Global Circular Saw Blade Market growing at a CAGR of 4.5% from 2023 to 2030
Category : Machinery and Equipment | Published Date : May 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyses that the circular saw blade market is predicted to grow at a compound annual growth rate of 4.5% from 2023 to 2030 and is expected to reach USD 14,597.78 Million in 2030 which was valued at USD 10,340.99 Million in 2022.
The report highlights the increasing demand for circular saw blades by various end-use industries such as automobiles, buildings & construction, and others. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Circular Saw Blade market.
Global Circular Saw Blade Market By Overview
The circular saw blade market is bifurcated into type, blade diameter, and application. Based on type, the crosscut saw blades, ripping saw blades, combination saw blades, diamond saw blade, and others, in 2022, the combination saw blades segment dominated the overall circular saw blade market. The blade diameter segment is categorized into 5-1/2 inches, 7-1/4 inches, and others. In 2022, the 7-1/4 inches segment accounted for the highest market share in the circular saw blade market. The application segment is categorized into wood cutting, metal cutting, steel cutting, stone cutting, and others. In 2022, the wood cutting application segment accounted for the highest market share in the circular saw blade market.
Get Free SampleMarket Dynamics
Driver:
- The rising demand for circular saw blades for a range of applications in the automobile industry is driving the circular saw blade market growth.
- Circular saw blade are widely used for cutting the edge flattened parts of the wood in appropriate sizes and dimensions to make various furniture of different shapes and sizes. The growing application of circular saw blade in the furniture manufacturing industry is driving market growth.
Restraints:
- The lack of skilled laborers to operate power tools effectively and without any damage is likely to hamper the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Crosscut Saw Blades, Ripping Saw Blades, Combination Saw Blades, Diamond Saw Blade, and Others |
| By Blade Diameter | 5-1/2 Inches, 7-1/4 Inches, and Others |
| By Application | Wood Cutting, Metal Cutting, Steel Cutting, Stone Cutting, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such Bosch Limited, AKE Knebel GmBH, Dimar Tooling, AMADA CO., LTD have a strong market position in current market circumstances. Further, the Circular Saw Blade market is expected to witness significant growth in coming years due to increasing demand for power tools that are safe and efficient. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in Circular Saw Blade are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Bosch Limited
- AKE Knebel GmBH
- Dimar Tooling
- AMADA CO. LTD.
- LEUCO
- LENOX
- Kinkelder BV
- KANEFUSA CORPORATION
- Stanley Black & Decker
- M. K. Morse
- Simonds International
- DGI Supply
