Asia Pacific Band Saw Blades Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by TPI (Less Than 3 TPI, 4 TPI to 6 TPI, and More than 7 TPI), Material (Bi-Metal, Carbon Steel, and Others), and Application (Wood Cutting and Meat Processing)

Asia Pacific Band Saw Blades Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by TPI (Less Than 3 TPI, 4 TPI to 6 TPI, and More than 7 TPI), Material (Bi-Metal, Carbon Steel, and Others), and Application (Wood Cutting and Meat Processing) 

The band saw blades market in Asia Pacific is expected to grow from US$ 256.35 million in 2022 to US$ 311.66 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2022 to 2028.
Band demand for band saw blades is surging in the economies of Asia Pacific, for cutting, assembling, and repairing wood and metal structures. In the coming years, Asia pacific is anticipated to lead in the band saw blades market as the sales of the blades are increasing in the region due to the rising number of construction projects. For instance, Shanghai chip manufacturing plant in Shanghai, China is one of the largest construction projects initiated in Asia Pacific during Q1 of 2022. The construction work is expected to be completed by 2024. Similarly, the construction of a 12-inch wafer and integrated circuit packaging plant in Beijing, China to meet the growing demand for integrated circuit products is expected to finish by 2024. In India, metalworking is increasing at a rapid pace to make singular parts, assemblies, and large-scale metal forms for huge ships, motor parts, and many end-use industries, which has increased the demand for band saw blades for shaping, cutting, and joining forms. In addition, the country is witnessing a heightened need for steel due to increasing demand from the automotive and construction industries and rising focus of the government on infrastructure development. According to industry officials, the growth of dedicated freight corridor projects, new high speed and semi high-speed projects, and procurement of rolling stock would boost steel consumption in the coming years. Furthermore, the government of India is emphasizing on developing 100 smart cities, which would create significant opportunity for the steel industry in future. Among the South-east Asian nations, Vietnam and Thailand are observing a rise in various residential and industrial infrastructure projects. For instance, the construction of a 4,500MW LNG thermal power plant in Vietnam started in 2022 is expected to propel the demand for band saw blades for metalworking. Economic growth and growing industrialization are anticipated to boost the requirement for industrial machineries and equipment in the country. In Thailand, there are approx. 37 infrastructure projects planned for 2022, which includes several home-in-focus infrastructure projects that are encouraged by the government bids to boost economic activities. Such initiatives in the developing economies are anticipated to provide lucrative growth opportunities for the band saw blades market during the forecast period.
Asia Pacific Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Band Saw Blades Market Segmentation

The Asia Pacific band saw blades market is segmented by TPI, material, application, and country. Based on TPI, the band saw blades market can be segment into Less Than 3 TPI, 4 TPI to 6 TPI, and more than 7 TPI. The 4 TPI to 6 TPI segment dominated the market in 2022. Based on material, the Asia Pacific band saw blades market is categorized into Bi-metal, carbon steel, and others. The Bi-metal segment dominated the market in 2022. Based on application, the Asia Pacific band saw blades market categorized into wood cutting and meat processing. The meat processing segment dominated the market in 2022. Based on country, the Asia Pacific band saw blades market is segmented into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. Further, China dominated the market in 2022.
A few of the key players dominating the Asia Pacific band saw blades market are BAHCO (SNA Europe); Dongbei Special Steel Group Co.,Ltd; Friedrich Bickenbach GmbH & Co. KG; L. S. Starrett Company; LENOX; and NACHI FUJIKOSHI CORP.

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