by The global Circular Saw Blade market size was estimated at US$ 17.12 Bn in 2024 and is projected to reach US$ 28.21 Bn by 2031, exhibiting a CAGR of 6.0% during the forecast period.
A circular saw blade is a blade used with a power saw or circular saw for cross-cutting, rip-cutting and other saw functions in various cutting operations. Circular saw blades offer advantages like superior cutting precision, versatility for multiple cutting applications and durable design. The growing construction industry where circular saw blades find extensive usage for various woodcutting activities has been a major demand driver for circular saw blades.
Key Takeaways
Key players operating in the Circular Saw Blade market include AKE Knebel GmbH & Co. KG, AMADA Holdings Co., Bosun, Dimar Tooling, Freud America Inc., Illinois Tool Works Inc., Ingersoll Rand Inc., Kinkelder B.V., Ledermann GmbH & Co. KG, Leuco Tool Corporation, OSTAR Tools, Pilana Knives A.S., Simonds International LLC, Stanley Black & Decker Inc., and The M K Morse Company. Key players are focused on developing innovative circular saw blades with advanced material composition for optimized cutting performance.
The global construction industry has witnessed steady growth over the past few years with infrastructure development projects in emerging nations driving demand for circular saw blades from the construction sector. Repair and remodeling activities in the residential construction industry have further supplemented circular saw blade consumption.
Accelerating urbanization has propelled infrastructure investment worldwide. Key players are expanding their Circular Saw Blade Market Demand manufacturing and supply footprint across major construction markets to leverage the opportunities arising from infrastructure growth particularly in Asia Pacific and Middle East & Africa.
Market Key Trends
The increasing adoption of carbide-tipped circular saw blades is a major trend. Carbide tipped saw blades last 3-5 times longer than conventional high-speed steel blades and provide high precision cutting of tough materials like stainless steel. Robotics integration with circular saws is another emerging trend enabling automated cutting operations for enhanced productivity in industrial applications.
Porter’s Analysis
Threat of new entrants: Moderate barrier to entry due to established brands and technology required.
Bargaining power of buyers: Moderate as buyers can negotiate on price with manufacturers and suppliers.
Bargaining power of suppliers: Moderate as few key suppliers are there who can influence price.
Threat of new substitutes: Low as circular saw blades have limited substitutes for cutting applications.
Competitive rivalry: High among existing players to gain market share.
Geographical Regions
North America region accounts for the largest Circular Saw Blade Market size and Trends in terms of value owing to high usage of power tools and established construction industry in the US and Canada.
Asia Pacific region is expected to witness the fastest growth during the forecast period mainly due to rapidly growing construction activities and increasing infrastructure development projects in emerging countries like China and India.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
