Revenue from the global woodworking circular saw blades market is predicted to rise at a CAGR of 4.4% from 2022 to 2029, which stands at a valuation of USD 50.4 Million in 2022. Shipments of woodworking circular saw blades are estimated to account for a net worth of USD 68.3 Million by 2029.
| Attribute | Details |
|---|---|
| Woodworking Circular Saw Blades Market Size (2022) | USD 50.4 Million |
| Predicted Market Revenue (2029) | USD 68.3 Million |
| Forecasted Growth Rate (2022 to 2029) | 4.4% CAGR |
| Europe Market Share (2022) | 28.3% |
Sales of woodworking circular saw blades account for 8% share of the global woodworking tools market at present. Demand for circular saws has gained impetus over the past few years due to their improved precision capabilities and low cost.
DIY projects have been extensively popular in the modern digital age, and this has driven demand for woodworking circular saws, which, in turn, is driving woodworking circular saw blade sales as well.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 4.0% |
| H1,2022 Projected (P) | 4.2% |
| H1,2022 Outlook (O) | 4.3% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 10 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 29 ↑ |
FMI presents a half-yearly comparison analysis and key insights about the growth outlook of the woodworking circular saw blades market. Global urbanization and industrialization have raised demand for circular saw blades used in the woodworking industry. Circular saw blade usage for woodworking has been significantly impacted by shifting lifestyle habits around the world.
According to FMI analysis, the variation between the BPS values observed in the Woodworking Circular Saw Blades market in H1, 2022-Outlook over H1, 2022-Project reflects a rise of 10 units. Moreover, compared to H1, 2021, the market is expected to rise by 29 BPS in H1 2022.
The global market for woodworking circular saw blades has been greatly impacted by technological improvements and product developments. Circular saw blade sales for woodworking are anticipated to benefit in the near future from the increasing profusion of new technology in industries.
Global industrialization has accelerated, and economies like India and China, in particular, have tremendous potential. The need for building new homes and businesses is rising along with the global population, which has a significant impact on the market for woodworking circular saw blades. In recent years, tools with diamond coatings have become more popular than those with carbide coatings because they provide greater abrasion resistance and longer tool life, impacting the market growth.
Urbanization and industrialization on a global scale have resulted in increased demand for woodworking circular saw blades. Changing lifestyle trends across the world have also substantially impacted the consumption of woodworking circular saw blades.
Sales of woodworking circular saw blades accounted for a net worth of USD 38.1 Million in 2014 and rose at a CAGR of 3.5% and attained a valuation of USD 48.4 Million by the end of 2021.
Increasing scope of application across multiple industry verticals like automotive, building & construction, etc. is expected to be a prominent factor that is anticipated to propel market potential in the forthcoming years.
Technological advancements and product developments have significantly influenced the woodworking circular saw blades market across the world. Rising proliferation of advanced technologies in industries is expected to aid woodworking circular saw blade sales in near future.
Shipments of woodworking circular saw blades from 2022 to 2029 are estimated to rise at a 4.4% CAGR.
Principal Consultant
Increased Industrialization and Rising Construction Activity to Guide Woodworking Circular Saw Blade Demand
Industrialization has increased across the world and especially it has seen immense potential in economies like India and China. The population of the world is increasing and so is the demand for construction of residential and commercial structures which in turn is majorly influencing the woodworking circular saw blades marketplace. Woodworking circular saw blade manufacturers are launching new and advanced circular saws for the aforementioned applications.
Popular Mechanics in an article stated that Bosch’s GKS18V-25GC Circular Saw is one of the best that they have ever tested. With amazing accuracy and factory standard 24-tooth blade, this circular saw is already counted among the best and should emerge as a popular choice in construction and furniture industry for its nimble precision and accuracy statistics.
Rising Popularity of Diamond-coated Tools to Hinder Market Growth Potential
In recent times, diamond-coated tools have gained popularity over carbide-coated tools as they offer higher abrasion resistance and longer tool life. This is expected to adversely affect woodworking circular saw blade shipments over the forecast.
However, the high cost of diamond-coated tools is a hurdle that manufacturers haven’t figured out which is a relief for carbide-coated tool manufacturers. So for now diamond-coated tools have a minimal impact but this could change over the coming years as prices of these tools get competitive.
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East Asian and South Asian Regions Anticipated to See High Demand for Woodworking Circular Saw Blades
The global woodworking circular saw blades industry analysis provides detailed insights across multiple geographies such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).
The North America woodworking circular saw blades market accounts for a share of 23.7% of the global woodworking circular saw blades industry in 2022. Increased use of wood in commercial and residential building applications has been a major influential factor for woodworking circular saw blades consumption in this region.
Sales of woodworking circular saw blades in Europe are expected to be primarily driven by increased reconstruction and remodeling activities in this region. Renovation of old structures, new construction activities, etc. are some other factors that would be crucial in the European woodworking circular saw blades industry which currently holds a significant market share of 28.3% in the global marketplace.
Woodworking circular saw blades are expected to see high demand from regions such as South Asia, East Asia, and the Pacific. These regions are expected to prove highly lucrative for woodworking circular saw blade suppliers. Increased construction activities in the residential, as well as commercial sectors in these regions, is anticipated to majorly drive woodworking circular saw blades demand in the aforementioned regions.
Increasing Scope for Residential and Commercial Application of Circular Woodworking Saws
With being one of the foremost economies of the world, the USA offers extremely lucrative opportunities in its residential and commercial construction sectors as it is a highly popular real estate market. High spending potential propels demand for circular saws for fine woodworking in the USA
Increasing number of immigrants in the USA are also expected to drive up the demand for construction of new structures which subsequently propels woodworking circular saw blade sales.
Changing Lifestyle Trends Expected to Propel Demand for Fine Woodworking
Rising disposable income in India has led to some major changes in lifestyle trends over the past years and is expected to shape demand for circular saws for fine woodworking. Lifestyle changes have led to an increase in renovations and a high standard of living has given impetus to fine woodworking.
Increasing demand for premium furniture from commercial and residential sectors is expected to guide woodworking circular saw blades demand in India over the forecast.
Offline Sales of Woodworking Saws to Lose Market Share to Online Sales by 2029
Offline mode currently dominates woodworking circular saw blade sales and is anticipated to hold this stance over the next few years as well. Increasing digitization is expected to come into play and increase the share of online sales with rising preference of consumers for online shopping and increasing use of e-Commerce platforms.
However, both sales channels are expected to contribute significantly to the global revenues as the product portfolio is expanded by woodworking circular saw blade suppliers to boost sales.
Woodworking circular saw blade manufacturers are investing in the research and development of more advanced and efficient tools that make woodworking a task of ease. Woodworking circular saw blade companies are also focusing on launching new products to expand their product portfolios and maximize sales via increasingly popular online channels.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Turkey, South Africa, and GCC Countries |
| Key Market Segments Covered | Mode of Operation, Distribution Channel, Blade Type, Diameter, End-use Industry, Region |
| Key Companies Profiled | Freud SpA; Robert Bosch GmbH; Stanley Black and Decker; Tenryu Saw Mfg. Co. Ltd.; Hilti Corporation; DEWALT; HiKOKI; Diablo Tools; Stark S.p.A.; August Blecher KG; C.M.T. Utensili SpA; Karnasch Professional Tools GmbH; Kinkelder BV; PILANA Group a.s.; Amana Tool Corporation; Breton S.p.A; Laguna Tools; Dimar Group; Homag Group |
| Pricing | Available upon Request |
The global woodworking circular saw blades market is worth around USD 50.4 Million in 2022.
Woodworking circular saw blade companies such as Freud SpA, Robert Bosch GmbH, Stanley Black and Decker, Tenryu Saw Mfg. Co. Ltd., Hilti Corporation, and DEWALT are profiled in this research report.
Demand for woodworking circular saw blades progressed at a CAGR of 3.5% from 2014 to 2021.
The research reveals that woodworking circular saw blade sales will increase at a CAGR of 4.4% from 2022 to 2029.
The woodworking circular saw blades market is estimated to reach a valuation of USD 68.3 Million by the end of 2029.
1. Study of Coverage 2. Executive Summary 3. Breakdown Data By Manufacturer 4. Breakdown Data by Blade Type 4.1. Framing Blade 4.2. Rip-cut Blades 4.3. Crosscut Blade 5. Breakdown Data by Mode of Operation 5.1. Stationary Machine 5.2. Hand Machine (Power Tool) 6. Breakdown Data by Diameter 6.1. Less Than 100 mm 6.2. 100-200 mm 6.3. 200-300 mm 6.4. More Than 300 mm 7. Breakdown Data by Distribution Channel 7.1. Online Sale 7.2. Offline Sale 8. Breakdown Data by End Use Industry 8.1. Timber 8.2. Wood Processing 8.3. Furniture & Carpentry 8.4. DIY 9. North America 10. Europe 11. South America 12. Asia Pacific 13. Middle East and Africa 14. Company Profiles 14.1. Robert Bosch GmbH 14.2. Stanley Black and Decker 14.3. Tenryu Saw Mfg. Co., Ltd. 14.4. Homag Group 14.5. Hilti Corporation 14.6. DEWALT 14.7. HiKOKI 14.8. Diablo Tools 14.9. Stark S.p.A. 14.10. August Blecher KG 14.11. C.M.T. Utensili SpA 14.12. Freud SpA 14.13. Karnasch Professional Tools GmbH 14.14. Kinkelder BV 14.15. PILANA Group a.s. 14.16. Amana Tool Corporation 14.17. Breton S.p.A. 14.18. Laguna Tools 14.19. Dimar Group 15. Future Forecast 16. Market Dynamics 17. Research and Findings and Conclusion 18. Appendix
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Woodworking Circular Saw Blades Market
