Worldwide sales of bandsaw machines is estimated to total ~ 200 thousand units in 2019, with an estimated increase of ~ 3% year over year, according to the recent research study published by Future Market Insights (FMI). The bandsaw machines market is set for an unwavering growth through 2029, primarily driven by growing focus on effective cutting technologies that promise high functionality for varying applications. However, limitations in terms of producing perfectly-shaped curved edges continues to threaten the relevance, thereby adding new uncertainties to the near-term outlook of bandsaw machines.
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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.
- The global bandsaw machines market size in 2018 was valued at ~US$ 1.8 Bn.
- The bandsaw machines market is expected to increase at a CAGR of ~4% over the forecast period of 2019-2029.
- The horizontal segment is anticipated to remain as the most preferred orientation type segment in the bandsaw machines market.
- The growth of this particular segment can be primarily attributed by the increasing production of automotive and wood pallets globally.
- Collectively, North America, East Asia, and Europe are likely to hold 70% of the revenue shares in the bandsaw machines industry by the end of 2029.
- The East Asia market is expected to remain as the prominent regional market for bandsaw machines manufacturers due to the presence of large number of end use manufacturing industries in the region.
- The automotive and transportation segment is expected to lead the market share in terms of revenue generation followed by the others segment, which includes wood cutting and biomass generation. Growing inclination towards biomass for power generation is expected to create robust opportunities in the segment.
- Key regions such as North America and Europe accounted for a substantial share in the round wood production. These regions are expected to create healthy demand for bandsaw machines.
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.
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By Segment:
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
- Middle East & Africa
According to the FMI analysis, fully-automatic machines accounted for more than 1/3rd of the bandsaw machines sales in 2018, 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 2018, standing firmly as the largest end-user of bandsaw machines.
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Market Players:
Cobra Bandsaw Machines, Prosaw Ltd, The L.S.Starrett Company Limited, Multicut Machine Tools, Vishwacon Engineers Private Limited, Meba, MEGA MACHINE CO. LTD., EVERISING MACHINE CO., Cosen Saws, and ITL Industries Limited.
Bandsaw machines are bringing the shine off chainsaw variants, owing to their unmatched efficiency and impeccable precision. The perfect placement of blade teeth and the matchless operating speeds underpin cutting abilities of bandsaw machines, and this has been further complemented by latest technological innovations incorporated in the existing as well as new product models.
Bandsaw machines possess the ability to cut materials almost as quickly as large chainsaw machines, yet with a relatively lower capital investment and higher accuracy. This, in turn, is working in favor of the manufacturers who are actively involved in development and commercialization of bandsaw machines.