Global Bimetal Bandsaw Blades Market Forecast to 2028 – Impact and Analysis of COVID-19 – ResearchAndMarkets.com

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The “Bi-Metal Bandsaw Blades Market Forecast to 2028 – Impact of COVID-19 and Global Analysis” report has been added to from ResearchAndMarkets.com offer.

Bimetal Bandsaw Blades Market was valued at US$3,922.06 Million in 2020 and is projected to reach US$5,907.52 Million by 2028; it is expected to grow at a CAGR of 5.3% from 2020 to 2028.

Bi-metal bandsaw blades are made of two metals, primarily high tensile steel (HSS) and spring steel. These blades are commonly used in the metalworking industries to cut cast iron; structural steel; pipelines; and non-ferrous materials such as brass, bronze, aluminum, copper and other metals. Bi-metal bandsaw blades are a cost effective solution for a variety of metal cutting applications.

The blades provide high cutting performance at high speed and high efficiency, and meet production efficiency challenges. They are particularly suitable for industrial metal cutting operations on semi-automatic and automated machines. Additionally, bi-metal bandsaw blades offer a number of advantages, such as better cutting performance, longer tool life, superior wear resistance and excellent cutting stability. the cutting edge.

Based on end-use industry, the bi-metal bandsaw blade market is segmented into automotive, aerospace & defense, machinery manufacturing, and others. The machinery manufacturing segment accounted for the largest market share in 2020, and the automotive segment is expected to register the highest CAGR in the market during the forecast period. The Machinery Manufacturing segment includes manufacturers of machinery used in the construction, food and beverage, automation and controls industries. 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 bi-metal bandsaw blades for cutting metals and alloys. According to the China Construction Machinery Association (CCMA), in 2020, sales of excavators and other heavy machinery increased by 39% over the previous year, and more than 300,000 units out of 327,605 units were sold. this year.

Based on region, the bimetal bandsaw blades market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). In 2020, Asia-Pacific held the largest market share and is expected to register the highest CAGR in the market during the forecast period. The use of bi-metal bandsaw blades has increased in Asia-Pacific in various industries, such as automotive, aerospace and military, and machinery manufacturing.

Additionally, the demand for bi-metal bandsaw blades is increasing in the region due to expanding construction projects and increasing automobile production. Bi-metal band saw blades are used to cut hard metals, such as structural steel, cast iron and non-ferrous metals, to manufacture automotive components and aftermarket parts. As a result, growing automotive production in the region is expected to drive the growth of the Asia-Pacific bimetal bandsaw blade market over the forecast period.

A few players operating in the bi-metal bandsaw blades market are Bichamp Cutting Technology Co (Hunan)., Ltd.; Dalian Special Steel Products Co., Ltd. ; Eberle; Saws Hakansson India Pvt. ltd. ; Lenox; Starret; Wikus-Sagenfabrik; Benxi Tool Group; Bahco; and Amada Machine Tools Co., Ltd.

Reasons to buy

  • Highlights key business priorities to help companies realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the Global Bi-Metal Bandsaw Blades Market, thereby allowing players to develop effective long term strategies.

  • Develop/modify business expansion plans using substantial growth offering in both developed and emerging markets.

  • Dig deep into the market trends and outlook associated with the factors driving the market, as well as those hindering it.

  • Improve the decision-making process by understanding the strategies that drive business interest with respect to products, segmentation, and industry verticals.

Market dynamics

Drivers

  • Cost-effective tools that enable high-performance metal sawing in-house

  • Growing demand from various end-user industries

Detention

  • High maintenance cost required for bi-metal bandsaw blades

Opportunities

  • Development of innovative products

Tendencies

  • Band saw blade product customization

Companies cited

  • Bichamp Co (Hunan) cutting technology. ltd

  • flabbergasted

  • Saws Hakansson India Pvt. ltd.

  • Wikis

  • Benxi Tool Group

  • Starret

  • Sna Europe (Bahco)

  • Amada Machinery Co.Ltd.

  • Robert Rontgen GmbH & Co. Kg

  • Gebr. Lennartz GmbH & Co. Kg

For more information about this report visit https://www.researchandmarkets.com/r/5yup3x

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