USD 14.61 billion
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 2025-2032
Report ID:
SQMIG15F2179 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
93
|Figures:
75
Saw Blades Market Insights
Saw Blades Market size was valued at USD 15.3 Billion in 2023 and is poised to grow from USD 16.02 Billion in 2024 to USD 23.13 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
Everything from steel to concrete to stone is cut with a saw. Hard materials require a different cutting tool than soft materials. Cutting agents such as diamond carbide are used to cut hard solid materials. Diamond saw blades are made for cutting hard and abrasive materials such as concrete, marble, stone, ceramic, etc. Diamond saw blades are used to improve the efficiency of the cutting processes. The market is expected to grow owing to increasing construction and renovation activities during the forecast period.
Compared to other concrete cutting blades on the market, diamond saw blades are exceptionally strong. The diamond block is made of a circular steel disc with an outer edge. These pieces were created with diamonds and metal clasps. Bonding is carried out using high pressure and temperature. This method not only improves the blade’s performance but also increases its durability. Diamonds are the hardest materials on earth and can live for decades without losing their hardness or deteriorating. As a result, diamond saw blades are among the most cost-effective blades available.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Band
Fastest Growth
Growth Rate
4.7% CAGR
Global Saw Blades Market ($ Bn)
Country Share for North America Region (%)
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Saw Blades Market Segmental Analysis
Based on type, the saw blades market is segmented into carbide saw blades, diamond saw blades, and others. Based on product type, the saw blades market is segmented into circular saw, band saw, chain saw, hand saw, and others. The Saw blades market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for saw blades market includes wood cutting, metal cutting, stone cutting, and others.
Analysis by Type
The stone cutting segment is expected to grow at a rapid pace during the forecast period 2023-2031. Diamond saw blades are commonly used in construction to cut stone, cut glass and tile for tile, among other things. Gang-band blade cutters are used in mining operations to cut ore.
The metal cutting segment caters to the specific needs of companies that contribute to efficiency, accuracy and safety in metal cutting as technology advances and improvements in material and blade design continue to drive metal cutting saws the performance of the lines is improved. Metal cutting saw blades are specifically designed to cut metal, including ferrous and non-ferrous materials. These fibers are designed to handle hard and brittle metal surfaces.
Analysis by Application
The circular saw blades segment is expected to hold the largest market share. Circular saw blades are used for cutting and known as toothed metal wheels. These saws are intended for cutting hard materials. It is also used to cut hard-to-cut wood or concrete structures. Such diamond saws are very useful when cutting concrete. It is widely used in the construction industry because it provides smooth and smooth cutting and trimming. This saw also provides a smooth and straight cut that is impossible with traditional saw tools.
The band saw segment plays an important role in the saw blades market, providing versatile and efficient cutting solutions for various industries. Band saws are a continuous strip of toothed steel that rotates on wheels, widely used for cutting various materials such as timber metal plastic and so on. Band saws are versatile, wood, metal, capable of cutting a wide variety of materials such as plastic and even a few composites.
Global Saw Blades Market By Application
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Saw Blades Market Regional Insights
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.
The Asia Pacific region is projected to grow rapidly due to rising industrial and residential consumption due to a growing population. The growing population offers opportunities over the forecast period. The demand and supply of circular sawdust is expected to increase significantly due to the increasing construction activity in the region. For example, Shine Peak Group (HK) Limited is a manufacturer and exporter of Diamond Tools. Their product range includes laser welded diamond saw blades, diamond saw blades, diamond concrete blades, diamond cutting blades, asphalt cutting blades, diamond core drill bits, turbo blades, tuck point blades, diamond cup wheels, loop blades and diamond polishing pads, others also. The diversity of these manufacturers in their product lines also contributes to the growth.
Global Saw Blades Market By Region
- Largest
- Fastest
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Saw Blades Market Dynamics
Drivers
- 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.
Restraints
- 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 Competitive Landscape
The competitive environment of the global 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 global 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, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority.
Top Player’s Company Profiles
- 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.
Recent Developments
- In May 2023, Makita U.S.A. Inc.’s new dual-thread band saws will give professionals using wireless cord band saws greater cutting capabilities. Band saw blades come in a three-pack and are available in a variety of tooth per inch (TPI) options for different cutting applications.
- In September 2022, The M.Sc. K. Morse Company’s fourth generation Metal Devil circular saw blade set a new standard for cutting performance. The Metal Devil range offers a range of saw blades for metal cuts, stainless steel, titanium, and aluminum/non-ferrous materials offering unparalleled blade life, fast, cool cuts and excellent surface polish.
- In 2023, The MK Morse Company launched a new website that provides more robust technical and product information to distributors and customers and helps customers find cutting-edge solutions for any product, whatever they may be looking for according to product types, markets, or applications.
Saw Blades Key Market Trends
Launch of New Products
- 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.
Saw Blades Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. Increased demand for sparklers from the furniture sector, increased demand for luxury furniture renovating and refurbishing existing homes, increased disposable income as people give the standard of living increases, the increasing demand for energy saws from the auto industry to cut steel or rubber parts to mold automobile bodies, door seams and seat frames , focusing on energy efficient design for buildings so large are the essential as well as essential factors that are likely to boost the growth of the saw blade market during the forecast period 2024-2031.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 14.61 billion |
| Market size value in 2031 | USD 22.09 billion |
| Growth Rate | 4.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Saw Blades Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Saw Blades Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Saw Blades Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Saw Blades Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Saw Blades Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Saw Blades Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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