Market Overview: The global market for circular saw blades exhibited strong growth in 2020 and is projected to maintain a steady revenue CAGR throughout the forecast period. Key drivers of market growth include its extensive usage in the automotive industry and the rapid pace of industrialization. Additionally, the increasing number of remodeling, construction, and renovation activities is expected to fuel market expansion. The growing demand for decorative interiors and furniture, driven by improving living standards, is also contributing to the need for high-quality saw blades capable of cutting intricate designs and delivering a premium finish to various products.
A circular saw blade is a cutting tool primarily employed for cutting metal, plastic, and wood-based materials. It consists of a metal disc or blade with saw teeth along the edge, which can be mounted on a rotating arm. These blades are available in various sizes, designs, and materials, offering a wide range of tooth configurations. Commonly known as electric or hand-held saw tools, circular saw blades are powerful devices used for cutting diverse materials through a rotary motion.
Major Factors Driving Growth of the Global Circular Saw Blade Market: The revenue growth of the global circular saw blade market is primarily driven by the increasing adoption of circular saw blades for emerging applications such as sheet cutting, parts manufacturing, and disassembling. These blades find extensive use in the automotive industry for cutting metals and shaping cars, engine bodies, and wheels, thereby supporting the growth of the global market. The expanding adoption of electric vehicles and the development of the automotive sector in developed countries further propel market growth. Additionally, emerging countries worldwide are focusing on ramping up circular saw blade production to meet growing demand. Companies worldwide are also emphasizing technological advancements in circular saw blades to strengthen their positions in the global market. Notably, the introduction of advanced technologies like automatic table saws equipped with sensors and monitors to reduce accidents plays a crucial role in boosting market growth.
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Factors Restraining Growth of the Global Circular Saw Blade Market: The growth of the global circular saw blade market faces several challenges. The COVID-19 pandemic has significantly reduced the availability of personnel and caused disruptions in procurement, manufacturing, and supply chain operations, leading to substantial economic losses in various regions. Furthermore, circular saw blades generate large amounts of sawdust or debris, necessitating their usage in well-ventilated areas, which can limit market growth. The lack of skilled labor or personnel with knowledge of these tools also poses a hindrance to market expansion.
Opportunities for Players Operating in the Circular Saw Blade Market: Rapid industrialization, significant growth in the furniture manufacturing industry, and increasing adoption of circular saw blades for emerging applications present lucrative business opportunities for both established players and new entrants in the market. The rising population and technological advancements further support market growth prospects.
Global Circular Saw Blade Market Revenue Led by Product Type Segment: The carbide saw blades segment is expected to dominate the global market in terms of revenue share during the forecast period. The high demand for carbide saw blades in the automotive and furniture industries worldwide is a key factor driving the growth of this segment. The demand-supply dynamics of carbide saw blades will likely continue to fuel its growth in the coming years.
North America Accounts for the Largest Revenue Share in the Circular Saw Blade Market: North America emerged as the dominant market for circular saw blades in 2020, capturing the largest revenue share, attributed to the rise in residential and commercial applications. The demand for circular blades in the automotive and construction sectors, especially in the U.S. and Canada, is expected to drive the market in North America. In Europe, the circular saw blade market is projected to witness steady growth in terms of revenue due to increasing reconstruction and renovation activities. Developed countries in this region are engaged in rebuilding old and high-rise buildings, leading to increased adoption of circular saw blades and driving market growth.
Asia Pacific Continues to Lead in Terms of Revenue CAGR: The Asia Pacific circular saw blade market is anticipated to achieve the highest revenue CAGR during the forecast period. This can be attributed to significant investments by automotive manufacturers and the rapid expansion of the construction sector in the region. The market growth in the Asia Pacific is also propelled by increasing population, industrialization, residential usage, and reconstruction activities. Furthermore, the demand for furniture in Asian countries like India and China, coupled with their rapid industrialization, will drive market revenue growth. The presence of key manufacturers offering a wide range of products further contributes to the growth of the Asia Pacific market.
Major Companies Profiled in the Report: The report includes profiles of major companies operating in the circular saw blade market, such as PILANA, HUANGHE WHIRLWIND, KANEFUSA, STARK Spa, BOSUN, AKE, General Saw, Leuco, LEITZ, Diamond Products, Skiltools (Bosch), EHWA, Fengtai, Kinkelder, Tangshan Metallurgical Saw Blade. The strategies and objectives of these companies vary, with a focus on technological advancements, acquisitions, and product launches to enhance their market position.
Strategies and Objectives of Major Companies: In September 2020, Snap-on acquired AutoCrib Inc., a Tustin, California-based company, for USD 36 million. This acquisition complements and expands Snap-on's existing tool control offerings, providing consumers with a wider range of products for various industrial applications. In October 2020, Dimar Group launched its new saw blade line, DTOPX, featuring 300mm, 96-tipped blades with a 10-degree rotation. These hook angle table saw blades offer cutting-edge efficiency, extended lifespan, and low noise production.
Advantages of Our Report and Why Our Offering is Superior: Our report provides historical data points and forecasts, offering insights into revenue growth at the global, regional, and country levels. It encompasses analysis of industry trends, consumption patterns, and detailed market segmentation for each region, major country, and segment from 2018 to 2028. The report includes industry analysis, competitive landscape, company financials, and impact analysis. It offers a comprehensive view of the global market, including changing dynamics, trends, scenarios, market strategies, segment revenue, and market share contributions by region and country. Furthermore, the report provides detailed information on historical, current, and projected revenues.
Detailed Segmentation in Our Report: The global circular saw blade market is segmented based on product type, end-use, and region.
Product Type Outlook:
- Carbide Saw Blades
- Diamond Saw Blades
- Steel Blades
- High-speed Steel Blades
- Abrasive Blade
End-use Outlook:
- Wood and Wood-based Material Cutting
- Metal Material Cutting
- Stone Cutting
- Others
Region Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Benelux
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