Global Saw Blades Market 2017-2021
About Saw Blades
Saw blades are tools that are used for cutting and shaping materials like wood, metal, stone, tiles, concrete, etc. A saw blade consists of a blade, chain, or toothed edges that facilitate smooth cutting. Saw blades come in different types and design, specific for the material it is used on. Some of the commonly used saw blades are stone cutting, circular, band, hand, chain, and straight saw blades. Saw blades are used for applications in industries such as lumbering, furniture, construction, automotive, mining, etc.
Technavio’s analysts forecast the global saw blades market to grow at a CAGR of 6.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global saw blades market for 2017-2021. To calculate the market size, the report considers value and replacement market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Saw Blades Market 2017-2021
Technavio recognizes the following companies as the key players in the global saw blades market: AKE, Freud, LEUCO, and PILANA.
Other Prominent Vendors in the market are: Lenox, Dimar, M. K. Morse, Kinkelder, Leitz, STARK, TYROLIT, ROTHENBERGER, AMADA, BAHCO, WIKUS, DoAll Sawing Products, Simonds International, Eberle, and Stanley Black & Decker.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for furniture. Saw blades are extensively used in furniture manufacturing for cutting and shaping of wood. Wood is used in almost all kind of furniture like doors, interiors, etc. Increasing disposable income and the bandwagon effect are creating demand for fancy interiors, which, in turn, is creating demand for furniture.”
According to the report, one driver in the market is increased demand for residential construction in Americas. Construction of residential houses involves the use of construction equipment like saw blades. These are extensively used for cutting metals, wood, cement, tiles, granite, etc. Increased disposable income along with ease of access to finance has allowed people to own more houses. The housing construction market suffered a setback around 2008 but has seen recovery since 2010. Single-family housing construction is expected to witness strong growth during the forecast period.
Further, the report states that one challenge in the market is lack of product differentiation. Saw blade vendors face intense competition in the market due to the low product differentiation. Several regional saw blade vendors provide customization of saw blades to meet the requirements of specific end-users. In addition, they offer turnkey solutions to install saw blades into the saw machine for heavy duty applications at much lower prices their international counterparts. Also, customers’ preference for saw blades is high from familiar market vendors because of their ease of accessibility and cost advantage.
AKE, Freud, LEUCO, PILANA, Lenox, Dimar, M. K. Morse, Kinkelder, Leitz, STARK, TYROLIT, ROTHENBERGER, AMADA, BAHCO, WIKUS, DoAll Sawing Products, Simonds International, Eberle, and Stanley Black & Decker.