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The saw blades market share is expected to increase to USD 865.15 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.74%.
This saw blades market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers saw blades market segmentation 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 saw blades market report also offers information on several market vendors, including 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 among others.
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The increased demand for automobiles is notably driving the saw blades market growth, although factors such as fluctuations in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the saw blades market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Saw Blades Market Driver
The increased demand for automobiles is one of the factors driving the saw blades market growth. Saw blades are extensively used in the automotive industry for cutting metals or rubber and shaping the vehicle or engine body or wheels. On the other hand, electric cars have been gaining popularity with technological innovations. For instance, the US is expected to be the global leader in next-generation vehicle technologies. With the support of financial incentives and R&D, the country believes in lessening its dependence on petroleum products for transportation, and the future of electric vehicles (EVs) seems promising. Such an increasing development of electric vehicles will drive the saw blades market growth during the forecast period.
Key Saw Blades Market Trend
Increased investments in advanced technology is one of the key saw blade market trends fueling the market growth. For instance, in 2020, LENOX, a part of Stanley Black and Decker, Inc., announced the launch of its technologically advanced product Gen-Tech, the latest style carbide tipped band saw blade that offers versatility and long blade life, and a low cost per cut. It cuts a wide variety of materials, shapes, and sizes. Some of the other advancement in saw blade includes cubic boron nitride (CBN)-coated band saw blade, which can saw 3D hard alloys and hardened ferrous materials of up to 70 high rupturing capacity (HRC). The hardness of CBN remains almost unchanged even at more than 1,000 Centigrade. Thus, the presence of such innovative products in the market will fuel the market growth during the forecast period.
Key Saw Blades Market Challenge
Fluctuations in raw material prices is one of the factors impeding the saw blades market growth. The major raw materials used in the metal fabrication business such as iron, steel, and others have been significant fluctuations in their prices. For instance, in 2020, the outbreak of COVID-19 resulted in a sharp fluctuation in metal and mineral prices. Iron ore prices rose by 25% in Q1 2021 compared to the previous year, mainly owing to the unabated demand from China. Moreover, the prices of raw materials have reached a threshold limit which has influenced raw material suppliers to pass on the increased price to their downstream industries. This, in turn, will impede the saw blades market growth during the forecast period.
This saw blades market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global saw blades market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the saw blades market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the saw blades market encompasses successful business strategies deployed by the key vendors. The saw blades market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The saw blades market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the saw blades market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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41% of the market's growth will originate from Europe during the forecast period. Germany and the UK are the key markets for saw blades market in Europe. However, market growth in this region will be slower than the growth of the market in APAC and North America.
Rising construction spending in countries such as France and Germany will facilitate the saw blades market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 had a negative impact on the saw blades market in Europe. However, post the lifting of lockdowns, governments of countries in the region are investing in new projects. For instance, in August 2020, the Government of the UK announced its Green Homes Grant for energy efficiency improvements in UK homes. Also, furniture demand has increased as most people work from home. These factors will increase the demand for saw blades during the forecast period.
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The saw blades market share growth by the stone-cutting saw blades segment will be significant during the forecast period. Stone-cutting saw blades are the ones that are used for the cutting and shaping of thick materials like granite, marble, sandstone, concrete, ceramic tiles, glass, and hard stone. These materials are commonly used in the construction industry. Thus, the increased demand for commercial and residential construction is creating a demand for stone-cutting saw blades, which will have a positive impact on the market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the saw blades market size and actionable market insights on post COVID-19 impact on each segment.
Saw Blades Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.74% |
Market growth 2022-2026 |
$ 865.15 million |
Market structure |
Fragmented |
YoY growth (%) |
4.26 |
Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
Performing market contribution |
Europe at 41% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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