PUBLISHER: The Business Research Company | PRODUCT CODE: 1427751
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427751
Circular saw blades are cutting tools explicitly designed for use with circular saws, featuring a flat, circular disc with teeth along the edge for cutting through various materials such as wood, metal, plastic, or stone. These blades come in different sizes and configurations to cater to specific cutting tasks.
The primary types of circular saw blades include carbide saw blades, diamond saw blades, and others. Diamond saw blades are specifically engineered for cutting hard and abrasive materials such as concrete, brick, tile, and stone. These blades are available in various diameters, including 5-1/2 inches, 7-1/4 inches, and others, to accommodate different cutting applications. Circular saw blades find applications in tasks such as cutting wood and wood-based materials, metal materials, and stone.
The circular saw blades market research report is one of a series of new reports from The Business Research Company that provides circular saw blades market statistics, including circular saw blades industry global market size, regional shares, competitors with a circular saw blades market share, detailed circular saw blades market segments, market trends and opportunities, and any further data you may need to thrive in the circular saw blades industry. This circular saw blades market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The circular saw blades market size has grown steadily in recent years. It will grow from $10.21 billion in 2023 to $10.49 billion in 2024 at a compound annual growth rate (CAGR) of 2.8%. The growth observed in the historical period can be attributed to several factors, including the expansion of the construction and woodworking industries, the effects of industrialization and urbanization, the introduction of specialized blades catering to specific needs, the increased adoption of power tools in various applications, and the globalization of manufacturing processes. These factors collectively contributed to the demand and growth of circular saw blades during the historic period.
The circular saw blades market size is expected to see strong growth in the next few years. It will grow to $13.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for sustainable materials, the rise of smart manufacturing practices, a growing emphasis on safety features in cutting tools, and a focus on developing lightweight and ergonomic designs. Key trends in the forecast period include the integration of Internet of Things (IoT) technologies in cutting tools, continuous product innovations, collaborations and partnerships within the industry, and a trend towards customization and specialization to meet specific user needs. These trends collectively contribute to the evolving landscape of circular saw blades and cutting tools in the forecasted period.
The growth of the circular saw blades market is expected to surge due to the heightened demand for wood in the building and construction sectors. Wood serves as a fundamental raw material utilized across various construction activities. Circular saw blades, renowned for their precise and efficient wood-cutting capabilities, play a crucial role in shaping and sizing materials required for construction purposes. As highlighted by the Department of Agriculture, Fisheries, and Forestry (ABARES) in September 2022, global roundwood consumption is projected to climb by approximately 10% to reach 2.2 billion cubic meters by 2030. This upsurge in wood demand within the building and construction industries significantly propels the circular saw blades market.
The circular saw blades market anticipates considerable growth fueled by the momentum of rapid industrialization. This surge refers to the transformation of manufacturing processes dominating national or regional economies. Notably, each industrial revolution has heavily relied upon the evolution of cutting tools and material removal technology. The expansive global expansion of construction undertakings, encompassing residential, commercial, and infrastructure projects, fuels the demand for circular saw blades used in cutting various materials such as wood, metal, and concrete. A report by Towards Data Science in February 2020 emphasized that owing to the fourth industrial revolution, the GDP is forecasted to surpass $90 trillion by 2025. Moreover, the shift toward urbanization is expected, with two-thirds of the world's population residing in cities by 2050. As a result, smart cities industrialization becomes pivotal, with anticipated substantial productivity improvements, direct contributions, and indirect contributions amounting to $3.2 trillion, $2.5 trillion, and $866 billion respectively, by 2028. Hence, rapid industrialization emerges as a driving force behind the circular saw blades market's growth.
The circular saw blade market is witnessing a significant trend centered around technological advancements. Major players within this market are placing a strong emphasis on technological innovations to both meet escalating demand and uphold their market standing. In August 2022, LENOX tools, a Stanley Black & Decker company operating from India, unveiled the WAVE EDGE technology for reciprocating saw blades. This pioneering technology introduces a novel tooth form and design, significantly enhancing the cutting process to yield smoother outcomes when using the saw. Furthermore, the company expanded its product line to include METALWOLF, highlighting their dedication to offering cutting-edge solutions.
Enterprises within the circular saw blades market are rolling out innovative products designed to deliver superior precision and quality cutting tools, aiming to secure a competitive edge in the market. Notably, Bahco, a France-based leader in the hand tool industry, unveiled the Trimetal Bandsaw Blade in May 2022, marking a pivotal innovation in the bandsaw blade sector. Termed as the 3859 Easy-Cut Xtreme Trimetal Bandsaw Blade, this product revolutionizes cutting experiences by enabling easier, wider-ranging, and faster cuts while ensuring an extended blade lifespan. Capable of handling an extensive array of materials encompassing structural and mild steels, stainless steels, cast iron, and high alloys, the Trimetal Bandsaw Blade epitomizes Bahco's commitment to elevating bandsaw blade technology. This launch underscores Bahco's dedication to innovation, aligning with the evolving demands of the industry.
In December 2021, the US-based manufacturing company Stanley Black & Decker Inc. successfully acquired Excel Industries Inc. for $375 million. This strategic acquisition is aimed at reinforcing and expanding Stanley Black & Decker Inc.'s commercial equipment product offerings, particularly in the realm of circular blades, within the market. Excel Industries Inc., based in the US, is a manufacturing company specializing in the production of saw blades and commercial as well as residential turf equipment.
Major companies operating in the circular saw blades market report are 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.
North America was the largest region in the circular saw blades market in 2023. 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.
The countries covered in the circular saw blades market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The circular saw blades market consists of sales of rip-cut circular saw blades, cross-cut teeth circular saw blades and combination circular saw blades. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Circular Saw Blades Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on circular saw blades market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for circular saw blades ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The circular saw blades market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.