Overview of the Market for Saw Blade And Handtool in the USA
Market Overview
In 2019, the U.S. saw blade and handtool market increased by 
% to $, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In value terms, saw blade and handtool production rose to $ in 2019. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by % against the previous year. Saw blade and handtool production peaked at $ in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.
% to $, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.In value terms, saw blade and handtool production rose to $
in 2019. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by % against the previous year. Saw blade and handtool production peaked at $ in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, consumption of saw blades and handtools increased by % to units, rising for the third consecutive year after two years of decline. Overall, consumption enjoyed a significant expansion. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.
The value of the saw blade and handtool market in the U.S. soared to $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
% to units, rising for the third consecutive year after two years of decline. Overall, consumption enjoyed a significant expansion. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.The value of the saw blade and handtool market in the U.S. soared to $
in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.Market Forecast
Driven by increasing demand for saw blade and handtool in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
Saw blade and handtool market in the U.S. consists almost entirely of imported products.
Trade Balance
The U.S. remains a net importer of saw blade and handtool; in physical and value terms, imports consistently exceeded exports from 2013 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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