What are the Historical Developments and Current Growth Metrics of the Bi Metal And Carbide Tipped Band Saw Blades Market?
The bi metal and carbide tipped band saw blades market has seen considerable growth due to a variety of factors.
• In recent times, there has been a stable growth in the market size of bi-metal and carbide tipped band saw blades. It is expected to expand from $2.04 billion in 2024 reaching up to $2.14 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%.
This growth in the previous period can be attributed to factors such as growth in industrial manufacturing, applications involving metal cutting, requirements for precision machining, expansion of metal fabrication industry, replacement demand, and the globalization of manufacturing.
What Does Future Hold for The Bi Metal And Carbide Tipped Band Saw Blades Market By 2029?
The bi metal and carbide tipped band saw blades market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market for bi-metal and carbide-tipped band saw blades is anticipated to experience substantial growth, expanding to a size of $2.63 billion by 2029 with a compound annual growth rate (CAGR) of 5.3%.
The growth projected in this period is due to factors such as renewable energy projects, the growing metal recycling industry, emphasis on sustainability, changes in global supply chain, and market development in emerging economies. The period will also see prominent trends such as material technology innovations, the rise of digitalization and Industry 4.0 integration, coating technology integrations, advancements in tooth designs, and the automation of manufacturing processes.
What Are The Primary Growth Drivers In The Bi Metal And Carbide Tipped Band Saw Blades Market?
The expansion of the automotive sector is anticipated to fuel the growth of the bi-metal and carbide-tipped band saw blades market. The automotive industry encompasses entities involved in the ideation, creation, production, promotion, and sales of motor vehicles. The realization of accurate metal cutting and shaping is crucial in the automobile industry, necessitating efficient cutting tools like bi-metal and carbide-tipped band saw blades during the manufacturing of various vehicle parts including steel, aluminum, and non-ferrous alloys. As per the European Automobile Manufacturers' Association (ACEA) data released in May 2023, the worldwide motor vehicle manufacture elevated to 85.4 million units which shows a growth of 5.7% compared to 2021. Moreover, North America observed an upsurge in vehicle production — 14,901 thousand units in 2022, as opposed to 13,596 units in 2021. Thus, the accelerating automotive sector is predicted to spur the growth of the bi-metal and carbide-tipped band saw blades market. An upswing in manufacturing activities is projected to drive the growth of the bi-metal and carbide-tipped band saw blade market. Manufacturing involves the conversion of raw materials or components into finished products using tools, labor, machinery, and chemicals. Bi-metal and carbide-tipped band saw blades, being cost-effective and high-performing, with longer lifespan, superior wear resistance, and excellent cutting-edge stability, are beneficial for various manufacturing activities. For instance, Statistics Canada reported in February 2023 significant growth in the Canadian manufacturing industry, with total sales surging by 17.9% to reach $850.9 billion in 2022. Therefore, the escalation in manufacturing activities is contributing to the growth of the bi-metal and carbide-tipped band saw blades market.
What Is The Segmentation Of The Global Bi Metal And Carbide Tipped Band Saw Blades Market?
The bi-metal and carbide tipped band saw blades market covered in this report is segmented –
1) By Product: Carbide Tipped, High Strength Steel
2) By Application: Steel, Aluminum, Cast Iron, Non Ferrous Materials, Others Applications
3) By End-Use Industry: Automotive, Aerospace And Defense, Machine Manufacturing, Other End-Use Industries
Subsegments:
1) By Carbide Tipped: Standard Carbide Tipped Blades, Specialty Carbide Tipped Blades
2) By High Strength Steel: Bi-Metal Blades, High-Speed Steel (HSS) Blades
Pre-Book The Bi Metal And Carbide Tipped Band Saw Blades Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Bi Metal And Carbide Tipped Band Saw Blades Market?
Leading businesses in the bi-metal and carbide-tipped band saw blade markets are concentrating on the creation of unique products, like the Roentgen Alu2 carbide-tipped band saw blades, in an effort to stay competitive. Specifically crafted for the accurate and efficient cutting and shaping of aluminum and other non-ferrous metals, the Roentgen Alu2 blade is constantly evolving in terms of tooth configurations, tooth geometry, and the materials used on the cutting edges. For instance, in June 2023, the UK-based bandsaw blade manufacturer, KR Saws Limited, introduced the Roentgen Alu2 carbide-tipped bandsaw blade to the market. The blade's unique tooth geometry and the fatigue-resistant backing strip are specifically designed to withstand the impact from high-frequency vibrations, particularly when cutting non-ferrous alloys such as aluminum. With a cutting speed of up to 3000 meters per minute and 1500 millimeters per minute, the blade provides exceptional longevity and high-quality surface finishes.
Who Are the Key Players In The Bi Metal And Carbide Tipped Band Saw Blades Market?
Major companies operating in the bi-metal and carbide tipped band saw blades market report are:
• Stanley Black & Decker Inc.
• Benxi Tool Co. Ltd.
• Amada Weld Tech Co Ltd.
• Nachi-Fujikoshi Corp.
• L. S. Starrett Company
• Simonds Saw
• WIKUS Sägenfabrik GmbH & Co. KG
• The M. K. Morse Company
• Bichamp Cutting Technology Co (Hunan) Ltd.
• DoALL Company Inc.
• Bahco International
• American Saw & Manufacturing Inc.
• Western Saw Inc.
• Dakin-Flathers Limited
• York Saw & Knife Co. Inc.
• Evolution Power Tools Ltd.
• Roentgen GmbH & Co
• Blackstone Industries LLC
• ITL Industries Ltd.
• SAWS (UK) Ltd.
• CS Unitec Inc.
• BIPICO Industries (Tools) Pvt. Ltd.
• Behringer Saws Inc.
• Pilana Metal sro
• Munkfors
• Starcut SRL
• J.N. Eberle & Cie. GmbH
• Dalian Special Steel Products Co Ltd.
• Phillips Saw & Tool Inc.
• Superb Tooling Inc.
What Are The Regional Insights Into The Bi Metal And Carbide Tipped Band Saw Blades Market?
Asia Pacific was the largest region in the bi-metal and carbide-tipped band saw blades market in 2024. The regions covered in the bi-metal and carbide tipped band saw blades market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
