PUBLISHER: The Insight Partners | PRODUCT CODE: 1738015
PUBLISHER: The Insight Partners | PRODUCT CODE: 1738015
The Bi-Metal Band Saw market size is expected to reach US$ 1.72 billion by 2031 from 1.25 billion in 2024, at an estimated CAGR of 4.9% from 2025 to 2031.
By Geography the Bi-Metal Band Saw market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. In 2024, The Asia Pacific bi-metal band saw market is segmented into Australia, India, China, Japan, South Korea, and the rest of Asia Pacific. China, India, and Japan are key manufacturing hubs, with rising demand for cutting tools in industries such as automotive, construction, aerospace, and heavy equipment. The expansion in manufacturing operations necessitates the use of more efficient cutting instruments. Australia has a mature automotive market, with only moderate future growth projected. According to the International Trade Administration (ITA), in 2022, Australia ranked 16th among the largest markets for overall US exports. It was the sixth-largest export market for automotive parts produced in the US and the ninth-largest export market for new light automobiles (in terms of value and units). In 2022, new car sales in Australia reached 1.081 million units. SUV sales accounted for ~53.1% of the total sales, followed by light commercial vehicles (23.7%), passenger cars (18.8%), and heavy commercial vehicles (4.4%). The flourishing automobile manufacturing industry fuels the demand for bi-metal band saws in the country, which can efficiently cut high-strength metals, improve precision, and lower production costs for complicated car components.
The Bi-Metal Band Saw market analysis has been carried out by considering the following segments: Blade Type, Application, and End User.
Based on blade type, the market is bifurcated into below M71, M42, M51, and others. M42 blades are recognized for their 8% cobalt content, which enhances their hardness, wear resistance, and heat resistance. These blades excel at cutting challenging materials such as stainless steel, tool steel, and nickel-based alloys. M42 blades are ideal for applications involving interrupted cuts, tough workpieces, or high-temperature conditions. The bi-metal M42 band saw blades are highly durable and are ideal for both ferrous and nonferrous metals. Featuring a hardness of 67 HRC (i.e., Rockwell Scale) and an 8% cobalt tip, the M42 blade ensures exceptional longevity and precision, even in the most demanding sawing tasks. Available in a width range of 6-34 mm, these blades offer versatile compatibility with a wide range of machines.
Moreover, factor such as expansion of industrial and manufacturing sector and superior performance and versatility of bi-metal band saw blades propel the Bi-Metal Band Saw market growth. Also, technological advancements and product improvements is expected to bring new Bi-Metal Band Saw market trends in the coming years.
On the basis of application, the market is segmented into steel, wood, aluminum, cast iron, nonferrous material, and others. Bi-metal bandsaws are commonly utilized in steel cutting due to their unique construction and performance benefits. They are prominently employed in applications that involve cutting different steel types, and in industrial and workshop settings. These bi-metal band saws are suitable for the continuous sawing of structural steel, weathering steel, alloy steel, bearing steel, stainless steel, heat-resistant steel, aluminum alloys, and die steel. These blades come in some common widths, including 1/2 inch, 3/4 inch, and 1 inch. The tooth pitch varies depending on the blade and application, and the common options are 10 teeth per inch (TPI) and 14 TPI. Further, the blade lengths of options for steel cutting applications include 44-7/8 inches, 56-7/8 inches, and 64-1/2 inches.
Amada Machine Tools, Co., Ltd.; Bahco; Benxi Tools Group; Bichamp Cutting Technology Co (Hunan), Ltd.; Dalian Special Steel Products Co., Ltd.; Eberle; Lennartz; Lenox; Starrett; Wikus-s; M.K. Morse Company; and Dakin-Flathers Ltd. are among the key players profiled in the Bi-Metal Band Saw market report.
The Bi-Metal Band Saw market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Bi-Metal Band Saw market growth. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Bi-Metal Band Saw market.