The global bandsaw machines market is expected to surpass US$ 2.80 Bn, registering growth at over 3.9% CAGR between 2022 and 2029. Increasing demand for metal cutting bandsaw machines in automotive, construction, and mining industries will fuel sales.
The market will grow as a result of the rapidly expanding use of horizontal bandsaw and vertical bandsaw machines in the shipping and transportation sectors. The market for bandsaw machines as a whole is anticipated to be dominated by the automotive and transportation end-use segment.
Growing inclination towards biomass for power generation will provide lucrative growth opportunities for bandsaw machines in the automotive and transportation sector.
With the majority of equipment being automated, the industrial sector’s growing level of automation affects how workers are deployed on-site. To achieve the required precision of curved cuts, bandsaw machines, especially manual and semi-automatic ones, require the presence of skilled operators and additional time. This significantly increases operating time and cost while lowering production efficiency.
As per Future Market Insights (FMI), the sales in the global bandsaw machines market totaled US$ 2.07 Bn by the end of 2021. Global sales of bandsaw machines are estimated to total over 200,000 units in 2021 amid the increasing application of horizontal bandsaw machines across diverse industries.
East Asia is expected to command the lion’s share of the global market. As per FMI, over 37% of bandsaw machine sales are expected to concentrate in East Asia through 2022.
In the mining and automotive industries, horizontal bandsaws are widely used to cut steel and other tough materials. For efficiency, certain auto parts require the right metal-cutting band saw tools.
As a result, horizontal band saws are increasingly being used by automotive manufacturers to quickly and accurately cut parts made of hardened metal. The expansion of the automotive industry will increase demand for these bandsaw machines in emerging economies, which will support the market’s expansion.
East Asia is expected to be the most lucrative market for bandsaw machines. With China being the hub for the largest manufacturing industries, demand for bandsaw machines is expected to increase in the automotive, construction, and mining industries.
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Over the past few years, Japan has remained one of the prominent regions in the production of wood pellets. Increasing the application of portable bandsaw and horizontal band saw machines for the production of wood pellets for the biomass industry will create growth opportunities for the market players.
According to Future Market Insights, the demand for fully automatic band saw machines in the automotive and transportation industries is rising quickly. Band saws that operate completely automatically offer improved functionality and accuracy with few mistakes.
The demand for fully automatic band saws in the automotive industry has also increased due to the need to precisely and flawlessly cut hard metals. According to the study, between 2022 and 2029, fully automatic band saw machines will hold over one-third of the market.
Key Players:
- 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.
- ITL Industries Limited
- Behringer GmbH
- Soitaab Impianti SRL
