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Hacksaw Blades Market Size

  • 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.


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.


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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