PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421639
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421639
The global saw blade market size is expected to reach USD 23.17 billion by 2032, according to a new study by Polaris Market Research. The report "Saw Blade Market Share, Size, Trends, Industry Analysis Report, By Product Type (Circular Saw Blades, Band Saw Blades, Chain Saw Blades, Hand Saw Blades, and Others); By Material; By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The continuous rise in consumer disposable income and spending capacity on their lifestyle and living is positively influencing the furniture industry manufacturing industry and boosting the number of home improvement or renovation projects that significantly require saw blades for cutting various metals and materials used in the sectors, are among the leading factors expected to propel the global market growth.
Additionally, several new saw blades containing new and improved capabilities are being launched by leading players operating in the market, and major businesses in the market are adopting several business development strategies to expand their customer base and geographical presence or reach in new regions, which will also fuel the global market growth.
For instance, in April 2023, Husqvarna introduced its new ULTI-GRIT series of diamond blades. It also has flat saw blades that cover a wide application window and offer consistent performance.
There is a rising trend for the adoption and prevalence of machines equipped with innovative state-of-the-art saw blades that can operate for a longer time while increasing the overall output and reducing the operational and production costs across various industries, especially in woodworking and furniture production processes.
In recent years, there has been a significant increase in the development of advanced composite materials and advancements in material technology, which exhibits extensive or superior strength, heat tolerance, and wear resistance, leading to greater cutting efficiency and longevity along with the increase in R&D efforts in the field of material science for introducing new alloy compositions to cater to the need of various cutting applications, are likely to foster global market extensively.
Polaris Market Research has segmented the saw blade market report based on product type, material, application, and region: