Latest News- Saw Blades Market: Stone cutting saw blades is expected to lead the Product segment during 2024-2028
The Saw Blades Market is being driven by Increased demand for automobiles
The Saw Blades Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 662.2 million. In the saw blades market, technological advancements have gained significant traction, with investments focusing on enhancing blade maintenance. Three-dimensional coarse diamonds, for instance, ensure minimal vibration during high-speed operations, thereby promoting smooth and stable cutting. Furthermore, air filtration technology, which incorporates three filters to separate dust particles, prevents dust settling on saw blades, thereby increasing their longevity. In 2020, LENOX, a subsidiary of Stanley Black and Decker, Inc., introduced Gen-Tech, a technologically advanced carbide-tipped band saw blade. This product boasts versatility, extended blade life, and a cost-effective per-cut, making it suitable for cutting a diverse range of materials, shapes, and sizes.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Stone cutting saw blades, Circular saw blades, Band saw blades, Chain saw blades, Others) Geography (Europe, APAC, North America, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Saw Blades Market Research Report
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In the Saw Blades Market, key players prioritize safety regulations and environmental concerns. Manufacturers create sustainable, energy-efficient blades from eco-friendly materials. Consumers seek portable, battery-powered saws for mobility and convenience. Online sales channels, including e-commerce platforms and manufacturer websites, cater to diverse needs. Table saw blades, band saw blades, jigsaw saw blades, and reciprocating saw blades are used in various sectors like construction and infrastructure for wood, metal, nails, metal fabrication, machining, DIY projects, lumber, and PVC pipes. Tooth designs, such as rip teeth and crosscut teeth, cater to specific cutting needs.
The Saw Blades Market is a significant segment of the larger Global Industrial Machinery and Supplies and Components Market. This market encompasses businesses involved in manufacturing saw blades for various industries. According to Technavio, the market size is determined by the combined revenue generated by these manufacturers. Factors driving the growth of the Global Industrial Machinery and Supplies and Components Market, including the Saw Blades Market, include increasing industrial output in process and discrete industries, particularly in developing countries. This expansion leads to capacity additions in energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages industries. Additionally, consumer preferences for safety regulations, environmental concerns, sustainable materials, energy consumption, mobility, convenience, portability, battery-powered saws, online sales channels, and e-commerce platforms are influencing the market's evolution. Manufacturers must adapt to these trends to remain competitive.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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