The global woodworking circular saw blades market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.4% from 2022 to 2029. In 2022, the market is estimated to be valued at US$ 50.4 million, and it is expected to witness a significant increase in shipments, reaching a total worth of US$ 68.3 million by 2029.
At present, sales of woodworking circular saw blades account for an 8% share of the global woodworking tools market. This growing market segment has seen increased demand for circular saws, primarily due to their enhanced precision capabilities and cost-effectiveness.
The surge in popularity of DIY (Do-It-Yourself) projects in today's digital age has played a pivotal role in driving the demand for woodworking circular saws. Consequently, this heightened demand for circular saws has had a cascading effect on the sales of woodworking circular saw blades, reaffirming their significance within the woodworking industry.
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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 an increase in the 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 & carpentry, owing to their inherent reliability, such as accuracy, ease of use, and precision creates a positive environment for the growth of the woodworking circular saw blades market.”
Asia Pacific Offering Lucrative Opportunities for Market Growth
The demand for woodworking circular saw blades is expected to grow significantly in the coming years, owing to brisk residential and commercial construction activities in Asia Pacific developing countries. During the forecast period, rising demand from the furniture industry is expected to drive saw blade sales.
The growing popularity of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to drive the growth of the woodworking circular saw blades market.
More Valuable Insights on Woodworking Circular Saw Blades Market
The research report provides a 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 on 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.
Woodworking Circular Saw Blades Market: Competition Overview
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.
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By Mode of Operation:
- Woodworking Circular Saw Blades for Stationary Machines
- Woodworking Circular Saw Blades for Hand Machines (Power Tools)
By Blade Type:
- Framing Blades
- Rip-cut Blades
- Crosscut Blades
- Plywood Cut Blades
- Woodworking Circular Saw Blades Less than 100 mm
- Woodworking Circular Saw Blades 100-200 mm
- Woodworking Circular Saw Blades 200-300 mm
- Woodworking Circular Saw Blades More than 300 mm
By Distribution Channel:
- Online Sales of Woodworking Circular Saw Blades
- Offline Sales of Woodworking Circular Saw Blades
By End-use Industry:
- Wood Processing
- Furniture & Carpentry
- North America Woodworking Circular Saw Blades Market
- Latin America Woodworking Circular Saw Blades Market
- Europe Woodworking Circular Saw Blades Market
- East Asia Woodworking Circular Saw Blades Market
- South Asia & Pacific Woodworking Circular Saw Blades Market
- Middle East & Africa (MEA) Woodworking Circular Saw Blades Market