Circular Saw Blade Market Size, Share, and Trends 2024 to 2034

Circular Saw Blade Market Size and Forecast 2024 to 2034

The global circular saw blade market size accounted for USD 11.55 billion in 2024 and is expected to be worth around USD 17.77 billion by 2034, at a CAGR of 4.4% from 2024 to 2034. The automotive industry makes extensive usage of circular saw blades for cutting metals and for shaping the car, engine body, and wheels which is fueling the growth of the global industry.

Circular Saw Blade Market Key Takeaways

• North America led the global market with the highest market share of 33% in 2023.
• By Type, the carbide saw blades segment has held the biggest revenue share in 2023.
• By Application, the stone-cutting segment held the highest market share in 2023.

U.S. Circular Saw Blade Market Size and Growth 2024 to 2034

The U.S. circular saw blade market size was estimated at USD 2.56 billion in 2023 and is predicted to be worth around USD 4.20 billion by 2034, at a CAGR of 4.6% from 2024 to 2034.

The research report covers key trends and prospects of circular saw blade products across different geographical regions including North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Geographically, circular saw blade market is captured by North America owing to growing demand for circular blades in the automotive and construction sectors of the region, especially in the U.S. and Canada of the region. Asia Pacific is expected to register the fast growth rate, on account of huge investment by automotive market players and growing construction sector. Also, increasing demand for the furniture in the Asian countries and rapid industrialization in the emerging economies of Asia Pacific are other factors anticipated to propel growth of the target industry in the countries of region.

Market Overview

Increasing adoption of circular saw blade for the various emerging applications is estimated to create gainful growth opportunities for the key companies functioning in the global circular saw blade market. Emerging economies across the globe are focusing on the technological development of circular saw blade in order to enhance position in the global industry. For instance, LENOX a leading key player in the global industry new innovative blades including reciprocating saw blades of demolition CT, lazer CT, and carbide tipped hole saws, in 2019. Also, the same company launched range of jig saw blades in 2018. Additionally, in the developed countries like United States and Canada, growth in the adoption of electrical vehicles and growing automotive sector are boosting adoption of circular saw blade which is augmenting growth of the target industry. Also, emerging countries across the globe are focusing on increasing circular saw blade production in order to cater the increasing global demand of the circular saw blade. This trend is expected to continue and will enhance growth of the global industry in the near future.

Circular Saw Blade Market Growth Factors

• Key players operating in the global industry are focusing on the launches of the advanced products which is propelling the target industry market
• Growing demand for the circular saw blade from construction industry
• Increasing applications of the circular saw blade for various endues purposes

Market Scope

Type Insights

The carbide saw blades product segment is expected to dominate in terms of revenue over the forecast time frame. The growth is attributed to the growing demand carbide saw blades in automotive and furniture industries across the globe. Diamond saw blades segment will expand at a significant CAGR during the forecast time-frame.

Application Insights

The stone cutting segment is expected to dominate in terms of revenue over the forecast time frame. The growth is attributed to increasing demand for circular blades for stone cutting in construction applications across the globe. Differed types of stones including marble, granite, sandstone, quartzite & slate, etc. are widely used in the various construction activities across the globe. Natural stone or sand stone are the most widely adopted for flooring, front elevation or decoration of outer walls, kitchen slabs, toilets, and various in house constructions. Artistic use of stones not only increases the beauty of the construction but also reduces the cost of construction. This is the major factor owing to which the circular saw blades are extensively used for the stone cuttings.

Circular Saw Blade Market Companies

• STARK SpA
• Tangshan Metallurgical Saw Blade
• General Saw
• Lenox
• HUANGHE WHIRLWIND
• BOSUN
• Kinkelder
• KANEFUSA
• PILANA
• Diamond Products
• Wagen(Ferrotec)
• AKE
• Leuco
• Skiltools(Bosch)
• EHWA
• Fengtai
• XMFTOOL
• XINGSHUO
• Freud
• Dimar

Recent Developments

• Kinkelder, a leading company in the global industry has introduced their new product master series saw blades for the end use application, in 2016
• Additionally, Kinkelder also extended its TCT Champion saw blades used for the tube cutting in 2017.
• Further in the year 2018, new products were launched core drill motor which is hand made by the diamond products in order to strengthen market position

Major Market Segments Covered

By Type

• Carbide Saw Blades
• Diamond Saw Blades
• Others

By Application

• Metal Materials Cutting
• Stone Cutting
• Wood and Wood-based Materials Cutting

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa