Band Saw Blades Market Size and CAGR by 2031
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 Market Analysis
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 Market Overview
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%.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Band Saw Blades Market: Strategic Insights
Market Size Value in US$ 1,162.48 Million in 2022 Market Size Value by US$ 1,347.80 Million by 2028 Growth rate CAGR of 2.5% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Band Saw Blades Market: Strategic Insights
| Market Size Value in | US$ 1,162.48 Million in 2022 |
| Market Size Value by | US$ 1,347.80 Million by 2028 |
| Growth rate | CAGR of 2.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Band Saw Blades Market Drivers and Opportunities
An increase in woodworking and metalworking processes across the globe drives market growth
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.
Expansion of construction projects in the developing economies
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.
Band Saw Blades Market Report Segmentation Analysis
Key segments that contributed to the derivation of the band saw blades market analysis are TPI, material and application.
- Based on TPI, the market is divided into Less Than 3 TPI, 4 TPI to 6 TPI, and More than 7 TPI. Rising applications of 4 TPI to 6 TPI blades for cutting mild steel or annealed material are propelling segment growth. Market players in the 4tpi to 6tpi segment are providing an ideal amount of teeth count considering the wall thickness to eliminate premature blade wear or motor failure. Such factors are anticipated to boost the growth of the 4 TPI to 6 TPI segment in the global band saw blades market.
- Depending upon the material, the market is divided into bi-metal, carbon steel, and others. Among these, bi-metal has the largest share in 2023.
- Based on application, the market is segmented into wood cutting and meat processing. Wood cutting is the dominating segment in 2023 owing to increased applications in residential furniture.
Band Saw Blades Market Share Analysis by Geography
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.
Band Saw Blades Market Report Scope
Band Saw Blades Market News and Recent Developments
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:
- Diablo Tools (“Diablo”), which offers a solution-oriented range of best-in-the-world and best-for-our-world products for the professional user, introduces yet another industry-first in the oscillating multi-tool (“OMT”) market: the AMPED™ Demo Demon™ Carbide Teeth Blade for Nail-Embedded Wood. This first-of-its-kind carbide OMT blade is designed specifically for nail-embedded wood and offers application-specific benefits and game-changing innovations for professionals. (Source: Company Press Release, April 2024)
- KR Saws subsidiary division Roentgen, a renowned German leader in industrial cutting solutions, has unveiled its latest innovation tailored for the sawing nickel-based alloys. The Roentgen Fit Set and Fit Bandsaw Blade have been engineered and manufactured to elevate cutting performance, extend tool life, and eliminate the need for traditional run-in procedures, ultimately saving valuable time and resources for metal manufacturers and engineers. Nickel-based alloys such as Inconel 718 & 625 are known for their exceptional strength, corrosion resistance, and high-temperature properties and are challenging for conventional cutting tools. (Source: Company Press Release, March 2024)
Band Saw Blades Market Report Coverage and Deliverables
The “Band Saw Blades Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering the following areas:
- Band Saw Blades Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Band Saw Blades Market Trends
- Detailed PEST Analysis and SWOT analysis
- Band Saw Blades Market Analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments.
- Band Saw BladesMarket Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
- Detailed Company Profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
TPI, Material, and Application
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
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Band Saw Blades Market
Jun 2024
End Mills Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Carbide, Steel, and Others), Type (Square Nose, Ball Nose, and Others), Diameter Size (Upto 4 mm, 4–6 mm, 6–8 mm, 8–12 mm, and Above 12 mm), End-Use Industry (Automotive, Heavy Machinery, Semiconductor and Electronics, Medical and Healthcare, Energy, Aerospace and Others), and Geography
Jun 2024
Plain Bearings Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type [Spherical Bearings (Radial, Angular, and Thrust), Rod Ends (Female Thread, Male Thread, and Welding Shank), and Bushings], Application (Agriculture, Construction, Industrial Vehicles, Automotive and Transportation, Aerospace and Defense, Energy and Power, and Others), and Geography
Jun 2024
Thermostatic Mixers Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Mounting Type (Deck Mount and Wall Mount), Application (Residential and Commercial), Design Type (Concealed and Exposed), and Geography
Jun 2024
Jun 2024
Trenchless Pipe Relining Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage - by Method (Cured in Place Pipe, Pull-in-Place, Pipe Bursting, and Internal Pipe Coating), End User (Residential, Commercial, Industrial, and Municipal), and Diameter (Below DN 50, DN 51–DN 150, DN 151–DN 250, and Above DN 251), and Geography
Jun 2024
Green Cement and Concrete Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Fly Ash Based, Geopolymer, Slag Based, and Others), End-user (Commercial and Public Infrastructure, Industrial, and Residential), and Geography
Jun 2024
Cold Storage Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Temperature Type (Chilled, Frozen), Warehouse Type (Public, Private and Semi-Private) and Application (Dairy Products, Meat and Seafood, Fruits and Vegetables, Pharmaceuticals, Processed Food) and Geography
Jun 2024
Chopper Pumps Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Submersible Chopper Pumps, Cantilever Chopper Pumps, Vertical Dry Pit Chopper Pumps, Self-Priming Chopper Pumps, End Suction Chopper Pump, Vertical Wet Well Chopper Pump), By End-user (Agriculture, Food and Beverages, Water and Waste Water Treatment, Chemical and Petrochemical, and Others), and Geography
Get Free Sample For