The global hacksaw blades market was valued at USD 914.36 million in 2019 and is likely to reach USD 1,209.51 million by 2026 with a CAGR of 4.4%.
Global Hacksaw Blades Market: Overview
Hacksaw blades are a type of saw that is particularly designed and manufactured for the process of cutting metals. Hacksaw blades are utilized on large scale for cutting processes that are complex. A large number of hacksaws comprise handheld saws that have a C-shaped structure or frame which holds a blade under strain. The two widely used types of hacksaw blades are hand hacksaw blades and power hacksaw blades.
Global Hacksaw Blades Market: Growth Factors
The rising utilization of hacksaw blades within the process of sawmill manufacturing where it is utilized for cutting & shaping wood and growing requirements for furniture are the prominent growth factors expected to boost the global hacksaw blades market share over the forecast timeframe. Also, the surging preference for wood products and wood is another growth driver expected to escalate the demand for hacksaw blades in the global market.
Get a Free Sample : https://www.zionmarketresearch.com/sample/hacksaw-blades-market
Also, there has been an increase in the manufacturing of sawn wood which is an additional factor that will prove to enhance the market growth. As hacksaw blades have a fast-cutting capability, these are expected to face a higher requirement from the residential sector, which in turn will escalate the demand for hacksaw blades during the upcoming timeline.
The global market for hacksaw blades has also been gaining traction owing to the recent technological innovations which have enabled the leading suppliers to introduce highly efficient products as per the changing needs of the end-users. Local vendors have been keeping up with the rapidly rising demand across the automobile industry as well as the construction sector. These blades are crucial tools used in the cutting of flat plates, rods, channels, and angles amongst others. The emergence of eco-friendly tools at competitive prices has added to the impetus of industry growth.
However, the highly unstable character of the marketplace and the high prices of the materials are the factors that will prove to hamper the global hacksaw blades market expansion. Also, the market might witness a slackened growth owing to the frequent blunting as well as the teeth breaking of the blades.
Global Hacksaw Blades Market: Segmentation
The global hacksaw blades market has been segregated based on blade type, teeth per inch (TPI), material type, product, mechanism type, application, and region. By blade type, the market has been segregated into regular hacksaw blades, wavy hacksaw blades, and raker hacksaw blades. Based on teeth per inch, the market can be categorized as 14 teeth per inch, 18 teeth per inch, 24 teeth per inch, and 32 teeth per inch (TPI).
By material type, the global hacksaw blades market has been differentiated into brass, mild steel, and aluminum. On the basis of product, the market can be classified as hand hacksaw blades and power hacksaw blades. By mechanism type, the global market has been bifurcated into electric and manual. By application, the global hacksaw blades market has been divided into commercial usage and home usage.
Directly Purchase a copy of the report with TOC @
Global Hacksaw Blades Market: Regional Analysis
The hacksaw blades market forecast in the Asia Pacific is expected to spiral upwards constantly through the forecast period, thanks to the boom in the construction and automobile industries. As compared to manual hacksaw blades, electric hacksaw blades offer higher convenience and productivity and these hacksaw blades are being increasingly adopted by end-use industries. Furthermore, with multiple small and medium-scale enterprises (SMEs) cropping up across countries such as India and China, the hacksaw blades market outlook appears ready for expansion.
North America is also poised for considerable growth in the coming years. The expansion of the hacksaw blades market size in this region can be ascribed to the accuracy of the dimensions alongside the superior cutting performance of advanced hacksaw blades.
Europe’s industry has also been prospering in recent times as several manufacturers have been adopting M&A (mergers & acquisitions), partnerships, and product launches strategically to boost their revenues. The availability of superior quality hacksaw blades which are often custom-made by the leading brands is another factor pushing the hacksaw blades market share in Europe.
Global Hacksaw Blades Market: Competitive Players
The prominent names operating in the global hacksaw blades market include:
- Apex Tool Group LLC
- Klein Tools, Inc.
- Milwaukee Tool
- C. & E. Fein GmbH
- Stanley Black & Decker, Inc.
- Bipico, Starrett
- Disston Company
- Snap-on Inc.
- Techtronic Industries Co. Ltd.
Global Hacksaw Blades Market: Regional Segment Analysis
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
Contact Us :
USA : +1 347 690-0211
United Kingdom : +44 2032 894158
Japan : +81 50 5806 9039
India : +91 7768 006 007
Blog : https://zmrblog.com/
read other reports :