According to a recent research study published by Future Market Insights, global bandsaw machine sales are expected to total 200 thousand units in 2022, representing a 3.9% year-over-year increase (FMI). Because of a growing emphasis on effective cutting technologies that promise high functionality for a wide range of applications, the bandsaw machines market is expected to grow steadily through 2029.
However, limitations in producing perfectly-shaped curved edges continue to threaten bandsaw machine relevance, adding new uncertainties to the near-term outlook.
Industrial technology is currently undergoing a seismic shift away from conventional technologies and towards bandsaw machines. An increase in end-user need for flexibility during cutting applications, which will help them to better address the needs of their clients, is the primary factor driving this trend reversal.
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The FMI analyst opines that there are signs of a majority of the industries moving towards ‘energy efficiency’, which marks positive beginnings for the adoption of bandsaw machines market during the assessment period.
The global bandsaw machines market reflects a fair degree of fragmentation, with a handful of market players accounting for approximately 29-31% revenue share. However, the mid-level and emerging players will command for a major chunk of overall market share i.e. 69-71%, and will remain focused toward extending their sphere of influence via affordable products with ‘best-in-class’ features.
To align with end user proclivity for high-quality bandsaw machines that bring down operational and maintenance costs, manufacturers are placing emphasis on use of high-cost components and working toward reduction of blade changeover downtimes.
According to the FMI analyst, the market players are also shifting their strategic focus toward the development of differentiated and customized bandsaw machines that are suited to varying end-user needs and requirements.
According to the FMI analysis, fully-automatic machines accounted for more than 1/3rd of the bandsaw machines sales in 2021, with a tough competition by semi-automatic bandsaw machines. Though end-users will remain biased toward bandsaw machines with horizontal orientation, the ones with vertical orientation will witness exponential demand through 2029.
While the former offers benefits of easy mobility and transportation, the latter offers better visibility on account of the enhanced accessibility. Automotive and transportation will continue to account for a significant pie of the overall market revenues in 2022, standing firmly as the largest end-user of bandsaw machines.
Competitive Landscape:
Key companies in the global Bandsaw market are focusing on launching novel products and services to expand their service portfolio. Some of the players are also aiming at merger and acquisition to gain competitive edge.
- 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
- Soitaab Impianti SRL
- Multicut
- Kasto Machinenbau GmbH & Co. KG.
- Others
Online Channel: The New Pacemaker for Sustained Revenue Growth
With ‘online’ emerging as the new synonym of ‘convenience’ and ‘flexible purchasing’, manufacturers are investing in online sales channels to gain maximum ROI. The growth of online sales is the consequence of dramatic shifts in purchase habits of end users, who seek high-quality bandsaw machines available at the best of prices. The growing number of well-informed customers are calling for reliable information on the product integrity, which also works in favor of online channels that include detailed product descriptions for the consumers’ reference.
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Bandsaw Machines Market by Category
By Orientation:
- Horizontal
- Vertical
By Operation:
- Manual
- Semi-Automatic
- Fully Automatic
- CNC
By Cutting Type:
- Mitre
- Circular
- Ring
- Straight
By End Use:
- Automotive & Transportation
- Construction
- Mining
- Aerospace
- Shipbuilding
- Food
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
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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 7-years.
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