Saw Blade Market expansion is aiming $23.17 billion with 4.70% CAGR by 2032

Saw Blade Market Size Worth $23.17 Billion By 2032 | CAGR: 4.70%


The global saw blade market size is expected to reach USD 23.17 billion by 2032, according to a new study by Polaris Market Research. The report “Saw Blade Market Share, Size, Trends, Industry Analysis Report, By Product Type (Circular Saw Blades, Band Saw Blades, Chain Saw Blades, Hand Saw Blades, and Others); By Material; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The continuous rise in consumer disposable income and spending capacity on their lifestyle and living is positively influencing the furniture industry manufacturing industry and boosting the number of home improvement or renovation projects that significantly require saw blades for cutting various metals and materials used in the sectors, are among the leading factors expected to propel the global market growth.

Additionally, several new saw blades containing new and improved capabilities are being launched by leading players operating in the market, and major businesses in the market are adopting several business development strategies to expand their customer base and geographical presence or reach in new regions, which will also fuel the global market growth.

  • For instance, in April 2023, Husqvarna introduced its new ULTI-GRIT series of diamond blades. It also has flat saw blades that cover a wide application window and offer consistent performance.

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There is a rising trend for the adoption and prevalence of machines equipped with innovative state-of-the-art saw blades that can operate for a longer time while increasing the overall output and reducing the operational and production costs across various industries, especially in woodworking and furniture production processes.

In recent years, there has been a significant increase in the development of advanced composite materials and advancements in material technology, which exhibits extensive or superior strength, heat tolerance, and wear resistance, leading to greater cutting efficiency and longevity along with the increase in R&D efforts in the field of material science for introducing new alloy compositions to cater to the need of various cutting applications, are likely to foster global market extensively.  

Saw Blade Market Report Highlights

  • The Circular saw blades segment accounted for the largest share, mainly due to its significant use in the woodworking industry to cut various wood-based materials.
  • The carbon steel segment is expected to hold a substantial share on account of its rapid adoption as an environmentally friendly and sustainable option for cutting materials
  • The metal cutting segment will grow at the fastest pace because of the constant rise in the need for cutting several metal products in a diverse range of products
  • North America dominated the global market, owing to a surge in the number of construction and home renovation projects across the region
  • The key market players include Ingersoll Rand, Leuco Tool Corporation, Simonds International LLC, Stanley Black & Decker, and The M K Morse Company

Polaris Market Research has segmented the saw blade market report based on product type, material, application, and region:

Saw Blade, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Circular Saw Blades
  • Band Saw Blades
  • Chain Saw Blades
  • Hand Saw Blades
  • Others

Saw Blade, Material Outlook (Revenue - USD Billion, 2019 - 2032)

  • High Speed Steel
  • Carbon Steel
  • Carbide-tipped
  • Diamond-tipped

Saw Blade, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Wood Cutting
  • Metal Cutting
  • Stone Cutting
  • Others

Saw Blade, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Saw Blade Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 15.95 billion

Revenue forecast in 2032

USD 23.17 billion

CAGR

4.70% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Product Type, By Material, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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