Circular Saw Blade Market is Anticipated to Witness High Growth Owing to Increased Residential Construction Activities

 

Circular Saw Blade Market Demand 

The circular saw blade market comprises of saw blades made of different materials such as carbon steel, high-speed steel, and carbide that are used in circular saws for applications such as woodcutting, metalcutting, and stonecutting. Circular saw blades offer advantages such as clean cuts, precise angle cuts, adjustable cutting depth, and versatility. With rise in residential construction and renovation projects globally, the demand for saw blades from woodworking applications has increased substantially.

The Global circular saw blade market is estimated to be valued at US$ 17.12 Bn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the circular saw blade market are AKE Knebel GmbH & Co. KG, AMADA Holdings Co., Bosun, Dimar Tooling, Freud America Inc., Illinois Tool Works Inc., Ingersoll Rand Inc., Kinkelder B.V., Ledermann GmbH & Co. KG, Leuco Tool Corporation, OSTAR Tools, Pilana Knives A.S., Simonds International LLC, Stanley Black & Decker Inc., and The M K Morse Company. These players are focusing on new product launches and expansion strategies to gain higher market share.

The key opportunities in the Circular Saw Blade Market Demand include growing do-it-yourself (DIY) trend and increasing disposable incomes in developing regions. DIY trend has increased the demand for woodworking power tools and saw blades from retail customers.

North America and Europe dominate the global circular saw blade market. However, Asia Pacific is expected to witness the highest growth during the forecast period owing to growing construction activities, rising urbanization, and increasing investment in industrial development in China, India, and South Asian countries.

Market drivers and restrain

The major driver for circular saw blade market is increased residential construction activities globally. Rapid urbanization has increased the demand for new residential buildings, driving the sales of woodworking tools such as circular saws and blades. According to United Nations, around 68% of the world population is expected to live in urban areas by 2050.

The major restrain for Circular Saw Blade Market size and Trends is availability of alternatives such as band saw blades, tile cutting blades, jigsaw blades etc. for different cutting applications. Moreover, stringent environment protection laws in several countries have increased the cost of manufacturing, restraining the market growth.
Segment Analysis

The circular saw blade market is dominated by the DIY segment which holds around 42% share of the total market. This is because circular saws find widespread applications in cutting wood, plastic and other materials at homes and DIY projects. Within the DIY segment, circular saw blades for wood cutting applications have the largest share due to high demand for wood work for furniture, fencing and other construction activities at homes.

Global Analysis

The North American region holds the largest share of around 35% in the global circular saw blade market owing to high number of DIY and home improvement activities. United States has the highest usage of power tools including circular saws for woodworking, which drives the circular saw blade demand. Europe is the second largest market and is expected to witness steady growth between 2024-2031. Countries like Germany, United Kingdom and Italy have strong presence of furniture and construction industries which boost the circular saw blade consumption. Asia Pacific region is projected to emerge as the fastest growing market during the forecast period with China and India leading the demand.

Get More Insights on- Circular Saw Blade Market

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About Author:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

 

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