Concrete Saw Rental Market

Concrete Saw Rental Market Growth Outlook (2023 to 2033)

Concrete saw rental services demand is expanding and is poised to grow at a rate of 5.1% during the forecast period and reach a valuation of US$ 677.9 million in 2033 from US$ 412.2 million in 2023.

A concrete saw is a power tool that is used in cutting through concrete, bricks, and other hard materials. Concrete saws are primarily used in construction, demolition, and remodeling projects. Many construction projects involve the need to cut through concrete, asphalt, or other dense materials, and a concrete saw is ideal for use.

Renting concrete saws eliminates the need for maintenance and storage costs, making it a reasonable option for those who have infrequent needs to use such equipment creating space for the rental service providers to gain high profit margins.

Report Attributes	Details
Concrete Saw Rental Market Size (2022A)	US$ 392.2 Million
Estimated Market Value (2023E)	US$ 412.2 Million
Forecast Market Value (2033F)	US$ 677.9 Million
Global Market Growth Rate (2023-2033)	5.1% CAGR
US Market Growth Rate (2023-2033)	5.3% CAGR
China Projected Market Value (2033F)	US$ 162.0 Million
Key Companies Profiled	A Tool Shed BlueLine Rental Diamond Rental Herc Rentals Home Depot Rentals Rental One Sunbelt Rentals The Cat Rental Store United Rentals

Historic and Future Pathway Analysis for the Concrete Saw Rental Market

Concrete saws are crucial tools for various construction, remodeling, and demolition projects, and the demand for these saws is driving the concrete saw rental market.

As the demand for construction and remodeling projects continues to grow, the concrete saw rental services are expected to increase along with it. Rental companies are investing in high-quality saws that are suitable for various purposes and are catering to a large market of customers who need access to concrete saws to complete their respective projects. Renting concrete saw offer convenience, affordability, and practicality to businesses, homeowners, and DIY enthusiasts alike.

• Short Term (2023-2026): The demand for concrete saw rental is growing due to the mushrooming construction industry, which creates a significant demand for concrete saws. Contractors and construction companies require concrete saws for various purposes, such as cutting concrete slabs, creating trenches, and cutting through walls or floors to create new openings, creating growth opportunities for rental service providers.
• Medium Term (2026-2029): The trend of DIYs and pullulating the construction industry is likely to drive the concrete saw rental market. As concrete saws enable users to cut down hard materials like asphalt and concrete slabs which are required in construction or related projects. Renting a concrete saw is an economic alternative for DIYers over owning one creating growth opportunities for the market growth.
• Long Term (2029-2033): The introduction of electric-powered and technological advance concrete saw is likely to curb the demand pool and rental service providers can upgrade their portfolio and meet the diverse customer demand, which is likely to drive the market growth in the long run.

On the back of the aforementioned facts, the concrete saw rental market is expected to grow at a CAGR of 5.1% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

Market share analysis of concrete saw rental based on the end user and region is provided in a nutshell in the above image. Under the end-user segment, the professional contractors sub-segment is expected to dominate with an 83.2% market share in 2023.

Market Dynamics Outlook

“Growing Recycled Construction Material Demand to Drive Concrete Saw Rental Market”

With the emphasis on sustainability and reducing waste, there is a surge in demolition and renovation projects aimed at repurposing existing structures. Concrete saws are essential tools for cutting through concrete and asphalt during these projects, allowing for the efficient removal and recycling of materials. Consequently, the demand for concrete saw rentals is pullulating.

Further, recycled construction materials often require processing and preparation before the material is reused. Concrete saws are used to cut and shape recycled concrete and asphalt into suitable sizes for various applications. As the use of recycled materials expands, the demand for concrete saw rentals to facilitate the material preparation process is likely to scale up.

Many infrastructure projects, such as road construction and repairs, are incorporating recycled materials into their designs. This integration of recycled materials in infrastructure projects is contributing to the growth of the concrete saw rental market.

Renting concrete saws allows them to utilize the necessary tools only when needed, reducing long-term expenses and maximizing cost savings associated with the use of recycled materials, hence, creating growth opportunities for the market players.

“Factors Affecting the Growth of the Concrete Saw Rental Market”

Concrete saws are a bit costly to buy, and the initial investment is likely to deter some rental companies from expanding their inventory. The cost of acquiring new and advanced concrete saws is a significant barrier, especially for smaller rental businesses with limited capital. This limits the availability of a wide range of concrete saw rental models, impacting the market's growth potential.

Country-wise Insights

What are the Factors Driving Concrete Saw Rental Demand Across India?

Growing construction activities in India are driving the concrete saw rental market due to the significant increase in demand for housing and infrastructure development.

• By 2030, over 40% of India’s population is expected to live in urban areas (up from 33% currently). To meet this need, the country will require 25 million additional mid-end and affordable houses.
• The National Infrastructure Pipeline (NIP) has allocated a budget of US$ 1.4 trillion towards various infrastructure projects, and 17% of this budget is dedicated to urban infrastructure.

This investment will result in a surge in construction activities, including the building of homes, commercial structures, and various transport-related projects such as roads, highways, and railways.

Concrete saws are an essential tool for cutting through concrete, asphalt, and other hard surfaces, making them an important part of the construction process. Given the scale of the infrastructure development projects, construction companies and contractors in India are increasingly turning to rental options as a cost-effective and practical way to acquire concrete saws.

This results in a growing demand for concrete saw rentals in India, making it a lucrative market for concrete saw rental companies.

Why Chinese Concrete Saw Rental Market is flourishing?

The increasing trend of DIY projects across China is driving the concrete saw rental market. With more people engaging in home renovation and construction activities, the demand for tools and equipment, such as concrete saws, is increasing.

As China continues to urbanize rapidly, the demand for new housing and infrastructure development is also growing. This has led to an increase in construction activities, including home renovation projects, repairs, and building new properties.

However, not everyone has the necessary tools and equipment to carry out these projects. Some people may not have access to concrete saws or may not be able to afford to purchase them outright. As a result, people in China are increasingly turning to rental options to obtain the necessary equipment, including concrete saws.

To address this growing demand, rental companies are investing in high-quality concrete saws that are suitable for DIY use. By providing affordable rental rates, rental companies are catering to a large market of DIY enthusiasts who need access to concrete saws to complete various construction and renovation projects.

Hence, growing DIY activities across China drive the concrete saw rental market creating an absolute $ opportunity of US$ 71.4 million during the forecast period.

Category-wise Insights

Why Electric-powered Concrete Saws are Gaining Traction?

The demand for electric-powered concrete saws is growing, and this trend is expected to drive the concrete saw rental market. With a growing emphasis on sustainability and environmental consciousness, there is a shift towards cleaner and greener technologies. Electric-powered concrete saws produce zero emissions during operation, unlike gasoline or diesel-powered concrete saws. This makes electric concrete saw more environmentally friendly and preferable in environmentally sensitive areas or indoor applications where emissions need to be minimized.

Electric-powered concrete saws are more cost-effective in the long run. It requires less maintenance since electric concrete saws have fewer moving parts and don't require fuel or oil changes.

The growing demand for electric-powered concrete saws is expected to drive the concrete saw rental market. Rental companies are likely to meet this demand by offering a variety of electric-powered saw models in their inventory.

How the Growing Construction Industry Drives Concrete Saw Rental Market?

With the growing construction industry demand for the concrete saw rental market is likely to increase. The global construction industry is experiencing a steady growth in revenue, and this trend is expected to continue in the coming years.

• It is expected that in 2030, the construction industry will be twice its current size. It was valued at US$ 6.4 trillion in 2020, and it is expected to reach US$ 14.4 trillion in 2030.

As the construction industry continues to grow, the demand for concrete saws increases. Concrete saws are an essential tool for cutting through concrete, asphalt, and other hard surfaces, making them a crucial tool in the construction process. Contractors and construction companies require these saws to perform various tasks, such as cutting concrete slabs, creating trenches, and cutting through walls or floors to create new openings.

With the construction industry’s revenue expected to continue its upward trend, the demand for concrete saw rentals is expected to increase. Renting a concrete saw reduces overall operations costs by excluding maintenance, repair costs, and other associated costs with owning a concrete saw. This presents a significant opportunity for rental companies of concrete saws to cater to the growing construction market needs by providing quality equipment and contributing to the construction industry’s growth.

Key Strategies

Prominent players operating in the concrete saw rental market are Home Depot Rentals, Sunbelt Rentals, United Rentals, Herc Rentals, Rental One, A Tool Shed, Diamond Rental, and BlueLine Rental.

Rental service providers aim to offer competitive pricing and flexible rental terms to attract customers. They provide customized rental options, allowing customers to choose an appropriate rental duration period on their project requirements. Offering cost-effective rental packages, discounted rates for longer rentals, or loyalty programs is likely to incentivize customers to choose their services over competitors enhancing the company’s market share and presence.

Fact.MR has provided detailed information about the key rental service providers of concrete saws, their total fleet, service portfolio, and revenue growth, in the recently published report.

Segmentation of Concrete Saw Rental Industry Research

• By Type :

  • Hand Held
  • Walk Behind

• By Operation :

  • Wet Cutting
  • Dry Cutting

• By Power Source :

  • Gas Powered
  • Electric Powered

• By End-user :

  • DIY Users
  • Professional Contractors
    • Construction
    • Demolition and Renovation
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa