The global shear blade market is anticipated to grow at a significant CAGR of 3.8% during the forecast period. The primary factors contributing to the growth of the market include the rising demand for fabricated metal products across the globe. The Shearing of sheet metal is a very important manufacturing process in various large, small, and medium-sized industries. Thus the demand for the shear blade has been increased in the industries.
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The COVID-19 pandemic has disrupted the manufacturing operations of various products in the global shearing machine industry, mainly owing to the prolonged lockdown in major countries. This has hampered the growth of the global shear blade market significantly. As per the Organization for Economic Co-Operation and Development (OECD) steel market report for the 4th quarter, in June 2020 Short Range Outlook (SRO) of worldsteel, the complete and finished steel demand is projected to decrease by 6.4% in 2020, due to the result of the COVID-19 crisis. The pandemic affected the sales of the machinery which uses the shear blades and impacted the demand. But as the situations are getting normal, the market is anticipating a jump in the market. The steel demand is forecasted to rebound by about 3.8% in 2021,(worldsteel, 2020) by OECD. The shear blades market has also got the sudden rise of the demand in the market, which is anticipated to grow steadily, during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Shear Blade Market Report Segment
By Materials
- Cold Work Die Steel
- Hot Work Die Steel
- Alloy Tool Steel
- High-Speed Tool Steel
- Others (Carbon Tool Steel, and Steel Carbon Structural Steel)
By Shear Thickness
- Up to 15 mm
- 15 – 25 mm
- Above 25 mm
Global Shear Blade Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global shear blade market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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