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May 17, 2023
Key Players 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 Immediate Delivery Available, Buy Now @ https://www.consegicbusinessintelligence.com/secure-checkout/1020 Key Market Takeaways The global circular saw blade market size is estimated to exceed USD 14,597.78 million by 2030 with an astonishing CAGR of 4.5% during the forecast period (2023-2030). Based on type, the combination saw blades segment accounted for the highest share contribution to the circular saw blade market statistics in 2022. Based on blade diameter, the 5-1/2 segment is expected to witness the fastest CAGR in the circular saw blade market statistics during the forecast period. By application, the metal cutting segment is expected to witness the fastest CAGR in the circular saw blade market during the forecast period. Asia Pacific is expected to register the fastest CAGR over the forecast period, due to the growing automobile industry in the region. Global Circular Saw Blade Market Segmentation Details: Based on Type, the combination saw blades segment dominated the circular saw blade market in 2022. Combination saw blades are the most commonly utilized blades as these are multipurpose blades that could be used for ripping and cross cutting. The blades are widely used for hardwoods, softwoods, veneers, and plywood. For instance, Dimar Tooling, a global cutting tools group, offers Combination Multipurpose Cut Saw Blade that could be used for plastics, solid surface materials, and aluminum composites. The rising demand for these blades due to their versatile and efficient nature is contributing to the growth of the circular saw blade market. Based on Blade Diameter, in 2022, the 7-1/4 inches segment held the highest market share in terms of revenue. Various circular saw blades accept blades of 7-1/4 diameter as these blades can cut three-fourth inch thick plywood and lumber. For instance, M. K. Morse, headquartered in the U.S., offers 14" CSM14MB that has a 7-1/4 blade diameter for wood and metal cutting purposes. Therefore, the above-mentioned factors contributed to the growth of the circular saw blade market. Based on Application, the wood-cutting segment held the highest market share of the circular saw blade market. The wide range of applications of wood in various end-use industries such as construction and furniture manufacturing is increasing the demand for circular saw blades to cut wood effectively and efficiently. Therefore, the growing wood industry due to increasing home renovation and remodeling projects across the globe is driving market growth. Based on Region, in the year 2022, Asia Pacific is expected to register the fastest CAGR of 5.7% in the market during the forecast period. The rising infrastructure along with the wood industry is expected to boost the circular saw blade market in the region. Additionally, the growing automotive industry owing to technological advancements such as the development of electric vehicles is anticipated to propel the market growth in the region. Request for Customization @ https://www.consegicbusinessintelligence.com/request-customization/1020 Competitive Landscape Bosch Limited, AKE Knebel GmBH, Dimar Tooling, and AMADA CO., LTD. are major market players that comprise the latest market circumstances. These companies are continuously leveraging new technologies such as advanced equipment to develop innovative solutions that are more efficient, lightweight, and cost-effective as compared to conventional equipment. Further, the circular saw blade market is expected to grow steadily due to rising demand from the building and construction industry, especially in the Asia Pacific, North America, and Europe regions are estimated to boost the market statistics in the coming years. Additionally, the trend towards increasing adoption of circular saw blade to ensure safety is also estimated to drive demand for circular saw blade that is anticipated to increase the competition in the market. Recent Developments In August 2021, Stanley Black & Decker announced the acquisition of 80% partnership stake in Mtd Holdings Inc, an outdoor power equipment company. The acquisition includes Troy-Bilt and Cub Cadet for USD 1.6 billion. In May 2020, DGI acquired assets of Production Tool & Supply (PT&S), Rockford, IL. Through this acquisition, PT&S will operate under DGI with the same name for their customers. List of Major Global Circular Saw Blade Market: Bosch Limited What was the market size of the circular saw blade industry in 2022? - In 2022, the market size of circular saw blade was USD 10,340.99 million What will be the potential market valuation for the Circular Saw Blade industry by 2030? - In 2030, the market size of circular saw blade will be expected to reach USD 14,597.78 million. What are the key factors driving the growth of the circular saw blade market? -Increasing demand for power saws from the automobile industry is serving as the major driver for the circular saw blade market. What is the dominating segment in the circular saw blade market by blade diameter? -In 2022, the 7-1/4 segment accounted for the highest market share of 52.45% in the overall circular saw blade market. Based on current market trends and future predictions, which geographical region will have the fastest impact on the Circular Saw Blade market's growth in the coming years? - Asia Pacific is expected to be the fastest-growing region in the market during the forecast period. Our Other Research Reports here:-