The global hacksaw blades market size was valued at $985.9 million in 2020. The market is forecast to grow at a compound annual growth rate of 4.3% during the forecast period from 2021-2027. 

Hacksaws are fine-toothed saws with a blade that is held in a frame under tension. It can be used to cut metal, wood, and plastic. There are four types of hacksaw blades: nitrated steel, cast iron, aluminum brass, and stainless steel. Hacksaw blades are characterized by their teeth, which are the most important cutting element. A hacksaw blade is available in 10 TPI, 14 TPI, 18 TPI, 24 TPI, and 32 TPI. The blade is used primarily by woodworkers and metal workers as well as by DIY customers. These hacksaws come in a manual and an electrical version.

Factors Affecting the Global Hacksaw Blade Market

• Hacksaw blades are a major driving force in the global hacksaw blades market due to their use in the process of sawmill manufacturing.
• Increasing demand for furniture and an increase in hacksaw blade usage in the sawmill industry where they are used to shape & cut wood is expected to stimulate the market.
• Due to rapid industrialization along with an increase in infrastructure spending, new residential and commercial structures are constructed that use new furniture and cabinets, which, in turn, propels the market growth.
• The rapid adoption of laser cutting technology and water cutting technology in manufacturing industries has substantially slowed hacksaw blade market growth in the last few years.
• Over the forecast period, new growth opportunities are expected for the hacksaw blades market as many developing countries, including China, India, and Brazil will adopt machinery and equipment.

Covid-19 Impact on the Global Hacksaw Blade Market

Covid-19 caused major disruptions in industries such as construction, manufacturing, hotel, and tourism during its outbreak. There was a halt or restriction to manufacturing activities. Across the board, construction and transportation, along with their supply chains, were hindered. Hacksaw blades began to become less and less manufactured, which affected their demand in the market and impacted the market growth. However, the economy is gradually resuming regular manufacturing and service activities. There is a strong possibility that hacksaw blade companies will commence production at full capacity after this, which will benefit the value of the hacksaw blades market in the process.

Regional Analysis of the Global Hacksaw Blade Market

The Asia-Pacific region is expected to dominate the most in revenue. During the forecast period, the Middle East and Africa are expected to register the highest CAGR.

Key Players in the Global Hacksaw Blade Market

The major competitors in the global hacksaw blade market are:

• Stanley Black & Decker, Inc.
• Chronos
• Gedore
• HABUR-SAWS GmbH
• Disston Company
• Klein Tools, Inc.
• Apex Tool Group LLC
• Snap-on Incorporated
• Starrett
• Thomas Flinn & Co.
• Other Prominent Players

Aim of the Report: The Hacksaw Blade Market

The hacksaw blade market is segmented by Application, Consumer Type, Threads per Inch, and Region.

Segmentation based on Application

• Manual Hacksaw
• Electric Hacksaw

Segmentation based on Consumer Type

• DIY
• Professionals

Segmentation based on Threads per Inch

• 14 TPI
• 24 TPI
• Others

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America