Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 385.69 Million | USD 552.85 Million | 4.59% | 2022 |
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 market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The manual tile cutter industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the manual tile cutter market report explores the investor and stakeholder space to help companies make data-driven decisions.
A manual tile cutter is an instrument used for cutting ceramic and porcelain tiles in specific sizes and shapes. Moreover, it makes changes in the lateral wedges and amends irregular corners of the tile into correct tile fittings. Reportedly, these instruments are available in various types. These products are utilized for small kitchen splashbacks, ventures requiring straight cuts, and locations requiring lesser spaces.
Surge in the spending on residential & commercial construction activities to prop up the global market trends
A prominent surge in the expenditure on construction activities in commercial as well as residential sectors will steer the expansion of the global manual tile cutter market. Growing preference for deploying vitrified tiles for increasing the aesthetic value of residential and commercial buildings will proliferate the expansion of the global market. In addition to this, high durability and a surge in maintenance costs can promote global market growth trends. New product launches as well as product innovations will contribute majorly towards the global market proceeds. For instance, in October 2021, Norton Clipper, a key player providing cutting, grinding, and drilling equipment for the construction sector, launched a Norton Clipper CTM 1200, a new range of manual tile cutters, for efficiently cutting ceramic as well as natural stone tiles in a straight or diagonal way. Furthermore, in January 2023, RUBI USA, a key firm providing high-quality services for cutting and maintaining ceramic tiles, launched the largest manual cutter referred to as TZ-1800. The new equipment provides high-precision with great cutting capacity along with ensuring necessary breaking strength based on tile thickness. Such moves will accentuate the expansion of the market across the globe.
Low availability of raw materials used for manufacturing the product can restrict the global industry surge by 2030
Escalating demand for conventional wooden flooring in several countries of Europe and Asia as well as Latin America can pose a big threat to the expansion of the manual tile cutter industry across the globe. Furthermore, low access to raw components used for manufacturing the product and supply chain disruptions have further impeded product demand in various end-use sectors.
Rise in the product penetration in commercial building construction activities to unravel new horizons of growth for the global market
A swift increase in the population across the globe has resulted in a surge in the construction of households, thereby opening ample growth opportunities for the manual tile cutter market across the globe. An increase in urbanization has led to the demand for the construction of commercial complexes and the need for constructing factories, thereby expanding the scope of global market expansion.
The growing use of alternate products to prove to be a huge challenge for global industry expansion over 2023-2030
Easy availability of product substitutes for flooring can prove to be a challenging task for the global manual tile cutter industry. Apart from this, these substitute products are cost-effective and durable and this can prove to be a daunting task for the global industry expansion.
The global manual tile cutter market is sectored into type, application, and region.
In type terms, the global manual tile cutter market is segregated into single-track manual tile cutters, double-track manual tile cutters, and others segments. In addition to this, the double-track manual tile cutter segment, which gathered nearly one-fourth of the global market revenue in 2022, is anticipated to record a significant growth rate over the assessment timeline. The growth of the segment in the upcoming years can be attributed to the lesser time taken by double-track manual tile cutters along with its convenience for the users. Furthermore, these products are cost-efficient & portable and possess high operational efficiency.
Based on the application, the global manual tile cutter industry is divided into commercial and household segments. Furthermore, the commercial segment, which accounted for more than 40% of the global industry share in 2022, is set to contribute majorly towards the global industry revenue share over 2023-2030. The segmental expansion in the coming eight years can be ascribed to the rise in commercial establishments across the globe and the increase in the renovation & construction activities in the commercial segment.
Report Attributes | Report Details |
---|---|
Report Name | Manual Tile Cutter Market Report |
Market Size in 2022 | USD 385.69 Million |
Market Forecast in 2030 | USD 552.85 Million |
Growth Rate | CAGR of 4.59% |
Number of Pages | 210 |
Key Companies Covered | Precision Waterjet Cutting, Hangzhou John Hardware Tools, Dedra, RUBI, Raimondi, Karl Dahm, RK TOOLS, Ningbo Sanding Edge Industrial, Airport Bearing Company Limited, Romway Industrial, Zhejiang Xidele, SIRI, Kraft Tool Co.®, Zhejiang Shijing Tools, The Elephant Company Tile Cutters, Wenzhou TEGU, Sigma, Yueqing zebra Tools Co. Ltd., Battipav, Montolit, ISHII Tools, and Yongkang TOPVEI. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to be a global leader in the manual tile cutter market over the forecast timeline
North America, which contributed more than 51% of the global manual tile cutter market share in 2022, is expected to lead the regional market sphere in the ensuing years. The market growth in the sub-continent over the prognosis timeframe can be subject to thriving real estate activities in countries such as Canada and the U.S. Furthermore, an increase in disposable income will contribute sizably towards the regional market earnings. Apart from this, an increase in the construction of residential buildings and a surge in the renovation of these buildings in the region will generate a robust demand for manual tile cutters in the region.
Furthermore, the manual tile cutter industry in the Asia-Pacific zone is anticipated to register the highest CAGR in the predicted timeline. The major growth factors of the industry in the region include a rise in the construction of residential buildings for the rapidly increasing population in densely populated countries such as India and China. Furthermore, schemes such as Pradhan Mantri Awas Yojna launched by the Government of India offering houses at reduced costs for economically weaker sections in India can further boost the demand for the product in the Asia-Pacific zone. Rapid improvement witnessed in the infrastructural growth and increase in construction activities in China, Bangladesh, Indonesia, and Thailand will upsurge the penetration of manual tile cutters in the sub-continent.
The global manual tile cutter market profiles key players such as:
By Type
By Application
FrequentlyAsked Questions
A manual tile cutter is an instrument used for cutting ceramic and porcelain tiles in specific sizes and shapes. Moreover, it makes changes in the lateral wedges and amends irregular corners of the tile into correct tile fittings. Reportedly, these instruments are available in various types. These products are utilized for small kitchen splashbacks, ventures requiring straight cuts, and locations requiring lesser spaces.
The global manual tile cutter market growth is owing to a growing preference for deploying vitrified tiles for increasing the aesthetic value of residential and commercial buildings.
According to a study, the global manual tile cutter industry size was $385.69 million in 2022 and is projected to reach $552.85 million by the end of 2030.
The global manual tile cutter market is anticipated to record a CAGR of nearly 4.59% from 2023 to 2030.
The Asia-Pacific manual tile cutter industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the construction of residential buildings for the rapidly increasing population in densely populated countries such as India and China.
The global manual tile cutter market is led by players such as Precision Waterjet Cutting, Hangzhou John Hardware Tools, Dedra, RUBI, Raimondi, Karl Dahm, RK TOOLS, Ningbo Sanding Edge Industrial, Airport Bearing Company Limited, Romway Industrial, Zhejiang Xidele, SIRI, Kraft Tool Co.®, Zhejiang Shijing Tools, The Elephant Company Tile Cutters, Wenzhou TEGU, Sigma, Yueqing zebra Tools Co., Ltd., Battipav, Montolit, ISHII Tools, and Yongkang TOPVEI.
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