The global miter saw market share is estimated to clock a revenue of USD 1,087.6 million in 2024. Miter saw providers are likely to expect a moderate CAGR of 4.80% through 2034, with a forecast valuation of USD 1,788.50 million by 2034.
| Attributes | Details |
|---|---|
| Miter Saw Market Size, 2023 | USD 1,036.60 million |
| Miter Saw Market Size, 2024 | USD 1,087.6 million |
| Miter Saw Market Size, 2034 | USD 1,788.50 million |
| Value CAGR (2024 to 2034) | 4.80% |
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| Attributes | Details |
|---|---|
| Miter Saw Market Size (2019) | USD 849.6 million |
| Miter Saw Market Size (2023) | USD 1,036.60 million |
| Historical Growth Rate % (2019 to 2023) | 5.10% |
The miter market saw a rise in value from USD 849.6 million in 2019 to USD 1,036.60 million in 2023. Meanwhile, the market expanded at a CAGR of 5.10% from 2019 to 2023. Wide applications of miter saws in construction activities, including remodeling and new constructions, have uplifted miter saw sales in the historical period. The same is projected to increase market value in the years to come. Other factors instigating market expansion are as follows:
The market is set to register a CAGR of 4.8% through 2034 to reach USD 1,788.50 million by 2034 from USD 1,087.6 million in 2024.
Principal Consultant
| Country | The United Kingdom |
|---|---|
| Forecast CAGR % (2024 to 2034) | 4.40% |
Europe is the leading contender in the miter saw market. Europe, Germany, and the United Kingdom are the top regional players, registering CAGRs of 4.20% and 4.40%, respectively, through 2034. Given below are the key factors that support sales of miter saw in the United Kingdom:
| Country | The United States |
|---|---|
| Forecast CAGR % (2024 to 2034) | 4.40% |
The United States miter saw market is expected to witness steady growth of 4.4% in North America. The region, as per market projections, gained a share of 23% in 2023. Market growth is predicted to be positively impacted by:
| Country | India |
|---|---|
| Forecast CAGR % (2024 to 2034) | 5.50% |
As per market estimations by FMI analysts, India's market is anticipated to expand at a CAGR of 5.5% through 2034. During this period, the market is anticipated to be driven by:
| Country | China |
|---|---|
| Forecast CAGR % (2024 to 2034) | 5.30% |
The miter saw market in China is predicted to register a CAGR of 5.30% through 2034. Leading factors contributing to sales of miter saw in the country include.
| Country | Australia |
|---|---|
| Forecast CAGR % (2024 to 2034) | 4.50% |
The miter saw industry demand in Australia is expected to be driven at a CAGR of 4.5% through 2034. Factors below are supporting equipment sales in the country:
| Leading End Use | Woodworking |
|---|---|
| Value Share % (2023) | 24% |
Woodworking is the leading milter saw consumer, capturing 24% in 2023. Demand for milter saws is rapidly increasing for woodworking purposes owing to their capacity to create precision cuts. Additionally, the versatility of milter saws allows them to make bevels, crosscuts, compound cuts, etc., thus increasing their value among woodworkers. The safe and easy application of a milter saw, as the blade is typically equipped with safety features, is spurring its adoption for woodworking purposes.
| Leading Product Type | Benchtop |
|---|---|
| Value Share % (2023) | 27% |
Benchtop milter saw is in high demand when it comes to product type. FMI analysts have estimated that the benchtop segment acquired a market share of 27% in 2023. Due to the affordability, portability, versatility, and convenience of benchtop milters, it is gaining popularity among numerous DIY enthusiasts and woodworkers. The benchtop version is easy to store, use, and transport, making it ideal for people with limited woodworking space. These factors are enhancing sales of benchtop miter saws.
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Leading players are focusing on high-profile acquisitions to expand their footprint in the miter saw market. Additionally, companies are focusing on innovating distinct new products to enhance their convenience and portability for higher adoption among DIY enthusiasts and professional tradespeople. Companies also leverage their social media presence to post user reviews for repeated sales and garner interest in newly launched products.
Miter saw manufacturers are building alliances with other players to widen their reach and strengthen their market position. By coming into partnerships, players can benefit from each other’s strengths and create new products to appeal to a broader segment of customers.
Players plan to extend their distribution channels to gain a more extensive customer base. Additionally, players are investing in branding and marketing to increase their recognition and acquire customer loyalty.
Key Developments in the Miter Saw Industry in Recent Years
| Company Names | Company Details |
|---|---|
| CR Laurence | The company is a leading manufacturer and distributor of architectural hardware. The company was founded in 1961 in Los Angeles. With great contributions to the industry’s progress, CR Laurence has gained a reputation as a market leader. The strong market presence of this firm suggests considerable revenue generation. |
| DeWalt | DeWalt, a Stanley Black & Decker subdivision, is well-known for manufacturing power tools like miter saws. The company was founded in 1922 and has a long-standing quality and innovation history. Brand's products are regarded for their efficient and durable products. |
| Makita Corporation | The Japan-based MNC providing power tools is one of the leading contenders in the milter saw market. The company produces high-performance tools known for their reliability and precision. |
| Bosch | Bosch is an electronics and engineering firm, which is headquartered in Germany. The company presents many power tools, such as miter saws. The firm is well-recognized for its innovative designs and cutting-edge technology. |
The miter saw market is expected to be worth USD 1,087.6 million in 2024.
The market is predicted to expand at a CAGR of 4.80% through 2034.
The market is anticipated to account for USD 1,788.50 million by 2034.
India is predicted to provide high growth opportunities.
Benchtop is significantly opted by end users.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Sliding Miter Saw 5.2. Compound Miter Saw 5.3. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Home Use 6.2. Industrial Use 6.3. Commercial Use 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. DEWALT 17.2. RYOBI 17.3. CRAFTSMAN 17.4. Festool 17.5. Makita 17.6. Hitachi 17.7. Milwaukee Tool 17.8. Bosch 17.9. Hilti 17.10. Rigid (Emerson Electric) 18. Assumptions & Acronyms Used 19. Research Methodology
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Miter Saw Market
