According to the report, The global table saws market in 2019 was approximately USD 640.7 Million. The market is expected to grow at a CAGR of 1.5% and is anticipated to reach around USD 823.5 Million by 2026.
A table saw, additionally recognized as a saw bench, is a woodworking tool. It consists of round blades used to cut wooden pieces as nicely as objects made of different materials. Table saws are chiefly used to reduce giant panels and sheets such as plywood and medium-density fiberboard. Various kinds of table saws are reachable in the market based totally on its application. Benchtop table saws are light-weight and are ideally positioned over the desk for the procedure whilst cupboard saws are heavy and use a considerable quantity of forged iron and metal to minimize vibration and improve accuracy.
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A rise in the international populace and technological improvement is using the building enterprise worldwide. Thereby, it suggests an extension in the construction business expenditure, which in flip increases the sales of woodworking machines such as hacksaw, bandsaw, wire-saw, and table saw among others. Moreover, the authority’s initiatives in the direction of expanding building groups are contributing to the table saw market growth over the previous few years. For instance, initiatives such as Pradhan Mantri Awas Yojana (PMAY), National Smart Cities Mission via the government of India are proliferating the increase of the development sector. Maximum table saws that are portable are generally smaller in size. This makes cutting thick wood and plywood tough and for this reason, they are much less efficient compared to stationary table saws. Moreover, portable table saws create extra vibration as they are not fixed in a place, as a consequence ensuing in inefficient cutting. These can hamper the growth of the table saws market. Furthermore, the consumption extent of table saws is related to downstream industries and the world economy. As there will continually be some unsure in the global financial system in the following years, the growth price of table saws enterprise may additionally now not hold that fast. But it is virtually forecasted that the market of table saws is nevertheless promising.
The table saws market is segmented based on product type, application, sales channel. On the basis of product type, the market is classified into the bench, contractor, cabinet, sliding, and others. The sliding segment is the leading segment among the others owing to the increase in various kinds of decorative furniture these days. In terms of application segmentation, the market is bifurcated into the industrial, household. Based on sales channel segmentation, the market is categorized into the direct channels, distribution channels.
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Some of the key players operating in the table saws market, but not restricted to include Baileigh Industrial Holdings LLC., JET Tools, General International Power Products, Felder Group, Zhejiang Pere Tools Co. Ltd., Stanley Black & Decker, Inc., Scheppach, SawStop, SCM Group among others.
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