Report : Asia Pacific Band Saw Blades Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By TPI (Less Than 3 TPI, 4 TPI to 6 TPI, and More than 7 TPI), Material (Bi-Metal, Carbon Steel, and Others), and Application (Wood Cutting and Meat Processing)
At 3.3% CAGR, the Asia Pacific Band Saw Blades Market is speculated to be worth US$ 311.66 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific band saw blades market was valued at US$ 256.35 million in 2022 and is expected to reach US$ 311.66 million by 2028, registering an annual growth rate of 3.3% from 2022 to 2028. The development of advanced coating materials to increase bandsaw blade performance and expansion of construction projects in the developing economies are the critical factors attributed to the market expansion.
Technological advancements have led to the launch of a new range of bi-metal band saw blade products, raising the performance standard in wood-cutting. Market players are investing significantly in research and development and collaborating with experts on multiple rounds of testing, prototyping, and optimization for the development of high-performance blades for general purpose cutting, production cutting, structural steel cutting, and tough exotic alloys cutting. Growth in the extensive field testing has increased the demand for high-performance band saw blades. Manufacturers of band saw blades have taken important steps toward the design of large cutting tools, such as band saw blades, in the last few years. Many have improved their methods of applying coatings, and such coated blades have steadily gained industry acceptance in high-production woodworking and meat processing shops. The emergence of a wide variety of blades with advanced and application-specific coatings, such as titanium nitride (TiN) and aluminum titanium nitride (AlTiN), delivers high productivity and increases life. Coated bi-metal blades offer high sawing and feed rates and increase blade life. The band saw blade manufacturers are currently researching and developing nano-composite third-generation PVD coatings and band saw blades with a tooth design that provides a larger tooth cross section and tooth geometry. The advanced design provides a reinforced cutting surface that eliminates tooth strippage and prevents premature failure. Amada Machinery Co., Ltd. specializes in cutting and machining metal blocks and forming metal sheets and provides general fabrication machines products. Its hyper-speed band saw machine created from machine-and-blade integrated development significantly reduces cutting times and improves production efficiency. A Morse Master Cobalt hybrid reciprocating saw blade is widely used for applications through various materials, ranging from wood to plastic and ferrous and nonferrous metals. Such trends are anticipated to propel the growth of the band saw blades market in the coming years.
On the contrary, high cost of maintenance of band saw blade hurdles the growth of Asia Pacific band saw blades market.
- Based on TPI, the band saw blades market can be segment into Less Than 3 TPI, 4 TPI to 6 TPI, and more than 7 TPI. The 4 TPI to 6 TPI segment held 43.6% market share in 2022, amassing US$ 111.86 million. It is projected to garner US$ 133.87 million by 2028 to expand at 3.0% CAGR during 2022–2028.
- Based on material, the Asia Pacific band saw blades market is categorized into Bi-metal, carbon steel, and others. With 63.8% share of the domain, the Bi-metal segment dominated the market in 2022. It accrued US$ 163.63 million in 2022 and is estimated to generate US$ 192.39 million by 2028 to grow at a CAGR of 2.7% over the forecast period.
- Based on application, the Asia Pacific band saw blades market categorized into wood cutting and meat processing. The meat processing segment held 65.4% market share in 2022, amassing US$ 167.74 million. It is projected to garner US$ 199.45 million by 2028 to expand at 2.9% CAGR during 2022–2028.
- Based on country, the Asia Pacific band saw blades market is categorized into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. Our regional analysis states that China captured 35.0% market share in 2022. It was assessed at US$ 89.72 million in 2022 and is likely to hit US$ 120.71 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.
Key players dominating the Asia Pacific band saw blades market are BAHCO (SNA Europe); Dongbei Special Steel Group Co.,Ltd; Friedrich Bickenbach GmbH & Co. KG; L. S. Starrett Company; LENOX; and NACHI FUJIKOSHI CORP among others.
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