Miter Saw Market

Miter Saw Market Outlook for 2024 to 2034

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%

Top Trends Spurring Worldwide Sales of Miter Saw

• The growing popularity of cordless miter saws, owing to their convenience and mobility, is enhancing the market scope.
• Increasing traction for miter saws integrated with advanced technologies like LED lights and laser guides for better visibility and accuracy is anticipated to advance the overall market.
• Rising count of manufacturers concentrating on designing lightweight and compact miter saws to meet the requirements of DIY enthusiasts and professionals operating in limited spaces.
• Manufacturers oblige with the demand for sustainable tools and devices by developing energy-efficient and eco-friendly milter saws.
• Increasing availability of models with features, including dust collection systems and laser guides, to elevate cleanliness and precision in diverse crafting and home improvement applications.
• The emerging trend of incorporating smart and connected technologies in miter saws to enable remote product use is enhancing market scope. Leading companies are developing modern products for tech-savvy consumers.

Historical Growth of the Miter Saw Market Vs. Forecast Outlook

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:

• Surging demand for versatile compound miter saw solutions in automotive, marine, and aerospace industries.
• Added the benefit of social media to increase brand awareness and raise trust in the company's products.
• Surging research activities to create attractive products that meet customer demands.
• Rising government support for infrastructure development activities to bolster sales of miter saws.
• Growing demand for advanced bevel-cutting tools for complex applications.
• Increasing demand for miter saws in DIY as well as professional-level projects.

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.

Country-wise Insights

Growth in the United Kingdom Miter Saw Market Contributing to Regional Growth

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:

• The wide presence of leading market players in the United Kingdom, in conjunction with constant product innovations, is spurring market growth of miter saw in the country.
• Companies are inclined toward product development integrated with smart and connected technologies. Some common examples of this include mobile applications, Bluetooth connectivity, etc. Since these technologies empower users to control the device remotely, they are finding increasing acceptance.

Rising Construction Activities to Catapult Sales of Miter Saw in the United States

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:

• Increasing construction and remodeling activities in the country boosting sales of efficient and durable miter saws.
• The growing popularity of DIY projects is giving rise to the demand for this equipment.

India to Witness Significant Growth in Asia Pacific

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:

• Robust urbanization and infrastructural progress are expected to bolster the miter saw market.
• Government support aimed at spurring construction activities in India is expected to bolster demand for milter saws.

Launch of Advanced Miter Saws in China to Enhance Construction Processes

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.

• Due to increasing construction plans to boost China’s economy, manufacturers are developing advanced miter saws integrated with innovations like enhanced safety features, dust collection systems, and laser guides. These developments are expected to strengthen market scope over the years.
• Surging demand for cordless miter saws fueled by rechargeable batteries due to their portability and convenience of handling among users is propelling the demand trajectory in China.

Rising Adoption of Precision Cutting Tools to Favor Sales of Miter Saws in Australia

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:

• Well-recognized brands like Bosch, Makita, Ryobi, and DeWalt offer a range of miter saws to suit everyone’s budget and requirements. Apart from this, they also deliver numerous attachments and accessories to go along miter saw. The growing economy of Australia is expected to invite more brands with miter saws in the future.
• In Australia, the adoption of precision cutting tools in carpentry and woodworking industries is expected to increase miter saw sales.

Category-wise Insights

Woodworking to Account for a Leading Share in the Milter Saw Market

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.

Benchtop Milter Saw Finds High Preference Owing to its Practical Use

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.

Key Players Pursuing Growth in the Milter Saw Market

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

• In August 2022, DeWalt recalled over 1 million miter saws, a type of table saw, owing to injury risk posed by rear blade guard detaching or breaking during use, as the Consumer Product Safety Commission (CPSC) reported.
• In June 2023, Festool, a top manufacturer of precision-engineered, innovative, and durable power tool solutions, introduced a nationwide search for advanced DIYers and trade professionals to test its new KSC 60 Cordless Miter Saw.

Profiles of Leading Manufacturers of Miter Saw

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.

Key Players Operating in the Miter Saw Market

• CR Laurence
• DeWalt
• Craftsman
• Genesis
• Hitachi
• Makita
• Festool
• Bosch
• Chicago Pneumatic
• Jet
• TruePower
• ATE Tools
• Others

Table of Content

• 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