According to the latest report by IMARC Group, titled, “Saw Blades Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, The global saw blades market size reached a value of 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.
A saw blade refers to a cutting tool designed to modify the shape of hard materials, such as granite, marble, metal, wood, concrete, etc. Some of the commonly used variants include hand saw blades, straight saw blades, circular saw blades, band saw blades and chainsaw blades, with distinct tooth configurations to attain desired cuts. Saw blades are usually coated with titanium, zirconium, or chrome, that are manufactured by physical vapor deposition for improved tooth durability, performance, and cut piece quality. Owing to these factors, saw blades are widely used across the automotive, furniture, mining, and construction industries.
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.
The expanding furniture manufacturing sector, along with the rising number of construction, remodeling, and renovation activities, is primarily driving the demand for saw blades. Furthermore, several advancements have led to the introduction of automatic table saws integrated with monitors and sensors to avert accidents. Several manufacturers are increasingly investing in creating advanced products with longer operational life and enhanced precision to reduce wear and tear. Moreover, the rising adoption of power saws in the automotive industry to cut metal or rubber parts for the vehicle’s body, door seams, and seat frames will continue to drive the market growth in the coming years.
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Global Saw Blades Market 2022-2027 Analysis and Segmentation:
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.
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)
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Key highlights of the report:
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
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