Los Angeles, December 24, 2019 - QY Research recently published a report titled, “Global Hacksaw Blades Market Insights, Forecast to 2025”. According to the report, in 2018, the global hacksaw blades market size was valued around US$64.22 mn and it is expected to reach US$78.31 mn by 2025, rising at CAGR of 2.87% between 2019 and 2025.
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Increased Production Capacity, Affordability, and Low-cost to Propel Market
Hacksaws are generally used for complex cutting tasks in small and medium scale industries. Factors focussed on improving affordability and lowering costs are fueling the demand for hacksaw blades. Additionally, the demand for hacksaw blades is also rising with increasing railroad projects, in-building construction activities, shipbuilding, furniture manufacturing, and others. The growing demand for wood has encouraged sawmills to increase their production capacity which has become a significant factor driving the hacksaw blades market growth.
Furthermore, thriving construction industry is also creating growth opportunities for good-quality furniture. In the evolving market, manufacturers are incorporating electric hacksaw blades. These blades can overcome the limitations of traditional hacksaw such as teeth breaking and quick blunting. All of these factors are expected to amplify growth of the global hacksaw blades market.
Bi-metal Hacksaw Blade to Register Drastic Growth
Bi-metal hacksaw blades are expected to hold a large part of the market as alloyed steel and super-alloyed high speed steel offer hardened teeth and flexible body. It provides several benefits over other hacksaw type including high-cutting performance and single-sided toothing, making it ideal for tough cutting such as hardly divisible steel, non-ferrous metals, and plastics.
Regional Markets to Help Expansion of Global Hacksaw Blades Market
North America and Europe will heavily contribute to the global hacksaw blade market due to growth in construction activities. Other regional markets in included in the report are Asia Pacific, the Middle East and Africa, South and Central America, Southeast Asia, and others.
Manufacturers to Focus on Store and Online segment
Last year, STANLEY announced that it has partnered with The Home Depot to become its exclusive home improvement retailer for hand tools and storage product. They will begin operations from 2019 in both store and online segment. The Home Depot will also garner exclusivity across the STANLEY FATMAX product line, the STANLEY brand, and STANLEY FATMAX, which is one of the largest exclusive partnerships in the tools and storage industry.
The manufacturers covered in the report includes Stanley, TOYA, Starrett, SATA, Jinan Ganghua, Bosi, Lenox, Bahco, PILANA, Hailian Saw, LAOA Tools, Shandong Liangshan Julong, Milwaukee Tool, Irwin Tools, The Great Wall, and others.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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