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Increased Demand For Wood And Building Construction: Strategic Insights Driving Circular Saw Blades Market Momentum in 2025
Circular Saw Blades
How Large Will the Circular Saw Blades Market Size By 2025?
In recent times, the market size for circular saw blades has seen a slight increase. Its value is projected to rise from $10.41 billion in 2024 to $10.54 billion in 2025, with a compound annual growth rate (CAGR) of 1.2%. The expansion during the historic period can be linked to the development of construction and woodworking sectors, modernization and urbanization, the unveiling of specialized blades, growing use of power tools, and the global spread of manufacturing.
How Big Is the Circular Saw Blades Market Size Expected to Grow by 2029?
Expectations are set for the circular saw blades market to experience significant growth in the upcoming years, with projections estimating its value to reach $13.96 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The forecasted growth can be credited to the increasing demand for sustainable materials, the ascent of intelligent manufacturing, enhanced focus on safety measures, and an emphasis on lightweight and ergonomic designs. Some of the main trends projected for the forecast period entail the inclusion of IoT in cutting instruments, innovations in products, collaborations and partnerships, as well as customization and specialization.
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Which Key Market Drivers Powering Circular Saw Blades Market Expansion and Growth?
The growth of the circular saw blades market is anticipated to be driven by the escalating demand for wood in the building and construction sectors. Wood, used as a raw material for diverse purposes including construction activities, can be efficiently and accurately cut using circular saw blades. These blades are indispensable for the building and construction sectors, allowing precise shaping, and sizing of materials, especially wood and wood-related products, in order to satisfy construction needs. In September 2022, the Department of Agriculture, Fisheries and Forestry (ABARES), an organization based in Australia, projected that the global consumption of roundwood would surge by roughly 10% to 2.2 billion cubic meters by 2030. Consequently, as the demand for wood in the building and construction sectors amplifies, so does the circular saw blades market.
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What Are the Key Trends Driving Circular Saw Blades Market Growth?
The circular saw blade market is seeing a trending surge in technological enhancements. The key players in the circular saw blade industry are prioritizing these technological advancements to satisfy customer demands and maintain their market standings. For example, in August 2022, LENOX tools, a company of Stanley Black & Decker based in India, unveiled its WAVE EDGE technology, representing a new innovation in the form and design of reciprocating saw blades. This new technology improves the cutting process and rakes in smoother outcomes with the saw. In addition to this, the company introduced other products, including METALWOLF.
What Are the Emerging Segments in the Circular Saw Blades Market?
The circular saw bladesmarket 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 Global Leaders in the Circular Saw Blades Market?
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.
Which are the Top Profitable Regional Markets for the Circular Saw Blades Industry?
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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