North America 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)
North America Bi-Metal Band Saw Blades Market Forecast to 2028 – COVID-19 Impact and 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)
Number of Pages: 106
Market Introduction
North America comprises countries such as the US, Canada, and Mexico. There have been many growth opportunities for the bi-metal band saw blade market in North America due to the presence of major market players operating in the region, along with continuous enhancements of the overall business processes. According to The International Trade Administration (ITA), the US is one of the largest automotive markets in the world. In 2018, the light vehicle sales in the US reached 17.2 million units, which is the fourth straight year in which the sales have reached or surpassed 17 million units. In 2019, North America's commercial vehicle production expanded by 3.6%. Further, there is a higher demand and production for large engine capacity vehicles in this region, such as extended cabs. In this region, the automotive market is inclined toward light trucks and SUVs, owing to better traction provided by such vehicles in changing weather conditions and off-road capabilities. Also, light commercial vehicle production in North America is increasing. Thus, the growing automotive sector in the region has increased the usage of bi-metal band saw blades in the automotive industry. Bi-metal band saw combines an excellent alloy steel backing, which permits maximum loading with a very high-quality high-speed steel (M51) cutting edge. This blade offers excellent performance both in cutting and penetration on automatic and semiautomatic machines. However, due to the COVID-19 pandemic, the automotive industry has been negatively impacted. The industry is expected to recover and become stable in the next few years, which would drive the bi-metal band saw blade market in North America.
In case of COVID-19, North America is highly affected specially the US, followed by Mexico and Canada. According to McKinsey & Company, by April 2020, automotive sales had fallen 47% in the US. The bi metal band saw blade market has been negatively impacted due to the insufficient supply of raw materials such as high-speed steel tooth tips and alloy steel and disruptions in bi metal band saw blade production processes. Bi metal band saw blade is extensively used in steel applications and several end-use industries such as automotive and machinery production. As per a survey conducted by the United Nations Industrial Development Organization (UNIDO), after the lockdown was imposed last year, production across the region had stopped. In manufacturing, motor vehicles, metals, chemical products, textiles, and machinery & equipment were among the most affected industries. The COVID-19 pandemic has had a severe impact on the integrated automotive sector. The unprecedented rise in the number of COVID-19 cases across the US and Canada, along with the subsequent lockdown of production facilities in the countries, has negatively influenced the growth of the various markets.
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Market Overview and Dynamics
The North America bi-metal band saw blades market is expected to grow from US$ 428.09 million in 2021 to US$ 558.85 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. Manufacturers of band saw blades are focusing on developing new products that deliver high-quality cuts in different metal cutting applications. The product innovation strategy is primarily focused on improving the performance and durability of blades for high-precision metal cutting. Intense competition in the metal cutting market has been one of the key factors compelling the manufacturers to adopt product innovation strategy. One of the significant manufacturers of band saw and hand file products introduced a new range of bi-metal band saw blades that are designed with the specialized depth to meet all metal cutting applications including general purpose cutting, production cutting, structural steel cutting, and tough exotic alloy cutting. Thus, increasing development of new products with improved performance is expected to provide significant product and clientele expansion opportunities to the market players in the coming years across North America region.
Key Market Segments
In terms of product type, the high speed steel segment accounted for the largest share of the North America bi-metal band saw blades market in 2020. In terms of application, the steel segment held a larger market share of the North America bi-metal band saw blades market in 2020. Further, the others segment held a larger share of the North America bi-metal band saw blades market based on end use industry in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America bi-metal band saw blades market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AMADA MACHINERY CO., LTD.; BENXI TOOLS GROUP; BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD; EBERLE; Gebr. Lennartz GmbH & Co. KG; ROBERT RÖNTGEN GMBH & CO. KG; SNA Europe (BAHCO); Starrett; and WIKUS among others.
Reasons to buy report
- To understand the North America bi-metal band saw blades market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America bi-metal band saw blades market
- Efficiently plan M&A and partnership deals in North America bi-metal band saw blades market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America bi-metal band saw blades market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Bi-Metal Band Saw Blades Market Segmentation
North America Bi-Metal Band Saw Blades Market - By Product Type
- Carbide Tipped
- High Speed Steel
North America Bi-Metal Band Saw Blades Market - By Application
- Steel
- Aluminum
- Cast Iron
- Non-Ferrous Material
- Others
North America Bi-Metal Band Saw Blades Market - By End Use Industry
- Automotive
- Aerospace and Defense
- Machine Manufacturing
- Others
North America Bi-Metal Band Saw Blades Market - By Country
- US
- Canada
- Mexico
North America Bi-Metal Band Saw Blades Market - Company Profiles
- AMADA MACHINERY CO., LTD.
- BENXI TOOLS GROUP
- BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD
- EBERLE
- Gebr. Lennartz GmbH & Co. KG
- ROBERT RÖNTGEN GMBH & CO. KG
- SNA Europe (BAHCO)
- Starrett
- WIKUS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Bi-Metal Band Saw Blades Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of Substitutes
4.2.4 Threat of New Entrants
4.2.5 Intensity of Competitive Rivalry
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. North America Bi-Metal Band Saw Blades Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Several Advantages of the Blades
5.1.2 Growing Demand from Various End-User Industries
5.2 Market Restraint
5.2.1 Expensive Maintenance Required for Bi Metal Band Saw Blades
5.3 Market Opportunities
5.3.1 Increasing Development of Innovative Products
5.4 Trends
5.4.1 Rising Customization of Band Saw Blade Products
5.5 Impact Analysis of Drivers and Restraint
6. Bi-Metal Band Saw Blades Market – North America Analysis
6.1 North America Bi-Metal Band Saw Blades Market Overview
6.2 North America Bi-Metal Band Saw Blades Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Bi-Metal Band Saw Blades Market - By Product Type
7.1 Overview
7.2 North America Bi-Metal Band Saw Blades Market, By Product Type (2020 and 2028)
7.3 Carbide Tipped
7.3.1 Overview
7.3.2 Carbide Tipped: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
7.4 High Speed Steel
7.4.1 Overview
7.4.2 High Speed Steel: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
8. North America Bi-Metal Band Saw Blades Market - By Application
8.1 Overview
8.2 North America Bi-Metal Band Saw Blades Market, By Application (2020 and 2028)
8.3 Steel
8.3.1 Overview
8.3.2 Steel: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
8.4 Aluminum
8.4.1 Overview
8.4.2 Aluminum: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
8.5 Cast Iron
8.5.1 Overview
8.5.2 Cast Iron: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
8.6 Non-Ferrous Materials
8.6.1 Overview
8.6.2 Non-Ferrous Materials: Bi-Metal Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Bi-Metal Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Mn)
9. North America Bi-Metal Band Saw Blades Market – By End Use Industry
9.1 Overview
9.2 North America Bi-Metal Band Saw Blades Market, By End Use Industry (2020 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Bi-Metal Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Mn)
9.4 Aerospace and Defense
9.4.1 Overview
9.4.2 Aerospace and Defense: Bi-Metal Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Mn)
9.5 Machine Manufacturing
9.5.1 Overview
9.5.2 Machine Manufacturing: Bi-Metal Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Mn)
9.6 Others
9.6.1 Overview
9.6.2 Others: Bi-Metal Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Mn)
10. North America Bi-Metal Band Saw Blades Market – Country Analysis
10.1 Overview
10.1.1 North America: Bi-Metal Band Saw Blade Market, by Key Country
10.1.1.1 US: Bi-Metal Band Saw Blade Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Bi-Metal Band Saw Blade Market, by Product Type
10.1.1.1.2 US: Bi-Metal Band Saw Blade Market, by Application
10.1.1.1.3 US: Bi-Metal Band Saw Blade Market, by End-Use Industry
10.1.1.2 Canada: Bi-Metal Band Saw Blade Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Bi-Metal Band Saw Blade Market, by Product Type
10.1.1.2.2 Canada: Bi-Metal Band Saw Blade Market, by Application
10.1.1.2.3 Canada: Bi-Metal Band Saw Blade Market, by End-Use Industry
10.1.1.3 Mexico: Bi-Metal Band Saw Blade Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Bi-Metal Band Saw Blade Market, by Product Type
10.1.1.3.2 Mexico: Bi-Metal Band Saw Blade Market, by Application
10.1.1.3.3 Mexico: Bi-Metal Band Saw Blade Market, by End-Use Industry
11. Impact of COVID-19 on North America Bi Metal Band Saw Blades Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EBERLE
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 WIKUS
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BENXI TOOLS GROUP
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Starrett
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SNA Europe (BAHCO)
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 AMADA MACHINERY CO., LTD.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 ROBERT RÖNTGEN GMBH & CO. KG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Gebr. Lennartz GmbH & Co. KG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. North America Bi-Metal Band Saw Blades Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Bi-Metal Band Saw Blade Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Bi-Metal Band Saw Blade Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Bi-Metal Band Saw Blade Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Bi-Metal Band Saw Blade Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Bi-Metal Band Saw Blade Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Bi-Metal Band Saw Blade Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Bi-Metal Band Saw Blade Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Bi-Metal Band Saw Blade Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Bi-Metal Band Saw Blade Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Bi-Metal Band Saw Blades Market Segmentation
Figure 2. North America Bi-Metal Band Saw Blades Market Segmentation – By Country
Figure 3. North America Bi-Metal Band Saw Blades Market Overview
Figure 4. Others Segment Held the Largest Share of the Market in 2020
Figure 5. The US Held the Largest Share of the Market in 2020
Figure 6. Porter ‘s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. North America Bi-Metal Band Saw Blades Market – Ecosystem Analysis
Figure 9. North America Bi-Metal Band Saw Blades Market Impact Analysis of Drivers and Restraints
Figure 10. North America: Bi-Metal Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Bi-Metal Band Saw Blades Market Revenue Share, By Product Type (2020 and 2028)
Figure 12. North America Carbide Tipped: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. North America High Speed Steel: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. North America Bi-Metal Band Saw Blades Market Revenue Share, By Application (2020 and 2028)
Figure 15. North America Steel: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. North America Aluminum: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. North America Cast Iron: Bi-Metal Band Saw Blades Market- Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. North America Non-Ferrous Materials: Bi-Metal Band Saw Blades Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. North America Others: Bi-Metal Band Saw Blades Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. North America Bi-Metal Band Saw Blades Market Revenue Share, By End Use Industry (2020 and 2028)
Figure 21. North America Automotive: Bi-Metal Band Saw Blades Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. North America Aerospace and Defense: Bi-Metal Band Saw Blades Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. North America Machine Manufacturing: Bi-Metal Band Saw Blades Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. North America Others: Bi-Metal Band Saw Blades Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. North America: Bi-Metal Band Saw Blade Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 26. North America: Bi-Metal Band Saw Blade Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Bi-Metal Band Saw Blade Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Bi-Metal Band Saw Blade Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Bi-Metal Band Saw Blade Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in North America
- AMADA MACHINERY CO., LTD.
- BENXI TOOLS GROUP
- BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD
- EBERLE
- Gebr. Lennartz GmbH & Co. KG
- ROBERT RÖNTGEN GMBH & CO. KG
- SNA Europe (BAHCO)
- Starrett
- WIKUS
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