Circular Saw Blade Market (By Type: Diamond Saw Blades, Carbide Saw Blades, and Others; By Application: Metal Materials Cutting, Wood and Wood-based Materials Cutting, and Stone Cutting) - Global Industry Analysis, Market Size, Share, Growth, Trends, Regional Outlook And Forecasts, 2023 - 2032
The global circular saw blade market was estimated at USD 10.6 billion in 2022 and is projected to surpass USD 15.92 billion by 2032, representing an impressive CAGR of 4.2% during the forecast period 2023 to 2032. 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.
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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.
The U.S. circular saw blade market size was valued at USD 2.42 billion in 2022 and is estimated to reach around USD 3.63 billion by 2032, growing at a CAGR of 4.20% from 2023 to 2032.
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.
COVID-19 Impact on Global Circular Saw Blade Market
Outburst of COVID-19 has impacted on most of the key markets across the globe. COVID-19 is have adverse impact on the target market. North America is the biggest market for the circular saw blade, but to the spread of coronavirus and lockdown situations in U.S. supply and demand for the circular saw blade decreased. Due to COVID-19, supply chain disruption, fluctuations in the raw material supply, insufficient man power in the manufacturing facility and low demand form the end use costumers hampered target industry growth in the developed as well as emerging economies worldwide. However, COVID-19 situation is resolving slowly and most of the industries are started their facilities at full capacity.
Future of Global Circular Saw Blade Market
Key companies of the target industry such as Wagen (Ferrotec) and LENOX, Stanley Black & Decker are focusing in the business growth by adopting strategies such as advanced product launches, capacity expansion, and heavy investments in the production in their facilities that is expected to flourish the global circular saw blade market growth in the near future. This trend is expected to continue and will augment growth of the global circular saw blade industry in the next 10 years. Further, demand from automotive, furniture and construction sectors for circular saw blade are boosting growth of the circular saw blade in the coming years.
Report Highlights | Details |
Market Size in 2023 | USD 10.99 Billion |
Market Size by 2032 | USD 15.92 Billion |
Growth Rate from 2023 to 2032 | CAGR of 4.2% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered | Type, Application |
Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Companies Mentioned | STARK SpA, Tangshan Metallurgical Saw Blade, General Saw, Lenox, HUANGHE WHIRLWIND, BOSUN, Kinkelder, KANEFUSA, PILANA, Diamond Products, Wagen(Ferrotec) |
Carbide Saw Blades segment is projected to dominate the Type Segment of Circular Saw Blade Market Revenue
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.
Stone Cutting Segment Is Anticipated To Dominate the Application Segment of Circular Saw Blade Market By Revenue
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.
The companies focusing on research and development are expected to lead the global circular saw blade market. Leading competitors contending in global circular saw blade market are as follows:
For the better understanding the recent situation of the global market and for most policies of the country, Precedence Research forecast the future evolution of the target industry. This research study offers qualitative and measureable insights on global market and valuation of market size and development trends for global market segments.
Key Market Developments:
Major Market Segments Covered:
By Type
By Application
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Circular Saw Blade Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Circular Saw Blade Market
5.1. Covid-19: Circular Saw Blade Industry Impact
5.2. Circular Saw Blade Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Circular Saw Blade Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Circular Saw Blade Market Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Circular Saw Blade Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Growing demand form furniture, automotive, and construction industries
6.1.1.2. Technological advancements in circular saw blade
6.1.2. Market Restraints
6.1.2.1. Volatility in raw material prices
6.1.3. Market Opportunities
6.1.3.1. Emerging applications
Chapter 7. Global Circular Saw Blade Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Circular Saw Blade Market Revenue by Market Players
7.1.1.2. Circular Saw Blade Market Revenue Market Share by Market Players
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Circular Saw Blade Market, By Type
8.1. Circular Saw BladeMarket, by Type, 2023-2032
8.1.1. Carbide Saw Blades
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Diamond Saw Blades
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Circular Saw Blade Market, By Applications
9.1. Circular Saw Blade Market, by Applications, 2023-2032
9.1.1. Wood and Wood-based Materials Cutting
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.2. Metal Materials Cutting
9.1.2.1. Market Revenue and Forecast (2021-2032)
9.1.3. Stone Cutting
9.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 10. Global Circular Saw Blade Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue Forecast by Type(2021-2032)
10.1.2. Market Revenue Forecast by Application (2021-2032)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2021-2032)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2021-2032)
10.2. Europe
10.2.1. Market Revenue Forecast by Type (2021-2032)
10.2.2. Market Revenue Forecast by Application (2021-2032)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2021-2032)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2021-2032)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2021-2032)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2021-2032)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Type (2021-2032)
10.3.2. Market Revenue Forecast by Application (2021-2032)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2021-2032)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2021-2032)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2021-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2021-2032)
10.4. LATAM
10.4.1. Market Revenue Forecast by Type (2021-2032)
10.4.2. Market Revenue Forecast by Application (2021-2032)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2021-2032)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2021-2032)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Type (2021-2032)
10.5.2. Market Revenue Forecast by Application (2021-2032)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2021-2032)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2021-2032)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2021-2032)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2021-2032)
Chapter 11. Company Profiles
11.1. PILANA
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Price, and Gross Margin
11.1.4. Recent Developments and Strategies
11.2. HUANGHE WHIRLWIND
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Price, and Gross Margin
11.2.4. Recent Developments and Strategies
11.3. KANEFUSA
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Price, and Gross Margin
11.3.4. Recent Developments and Strategies
11.4. STARK SpA
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Price, and Gross Margin
11.4.4. Recent Developments and Strategies
11.5. BOSUN
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Price, and Gross Margin
11.5.4. Recent Developments and Strategies
11.6. AKE
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Price, and Gross Margin
11.6.4. Recent Developments and Strategies
11.7. General Saw
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Price, and Gross Margin
11.7.4. Recent Developments and Strategies
11.8. Leuco
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Price, and Gross Margin
11.8.4. Recent Developments and Strategies
11.9. LEITZ
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Price, and Gross Margin
11.9.4. Recent Developments and Strategies
11.10. Diamond Products
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Price, and Gross Margin
11.10.4. Recent Developments and Strategies
11.11. Skiltools(Bosch)
11.11.1. Company Overview, Business Information, Regional Presence
11.11.2. Product Portfolio Analysis
11.11.2.1. Product Details, Specification, Application
11.11.3. Revenue, Price, and Gross Margin
11.11.4. Recent Developments and Strategies
11.12. EHWA
11.12.1. Company Overview, Business Information, Regional Presence
11.12.2. Product Portfolio Analysis
11.12.2.1. Product Details, Specification, Application
11.12.3. Revenue, Price, and Gross Margin
11.12.4. Recent Developments and Strategies
11.13. Fengtai
11.13.1. Company Overview, Business Information, Regional Presence
11.13.2. Product Portfolio Analysis
11.13.2.1. Product Details, Specification, Application
11.13.3. Revenue, Price, and Gross Margin
11.13.4. Recent Developments and Strategies
11.14. Kinkelder
11.14.1. Company Overview, Business Information, Regional Presence
11.14.2. Product Portfolio Analysis
11.14.2.1. Product Details, Specification, Application
11.14.3. Revenue, Price, and Gross Margin
11.14.4. Recent Developments and Strategies
11.15. Tangshan Metallurgical Saw Blade
11.15.1. Company Overview, Business Information, Regional Presence
11.15.2. Product Portfolio Analysis
11.15.2.1. Product Details, Specification, Application
11.15.3. Revenue, Price, and Gross Margin
11.15.4. Recent Developments and Strategies
11.16. XMFTOOL
11.16.1. Company Overview, Business Information, Regional Presence
11.16.2. Product Portfolio Analysis
11.16.2.1. Product Details, Specification, Application
11.16.3. Revenue, Price, and Gross Margin
11.16.4. Recent Developments and Strategies
11.17. Freud
11.17.1. Company Overview, Business Information, Regional Presence
11.17.2. Product Portfolio Analysis
11.17.2.1. Product Details, Specification, Application
11.17.3. Revenue, Price, and Gross Margin
11.17.4. Recent Developments and Strategies
11.18. Dimar
11.18.1. Company Overview, Business Information, Regional Presence
11.18.2. Product Portfolio Analysis
11.18.2.1. Product Details, Specification, Application
11.18.3. Revenue, Price, and Gross Margin
11.18.4. Recent Developments and Strategies
11.19. XINGSHUO
11.19.1. Company Overview, Business Information, Regional Presence
11.19.2. Product Portfolio Analysis
11.19.2.1. Product Details, Specification, Application
11.19.3. Revenue, Price, and Gross Margin
11.19.4. Recent Developments and Strategies
11.20. Wagen(Ferrotec)
11.20.1. Company Overview, Business Information, Regional Presence
11.20.2. Product Portfolio Analysis
11.20.2.1. Product Details, Specification, Application
11.20.3. Revenue, Price, and Gross Margin
11.20.4. Recent Developments and Strategies
11.21. Lenox
11.21.1. Company Overview, Business Information, Regional Presence
11.21.2. Product Portfolio Analysis
11.21.2.1. Product Details, Specification, Application
11.21.3. Revenue, Price, and Gross Margin
11.21.4. Recent Developments and Strategies
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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