Surging application of horizontal bandsaw and vertical bandsaw machines in transportation and shipbuilding industries will propel the boom within the market. In phrases of quit use, car and transportation segment is predicted to dominate the overall bandsaw machines market. Growing inclination closer to biomass for power technology will provide profitable growth possibilities for bandsaw machines in automobile and transportation zone.
The bandsaw machines marketplace is set for an unwavering growth through 2029, more often than not pushed by using developing focus on effective slicing technologies that promise excessive capability for varying programs. But, boundaries in phrases of producing flawlessly-fashioned curved edges maintains to threaten the relevance, thereby adding new uncertainties to the close to-time period outlook of bandsaw machines.
The FMI analyst opines that there are signs and symptoms of a majority of the industries transferring in the direction of ‘power performance’, which marks advantageous beginnings for the adoption of bandsaw machines marketplace at some point of the evaluation length. 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 the sales.
The worldwide bandsaw machines marketplace displays a honest degree of fragmentation, with a handful of marketplace players accounting for about 29-31% revenue percentage. However, the mid-stage and emerging players will command for a chief chunk of normal marketplace share i.e. 69-seventy one%, and will continue to be focused toward extending their sphere of influence thru low cost merchandise with ‘nice-in-magnificence’ capabilities. To align with quit consumer proclivity for great bandsaw machines that convey down operational and protection costs, producers are putting emphasis on use of high-value additives and operating closer to discount of blade changeover downtimes.
Consistent with the FMI analyst, the marketplace players also are moving their strategic recognition in the direction of the improvement of differentiated and custom designed bandsaw machines which are appropriate to varying cease-consumer wishes and necessities.
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
- Multicut
- Kasto Machinenbau GmbH & Co. KG.
- Others
Get | Download Sample Copy with Graphs & List of Figures
