Bi-Metal and Carbide Tipped Band Saw Blades Global Market Report 2024

The bi-metal and carbide tipped band saw blades market size has grown strongly in recent years. It will grow from $1.92 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth observed in the historical period can be linked to the expansion of industrial manufacturing, increased demand for metal cutting applications, precision machining requirements, the growth of the metal fabrication industry, replacement demand, and the globalization of manufacturing processes.

The bi-metal and carbide tipped band saw blades market size is expected to see strong growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth in the forecast period is driven by factors such as the development of renewable energy projects, the expansion of the metal recycling industry, a growing focus on sustainability, evolving dynamics in the global supply chain, and market expansion in emerging economies. Additionally, major trends expected in the forecast period include advancements in material technologies, the integration of digitalization and Industry 4.0, the incorporation of coating technologies, innovations in tooth designs, and the adoption of automated manufacturing processes.

The upward trajectory of the automotive sector is anticipated to serve as a catalyst for driving the growth of the bi-metal and carbide-tipped band saw blades market in the foreseeable future. Within the automotive industry, precision cutting and shaping of metal components are crucial aspects, demanding efficient cutting tools such as bi-metal and carbide-tipped band saw blades for producing various vehicle parts, including steel, aluminum, and non-ferrous alloys. Highlighting this trend, data released by the European Automobile Manufacturers' Association (ACEA) in May 2023 indicated a notable growth in global motor vehicle production, reaching 85.4 million units, representing a 5.7% increase compared to 2021. Moreover, North America witnessed an increase in vehicle production, totaling 14,901 thousand units in 2022, up from 13,596 units in 2021. Hence, the expanding automotive sector is poised to act as a key driver propelling the growth of the bi-metal and carbide-tipped band saw blades market.

The surge in manufacturing activities is also forecasted to significantly contribute to the growth of the bi-metal and carbide-tipped band saw blade market moving forward. Manufacturing involves the transformation of raw materials or components into finished goods through various processes utilizing tools, machinery, labor, and chemical processing. Bi-metal and carbide-tipped band saw blades play a vital role in manufacturing activities, offering cost-effectiveness, high performance, extended tool life, superior wear resistance, excellent cutting-edge stability, and find applications across diverse industries. For instance, according to Statistics Canada in February 2023, the manufacturing industry in Canada experienced substantial growth, witnessing a remarkable 17.9% increase in total sales, reaching $850.9 billion in 2022. Consequently, the escalating manufacturing activities serve as a driving force fueling the growth of the bi-metal and carbide-tipped band saw blades market.

The constrained availability of specific raw materials crucial for the production of band saw blades represents a substantial constraint on the bi-metal and carbide-tipped band saw blade market. The limited accessibility to essential raw materials such as steel and iron ore often leads to supply shortages, heightened production expenses, and difficulties in maintaining consistent product quality. These challenges significantly impact blade manufacturers' capabilities to meet market demands and fulfill customer requisites. For instance, as reported by the Organization for Economic Co-operation and Development (OECD) in December 2022, global crude steel production witnessed a notable decline, reaching 158.1 million metric tons in June 2022, reflecting a significant decrease of 5.9% compared to June 2021. Consequently, the constrained availability of raw materials emerges as a substantial hurdle impeding the growth trajectory of the bi-metal and carbide-tipped band saw blade market.

Prominent companies operating within the bi-metal and carbide-tipped band saw blade markets are strategically focusing on the development of innovative products, such as the Roentgen Alu2 carbide-tipped band saw blades, to gain a competitive edge. The Roentgen Alu2 carbide-tipped band saw blade stands out as a specialized cutting tool meticulously crafted for precision cutting and shaping of aluminum and various non-ferrous metals. It embodies advancements in tooth configurations, tooth geometry, and cutting edge materials to deliver exceptional performance. For instance, in June 2023, KR Saws Limited, a UK-based bandsaw blade manufacturing company, introduced the Roentgen Alu2 carbide-tipped bandsaw blade. Engineered with distinct tooth geometry and a fatigue-resistant backing strip, this blade is designed to withstand high cutting speeds, particularly when employed in sawing non-ferrous alloys such as aluminum. It ensures prolonged blade durability and superior surface finishes while operating at cutting rates of up to 3000 meters per minute and 1500 millimeters per minute.

In January 2023, The M.K. Morse Company, a well-established cutting tool manufacturer based in the United States, successfully acquired PJ Wiseman Ltd. for an undisclosed sum. This strategic acquisition is geared towards facilitating product portfolio diversification and expanding M.K. Morse's customer base by incorporating new markets and customers, spanning across domestic and international landscapes. PJ Wiseman Ltd., the UK-based entity acquired by M.K. Morse, specializes in the manufacturing and distribution of cutting tools, prominently including bi-metal band saw blades.

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.

Asia Pacific was the largest region in the bi-metal and carbide-tipped band saw blades market in 2023. 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 The countries covered in the bi-metal and carbide tipped band saw blades market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bi-metal and carbide-tipped band saw blade market consists of sales of nickel-based alloys, titanium alloys, duplex stainless steels, and case-hardened steel bi-metal and carbide-tipped band saw blades. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The primary categories of bi-metal and carbide-tipped band saw blades include carbide-tipped and high-strength steel. The carbide-tipped blades feature teeth with small inserts made from the durable material carbide, renowned for its hardness. This type of band saw blade is employed in cutting applications involving steel, aluminum, cast iron, non-ferrous materials, and more. The end-use industries benefiting from these blades include automotive, aerospace, defense, machine manufacturing, and others.

The bi-metal and carbide-tipped band saw blades market research report is one of a series of new reports that provides bi-metal and carbide-tipped band saw blades market statistics, including bi-metal and carbide-tipped band saw blades industry global market size, regional shares, competitors with a bi-metal and carbide-tipped band saw blades market share, detailed bi-metal and carbide-tipped band saw blades market segments, market trends and opportunities, and any further data you may need to thrive in the bi-metal and carbide-tipped band saw blades industry. This bi-metal and carbide-tipped band saw blades market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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