Dublin, Feb. 15, 2022 (GLOBE NEWSWIRE) -- The "Bi-Metal Band Saw Blades Market Forecast to 2028 - COVID-19 Impact and Global Analysis" report has been added to ResearchAndMarkets.com's offering.
The bi-metal band saw blades market was valued at US$ 3,922.06 million in 2020 and is projected to reach US$ 5,907.52 million by 2028; it is expected to grow at a CAGR of 5.3% from 2020 to 2028.
Bi-metal band saw blades are made of two metal, primarily high strength steel (HSS) and spring steel. These blades are commonly used in the metalworking industries to cut cast iron; structural steel; pipelines; and non-ferrous materials such as brass, bronze, aluminium, copper, and other metals. Bi-metallic band saw blades are a cost-effective solution for a variety of metal cutting applications.
The blades offer high cutting performance at High-Speeds and high output, and address production efficiency challenges. They are particularly suggested for industrial metal cutting operations on semiautomatic and automated machines. Furthermore, bi-metal band saw blades provide a number of advantages, such as better cutting performance, longer tool life, superior wear resistance, and excellent cutting-edge stability.
Based on end-use industry, the bi-metal band saw blades market is segmented into automotive, aerospace & defense, machine manufacturing, and others. The machine manufacturing segment accounted for the largest market share in 2020, and the automotive segment is expected to register the highest CAGR in the market during the forecast period. The machine manufacturing segment includes manufacturers of machines that are used in the construction, food & beverages, and automation and controls industries. Rapid industrialization and urbanization, especially in developing economies, are fueling the proliferation of the construction and manufacturing industries.
The growth of these industries eventually accelerates the production of heavy machinery, subsequently creating a demand for bi-metal band saw blades to cut metals and alloys. As per the China Construction Machinery Association (CCMA), in 2020, the sales of excavators and other heavy machinery sales grew by 39%, compared to the previous year, and over 300,000 units of 327,605 units were sold in that year.
Based on region, the bi-metal band saw blades market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2020, Asia-Pacific held the largest share of the market and is estimated to register the highest CAGR in the market during the forecast period. The use of bi-metal band saw blades has increased in Asia Pacific across various industries, such as automotive, aerospace and military, and machine manufacturing.
In addition, demand for bi-metal band saw blades is surging in the region due to expanding construction projects and rising automobile production. Bi-metal band saw blades are used to cut hard metals, such as structural steel, cast iron, and non-ferrous metals, to manufacture automotive components and spare parts. As a result, growing automotive production in the region is likely to drive the growth of the Asia Pacific bi-metal band saw blades market during the forecast period.
A few players operating in the bi-metal band saw blades market are Bichamp Cutting Technology Co(Hunan)., Ltd.; Dalian Special Steel Products Co., Ltd.; Eberle; Hakansson Saws India Pvt. Ltd.; Lenox; Starrett; Wikus-Sagenfabrik; Benxi Tools Group; Bahco; and Amada Machine Tools Co., Ltd.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global bi-metal band saw blades market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Bi-Metal Band Saw Blades Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Bi-Metal Band Saw Blades Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Cost-Effectiveness of Tools that Enable High-Performance In-House Metal Sawing
5.1.2 Rising Demand from Various End-User Industries
5.2 Market Restraint
5.2.1 High Cost of Maintenance Required for Bi-Metal Band Saw Blades
5.3 Market Opportunities
5.3.1 Development of Innovative Products
5.4 Trends
5.4.1 Customization of Band Saw Blade Products
5.5 Impact Analysis of Drivers and Restraint
6. Bi-Metal Band Saw Blades - Global Market Analysis
6.1 Bi-Metal Band Saw Blades Market Overview
6.2 Bi-Metal Band Saw Blades Market -Revenue and Forecast to 2028 (US$ Million)
7. Bi-Metal Band Saw Blades Market- By Product Type
7.1 Overview
7.2 Bi-Metal Band Saw Blades Market, By Product Type (2020 and 2028)
7.3 Carbide Tipped
7.3.1 Overview
7.3.2 Carbide Tipped: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
7.4 High Speed Steel
7.4.1 Overview
7.4.2 High Speed Steel: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
8. Bi-Metal Band Saw Blades Market- By Application
8.1 Overview
8.2 Bi-Metal Band Saw Blades Market, By Product Type (2020 and 2028)
8.3 Steel
8.3.1 Overview
8.3.2 Steel: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
8.4 Aluminum
8.4.1 Overview
8.4.2 Aluminum: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
8.5 Cast Iron
8.5.1 Overview
8.5.2 Cast Iron: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
8.6 Non-Ferrous Materials
8.6.1 Overview
8.6.2 Non-Ferrous Materials: Bi-Metal Band Saw Blades Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Bi-Metal Band Saw Blades Market - Revenue and Forecast to 2028 (US$ Mn)
9. Bi-Metal Band Saw Blades Market Analysis - By End Use Industry
9.1 Overview
9.2 Bi-Metal Band Saw Blades Market, By End Use Industry (2020 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Bi-Metal Band Saw Blades Market - Revenue and Forecast to 2028 (US$ Mn)
9.4 Aerospace and Defense
9.4.1 Overview
9.4.2 Aerospace and Defense: Bi-Metal Band Saw Blades Market - Revenue and Forecast to 2028 (US$ Mn)
9.5 Machine Manufacturing
9.5.1 Overview
9.5.2 Machine Manufacturing: Bi-Metal Band Saw Blades Market - Revenue and Forecast to 2028 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Others: Bi-Metal Band Saw Blades Market - Revenue and Forecast to 2028 (US$ Mn)
10. Bi-Metal Band Saw Blade Market - Geographic Analysis
11. Overview - Impact of COVID-19 Outbreak
11.1 Impact of COVID-19 on Bi Metal Band Saw Blade Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EBERLE
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 HAKANSSON SAWS INDIA PVT. LTD.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 WIKUS
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 BENXI TOOLS GROUP
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Starrett
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SNA Europe (BAHCO)
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 AMADA MACHINERY CO., LTD.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 ROBERT RONTGEN GMBH & CO. KG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Gebr. Lennartz GmbH & Co. KG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
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