Power Saw Market was valued at USD 5.67 Billion in 2022 and is projected to reach USD 8.56 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global power saw market witnessed substantial growth from 2018 to 2022, driven by an increasing demand for power tools across industries such as construction, automotive, and home improvement. This surge in demand can be attributed to advancements in technology, greater availability of power tools, and the increasing need for efficiency in cutting operations. Additionally, the rapid growth of the DIY (Do-It-Yourself) trend contributed to a boost in demand, particularly in home renovations and woodworking. Power saws became essential tools, with consumers opting for more specialized models such as circular saws, jigsaws, and miter saws to cater to their specific needs. As a result, the market saw a notable rise in product innovations and competitive pricing during this period, enhancing market penetration across various regions.
As we compare the growth observed between 2018 and 2022 with future projections from 2023 to 2033, several key trends emerge that will shape the power saw market. Analysts forecast that the demand for power saws will continue to rise, albeit at a more steady pace as the market matures. Several factors are expected to contribute to this steady growth, including the ongoing adoption of sustainable materials in construction and increased investments in infrastructure projects. With an anticipated boom in construction activity in developing regions, particularly Asia-Pacific, the power saw market is set to see a rise in demand, with a focus on both residential and commercial building projects. Moreover, rising demand for battery-powered tools, driven by eco-conscious consumers and improvements in lithium-ion battery technology, will be a major factor in the market's expansion. Furthermore, growing interest in precision and automated cutting technology will likely lead to the development of more sophisticated, high-performance power saw models, further driving market growth.
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Makita
Skil
Ryobi
SKILSAW
DEWALT
RIDGID
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Power Saw Market
Woodworking
Metalworking
Lumbering
Others
Based on Types the Market is categorized into Below types that held the largest Power Saw market share In 2023.
Circular Saw
Band Saw
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Power Saw Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Power Saw Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Power Saw Market, By Type
6. Global Power Saw Market, By Application
7. Global Power Saw Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Power Saw Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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