March 16, 2022 04:30 ET | Source: Global Market Insights Inc. Global Market Insights Inc.

Selbyville, Delaware, March 16, 2022 (GLOBE NEWSWIRE) --

The concrete chain saw market is expected to surpass USD 350 million by 2028, as reported in a research study by Global Market Insights Inc. The adoption of light construction equipment including concrete chain saws and cutters for construction activities is augmenting the market growth. The increase in the demand is primarily due to the rise in home construction, non-residential building, and government construction activities.

The construction industry witnessed one of the worst impacts of the pandemic owing to the halting of major infrastructure development projects across the globe in the first half of 2020. Government-imposed lockdowns and restrictions on movement caused delays in the completion of construction projects, creating a huge gap in the demand for heavy & light construction equipment. The demand for new equipment declined in 2020 as contractors & real estate developers switched to rental machines as a result of financial insecurities caused by the pandemic.

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A gas-powered concrete saw is primarily used for outdoor work as it does not need an electrical source. This allows its applications in outdoor areas even when electricity is not available. Gas-powered concrete chain saws are powered by gasoline to provide sustained power for longer periods of time. Their ability to make deep cuts in concrete, stone, and masonry will support the market demand.

The growing investments in refurbishment projects of old roads and railways in Japan, China, and India are propelling the concrete chain saw market in the Asia Pacific. For instance, in February 2020, the government of India launched the Special Accelerated Road Development Programme for North-East (SARDP-NE). Through this project, the government invested USD 3.3 billion in the refurbishment of around 4,099 km of roads. Companies are launching new products to stay competitive in the market.

Some key findings in the concrete chain saw market report include:

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Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary 2.1    Concrete chain saw industry 3600 synopsis, 2018 - 2028 2.2    Business trends 2.2.1    Regional trends 2.2.2    Type trends Chapter 3   Concrete Chain Saw Industry Insights 3.1    Impact of the COVID-19 outbreak 3.1.1    Global 3.1.2    By region 3.2    Industry Ecosystem 3.3    Technology and innovation landscape 3.4    Investment landscape 3.5    Regulatory landscape 3.6    Industry impact forces 3.6.1    Growth drivers 3.6.2    Industry pitfalls and challenges 3.7    Growth potential analysis 3.8    Porter's analysis 3.9    PESTEL analysis

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.