Apr 19, 2021   SOURCE: BusinessWire

$6.3 Billion Worldwide Sawing and Cutting Tools Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

The "Sawing and Cutting Tools - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Sawing and Cutting Tools estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$8.7 Billion by 2027, growing at a CAGR of 4.7% over the period 2020-2027.

Industrial, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$6.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the DIY segment is readjusted to a revised 4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 7.7% CAGR

The Sawing and Cutting Tools market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Select Competitors (Total 36 Featured):

  • Apex Tool Group
  • Atlas Copco
  • Hilti Corporation
  • Ingersoll-Rand
  • KOKI Holdings
  • Makita Corporation
  • Robert Bosch
  • Snap-on Incorporated
  • Stanley Black & Decker
  • Techtronic Industries

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 36

For more information about this report visit https://www.researchandmarkets.com/r/qep5ml