The global china circular slitting blade market is expected to grow by US$865.15 million between 2021 and 2026, at a CAGR of 5.74%. Technavio segments the market by product and geography (Europe, Asia Pacific, North America, Middle East and Africa and South America). The report provides a comprehensive analysis of recent developments, new product launches, key revenue generating segments and market behavior across different regions.
Developing countries such as China, India, Vietnam and Japan are emerging as global producers of consumer electronics and pharmaceuticals. Many global brands are expanding their presence in these countries by opening production plants. For example, in April 2022, American multinational technology company Apple began production of the iPhone 13 at the Foxconn plant near Chennai, India. Such developments are expected to create significant growth opportunities for vendors operating in the market during the forecast period.
Technavio classifies the global china circular slitting blade market as part of the global industrial equipment market. Its parent company is Global Industrial Machinery Market, which covers companies engaged in the production of industrial equipment and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings and other metal products .
The market is primarily driven by the growing demand for cars. Factors such as rising disposable income and changing consumer lifestyles have led to increased demand for new, energy-efficient and technologically advanced vehicles. In addition, countries around the world are encouraging the adoption of electric vehicles and investing in developing electric vehicle infrastructure by increasing the number of charging stations. All of these factors increase new car sales. Saw blades are widely used in the automotive industry to cut metal or rubber, and to shape engine blocks or vehicle wheels. Thus, as automobile sales increase, the demand for saw blades is expected to increase during the forecast period.
The complete report provides information about other factors, trends and issues affecting the market growth.
Market growth in this region is primarily driven by increased construction activity in Europe. Increased levels of immigration led to rapid urbanization in Europe. In fast-growing cities such as London, Barcelona, Amsterdam and Paris, there is an increasing need to accommodate growing urban populations, creating a need for residential and commercial space. These factors are increasing the demand for aesthetically pleasing luxury furniture made from high-quality wood, thereby driving market growth in this region.
Stone cutting saw blades are widely used for cutting and shaping thick materials such as granite, marble, sandstone, concrete, ceramic tile, glass and hard stone. With the growth of the global construction industry, the demand for these blades will increase significantly during the forecast period.
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The global saw blade market is characterized by the presence of many global and regional players. Global suppliers pay special attention to parameters such as smooth and precise cutting, longer blade life and minimal wear during production. On the other hand, regional players pay less attention to these parameters in order to please price-sensitive buyers. They can damage the quality of raw materials such as steel and aluminum used to make saws. However, they have advantages over global players in terms of supply of raw materials and control of product prices. They are also trying to build strong distribution systems and supply chains that will help them gain a market advantage in the coming years.
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AKE Knebel GmbH and Co. Ltd. KG, AMADA Company. Ltd. Continental Machines Inc. DIMAR GROUP Freud America Inc. Illinois Tool Works Inc. Ingersoll Rand Inc. J. N. Eberle and Cie. GmbH, Kinkelder B.V., Leitz GmbH and Co. KG, LEUCO AG, Makita USA Inc., Pilana Metal Sro, ROTHENBERGER Werkzeuge GmbH, Simonds International LLC, Snap On Inc., Stanley Black and Decker Inc., Stark Spa, The MK Morse Co.和 Tyrolean Schleif Metal Works Swarovski公斤
Parent company market analysis, market growth drivers and barriers, fast growing and slow growing segments analysis, impact of COVID 19 and future consumer dynamics, market status analysis during the forecast period.
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Post time: Mar-20-2024
