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Circular Saw Blades Market Size, Growth, Market Analysis, Segmentation, And Forecast To 2033
Circular Saw Blades Market Size
Circular Saw Blades Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $13.5 billion In 2028 At A CAGR Of 6.5%.
The circular saw blades market size has grown steadily in recent years. It will grow from $10.21 billion in 2023 to $10.49 billion in 2024 at a compound annual growth rate (CAGR) of 2.8%. The growth in the historic period can be attributed to growth in construction and woodworking industries, industrialization and urbanization, introduction of specialized blades, increased adoption of power tools, globalization of manufacturing.
The circular saw blades market size is expected to see strong growth in the next few years. It will grow to $13.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing demand for sustainable materials, rise of smart manufacturing, increasing focus on safety features, focus on lightweight and ergonomic designs. Major trends in the forecast period include integration of iot in cutting tools, product innovations, collaborations and partnerships, customization and specialization.
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Circular Saw Blades Market Major Segments
The circular saw blades market covered in this report is segmented -
1) By Type: Carbide Saw Blades, Diamond Saw Blades, Other Types
2) By Blade Diameter: 5-1/2 Inches, 7-1/4 Inches, Other Blade Diameters
3) By Application: Wood And Wood-Based Materials Cutting, Metal Materials Cutting, Stone Cutting, Other Applications
Key Driver - Increased Demand For Wood And Building Construction
The increasing demand for wood in the building and construction industries is expected to propel the growth of the circular saw blades market going forward. Wood refers to the raw material that is used for various purposes including construction activities. Circular saw blades offer precise and efficient wood-cutting capabilities, making them essential for the building and construction industries and enabling accurate shaping and sizing of various materials, such as wood and wood-related products, to meet construction requirements. For instance, in September 2022, according to the Department of Agriculture, Fisheries and Forestry (ABARES), an Australia-based governmental organization, by 2030, global consumption of roundwood is expected to rise by around 10% to 2.2 billion cubic meters. Therefore, increasing demand for wood in the building and construction industries drives the circular saw blades market.
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Prominent Trend - Technological Advancement To Enhance Market Position
Technological advancements are a popular trend in the circular saw blade market. Major companies operating in the circular saw blades market are focused on technological advancements to meet demand and sustain their position in the market. For instance, in August 2022, LENOX tools, a Stanley Black & Decker company, an India-based tools manufacturing company, introduced WAVE EDGE, a reciprocating saw blade technology. The WAVE EDGE technology offers a new tooth form and design to enhance the cutting process and give smoother results with the saw. Additionally, the company also introduced products that include METALWOLF
Circular Saw Blades Market Players
Major companies operating in the circular saw blades market report are Robert Bosch GmbH, Stanley Black and Decker Inc., General Saw Corporation, Makita Corporation, Festool Group GmbH & Co. KG, The Milwaukee Electric Tool Corporation, Ridge Carbide Tool, Henan Huanghe Whirlwind Co. Ltd., Lenox Corporation, Leitz Tooling Systems LP, Simonds International Corporation, KANEFUSA CORPORATION, Tenryu Saw Mfg Co. Ltd., Irwin Industrial Tools, The Leitz Group, Amana Tool Corporation, Jiangsu Fengtai Tools Co. Ltd., SKIL tools, Kinkelder BV, Diamond Products Limited, Everede Tool Co., Dimar Cutting Tools Ltd., Hangzhou Wagen Precision Tooling Co. Ltd., Stark S.p.A, LEUCO AG, Tangshan Metallurgical Saw Blade Co. Ltd., AKE Knebel GmbH & Co. KG, Freud Produzioni Industriali S.P.A., PILANA a.s.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the circular saw blades market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the circular saw blades market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Circular Saw Blades Market Report Structure
3. Circular Saw Blades Market Trends And Strategies
4. Circular Saw Blades Market - Macro Economic Scenario
5. Circular Saw Blades Market Size And Growth
…..
27. Circular Saw Blades Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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