The surge in global urbanization and industrialization has played a pivotal role in elevating the demand for circular saw blades within the woodworking industry. As economies across the globe continue their urbanization and industrialization journey, the necessity for precision cutting tools in woodworking applications has grown significantly. Circular saw blades have emerged as indispensable tools, enhancing operational efficiency and precision in woodworking processes.
The global woodworking circular saw blades market is poised for significant expansion, with revenue projected to surge at an impressive Compound Annual Growth Rate (CAGR) of 4.4% from 2022 to 2029. As of 2022, the market was valued at US$ 50.4 million, and it is poised to achieve a substantial net worth of US$ 68.3 million by 2029.
This remarkable growth trajectory is substantiated by the insights from a comprehensive half-yearly comparative analysis presented by Future Market Insights (FMI). Key findings from the report illuminate the factors propelling this upward trend.
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Sales via various online platforms are gaining popularity, as these sites allow customers to select products based on their needs. To gain a significant market share, many retailers and distributors are focusing on offering their products through online platforms.
Increased use of furniture in the commercial and residential sectors, as well as the use of wood as a thermal and electrical insulator in the industrial and manufacturing sectors, are expected to boost sales of woodworking circular saw blades, with the timber and wood processing industries performing admirably.
Asia Pacific Offering Lucrative Opportunities for Market Growth:
The demand for woodworking circular saw blades is expected to grow significantly in the coming years, owing to brisk residential and commercial construction activities in Asia Pacific developing countries. During the forecast period, rising demand from the furniture industry is expected to drive saw blade sales.
The growing popularity of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to drive the growth of the woodworking circular saw blades market.
More Valuable Insights on Woodworking Circular Saw Blades Market:
The research report provides a thorough assessment and future forecasts of the woodworking circular saw blades market on the basis of five primary segments listed as follows: mode of operation, blade type, diameter type, distribution channel, and end-use industry.
The report provides comprehensive information about global market sizing, key market manufacturers, and regional perspective on market. The report also provides important dynamics of the woodworking circular saw blades market. The scope of the research includes woodworking circular saw blades with carbide tips or complete carbide blades utilized in the woodworking industry.
Woodworking Circular Saw Blades Market: Competition Overview
The global woodworking circular saw blades market is fiercely competitive, with a large number of organised and unorganised players active in the global market. The global woodworking circular saw blades market is dominated by Freud Tools, Robert Bosch GmbH, Stanley Black and Decker, and Homag Group. Key players are concentrating on producing diverse blades for efficient performance in various operations.
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Market Segments:
By Mode of Operation:
- Woodworking Circular Saw Blades for Stationary Machines
- Woodworking Circular Saw Blades for Hand Machines (Power Tools)
By Blade Type:
- Framing Blades
- Rip-cut Blades
- Crosscut Blades
- Plywood Cut Blades
By Diameter:
- Woodworking Circular Saw Blades Less than 100 mm
- Woodworking Circular Saw Blades 100-200 mm
- Woodworking Circular Saw Blades 200-300 mm
- Woodworking Circular Saw Blades More than 300 mm
By Distribution Channel:
- Online Sales of Woodworking Circular Saw Blades
- Offline Sales of Woodworking Circular Saw Blades
By End-use Industry:
- Timber
- Wood Processing
- Furniture & Carpentry
- DIY
By Region:
- North America Woodworking Circular Saw Blades Market
- Latin America Woodworking Circular Saw Blades Market
- Europe Woodworking Circular Saw Blades Market
- East Asia Woodworking Circular Saw Blades Market
- South Asia & Pacific Woodworking Circular Saw Blades Market
- Middle East & Africa (MEA) Woodworking Circular Saw Blades Market
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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