|Forecast Period :||2018-2026|
|Base Year :||2018|
|Leading Market Segments :||Belt Segment|
|Value in 2018 :||$389.5 Billion|
|Research covered :||100+ Countries|
Global Statistics Representing Sliding Table Saw Market Scenario
Sliding table saws play a vital role in transforming basic materials such as wood, plastic, and metal into more suitable forms. They are used for cutting large panel and sheet goods such as plywood and metal. A sliding table saw is equipped with a sliding table on the left side of the blade, generally attached to a folding arm mounted under the table. These saws are extensively used by large production cabinet shops to obtain the desired shape of plywood or MDF (medium-density fiberboard). The machine mainly runs on 3- and 5-phase induction motors, but sometimes a 7-phase induction motor is used. It does not require any special maintenance and repair, which further reduces the overall maintenance and repair cost.
The sliding table saw machine market is expected to witness significant growth during the forecast period, owing to the rising popularity of decorative furniture. Automated sliding table saws are garnering attention from key players in furniture and woodworking industries due to the increasing need to meet production targets.
Researchers at MIT (Massachusetts Institute of Technology) have created a robot-assisted system, ‘Auto Saw’ for making furniture. Growing industrialization, coupled with added benefits offered by automated and robotic sliding table saws, is expected to create lucrative opportunities in industrially developing nations such as China, Japan, the U.K., and the U.S., among others.
The global sliding table saw market was valued at USD 389.5 million in 2018 and is expected to reach USD 543.2 billion by 2026 with an anticipated CAGR of 4.25% during the forecast period, 2019–2026.
The global sliding table saw market can be segmented by type, application, and sales channel.
On the basis of type, the market can be segmented into driven directly, driven by belt, and driven by gears. The driven by belt segment accounts for over a 59% market share in terms of revenue and is expected to dominate the market throughout the forecast period. Sliding table saws driven by belts suffer from relatively low wear and tear. A wide variety of power transmission belts used in these saws are available in the market, including flat belts, V belts, synchronous belts, and multi-ribbed belts.
On the basis of application, the market can be segmented into the wood, metals, plastics, and others. The wood segment the largest market share in terms of revenue and is expected to dominate the market throughout the forecast period, owing to the relatively high use of sliding table saws for wood cutting in the furniture market.
Based on sales channel, the market can be segmented into direct channel and distribution channel. The distribution channel is expected to witness noteworthy growth in the market. Distribution of any product indirectly influences revenue and gross margin to some extent. Online retailer, distributor, and offline retailer are some of the major indirect distribution channels in the sliding table saw market.
Geographically, the global sliding table saw market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa.
Asia Pacific dominates the global sliding table saw market with a CAGR of 4.3%, backed by growing residential constructions activities, rapid urbanization, and population growth. Additionally, growing per capita income has increased the adoption of premium and decorative furniture, which ultimately fuels market growth.
The North America sliding table saw machine market is expected to witness significant growth during the forecast period, with popularization of decorative furniture. According to the U.S. Department of Commerce International Trade Administration, in Mexico, import of sawmill and woodworking equipment accounted for over USD 250 million from 2014 to 2015 in spite of global industry headwinds during the years. The U.S. is expected to hold the largest share of the regional sliding table saw market during the forecast period, owing to an increase in the number of residential constructional and furniture refurbishment activities. For instance, according to a report published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, privately-owned housing units authorized by building permits in July totaled to about 1,311,000.
Europe is expected to witness substantial growth with a CAGR of 2.0% in the global sliding table saw market during the forecast period, owing to the increasing demand for stylish furniture in the region. Germany and Italy are the largest producers of sliding table saws in Europe.
The Middle East and Africa (MEA) region is projected to account for the least market share during the forecast period, with an anticipated CAGR of 2.2%. While slow-paced development deters market growth in the region, increase in the consumer spending on furniture and the current trend of art-craft pieces and lighting fixtures for indoor applications are expected to drive market growth to some extent.
The Latin America sliding table saw market is expected to witness considerable growth with a CAGR of 2.1% over the forecast period, owing to the increase in construction activities across Latin American countries.
Some of the prominent players in the sliding table saw market are Wilhelm Altendorf GmbH & Co. KG, SCM Group S.p.A, FELDER GROUP, Otto Martin Maschinenbau GmbH & Co. KG, Griggio s.r.l., Casadei Busellato, Robland NV, Baileigh Industrial, Inc, Woodworking Machine-Oliver Machinery Co, SAWSTOP, American Machine Works, GLORY INDUSTRIAL MACHINERY AND EQUIPMENT CO., LTD, and OAV Equipment and Tools, Inc.
Sliding Table Saw Market Segmentation