Hole saw is a tool which is used to make circular holes in variety of materials. It is also known as a hole cutter. This tool is annular in shape and have a pilot drill bit at their center with a toothed cutting edge on the open end. The maximum depth to which a hole saw can cut is limited by the depth of its cup-like shape. Hole saw are majorly used to cut plastic, wood, mild steel, aluminium, fiberglass, copper, plastic, brass, tin etc. It has ability to drill varied hole sizes, it serves as an advantage for the hole saw over twist drill or spade drills. It is a basic tool used by electricians and labourers at construction site. Its demand is very high in construction industry because of its efficiency and availability of wide range of sizes.

Increase in infrastructural development, boom in electrical industry are some of the key growth driver of hole saw industry. Now a days, hole saws comes with new designs and materials to cut holes cleaner, faster with durability. Manufacturers have also experimenting with different ways to improvise hole ejection. The evolution in the e-commerce industry has created immense opportunities for manufacturers and suppliers in hole saw industry. This will projected to offer attractive growth opportunities to the hole saw market in the near future. However, a powerful hole saw may be kicking back if the tool gets snagged, which will be severe under some conditions for the operator. This situation is expected to be a restraint to the application of hole saw while construction.

The Hole Saw market is bifurcated on the basis of material type, end-users, application and region. In terms of material type, the hole saw market can be divided into high speed steel, diamond edged, bi-metal, carbide and others. High speed steel is very cost-efficient cutter and majorly used for general applications. Diamond edged hole saw is also known as Diamond core drill bits. It can be used in both dry and wet drilling. Materials like marble, cement concrete, tiles, granite etc. should be drilled with water, otherwise excessive heat generated during the cutting process will damage the blade of hole saw.  Bi-metal hole saw is most commonly used hole saw. It cuts smoother, faster with very less vibration. This hole saw is a blend of both high speed steel and soft spring steel to form a cutting edge of the hole saw. Bi-metal hole saw easily cut soft materials like plastic, wood as well as hard materials like steel and stainless steel. On the basis of end-users, the hole saw market can be segmented into domestic and commercial. Life of a tool and its speed are the most significant factors considered by most of the end-users while purchasing hole saw. In terms of application, it is divided into sanitary electrical, interior finishing, assemble and others. Based on region, hole saw market is divided in North America, Europe, Asia Pacific, South America and Middle East & Africa,

Key players operating in the hole saw market are Bosch, The M. K. Morse Company, LENOX, EAB Tool Company, DeWALT, Milwaukee Tool, Hilti, Thomas & Betts, Harbor Freight Tools, Pass & Seymour, Sutton Tools, Klein Tools, Disston Company, Magnum tools, Starrett, Kilo International, GuangHua Industrial, Irwin Tools, Diablo Tools, Greenlee Textron, MIYANAGA, Unika, WILPU Sägeblätter, MPS x, Blu Mol, NKK Switches, RECOM Power Inc., RS Pro,. The product manager of Bosch said that productivity continues to be the key importance for hole saw market. They are recommending hole saw as per the applications. Key competitors are also focusing on new product development and other research and development activities to make their presence stronger in the hole saw market.

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