24-Mar-2021 | Facts and Factors
As per the report published by Facts and Factors, the global hacksaw blade market was valued at approximately USD 914.36 Million in 2019 and is expected to generate revenue of around USD 1,209 Million by end of 2026, growing at a CAGR of around 4.5 % between 2020 and 2026.
Hacksaw Blade is a tool that is mostly used to cut metals. It is designed with features such as a fine-toothed saw for sharp cutting of the hard metals. It is mostly used in the manufacturing and construction industry where cutting and joining of the metal often takes place. Based on the requirement and usage, hacksaw blades are available in different sizes and designs to fit the requirement.
Key Market Players
Some of the major players contributing their efforts in terms of products and services 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.
Increase in the Urbanization Is the Major Factor Responsible for the Growth of Hacksaw Blade
Growing urbanization is one of the major propellants which are driving the market of hacksaw blade. Rising urbanization has led to huge demand in the construction industry for residential and commercial projects. These industries require a high number of tools and a hacksaw blade is the important one. It is required in cutting small metal parts, cutting PVC pipes for water and electrical installations. Commercial projects in cities need robust electrical systems and water supply systems, it requires cutting of PVC pipe of varying lengths. Thus, the demand for hacksaw blades is high in urban areas.
APAC Region Projected To Dominate Global Hacksaw Blade Market Growth
Geographically, the APAC region is likely to spearhead the global demand for the hacksaw blade market. The high growth of rate of the construction industry and manufacturing sector in this region is driving the market. An international agreement such as RCEP has further liberalized the market unlocking the potential of the market further. North America and Europe are also showing the positive market trend as residential usage due to DIY and renewed interest in the home activities.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 914.36 Million |
Projected Market Size in 2026 |
USD 1,209 Million |
CAGR Growth Rate |
4.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
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. |
Key Segment |
By Blade Type, By Teeth per Inch, By Material, By Product, By Mechanism Type, By Application, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Browse the full “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 Aluminium), Product (Hand Hacksaw Blades And Power Hacksaw Blades), Mechanism Type (Electric And Manual), Application (Commercial Usage And Home Usage), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/hacksaw-blades-market
The global Hacksaw Blade market is segmented as follows:
By Blade Type
- Regular Hacksaw Blade
- Wavy Hacksaw Blade
- Raker Hacksaw Blade
By Teeth per Inch:
- 14 Teeth Per Inch
- 18 Teeth Per Inch
- 24 Teeth Per Inch
- 32 Teeth Per Inch
By Material
- Brass
- Mild Steel
- Aluminum
By Product
- Hand Hacksaw Blades
- Power Hacksaw Blades
By Mechanism Type
By Application
- Commercial Usage
- Home Usage
By Region
- North America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- 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 and Africa
- GCC Countries
- South Africa
- Rest of MEA
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