Saw Blades Market Size, Share, Growth and Trends 2023

According to the latest report by IMARC Group, titled, "Saw Blades Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global saw blades market size reached US$ 15.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Saw blades are replaceable cutting components of various hand, portable, and stationary power tools. Some common types of saw blades include circular, band, straight, and chain saw blades. They are designed with toothed edges and varying tooth configurations to facilitate smooth and clean cutting action and obtain the desired cut without damaging the workpiece. They are widely used to cut and modify the shape of rigid materials, such as marble, granite, wood, metal, stone, and concrete. They are coated with titanium, zirconium, or chrome coatings made through physical vapor deposition to improve the tooth durability, performance, and quality of the cut piece. As a result, saw blades find extensive applications across numerous industrial sectors, including furniture, automotive, mining, and construction.

Saw Blades Market Trends:

The escalating demand for saw blades from the furniture manufacturing industry represents the primary factor driving the market growth. This can be attributed to the shifting consumer inclination toward luxury interiors and furniture, which has augmented the demand for high-quality saw blades that can cut through intricate designs and add a premium finish to the products. Besides this, the rising construction and renovation activities due to the expanding urban population, elevating living standards, and inflating consumer expenditure capacities is another major growth-inducing factor.

Furthermore, there has been a significant rise in the use of power saws across the automotive sector for cutting metal or rubber parts to shape the vehicle's engine body, wheels, door seams, and seat frames. Along with this, the increasing sales of fuel-efficient cars and electric vehicles (EVs) have propelled market growth. Additionally, the leading manufacturers are developing innovative saws with longer operational life and blades with precise cuts to minimize wear and tear. In line with this, several product innovations, such as the launch of automatic table saws embedded with monitors and sensors to prevent accidents and improve workers’ safety, have propelled the market growth.

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Global Saw Blades Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

The report has segmented the market on the basis of region, product type and application.

Breakup by Product Type:

Breakup by Application:

Breakup by Region:

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Key highlights of the report:

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