Hacksaw Blades Report Says Current Market Capacity, Production, Revenue, Price, Cost, Gross Margin Analysis to 2031
Hacksaw Blades Market Research, 2031
The hacksaw blades market size 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 a fine-tooth saw with a blade under tension in a frame, used for cutting materials such as metal, wood, and plastic. The hacksaw blades are made of nitrated steel, cast iron, aluminum brass, and stainless steel. The teeth on the hacksaw blades are the key cutting elements. The hacksaw blades are available in 10 TPI, 14 TPI, 18TPI, 24 TPI, and 32 TPI range. These blades are used by professionals for cutting activities in wood & metal industries and by DIY customers. These hacksaw are manually operated as well as electrically operated.
The major driving factor of the global market is rise in utilization of hacksaw blades in the process of sawmill manufacturing. In addition, surge in demand for furniture and increase in usage of hacksaw blades in the sawmill production where it used to cut & shape wood are expected to contribute toward the hacksaw blades market growth.
Moreover, rapid industrialization coupled with increase in infrastructural spending leads to construction of new residential and commercial infrastructure where new furniture and cabinets are being used, which, in turn, propels the market growth. However, laser cutting technology and water cutting technology are technologically advanced, consume lower time & power compared to tradition hacksaws, and can achieve cutting complex shapes. Therefore, laser cutting technology and water cutting technology are being rapidly adopted in manufacturing industries is the past few years, which significantly hampers the hacksaw blades market share.
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Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of hacksaw blades as well as their demand in the market, thereby restraining the growth of the hacksaw blades market. Conversely, industries are gradually resuming their regular manufacturing and services. This led to re-initiation of hacksaw blades companies at their full-scale capacities, which helped the market to recover by end of 2021.
Competition analysis
The major players profiled in the hacksaw blades market overview includes 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 industry.
Full Report With TOC:-https://www.alliedmarketresearch.com/hacksaw-blades-market-A08264