Hand Saws Market Size, Share, Growth, and Industry Analysis, By Type (Blade Length Below 10 Inch, Blade Length 10-20 Inch, and Blade Length Above 20 Inch), By Application (Residential Use and Commercial Use), and Regional Forecast to 2028

Updated On: 22 April 2024

Report Overview

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The global hand saws market size was USD 457.2 million in 2022. As per our research, the market is expected to reach USD 565.3 million by 2028, exhibiting a CAGR of 3.6% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with hand saws market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The majority of it was used for the machinery and equipment application category. Hand saws systems, which are commonly used in the machinery industry, are used to produce bottles, cans, and other packaging materials. The method is also useful in the dairy industry because milk is used to make ice cream, yogurt, and other dairy products. The pharmaceutical industry makes use of hand saws when using rotary tableting machines to precisely cut pills or capsules before placing them into tablets or capsules. Manufacturers must adhere to extremely fine tolerances while assembling components on a hand saws, which is where the technology is largely used in the aerospace and defense application industry for component fabrication.

Hand saws Systems ability to improve product quality and throughput has increased their demand in the automobile and a sectors. Vacuum-based hand saws systems are becoming more and more popular since they are less expensive to operate and have a smaller impact on the environment than traditional compressed hand saws. The expanding usage of digital fabrication technologies like 3D printing has increased the demand for high-quality airflow in manufacturing operations. Precision drying and cooling applications requiring high-speed airstreams up to Mach 6 speeds are becoming more and more necessary for process industries like food and beverage processing, pharmaceuticals, and semiconductor manufacturing.

COVID-19 Impact: Lockdowns and Business Shutdowns to Affect the Market Growth

The pandemic had an effect on economic restructuring as well as various industries in many different countries as a result of lockdowns, travel restrictions, and business closures. These shutdowns significantly impacted the manufacturing of goods, global sales margins, and delivery schedules. They also seriously harmed global supply systems. Just a few big production companies revealed potential additional delays in products and services during the lockdown period. The combined effect of these factors on product demand resulted in a fall in the hand saws market share on a global scale. Since the post-pandemic period, things have been successfully handled, and further advancement is projected over the projection period.

Latest Trends

"Rise in Product Quality Management Issues to Increase Market Growth"

According to research analysis, this market should expand faster throughout the forecasted period. Everyone has difficulties as a result of the global health issue of obesity. People who lead unhealthy lives are the main cause of obesity. The serious skin conditions that these people have necessitate world-class medical facilities and treatment. Because there is a greater-than-ever rise in demand for these hand saws, this unfortunate situation is really assisting the hand saws industry in growing.

Segmentation

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●     By Type Analysis

According to type, the market can be segmented into Blade Length Below 10 Inch, Blade Length 10-20 Inch, and Blade Length Above 20 Inch, and Other amongst which the leading segment is Blade Length Below 10 Inch.

●    By Application Analysis

Based on application, the market can be divided into Residential Use and Commercial Use amongst which Residential Use is the leading segment.

Driving Factors

"Efficient Characterization to Surge the Market Growth"

The market for hand saws is also being helped by the rising popularity of radiofrequency-based skin procedures. Radio frequency-based therapies have shown useful in the management of a range of skin disorders and are fully non-invasive. For a particular outcome, the hand saws platform from Candela Medical generates incredibly brief pulses with a high peak power. The platform has the ability to treat pigmented lesions as well as skin rejuvenation and toning. These factors collectively are driving the growth of hand saws.

"Technological Advancements to Augment the Market Growth"

Better treatment outcomes and high levels of patient satisfaction have been made possible by the development of hand saws technology. More than 30 different skin conditions, hair removal, and product quality are all addressed by this multi-application platform. As a result of its versatility in treating a variety of ailments in people with various skin types and genders, this device is becoming more and more well-liked among doctors. Hand saws are proven to be quite beneficial, which is why the market is growing.

Restraining Factors

"Less Knowledge of the product to Impede the Market Growth"

The market may run into some major challenges at the same rate as it is growing. The machinery industry does not always use state-of-the-art machinery and product lines. Developing nations could not have been aware of these technological advancements and the advent of hand saws, which could have an effect on their supply chain, demand, and production. It could also result in a fall in hand saws market growth. The rate of market expansion for hand saws could be significantly slowed down if damage control measures are not implemented.

Regional Insights

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"North American Region to Dominate the Market Globally "

Owing to the rising use of lasers in several applications, including medical, industrial, aerospace & defense, among others, the North American hand saws market is anticipated to maintain a dominant position throughout the projected decade. The U.S. was one of the most technologically advanced regions due to its influence over other countries in this region and its rapid infrastructural development.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Stanley (U.S.)
• DeWalt (U.S.)
• TJM Design Corporation (Japan)
• Lenox (U.S.)
• Irwin (Canada)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.