Band Saw Blades Market Analysis and Forecast to 2031: By TPI (Less Than 3 TPI, 4 TPI to 6 TPI, More than 7 TPI), Material (Bi-Metal, Carbon Steel, Others), Application (Wood Cutting, Meat Processing), and Region

Band Saw Blades Market Analysis and Forecast to 2031: By TPI (Less Than 3 TPI, 4 TPI to 6 TPI, More than 7 TPI), Material (Bi-Metal, Carbon Steel, Others), Application (Wood Cutting, Meat Processing), and Region

The global band saw blades market was valued at US$ 1.1 billion in 2021 and it is anticipated to grow up to US$ 1.4 billion by 2031, at a CAGR of 2.5% during the forecast period.

Band saw blades are mainly used in the metalworking and woodworking industries but can cut various materials. The blades offer consistent cutting behavior with evenly distributed tooth loads and can cut irregular or curved shapes, such as jigsaws. Most band saws have two wheels that rotate in the same plane, one of which is powered but may have three or four wheels to distribute the load. Since the saw blade is offered in different sizes and tooth pitches (number of teeth per inch or TPI), the machine is extremely versatile. It can cut a variety of materials, including wood, metal, and plastic. Band saw works by contacting the workpiece that cuts the saw blade and passing the cutting teeth through the workpiece.

Market Drivers and Trends

Bi-metal band saw blades are made of two metals wherein steel is welded via an electron beam to a flexible backer. Growing demand for high-speed bi-metal band saw blades to ensure optimal blade performance bolsters the growth of the band saw blades market. Increasing applications of bi-metal band saw blades to cut carbon steel, tool steel, structural steel, stainless steel, pipe and tube, die steel, angles and flat stock, and mixed metal propel the demand for these blades among small to large manufacturers and fabricators. Such factors are anticipated to boost the demand for high-speed bi-metal band saw blades, which in turn will increase the global band saw blades market share.

Market Restraints and Challenges

The price of the power band saw blades is high, which acts as a restraining factor for the market's growth. Conventional tools, such as augers and plungers, are used widely in household applications. These traditional tools have a low cost, but their usage is limited to small applications. Thus, the high price of band saw blades is anticipated to hinder the growth of the global band saw blades market.

Global Band Saw Blades Market Segmental Overview

The report analyses the global band saw blades market based on TPI, material, application, and region.

Global Band Saw Blades Market by TPI

Based on TPI, it is segmented into less than 3 TPI, 4 TPI to 6 TPI, and more than 7 TPI. The more than 7 TPI segment is expected to have the largest band saw blades market share in 2021. A blade with the right number of teeth per inch (TPI) is crucial for high cutting efficiency and low cost per cut. Therefore, TPI selection is the most important decision when selecting a band saw blade. Growing demand for the right shape and size of the band saw blades for metals and harder material workpiece that might not straddle the work and break teeth as well as reduce gullet overload and strip teeth is propelling the band saw blades market growth. Further, growing application of band saw blades in metal industry is boosting the segment growth. Due to this, the more than 7 TPI segment is expected to receive the main market attraction resulting in market growth.

Global Band Saw Blades Market by Material

Based on material, it is segmented into bi-metal, carbon steel, and others. The carbon steel segment is expected to dominate the market during the forecast period. Carbon steel band saw blades is observing a significant growth as material is a crucial factor while selecting the best solution for cutting a variety of ferrous and nonferrous materials. Due to the abovementioned factors, the carbon steel segment is expected to dominate the market during the forecast period.

Global Band Saw Blades Market by Application

Based on application, it is bifurcated into wood cutting and meat processing. The wood cutting segment is expected to be the largest segment in the band saw blades market in 2021. The wooden furniture market is dominating the furniture market in India. The demand for wooden furniture has increased manifold in India. India flourishes in the natural resources of several tree species, and the wooden furniture industry uses both indigenous wood and imported wood. India is one of the largest importers of timber in the world. Thus, the wood cutting segment will likely hold a major market share in 2021.

Geographical Analysis of Global Band Saw Blades Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. Growing demand for high-speed bi-metal band saw blades to ensure optimal blade performance bolsters the growth of the band saw blades market in North America. Increasing applications of bi-metal band saw blades to cut carbon steel, tool steel, structural steel, stainless steel, pipe and tube, die steel, angles and flat stock, and mixed metal propel the demand for these blades among small to large manufacturers and fabricators in North America. This, in turn, boosts the demand for band saw blades in the North America region.

Major Players in the Global Band Saw Blades Market

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in TPI demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of band saw blades worldwide. Thus, the COVID-19 pandemic negatively affected the global band saw blades market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of band saw blades.

Recent Developments

• June 2021, LENOX, an industry leader in band saw performance for more than a century, announced that The LENOX 360TM System is the newest invention to track bandsaw performance data. Due to its real-time data capture capabilities, this innovative technology is perfect for steel service centers and fabrication facilities since it enhances decision-making and maximizes efficiency.
• May 2021, BAHCO presented the new generation of BAHCO-exclusive bandsaw calculator. Every BAHCO user can access the new web-based BandCalcTM, which is responsive and multiplatform. Additionally, they upgraded it with additional features that improve the efficiency and effectiveness of bandsaw calculation.

Frequently Asked QuestionsQ1. How big is the band saw blades market?Ans. The global band saw blades market size was US$ 1.1 billion in 2021 and is anticipated to reach US$ 1.4 billion in 2031, growing at a rate of 2.5% from 2022 to 2031.Q2. What is the band saw blades market growth rate?Ans. The growth rate of the band saw blades market is 2.5% from 2022 to 2031.Q3. Which region holds a major market share for the band saw blades market?Ans. North America holds a major market share of the band saw blades market in 2021.Q4. Which segment accounted for the largest band saw blades market share?Ans. Based on application, it is bifurcated into wood cutting and meat processing. The wood cutting segment is expected to be the largest segment in the band saw blades market in 2021.Q5. Who are the key players in the band saw blades market?Q6. What are the factors driving the band saw blades market growth?Ans. The major factor driving the growth of the market is growing demand for high-speed bi-metal band saw blades.Q7. What are the key growth strategies of band saw blades market players?Ans. The key growth strategies of band saw blades market players are product launch, partnerships, and government initiatives.Q8. Which region will provide more business opportunities for the band saw blades market during the forecast period?Ans. The Asia Pacific region will provide more business opportunities for the band saw blades market during the forecast period.

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