Press release
Strategic Forecast for the Circular Saw Blades Industry: Market Outlook 2025-2034
Circular Saw Blades
Circular Saw Blades Market Size Growth Forecast: What to Expect by 2025?
The market size of circular saw blades has seen a steady increase over the past few years. It is projected to expand from $10.41 billion in 2024 to $10.68 billion in 2025, with a compound annual growth rate (CAGR) of 2.6%. The growth during the historical period can be credited to the expansion in construction and woodworking sectors, industrialization and urban progression, the launch of specialized blades, heightened use of power tools, and the worldwide proliferation of manufacturing.
How Will the Circular Saw Blades Market Size Evolve and Grow by 2029?
In the coming years, the market for circular saw blades is predicted to expand significantly, poised to reach $14.35 billion in 2029 with a compound annual growth rate (CAGR) of 7.7%. The expected surge during the forecast period is due to factors such as a heightened demand for sustainable materials, the emergence of smart manufacturing, an increased emphasis on safety aspects, and a focus on lightweight, ergonomic designs. Dominant trends for the forecast period encompass the integration of IoT into cutting appliances, product innovation, cooperative ventures and partnerships, as well as customization and specialization.
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What Drivers Are Propelling the Growth of Circular Saw Blades Market Forward?
The circular saw blades market is likely to experience expansion due to the rising demand for wood within building and construction sectors. The raw material, wood, is utilized extensively in various applications including construction activities. The precision and efficiency in wood-cutting provided by circular saw blades make them indispensable to the building and construction industries, facilitating accurate shaping and sizing of diverse materials such as wood and its related products to fulfill construction needs. As an illustration, the Department of Agriculture, Fisheries and Forestry (ABARES), a governmental organization based in Australia, reported in September 2022 that global consumption of roundwood is projected to surge approximately 10% to 2.2 billion cubic meters by 2030. Hence, the escalating requirement for wood in the building and construction industries is propelling the growth of the circular saw blades market.
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Which Emerging Trends Are Transforming the Circular Saw Blades Market in 2025?
Novel improvements in technology are a dominant trend within the circular saw blade marketplace. To maintain their market position and meet customer demand, key businesses in this sector are honing their emphasis on technological innovation. For example, LENOX tools - a subsidiary of Stanley Black & Decker in India, a tool manufacturing corporation - launched WAVE EDGE, an innovative reciprocating saw blade technology, in August 2022. The WAVE EDGE mechanism boasts an upgraded tooth form and layout that enhances the cutting operation and produces more refined outcomes with the saw. Furthermore, the firm also debuted products featuring METALWOLF.
What Are the Key Segments in the Circular Saw Blades Market?
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
Subsegments:
1) By Carbide Saw Blades: General-Purpose Carbide Blades, Specialty Carbide Blades
2) By Diamond Saw Blades: Segmented Diamond Blades, Continuous Rim Diamond Blades, Turbo Diamond Blades
3) By Other Types: High-Speed Steel (HSS) Blades, Bi-Metal Blades, Abrasive Blades
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Who Are the Key Players Shaping the Circular Saw Blades Market's Competitive Landscape?
Major companies operating in the circular saw blades market include 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.
What Geographic Markets Are Powering Growth in the Circular Saw Blades Market?
North America was the largest region in the circular saw blades market in 2024. 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.
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