The growing demand for wood and metal cutting applications is the key factor driving the market for jigsaw blades. The sector is also predicted to develop as a result of the growing acceptance of do-it-yourself projects.
Due to the rising construction industry globally, there will probably be a significant growth in jigsaw blade demand in the next years. The industry is also predicted to grow as a result of the rising trend of home improvement. Furthermore, the availability of a range of jigsaw blades is likely to fuel market growth.
Jigsaw blades are more frequently needed because of the growing demand for wood and metal cutting applications. The market is also predicted to grow as a result of the rising construction activity in countries like China and India. The business is also predicted to profit from the expansion of online shopping.
Jigsaw blades provide a number of benefits, including the capacity to sever a wide range of materials, including plastic, metal, and wood. These blades can be found in a wide range of sizes and forms, making them perfect for usage in a variety of applications. Jigsaw blades have the significant benefit of being easily replaceable, which saves consumers money and makes them a cost-effective solution.
Jigsaw blades are cutting tools that can be used to shave metal, wood, and other materials. Depending on the kind of material that needs to be cut, they are used in a range of sizes and shapes. The blades' tensile strength and hardness are a result of the high-speed steel or tungsten carbide utilised in their manufacture. Jigsaw blades are used for a variety of activities, such as cutting metal and wood. They are often used in the construction and automotive industries to cut a range of materials. In the electronics industry, they are also used to cut printed circuit boards and other components.
Jigsaw blade sales are predicted to increase globally from 2021 to 2031 at a CAGR of 5.5%. According to projections, the market will reach USD 1,847.5 million by 2031.
One of the key elements anticipated to restrain market expansion during the forecast period is the high cost of jigsaw blades. The lack of consumer awareness of these items is another factor that is anticipated to limit the market growth. However, it is projected that the market would see new opportunities due to the growing acceptance of online shopping.
Bosch, Dewalt, Hitachi Koki, Makita, and Stanley Black & Decker are some of the major companies in the jigsaw blade market. Milwaukee, Würth Elektronik, and Fein are additional players.
The T-Shank Type to Emerge as the Most Lucrative Segment
During the projection period, the T-shank is anticipated to expand at the greatest CAGR. Due to the vast variety of applications, it has across numerous sectors, the T-shank type segment is anticipated to hold a significant proportion of the jigsaw blades market. Due to its rising consumer acceptance, the U-shank type category is also anticipated to have considerable expansion in the upcoming years.
The Most Popular Application Segment is Wood
The market for jigsaw blades is anticipated to be dominated by the wood-cutting application segment because of the expanding demand from the furniture and construction sectors. Moreover, because of the increasing demand for these goods from the automotive and aerospace industries, the metal-cutting application segment is anticipated to have considerable expansion in the years to come. While applications like plastics and ceramic cutting are included in the Others sector and are projected to expand at a moderate rate over the next several years. Jigsaw blades are predicted to experience significant growth in the upcoming years because to the variety of applications.
The Asia Pacific (APAC) region to render Adequate Financing Avenues
Because there are so many manufacturing firms in the Asia Pacific region, it is anticipated that this region will be the greatest market for jigsaw blades. Additionally, it is anticipated that the growing construction industry in nations like China and India will fuel the expansion of this market. Due to the rising demand for metal and wood-cutting applications, the markets in North America and Europe are also anticipated to experience considerable expansion in the upcoming years. In the upcoming years, the South American market is also anticipated to expand gradually. due to the area's high concentration of construction enterprises. Furthermore, due to the escalating need for building activities in these countries, the Middle East and Africa are anticipated to experience the quickest growth in the jigsaw blade market.
COVID-19 Impact and Market Status
Businesses across all industries are struggling as a result of the COVID-19 outbreak, which has had a severe effect on the world economy. The lockdown enforced in several countries has had a particularly negative impact on the construction industry. Due to this, demand for jigsaw blades has decreased from end-use sectors including building and woodworking. Additionally, supply problems and manufacturing unit closures have slowed market expansion. Additionally, it is projected that a decline in consumer disposable income will short-term market growth. The market for jigsaw blades is anticipated to increase in the upcoming months as governments gradually relax shutdown restrictions and resume operations. Due to rising industrialization and construction activity around the world, the market is anticipated to rise significantly during the forecast period. Over the course of the forecast period, market growth is also predicted to be fueled by the rising popularity of do-it-yourself (DIY) projects.
Latest Innovations in the Global Jigsaw Blades Market: A Snapshot
• Freud DSI announced the introduction of a new series of stainless steel-cutting jigsaw blades in January 2019. According to reports, the blades vibrate very little during cutting.
• The company's line of jigsaw blades is compatible with the new Hackzall and Sawzall reciprocating saws, which Milwaukee Tool (USA) introduced in October 2019.
• A new line of jigsaw blades from Makita Corporation (Japan) for cutting materials like wood, metal, and plastic was introduced in November 2019.
• Robert Bosch GmbH (Germany) introduced a new series of jigsaw blades for cutting various materials, including wood, metal, and plastic, in December 2019.
• A new series of jigsaw blades for cutting a variety of materials, including wood, metal, and plastic, was introduced by Dremel (USA) in January 2020.
Jigsaw Blades Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2032||USD 1,847.5 million|
|Growth Rate||CAGR of 5.5% during 2021-2031|
|Segment Covered||by Type, by Deployment, By Application, by Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Bosch, Dewalt, Hitachi Koki, Makita, and Stanley Black & Decker, Milwaukee, Würth Elektronik, and Fein|
Key Segment of Global Jigsaw Blades Market
By Type Overview 2021-2031, (USD Million)
By Application Overview 2021-2031, (USD Million)
By Region Overview 2021-2031, (USD Million)
• Rest of Asia Pacific
• Rest of North America
• Rest of Europe
Middle East and Africa