Increased Demand For Wood And Building Construction: A Game-Changing Factor in the Circular Saw Blades Market’s Future Growth
What is the current size and annual growth rate of the circular saw blades market?
The circular saw blades market size has grown steadily in recent years. It will
grow from $10.41 billion in 2024 to $10.68 billion in 2025 at a compound annual
growth rate (CAGR) of 2.6%. The growth
in the historic period can be attributed to growth in construction and
woodworking industries, industrialization and urbanization, introduction of
specialized blades, increased adoption of power tools, globalization of
manufacturing
The circular saw blades market size is expected to see strong growth in the
next few years. It will grow to $14.35 billion in 2029 at a compound annual
growth rate (CAGR) of 7.7%. The growth
in the forecast period can be attributed to growing demand for sustainable
materials, rise of smart manufacturing, increasing focus on safety features,
focus on lightweight and ergonomic designs. Major trends in the forecast period
include integration of IoT in cutting tools, product innovations,
collaborations and partnerships, customization and specialization.
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Which major factors have contributed to the
expansion of the circular saw blades
market?
The increasing demand for wood in the building and construction industries is
expected to propel the growth of the circular saw blades market going forward.
Wood refers to the raw material that is used for various purposes including
construction activities. Circular saw blades offer precise and efficient
wood-cutting capabilities, making them essential for the building and
construction industries and enabling accurate shaping and sizing of various
materials, such as wood and wood-related products, to meet construction
requirements. For instance, in September 2022, according to the Department of
Agriculture, Fisheries and Forestry (ABARES), an Australia-based governmental
organization, by 2030, global consumption of roundwood is expected to rise by
around 10% to 2.2 billion cubic meters. Therefore, increasing demand for wood
in the building and construction industries drives the circular saw blades
market.
How is the circular saw blades market
segmented?
The circular saw blades market covered in this report is segmented –
1) By Type: Carbide Saw Blades, Diamond Saw Blades, Other Types
2) By Blade Diameter: 5-1/2 Inches, 7-1/4 Inches, Other Blade Diameters
3) By Application: Wood And Wood-Based Materials Cutting, Metal Materials
Cutting, Stone Cutting, Other Applications
Subsegments:
1) By Carbide Saw Blades: General-Purpose Carbide Blades, Specialty Carbide
Blades
2) By Diamond Saw Blades: Segmented Diamond Blades, Continuous Rim Diamond
Blades, Turbo Diamond Blades
3) By Other Types: High-Speed Steel (HSS) Blades, Bi-Metal Blades, Abrasive
Blades
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Who are the top competitors in the circular
saw blades market?
Major companies operating in the circular saw blades market include Robert Bosch GmbH, Stanley Black and Decker
Inc., General Saw Corporation, Makita Corporation, Festool Group GmbH & Co.
KG, The Milwaukee Electric Tool Corporation, Ridge Carbide Tool, Henan Huanghe
Whirlwind Co. Ltd., Lenox Corporation, Leitz Tooling Systems LP, Simonds
International Corporation, KANEFUSA CORPORATION, Tenryu Saw Mfg Co. Ltd., Irwin
Industrial Tools, The Leitz Group, Amana Tool Corporation, Jiangsu Fengtai
Tools Co. Ltd., SKIL tools, Kinkelder BV, Diamond Products Limited, Everede
Tool Co., Dimar Cutting Tools Ltd., Hangzhou Wagen Precision Tooling Co. Ltd.,
Stark S.p.A, LEUCO AG, Tangshan Metallurgical Saw Blade Co. Ltd., AKE Knebel
GmbH & Co. KG, Freud Produzioni Industriali S.P.A., PILANA a.s.
Which key trends are expected to influence the circular saw blades market in the coming years?
Technological advancements are a popular trend in the circular saw blade
market. Major companies operating in the circular saw blades market are focused
on technological advancements to meet demand and sustain their position in the
market. For instance, in August 2022, LENOX tools, a Stanley Black & Decker
company, an India-based tools manufacturing company, introduced WAVE EDGE, a
reciprocating saw blade technology. The WAVE EDGE technology offers a new tooth
form and design to enhance the cutting process and give smoother results with
the saw. Additionally, the company also introduced products that include
METALWOLF
Which regional trends are influencing the circular saw blades market, and which area dominates the
industry?
North America was the largest region in
the circular saw blades market in 2024. Asia-Pacific is expected to be the
fastest-growing region in the forecast period. The regions covered in the
circular saw blades market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East, Africa.
What Does The Circular Saw Blades Market
Report 2025 Offer?
The circular saw blades market research
report from The Business Research Company offers global market size, growth
rate, regional shares, competitor analysis, detailed segments, trends, and
opportunities.
Circular saw blades are cutting tools designed specifically for use with
circular saws. They consist of a flat, circular disc with teeth along the edge
used to cut wood, metal, plastic, or stone. Circular saw blades come in
different sizes and configurations to suit specific cutting tasks.
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