The global manual tile cutter market size was evaluated at $385.69 million in 2022 and is slated to hit $552.85 million by the end of 2030 with a CAGR of nearly 4.59% between 2023 and 2030.
The research is a crucial resource for understanding the market’s drivers, barriers, and potential. The report on the manual tile cutter market includes a thorough examination of the competitive landscape in addition to a discussion of the geographical market. Also included are analyses such as PESTEL, SWOT, Porter’s five forces, value chain, cash flow, profit ratios, market basket, market attractiveness, and more. The report also delves into the investor and stakeholder landscape of the manual tile cutter market, providing invaluable insight for businesses.
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???? The Market for Manual Tile Cutters
Ceramic and porcelain tiles can be cut to size and shape with the help of a manual tile cutter. It also adjusts the lateral wedges and corrects the tile’s uneven corners so that they fit properly. Several distinct varieties of these instruments supposedly exist. Small kitchen splashbacks, projects needing straight cuts, and places with limited flexibility all benefit from the use of these items.
???? Principal Observations
• Our research analyst has revealed that the worldwide market for manual tile cutters is expected to develop at a CAGR of roughly 4.59% between the years 2023 and 2030.
• The manual tile cutter industry is projected to grow from its current value of $385.69 million by 2022 to $552.85 million by 2030.
• As commercial and residential construction spending continues to rise, the global market for manual tile cutters is expected to expand at a rapid clip throughout the projected period.
➤ Global market trends are being supported by a rise in investment in residential and commercial building.
The global manual tile cutter market will expand as a result of a notable increase in spending on construction activities in the commercial and residential sectors. The proliferation of the global market will be fueled by the rising popularity of using vitrified tiles to improve the visual appeal of homes and businesses. In addition, rising maintenance costs and a product’s great endurance can fuel expansion in international markets. There will be a significant increase in global market revenue thanks to the introduction of new products and the improvement of existing ones.
For instance, in October of 2021, Norton Clipper, a major supplier of cutting, grinding, and drilling equipment for the construction industry, released a new line of manual tile cutters called the Norton Clipper CTM 1200. These cutters can be used to cut ceramic and natural stone tiles efficiently, either in a straight line or on a diagonal. In addition, the largest manual cutter, the TZ-1800, was released in January 2023 by RUBI USA, a leading provider of high-quality services for cutting and maintaining ceramic tiles. The new machinery not only guarantees the required breaking strength depending on tile thickness, but also delivers excellent precision and a large cutting capacity. Such actions will boost the market’s global growth.
➤ Manufacturing capacity may be limited by 2030 as a result of a worldwide shortage of key raw resources.
The growth of the global manual tile cutter industry may be jeopardized by the increasing demand for traditional wooden flooring in many nations across Europe, Asia, and Latin America. Furthermore, product demand in different end-use industries has been hampered by low access to raw components needed for manufacturing and supply chain disruptions.
➤ The global market is poised for expansion as the product’s use increases in commercial building construction projects.
The rapid global population growth has stimulated an uptick in residential building, providing numerous expansion prospects for the global manual tile cutter market. With more people living in cities, there is a greater need for commercial buildings and factories, which has increased the size of the global market.
➤ Over the years 2023–2030, the increasing popularity of substitute products will pose a serious obstacle to the growth of industries around the world.
The global manual tile cutter market has a potential obstacle in the form of the widespread availability of product substitutes for flooring. And because these alternatives are both affordable and long-lasting, they pose a serious challenge to the growth of industries around the world.
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The Global Manual Tile Cutter Market is segmented based on product, application and region
Global Manual Tile Cutter Market: Product Segment Analysis
● Single-Track Manual Tile Cutters
● Double-Track Manual Tile Cutters
Global Manual Tile Cutter Market: Application Segment Analysis
The global manual tile cutter market profiles key players such as:
● Precision Waterjet Cutting
● Hangzhou John Hardware Tools
● Karl Dahm
● RK TOOLS
● Ningbo Sanding Edge Industrial
● Airport Bearing Company Limited
● Romway Industrial
● Zhejiang Xidele
● Kraft Tool Co.®
● Zhejiang Shijing Tools
● The Elephant Company Tile Cutters
● Wenzhou TEGU
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➤ Over the anticipated time period, North America will dominate the worldwide manual tile cutter market.
In 2022, North America was responsible for more than 51% of the global manual tile cutter market share, and it is anticipated that this region would continue to dominate the regional market space going forward. Market expansion in the subcontinent throughout the forecast period may be influenced by robust real estate operations in countries like Canada and the United States. In addition, a rise in personal disposable income will add significantly to the profits of the regional market. Additionally, a robust demand for manual tile cutters will be generated in the region as a result of an uptick in the construction of residential buildings and a surge in the renovation of existing buildings.
In addition, the Asia-Pacific region is expected to have the greatest CAGR in the manual tile cutter business over the forecast period. A increase in the construction of residential structures for the rapidly expanding populations of nations like India and China is one of the primary growth factors of the sector in the region. In addition, government initiatives in the region, such as India’s Pradhan Mantri Awas Yojna, which provides affordable housing to the country’s economically disadvantaged citizens, have the potential to increase regional demand. Manual tile cutters will become more commonplace in the subcontinent as a result of the rapid improvement in infrastructure seen in China, Bangladesh, Indonesia, and Thailand.
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