According to the latest report by IMARC Group, titled, “Saw Blades Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, Offers a comprehensive analysis of the industry, which comprises insights on the global saw blades market growth. The global saw blades market size reached a US$ 14.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.3 Billion by 2027, exhibiting a CAGR of 4.2% during 2022-2027.
Saw blades are replaceable cutting components of various hand, portable, and stationary power tools. Some common types of saw blades include circular, band, straight, and chain saw blades. They are designed with toothed edges and varying tooth configurations to facilitate smooth and clean cutting action and obtain the desired cut without damaging the workpiece. They are widely used to cut and modify the shape of rigid materials, such as marble, granite, wood, metal, stone, and concrete. They are coated with titanium, zirconium, or chrome coatings made through physical vapor deposition to improve the tooth durability, performance, and quality of the cut piece. As a result, saw blades find extensive applications across numerous industrial sectors, including furniture, automotive, mining, and construction.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Saw Blades Market Trends:
The escalating demand for saw blades from the furniture manufacturing industry represents the primary factor driving the market growth. This can be attributed to the shifting consumer inclination toward luxury interiors and furniture, which has augmented the demand for high-quality saw blades that can cut through intricate designs and add a premium finish to the products. Besides this, the rising construction and renovation activities due to the expanding urban population, elevating living standards, and inflating consumer expenditure capacities is another major growth-inducing factor.
Furthermore, there has been a significant rise in the use of power saws across the automotive sector for cutting metal or rubber parts to shape the vehicle’s engine body, wheels, door seams, and seat frames. Along with this, the increasing sales of fuel-efficient cars and electric vehicles (EVs) have propelled market growth. Additionally, the leading manufacturers are developing innovative saws with longer operational life and blades with precise cuts to minimize wear and tear. In line with this, several product innovations, such as the launch of automatic table saws embedded with monitors and sensors to prevent accidents and improve workers’ safety, have propelled the market growth.
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Global Saw Blades Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AKE Knebel GmbH & Co. KG, DoAll Company, Freud America Inc., Kinkelder B.V.,Ledermann GmbH & Co. KG, Leuco Tool Corporation, The M K Morse Company, Pilana Knives A.S., Simonds International L.L.C. (BGR Saws Inc.) and Stanley Black & Decker Inc.
The report has segmented the market on the basis of region, product type and application.
Breakup by Product Type:
- Circular Saw
- Band Saw
- Chain Saw
- Hand Saw
- Others
Breakup by Application:
- Wood Cutting
- Metal Cutting
- Stone Cutting
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China,Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
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