October 07, 2021
According to the business intelligence report titled ‘Global Hacksaw Blades Market Size study, by Consumer Type (DIY, Professionals), by Threads per Inch (14 TPI, 24 TPI, Others), by Application (Manual Hacksaw, Electric Hacksaw) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global hacksaw blades market is anticipated to grow substantially between 2021-2027.
Growing product utilization in sawmill manufacturing, surging demand for furniture, and rising preference towards wood & wood products are the key factors driving global hacksaw blades market growth.
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For the unaware, a hacksaw is a fine-toothed saw with a blade held in tension in a frame which is used to cut wood, plastic, or metal. The teeth on a hacksaw are its fundamental cutting feature and are made from cast iron, nitrated, steel, stainless steel, and aluminum brass.
Surging demand for sawn wood, growing adoption of hacksaws from residential sector owing to their fast cutting capability, and launch of new & innovative products to meet the needs of end users are also facilitating revenue inflow.
While soaring demand in automotive and construction industries will drive industry growth, easy availability of laser cutting and water cutting technologies will act as a challenge for businesses operating in this domain.
Based on consumer type, global hacksaw blades industry is split into professionals and DIY segments. Speaking of threads per inch, the business sphere is divided into 24 TPI, 14 TPI, and others. As per application scope, the market is bifurcated into electric hacksaw and manual hacksaw.
From the regional frame of reference, Europe held majority of global hacksaw blades market share in the recent past owing to increasing demand and usage of hacksaw blades. Meanwhile, Asia Pacific market is projected to witness considerable growth between 2021-2027 due to growing number of construction activities and booming automotive sector.
Key players formulating the competitive landscape of worldwide hacksaw blades market are L.S. Starrett Co., Apex Tool Group LLC, Disston Company Inc., Chronos, Gedore Tool Group, Thomas Flinn & Co. Ltd., HABUR-SAWS GmbH, Snap-on Incorporated, Klein Tools Inc., and Stanley Black & Decker Inc.