What is Bandsaw Machine Market?
The global Bandsaw Machine market is expected to witness high demand in the forecasted period due to increasing construction and mining equipment. and The bandsaw has been a mainstay woodcutting machinery of furniture makers, wooden boats, and component builders for well over a century. Bandsaws are inherently safer than table saws and act as a product substitute because the danger of kickback is eliminated. Bandsaw machine is a machine tool, one of the two sawing machines, designed to cut off wood, bar stock, tubing, pipe, or any metal stock within its capacity, or to cut sheet stock to desired contours.
Highlights from Bandsaw Machine Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | The L. S. Starrett Company Limited (United Kingdom), Multicut Machine Tools. (India), MEGA MACHINE CO., LTD. (Taiwan), EVERISING MACHINE CO. (Taiwan), Indotech Industries (I) Pvt. Ltd (India), Cosen Saws (United States), ITL Industries Limited (India), Marshall Machinery (United States), TecSaw International Limited. (Canada) and Pro-Mech Enginering (India) |
Bandsaw Machine is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that Asian Manufacturers will contribute to the maximum growth of Global Bandsaw Machine market throughout the forecasted period.
The L. S. Starrett Company Limited (United Kingdom), Multicut Machine Tools. (India), MEGA MACHINE CO., LTD. (Taiwan), EVERISING MACHINE CO. (Taiwan), Indotech Industries (I) Pvt. Ltd (India), Cosen Saws (United States), ITL Industries Limited (India), Marshall Machinery (United States), TecSaw International Limited. (Canada) and Pro-Mech Enginering (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Prosaw Ltd (United Kingdom). Bandsaw Machine Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Wood Processing Industry, Rubber, Automotive, Plastic, Paper, Electronic & Electrical and Glass |
Type | Vertical and Horizontal |
Technology | High-tech bandsaw,Fully automatic,Semi-automatic,Manual |
Cutting Type | Mitre cutting,Circular cutting,Ring cutting,Straight cutting |
On the basis of geography, the market of Bandsaw Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The growth in energy production through the use of biomass would increase the demand for biomass and Rapidly growing rubber industry
Market Growth Drivers:
Growing Automotive Industries Driving the Demand for Bandsaw Machines and The rapidly growing wood processing industry
Challenges:
The concern related to the high maintenance cost
Restraints:
The issue related to govt. Compliance & policies
Opportunities:
High demand due to the rapid rate of industrialization and emerging economy such as China, Malaysia, Brazil, and India
Key Target Audience
Manufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
Market Leaders & Development Strategies
In July 2018, Amada Holdings Co., Ltd., a manufacturer of metal processing equipment and machinery, acquired Marvel Manufacturing Co., Inc., a U.S.-based metal-cutting manufacturer. After the acquisition, Marvel Manufacturing Co., Inc. was renamed Amada Marvel, Inc. The acquisition led to the addition of bandsaws for lightweight structural steels to AMADA’s product lineup.