Report : Europe 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 2.7% CAGR, the Europe Band Saw Blades Market is speculated to be worth US$ 362.58 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe band saw blades market was valued at US$ 308.17 million in 2022 and is expected to reach US$ 362.58 million by 2028, registering an annual growth rate of 2.7% from 2022 to 2028. The increase in woodworking and metalworking processes and surge in demands for high-speed bi-metal band saw blades are the critical factors attributed to the market expansion.
Band saw blades find major applications in the woodworking and metalworking industries, owing to the growing demand for coarse tooth blades (2 or 3 TPI) for resawing and cutting thicker materials and diamond blades or ferrous blades for metal-cutting. Important processes in the woodworking industry include harvesting and processing of wood and other forest resources, logging, woodworking, and pulp and paper processing. Enterprises in the industry produce finished products used by the construction, agriculture, and food industries. Band saw blades are used to carry out primary wood processing. Advancements in the metal processing techniques have augmented the needs for equipment and tools that dampen vibration and noise. Comfort and ease of handling the equipment are an important consideration in metal processing. Therefore, there is an increased demand for durable band saw blades with longevity to prevent failure and downtime. Rise in the CNC machine manufacturing process bolsters the growth of the industrial metalworking industry. The advent of CNC technology, technological advancements, and innovative developments of products, and increasing demand for power tools and robotic woodworking machines are among the other factors fueling the growth of the band saw blades market. In addition, rising proliferation of advanced technologies propels the sales of band saw blades in wood and metal work industries. Market players with extensive experience in the woodworking industry are working closely with woodworking companies to develop, modernize, and automate their products and implement systems to check product quality and production diagnostics. The industry for the furniture segment witnesses a significant growth. The woodworking machinery market experiences growth across the region. Furthermore, the woodworking & metalworking industry is characterized by the increasing activities of R&D by major players, development of advanced machines, and technological up-gradation of current products, which creates demand for band saw blades. In addition, the growing use of IoT in woodworking machines to enable communication between objects and internet-enabled devices propels the growth of the band saw blades market.
On the contrary, high cost of maintenance of band saw blade hurdles the growth of Europe 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 43.2% market share in 2022, amassing US$ 133.12 million. It is projected to garner US$ 169.91 million by 2028 to expand at 4.2% CAGR during 2022–2028.
Based on material, the Europe band saw blades market is categorized into Bi-metal, carbon steel, and others. With 61.4% share of the domain, the Bi-metal segment dominated the market in 2022. It accrued US$ 189.08 million in 2022 and is estimated to generate US$ 210.17 million by 2028 to grow at a CAGR of 1.8% over the forecast period.
Based on application, the Europe band saw blades market categorized into wood cutting and meat processing. The meat processing segment held 75.9% market share in 2022, amassing US$ 233.92 million. It is projected to garner US$ 276.28 million by 2028 to expand at 2.8% CAGR during 2022–2028.
Based on country, the Europe band saw blades market is categorized into Germany, France, Italy, the U.K, Russia, and the rest of Europe. Our regional analysis states that Germany captured 55.0% market share in 2022. It was assessed at US$ 169.50 million in 2022 and is likely to hit US$ 203.25 million by 2028, exhibiting a CAGR of 3.1% during the forecast period.
Key players dominating the Europe band saw blades market are BAHCO (SNA Europe); Dongbei Special Steel Group Co.,Ltd; Friedrich Bickenbach GmbH & Co. KG; Gi - Esse Salvador S.r.l; HABUR -SAWS GmbH; KYOCERA UNIMERCO; L. S. Starrett Company; LENOX; NACHI FUJIKOSHI CORP; and The Bandsaw Shop among others.
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