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Hacksaw Blades Market Size - By Mechanism (Manual, Electric), By Blade Type (Regular Hacksaw Blade, Raker Hacksaw Blade, Wavy Hacksaw Blade), By Blade Material (High Speed Steel, Bimetal, Tungsten Steel, Alloy Steel), Teeth per Inch, Price, Blade Length & Forecast, 2024 – 2032

  • Report ID: GMI8141
  • Published Date: Feb 2024
  • Report Format: PDF

Hacksaw Blades Market Size

Hacksaw Blades Market was valued at USD 1 billion in 2023 and is predicted to witness more than 4.1% CAGR from 2024 to 2032. As an essential cutting tool in metalworking, woodworking, and other industries, hacksaw blades play a crucial role in various applications. The market has seen advancements in blade materials, such as high-speed steel and bimetal, enhancing durability and cutting efficiency. In addition, the demand for specialized blades for specific materials and applications has spurred product innovation. The growing emphasis on precision and efficiency in industrial processes has further fueled the market, as manufacturers seek reliable and durable cutting solutions.

Hacksaw Blades Market

Industrial expansions and construction activities stand out as prominent contributors to the market's demand. As industries expand and infrastructure projects multiply, the need for efficient cutting tools like hacksaw blades becomes paramount for precise metal and material processing. According to the Oxford Economics Group the construction work done up will go up to USD 13.9 trillion in 2037 due to the developing countries experiencing rapid urbanization and infrastructure development. Moreover, the market experiences a surge driven by the increasing preference for wooden furniture, reflecting a broader trend in interior design and craftsmanship. Wooden furniture manufacturing relies heavily on hacksaw blades for intricate cutting tasks, boosting their demand in this specific sector.

The hacksaw blades market encounters significant challenges shaped by the increasing adoption of cutting-edge technologies such as laser cutting and water welding. The precision and efficiency offered by these advanced technologies have led to a shift in preferences among industries, posing a threat to the traditional hacksaw blades industry. Additionally, the growing trend of automation in manufacturing poses a challenge as automated systems often opt for more sophisticated cutting methods, diminishing the demand for manual tools like hacksaw blades.

Hacksaw Blades Market Trends

Increased demand for blades that can handle tougher materials like high-strength steel and alloys, leading to advancements in materials like carbide-tipped blades and bimetal construction. For instance, in 2018, the Milwaukee Sawzall blade lineup expanded with the introduction of Milwaukee Torch with Carbide Teeth. With a relatively small diameter but made of solid metal, it forces the teeth to work the entire cut. In larger pipes, the responsibility shifts from the top to the outsides and back into the bottom of the cut. Carbide Torch can make up to 50 cuts in 1/2″ rebar.

Hacksaw Blades Market Analysis

Global Hacksaw Blades Market Size, By Mechanism, 2021 – 2032, (USD Billion)

The manual segment dominated approximately 60% of the market share in 2023. Manual hacksaw blades are widely favored for their simplicity, cost-effectiveness, and versatility across various applications. Industries and workshops often opt for manual hacksaws for their ease of use, especially in scenarios where precision cutting is essential. Moreover, the manual segment remains popular in regions with diverse industrial landscapes, where the flexibility and accessibility of manual hacksaw blades make them a preferred choice.

The high-speed steel segment accounted for over 45% of the market share in 2023. This prominence can be attributed to the properties such as durability, resistance to wear, and the ability to withstand high temperatures, making it an ideal choice for various cutting applications. Notably, the Bimetal segment is anticipated to exhibit about 4.5% CAGR through 2032. This robust growth can be attributed to the combination of two different metals in bimetal blades, typically a high-speed steel cutting edge and a flexible spring steel back.

Based on the teeth per inch, the 24 TPI segment was reached USD 400 million in 2023. Hacksaw blades with 24 TPI strike a balance between coarseness and fineness, making them versatile for a wide range of cutting applications. This TPI configuration is particularly well-suited for general-purpose cutting tasks, providing a combination of speed and precision.  

Global Hacksaw Blades Market Revenue Share (%), By Application (2023)

The industrial segment acquired around 50% share of the hacksaw blades market in 2023. This significant market share can be attributed to the indispensable role of hacksaw blades in various industrial applications, including metalworking, fabrication, and machinery maintenance. In industrial settings, precision cutting is paramount for ensuring the quality and functionality of end products. Hacksaw blades, with their versatility and ability to handle diverse materials, have become instrumental in meeting the rigorous demands of industrial processes.  

Based on the distribution channel, the offline channels segment captured more than 77% of the revenue share in 2023. Offline channels, including brick-and-mortar stores, industrial supply shops, and hardware outlets, have historically been the preferred choice for procurement in industries relying on cutting tools. The tangible advantage of physically inspecting and purchasing products, coupled with the personalized assistance provided by sales professionals, contributes to the continued dominance of offline channels.

China Hacksaw Blades Market Size, 2021 – 2032, (USD Million)

In 2023,

Asia Pacific hacksaw blades market size surpassed USD 500 million in 2023. This can be attributed to the region’s burgeoning industrial sector, characterized by robust manufacturing activities, infrastructure development, and construction projects across countries like China and India. The expanding industrial landscape amplifies the demand for cutting tools, with hacksaw blades playing a pivotal role in metalworking and fabrication processes. Additionally, the region's thriving construction industry, driven by urbanization and economic development, further propels the need for high-quality cutting tools.

Hacksaw Blades Market Share

Global Company Market Share Analysis (%), (2023)

In 2023, major market players, including Techtronic Industries Co., Ltd., Stanley Black & Decker, Robert Bosch GmbH, CooperTools, Apex Tool Group, and Disston collectively held around 60% market share. The hacksaw blades business is moderately fragmented, with large established companies holding greater shares. These prominent players are proactively involved in strategic endeavors such as mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to R&D, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.

Hacksaw Blades Market Companies

Major players operating in the hacksaw blades industry include:

  • Apex Tool Group LLC
  • Bipico Industries Pvt. Ltd.
  • Black Hawk Industries
  • CooperTools
  • Dewalt
  • Disston
  • Fein
  • Klein Tools
  • Lenox
  • Robert Bosch GmbH
  • Snap-on Tools Company LLC
  • Stanley
  • Starret
  • Techtronic Industries Co., Ltd.
  • TTI Group

Hacksaw Blades Industry News

  • In 2023, Stanley launched the Stanley FATMAX Double Edge Pull Saw replacement blade to enable finer finish and flush cuts.
  • In October 2022, Starett unveiled a partnership with Owlett-Jaton. The distribution partnership introduced a range of Starrett power tool accessories to Owlett-Jaton’s 4,000 customers. The Starrett range with Owlett-Jaton launched on 1 November 2022.

This hacksaw blades market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2018 to 2032, for the following segments:

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Market, By Mechanism

  • Manual
  • Electric

Market, By Blade Type

  • Regular Hacksaw Blade
  • Raker Hacksaw Blade
  • Wavy Hacksaw Blade

Market, By Blade Material

  • High Speed Steel
  • Bimetal
  • Tungsten Steel
  • Alloy Steel
  • Others

Market, By Blade Length

  • Small (< 6”)
  • Medium (6 - 12”)
  • High (Over 12”)

Market, By Teeth per Inch (TPI)

  • 14 TPI
  • 18 TPI
  • 24 TPI
  • 32 TPI

Market, By Price

  • Low
  • Medium
  • High

Market, By Application

  • Residential
  • Commercial
  • Industrial

Market, By Distribution channel

  • Online channel
  • Offline channel

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Indonesia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America 
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA


Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of hacksaw blades was reached USD 1 billion in 2023 and is anticipated to register a CAGR of over 4.1% between 2024 and 2032, owing to their utility in metalworking, woodworking, and other industries.

The high-speed steel segment held a market share of over 45% in 2023 and is expected to grow significantly till 2032, attributed to its durability, resistance to wear, and the ability to withstand high temperatures.

Asia Pacific hacksaw blades industry generated a revenue of approximately USD 500 million in 2023 and is expected to grow significantly till 2032, attributed to a burgeoning industrial sector, characterized by robust manufacturing activities and infrastructure development.

Apex Tool Group LLC, Bipico Industries Pvt. Ltd., Black Hawk Industries, CooperTools, Dewalt, Disston, Fein, Klein Tools, Lenox, Robert Bosch GmbH, Snap-on Tools Company LLC are some of the major industry contenders.

Hacksaw Blades Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 485
  • Countries covered: 23
  • Pages: 370
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