Market Forecast By Product Type (Circular Saw, Band Saw, Chain Saw, Hand Saw, Others), By Application (Wood Cutting, Metal Cutting, Stone Cutting, Others) And Competitive Landscape
Product Code: ETC427655 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Saudi Arabia saw blade market is projected to grow in the forecast period. Rising demand for construction, industrial and agricultural materials has increased the demand for saw blades. However, some challenges that the market faces include a lack of familiarity with safety standards for blades, as well as stringent regulations governing their manufacturing and sales.
According to 6Wresearch, the Saudi Arabia Saw Blade Market size is expected to grow during 2022-2028. The market is currently witnessing high demand from both domestic and international customers owing to its diverse applications such as construction, oil & gas, mining, marine and transportation. owing to its diversified application areas, the market is expected to grow at a higher rate compared to other regions. In addition, owing to the increasing awareness about the importance of safety in work environments, companies are increasingly investing in blades that meet or exceed regulatory standards.
The Saudi Arabia saw blade market growth is mainly due to the increasing demand for green construction and other industrial applications in the country. Other factors contributing to the growth of this market are the increase in the production of rebar and concrete, and the increase in infrastructure development activities such as road construction and housing projects. Moreover, government investment in R&D and modernization of the industry should help boost innovation.
Other factors leading to increased demand for saw blades in Saudi Arabia include increasing industrialization and urbanization, which are resulting in an increase in the number of manufacturing units across the country. Additionally, there is increasing awareness about safety measures related to construction projects, thereby resulting in an inclination towards using safer saw blades.
The main restraints for the Saudi Arabia saw blade market revenue are several factors:
However, some restraints such as high import costs and stringent regulations are restraining the growth of this market. In addition, there is a lack of awareness about saw blades among consumers in Saudi Arabia. Besides, there is also a lack of skilled manpower required for manufacturing these blades. These factors are expected to hamper the growth of this market over the next few years.
In terms of product type, the circular saw segment is expected to account for the highest share in the Saudi Arabia saw blade market revenue. The main drivers of this market are rising usage of this tool in commercial and industrial applications as well as its low cost. The band saw segment is expected to grow at a higher rate than other product types during this period. This is due to its widespread use in woodworking and furniture manufacturing industries. The chain saw segment is projected to grow at a slower pace compared to other product types owing to its high cost and limited adoption in Saudi Arabia so far.
The outbreak of COVID-19 has had a significant impact on the Middle East saw blade market. The market is expected to experience a decrease in demand due to the slowdown in construction and manufacturing activity as a result of the pandemic. Additionally, the closure of many businesses has led to a shortage of raw materials, which has resulted in higher prices for saw blades. This is likely to have a negative impact on the market in the short term. However, it is expected that the market will recover once the pandemic subsides and business activity returns to normal.
The Saudi Arabia saw blade market share is highly competitive with a large number of manufacturers and distributors. The market is mainly driven by the need to find affordable and quality saw blades that can handle various types of construction work.
The major players in the Saudi Arabia saw blade market include ABB, Shimadzu, Hitachi, Toshiba, and Mitsubishi Electric Corporation. These companies are able to compete with one another by offering high-quality products at an affordable price.
One of the key factors that contributes to the high competitiveness of the Saudi Arabia saw blade market is the fact that there are a large number of small players. This allows companies to offer customized solutions for specific needs in the market.
Another important factor contributing to the competitiveness of the Saudi Arabia saw blade market is the fact that there are a large number of end users. This ensures that companies have a wide range of customers from which to draw inspiration for their products.
The report offers a comprehensive study of the subsequent market segments:
By Product Type
By Application
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Saw Blade Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Saw Blade Market Revenues & Volume, 2021 & 2028F |
3.3 Saudi Arabia Saw Blade Market - Industry Life Cycle |
3.4 Saudi Arabia Saw Blade Market - Porter's Five Forces |
3.5 Saudi Arabia Saw Blade Market Revenues & Volume Share, By Product Type, 2021 & 2028F |
3.6 Saudi Arabia Saw Blade Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 Saudi Arabia Saw Blade Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Saw Blade Market Trends |
6 Saudi Arabia Saw Blade Market, By Types |
6.1 Saudi Arabia Saw Blade Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Saw Blade Market Revenues & Volume, By Product Type, 2018 - 2028F |
6.1.3 Saudi Arabia Saw Blade Market Revenues & Volume, By Circular Saw, 2018 - 2028F |
6.1.4 Saudi Arabia Saw Blade Market Revenues & Volume, By Band Saw, 2018 - 2028F |
6.1.5 Saudi Arabia Saw Blade Market Revenues & Volume, By Chain Saw, 2018 - 2028F |
6.1.6 Saudi Arabia Saw Blade Market Revenues & Volume, By Hand Saw, 2018 - 2028F |
6.1.7 Saudi Arabia Saw Blade Market Revenues & Volume, By Others, 2018 - 2028F |
6.2 Saudi Arabia Saw Blade Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Saw Blade Market Revenues & Volume, By Wood Cutting, 2018 - 2028F |
6.2.3 Saudi Arabia Saw Blade Market Revenues & Volume, By Metal Cutting, 2018 - 2028F |
6.2.4 Saudi Arabia Saw Blade Market Revenues & Volume, By Stone Cutting, 2018 - 2028F |
6.2.5 Saudi Arabia Saw Blade Market Revenues & Volume, By Others, 2018 - 2028F |
7 Saudi Arabia Saw Blade Market Import-Export Trade Statistics |
7.1 Saudi Arabia Saw Blade Market Export to Major Countries |
7.2 Saudi Arabia Saw Blade Market Imports from Major Countries |
8 Saudi Arabia Saw Blade Market Key Performance Indicators |
9 Saudi Arabia Saw Blade Market - Opportunity Assessment |
9.1 Saudi Arabia Saw Blade Market Opportunity Assessment, By Product Type, 2021 & 2028F |
9.2 Saudi Arabia Saw Blade Market Opportunity Assessment, By Application, 2021 & 2028F |
10 Saudi Arabia Saw Blade Market - Competitive Landscape |
10.1 Saudi Arabia Saw Blade Market Revenue Share, By Companies, 2021 |
10.2 Saudi Arabia Saw Blade Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |