May 12, 2022 10:30 AM ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt.Ltd
NEWARK, Delaware, May 12, 2022 (GLOBE NEWSWIRE) — Soaring prices for raw materials such as round timber and lumber are driving up operating costs and hurting producers’ margins. The global woodworking circular saw market revenue is projected to grow at a CAGR of 4.4% per annum from 2022 to 2029 and be valued at US$50.4 million by 2022. Woodworking circular saw shipments are estimated to generate a net revenue of $68.3 million by 2029.
This is expected to increase sales of powerful and efficient saw blades, which will reduce material waste and increase productivity. In addition, the carbide material used for the tip of the saw blade is wear-resistant, which can greatly reduce kerf, prolong service life, and allow cutting thick wood.
Selling through multiple online platforms is becoming increasingly important as these online sites allow customers to select products according to their requirements. Many retailers and distributors are focusing on offering their products through online platforms in order to gain significant market share.
The growth in the use of furniture in the commercial and residential sectors, as well as the use of wood as a thermal and electrical insulator in industry and manufacturing, is expected to increase sales of saw blades for woodworking, with the woodworking industry performing well.
Boosting demand for home furniture woodworking businesses and the use of wood in the main structures of commercial buildings is expected to boost demand for woodworking saw blades. 100-200mm saw blades are expected to witness significant market growth as saw blades are increasingly used in smaller operations.
“The growing demand for woodworking saw blades for plumbing and woodworking due to their inherent reliability such as accuracy, ease of use and accuracy creates a favorable environment for the growth of the woodworking saw blade market.”
The global market for saw blades for woodworking is highly competitive with a large number of organized and non-organized players active in the global market. Freud Tools, Robert Bosch GmbH, Stanley Black and Decker and Homag Group are considered the main players in the global woodworking saw blade market. The key players are focused on producing a variety of blades to perform effectively in a variety of operations.
The key players mentioned in the report are Freud SpA, Robert Bosch GmbH, Stanley Black and Decker, Tenryu Saw Mfg. Co. Ltd., Hilti Corporation, DEWALT, HiKOKI, Diablo Tools, Stark SpA, August Blecher KG, CMT Utensili SpA, Karnasch Professional Tools GmbH, Kinkelder BV, PILANA Group as, Amana Tool Corporation, Breton SpA, Laguna Tools, Dimar Group, Homag group
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Demand for saw blades for woodworking is expected to increase significantly in the coming years due to the boom in residential and commercial construction in the developing countries of the Asia-Pacific region. Growing demand from the furniture industry is expected to drive saw blade sales during the forecast period. The significant use of wood furniture and wood in construction in countries such as India, China and South Korea is expected to drive the growth of the woodworking circular saw market.
Woodworking circular saw blades Market by operating mode (stationary machines, manual machines), saw type (frame saws, rip saws, crosscut saws, plywood saws), diameter (less than 100 mm, 100-200 mm, 200-300 mm, more than 300 mm ), distribution channel (online, offline) and region – forecast for 2022-2029
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Future Market Insights, an ESOMAR-accredited market research organization and a member of the Greater New York Chamber of Commerce, provides information on the determinants of market demand. It reveals growth opportunities for different segments based on source, application, channel and end use over the next 10 years.
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