Global Sawing and Cutting Tools Market to Reach $9.4 Billion by 2030
The global market for Sawing and Cutting Tools estimated at US$7 Billion in the year 2023, is expected to reach US$9.4 Billion by 2030, growing at a CAGR of 4.4% over the period 2023-2030. Industrial Application, one of the segments analyzed in the report, is expected to record 4.7% CAGR and reach US$6.6 Billion by the end of the analysis period. Growth in the DIY Application segment is estimated at 3.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 7.4% CAGR
The Sawing and Cutting Tools market in the U.S. is estimated at US$1.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.
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