The global saw blades market is expected to grow at a CAGR of around 4% during 2021-2026.
Looking forward, the analyst expects the market to grow at a CAGR of around 4% during the forecast period. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor. A saw blade refers to a tool used for cutting and modifying the shape of hard materials, such as marble, granite, wood, metal, stone and concrete. Circular, hand, band, straight and chain saw blades are some of the most commonly used variants that are designed with varying tooth configurations to obtain the desired cut. They are manufactured with toothed edges to facilitate smooth and clean cutting and have coatings of titanium, zirconium or chrome. These coatings are made through physical vapor deposition, which aids in improving tooth durability, performance and quality of the cut piece. As a result, these blades find extensive application across various industrial sectors, such as automotive, furniture, mining and construction.
Saw Blades Market Trends: Significant growth in the furniture manufacturing industry, along with rapid industrialization, is one of the key factors creating a positive impact on the market. Furthermore, increasing construction, remodeling and renovation activities in recent years are providing a thrust to the market growth. Due to the improving standards of living, there is an increasing preference for decorative interiors and furniture, which is contributing to the rising demand for high-quality saw blades that can cut intricate designs and provide a premium finish to the products. Additionally, various technological advancements, such as the development of automatic table saws equipped with monitors and sensors to prevent accidents, are acting as other growth-inducing factors. Product manufacturers are also emphasizing on creating variants with longer operational life and blades with precise cuts for minimal wear and tear. Other factors, including the rising demand for power saws from the automotive industry to cut metal or rubber parts for shaping the vehicle’s body, door seams and seat frames, are anticipated to drive the market further.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global saw blades market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on 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
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being 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.
Key Questions Answered in This Report: How has the global saw blades market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global saw blades market? What are the key regional markets? What is the breakup of the market based on the product type? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global saw blades market and who are the key players? What is the degree of competition in the industry?
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