Bandsaw Machine Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG6014 | Last Updated On: Nov 30 2022 | Available Formats

Bandsaw Machine Market Expected to reach a high CAGR of 4.1% By 2029:

Bandsaw Machine Market is Segmented By Orientation(Horizontal, Vertical), By Operation(Manual, Semi-Automatic, Fully Automatic), By Cutting(Mitre, Circular, Ring, Straight), By End Use(Automotive and Transportation, Construction, Mining, Aerospace, Others), and By Region (North America, South America, Europe, Asia Pacific, Middle East & Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

 

Bandsaw Machine Market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 4.1% during the forecast period (2022-2029).

Bandsaw Machine Market

Metrics

Details

Market CAGR

 4.1%

Segments Covered

 By Orientation, By Operation, By Cutting Type, By End Use, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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A bandsaw machine is akin to a power saw with a sharp, long blade that processes material with a continuous metal-toothed band extending between a changing number of wheels.  A horizontal bandsaw machine is basically used in metalworking, forestry, and woodworking to cut various materials into curved, irregular, or straight shapes, including plastic, wood, and metal. In addition, the majority of bandsaw machines have two wheels for operation and are primarily used for woodworking, lumbering, and metalworking, although they can also cut various other materials. The advantage of a bandsaw machines includes a uniform cutting process due to equally distributed tooth load and the ability to cut curved or irregular forms, while most bandsaw machines have two revolving wheels in one plane, one of which is motorized, while some can have more than two wheels to divide the load.

Market Dynamics:

Growing popularity of digitally-controlled bandsaw machines.

There is rise in popularity and demand for digitally-controlled bandsaw machines as it considerably reduces the amount of human involvement required in sheet metal manufacturing. For instance, CNC (computer numerically controlled) bandsaw machines, for example, include touchscreen controls that allow the operator to quickly and easily change back gauges. In addition, it offers significantly less human contact in the manufacture of sheet metal because of digital controls in bandsaw machines. Furthermore, production capacity has risen as a result of increased efficiency in bandsaw machines and decreased errors in sheet metal processing due to digitalization which adds to the growth of the market.

Moreover, modern bandsaw machines with digital controls have also reduced setup time for workers, enhancing production efficiency and output. Thus, the time saving, accuracy and product efficiency and required results has increased the demand for digitally-controlled bandsaw machines that ultimately adds to the growth of the market.

Market Segmentation:

Horizontal bandsaw machines stands for the highest share in global bandsaw machine market

In 2021, the Horizontal bandsaw machines segment had the highest revenue share of YY percent.  Horizontal bandsaw is extensively used to saw steel and other hard materials in automotive and mining industries. In addition, certain vehicle parts need proper metal cutting band saw tools for efficiency. Furthermore, the automotive manufacturers are increasing the adoption of horizontal band saws for its speed and accuracy to cut the hardened metal parts. Additionally, increasing demand for these bandsaw machines in emerging economies due to the expansion of automotive industry is fueling the growth of the market. Thus, manufacturers are launching various products in market. For instance, In June 2021, LENOX, a leading company of band saw machines, announced the launch of LENOX 360 system, the latest innovation to track bandsaw performance metrics.

Geographical Penetration:

North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of almost YY percent. The countries in North America such as Canada and the U.S. are the chief growth centers in this region. Rapid consumption of wood processed fuel for power generation and increasing production of wood-based biomass fuel is the chief growth factor in this region. In addition, the rising biomass energy business, the growing automotive industry, and the increase in demand from metal cutting industries, and the rise in research and development activities are crucial factors in countries such as U.S  is fueling the bandsaw machines market. These factors enabling manufacturers to expand to fulfill the consumer demand. For instance, in May 2020, Vollmer of America announced the partnership with the leading bandsaw machine company, Burton Saw & Supply to serve their customers better and grow within the saw blade maintenance market in the saw mill industry.

Competitive Landscape:

The global bandsaw machine market is competitive and comprises players such as Starrett, AMADA Machine Tools Co. Ltd., Mega Machine Co. Ltd., Pedrazzoli IBP, Everising Machine Co., Petra Stroji D.O.O., MEBA Metall-Bandsagemaschinen GmbH, Santec Group, Cosen Saws International Inc. and ITL Industries Limited among others. The bandsaw machine market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various end use industries. Moreover, rising technological and mechanization in construction & mining, transportation and automotive industries enables the new product launches and advancement in the industry.

For instance,

  • In 2022, Amada Press System Co., Ltd. announced the debut of ARPAS, a high-speed line system with articulated robots and stamping servo presses that significantly speed up the transfer of processed products between stamping press machines.

COVID-19 Impact:

 Negative impact on global bandsaw machine market

The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Automotive & transportation, construction, mining and others are among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants.

The outbreak of covid-19 has severely impacted the overall supply chain of the band saw machine sales. The halt in production and end use sector operations have also affected the band saw machine sales negatively. The pandemic has affected the overall growth of the industry in 2020 and also at the start of 2021 due to the sudden outbreak of the covid-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in import and export activities of band saw machine sales.

Furthermore, the restrictions on production and service of industries such as construction & mining, agriculture, food and others led to decline in the demand for bandsaw machines which impacted the market and led to loss of revenue for the market. Moreover, the restrictions imposed by governments in the world and increased prices due to that are affecting geographical expansion, business collaboration and partnership opportunities for the manufacturers of bandsaw machines.  Thus, these factors have hindered the growth of the market.

The global bandsaw machine market report would provide an access to approximately 69 market data tables, 62 figures and 175 pages

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