Report : Middle East and Africa 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)
Carbide Tipped Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
According to a new market research study on “MEA 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$ 214.56 million by 2028 from US$ 184.43 million in 2021. The market is estimated to grow at a CAGR of 2.2% from 2021 to 2028. The report provides trends prevailing in the MEA bi-metal band saw blades market along with the drivers and restraints pertaining to the market growth. Surging customization of band saw blade products and rising development of innovative products are the major factor driving the growth of the MEA bi-metal band saw blades market. However, high cost of maintenance required for bi metal band saw blades hinders the growth of MEA bi-metal band saw blades market.
In the MEA, Turkey is a highly affected country by the COVID-19 pandemic, followed by South Africa and the UAE. The pandemic has had a direct impact on production and demand, causing supply chain and market disruption, further affecting business performances and the global economy. Chemicals & materials is one of the major industries experiencing severe disruptions in the form of disrupted supply chains and plant operations. The bi metal band saw blade market has been harmed by an insufficient supply of raw materials such as high-speed steel tooth tips and alloy steel, as well as disruptions in bi metal band saw blade production processes. However, as the economies are reviving, the regional bi metal band saw blades market is expected to register notable positive growth in the coming years.
The MEA 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 others 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 UAE, South Africa, Saudi Arabia, and rest of MEA.
AMADA MACHINERY CO., LTD.; BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD; EBERLE; Gebr. Lennartz GmbH & Co. KG; ROBERT RÖNTGEN GMBH & CO. KG; SNA Europe (BAHCO); and Starrett are among the leading companies in the MEA 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 2020, Starrett Company has introduced its new series of “3X POWER” Bi-Metal Reciprocating Saw Blades. The new product teeth can cut more efficiently which will enable users to get fast cut than conventional blades.
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