Global Saw Blades Market

Saw Blades Market Size, Share, Growth Analysis, By Type(Carbide Saw Blades, Diamond Saw Blades, and Others), By Product(Circular Saw, Band Saw, Chain Saw, Hand Saw), By Application(Wood Cutting, Metal Cutting, Stone Cutting, and Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15F2179 | Region: Global | Published Date: March, 2024
Pages: 157 | Tables: 93 | Figures: 75

Saw Blades Market Dynamics


  • Increase in Automotive Demand Is One of the Factors Driving the Growth of Saw Blades

Saw blades are commonly used in the automotive industry to cut metal and rubber, and to shape car or engine bodies or wheels. On the other hand, electric cars were gaining popularity through technological innovation. For example, the United States is expected to be a global leader in next-generation automotive technology. With economic incentives and R&D support, the country is confident of reducing reliance on petroleum products for transportation, and the future of electric vehicles (EV) looks promising. Such a growing trend of electric vehicles will drive the market growth of saw blades during the forecast period.

Advances in Physical Technology

  • Nowadays, increasing advancement in physical technology is driving the demand for saw blades. In addition to this, there has been an increase in advanced composite materials which exhibit good strength, resistance and thermal stability. These materials are being combined in the manufacture of saw blades to improve cutting efficiency and durability. In addition, ongoing R&D efforts in materials science continue to provide new alloy structures and surface coatings specifically designed to meet the needs of various cutting applications. Current focus is on improving microstructure and hardness quality in saw blade materials helps increase accuracy, reduce wear and extend service life.


  • Volatility in Raw Material Prices

Basic ferrous raw materials such as iron, steel, and others have experienced significant price fluctuations. For example, in 2020, the prices of metals and precious stones rose sharply due to the COVID-19 pandemic. Steel prices rose 25% in the first quarter of 2021 compared to a year ago, mainly due to relentless Chinese demand. Additionally, raw material prices have reached a point where they are influencing raw material suppliers to pass the increased costs on to their downstream businesses. This will hamper the growth of the sawblades market during the forecast period.


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Saw Blades Market size was valued at USD 14.61 billion in 2022 and is poised to grow from USD 15.3 billion in 2023 to USD 22.09 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).

The competitive environment of the Saw Blades market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The saw blades market competitive landscape provides detailed information by competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority. '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.'

Increase in Automotive Demand Is One of the Factors Driving the Growth of Saw Blades

LENOX announced the launch of its technology breakthrough product Gen-Tech, an all-new strategic carbide tipped band saw blade that offers high throughput and long blade life, to cut materials shapes, shapes and sizes offering low cost per cut. Some other advances in saw blades include cubic boron nitride (CBN) coatings on band saw blades, CBN capable of cutting 3D hardened alloys and hardened ferrous materials up to 70 high cleavage capacity (HRC). The hardness hardly changes above 1,000°C. Thus, such innovations in the market will fuel the growth of the market during the forecast period.

North America is expected to exhibit the highest growth during the forecast period owing to the growth in residential & commercial applications. Leading manufacturers have also focused on diversifying their product offerings for different applications. Bosch Limited, for example, is a specialist manufacturer of high-performance round shafts in timber. Their products are manufactured from highly durable carbide grains for high durability with microtech teeth and feature ATB (optional top bevel) tooth geometry Protection coating prevents corrosion & reduces friction, and anti-vibration for cutting a smooth with minimal noise Slots and reduced vibration are some of the key factors that make the product easier to use.

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Global Saw Blades Market

Report ID: SQMIG15F2179