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The global circular saw blade market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are its wide application in the automotive industry and rapid industrialization. Rising number of remodeling, construction, and renovation activities is also expected to drive market growth. In addition, there is an increasing preference for decorative interiors and furniture due to improving standard of living, which is creating a rise in the requirement of high-quality saw blades that can cut through complex designs and deliver a premium finish to various products.
The circular saw blade is a cutting instrument that is mainly used to cut metal, plastic, and wood-based materials. A circular saw blade is a metal disc or blade with saw teeth on the edge that can be installed on a moving arm. These blades are available in a number of sizes and designs, and these can be made of a variety of materials and have a wide range of teeth. Сіrculаr ѕаw blade, соmmоnlу rеfеrrеd tо аѕ еlесtrіс оr hаnd-hеld ѕаw tооlѕ, аrе роwеrful dеvісеѕ thаt are uѕеd tо сut vаrіоuѕ mаtеrіаlѕ using a rotary motion spinning.
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This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Major Companies in the Market Include:
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Major Factors Driving Growth of the Global Circular Saw Blade Market:
Revenue growth of the global circular saw blade market is significantly driven by increasing adoption of circular saw blades for various emerging applications such as sheet cutting, manufacturing parts, and disassembling parts. Circular saw blades are widely used in the automotive industry for cutting metals and shaping cars, engine bodies, and wheels, which is supporting global industry growth. Increasing adoption of electric vehicles and expansion of the automotive sector in developed countries are further driving the circular saw blade market worldwide. In addition, emerging countries around the world are working on increasing circular saw blade production in order to meet the growing demand. To improve their positions in the global market, various companies around the globe are focusing on technological advancements in the field of circular saw blades. The latest technical advancements, such as the invention of automatic table saws equipped with sensors and monitors to reduce accidents are some vital factors responsible for bolstering market growth.
North America Holds for Largest Revenue Share in Circular Saw Blade Market:
Among regional markets, North America emerged as the dominant market for circular saw blades in 2020, with the largest revenue share due to rise in residential and commercial applications. North America is expected to drive the market, owing to growing demand for circular blades in the automotive and construction sectors of the region, especially in the U.S. and Canada. The circular saw blade market in Europe, on the other hand, is projected to register steady growth in terms of revenue over the forecast period, owing to rise in reconstruction and renovations activities in this region. Governments of developed countries are rebuilding old and high-rise buildings which will increase the usage of circular saw blades and drive market revenue growth in this region.
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Product Type Outlook (Revenue, USD Billion; 2018-2028)
End-use Outlook (Revenue, USD Billion; 2018-2028)
For comprehensive understanding of market dynamics, the global Circular Saw Blade market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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