PUNE, India - The global saw blades market is expected to grow at a compounded annual growth rate (CAGR) of 7.1 percent from 2016 to 2020, according to the recent Global Saw Blades Market report from ReportsnReports.com.

The surge in demand is fueled by the luxury home and office furniture markets, which require specialized saw blades for precision cutting of wood along with providing minimum waste of raw materials, analysts say. The increasing popularity of modular kitchens and cabinetry are also a driver. Another factor contributing to growth of the global saw blade industry is increased saw mill production as the demand for wood by these end-users rises.

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According to the report the competitive landscape looks promising in both emerging as well as developed countries with numerous global and regional players offering a wide range of saw blades. Key players in the Global Saw Blades Market include AKE, Dimar, Freud, Leuco and Pilana. Other prominent vendors in the market are: Lenox, Morse, Kinkelder, Leitz, STARK, Tyrolit and Rothenberger, analysts say.

The report notes that competition from low-cost vendors puts the global suppliers under pressure to reduce the price of their products, resulting in price wars, and affects the profit margins of the vendors in the market, and impedes market growth.

ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5,000 micro markets, offering studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.

A complete report on saw blades market spread across 59 pages, analyzing 5 major companies and providing 40 data exhibits is now available at http://www.reportsnreports.com/reports/496186-global-saw-blades-market-2....

 

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