Power Cutter Market

Market Overview:

The global power cutter market size reached US$ 6.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.74% during 2024-2032. The ongoing infrastructural projects, the introduction of advanced product variants, and the rising popularity of DIY projects among the masses represent some of the key factors driving the market.

A power cutter is a handheld tool used for cutting and shaping various materials such as wood, metal, and concrete. It is designed to provide the user with the necessary power and precision needed to accomplish their tasks quickly and efficiently. It consists of a motor, blade, blade guard, handle, switch, battery, or fuel tank. It is available in different types, including electric-powered, gas-powered, and battery-powered models, that feature different cutting mechanisms such as rotary, reciprocating, and oscillating blades. The blades of a power cutter are primarily made of high-strength materials like tungsten carbide or diamond, which allows them to cut through tough materials with ease. Owing to these properties, power cutters are used in construction, manufacturing, and fabrication industries for tasks such as cutting concrete slabs, metal pipes, and wooden boards. They also find extensive applications in DIY projects for cutting tiles and shaping wood.

Power Cutter Market Trends:

The market is primarily driven by the ongoing development of infrastructure projects such as roads, bridges, and buildings. Power cutters are widely used for cutting concrete and other tough materials during construction activities. In addition, the expanding construction industry is escalating the demand for power cutters for cutting and shaping materials. Besides this, the leading market players are introducing cordless power cutters with longer battery life and faster charging times to expand their consumer base. They are also acquiring small and medium-sized companies with a strong local presence to strengthen their foothold in other regions or countries. This, coupled with the implementation of stringent safety regulations in various industries, is accelerating the adoption of power cutters as they are safer to use and have more advanced safety features. Moreover, the growing popularity of do-it-yourself (DIY) projects among individuals is also contributing to the growth of the power cutter market. Power cutters are widely used in home improvement projects for removing paint, soldering wire, thawing pipes, and other DIY projects. Furthermore, rapid urbanization, especially across developing economies, and the rising product adoption in the automotive, energy, aerospace, and power industries are other factors creating a positive market outlook across the globe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global power cutter market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on power type, cutter type and end user.

Power Type Insights:

• Gas-powered
• Battery-powered
• Electric-powered
• Pneumatic-powered
• Hydraulic powered
   

The report has provided a detailed breakup and analysis of the power cutter market based on the power type. This includes gas-powered, battery-powered, electric-powered, pneumatic-powered, and hydraulic powered. According to the report, gas-powered represented the largest segment.

Cutter Type Insights:

• Ring Cutter
• Chain Cutter
   

A detailed breakup and analysis of the power cutter market based on the cutter type has also been provided in the report. This includes ring and chain cutter. According to the report, ring cutter accounted for the largest market share.

End User Insights:

• Industrial
• Residential
• Commercial
   

The report has provided a detailed breakup and analysis of the power cutter market based on the end user. This includes industrial, residential, and commercial. According to the report, industrial represented the largest segment.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others 
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for power cutter. Some of the factors driving the Asia Pacific power cutter market included heavy investments and initiatives by government toward infrastructure development, development of new technologies, increasing demand for construction and manufacturing industries, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global power cutter market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Hilti Corporation, Husqvarna Group, Makita Corporation, Stanley Black & Decker Inc., STIHL Incorporated, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global power cutter market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global power cutter market?
• What is the impact of each driver, restraint, and opportunity on the global power cutter market?
• What are the key regional markets?
• Which countries represent the most attractive power cutter market?
• What is the breakup of the market based on the power type?
• Which is the most attractive power type in the power cutter market?
• What is the breakup of the market based on the cutter type?
• Which is the most attractive cutter type in the power cutter market?
• What is the breakup of the market based on end user?
• Which is the most attractive end user in the power cutter market?
• What is the competitive structure of the global power cutter market?
• Who are the key players/companies in the global power cutter market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the power cutter market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global power cutter market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the power cutter industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.