Bandsaw Machine Market: Overview
The global bandsaw machine market size was worth USD 3.1 billion in 2021 and is estimated to grow to USD 4.22 billion by 2030, with a CAGR of approximately 3.50 percent over the forecast period.
A bandsaw is a power saw-like device with a long, sharp blade that cuts material using a continuous metal band with teeth that extends across different numbers of wheels. The majority of bandsaw machines operate with just two wheels. They can cut various materials, but their primary uses are in the metal, wood, and lumber industries. The advantages of a bandsaw machine are its ability to cut curved or irregular forms and its uniform cutting action caused by equally distributed tooth load. An important factor accelerating market growth is the growth of the biomass energy sector. Other significant drivers of the bandsaw machines market include the expansion of the automotive sector, increased demand from metal-cutting industries, and increased R&D spending. Additionally, during the projection period, the market for bandsaw machines will see an increase in demand from rising economies and technological developments, and modernization of production methods.
Bandsaw Machine Market: Drivers
The rapid expansion of the wood processing industry might be linked to the substantial demand for bandsaws in the global woodworking market. The rise of the metal cutting sector, which has led to a significant increase in bandsaw machine sales for the metalworking process, is another reason that could propel the market for bandsaw machines. The market for bandsaw machines is anticipated to be driven partly by the rising industrialization of developing countries and the expansion of the rubber sector.
Bandsaw Machine Market: Restraints
The primary elements anticipated to impede the sales of metal-cutting bandsaw machines are expensive ownership and maintenance costs. The band saw machine makers face difficulties due to strict government rules for design conceptualization procedures, reducing sales. Additionally, as more and more equipment becomes automated in industrial sectors, worker deployment on-site has changed. To achieve the required precision of curved cuts on bandsaw machines, particularly manual and semi-automatic ones, skilled operators must be present and more time must be allotted. This results in a significant increase in operating time and costs while decreasing production efficiency.
Bandsaw Machine Market: Segmentation
The global bandsaw machine market has been segmented into orientation, operation, cutting type, and end use.
Based on orientation, the bandsaw machine market is divided into horizontal and vertical. Among these, the horizontal segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. The output of biomass has expanded as interest in renewable energy sources grows. Flexibility has become increasingly important with the rise of automation in the industrial sector. The need for band saw machines is also driven by government policies that support the use of energy-efficient equipment. Besides this, the vertical category is expected to grow the fastest throughout the forecast period. Contour saws, another vertical band saws, are used to remove the metal in both time and resource-efficient tasks. Large sheets and bars of material can be quickly and accurately cut to size or shape without generating a lot of chips.
Based on operation, the bandsaw machine market is classified into manual, semi-automatic, fully automatic, and CNC. In 2021, the CNC category dominated the global market. Due to technological advancements that allow OEMs to produce precise patterns that are just not achievable using manual procedures, CNC machining is growing in popularity for producing metal and plastic components. In comparison to other possible machines, CNC machines are faster and more precise. CNC bandsaw machines allow the employee to advance in various manufacturing jobs. On the other hand, the fully automatic category is anticipated to grow significantly over the forecast period. The automotive and transportation industries are seeing a sharp rise in demand for fully automatic band saw equipment. Band saws operating automatically offer improved functionality and precision with fewer mistakes. The demand for fully automatic band saws in the automobile industry has also increased due to the necessity to precisely and flawlessly cut heavy metals.
Bandsaw Machine Market: Regional Landscape
In 2021, North America dominated the market for bandsaw machines, attributable to an increase in market research and development activities in this region and an increase in demand from metal-cutting industries. This region’s main development factors are the rapid use of wood-processed fuel for power generation and the rising output of wood-based biomass fuel. The government promotes renewable energy usage. Consequently, it is anticipated that the usage of wood as a fuel will have a favorable impact on the market for bandsaw machines.
COVID-19 Impact on Bandsaw Machine Market:
The COVID-19 pandemic has halted the manufacturing of several goods in the bandsaw machine business, primarily due to the extended state of lockdown in many developed nations. This has severely slowed the market growth for bandsaw machines over the past few months and will probably do so throughout 2020. Equipment and machinery sales were already impacted by COVID-19 in the first quarter of 2020 and are projected to have negative market growth throughout the year. Before the coronavirus outbreak, the main demand for equipment and machinery was seen in large manufacturing nations like the United States, Germany, Italy, the United Kingdom, and China. However, this demand has since stopped due to the spread of the coronavirus in these countries.
Bandsaw Machine Market: Competitive Landscape
Some of the main competitors dominating the global bandsaw machine market include- Starrett, AMADA Machine Tools Co. Ltd., Mega Machine Co. Ltd., Pedrazzoli IBP, Everising Machine Co., Petra Stroji D.O.O., MEBA Metall-Bandsagemaschinen GmbH, Santec Group, Cosen Saws International Inc., ITL Industries Limited, Behringer GmbH, Soitaab Impianti SRL, Multicut, Kasto Maschinenbau GmbH & Co. KG. and Others.
- In 2022: Amada Press System Co., Ltd. announced the introduction of ARPAS, a high-speed line system that uses articulated robots and stamping servo presses to speed up the movement of processed goods between stamping press machines.
- May 2020: To better service their clients and expand in the saw blade maintenance market in the sawmill business, Vollmer of America established a cooperation with the top manufacturer of bandsaw machines, Burton Saw & Supply.
Global Bandsaw Machine Market is segmented as follows:
Bandsaw Machine Market by Orientation
Bandsaw Machine Market by Operation
- Fully Automatic
Bandsaw Machine Market by Cutting Type
Bandsaw Machine Market by End Use
- Automotive & Transportation
Bandsaw Machine Market by Region
- North America
- The UK
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
|Bandsaw Machine Market Report Scope
|Market Size Value in 2022
||USD 3.20 billion
|Revenue Forecast in 2030
||USD 4.22 billion
||CAGR of 3.5 % from 2022 to 2030
|Base Year for Estimation
||2017 – 2021
||2022 – 2030
||Revenue in USD million and CAGR from 2022 to 2030
||Revenue forecast, company ranking, Trends
competitive landscape, and growth factors
||Orientation, Operation, Cutting Type, End User, and Region
||North America; Europe; Asia Pacific; Latin America; Middle East & Africa
||U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others
|Key Companies Profiled
||Starrett, AMADA Machine Tools Co. Ltd., Mega Machine Co. Ltd., Pedrazzoli IBP, Everising Machine Co., Petra Stroji D.O.O., MEBA Metall-Bandsagemaschinen GmbH, Santec Group, Cosen Saws International Inc., ITL Industries Limited, Behringer GmbH, Soitaab Impianti SRL, Multicut, Kasto Machinenbau GmbH