Circular Saw Blade Market is driven by increasing construction activities globally
The circular saw blade market deals with manufacturing and sale of circular saw blades that are used primarily in wood cutting equipment like table saws, miter saws, circular saws etc. Circular saw blades are made of materials like carbide, carbon steel and high-speed steel and come in different diameters and tooth patterns suitable for various wood cutting applications. Circular saw blades have teeth arranged in a circular pattern around the outer edge to efficiently cut wood or other materials into various shapes and sizes. They provide clean, accurate and burr-free cuts.
The Global circular saw blade market is estimated to be valued at US$ 17.12 Bn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the circular saw blade market are AKE Knebel GmbH & Co. KG, AMADA Holdings Co., Bosun, Dimar Tooling, Freud America Inc., Illinois Tool Works Inc., Ingersoll Rand Inc., Kinkelder B.V., Ledermann GmbH & Co. KG, Leuco Tool Corporation, OSTAR Tools, Pilana Knives A.S., Simonds International LLC, Stanley Black & Decker Inc., and The M K Morse Company. Key players are focusing on new product launches and expansion strategies to gain a competitive advantage in the market.
The growing Circular Saw Blade Market Demand from the construction industry is a major factor driving the circular saw blade market. Rapid urbanization and infrastructure development projects globally are increasing the demand for circular saw blades from construction companies. Also, the remodeling and renovation activities in the residential sector are contributing to circular saw blade consumption.
The market is witnessing significant growth opportunities in developing regions of Asia Pacific and Middle East & Africa due to the rising construction activities. Key players are expanding their manufacturing and distribution footprint in these high growth emerging economies to capitalize on the opportunity.
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