The hacksaw blades market was valued at $1,043.9 million in 2021, and is expected to reach $1,667.1 million by 2031, registering a CAGR of 4.7% from 2021 to 2031. A hacksaw is an equipment used for cutting materials such as metal, wood, and plastic. The hacksaw consists of a blade with fine-tooth saw that is attached in a frame with under tension. The teeth on the hacksaw blades are the major cutting elements on the blades. The hacksaw blades are available in 10 TPI, 14 TPI, 18TPI, 24 TPI, and 32 TPI range, which indicate the number of teeth per inch of the blades. The hacksaw blades are made of nitrated steel, cast iron, aluminum brass, and stainless steel. These hacksaws are manually operated as well as electrically operated. The hacksaw blades are used by professionals for cutting activities in wood and metal industries as well as DIY customers.
The growth of the hacksaw blades market is majorly driven by rapid industrialization and increase in infrastructural spending in emerging countries. This further led to increase in investment on tools and machines. This, in turn, led to increased requirement of hacksaw blades in the market. For instance, in February 2022, the U. S. President Joe Biden has sanctioned around million $450 through (PIDP) Port Infrastructure Development Program to expand capacity of port and improve the logistics and goods movement of the port. These instances are expected to increase demand of hacksaw blade. In addition, construction of new residential and nonresidential infrastructure has led to rise in demand for wood and metals, which utilize hacksaw blades in manufacturing process.
However, laser cutting and water cutting methods are superior in technology as well as accuracy and they take less time for carrying out complex cutting operations and have a low maintenance cost. Thus, these factors act as the major restraints of the global hacksaw blades market. However, countries such as China, India, and Brazil, are rapidly developing, which will further lead to surge in demand for machinery and equipment such as hacksaws and their blades in the manufacturing sector, which is anticipated to offer remunerative opportunities for the expansion of the hacksaw blades market during the forecast period.
The global hacksaw blades market is segmented into consumer type, thread per inch, application, and region. By consumer type, the market is bifurcated into DIY and professionals. On the basis of thread per inch, it is segregated into 14 TPI, 24 TPI, and others. The applications covered in the study include manual hacksaw and electric hacksaw. Region wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the hacksaw blades market include Apex Tool Group LLC, Chronos, Disston Company, Gedore, HABUR-SAWS GmbH, Klein Tools, Inc., Snap-on Incorporated, Stanley Black & Decker, Inc., Starrett and Thomas Flinn & Co. Major companies in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the hacksaw blades market.
The growth of the hacksaw blades market is majorly driven by rapid industrialization and increase in infrastructural spending in emerging countries. This further led to increase in investment on tools and machines. This, in turn, led to increased requirement of hacksaw blades in the market. For instance, in February 2022, the U. S. President Joe Biden has sanctioned around million $450 through (PIDP) Port Infrastructure Development Program to expand capacity of port and improve the logistics and goods movement of the port. These instances are expected to increase demand of hacksaw blade. In addition, construction of new residential and nonresidential infrastructure has led to rise in demand for wood and metals, which utilize hacksaw blades in manufacturing process.
However, laser cutting and water cutting methods are superior in technology as well as accuracy and they take less time for carrying out complex cutting operations and have a low maintenance cost. Thus, these factors act as the major restraints of the global hacksaw blades market. However, countries such as China, India, and Brazil, are rapidly developing, which will further lead to surge in demand for machinery and equipment such as hacksaws and their blades in the manufacturing sector, which is anticipated to offer remunerative opportunities for the expansion of the hacksaw blades market during the forecast period.
The global hacksaw blades market is segmented into consumer type, thread per inch, application, and region. By consumer type, the market is bifurcated into DIY and professionals. On the basis of thread per inch, it is segregated into 14 TPI, 24 TPI, and others. The applications covered in the study include manual hacksaw and electric hacksaw. Region wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the hacksaw blades market include Apex Tool Group LLC, Chronos, Disston Company, Gedore, HABUR-SAWS GmbH, Klein Tools, Inc., Snap-on Incorporated, Stanley Black & Decker, Inc., Starrett and Thomas Flinn & Co. Major companies in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the hacksaw blades market.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hacksaw blades market analysis from 2021 to 2031 to identify the prevailing hacksaw blades market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hacksaw blades market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hacksaw blades market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Consumer type
- DIY
- Professionals
By Threads per inch
- 14 TPI
- 24 TPI
- Others
By Application
- Manual hacksaw
- Electric hacksaw
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- France
- Spain
- Rest of Europe
- Germany
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Apex Tool Group, LLC
- Chronos
- DISSTON COMPANY
- GEDORE Werkzeugfabrik GmbH & Co. KG
- HABUR-SAWS GmbH
- Klein Tools, Inc.
- Snap-On Incorporated
- Stanley Black & Decker, Inc.
- Starrett
- Thomas Flinn & Co.
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: HACKSAW BLADES MARKET, BY CONSUMER TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 DIY
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Professionals
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
CHAPTER 5: HACKSAW BLADES MARKET, BY THREADS PER INCH
5.1 Overview
5.1.1 Market size and forecast
5.2 14 TPI
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 24 TPI
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
CHAPTER 6: HACKSAW BLADES MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Manual hacksaw
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Electric hacksaw
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
CHAPTER 7: HACKSAW BLADES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Consumer type
7.2.3 North America Market size and forecast, by Threads per inch
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Consumer type
7.2.5.1.3 Market size and forecast, by Threads per inch
7.2.5.1.4 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Consumer type
7.2.5.2.3 Market size and forecast, by Threads per inch
7.2.5.2.4 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Consumer type
7.2.5.3.3 Market size and forecast, by Threads per inch
7.2.5.3.4 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Consumer type
7.3.3 Europe Market size and forecast, by Threads per inch
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Consumer type
7.3.5.1.3 Market size and forecast, by Threads per inch
7.3.5.1.4 Market size and forecast, by Application
7.3.5.2 UK
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Consumer type
7.3.5.2.3 Market size and forecast, by Threads per inch
7.3.5.2.4 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Consumer type
7.3.5.3.3 Market size and forecast, by Threads per inch
7.3.5.3.4 Market size and forecast, by Application
7.3.5.4 Spain
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Consumer type
7.3.5.4.3 Market size and forecast, by Threads per inch
7.3.5.4.4 Market size and forecast, by Application
7.3.5.5 Rest of Europe
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Consumer type
7.3.5.5.3 Market size and forecast, by Threads per inch
7.3.5.5.4 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Consumer type
7.4.3 Asia-Pacific Market size and forecast, by Threads per inch
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Consumer type
7.4.5.1.3 Market size and forecast, by Threads per inch
7.4.5.1.4 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Consumer type
7.4.5.2.3 Market size and forecast, by Threads per inch
7.4.5.2.4 Market size and forecast, by Application
7.4.5.3 South Korea
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Consumer type
7.4.5.3.3 Market size and forecast, by Threads per inch
7.4.5.3.4 Market size and forecast, by Application
7.4.5.4 India
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Consumer type
7.4.5.4.3 Market size and forecast, by Threads per inch
7.4.5.4.4 Market size and forecast, by Application
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Consumer type
7.4.5.5.3 Market size and forecast, by Threads per inch
7.4.5.5.4 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Consumer type
7.5.3 LAMEA Market size and forecast, by Threads per inch
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Consumer type
7.5.5.1.3 Market size and forecast, by Threads per inch
7.5.5.1.4 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Consumer type
7.5.5.2.3 Market size and forecast, by Threads per inch
7.5.5.2.4 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Consumer type
7.5.5.3.3 Market size and forecast, by Threads per inch
7.5.5.3.4 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Apex Tool Group, LLC
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Chronos
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 disston company
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 gedore werkzeugfabrik gmbh & co. kg
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 HABUR-SAWS GmbH
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Klein Tools, Inc.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Snap-On Incorporated
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Stanley Black & Decker, Inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 starrett
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Thomas Flinn & Co.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Hacksaw Blades Market,' the hacksaw blades market size was valued at $1.0 billion in 2021, and is estimated to reach $1.7 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031. The hacksaw blade is made of nitrated steel, cast iron, aluminum brass, and stainless steel. The teeth on the hacksaw blades are the major cutting elements on the blades. These blades are fixed in a hacksaw under tension in a frame and used for cutting materials such as metal, wood, and plastic. The hacksaw blades are available in 10 TPI, 14 TPI, 18TPI, 24 TPI, and 32 TPI range. These hacksaws are manually and electrically operated and used by DIY and professional consumers.Rise in utilization of hacksaw blades within the process of sawmill manufacturing is one of the prominent factors driving the growth of the global hacksaw blades industry. In addition, rise in demand for furniture in newly constructed infrastructures as well as in renovated buildings has boosted the production of wood cut into pieces through sawmill, which, in turn, contributes toward the hacksaw blades market growth.
Moreover, according to the data published by the UN, the global proportion of the population increased from 13% in 1990 to 29% in 1950, and is expected to reach 60% by 2030. In addition, by 2050, the Asia-Pacific urban population, along with global population growth, may bring another 2.5 billion people to urban areas. Therefore, rapid urbanization in emerging economies is predicted to cater to the growth of the market. In addition, rapid industrialization has led to increased infrastructural spending on machinery, which propels the hacksaw blades market share. However, laser cutting technology and water cutting technology consume less time and power compared to traditional hacksaws and can cut wood and metal into complex shapes, which restrain the growth of the market.
Furthermore, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering the growth of the hacksaw blades market forecast. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities. On the contrary, the development of machinery and equipment in the manufacturing sector, majorly in the emerging economies such as China, India, and Brazil, is anticipated to open new avenues for the market during the forecast period.
The hacksaw blades market report is segmented into consumer type, thread per inch, application, and region. By consumer type, the market is segregated into DIY and professionals. On the basis of thread per inch, it is divided into 14 TPI, 24 TPI, and others. The applications covered in the study include manual hacksaw and electric hacksaw. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the hacksaw blades market analysis include Apex Tool Group LLC, Chronos, Disston Company, Gedore, HABUR-SAWS GmbH, Klein Tools, Inc., Snap-on Incorporated, Stanley Black & Decker, Inc., Starrett, and Thomas Flinn & Co. Major companies in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the market.
Key findings of the study
By consumer type, the professionals segment was the highest revenue contributor in 2021Depending on thread per inch, the others segment dominated the market in 2021.
On the basis of application, the manual hacksaw segment led the market in 2021.
Region wise, Asia-Pacific generated the highest revenue in 2021.
Companies Mentioned
- Apex Tool Group, LLC
- Chronos
- Disston Company
- Gedore Werkzeugfabrik GmbH & Co. KG
- Habur-Saws GmbH
- Klein Tools, Inc.
- Snap-On Incorporated
- Stanley Black & Decker, Inc.
- Starrett
- Thomas Flinn & Co.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1043.9 million |
| Forecasted Market Value ( USD | $ 1667.1 million |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
