Report : North America 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 2.3% CAGR, the North America Band Saw Blades Market is speculated to be worth US$ 465.98 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America band saw blades market was valued at US$ 406.62 million in 2022 and is expected to reach US$ 465.98 million by 2028, registering an annual growth rate of 2.3% from 2022 to 2028. The growing demand for high-speed bi-metal band saw blades and increase in woodworking and metalworking processes are the critical factors attributed to the market expansion.
Bi-metal band saw blades are made of two metals wherein steel is welded via an electron beam to a flexible backer. High-speed steel tooth tips combined with flexible alloy steel backing material offer cost-effective solutions for metal sawing applications. Growing demand for high-speed bi-metal band saw blades to ensure optimal blade performance bolsters the growth of the band saw blades market. Increasing applications of bi-metal band saw blades to cut carbon steel, tool steel, structural steel, stainless steel, pipe and tube, die steel, angles and flat stock, and mixed metal propel the demand for these blades among small to large manufacturers and fabricators. Band saw blade manufacturers, such as A.C.C. Advanced Cutting Company Srl, offer a wide range of bi-metal blades for any solid and profile cutting, both single and in packs. Bi-metal blades can be used on automatic, semi-automatic, and manual machines to cut iron, steel, stainless steel, and any other ferrous and nonferrous metal. Bi-metal blades offer many advantages, including reduced noise during production phases and high-quality cutting performance. A multifunction bimetal bandsaw blade can be used for multiple purposes and is universally applicable. High-speed bi-metal band saw blades are witnessing increased demands owing to their efficient and powerful vibration resistant tooth edge features. Technological advancements are augmenting the demand for bi-metal band saw blades for general purpose metal sawing of a wide range of materials and shapes. The Starrett multi-purpose band saw blades feature 'bi-metal unique' technology and exhibit superior resistance to tooth strippage, significantly reducing fracture and breakage. Thus, the rising adoption of advanced band saw blades bolsters the growth of the market.
On the contrary, high cost of maintenance of band saw blade hurdles the growth of North America 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 43.1% market share in 2022, amassing US$ 175.09 million. It is projected to garner US$ 189.58 million by 2028 to expand at 1.3% CAGR during 2022–2028.
Based on material, the North America band saw blades market is categorized into Bi-metal, carbon steel, and others. With 62.0% share of the domain, the Bi-metal segment dominated the market in 2022. It accrued US$ 251.92 million in 2022 and is estimated to generate US$ 278.86 million by 2028 to grow at a CAGR of 1.7% over the forecast period.
Based on application, the North America band saw blades market categorized into wood cutting and meat processing. The meat processing segment held 75.5% market share in 2022, amassing US$ 307.16 million. It is projected to garner US$ 357.07 million by 2028 to expand at 2.5% CAGR during 2022–2028.
Based on country, the North America band saw blades market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 86.2% market share in 2022. It was assessed at US$ 350.51 million in 2022 and is likely to hit US$ 404.48 million by 2028, exhibiting a CAGR of 2.4% during the forecast period.
Key players dominating the North America band saw blades market are BAHCO (SNA Europe); Dongbei Special Steel Group Co.,Ltd; Friedrich Bickenbach GmbH & Co. KG; KYOCERA UNIMERCO; L. S. Starrett Company; LENOX; and NACHI FUJIKOSHI CORP among others.
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