Bandsaw Blades Market Size, Share, Growth, And Industry Analysis By Type (Bimetal Band Saw Blades, Carbide Tipped Band Saw Blades, Carbon Band Saw Blades, Others) By Application (Metal Working, Wood Working, Food, Others) Regional Forecast By 2031

Updated On: 08 April 2024

Bandsaw Blades Market Report Overview

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The global Bandsaw Blades Market size was USD 1491.4 million in 2022, as per our research, the market is expected to reach USD 2068.17 million in 2031, exhibiting a CAGR of 3.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with Bandsaw Blades Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Bi-metal band saw blades are used in a variety of sectors, including machine production, automotive, aerospace and military, and metal fabrication, to cut metals including steel, aluminium, cast iron, and non-ferrous materials. Both semi-automatic and fully automated band saws may use these blades. They are affordable substitutes for expensive precision and metal cutting machinery and are composed of high-speed steel and carbide.

The development of automated table saws with sensors and monitors to decrease accidents is one of the most recent technological innovations that is functioning as a significant driver of growth. Also, the makers are putting a lot of effort into creating variations with long operating lives and blades that make precise cuts with less strain and wear. Other factors that may help to propel the market forward include the rise in demand for power saws from the automotive sector, which uses them to cut rubber or metal pieces for constructing the vehicle's body, seat frames, and door seams.

COVID-19 Impact: Market Negatively Affected by COVID-19 Epidemic

Due to a lack of raw materials, such as alloy steel and high-speed steel tooth tips, and production process interruptions, the bi-metal band saw blade market has been adversely affected. The manufacture of machinery and steel applications, as well as a number of end-use sectors including automotive, frequently employ bi-metal band saw blades. According to a survey done by the United Nations Industrial Development Organization (UNIDO), output in India ceased once the lockdown was implemented last year. Automobiles, metals, chemical goods, textiles, and machinery & equipment were among the most impacted industries in manufacturing. The internationally interconnected automobile industry has been significantly impacted by the COVID-19 epidemic. As a result, there were delays in the shipping of Chinese parts, closures of assembly factories in the US, and widespread production halts in Europe. Sales of passenger automobiles have been falling down in the automotive sector. For instance, OEMs reduced their production volumes in Europe by 16% from their initially anticipated 2020 quantities, according to McKinsey & Company.

Latest Trends

"Increased Demand From The Furniture Sector Expel The Market Growth"

Global demand for saw blades is anticipated to rise due to increased demand from the furniture sector. In order to shape and cut wood, saw blades are frequently utilised in the furniture-making industry. Increasing desire for lavish interiors is anticipated to increase furniture demand, which would increase demand for power tools like saw blades. The need for high-quality saw blades that can cut intricate designs and give items a premium finish is expanding as a result of improving living standards and a growing taste for beautiful interiors and furnishings. Also, as new home building and remodeling/renovation activities rise globally, the saw blades market is anticipated to expand further.

Bandsaw Blades Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Bimetal Band Saw Blades, Carbide Tipped Band Saw Blades, Carbon Band Saw Blades, Others. Bimetal Band Saw Blades is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Metal Working, Wood Working, Food, Others. Metal Working will be the dominating segment.

Driving Factors

"Increasing Efficiency And Rising Use of Metal Cutting Equipment Boost The Market"

The capacity of bi-metal band saw blades to cut tougher metals by maximising cost and quality of cuts is what is largely causing the rise in demand for bi-metal band saws in the manufacture of industrial equipment, automotive components, aviation, and defence equipment. Moreover, it is anticipated that throughout the course of the projected period, the rising use of technologically sophisticated metal cutting equipment in machining workshops would support market expansion.

"Rapid Industrialization And Considerable Expansion Boost The Market Growth"

Rapid industrialization and considerable expansion in the furniture manufacturing sector are the main driving forces behind this market's growth. Also, the market is growing as a result of an increase in remodelling, building, and renovation activities in recent years. A high-quality saw blade that can cut through intricate patterns and give the items a premium finish is becoming more and more necessary as people's preferences for ornamental interiors and furniture grow as a result of rising living standards.

Restraining Factors

"Changing Cost Of Raw Materials Limiting The Market Growth"

One of the factors limiting the growth of the saw blade market is the changing cost of raw materials used in the production of saw blades. The high cost of power band saw blades serves as a restraint on the market's expansion. Augers and plungers are common home items that are used extensively. These conventional tools are inexpensive, however they can only be used for a few minor purposes. Thus, it is projected that the high cost of band saw blades would impede the expansion of the worldwide band saw blades market.

Bandsaw Blades Market Regional Insights

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"North America Will Show A Significant Growth Throughout The Forecast Period"

Due to the increase in residential and commercial applications, North America is predicted to have significant growth throughout the projected period. The major producers also prioritise diversity in their product lines for a range of applications. For instance, Bosch Limited is a skilled producer of wood circular saw blades with excellent wood-cutting capabilities. These products are made with incredibly durable carbide grains, hard Microteq teeth, and include ATB (Alternate Top Bevel) tooth shape as standard equipment. The product's ease of use is largely due to the protective coating, which prevents corrosion and minimises friction, as well as the anti-vibration slots, which allow for quieter, vibration-free cutting. Whereas Snap-on Inc., with its headquarters in Kenosha, Wisconsin, produces, designs, and markets high-end tools and equipment for use in the professional world in sectors like the automobile, heavy industry, and others. A variety of metal-cutting equipment are available from this manufacturer under the renowned European Bahco brand. High-performance bi-metal and carbide bandsaw blades for general purpose and other production cutting applications are part of the product line.Due to the increase in building and renovation activities in the region, the European market is predicted to experience significant development. The government is renovating ancient and tall structures, which will boost demand for saw blades and their market share.

In important European nations including Austria, Belgium, Finland, the Czech Republic, Hungary, France, Ireland, and Germany, construction activity is anticipated to increase. For instance, the German company AKE Knebel GmBH manufactures circular saw blades for a variety of materials, including wood and wood-based products, plastic, metal, and composites. They're made with high-quality carbide and diamond tips to be the ideal tools for any application and usage. For the industry as a whole, saw blades range from traditional to high-tech variants.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• AMADA (Japan)
• WIKUS (India)
• LENOX (U.S.)
• BAHCO (France)
• DOALL (U.S.)
• EBERLE (Germany)
• Benxi Tool (China)
• Bichamp (India)
• Robert Rontgen (Germany)
• Starrett (U.S.)
• M. K. Morse (U.S.)
• Simonds Saw (U.S.)
• SMG (India)
• TCJY (India)
• Dalian Bi-Metal (China)
• Dsspc-sanda (China)
• IZAR CUTTING TOOLS (Spain)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.