Circular Saw Blade Market Forecast 2023 - 2030

Report ID : CBI_1020 |  Category : Machinery and Equipment   | Published Date:     |  Format :   ms word  ms Excel  PDF

Segments Covered :
By Type Crosscut Saw Blades, Ripping Saw Blades, Combination Saw Blades, Diamond Saw Blade, and Others
By Blade Diameter 5-1/2 Inches, 7-1/4 Inches, and Others
By Application Wood Cutting, Metal Cutting, Steel Cutting, Stone Cutting, and Others
By Region North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Snapshots :
Base Year: 2022
CAGR: 4.5%
Forecast Year: 2023 - 2030
Revenue 2022: $10,340.99 Mn
Revenue 2030: $14,597.78 Mn

Circular Saw Blade Market Forecast 2023 - 2030

Market Overview :

Consegic Business Intelligence analyzes that the circular saw blade market is growing with a CAGR of 4.5% during the forecast period (2023-2030), and the market is projected to be valued at USD 14,597.78 Million by 2030 from USD 10,340.99 million in 2022.

Market Definition :

Circular saw blades is a type of circular discs that are capable to cut a wide range of materials using a spinning motion. Such types of blades are fitted in power saws that are further utilized to cut various materials such as wood, plastics, and among others. Circular saw blades are commercialized in several types, such as crosscut, rip blades, combination, and specialty blades. Circular saw blades is ideal for a wide range of applications in various end-use industries such as automobiles, wood, and furniture manufacturing, among others. For instance, in the furniture manufacturing industry, circular saw blades are deployed to provide shape and thickness to different products such as sofas, tables, chairs, and wardrobes among others.

Circular Saw Blade Market :

Circular Saw Blade Market

Get More Information

Download Sample Report
 

Market Dynamics :

Circular Saw Blade Market Dynamics

Drivers :

  • Growing furniture industry has accelerated the demand for circular saw blades.

    Circular saw blade are widely used for cutting the edge flattened parts of the wood in appropriate sizes and dimensions to manufacture various types of furniture products. The growing application of circular saw blade in the furniture manufacturing industry is driving the market growth. For instance, Bosch Limited, headquartered in Germany, offers an optiline wood circular saw blade that gives precise quality cuts for softwoods as well as for hardwoods. The rising remodelling, and construction activities especially in growing economies such as India and China are contributing to the growth of the market. For instance, according to the report published by Invest India, the construction industry in India is projected to reach USD 1.4 trillion by 2025. Hence, the rising home renovation and decoration activities across the globe are propelling the circular saw blade market growth.

  • Increasing demand for power saws in the automobile industry

    A circular saw blade is a versatile tool that is deployed in a variety of ways in the automobile industry, from cutting metal sheets to shaping engine components. The market growth is attributed to the extensive application of circular saw blades due to the high rotational speed that results in enhanced cutting. In the automotive industry, circular saw blades are used to cut metal sheets in different shapes and sizes that are useful for body panels and other components. Additionally, saw blades with special cutting edges are used to cut brake discs in various sizes in order to ensure the correct shape and size. Therefore, increasing demand for power saw tools to cut and give accurate shape to various components of the vehicle is propelling the market growth.

Restraint :

  • Lack of skilled laborers to operate power tools

    Operating circular saw blades requires a certain level of skills such as cutting technique, materials knowledge, and safety awareness leading to the need for skilled laborers to control the tools and use them safely and effectively. Hence, the lack of skilled laborers to operate power tools including circular saw tools effectively and without any damage is likely to hamper the market growth.

Opportunities :

  • Rise in technological advancements of power tools

    The integration of technology such as monitors and sensors to reduce fatal accidents and improve the efficiency of power tools is anticipated to present a significant opportunity for the key players operating in the circular saw blade market. The rise in advancements is urging manufacturers to build saw blades that have more operational life and high-quality saw blades that are capable to cut complex designs in lesser time. For instance, IBCHE Corporation Co., Ltd headquartered at South Korea, offers IC-1M (Cold Saw Blade) that features special tooth geometry and ensures longer tool life with improved surface quality. Therefore, the rising need for advanced power tools to cut through complex designs is anticipated to propel the market growth over the forecast period.

 

Circular Saw Blade Market Report Coverage:

Report Attributes Report Details
Study Timeline 2017-2030
Market Size in 2030 (USD Million) USD 14,597.78 Million
CAGR (2023-2030) 4.5%
By Type Crosscut Saw Blades, Ripping Saw Blades, Combination Saw Blades, Diamond Saw Blade, and Others
By Blade Diameter 5-1/2 Inches, 7-1/4 Inches, and Others
By Application Wood Cutting, Metal Cutting, Steel Cutting, Stone Cutting, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
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

Get More Information

Download Sample Report
 

Market Segmentation :

By Type :

The type segment is categorized into crosscut saw blades, ripping saw blades, combination saw blades, diamond saw blade, and others. In 2022, the combination saw segment accounted for the highest market share in the circular saw blade market. The ability of combination blades to provide effective chip clearance and deep cuts without frequent blade change is expected to drive the demand for combination saw blades. In addition, the combination blades offer integration of rip and crosscuts with large gullets that are deployed to cut plastics, metals, and wood effectively. For instance, Dimar Tooling, headquartered at Germany, offers a Combination Multipurpose Cut Saw Blade, that is used to cut plastics, solid surface materials, and aluminum composites. Therefore, the rising demand for these tools due to their high operational life and efficiency is contributing to segment growth.

Furthermore, the crosscut saw blades segment is expected to register the fastest CAGR over the forecast period. The capability of crosscut blades to make the cutting process easier owing to the kerfed teeth present in blades that give a smooth, safe, and clean finish is anticipated increase the demand for crosscut saw blades. The rising need for functional saw blades from various end-use industries such as automotive and construction to get a smoother cut finish is expected to drive market growth over the forecast period.

By Blade Diameter :

The blade diameter segment is categorized as 5-1/2 inches, 7-1/4 inches, and others. In 2022, the 7-1/4 inches segment accounted for the highest share of 52.45% in the circular saw market in 2022. The wide adoption of circular saw blade consisting blades of 7-1/4 diameter to cut thick plywood, iron plates lumbers, among others is driving the demand for such blades in the wood and metal industry. For instance, M. K. Morse, a global manufacturer of saw blades and power tool accessories, offers 14" CSM14MB that has a 7-1/4 blade diameter for wood and metal cutting purposes. Therefore, the rising adoption of such blades to attain high functionality is further required by various end use industries such as building & construction, metal, and wood is propelling the market growth.

However, the 5-1/2 segment is expected to witness the fastest CAGR in the circular saw blade market over the forecast period. The extensive application of circular saw blade of 5-1/2 diameter due to the small size and ability to put less stress on the saw motor is anticipated to drive the demand for such blades in complex cutting applications including aesthetic furniture. Hence, the rising furniture industry due to increasing remodeling and renovation activities is projected to drive the segment growth.

Global Circular Saw Blade Market, By End User, 2022

Get More Information

Download Sample Report

By Application :

The application segment is categorized into wood cutting, metal cutting, steel cutting, stone cutting, and others. In 2022, the wood cutting segment held the highest market share. The increasing home renovation and remodeling activities to revamp the space and make them more functional and beautiful is driving the growth of the wood industry that proliferates the demand for circular saw blade. For instance, according to the report published by Forest Research, in UK, the wood products imported in 2021 were valued at USD 10.7 billion. Therefore, the rising consumption of wood in various end use industries such as furniture and building & construction is contributing to the segment growth.

However, the metal cutting segment is expected to witness the fastest CAGR in the circular saw blade market during the forecast period, owing to the growing automotive industry. In addition, the shifting trend for the adoption of electric vehicles is anticipated to surge the demand for circular saw blades in the automotive industry, in turn, accelerating the segment growth.

By Region :

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

 
Asia Pacific Circular Saw Blade Market Size, 2022 (USD Million)

Regional Growth Insights

Download Sample Report

In 2022, North America accounted for the highest market share at 39.75% and was valued at USD 4,110.55 million, and is expected to reach USD 5,823.05 million in 2030. In North America, the U.S. accounted for the highest market share of 67.05% during the base year of 2022. The presence of various major manufacturers in the region such as Simonds International, M.K. Morse, and Stanley Black & Decker, among others, is expected to drive the revenue growth of the circular saw blade market in the region. In addition, the growing automotive and construction industries is another significant factor propelling the market growth.

However, Asia Pacific is expected to register the fastest CAGR in the market during the forecast period. The increasing investments in the automotive sector due to the growing demand of automobiles in the region is expected to surge the need for circular saw blade. For instance, in April 2023, Volkswagen invested USD 1.1 billion in the electric car business and development center in China. Additionally, the growing construction industry owing to the significant rise in commercial and residential infrastructure is expected to propel the circular saw blades market.

Asia Pacific Circular Saw Blade Market, By Countries (2022)

Details Countries Growth Insights

Download Sample Report
 

Circular Saw Blade Market Competitive Landscape:

The circular saw blade market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include -

Recent Developments :

  • In August 2022, LENOX, a Stanley Black & Decker brand introduced WAVE EDGE that is a reciprocating saw technology. The WAVE EDGE technology offers a new tooth form and design to enhance the cutting process and give smoother results.
  • In September 2021, Stanley Black & Decker Inc. acquired Excel Industries that is a manufacturer of residential and commercial turf-care equipment.
 

Frequently Asked Question

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 automotive industry is serving as the major driver of the circular saw blade market.

What is the dominating segment in the circular saw blade market by type?+

In 2022, the combination saw blades segment accounted for the highest market share 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.