Report : Europe Bi-Metal Band Saw Blades Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Carbide Tipped and High Speed Steel), Application (Steel, Aluminum, Cast Iron, Non-Ferrous Material, and Others), and End Use Industry (Automotive, Aerospace and Defense, Machine Manufacturing, and Others)
Steel Segment to Dominate Europe Bi-Metal Band Saw Blades Market During 2021–2028
According to a new market research study on “Europe Bi-Metal Band Saw Blades Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Application, and End Use Industry” is expected to reach US$ 1,114.59 million by 2028 from US$ 823.26 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the Europe bi-metal band saw blades market along with the drivers and restraints pertaining to the market growth. Increasing demand from various end-user industries and cost-effectiveness of tools that enable high-performance are the major factor driving the growth of the Europe bi-metal band saw blades market. However, overpriced maintenance hinders the growth of Europe bi-metal band saw blades market.
The UK has recorded the highest number of COVID-19 cases in Europe, followed by Russia, France, Italy, and Germany. As per the European Automobile Manufacturers Association, the COVID-19 crisis has severely impacted the European automobile sector. Both the production and sale of motor vehicles have come to a sudden halt in Europe. However, the lockdown restrictions are being slowly lifted in several countries in the region. All these factors are likely to positively impact the chemicals & materials industry, translating to the recovery of the bi metal band saw blade market in the coming years. The demand for bi metal band saw blades is expected to increase in the region as the economies are recovering and vaccination drives have begun.
The Europe bi-metal band saw blades market is segmented based on product type, application, end use industry, and country. Based on product type, the market is bifurcated into carbide tipped and high speed steel. The high speed steel segment dominated the market in 2020 and carbide tipped segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into steel, aluminum, cast iron, non-ferrous material, and others. The steel segment dominated the market in 2020 and aluminum segment is expected to be fastest growing during forecast period. Based on end use industry, the market is segmented into automotive, aerospace and defense, machine manufacturing, and others. The machine manufacturing segment dominated the market in 2020 and automotive segment is expected to be fastest growing during forecast period. Based on country, the market has been segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
AMADA MACHINERY CO., LTD.; BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD; EBERLE; Gebr. Lennartz GmbH & Co. KG; HAKANSSON SAWS INDIA PVT. LTD.; ROBERT RÖNTGEN GMBH & CO. KG; SNA Europe (BAHCO); Starrett; and WIKUS are among the leading companies in the Europe bi-metal band saw blades market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Bahco has introduced a web-based BandCalc™ a bandsaw calculator which can run on multiplatform. The calculator will help to identify the most suitable bandsaw blade for optimizing any particular cutting operation.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com