According to the new market research report by IndustryARC titled “Diamond Tools Market 2017”, the market is driven by the growing prevalence of construction, automation, advanced electrical and mechanical appliances during the forecast period.
Asia Pacific dominates the Diamond Tools Market
Asia Pacific has the largest share in the Diamond Tools Market. It is expected to generate $64,343.45 million by 2023 growing at a CAGR of 12.09%. Increased infrastructure spending by the government, growing construction, and processing industries in nations like India and China are driving the growth of the market. The use of diamond tools is higher in the Asia Pacific, which favors more number of imports.
Selected Analysis done in the Diamond Tools Market Report:
The stone processing segment reached a revenue of $1.052.3 millionin 2016. It is expected to reach $1,882 million by 2023 at a CAGR of 8.66%. Diamond tools are the important components in the stone processing industry, since they are used in the designing and structuring of natural stones with the right construction material to obtain the desired standard.
To Access/Purchase the Diamond Tools Market report, please browse the link below:
Key players of the Diamond Tools Market
The top players in the Diamond Tools Market are Asahi Diamond Industrial Co Ltd, Saint-Gobain, Hilti Group, BOSUN Tools Co., Ltd. and Blount International. Asahi Diamond Industrial manufactures products such as diamond dressers, resin bond diamond, and metal bond diamond.
Media Contact: Mr. Venkat Reddy Sales Manager Email 1: firstname.lastname@example.org Or Email 2: email@example.com Contact Sales: +1-614-588-8538 (Ext-101)