Hacksaw Blades Market Size, Share, Growth Report 2030

Hacksaw Blades Market

Global Hacksaw Blades Market by Blade Type (Regular Hacksaw Blade, Wavy Hacksaw Blade, and Raker Hacksaw Blade), Teeth Per Inch (14 Teeth Per Inch, 18 Teeth Per Inch, 24 Teeth Per Inch, and 32 Teeth Per Inch), Material Type (Brass, Mild Steel, and Aluminum), Product (Hand Hacksaw Blades and Power Hacksaw Blades), Mechanism Type (Electric And Manual), Application (Commercial Usage and Home Usage) and Region– Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-5734 Published Date: Feb-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 Growth Rate (in %) Base Year
USD 914.36 million USD 1,209.51 million CAGR at 4.4% 2019

Global Hacksaw Blades Market Size

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.

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.

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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.

Hacksaw Blades Market: Report Scope

Report Attributes Report Details
Report Name Hacksaw Blades Market Research Report
Market Size in 2019 USD 914.36 million
Market Forecast in 2026 USD 1,209.51 million
Growth Rate CAGR of 4.4%
Number of Pages 110
Key Companies Covered Apex Tool Group LLC, Klein Tools, Inc., Milwaukee Tool, C. & E. Fein GmbH, Stanley Black & Decker, Inc., Bipico, Starrett, Disston Company, LENOX, Snap-on Inc., and Techtronic Industries Co. Ltd.
Segments Covered By blade type, By material type, By product Type, By mechanism type, By Applications, By End User and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2019
Historical Year 2016 to 2018
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

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
  • LENOX
  • Snap-on Inc.
  • Techtronic Industries Co. Ltd.

Global Hacksaw Blades Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

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, channel, and angle amongst others. The emergence of eco-friendly tools at competitive prices has added to the impetus of the industry growth.

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%.

The hacksaw blades market forecast in 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 due to which these hacksaw blades are being increasingly adopted by end-use industries. Furthermore, with multiple small and medium-scale enterprises (SMEs) cropping up across the countries such India and China, the hacksaw blades market outlook appears ready for expansion.

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, LENOX, Snap-on Inc., and Techtronic Industries Co. Ltd.

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