Rockville, MD -- (SBWIRE) -- 08/16/2018 -- Conventionally, plunge saws consisted of a motor, blade guard, blades and a base to adjust the depth required to make the cut. The drawbacks associated with circulars saws led to the development of plunge saws. A track saw or a plunge saw is a power tool, very similar to a circular saw designed to make straight cuts and more often than not used in conjunction with a guide or track. A plunge saw has a different design which removes the need for a conventional rectangular blade guard, as the blade is enclosed within the machine. The saw has a flat and smooth side that can be used as a guide against a wall or the floor. Moreover, the most important aspect of a plunge saw is its ability to run along a rail or a track. Furthermore, these saws can choose to use 'rail clamps' for extra stability.
Over the past decades, the residential sector has witnessed lots of ups and down. The collapse of Lehman Brothers and the global financial crisis had a severe impact on property sales. Between 2008 and 2012, developers almost stopped working on office projects. However, the residential sector is in its recovery stage, which will spur the demand for homes, which in turn, will increase the demand in the plunge saw market.
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Plunge Saw Market: Dynamics
Growing tourism and growth in hospitality, retail and hospital sectors is expected to spur the demand for furniture, which in turn, will lead to rising demand in the plunge saw market. According to world-bank estimates, the residential sector and home furniture market have witnessed strong growth over the past five years and the trend is likely to continue. However, lack of skilled labors is one of the factors expected to hamper the growth of the plunge saw market.
Plunge Saw Market: Trend/ Regional Outlook
Over the past few years, the furniture industry has developed greatly and is no longer restricted to chairs and tables. It has expanded into manufacturing of home furnishings and interiors that exhibit class and elegance. Moreover, in addition to manufacturing of furniture for offices, living rooms, kitchens and gardens, the industry now also covers manufacturing of mattresses and upholstery. Growing consumer needs, upsurge in consumers' purchasing power and changing lifestyle have positively impacted this market's growth. Due to the aforementioned reasons, the demand for wood furnishing will increase, which in turn, will indirectly increase the demand in the plunge saw market.
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The global Plunge Saw market is segmented into the nine key regions: Latin America, North America, Western Europe, Eastern Europe, South East Asia, India, China, Japan and Middle East and Africa (MEA). Asia is estimated to be the biggest consumer of furniture where and India holds a major share in the furniture industry. As of 2018, the growth in developed regions, such as North America, Western Europe and Japan, will be driven by the expansion of various industries, including the residential sector. Latin America is one of the key regions in the plunge saw market because of the presence of key manufacturers in this region. Demand in the APEJ region can be attributed to the adoption of plunge saw on an increased scale in various end-use industries. MEA is also projected to witness a steady growth rate over the forecast period.
Plunge Saw Market: Segmentation
On the basis of components, the Plunge Saw market can be segmented into:
Guide Track (Optional)
On the basis of end use, the Plunge Saw market can be segmented into:
Plunge Saw Market: Market Participants
Examples of some of the market participants/vendors identified across the value chain of the Plunge Saw market across the globe are KMS Tools, Makita Corporation, Festool GmbH, Batavia, Ningbo Ace Machinery Co. Ltd., Zhangjiagang Scowell Toold Co. Ltd., Shanghai Ostar Tools Int'l Co. Ltd., Robert Bosch GmbH, DeWalt Power Tools, Metabo Power Tools.
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