LONDON--(BUSINESS WIRE)--The global hacksaw blades market size is poised to grow by USD 247.66 million during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 5% during the forecast period.
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The market is driven by increasing sawmill production. In addition, the growing demand for furniture is expected to further boost the growth of the hacksaw blades market.
The growing demand for wood and related products is encouraging sawmills to increase their production capacity. The harvested timber is used in several applications, including the fabrication of telegraph poles and railroad ties, in building construction, shipbuilding, furniture manufacturing, and others. As these applications make use of hacksaw for cutting and shaping the wood, the increase in sawmill production will drive the growth of the hacksaw blades market during the forecast period.
The increasing construction of new houses and the renovation of older houses is also driving the demand for furniture. Moreover, the increasing disposable income and the bandwagon effect are creating the demand for fancy interiors, which in turn, is creating a higher demand for good-quality furniture. This is also leading to an increase in demand for hacksaw blades as they are extensively used in the manufacture of furniture for cutting and shaping the wood.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Apex Tool Group LLC
- C. & E. Fein GmbH
- Klein Tools Inc.
- Snap-on Inc.
- Stanley Black & Decker Inc.
- Techtronic Industries Co. Ltd.
Market Segmentation by Product:
The hacksaw blades market can be broadly categorized into the following segments:
- Power hacksaw blades
- Hand hacksaw blades
Key Regions for the Hacksaw Blades Market:
Featuring a breakdown of region-wise market shares until 2019.
- APAC
- Europe
- North America
- South America
- MEA
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Consumer Discretionary are:
Office Furniture Market – Global Office Furniture Market by distribution channel (offline and online), end-users (commercial office furniture and home office furniture), product (seating, systems, tables, storage units and files, and overhead bins) and geography (APAC, Europe, MEA, North America, and South America).
Sawmill Machinery Market – Global Sawmill Machinery Market by technology, product (fixed sawmills, and portable sawmills), and geography (the Americas, APAC, and EMEA).
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