The band saw blades market size is projected to reach US$ 1,540.65 million by 2031 from US$ 1,199.43 million in 2023. The market is expected to register a CAGR of 3.2% in 2023–2031.
A band saw blades find major applications in the woodworking and metalworking industries, owing to the growing demand for coarse tooth blades (2 or 3 TPI) for resawing and cutting thicker materials and diamond blades or ferrous blades for metal-cutting. Important processes in the woodworking industry include harvesting and processing of wood and other forest resources, logging, woodworking, and pulp and paper processing. Enterprises in the industry produce finished products used by the construction, agriculture, and food industries. Band saw blades are used to carry out primary wood processing.
Band saw blades are cutting applications across different industries including agricultural, furniture cutting, and in fabrication of metal cutting. The bandsaw blades are fitted is the machine that includes the wheels and motor. These band saw blades are used for sawing ad cutting hard metals such as cobalt, zirconium, nickel, iron, titanium, wood, asphalts, concrete, marbles, granites and other metals. These blades are wear-resistant and corrosion-free, alloyed with Cobalt, Nickel, and carbon steel to improve their strength.
Band saw blades are replaceable toothed cutting blades used in many hand-held devices as well as portable and stationary power tools. The wood industry in Europe is one of the notable industries as it generates a significant portion of the region's economy. The European wood-based industries include a wide range of downstream operations, such as woodworking, substantial sectors of the furniture industry, pulp and paper manufacturing and converting industries, and the printing industry. As per the data provided by Eurostat in 2022, the gross value added (GVA) of wood-based industries in the EU was €136 billion in 2020, accounting for 7.2% of the overall manufacturing industry. In 2020, the gross value added of producing wood and wood products was 37 billion euros. The highest GVA in the EU's wood-based industries was reported for pulp, paper, and production of paper products (34% or €46 billion). Printing and printing-related service activities accounted for 16% of the GVA of wood-based industries, while furniture manufacturing and wood and wood product manufacturing each accounted for between 23% and 27%.
Enterprises in the industry produce finished products used by the construction, agriculture, and food industries. Band saw blades are used to carry out primary wood processing. Advancements in metal processing techniques have augmented the need for equipment and tools that dampen vibration and noise. Comfort and ease of handling the equipment are an important consideration in metal processing. Therefore, there is an increased demand for durable band saw blades with longevity to prevent failure and downtime. The rise in the CNC machine manufacturing process bolsters the growth of the industrial metalworking industry. The advent of CNC technology, technological advancements innovative developments of products, and increasing demand for power tools and robotic woodworking machines are among the other factors fuelling the growth of the band saw blades market. In addition, the rising proliferation of advanced technologies propels the sales of band saw blades in the wood and metalwork industries.
Market players with extensive experience in the woodworking industry are working closely with woodworking companies to develop, modernize, and automate their products and implement systems to check product quality and production diagnostics. The industry for the furniture segment witnesses significant growth. The woodworking machinery market is experiencing growth in the US and China. Other prominent markets for the woodworking industry include Japan, Canada, and Germany, which propels the growth of the global band saw blade market size.
Band demand for band saw blades is surging in the economies of Asia Pacific, Middle East, and South America 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, the 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 be finished 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 the 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.
Key segments that contributed to the derivation of the band saw blades market analysis are TPI, material and application.
The geographic scope of the band saw blades market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America is expected to dominate the market owing to rising population, growing spending capability of people, and rapid urbanization in the developing countries across the region. The band saw blade manufacturers are developing new products that provide high-quality cutting for various metal cutting applications. The product innovation strategy focuses primarily on improving the performance and durability of blades for precision metal cutting. Fierce competition in the metal-cutting market is one of the key factors encouraging manufacturers to adopt product innovation strategies. One of the leading manufacturers of band saws and hand file products is a new range of bimetal band saw blades designed at specific depths for all metal cutting applications, including general-purpose cutting, production cutting, mild steel cutting, and toughness cutting of exotic alloys.
The regional trends and factors influencing the Band Saw Blades Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Band Saw Blades Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1,199.43 Million |
| Market Size by 2031 | US$ 1,540.65 Million |
| Global CAGR (2023 - 2031) | 3.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By TPI
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Band Saw Blades Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Band Saw Blades Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The band saw blades market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
The “Band Saw Blades Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering the following areas:
The band saw blades market size is projected to reach US$ 1,540.65 million by 2031.
The rising adoption of wood-cutting blades in residential furniture making is a driving trend in the market.
BAHCO (SNA Europe), Dongbei Special Steel Group Co.,Ltd, Friedrich Bickenbach GmbH & Co., KG, Gi - Esse Salvador S.r.l, HABUR -SAWS GmbH, KYOCERA UNIMERCO, LENOX, NACHI FUJIKOSHI CORP, The Bandsaw Shop, and Others
An increase in woodworking and metalworking processes across the globe drives market growth
North America is expected to dominate the band saw blades market in 2023.
The market is expected to register a CAGR of 3.2% in 2023–2031