Hacksaw is equipment generally used for cutting metals.It comes with fine toothed saw for sharp cutting of material. Hacksaw offers applications predominantly in manufacturing and construction industry as in these industries the cutting of the material is required in the large extent. Hacksaw blades are available in different sizes and shapes in the market and these are selected based upon the requirement and the application. Growth of the construction industry and manufacturing industry is very important for growth ofthe hacksaw blades market.

Market scope and structure

COVID-19 scenario analysis:

• The demand for Hacksaw blades is expected to decrease in the year 2020, owing to low demand from different industries such as manufacturing and aerospace industry due to lockdown imposed by government of many countries.
• COVID-19 pandemic has shut-down production of various products in the Hacksawblades industry, mainly owing to prolonged lockdown in major global countries. This has hampered growth of the Hacksawblades market significantly from last few months, as is likely to continue during 2020.
• COVID-19 has already affected sales of equipment and machinery in the first quarter of 2020 and is expected to cause a negative impact on the market growth throughout the year.
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

Hacksaw blades are considered as an effective and efficient tool used to perform the cutting operation which could be complex cutting task or basic cutting task.  Cost effectiveness and fine cutting these are the two properties which the hacksaw blades posses. Therefore hacksaw blades are widely used for cutting operations in medium scale and small scale industries. This is the important factor which will help the hacksaw blades markets to grow.

There is transformation in equipment in almost every sector. Many companies have started using electrical hacksaw blades in place of manual hacksaw blades. Taking this factor into the consideration, the manufacturers of the hacksaw blades have started to manufacture the electrical hacksaw blades in large quantity. Electrical hacksaw blades give better cutting finishing as compare to the manual hacksaw blades. Therefore the demand for the electrical hacksaw is expected to increase during forecast period. Along with the mass production of the electrical hacksaw blades, manufacturers are also trying to reduce the limitations which manual hacksaw blades posses such as teeth breaking and fast blunting. Hence, manual hacksaw blades could operate more effectively.

Another type of hacksaw blade is bimetal hand hacksaw blade and it is popular in industries because of its flexible features such as variable threads per inch (TPI). This type of hacksaw blades is used for the residential applications such as cutting of small metal sheet. Due to these factors, there is high demand for the bimetal hand hacksaw blade and hence, manufacturers are trying to produce these hacksaw blades in large number to cope up with the demand. The demand for 18 TPI hacksaw blade is more as compare to the 14 TPI, 24 TPI and 32 TPI.

New product launch to flourish the market:

Many companies in the hacksaw blades market are developing and introducing new products to the market. These new products are technologically more advanced than the previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry.

In January 2020, Bipico, one of the leading manufacturers of industrial tools has launched advanced handsaw blade named as HSS hand hacksaw blades. This hand hacksaw blade comes with special milled teeth and for better material removal smooth gullets is also used in this hand hacksaw blade. This blade is capable of cutting the material in very less time and also the teeth life of this hacksaw blade is more.

Key driving and restraining factor for growth of the hacksaw blades market:

Metal cutting is one of the important and basic processes in the manufacturing of any component. Without fine and accurate cutting,better finishing of the manufactured product cannot be achieved. Therefore, to achieve the good quality cutting of the metal, hacksaw blades are used. This is the key driving factor for the growth of hacksaw blades market. However, there are some issues related with the manual hacksaw blades such as teeth breaking and fast blunting. This factors needs to be addresses by the manufacturers otherwise it could hamper the growth of hacksaw blades market.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the hacksaw blades market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• The report provides a detailed hacksaw blades market analysis based on competitive intensity and how the competition will take shape in coming years.