Hacksaw Blades Market Analysis

Hacksaw Blades Market Analysis

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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.

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.

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.