Press release
Bi-Metal And Carbide Tipped Band Saw Blades Industry - Key Market Dynamics and Trends
Bi-Metal And Carbide Tipped Band Saw Blades Industry
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 growth in the forecast period can be attributed to renewable energy projects, expansion of metal recycling industry, focus on sustainability, global supply chain dynamics, market expansion in emerging economies.. Major trends in the forecast period include advancements in material technologies, digitalization and industry 4.0 integration, integration of coating technologies, advancements in tooth designs, automated manufacturing processes..
Market Overview -
The bi-metal and carbide-tipped band saw blades are cutting tools used in band saw machines for various cutting applications. A bi-metal band saw blade is made from two different types of steel materials that are welded together, and a carbide-tipped band saw blade has teeth tipped with small, rigid carbide inserts or tips. They are used in the uninterrupted cutting of all varieties of metals, including structural steel, weathering steel, alloy steel, and bearing materials.
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Automotive Sector Boosts Bi-Metal And Carbide-Tipped Band Saw Blades Market
The growing automotive sector is expected to propel the growth of the bi-metal and carbide-tipped band saw blades market going forward. The automotive sector also refers to the automotive industry, or automobile industry, which is the collection of companies and organizations involved in the design, development, manufacturing, marketing, and sale of motor vehicles. In the automotive sector, there is a need for precise cutting and shaping of metal components, which is required for efficient cutting tools such as bi-metal and carbide-tipped band saw blades in producing various vehicle parts, including steel, aluminum, and non-ferrous alloys. For instance, in May 2023, according to the data published by the European Automobile Manufacturers' Association (ACEA), a Belgium-based motor vehicle manufacturing association, global motor vehicle production reached 85.4 million units, reflecting a 5.7% growth compared to 2021. Vehicle production in North America increased to 14,901 thousand units in 2022, compared to 13,596 units in 2021. Therefore, the growing automotive sector will drive the growth of the bi-metal and carbide-tipped band saw blades market.
Competitive Landscape -
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.
Innovative Roentgen Alu2 Carbide-Tipped Blades Transforming The Market
Major companies operating in the bi-metal and carbide-tipped band saw blade markets are focused on developing innovative products such as Roentgen Alu2 carbide-tipped band saw blades to gain a competitive advantage. The Roentgen Alu2 carbide-tipped band saw blade is a specialized cutting tool designed for cutting and shaping aluminum and other non-ferrous metals with precision and efficiency, enduring transformation with advancements in tooth configurations, tooth geometry, and the materials used for the cutting edges. For instance, in June 2023, KR Saws Limited, a UK-based bandsaw blade manufacturing company, launched the Roentgen Alu2 carbide-tipped bandsaw blade. The distinctive tooth geometry and the fatigue-resistant backing strip have been meticulously engineered to endure the effects of vibration at exceptionally high cutting speeds, mainly when utilized to saw non-ferrous alloys such as aluminum. It delivers outstanding blade longevity and excellent surface finishes at cutting rates of up to 3000 meters per minute and 1500 millimeters per minute.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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