In 2023, the global bandsaw machines market is expected to be worth US$ 2.2 billion. The growing demand for horizontal bandsaw machines in the automotive industry is propelling market growth. The market is expected to be worth US$ 3.3 billion in 2033, with a CAGR of 4.2% from 2023 to 2033.
Growing demand for bandsaw machines in furniture manufacturing, cabinetry, and other woodworking applications is driving market growth.
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Growing trend towards industrial automation with the increasing emphasis on efficiency and productivity in various industries, there is an increased demand for bandsaw machines for metalworking, woodworking, and fabrication work increases.
The global infrastructure development and construction activities in residential, commercial, and industrial sectors contribute to the demand for bandsaw machines.
Technological advancements in bandsaw machines have led to improved performance, efficiency, and ease of use. Features such as computer numerical control (CNC), laser guiding, automatic blade tensioning, and advanced cutting blade technologies enhance the capabilities and productivity of bandsaw machines. These technological advancements drive the market by offering enhanced cutting solutions to industries.
North America has a significant presence in the bandsaw machines market. The region has a well-established industrial sector, including woodworking, metalworking, and fabrication industries that utilize bandsaw machines
Europe is another prominent market for bandsaw machines. Countries such as Germany, Italy, and the United Kingdom have robust manufacturing sectors, including automotive, aerospace, and machinery industries, which require bandsaw machines for efficient cutting operations.
Key Takeaways from the Market Study
- From 2018 to 2022, the bandsaw machines market demand expanded at a CAGR of 7%
- Based on end-use, automotive & transportation segment accounts for a CAGR of 0%
- By orientation, the horizontal segment is expected to expand at a CAGR of 1% during the forecast period
- North America to emerge as a promising bandsaw machines market, capturing a CAGR of 1%
- The band saw machines industry in the United Kingdom is predicted to reach US$ 4 billion by 2033
- South Asia and the Pacific to be an opportunistic bandsaw machines market, expected to capture a CAGR of 3.9% during the forecast period.
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“Growing production activity and development in automotive and transportation are expected to drive the market in the forecast period. The increasing demand for programmable logic controller (PLC) –controlled bandsaw machines globally is projected to play a vital role in strengthening the market”.
Competitive Landscape:
The global bandsaw machines market is fragmented with the presence of several large and medium-scale players. The leading players in the bandsaw machines market are investing in strategic agreements in order to capture market share.
Prominent players in the bandsaw machines market are:
- 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
- Everising Machine Co. Ltd. is a well-known manufacturer of bandsaw machines. Everising Machine Co. offers a wide range of bandsaw machines that cater to various industries and cutting applications. Their machines are known for their precision, durability, and advanced features. Everising Machine Co. has a global presence and serves customers around the world.
Know More about What the Bandsaw Machines Market Report Covers
Future Market Insights offers an unbiased analysis of the global bandsaw machines market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the bandsaw machines market, the market is segmented based on operation, orientation, cutting type and end-use across six major regions.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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