Diamond Saw Blades Market Size, Share, Growth, and Industry Analysis, By Type (Sintering, High-Frequency Welding, Laser Welding), By Application (Stone, Building Construction, Ceramic, Others) and Regional Insights and Forecast to 2031

Updated On: 06 May 2024

DIAMOND SAW BLADES MARKET REPORT OVERVIEW

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The global diamond saw blades market size was USD 7650 million in 2020 and will touch USD 9610.2 million by 2027, exhibiting a CAGR of 3.3% during the forecast period.

Diamond saw blades are a type of diamond disc that consists of several small segments or steels attached to a central hub. Thanks to this construction, the blade cuts through materials more easily and with less wear than a traditional diamond blade. Segmented diamond saw blades are often used to cut concrete, stone and other hard materials. They can also be used to cut metal, plastic and other soft materials. The segments also offer a longer service life than traditional diamond discs because they can be replaced if worn or damaged.

The global diamond saw blade market is expected to experience strong growth with a CAGR during the forecast period. The market is driven by significant demand from various industries such as construction, stone processing and automotive. Diamond saw blades have advantages such as high-precision cutting, durability and wear resistance, which increase their demand worldwide.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The outbreak of COVID-19 has affected most major markets around the world. COVID-19 has a negative impact on the target market. Due to COVID-19, supply chain disruptions, fluctuations in raw material supplies, insufficient manufacturing facility manpower and low end-user demand have hindered the growth of target industries in developed and emerging economies around the world. However, the COVID-19 situation is slowly easing and most industries have started operating facilities at full capacity.

LATEST TRENDS

"Automation of the Furniture and Woodworking Production Process will Drive Market Growth"

The adoption of advanced furniture and woodworking production technologies is constantly increasing, which leads to an increase in saw blade production in the market. Machines equipped with different types of saw blades can reduce working time and physical effort, which increases overall power. These factors create opportunities for the production of sawmills with the technological development of the market.

DIAMOND SAW BLADES MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Sintering, High-Frequency Welding, Laser Welding.

Laser welding is a process used to join metals or thermoplastics using a laser beam to form a weld.

High or radio frequency welding is the joining of materials by applying HF energy in the form of an electromagnetic field and pressure to the material surfaces to be joined.

By definition, sintering is a process used to compact solid materials. The resulting product is a harder, stronger and more durable mass, because the high heat and pressure forces the atoms of the material into tighter bonds.

• By Application

Based on application the global market can be categorized into Stone, Building Construction, Ceramic, Others.

Construction, mechanical engineering and industry related to the assembly and erection of structures mainly used for defense.

Ceramic is a material that is neither metallic nor organic. It can be crystalline, vitreous or both crystalline and vitreous.

DRIVING FACTORS

"Increasing Urbanization and Limited Living Spaces to Boost the Market"

Increased demand for automobiles is one of the factors driving the diamond saw blades market. The diamond saw blades is widely used in the automotive industry to cut metals or rubber, and to shape the frame or wheels of a vehicle or engine. On the other hand, the popularity of electric cars has grown along with technical innovations. For example, the United States is expected to be the world's leading producer of next-generation vehicle technology. With financial incentives and support from R&D, the country believes it will reduce dependence on petroleum products used in transportation, and the future of electric vehicles looks promising. Such increasing development of electric vehicles will lead to the diamond saw blades market growth during the forecast period.

"Technical Advances In Blades to Propel Market Growth"

Technical advances in circular sawmills are more innovative, less time consuming and less prone to accidents in the manufacturing industry. With the rapid growth of the construction industry worldwide, saws equipped with technical tools such as automatic table saws equipped with sensors and monitors are in high demand. This integration of technical equipment and saw blades can fuel the saw blade market worldwide.

RESTRAINING FACTORS

"Lack Of Qualified Human Resources In Safety Standards to Impede Market Growth"

Safety standards and regulations are an important issue that requires manufacturers to invest a large part of their budgets in research and development to meet critical needs. In order to regulate the correct use and maintenance of waste material, manufacturers must take into account energy requirements, waste disposal and ecological use of materials so that they do not harm the environment. Manufacturers must organize training programs for workers to understand and apply safety rules, which also requires time and money. However, the market can be hampered by economic fluctuations and lack of human resources. Fluctuation in prices of raw materials is one of the factors restraining the growth of the saw blade market. Important raw materials for metal production, such as iron, steel and others, experienced significant price fluctuations.

DIAMOND SAW BLADES MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market due to Presence of a Large Consumer Base"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia Pacific dominated the global segmented diamond saw blades market share in terms of revenue in 2019. The growth is mainly due to increasing demand from China and India, which are the major producers of ceramics and filament. In addition, construction activity in emerging economies such as China and India are expected to increase demand for products during the forecast period.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The diamond saw blades market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• LEUCO (Germany)
• Lenox (U.S.)
• Shinhan (South Korea)
• EHWA (South Korea)
• Stark Spa (Italy)
• Bosch (Germany)
• Diamond Products (U.S.)
• NORTON (U.S.)
• Diamond Vantage (U.S.)
• MK Diamond Products (U.S.)
• DanYang Huachang Tools (China)
• Danyang Yuefeng (U.S.)
• Danyang Chaofeng (U.S.)
• Wan Bang Laser Tools (China)
• JR Diamond Tools (China)

INDUSTRIAL DEVELOPMENT

May 2023: The American company Makita Incorporated launched a bi-metal band saw blade. This tool is very useful for cutting a variety of materials with cordless and corded band saws. Band blades are available with multiple tooth options to cut different materials.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.