Bandsaw Machine Market
Bandsaw Machine Market Study by Mitre, Circular, Ring, and Straight for Automotive & Transportation, Construction, Mining, Aerospace, Shipbuilding, and Food from 2024 to 2034
Analysis of Bandsaw Machine Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bandsaw Machine Market Outlook (2024 to 2034)
Revenue from the global bandsaw machine market is projected to reach US$ 3.48 billion in 2024. The market has been forecasted to increase to a size of US$ 4.96 billion by the end of 2034, expanding at a CAGR of 3.6% over the next ten years.
Several factors are contributing to the growth of the bandsaw machine market, including expansion of the biomass energy industry, constant developments in the automotive sector, increase in metal-cutting demand, and increased R&D activities. Furthermore, rising demand from emerging markets, technological advancements, and modernization of manufacturing techniques are set to open up new opportunities for bandsaw machine manufacturers over the coming years.
Growing emphasis on effective cutting technologies that promise high functionality for a wide range of applications is all set to drive up demand for bandsaw machines worldwide. Increasing demand for energy efficiency has been accelerating the adoption of bandsaw machines in the automotive industry.
Key Market Growth Drivers
- High-precision equipment, such as laser cutting machines and water jet cutting machines, which produce smooth, precise cuts, have a key share in the metal cutting industry.
- Bandsaw machine manufacturers are tapping into a larger market of machine-cutting tools as manufacturing technology advances and PLC and robots are integrated.
- Bandsaw machines are used with high-precision cutting equipment in the automotive, metal sheet, and other industries.
- Bandsaw machine market size is increasing steadily due to the continuous growth of the automotive and transportation industries.
| Report Attributes | Details |
|---|---|
| Bandsaw Machine Market Size (2024E) | US$ 3.48 Billion |
| Projected Market Value (2034F) | US$ 4.96 Billion |
| Global Market Growth Rate (2024 to 2034) | 3.6% CAGR |
| East Asia Market Share (2024E) | 22.7% |
| North America Market Share (2024E) | 26.1% |
| Sales of Circular Bandsaw Machines (2034F) | US$ 1.3 Billion |
| Revenue from Horizontal Bandsaw Machines (2024E) | US$ 2.03 Billion |
| Key Companies Profiled | ADS Precision Ltd; Cobrea Bandsaw; Multicut; Prosaw Industries; Burt Group; Baileigh Industrial; 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 |
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What are the Prevailing Bandsaw Machine Market Trends?
“Increasing Production Efficiency with Bandsaw Machines”
There is growing demand from emerging markets as well as technological advancements and modernization of manufacturing techniques, which is creating new opportunities for manufacturers of bandsaw machines. Sheet metal manufacturing requires significantly less human contact due to the digital controls in bandsaw machines. For example, touchscreen controls on CNC (computer numerically controlled) bandsaw machines enable users to change back gauges quickly and easily. Production capacity is increasing as bandsaw machine efficiency improves and sheet metal processing errors decrease. Modern bandsaw machines with digital controls also require less setup time for workers, which improves production efficiency and output.
Laser and water jet cutting machines control the metal cutting industry, producing smooth, precise cuts. Automated bandsaw machines are rarely used to cut delicate edges due to their slower speeds and lower precision.
What Do Manufacturers of Bandsaw Machines Need to Tackle?
“Huge Expenses and Government Policies Limiting Market Expansion”
Bandsaw machine production costs depend on a variety of raw materials such as steel, blades, motors, pumps, and other components. The market is heavily influenced by its reliance on a limited number of raw material suppliers, as well as price differences between import and export.
High operating expenses and government policies are among the key factors limiting bandsaw machine market growth and will pose additional challenges to manufacturers. Bandsaw machines require regular maintenance and servicing to ensure peak performance and longevity. This includes sharpening or replacing blades, lubricating, adjusting tension, and other maintenance tasks. Need for ongoing maintenance is difficult for users, especially if proper maintenance procedures are not followed.
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Country-wise Insights
North America is expected to capture a global bandsaw machine market share of 21.6% in 2024. Meanwhile, East Asia is expected to account for 22.7% market share in 2024. India is projected to drive growth in the South Asian bandsaw machine market, with it being one of the leading manufacturing industries.
How is the Market for Bandsaw Machines Faring in the United States?
“Skilled and Knowledgeable Market Players Providing Excellent Products”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 755.3 Million |
| Growth Rate (2024 to 2034) | 3.2% CAGR |
| Projected Value (2034F) | US$ 1.04 Billion |
The United States is expected to account for 83.1% of the North American market share in 2024. Manufacturers of leading metal cutting products in the United States are mastering the complexities of custom metal cutting, which include grinding, lapping, finishing, polishing, and machining.
Bandsaws are recommended for metal cutting because they produce far fewer toxic fumes and particulates than angle grinders and reciprocating saws. Several players in the market are skilled and knowledgeable in a wide range of services, using cutting-edge equipment to produce precision parts with tight tolerance specifications, ensuring that the final product meets requirements for both functionality and cost-effectiveness.
What Makes Japan a Lucrative Market for Bandsaw Machine-Producing Companies?
“Rising Focus on Biomass Will Lead to New Market Opportunities”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 200.8 Million |
| Growth Rate (2024 to 2034) | 3.6% CAGR |
| Projected Value (2034F) | US$ 287 Million |
Japan is one of the leading producers of wood pellets. Increased use of portable bandsaw and horizontal band saw machines for the production of wood pellets for the biomass industry will provide growth opportunities for market players. The market in the country is being driven by the strong presence of market leaders such as Tsune and Amada Machine Tools Co. Ltd., as well as research and development into advanced and energy-efficient band saw machines.
- Tsune, for example, announced the release of two circular bandsaw machines, the TJ-70GL and TK-80GL, in response to rising demand in the country.
Category-wise Insights
The market for bandsaw machines is segmented into a cutting type which consists of mitre, circular, ring, and straight bandsaw machines. Out of these, the last segment is expected to capture 40.5% market share in 2024. By orientation, the market is categorized into horizontal & vertical bandsaw machines, of which, the former is set to account for more than half of the market share in 2024.
Which Type of Bandsaw Machine is Widely Preferred by Users?
“Horizontal Bandsaws Provide Powerful and Precise Solutions for Straight Cuts in Larger Metal Stock”
| Attribute | Horizontal Bandsaw Machines |
|---|---|
| Segment Value (2024E) | US$ 2.03 Billion |
| Growth Rate (2024 to 2034) | 3.6% CAGR |
| Projected Value (2034F) | US$ 2.89 Billion |
Horizontal bandsaws are set to account for 58.4% of the global market share in 2024. These are designed for brute strength and are the backbone of the metalworking industry. Horizontal bandsaws, compared to vertical bandsaws, are specifically designed for thick metal stock, and intricate cuts, and excel at handling large. This offers more support in material cutting, thereby making these machines ideal for straight and precise cuts with higher cutting capacity. This makes them extremely popular for professionals and serious DIYers in heavy-duty tasks such as cutting beams, pipes, and other large metal pieces. Horizontal bandsaws provide a powerful and precise solution for making straight cuts in larger metal stock.
Which End Use is Responsible for Significant Revenue Streams?
“High Product Usage in Automotive and Transportation Sectors”
There is a high demand for bandsaw machines in the automotive and transportation sectors as they offer increased functionality and accuracy while minimizing errors. The automotive industry's demand for fully-automatic bandsaws has increased considerably due to the need to cut hard metals with precision and a perfect finish. Over the forecast period, the automotive industries in China, India, and Japan are set to expand substantially, creating lucrative opportunities for band saw machine manufacturers. As such, automotive and transportation will account for a sizable share of the global market for bandsaw machines.
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Competitive Landscape
Key players in the bandsaw machine market are looking to expand their reach through superior technological advancements in their product lines. Leading companies are making significant investments toward technical improvements, which is increasing investment in intangible assets as well.
- LENOX, a leading bandsaw machine manufacturer, announced the release of the LENOX 360 system in June 2021, the most recent innovation for tracking bandsaw performance metrics.
- In 2022, Amada Press System Co., Ltd. released ARPAS, a high-speed line system with articulated robots and stamping servo presses to speed up the transfer of processed products between stamping machines.
Fact.MR provides detailed information about the price points of leading manufacturers of bandsaw machines positioned across the world, sales growth, production capacity, and technological advancements, in this new market report.
Segmentation of Bandsaw Machine Market Research
-
By Cutting Type:
- Mitre
- Circular
- Ring
- Straight
-
By Operation:
- Manual
- Semi-Automatic
- Fully-Automatic
- CNC
-
By Orientation:
- Horizontal
- Vertical
-
By End Use:
- Automotive & Transportation
- Construction
- Mining
- Aerospace
- Shipbuilding
- Food
-
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
- FAQs -
How big is the bandsaw machine market in 2024?
The global market for bandsaw machines and is estimated at US$ 3.48 billion in 2024.
What are the demand growth projections for bandsaw machines?
The bandsaw machine market is forecasted to expand at a CAGR of 3.6% to reach US$ 4.96 billion by 2034.
At what rate is projected to expand in the United States?
The market in the United States is forecasted to advance at 3.2% CAGR from 2024 and 2034.
What is the projected market size for bandsaw machines in Japan?
The market in Japan is forecasted to reach US$ 287 million by the end of 2034.
How much market share do horizontal bandsaws account for?
The horizontal segment is estimated to account for 58.4% of the global market share in 2024.
What is the share of East Asia in the global market?
East Asia is forecasted to account for a market share of 22.6% by the end of 2034.
Who are the key manufacturers of bandsaws?
Cosen Saws, Burt Group, Mega Machine Co. Ltd., Petra Stroji D.O.O., and ITL Industries Limited are some of the leading manufacturers of bandsaw machines.
Bandsaw Machine Market