Bandsaw Machines Market Outlook, Trends & Demand Analysis during Forecast till 2029

According to a recent research study released by Future Market Insights (FMI), sales of bandsaw machines market worldwide are predicted to reach 200 thousand units in 2022, with an estimated growth of 3.9% year over year. The market for bandsaw machines is anticipated to continue growing steadily through 2029, largely due to the increased attention being paid to cutting technologies that are efficient and promise high functionality for a variety of applications.

The near-term outlook for bandsaw machines is currently clouded by new uncertainties due to limitations in the ability to produce perfectly curved edges.Industrial technologies are currently experiencing a seismic shift from the conventional technologies to bandsaw machines. The primary reason behind this trend reversal is an ever-increasing demand for flexibility during cutting applications that comes from the end users, which will further help them serve requirements of their customers in a much more efficient way.

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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 1/3^rd 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.

Bandsaw Machines Market by Category

By Orientation: