Resurgence in the construction sector and steady recovery of industrial sector in major economies is creating growth opportunities.
Albany, NY -- (SBWIRE) -- 04/10/2018 -- The market for hacksaw blades, which has been widely used in the automobile sector, real estate, engineering sector, construction sector and industrialization is constantly booming. Affordability and easy availability of hacksaw blades continue to ramp up its adoption in key industries. Recently, a study titled "Hacksaw Blades Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026" has been broadcasted to the wide repository of Market Research Hub (MRH), which presents a deep analysis of the latest trends and market expansion traits. According to this latest market research findings, the global market for hacksaw blades is marked to expand at an assessed CAGR of 4.1%. The report also estimates that, hacksaw blades worth over US$ 1,400.9 Mn will be sold worldwide until 2026 end.
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This intelligent study also covers the geographical segmentation which analyzes the scope of the market in different regions including North America, Japan, Europe, Asia Pacific excluding Japan, Middle East & Africa and South America. Moreover, the report provides qualitative and quantitative analysis of the market, in which market dynamics, trends, product summary, and country-level information are covered.
Key Insights from the Study
In every sector, the usage of hacksaw blades is mainly for the purpose of cutting materials such as rods, flat plates, channel and angle. As per the report key outcomes, the overall outlook on global hacksaw blades market is positive, and it is anticipated that demand will continue to grow at a steady pace during the assessment period. In a bid to fulfill the evolving demand, manufacturers are aiming at broadening their product portfolio and incorporating electric hacksaw blades in their offerings.
Moving further, the research deeply analyzes the market opportunities on the basis of blade type, teeth per inch, material type and mechanism type. By blade type, it covers regular, wavy, and raker hacksaw blade. It has been stated in the study that majority of hacksaw blades tools adopted in global construction and metal industry is observed to be wavy hacksaw blades. The effectiveness of these blades throughout the heavy working processes will continue to instrument their growing adoption.
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Metal industry plays a very significant role in the rising demand for hacksaw blades. This report classifies the market on the basis of material type into brass, aluminium and mild steel. On the basis of TPI, the research has found that 18 TPI hacksaw blades remain the highest-selling segment in the market.
From a geographical standpoint, Europe and North America are the two largest markets for hacksaw blades globally.
At last, key players operating in the global hacksaw blades market are highlighted in detail. They include Apex Tool Group, Fein and Lenox, Dewalt, Milwaukee Hand Trucks, Starrett, Disston, CooperTools, Klein Tools, Blackhawk Industries and Stanley.
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