The bi-metal and carbide tipped band saw blades market was valued at US$ 1,948.56 million in 2022 and is projected to reach US$ 2,589.57 million by 2028; it is expected to grow at a CAGR of 4.9% from 2022 to 2028.
Bi-metal and carbide tipped band saw blades are primarily made of high strength steel (HSS) and spring steel. These cost-effective blades offer high cutting performance at high speeds, along with delivering high output and addressing challenges related to production efficiency. Furthermore, bi-metal and carbide tipped band saw blades provide a better cutting performance, longer tool life, superior wear resistance, and excellent cutting-edge stability.
In 2022, Asia-Pacific held the largest share of the bi-metal and carbide tipped band saw blades market, and the region is estimated to register the highest CAGR during the forecast period. The use of bi-metal and carbide tipped band saw blades has increased across industries such as automotive, aerospace and military, and machine manufacturing in the region. In addition, expanding construction projects and rising automobile production are propelling the demand for bi-metal and carbide tipped band saw blades. These blades are used to cut hard metals, such as structural steel, cast iron, and non-ferrous metals, in the manufacturing of automotive components and spare parts. As a result, the Asia Pacific bi-metal and carbide tipped band saw blades market is expected to grow during the forecast period with the flourishing automotive production in the region.
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Bi-Metal and Carbide Tipped Band Saw Blades Market: Strategic Insights
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Bi-Metal and Carbide Tipped Band Saw Blades Market: Strategic Insights
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Impact of COVID-19 Pandemic on Bi-Metal and Carbide Tipped Band Saw Blades Market
During the COVID-19 pandemic, the bi-metal band saw blade market suffered a downturn due to the insufficient supply of raw materials such as high-speed steel tooth tips and alloy steel, and disruptions in bi-metal band saw blade production processes. These blades are extensively used in steel applications in several end-use industries, such as automotive and machinery production. Per a survey conducted by the United Nations Industrial Development Organization (UNIDO), production of bi-metal and carbide tipped band saw blades in India stopped after the implementation of a lockdown in 2020. Motor vehicles, metals, chemical products, textiles, and machinery & equipment were among the most affected industries that recorded a drop in manufacturing. The COVID-19 pandemic has had a severe impact on the global automotive sector. This resulted in disruption in Chinese parts exports, the shutdown of assembly plants in the US, and large-scale interruptions in production activities across Europe. The automotive industry has been witnessing declining sales of passenger cars. However, the automotive industry has started to gain momentum and is expected to witness significant growth in the coming years. Thus, despite the losses incurred by the global bi-metal and carbide tipped band saw blades market during the COVID-19 pandemic, it is expected to revive in the coming years.
Market Insights
Cost-Effectiveness of Tools that Enable High-Performance In-House Metal Sawing Drives Market Growth
Bi-metal blades are used on band saws to cut carbon steel, tool steel, structural steel, stainless steel, pipes and tubes, die steel, angles and flat stock, and mixed metal components. Bi-metal teeth have superior strength that can retain the blade's edge while cutting, thus allowing for maximum flexibility without sacrificing resilience or durability. The blade back is made up of flexible spring steel, which allows the bending of the blade. Blade teeth are machined into a high-speed steel wire that is welded to the blade back using an electronic beam. The bi-metal and carbide tipped band saw blades are more robust than carbon blades, which contributes to a considerably longer blade life and high-performance sawing. The fabrication and metalworking industries require band saw blades that will last longer and produce higher-quality cuts. The bi-metal and carbide tipped band saw blades help minimize the cost per cut, alongside ensuring greater productivity. Moreover, due to the high cost of outsourcing manufacturing processes, many manufacturers and industrial operators are focusing on adopting more cost-effective and efficient ways to saw metals in their own facilities. The introduction of band sawing tools, such as bi-metal and carbide tipped band saw blades, having greater availability and control, has enabled companies to cut their own metals in-house. These blades help manufacturers lower their overall operating costs by eliminating the need of outsourcing metal cutting jobs, further enhancing production efficiency by ensuring work completion within the given timeframe. Thus, bi-metal and carbide tipped band saw blades are emerging as cost-effective cutting tools that deliver high-performance metal sawing and improve production efficiency, thereby minimizing the overall cost of production in automotive, aerospace, and metal components manufacturing facilities. As a result, the bi-metal and carbide tipped band saw blades market is growing at a notable pace.
Product Type Insights
Based on product type, the bi-metal and carbide tipped band saw blades market is bifurcated into carbide tipped and high strength steel. The high-speed steel segment accounted for a larger market share in 2022, and the carbide tipped segment is expected to register a higher CAGR in the market during the forecast period. The projected growth of the high-speed steel segment during the forecast period is attributed to a surge in their application in various small and medium industries. The popularity of these blades is growing due to their efficient sawing abilities, low tooth strippage probability, and high flexibility. These blades are manufactured from a high-speed steel strip (HSS) electron beam that is welded to a high-strength spring steel alloy. Through its extreme cutting performance, it can cut through all types of materials, including alloys such as stainless steel
Application Insights
Based on application, the bi-metal and carbide tipped band saw blades market is segmented into steel, aluminum, cast iron, non-ferrous materials, and others. The steel segment accounted for the largest market share in 2022, and the aluminum segment is expected to register the highest CAGR during the forecast period. A majority of tools and machinery are manufactured from steel. The alloy is extensively used in the automotive sector to manufacture various parts and components. Thus, the proliferation of the automotive sector is boosting the demand for steel across the world. Ideally, high-speed steel-based blades are used to cut steel metals as they provide high flexibility and greater resistance to cyclic bending stress. The smaller band saw machines for cutting steel metal use blades ranging from 13 mm × 0.65 mm to 41 mm × 1.30 mm dimensions. Thus, with the flourishing automotive and other manufacturing industries, the adoption of steel-based tools and equipment is also increasing, thereby driving the growth of the bi-metal and carbide tipped band saw blades market for the steel segment.
End-Use Industry Insights
Based on end-use industry, the bi-metal and carbide tipped 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 2022, and the automotive segment is expected to register the highest CAGR in the market during the forecast period. The machine manufacturing segment entails 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 and carbide tipped 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.
A few of the players operating in the bi-metal and carbide tipped 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.
Report Spotlights
- Progressive industry trends in the bi-metal and carbide tipped band saw blades market to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the bi-metal and carbide tipped band saw blades market from 2020 to 2028
- Estimation of global demand for bi-metal and carbide tipped band saw blades
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in bi-metal and carbide tipped band saw blades industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, and drivers and restraints in the bi-metal and carbide tipped band saw blades market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the bi-metal and carbide tipped band saw blades market size at various nodes
- Detailed overview and segmentation of the market, as well as the bi-metal and carbide tipped band saw blades industry dynamics
- Size of the bi-metal and carbide tipped band saw blades market in various regions with promising growth opportunities
Bi-Metal and Carbide Tipped Band Saw Blades Market Regional Insights
Bi-Metal and Carbide Tipped Band Saw Blades Market Regional Insights
The regional trends and factors influencing the Bi-Metal and Carbide Tipped Band Saw Blades Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Bi-Metal and Carbide Tipped Band Saw Blades Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Bi-Metal and Carbide Tipped Band Saw Blades Market
Bi-Metal and Carbide Tipped Band Saw Blades Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1.95 Billion |
| Market Size by 2028 | US$ 2.59 Billion |
| Global CAGR (2022 - 2028) | 4.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Bi-Metal and Carbide Tipped Band Saw Blades Market Players Density: Understanding Its Impact on Business Dynamics
The Bi-Metal and Carbide Tipped 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 Bi-Metal and Carbide Tipped Band Saw Blades Market are:
- Bichamp Cutting Technology Co(hunan).,Ltd.
- Dalian Special Steel Products Co.,Ltd.
- Eberle
- Hakansson Saws India Pvt. Ltd
- Lenox
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Bi-Metal and Carbide Tipped Band Saw Blades Market top key players overview
Company Profiles
- 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
- Amada Machine Tools Co., Ltd.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
During the forecast period, Asia Pacific is anticipated to account for the largest share in the global bi-metal and carbide tipped band saw blades market. The use of bi-metal and carbide tipped band saw blades has increased in Asia Pacific across a wide range of industries, including automotive, aerospace and military, and machine manufacturing. In addition, demand for bi-metal and carbide tipped band saw blades is surging in Asia Pacific as a result of expanding construction projects and rising automobile production. As a result, growing automotive production in the region is likely to drive up demand bi-metal and carbide tipped band saw blades market over the forecast period.
On the basis of application, the steel segment led the global bi-metal and carbide tipped band saw blades market in 2022. A majority of tools and machinery are manufactured from steel. The alloy is extensively used in the automotive sector to manufacture various parts and components. Thus, the proliferation of the automotive sector is boosting the demand for steel across the world. Ideally, high-speed steel-based blades are used to cut steel as they provide high flexibility and greater resistance to cyclic bending stress. Thus, with the flourishing automotive and other manufacturing industries, the adoption of steel-based tools and equipment is also increasing, thereby driving the growth of the bi-metal and carbide tipped band saw blades market for the steel segment.
Rising demand from various end-user industries is one of the key drivers for the growth of the global bi-metal and carbide tipped band saw blades market. Bi-metal and carbide tipped band saw blades are widely used across the industries such as automotive, aerospace, and machine manufacturing for cutting various metals, including cast iron, steel, aluminum, and non-ferrous metals. Metal cutting is one of the primary tasks in automotive part manufacturing. Bi-metal and carbide tipped band saw blades deliver high-quality cuts by optimizing the production costs and increasing overall productivity.
The major players operating in the global bi-metal and carbide tipped 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.
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 and carbide tipped band saw blades to cut metals and alloys.
On the basis of product type, carbide tipped segment is the fastest growing segment in the global bi-metal and carbide tipped band saw blades market during the forecast period. The growing trend of industrialization is fostering the demand for carbide-tipped band saw blades for metal sawing. The carbide-tipped band saw blades are widely used in the metalworking industry to cut carbon steels, bearing steels, alloy steels, aluminum, nonferrous metals, nickel-based alloys, and other metals.
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The List of Companies - Bi-Metal and Carbide Tipped Band Saw Blades Market
- 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
- Amada Machine Tools Co., Ltd.
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