Bi-Metal Band Saw Blade Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Bi-Metal Band Saw Blade Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Bi- Metal Band Saw Blade Market

The Bi-metal band saw blade market size was valued at USD 0.51 billion in 2022, and the market is now projected to grow from USD 0.52 billion in 2023 to USD 0.76 billion by 2030, exhibiting a CAGR of 5.5% during the forecast period of 2023-2030.

The development of the automotive sector weakened due to the COVID-19 pandemic.Limited or complete lockdown was instigated worldwide which in turn, hindered manufacturing-related activities and declined sales of these blades. The production of these blades in India was inactive after lockdown was executed. Also, the drop in sales of automotive, biochemical products, fabrics, and machinery consequently dropped the sales of band saw blades.

Band saw blades are crucial for cutting several materials comprising tool steel, structural steel, high-speed steel, aluminum, and cast iron. These blades offer incomparable strength and control, presenting a sturdy, long-term design. The teeth of these blades are made from high-speed steel and are often carbide-tipped, making them stronger and more strong than carbon edges, thereby extending their lifespan and enhancing cutting performance. The metalworking and fabrication industries demand band saw blades with extended durability and the ability to deliver precise cuts consistently. These blades benefit producers reduce overall functioning costs and improve the efficiency of operations which upsurges the Bi-metal band saw blade market growth.

A new range of blades with technological advancements in the band saw blade to boost market competition. Key players are introducing a new range of technologically advanced blades. New technology blade is designed for cutting materials such as aluminum, stainless steel, and cast iron. It is used in various industry verticals such as aerospace, manufacturing, and defense.

Comprehensive Analysis of Bi- Metal Band Saw Blade Market

The market can be segmented in various ways depending on the focus of study such as by tooth type, by product type, by end users and by application. Based on the tooth type, the market is segmented into regular, hook, and skip. By product type, the market is segmented into carbide tipped and high-speed steel. Based on the application, the market is segmented into steel, aluminum, cast iron, and others. Based on the end users, the market is segmented into automotive, aerospace & defense, machine manufacturing, mold processing industry, and others.

Asia Pacific region is dominating the Bi-metal band saw blade market share due to numerous crucial regional performers, decent product offerings, and technological improvements. In addition, progress in the automotive sector and growing sales of automotive cars, motorcycles, and lorries, which consequently upsurge the demand for bi-metal blade products motivate the market development.

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include Wikus (Germany), Simonds International LLC (U.S.), Bichamp Cutting Technology Co Ltd (China), Stanley Black & Decker, Inc. (Lenox Tools) (U.S.), Eberlestrabe 28 (Germany), Hakansson Saws India Pvt. Ltd (India), Snap On Incorporated (BAHCO-Snap Europe) (U.S.), L.S. Starrett Company (U.S.), Dalian Special Steel Products Co Ltd (China), Benxi Tool Co Ltd (China) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In May 2022, Eberlestrabe 28 has launched a new bi-metal band saw blade series titled as ""duoflex VTX."" This blade is planned for cutting materials such as stainless steel, high-speed steel, and cast iron. It offers numerous benefits, comprising augmented precision and stability, as well as an outstanding micro wear-resistant cutting edge.

Segmentation Table

TTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 5.5% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Tooth Type, By Product Type, By Application, By End User, and By Region

By Tooth Type Regular

Hook

Skip

By Product Type Carbide Tipped

High-speed Steel

By Application Steel

Aluminum

Cast Iron

Others (Mold Steels, Bearing Steels)

By End User Automotive

Aerospace & Defense

Machine Manufacturing

Mold Processing Industry

Others (Military Industry)

By Region North America (By Tooth Type, By Product Type, By Application, By End User, By Country)

U.S. (By End User)

Canada (By End User)

Mexico (By End User)

Europe (By Tooth Type, By Product Type, By Application, By End User, By Country)

Germany (By End User)

U.K. (By End User)

France (By End User)

Italy (By End User)

Rest of Europe

Asia Pacific (By Tooth Type, By Product Type, By Application, By End User, By Country)

China (By End User)

Japan (By End User)

India (By End User)

South Korea (By End User)

Rest of Asia Pacific

South America (By Tooth Type, By Product Type, By Application, By End User, By Country)

Brazil (By End User)

Argentina (By End User)

Rest of South America

Middle East & Africa (By Tooth Type, By Product Type, By Application, By End User, By Country)

GCC (By End User)

South Africa (By End User)

Rest of Middle East & Africa


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