The woodworking circular saw blades market is projected to reach a valuation of US$ 68.3 Mn by the end of 2029, as per the latest report by FMI.The rise in the cost of raw materials such as roundwood and timber has increased manufacturing costs and reduced profit margins.
The global woodworking circular saw blades market is expected to grow at a CAGR of 4.4 percent from 2022 to 2029, with a value of US$ 50.4 Mn in 2022. Shipments of woodworking circular saw blades are expected to be worth US$ 68.3 million by 2029.
This is expected to boost sales of powerful and efficient saw blades, reducing material waste and increasing productivity. Furthermore, carbide material for circular saw blade tips provides abrasion resistance, kerf reduction, longer service life, and the ability to saw thick and strong woods.
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Key Findings from the Woodworking Circular Saw Blades Market Research
- Sales via various online platforms are gaining popularity, as these sites allow customers to select products based on their needs. To gain a significant market share, many retailers and distributors are focusing on offering their products through online platforms.
- Increased use of furniture in the commercial and residential sectors, as well as the use of wood as a thermal and electrical insulator in the industrial and manufacturing sectors, are expected to boost sales of woodworking circular saw blades, with the timber and wood processing industries performing admirably.
- Demand for woodworking circular saw blades is expected to rise due to increased demand for woodworking operations in the manufacture of household furniture and the use of wood in the design of basic utilities in commercial constructions. With the increased use of circular saw blades for small-scale operations, the market for 100 – 200 mm diameter blades is expected to grow significantly.
“Rising demand for woodworking circular saw blades for plumbing and carpentry, as a result of their inherent dependability, such as accuracy, ease of use, and precision, creates a favourable environment for the growth of the woodworking circular saw blades market.”
Market Analysis of Woodworking Circular Saw Blades
The global woodworking circular saw blades market is fiercely competitive, with a large number of organised and unorganised players active in the global market. The global woodworking circular saw blades market is dominated by Freud Tools, Robert Bosch GmbH, Stanley Black and Decker, and Homag Group. Key players are concentrating on producing diverse blades for efficient performance in various operations.
Asia Pacific Offering Lucrative Opportunities for Market Growth
The demand for woodworking circular saw blades is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing countries of the Asia Pacific region. Rising demand from the furniture industry is expected to drive the sales of saw blades during the forecast period. High use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel the growth of the woodworking circular saw blades market.
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More Valuable Insights on Woodworking Circular Saw Blades Market
The research report provides thorough assessment and future forecasts of the woodworking circular saw blades market on the basis of five primary segments listed as follows: mode of operation, blade type, diameter type, distribution channel, and end-use industry. The report provides comprehensive information about global market sizing, key market manufacturers, and regional perspective for market. The report also provides important dynamics of the woodworking circular saw blades market. The scope of the research includes woodworking circular saw blades with carbide tips or complete carbide blades utilized in the woodworking industry.
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