Global Circular Saw Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Circular Saw Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A circular saw is an electric saw that turns a round flat blade to cut wood, metal, or plastic depending on the blade selected. Circular saws have a handle with on/off trigger switch, an arbor nut to hold the blade in place, and guards to protect the operator from touching the spinning blade. In addition, circular saws have height/depth and bevel adjustments. Refer to the circular saw's operations manual for specifics.

Market Overview:

The latest research study on the global Circular Saw market finds that the global Circular Saw market reached a value of USD 272.43 million in 2022. It’s expected that the market will achieve USD 356.0 million by 2028, exhibiting a CAGR of 4.56% during the forecast period.

The upstream industry

Covid-19 causes instability in the supply chain. The resulting shortage of raw materials and labor will affect the entire supply chain, forcing many factories to restrict or temporarily close. Eventually, it severely damaged the demand of downstream industries and the ability of enterprises to put goods on the market.

The downstream industry

COVID-19 has led to a decrease in demand in the downstream construction industry and Wood Product Manufacture Industry. For example, COVID-19 caused the construction personnel to not be in place. The shortage of construction workers will haunt construction firms for a long time. It is difficult to recruit people during this time. Some road-building projects have run aground right now. In addition, some countries announced the suspension of production and shutdown under this situation. In the short term, downstream demand is sharply reduced.

The evolving construction industry

Rise in wood and stone quarrying activities and expansion of the semiconductor industry in this region are key factors driving the demand for circular saw blades. The building and construction industry in the region are also expanding; therefore, cutting and sizing of wood, tiles, stones, concrete etc. With the development of economy and technology, urbanization in developing countries, there is a significant market for building & construction, which drives the demand for circular saw blades. What is more, Latin America and Middle East and Africa are still emerging markets, the construction industry in these regions is growing at a significant pace and can hold a substantial share in the future.
In developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for Circular Saw.

Improve performance

With the progress in science and technology, more advanced production methods, investment of companies, there will be more cost effective, high performance product in the future.

Emerging countries

For example, China, India are developing their industries, with the progress of economy and technology, the increase demand of downstream, the market of Circular Saw Blade has its market potential.

Region Overview:

Europe is projected to account for a considerable share of the Circular Saw market and is expected to become the largest region by 2028.

Company Overview:

Stanley Black & Decker is one of the major players operating in the Circular Saw market, holding a share of 18.23% in 2023.

Stanley Black & Decker

Stanley Black & Decker Inc. is a diversified global provider of hand tools, power tools and related accessories, mechanical access and electronic security solutions, healthcare solutions, engineered fastening systems, and more.

Makita

Makita Corporation manufactures electric power tools, including battery-operated power tools, stationary wood working machines, pneumatic devices, and gardening tools. The Company also produces power tool attachments and accessories and provides parts replacement and repair services.

Segmentation Overview:

As for product types, the Cordless Circular Saw segment held the largest market share in 2022.

Corded Circular Saw

Corded circular saws will require plugging in to operate and will typically run on a larger and more powerful motor than the cordless types. The corded circular saws will also often come with a larger blade than the cordless types which allows them to make deeper cuts.

Cordless Circular Saw

The cordless circular saws mostly run on lithium-ion batteries which are typically 18 or 20-volt and with one, people will not have to worry about cords and extensions. The cordless circular saws are also generally safer power tools to use and will hardly make any significant noise when in operation.

Application Overview:

By application, the Wood Product Manufacture Industry segment occupied the biggest share from 2018 to 2022.

Construction Industry

Construction is a high hazard industry which comprises a wide range of activities involving plans, design, constructs, alteration, maintains, repairs, and eventually demolishes of buildings, civil engineering works, mechanical and electrical engineering and other similar works. These activities may all involve the use of a circular saw.

Wood Product Manufacture Industry

The branch of the wood industry that carries out the mechanical and chemical-mechanical treatment and processing of timber and that utilizes various woods for its raw materials. The industry produces sawn wood, sleepers, plywood, wood panels, and beams. These processes need to use Circular Saw.

Home Use

Circular Saw can be used to manufacture various items in a home studio.

Key Companies in the global Circular Saw market covered in Chapter 3:

Milwaukee Electric Tool
Makita
Stanley Black & Decker
Festool
Atlas Copco
Robert Bosch
Ryobi
Skil
Emerson Electric
Zhejiang Xinyuan Electric Appliance

In Chapter 4 and Chapter 14.2, on the basis of types, the Circular Saw market from 2018 to 2029 is primarily split into:

Corded Circular Saw
Cordless Circular Saw

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Circular Saw market from 2018 to 2029 covers:

Construction Industry
Wood Product Manufacture Industry
Home Use
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)