Increase in infrastructure spending and growing number of public infrastructure development is expected to drive the demand for global bump cutter market in forecast period.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing. Leading authorities around the globe-imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Construction activities were temporarily suspended to practice social distancing and covid protocols. Manufacturing units were closed down till notice and the workers moved back to their native places. The restrictions were imposed on the import and export activities which resulted in the disruption of the supply chain. Therefore, the COVID-19 pandemic adversely affected the growth of the bump cutter market in the forecast period.
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Global bump cutter market is segmented into material type, tool width, end user, regional distribution, and company. Based on the end user, the market can be divided into residential, commercial, and industrial. The residential segment is expected to dominate the bump cutter market in the forecast period, 2022-2026. The high use of bump cutters is in the residential sector owing to its inexpensive nature; therefore, it brings down the construction cost. Leading authorities of the developing countries are promoting the construction activities of the residential sector in form of schemes, initiatives, and financial support to provide shelter to its resident. Based on the material type, the market can be divided into sand/cement, calcium sulfate, and synthetic resin. The sand/cement market segment is expected to witness growth in the next five years owing to its ability to get mixed with the other construction materials. It also provides strength, stability, and durability to construction materials and can be formed to form large structures at construction sites. Based on the tool width, the market can be categorized into 0-2.4m, 2.5-4.0m, <4.0m. The 2.5-4.0m segment is expected to hold a major market share in the predicted period. The high demand from the residential and commercial sectors helps in achieving the required finish by leveling smoothly.
AB Lindec, Topall Impex, Indis Floors India Pvt. Ltd., Brockwhite Construction Materials, Kraft Tool Co., Sydney Tools Pty Ltd, DK Plant Sales, Wagman Metal Products Inc., Beton Tools, Heger GmbH Diamond Tools are the leading players operating in global bump cutter market. Service Providers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several bump cutter providers are coming up with their technologically advanced offerings.
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“Upcoming construction projects and huge budget allocations are expected to boost the construction rental equipment market. The renting equipment is more economical to the builders and construction developers and can be used again and again. Market players are investing huge amounts for the technological up-gradation of the existing infrastructure to achieve improved results by using the bump cutter is expected to propel the market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Bump Cutter Market By Material Type (Sand/Cement, Calcium Sulfate, and Synthetic Resin) By Tool Width (0-2.4m, 2.5-4.0m, <4.0m) By End User (Residential, Commercial, Industrial) By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of global bump cutter market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global bump cutter market.
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