Home Investments Saw Blades Market to Record a CAGR of 5.74%, Increased Investments in Advanced Technology to be a Key Trend -Technavio

Saw Blades Market to Record a CAGR of 5.74%, Increased Investments in Advanced Technology to be a Key Trend -Technavio

by Ozva Admin

NEW YORK, September 1, 2022 /PRNewswire/ — One of the key trends in the saw blade market is higher investments in advanced technology. For example, in 2020, LENOX announced the launch of a technologically advanced product called Gen-Tech, a carbide-tipped band saw blade that offers versatility, long life and a low cost per cut. You can cut a wide variety of materials, shapes, and sizes. Some of the other advancements in saw blades include the Cubic Boron Nitride (CBN) coated band saw blade, which can saw through 3D hard alloys and hardened ferrous materials up to 70 High Rupture Capacity (HRC). The hardness of CBN hardly changes even at temperatures over 1000 degrees Celsius. Therefore, the presence of innovative products in the market will support the growth of the market during the forecast period.

the world market for saw blades The size is expected to increase by $865.15 million between 2021 and 2026. Also, the market growth momentum is set to accelerate at a CAGR of 5.74% during the forecast period, according to the latest market report by Technavio.

Get a full report summary outlining market size and forecast along with research methodology. the FREE sample report It is available in pdf format

Saw Blades Market: Market Segmentation

Technavio analyzes the saw blades market by product (stone cutting saw blades, circular saw blades, band saw blades, chain saw blades and others) and geography (EuropeAPAC, North Americathe middle East Y AfricaY South America).

the saw blades for cutting stone segment will be the largest contributor to market share growth during the forecast period. Therefore, the increase in demand from commercial and residential construction is driving the demand for stone cutting saw blades.

Based on geography, the market will witness the highest growth in Europe during the forecast period. Factors such as increased spending on construction in countries such as France Y Germany are expected to fuel the growth of the saw blade market in Europe.

Saw Blades Market: Major Growth Drivers

the increased demand for cars is driving the growth of the saw blade market. Saw blades are widely used in the automotive industry to cut metal or rubber, as well as to shape the vehicle, engine body or wheels. The popularity of electric cars has been increasing, with technological innovations. Additionally, governments in countries like the US are offering financial and R&D incentives to reduce dependence on oil. Such factors will drive the growth of the saw blades market during the forecast period.

Learn about the contribution of each segment summarized in concise infographics and detailed descriptions. View a FREE PDF Sample Report

Saw Blades Market – Key Vendors

The saw blade market is fragmented, and vendors are deploying organic and inorganic growth strategies to compete in the marketplace. AKE Knebel GmbH and Co. KG, AMADA Co. Ltd., Continental Machines Inc., DIMAR GROUP, Freud America Inc., Illinois Tool Works Inc., Ingersoll Rand Inc., JN Eberle and Cie. GmbH, Kinkelder BV, Leitz GmbH and company KG, LEUCO AG, Makita USA Inc., Pilana Metal Sro., ROTHENBERGER Werkzeuge GmbH, Simonds International LLC, Snap On Inc., stanley black and Decker Inc., Stark Spa, The MK Morse Co. and Tyrolit Schleifmittelwerke Swarovski KG, among others, are some of the key suppliers.

Saw Blades Market: Reasons To Buy Saw Blades Market Report

  • Market CAGR during the forecast period 2022-2026
  • Detailed information on factors that will assist saw blades market growth during the next five years.
  • Estimation of the Saw Blades market size and its contribution to the parent market
  • Predictions about upcoming trends and changes in consumer behavior
  • The growth of the saw blade market throughout EuropeAPAC, North America, middle East Y AfricaY South America
  • Analysis of the competitive landscape of the market and detailed information on the suppliers.
  • Comprehensive details of factors that will challenge the growth of saw blades market vendors

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Saw Blade Market Scope

Report Coverage

Details

Page number

120

base year

2021

forecast period

2022-2026

Growth momentum and CAGR

Accelerates to a CAGR of 5.74%

Market growth 2022-2026

$865.15 million

market structure

Fragmented

YoY growth (%)

4.26

regional analysis

Europe, APAC, North America, the Middle East and Africa, and South America

Contribution to the real market

Europe at 41%

Main consuming countries

United States, China, Japan, Germany and United Kingdom

competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

AKE Knebel GmbH and Co. KG, AMADA Co. Ltd., Continental Machines Inc., DIMAR GROUP, Freud America Inc., Illinois Tool Works Inc., Ingersoll Rand Inc., JN Eberle and Cie. GmbH, Kinkelder BV, Leitz GmbH and Co. KG, LEUCO AG, Makita USA Inc., Pilana Metal Sro, ROTHENBERGER Werkzeuge GmbH, Simonds International LLC, Snap On Inc., Stanley Black and Decker Inc., Stark Spa, The MK Morse Co. and Tyrolit Schleifmittelwerke Swarovski KG

market dynamics

Major market analysis, market growth drivers and obstacles, fast and slow growing segments analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization Scope

If our report didn’t include the data you’re looking for, you can contact our analysts and get custom segments.

About us
Technavio is a world leader in technology research and consulting. His research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s reporting library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Its client base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market insights to identify opportunities in existing markets and and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Mayda
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Website: www.technavio.com/

SOURCE Technavio

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