Circular Saw Statistics 2024 By Market Size, Share And Types, Company, Injuries and Shipments

Circular Saw Statistics 2024 By Market Size, Share And Types, Company, Injuries and Shipments

Introduction

Circular Saw Statistics: As of reports, the market valuation of the circular saw industry is expected to reach above $12.81 billion. The industry is growing enormously over the world as the demands are growing in various industries such as construction, building, defense, automotive, and aerospace. The overall market is segmented by market share, types, country, company, shipment units, injury, advantages, etc. These Circular Saw Statistics include insights from various aspects that provide light on why circular saws are growing enormously around the world.

Editor’s Choice

  • Current Market Size: The Circular Saw industry was valued at approximately $9.96 billion in 2022.
  • Projected Growth: Expected to grow to $12.81 billion by 2029, at a CAGR of 4.1% from 2023 to 2030.
  • Market Leaders: Top five players (Bosch, Makita, Dewalt, Ryobi, and Milwaukee) hold about 64% of the market share in 2023.
  • Dominant Regional Market: China dominates the market for corded circular saws with a 64% share.
  • Circular Saw Blade Market Value: Projected to reach around $10.99 billion by the end of 2023.
  • Woodworking Circular Saw Blades Market Size: Estimated to be $68.3 million by 2029, according to Future Market Insights.
  • Injury Statistics: Approximately 16.5% of injuries from circular saws lead to 57% of amputations.
  • Market Participation: In 2023, the market includes 2,838 buyers and 2,357 suppliers across 209 and 18 countries respectively.
  • Global Trade Dynamics: As per Volza’s Global Reports 2023, there are 179.7K shipments involving 2,457 buyers and 2,020 suppliers in the circular saw market.

What is a Circular Saw?

The circular saw is a tool that is also termed a circular blade which allows in cutting of a variety of materials such as wood, plastic, metal, and masonry. This is mounted on the top of the spindle and driven by a motor that helps in the rotation of blades at high speed. Circular saws are popular around the world due to their ease of use, versatility, accuracy, speed, power, and portability.

General Facts

  • Global Market Value (2023): Circular Saw blade industry anticipated to reach $10.99 billion.
  • U.S. Market Size Projections: Estimated at $2.51 billion in 2023, growing to $3.63 billion by 2032 (CAGR of 4.20%).
  • Market Share Leader: North America, with over 30% global market share, as reported by Precedence Research.
  • Corded and Cordless Saws Market Size (2027): Expected to reach $735.74 million (corded) and $2556.4 million (cordless).
  • Leading Manufacturers: Key players include Makita, Skil, Ryobi, SKILSAW, DEWALT, RIDGID, Milwaukee, Evolution Power Tools, Rockwell, and Bosch.

India’s GDP Growth

  • India’s GDP Growth Impact: IMF forecasts India’s GDP growth at 6.1% by end of 2023, influenced by investment in circular saws.
  • Battery-Operated Circular Saw Market (2029): Expected market size of $3512.8 million.
  • Carbide Tip Circular Saw Blades (2029): Global market size projected to reach $1212 million.
  • Lithium Battery Circular Saw Market (2029): Valuates.com reports a projected market size of $3,298 million.

Advantages of Circular Saw Machines

  • The main purpose of a circular saw machine is to enable high accuracy with effective surface quality which allows for cutting any high-quality material.
  • This machine provides a long service life and low expenditure.
  • They are available with different specifications at Zeal Tech Automation.
  • They can withstand extreme working atmospheres and can be used both for indoor and outdoor activities.
  • Some special-purpose circular saw machines are available with low operational noise.

Circular Saw Blade Statistics by Market Size

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(Reference: precedenceresearch.com)

  • Global Market Value (2023): Circular Saw blade industry expected to reach around $10.99 billion.
  • Yearly Growth Forecast:
    • 2023: Market size projected at $11.41 billion.
    • 2025: Anticipated growth to $11.85 billion.
    • 2026: Further increase to $12.33 billion.
    • 2027: Expected to rise to $12.83 billion.
    • 2028: Predicted growth to $13.7 billion.
    • 2029: Market size could reach $13.95 billion.
    • 2030: Projected increase to $14.56 billion.
    • 2031: Anticipated growth to $15.22 billion.
    • 2032: Expected to reach $15.92 billion.

These bullet points illustrate the expected year-over-year growth in the global market value of the Circular Saw blade industry, indicating a steady upward trend over the next decade. The figures suggest a consistently increasing demand or expansion in this market segment.

Woodworking Circular Saw Blade Statistics by Market Share

  • According to the report by Future Market Insights, the global market size of woodworking circular saw blades is expected to be $68.3 million by the end of 2029.
  • In 2022, the highest market value was accounted for by the Asia Pacific region with almost 42% of the share.
  • Furthermore, other regions’ market shares are followed by North America (23.7%), and Europe (28.3%).
  • Whereas, from 2023 to 2029 the estimated shipments of woodworking circular saw blades are going to rise by 4.4% of CAGR.

Circular Saw Statistics by Types

  • According to Business Research Insights, the global market size of the corded circular saw industry is expected to reach around $735.74 million by the end of 2027 with a CAGR of 6.01% from 2021 to 2027.

(Source: valuates.com)

  • In 2022, the global market size of the cordless market size of cordless circular saw industry accounted for $2556.4 million and $3512.8 million by the end of 2029 with a CAGR of 4.6%.
  • On the other hand, the commercial cordless circular saw market is expected to reach $1627.3 million with a CAGR of 5.2% from 2023 to 2029.

Circular Saw Statistics by the Company

  • Top Importing Companies:
    • Felder Woodworking Machine Pvt. Ltd: Leads with 1969 shipments.
    • Ravikengineers Pvt. Ltd.: Follows with 657 shipments.
    • CAP Do Industrial Equipment Co. Ltd: Holds 401 shipments.
  • Top Exporting Companies:
    • Felder KG: Dominates with 1860 shipments.
    • Yans Industrial Co. Ltd.: Contributed 501 shipments.
    • Frezite ferramenta de corte S A: Recorded 382 shipments.

These bullet points highlight the leading companies in the circular saw machine market in terms of import and export activities. Felder Woodworking Machine Pvt. Ltd. is the top importer, while Felder KG leads in exports, showcasing their significant presence in the global circular saw market. The shipment numbers reflect each company’s market share and influence in international trade of circular saw machines.

Circular Saw Statistics by Injuries

  • According to the reports of the National Library of Medicine, around 16.5% of injuries are caused due to circular saws and such injuries result in 57% of amputations of patients.
  • Approximately, each year more than 40K people around the world go to emergency rooms for circular saw-related injuries in fingers, arms, hands, and legs.
  • Based on a detailed analysis of 2023, around 70% of injuries occurred when users were combing the machine.
  • According to the reports CPSC, every year on average 200 deaths occur after using circular saws.
  • The main reasons for such incidents are damaged blades, missing blade teeth, and improper mounted of blade guards.

Circular Saw Statistics by Shipments

  • Global Shipment Overview (2023): According to Volza’s Global Reports, the total shipments of circular saw machines are 179.7K, involving 2,457 buyers and 2,020 suppliers worldwide.
  • Top Importing Countries:
    • Netherlands: Leads with 11,592 shipments.
    • Germany: Follows with 9,450 shipments.
    • France: Accounts for 7,594 shipments.
  • Additional Importers: Other notable importing countries include Poland (7,404), Italy (6,521), Spain (5,945), Belgium (5,894), Czech Republic (5,678), and several others.
  • Import Product Categories: The primary imported products are under HSN Codes 84659120, 84659190, and 84615019.
  • Top Exporting Countries:
    • Germany: Top exporter with 26,239 shipments.
    • Italy: Second with 17,946 shipments.
    • Austria: Third with 15,449 shipments.
  • Additional Exporters: Countries like Poland (12,484), Netherlands (11,773), and China (10,090) are also significant exporters.
  • Export Product Categories: The main export categories include HSN Codes 84659120, 84615019, and 84659190.

These points provide a comprehensive view of the circular saw market in terms of international trade. The statistics indicate active global trade in circular saw machines, with European countries leading in both imports and exports. The HSN Codes represent specific categories of circular saws that are most traded internationally.

Global Buyer and Suppliers of Circular Saw Statistics by Country

  • Global Presence of Buyers and Suppliers (2023): The circular saw market includes 2,838 buyers and 2,357 suppliers across 209 and 18 countries, respectively.
  • Leading Buyer Countries:
    • Vietnam: Largest buyer with 850 entities.
    • India: Second with 410 entities.
    • United States: Accounts for 224 entities.
    • Other significant buyers include Bhutan (211), Pakistan (161), and Moldova (85).
  • Leading Supplier Countries:
    • China: Dominates with 793 suppliers.
    • India: Significant supplier with 237 entities.
    • Japan: Follows with 151 suppliers.
    • Additional key suppliers are Vietnam (150), Taiwan (126), and Germany (122).

These bullet points provide a clear understanding of the global landscape of the circular saw market. Vietnam emerges as the leading buyer, indicating a high demand in that region, while China is the top supplier, showcasing its manufacturing strength. The spread of buyers and suppliers across numerous countries reflects the circular saw’s global relevance and diverse market dynamics.

Circular Saw Statistics by Rank

1. DEWALT DCS391B

  • DeWalt DCS391B (overall best)
  • This device is available at Amazon and costs $99
  • Specifications are blade material (high-speed steel), surface recommendation (wood), and power source (battery-powered).
  • The benefits are lightweight and powerful, long-lasting battery, and feels comfortable and sturdy.

2. SKIL 5280-01

  • Skil 5280-01 (best corded and best value)
  • This device costs $49 and is available at Amazon
  • Specifications are blade material (high carbon steel), surface recommendation (wood), and power source (corded electric).
  • The benefits are bright red to indicate power, a laser guide, and a comfortable handle.

3. BOSCH CCS180B

  • Bosch CCS180B
  • This cost $97.72 easily available at Amazon.
  • Specifications are blade material (high-speed steel), power source (18V), and special feature (50-degree bevel range).
  • Benefits are a left-blade design, ergonomic rubber-coated grip, and quick-stopping blade brake.

4. RYOBI P507 ONE+

  • Ryobi P507 One+
  • Specifications are blade material (high-speed steel), Surface recommendation (plastic), and power source (battery-powered).
  • The benefit includes easily slicing through materials, and an affordable, and interchangeable battery with other Ryobi tools.

5. BLACK AND DECKER BDCCS20B

  • Black and Decker BDCCS20B
  • This costs $62, easily available at Amazon
  • Specifications are blade material (high-speed steel), power source (battery-powered), and special feature (depth adjustment).
  • The benefits are comes with a charger and battery, and is portable.

Conclusion

As of today, after completing the article on Circular saw Statistics the industry is growing enormously along with effective productivity and at high speed. Circular saws are termed versatile tools that help in cutting a variety of materials such as wood, plastic, metal, concrete, etc thus, the popularity and demand for this machine is spread around the world.

As of several reports analysis, the estimated market size of circular saw machines is going to reach $246.1 million by the end of 2027 with a CAGR of 12.5%. All possible information is described in the article above; hope will help in understanding the topic better.


Source: Tech News