Circular Saw Blades Market Growth Analysis (2023-2028)

Market Insights

"The global circular saw blades market size was estimated at USD 10.12 billion in 2022 and is likely to grow at a CAGR of 3.96% during 2023-2028 to reach USD 12.85 billion in 2028."

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A circular saw is a power saw that includes abrasive blade or disc to cut different materials using a rotary motion spinning around an arbor. It is used to cut different materials such as masonry, plastic, metal and wood. Based on product type, a circular saw blade can be categorized as carbide saw blades, diamond saw blades and others.

Market Dynamics

Market Drivers

Growing demand for the metal from the major end-use industries such as automotive, aerospace & defense, and building & construction is likely to propel the market growth at a significant rate during the review period.

• The growth of the circular saw blades market is primarily driven by increasing demand for wood in the furnishing and building & construction industries.
• In addition to this, rising demand for circular saw blades with improved performance and cost-effectiveness is likely to create lucrative opportunities for the players operating in the global market in the coming years.

COVID-19 Impact

The covid-19 outbreak posed significant challenges on the various verticals across geographies. It impacted the growth of the circular saw blades market negatively as the imposition of complete lockdown and restrictions on trade affected the product supply and demand.

Segments' Analysis

Application Trends

"The wood and wood-based materials cutting segment accounted for the largest market share."

The circular saw blades market has been bifurcated into wood and wood-based materials cutting, metal materials cutting, stone cutting and other. Under these, the wood and wood-based materials segment accounted for the largest market share in 2022 and is projected to register significant growth during the review period on account of increasing demand for wood in the furnishing industry.

Regional Insights

"Asia-Pacific accounted for the largest market share."

The market in Asia-Pacific accounted for the largest market share in 2022 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to increasing demand for wood and metal in the end-use industries and presence of key market players such as KANEFUSA CORPORATION (Japan) and Jiangsu Fengtai Tools Co.,Ltd. (China). The market growth in North America region is expected to be driven by established presence of the end-use industries.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Key Players

The following are the key players in the circular saw blades market (arranged alphabetically).

• Diamond Products Limited (The U.S),
• Ehwa Diamond Industrial Co., Ltd. (Japan),
• FERROTEC HOLDINGS CORPORATION (Japan),
• General Saw Corporation (The U.S),
• Huanghe Whirlwind (China),
• Jiangsu Fengtai Tools Co.,Ltd. (China),
• KANEFUSA CORPORATION (Japan),
• Kinkelder B.V. (Netherlands),
• Lenox Corporation (The U.S),
• LEUCO TOOL Corporation (The U.S),
• Skiltools (The U.S),
• Stark SpA (Italy), and
• Tangshan Metallurgical Saw Blade Co.,Ltd. (China).

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The market is segmented into the following categories.

By Product Type

• Carbide Saw Blades
• Diamond Saw Blades
• Others

By Application Type

• Wood and Wood-based Materials Cutting
• Metal Materials Cutting
• Stone Cutting
• Other

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s circular saw blades market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry: sales@stratviewresearch.com.