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NEW YORK , July 13, 2022 /PRNewswire/ -- Global Saw Blades Market: Overview Circle Shear Blades
The global saw blades market is forecasted to grow by USD 865.15 million , accelerating at a CAGR of 5.74% between 2021 and 2026. Technavio segments the market by product (stone cutting saw blades, circular saw blades, band saw blades, chain saw blades, and others) and geography (Europe , APAC, North America , Middle East and Africa , and South America ). The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
Key points covered in the saw blades market study:
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Saw Blades Market: Growth Opportunities
Developing countries such as China , India , Vietnam , and Japan are emerging as global manufacturing for consumer electronics and pharmaceutical industries. Many global brands are expanding their presence in these countries by setting up manufacturing plants. For instance, in April 2022 , American multinational tech Apple Inc started manufacturing the iPhone 13 locally in India at a Foxconn plant near Chennai . Such developments are expected to create significant growth opportunities for vendors operating in the market during the forecast period.
Technavio categorizes the global saw blades market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.
The market is primarily driven by the increasing demand for automobiles. Factors such as rising disposable incomes and changing lifestyles of consumers have led to an increase in the demand for new, fuel-efficient, and technologically advanced cars. In addition, countries across the world are encouraging the adoption of electric vehicles and are investing in electric vehicle infrastructural development by increasing the number of charging stations. All these factors are increasing the sales of new vehicles. Saw blades are extensively used in the automobile industry for cutting metals or rubber and shaping the vehicle engine body or wheels. Thus, with the increasing sales of automobiles, the demand for saw blades is expected to increase over the forecast period.
The full report provides information on other drivers, trends, and challenges that are impacting the growth of the market.
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Saw Blades Market: Europe to Dominate with 41% Global Market Share
The market growth in the region is mainly driven by the rise in construction activities in Europe . The increasing rate of immigration is resulting in rapid urbanization in Europe . The rising pressure to accommodate the growing urban population in fast-growing cities such as London , Barcelona , Amsterdam , and Paris is necessitating the construction of residential and commercial spaces. These factors are increasing the demand for aesthetically appealing luxury furniture made of good-quality wood, thereby driving the growth of the regional market.
Saw Blades Market: Stone cutting blades segment to generate maximum revenue
Stone-cutting saw blades are extensively used in the cutting and shaping of thick materials like granite, marble, sandstone, concrete, ceramic tiles, glass, and hard stone. With the growth of the global construction industry, the demand for these blades will increase considerably during the forecast period.
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Saw Blades Market: Featured Companies
The global saw blades market is characterized by the presence of many global and regional players. The global vendors focus on parameters like smooth and precise cuts, longer blade life, and minimum wear and tear during production. On the other hand, regional players have a low focus on these parameters in order to cater to price-sensitive customers. They compromise on the quality of raw materials such as steel and aluminum used to manufacture saw blades. However, they have an advantage over global players in terms of the availability of raw materials and control over product price. They are also trying to build strong distribution systems and supply chains that will help them gain an edge in the market in the coming years.
Some of the key players in the saw blades market include:
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Accelerate at a CAGR of 5.74%
Europe, APAC, North America, Middle East and Africa, and South America
US, China, Japan, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
AKE Knebel GmbH and Co. KG, AMADA Co. Ltd., Continental Machines Inc., DIMAR GROUP, Freud America Inc., Illinois Tool Works Inc., Ingersoll Rand Inc., J.N. Eberle and Cie. GmbH, Kinkelder BV, Leitz GmbH and Co. KG, LEUCO AG, Makita USA Inc., Pilana Metal Sro, ROTHENBERGER Werkzeuge GmbH, Simonds International LLC, Snap On Inc., Stanley Black and Decker Inc., Stark Spa, The M. K. Morse Co., and Tyrolit Schleifmittelwerke Swarovski KG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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