Global Band Saw Blades Market to Reach $2.2 Billion by 2030
The global market for Band Saw Blades estimated at US$1.6 Billion in the year 2023, is expected to reach US$2.2 Billion by 2030, growing at a CAGR of 5% over the period 2023-2030. High Speed Steel Band Saw Blades, one of the segments analyzed in the report, is expected to record 5.3% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Carbide Tipped Band Saw Blades segment is estimated at 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $412.9 Million, While China is Forecast to Grow at 7.4% CAGR
The Band Saw Blades market in the U.S. is estimated at US$412.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$472.9 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
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