Global Hacksaw Blades Market to Grow at 4.1% CAGR through 2026, Wavy Hacksaw Blade Sales Remain Robust

ALBANY, USA, 2018-Apr-09 — /EPR Network/ —A new research study titled “Hacksaw Blades Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global hacksaw blades market is likely to grow at a CAGR of 4.1% during the forecast period.

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The report offers in-depth analysis and insights on the global hacksaw blades market, highlighting the key drivers, restraints, opportunities, and trends in the market. A broad competitive analysis has been offered in the report that studies the business and product strategies of the key players in the market. The demand-supply equations, along with analysis and information on the product innovations in the market have been included for the perusal of readers.

According to the report, demand for hacksaw blades is influenced by a range of factors. These blades are mostly used in the small and medium scale industries, and are used for simple cutting tasks. Owing to their use in carrying out a range of basic cutting tasks, their demand has remained steady over the years. The use of hacksaw blades is not limited to any particular sector, and they find applications in construction, industrial, automotive, and engineering domains. On account of these factors, the demand for hacksaw blades is likely to witness steady growth through 2026.

The report also offers insights on the limitations of conventional hacksaw blades, as a growing preference for electric hacksaw blades has been observed. Although traditional hacksaw blades are likely to remain dominant in terms of revenue share, demand for electric hacksaw blades is projected to grow at a higher pace during the assessment period.

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Demand for wavy hacksaw blades is likely to be higher than raker hacksaw blades during the assessment period. According to the report, by 2026-end, wavy hacksaw blades are likely to account for nearly 37% revenue share of the market. In terms of revenues, wavy hacksaw blades are likely to surpass US$ 500 million in revenues. On the other hand, demand for raker hacksaw blades is likely to be to the tune of nearly US$ 300 million by the end of 2026.

According to the report, demand for 18 TPI and 24 TPI hacksaw blades is the highest among end-users. These blades are used across a number of industries owing to their efficacy in cutting applications. Collectively, demand for 18 TPI and 24 TPI was pegged at nearly US$ 600 Mn in 2017.

North America and Europe continue to be two of the largest markets for hacksaw blades during the assessment period. Some of the leading players profiled in the report include Fein and Lenox, CooperTools, Klein Tools, Starrett, Disston, Apex Tool Group, Dewalt, Milwaukee Hand Trucks, Blackhawk Industries and Stanley.

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