The Diamond Tile cutter is a machine used to cut the diamond tiles into specific shapes and sizes. It is also used to alter unsymmetrical corners of the tile to bring out its perfect fitting as required. Diamond Tile cutter machine is available in multiple types. It ranges from simple manual devices to complicated power tool add-ons. Nowadays, the majority of the masons choose to use electric tile cutters over manual machines as these are way more efficient and time-saving.
The Diamond Tile Cutter Market is expected to reach US$ 332.83 Million during the forecast period at a 7.4% CAGR.
Covid-19 Impact & Market Status
The outbreak of the COVID-19 Pandemic in early 2020 built infinite roadblocks across industry pipelines, sales funnels, and supply chain activities. This led to the unprecedented budget liability on company expenditure for industry leaders. The coronavirus epidemic influences the commodity markets in various ways. Due to localized epidemics and government-mandated lockdowns, company operations were harmed, and demand for numerous goods remained low, with decreasing near-term demand throughout areas. To bounce back in the market, diamond tile cutter market participants are switching over to digitization for recovering the losses incurred.
During the forecast period, the household segment is predicted to develop at the fastest rate in the diamond tile cutter market
The Household segment is expected to project a CAGR of 5.8% over the review period. Diamond tile cutters are designed to cut tiles as per the area of the house where tiles are going to be fixed in kitchens, bathrooms, galleries, and others, where the tiles are to be set up. With the use of diamond tile cutters, the adjustment of tiles becomes effortless as tiles can be cut into a particular shape and size suitable for walls and floors. Tiles are an important aspect of any home's interior design, and customers' preferences for different types of tiles might vary depending on the room. For example, the customer may like to have a certain type of tiles for the kitchen while different for bathrooms. Moreover, several types of tiles are particularly used for kitchen floors, kitchen walls, and kitchen counters like tiles made of porcelain, vinyl, stone, quarry, ceramic, cork, glass, and bamboo. Glass tiles are commonly used for backsplashes, whereas ceramic, porcelain, and quarry tiles are commonly utilized for countertops and floors.
Supremacy of the Asia Pacific region in the global market
Due to expanding infrastructural development, rising expenditure, and a developing construction sector in nations like China, India, and Japan, the Asia Pacific area has seen tremendous expansion. The Asia Pacific region is anticipated to experience a cardinal uptick in demand owing to the rapidly hiking real estate sector, which consists of the construction of residential buildings and renovation operations. Furthermore, the factors such as the upgrading commercial sector and dynamic trends in the furnishing of houses, and changes in the standard of living of individuals are expected to accelerate the demand for tiles and drive the growth of the diamond tile cutter market over the forecast period in this region.
The Global Diamond Tile Cutter market size is anticipated to gain market growth in the forecast period of 2022 to 2029, with a rising CAGR of 6% in the forecast period 2022 to 2029, and is likely to reach USD 4.35 billion by 2029, from USD 3 billion in 2022.
The surge in construction expenditure as the number of commercial buildings and residential complexes has gone, the hiked demand for construction item materials like ceramic tiles and the use of related power tools to install them which subsequently has created the demand for diamond tile cutters across the globe.
Traditional tiles emit water, dust, and mud which causes an unfavorable environment and harms the health of workers. However, the current generation of technology (in regards to tile cutters) connects eliminates all the hazards to humans and the environment, and represents considerable savings in noise, water, and energy.
The types of tiles used in residential and in-home renovation activities are Ceramic tiles. Apart from this, ceramic tiles are used in commercial operations for the furnishing of malls and Hospitals, Hotels, Airports, and work and office premises. Retailers are taking use of advances in digital printing technology to provide ceramic tiles with a wide choice of beautiful designs. The increase in the number of tiles would prominently promote the demand for the tile cutter market.
A growing number of construction projects in the commercial sector, increasing preference for installed vitrified tiles for a higher range of aesthetics, low maintenance cost, and durability are the pivotal factors that are assumed to drive the demand for diamond tiles and propel the growth of the tile cutter market over the projection period. The key participants of the market are emphasizing the strategic promotion of products and the introduction of new prototypes to widen their geographical era.
With regards to product type, the use of electric type tile cutters is likely to counter the sales of manual-based tile cutters. The importance of energy conservation while operating tile cutter machines are being considered by the manufacturers while designing the product. Moreover, the presence of substitute flooring materials being equally pocket friendly and durable like vinyl, textile, PU may become an obstacle to the growth of the diamond tile cutter market.
The emerald Tile cutting equipment is one of the most in-demand power tools, owing to the wide variety of tile sizes utilized in the residential, commercial, and industrial sectors. Furthermore, the growth in the construction activities and rapid urbanization are two prime components that are pushing the upliftment of the diamond tile cutter market. To enhance their position in the diamond tile cutter market, diamond tile makers are focused on new launches and innovation tactics. Manufacturers are more inclined toward the production of innovative products and have introduced tile cutters with fascinating designs and advanced features. Therefore, the growing construction industry is expected to boost the growth of the diamond tile cutter market across all regions.
The Major players operating in the global electric tile cutter market include GERMANS BOADA SA (RUBI UK LTD.), iQ Power Tools, Norcros plc, Lantronix, CORTEX, Q.E.P. Co., Inc. (Vitrex), Brevetti Montolit S.p.A., Jack Sealey Ltd., and DEWALT.
Latest Innovations in the Global Diamond Tile Cutter Market: A Snapshot
- GCC countries and the rest of Eastern Europe are likely to grasp the potential growth opportunities for the Global Diamond Tile Cutter Market. The National Energy Efficiency Action Plans (NEEAPs) have announced their strategies to call investments for in the construction of, public, and commercial buildings, residential, etc in the European region. These renovating activities are being undertaken for the development/renovation of hospitals, offices, hotels, restaurants, stores, shopping centers, and garages.
Diamond Tile Cutter Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 4.35 billion.|
|Growth Rate||CAGR of 6.0% during 2021-2028|
|Segment Covered||Product, Application, Regions|
|Regions Covered||North America, Europe, The Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||GERMANS BOADA SA (RUBI UK LTD.), iQ Power Tools, Norcros plc, Lantronix, CORTEX, Q.E.P. Co., Inc. (Vitrex), Brevetti Montolit S.p.A., Jack Sealey Ltd., and DEWALT & among others.|
Key Segments of the Global Diamond Tile Cutter Market
Product Overview, 2022-2029 (USD Billion)
- Wet Tile Cutter
- Dry Tile Cutter
Application Overview, 2022-2029 (USD Billion)
- Commercial Use
Regional overview, 2022-2029 (USD Billion)
- North America
- The US
- Rest of Europe
- The Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa