Global Band Saw Blades Market Surges to US$2.37 Mn by 2025 as Demand for Precise Wood Cutting Gains Pace
LOS ANGELES, December 30, 2019 (Newswire.com) - QY Research recently added a new report, titled “Global Band Saw Blades Sales Market Report 2019”. According to the analysis, the global market for band saw blades was worth US$1.83 bn in 2018 and is expected to reach US$2.37 mn dollars by 2025, registering a CAGR of 3.76%.
Band Saw Blades Winning the Productivity Battle
Band saw blade is made up of two type of metals. The teeth of the blade is made up of high speed and high performance steel while the band of the blade is made up of steel alloy. Compared to a chainsaw, the band saw machines are more efficient and have an impeccable precision. It is almost as powerful as a large chainsaw when it comes to cutting any material. Additionally, it is more accurate and affordable. Band saw machines have proven their versatility and functionality in these years when it comes to various modern cutting applications because of the perfectly placed blade teeth and unmatched high speed. Other distinguished features include gear motor speed, improved horsepower, and smooth bundle cutting capabilities.
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Wood Industry, the Key Factor for Growing Band Saw Market
The major driving factor in the band saw market is the wood processing industry, considering the high demand for band saw for wood cutting. The growing biomass energy industry is also driving the band saw market to grow as the demand for manufacturing wood and wood waste to produce wood products is increasing. The ever growing industrialization and emerging economies such as China and India have also resulted in the demand for band saw. Other key factors for the rising band saw market also include metal cutting industry, rubber industry, and automobile industry.
China Leading the Band Saw Blade Market
On the regional level, the band saw market majorly spans across North America, Europe, China, Japan and India. Out of these regions, China has taken a lion’s share followed by North America and Europe. The band saw market in China grew steadily, resulting in high demand and sales during 2018-2019.
Global Band Saw Blades Sales Market and the Competitive Landscape
The key players in the band saw industry are Amada, Wikus, Lenox, Bahoco, Benxi Tool and Bichamp. Amongst these key players, Benxi Tool and Bichamp Cutting Technology both China based brands, are leading the band saw market among the local brands and have the largest capacity to manufacture band saw annually. According to the analysts, Bichamp Cutting Technology has lead the overall market as their major strategy is to focus on the development and expansion of new products to various regions and to set up a global network.
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Source: QY Research, Inc.
