Bimetal Bandsaw Blades Market Size ($ 5,907.52 Million by 2028) Led by High Speed ​​Steel (5.6% CAGR) Impact of Coronavirus Outbreak and Global Analysis and Forecast from TheInsightPartners .com



Bimetallic Bandsaw Blade Market Size to Reach $ 5,907.52 Million by 2028, from $ 4,035.19 Million in 2021 to grow at a CAGR of 5.6% during 2021-2028 ; while the profitability of tools that enable high performance in-house metal sawing is expected to drive product demand.

New York, November 04, 2021 (GLOBE NEWSWIRE) – Bi-Metal Bandsaw Blades Market: Key Insights
According to our new research study on Bi-Metal Bandsaw Blades Market Size, Share, Revenue, Forecast to 2028 – COVID-19 Impact and Global Analysis by Product Type (Carbide Tipped Steel and High Speed ​​Steel); Application (steel, aluminum, cast iron, non-ferrous materials and others); and end-use industry (automotive, aerospace and defense, machinery manufacturing and others).

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Details

Market size Value in

US $ 3,922.06 million in 2020

Market size Value per

US $ 5,907.52 million by 2028

Rate of growth

5.6% CAGR from 2021 to 2028

Forecast period

2021-2028

Year of reference

2021

Number of pages

161

Number of tables

83

Number of graphs and figures

79

Historical data available

Yes

Covered segments

Product type, application and end-use industry

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

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Revenue forecast, company ranking, competitive landscape, growth factors and trends

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Bi-Metal Bandsaw Blades Market: Competitive Landscape and Key Developments
Some of the players operating in the 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. In 2020, Bichamp Cutting Technology (Hunan) Co., Ltd. designed and introduced aluminum saw blade with the cooperation of China Aluminum Association. The product consists of four width specifications of 34mm, 41mm, 54mm and 80mm.

Bimetallic band saw blades are used for cutting metals such as steel, aluminum, cast iron and non-ferrous materials in various industries such as machinery manufacturing, automotive, aerospace and defense , metal fabrication, among others. These blades are suitable for semi-automatic and fully automatic band saws. They are made of high speed steel and carbide and are cost effective alternatives to expensive precision and metal cutting equipment. The growing demand for bimetallic band saws for manufacturing industrial equipment, automotive components, aircraft and defense equipment due to the ability of bimetallic band saw blades to cut harder metals by optimizing cost and quality of cuts mainly drives market growth. Moreover, the increasing use of state-of-the-art metal cutting equipment in machine shops is also expected to potentially drive the market growth during the forecast period.

Market opportunities for innovative products:
Bandsaw blade manufacturers are focused on developing new products that provide high quality cuts in different metal cutting applications. The product innovation strategy is primarily focused on improving the performance and durability of blades for high precision metal cutting. The intense competition in the metal cutting market has been one of the key factors that have compelled manufacturers to adopt a product innovation strategy. Simonds Saw, LLC, a leading manufacturer of band saw and manual file products, based in the United States, introduced a new line of bi-metal band saw blades designed with the specialized depth to meet all needs. metal cutting applications, including general purpose. cutting, production cutting, structural steel cutting and cutting tough exotic alloys. Thus, the increasing development of new products with improved performance should offer market players significant opportunities for product and customer expansion in the years to come.

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Bi-Metal Bandsaw Blades Market: Segment Overview
The machinery manufacturing segment includes manufacturers of machinery used in the construction, food and beverage industries, as well as automation and controls. Rapid industrialization and urbanization, especially in developing economies, is fueling the proliferation of construction and manufacturing industries. The growth of these industries eventually accelerated the production of heavy machinery, subsequently creating a demand for bimetallic band saw blades for cutting metals and alloys.

Impact of COVID-19 on the Bi-Metal Bandsaw Blade Market:
The bimetal band saw blades market has been negatively impacted due to insufficient supply of raw materials such as high speed steel and alloy steel tooth tips and disruptions in the production processes of the blades. bimetal band saw machine. The bimetal band saw blade is widely used in steel applications and several end use industries such as automotive and machinery production. According to a survey by the United Nations Industrial Development Organization (UNIDO), after the lockdown was imposed last year, production in India came to a halt. In the manufacturing sector, motor vehicles, metals, chemicals, textiles, and machinery and equipment were among the industries most affected. The COVID-19 pandemic has had a severe impact on the integrated automotive sector globally. This led to a disruption in Chinese parts exports, the closure of assembly plants in the United States, and large-scale production disruptions across Europe. The auto industry has witnessed a decline in passenger car sales. For example, according to McKinsey & Company, original equipment manufacturers (OEMs) have reduced their production volumes in Europe by 16% from their originally planned volumes for 2020.

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Key Questions To Ask For Bi-Metal Band Saw Blades Market:

  • Can you list some of the major players operating in the global bimetallic band saw blades market?

  • During the forecast period, which region is expected to account for the largest share of the global Bimetallic Band Saw Blades Market?

  • Based on the end-use industry, why the machinery manufacturing segment accounted for the largest share of the global bimetallic band saw blades market?

  • Which application segment dominated the global bimetallic band saw blades market in 2020?

  • Based on product type, which segment is the fastest growing segment in the global bimetallic band saw blades market?

  • What is the key driver for the growth of the Global Bi-Metal Band Saw Blades Market?

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