According to Cognitive Market Research, the global Tile Cutting Tool market size will be USD 125.9 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 50.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 37.77 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 28.96 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 6.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
The residential category is the fastest growing segment of the Tile Cutting Tool industry
