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Asia Pacific Band Saw Blades Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by TPI (Less Than 3 TPI, 4 TPI to 6 TPI, and More than 7 TPI), Material (Bi-Metal, Carbon Steel, and Others), and Application (Wood Cutting and Meat Processing)
- Report Code : BMIRE00026924
- Pages : 106
The band saw blades market in Asia Pacific is expected to grow from US$ 256.35 million in 2022 to US$ 311.66 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2022 to 2028.
Band demand for band saw blades is surging in the economies of Asia Pacific, for cutting, assembling, and repairing wood and metal structures. In the coming years, Asia pacific is anticipated to lead in the band saw blades market as the sales of the blades are increasing in the region due to the rising number of construction projects. For instance, Shanghai chip manufacturing plant in Shanghai, China is one of the largest construction projects initiated in Asia Pacific during Q1 of 2022. The construction work is expected to be completed by 2024. Similarly, the construction of a 12-inch wafer and integrated circuit packaging plant in Beijing, China to meet the growing demand for integrated circuit products is expected to finish by 2024. In India, metalworking is increasing at a rapid pace to make singular parts, assemblies, and large-scale metal forms for huge ships, motor parts, and many end-use industries, which has increased the demand for band saw blades for shaping, cutting, and joining forms. In addition, the country is witnessing a heightened need for steel due to increasing demand from the automotive and construction industries and rising focus of the government on infrastructure development. According to industry officials, the growth of dedicated freight corridor projects, new high speed and semi high-speed projects, and procurement of rolling stock would boost steel consumption in the coming years. Furthermore, the government of India is emphasizing on developing 100 smart cities, which would create significant opportunity for the steel industry in future. Among the South-east Asian nations, Vietnam and Thailand are observing a rise in various residential and industrial infrastructure projects. For instance, the construction of a 4,500MW LNG thermal power plant in Vietnam started in 2022 is expected to propel the demand for band saw blades for metalworking. Economic growth and growing industrialization are anticipated to boost the requirement for industrial machineries and equipment in the country. In Thailand, there are approx. 37 infrastructure projects planned for 2022, which includes several home-in-focus infrastructure projects that are encouraged by the government bids to boost economic activities. Such initiatives in the developing economies are anticipated to provide lucrative growth opportunities for the band saw blades market during the forecast period.
Asia Pacific Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Band Saw Blades Market Segmentation
The Asia Pacific band saw blades market is segmented by TPI, material, application, and country. Based on TPI, the band saw blades market can be segment into Less Than 3 TPI, 4 TPI to 6 TPI, and more than 7 TPI. The 4 TPI to 6 TPI segment dominated the market in 2022. Based on material, the Asia Pacific band saw blades market is categorized into Bi-metal, carbon steel, and others. The Bi-metal segment dominated the market in 2022. Based on application, the Asia Pacific band saw blades market categorized into wood cutting and meat processing. The meat processing segment dominated the market in 2022. Based on country, the Asia Pacific band saw blades market is segmented into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. Further, China dominated the market in 2022.
A few of the key players dominating the Asia Pacific band saw blades market are BAHCO (SNA Europe); Dongbei Special Steel Group Co.,Ltd; Friedrich Bickenbach GmbH & Co. KG; L. S. Starrett Company; LENOX; and NACHI FUJIKOSHI CORP.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Band Saw Blades Market – By TPI
1.3.2 APAC Band Saw Blades Market – By Material
1.3.3 APAC Band Saw Blades Market – By Application
1.3.4 APAC Band Saw Blades Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Band Saw Blades Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Band Saw Blades Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in woodworking and metalworking processes
5.1.2 Increase in demand for high-speed bi-metal band saw blades
5.2 Market Restraints
5.2.1 High cost of maintenance of band saw blade
5.3 Market Opportunities
5.3.1 Expansion of construction projects in the developing economies
5.4 Future Trends
5.4.1 Development of advanced coating materials to increase bandsaw blade performance
5.5 Impact Analysis of Drivers and Restraints
6. Band Saw Blades Market – APAC Analysis
6.1 APAC Band Saw Blades Market Overview
6.2 APAC Band Saw Blades Market Forecast and Analysis
7. APAC Band Saw Blades Market– by TPI
7.1 Overview
7.2 APAC Band Saw Blades Market, By TPI (2021 And 2028)
7.3 Less Than 3 TPI
7.3.1 Overview
7.3.2 Less than 3 TPI: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
7.4 4 TPI to 6 TPI
7.4.1 Overview
7.4.2 4 TPI to 6 TPI: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
7.5 More than 7 TPI
7.5.1 Overview
7.5.2 More than 7 TPI: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Band Saw Blades Market– by Material
8.1 Overview
8.2 APAC Band Saw Blades Market, By Material (2021 And 2028)
8.3 Bi-Metal
8.3.1 Overview
8.3.2 Bi-Metal: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
8.4 Carbon Steel
8.4.1 Overview
8.4.2 Carbon Steel: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Band Saw Blades Market– by Application
9.1 Overview
9.2 APAC Band Saw Blades Market, By Application (2021 And 2028)
9.3 Wood Cutting
9.3.1 Overview
9.3.2 Wood Cutting: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
9.4 Meat Processing
9.4.1 Overview
9.4.2 Meat Processing: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
10. APAC Band Saw Blades Market – Country Analysis
10.1 Overview
10.1.1 APAC: Band Saw Blades, by Key Country
10.1.1.1 Australia: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Band Saw Blades Market, By TPI
10.1.1.1.2 Australia: Band Saw Blades Market, By Material
10.1.1.1.3 Australia: Band Saw Blades Market, By Application
10.1.1.2 China: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Band Saw Blades Market, By TPI
10.1.1.2.2 China: Band Saw Blades Market, By Material
10.1.1.2.3 China: Band Saw Blades Market, By Application
10.1.1.3 India: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Band Saw Blades Market, By TPI
10.1.1.3.2 India: Band Saw Blades Market, By Material
10.1.1.3.3 India: Band Saw Blades Market, By Application
10.1.1.4 Japan: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Band Saw Blades Market, By TPI
10.1.1.4.2 Japan: Band Saw Blades Market, By Material
10.1.1.4.3 Japan: Band Saw Blades Market, By Application
10.1.1.5 South Korea: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Band Saw Blades Market, By TPI
10.1.1.5.2 South Korea: Band Saw Blades Market, By Material
10.1.1.5.3 South Korea: Band Saw Blades Market, By Application
10.1.1.6 Rest of APAC: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Band Saw Blades Market, By TPI
10.1.1.6.2 Rest of APAC: Band Saw Blades Market, By Material
10.1.1.6.3 Rest of APAC: Band Saw Blades Market, By Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 BAHCO (SNA Europe)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Dongbei Special Steel Group Co.,Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Friedrich Bickenbach GmbH & Co. KG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 LENOX
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 NACHI FUJIKOSHI CORP
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 L. S. Starrett Company
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Band Saw Blades Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. Australia: Band Saw Blades Market, By TPI – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Band Saw Blades Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Band Saw Blades Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Band Saw Blades Market, By TPI – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Band Saw Blades Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Band Saw Blades Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Band Saw Blades Market, By TPI – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Band Saw Blades Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Band Saw Blades Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Band Saw Blades Market, By TPI – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Band Saw Blades Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Band Saw Blades Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Band Saw Blades Market, By TPI – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Band Saw Blades Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Band Saw Blades Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: Band Saw Blades Market, By TPI – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Band Saw Blades Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Band Saw Blades Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Band Saw Blades Market Segmentation
Figure 2. APAC Band Saw Blades Market Segmentation – Country
Figure 3. APAC Band Saw Blades Market Overview
Figure 4. APAC Band Saw Blades Market, By TPI
Figure 5. APAC Band Saw Blades Market, By Material
Figure 6. APAC Band Saw Blades Market, By Application
Figure 7. APAC Band Saw Blades Market, By Country
Figure 8. APAC: PEST Analysis
Figure 9. APAC Band Saw Blades Market Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. APAC Band Saw Blades Market: Impact Analysis of Drivers and Restraints
Figure 12. APAC Band Saw Blades Market, Forecast and Analysis (US$ Million)
Figure 13. APAC Band Saw Blades Market, By TPI (2021 and 2028)
Figure 14. Less than 3 TPI: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. 4 TPI to 6 TPI: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. More than 7 TPI: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Band Saw Blades Market, By Material(2021 and 2028)
Figure 18. Bi-Metal : APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Carbon Steel : APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others : APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Band Saw Blades Market, By Application (2021 and 2028)
Figure 22. Wood Cutting: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Meat Processing: APAC Band Saw Blades Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC: Band Saw Blades Market, by key Country– Revenue (2021) (US$ Million)
Figure 25. APAC: Band Saw Blades Revenue Share, By Key Country (2021 and 2028)
Figure 26. Australia: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Band Saw Blades Market – Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Band Saw Blades Market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Band Saw Blades Market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Band Saw Blades Market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The List of Companies – Asia Pacific Band Saw Blades Market
● BAHCO (SNA Europe)
● Dongbei Special Steel Group Co.,Ltd
● Friedrich Bickenbach GmbH & Co. KG
● L. S. Starrett Company
● LENOX
● NACHI FUJIKOSHI CORP
At 3.3% CAGR, the Asia Pacific Band Saw Blades Market is speculated to be worth US$ 311.66 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Asia Pacific band saw blades market was valued at US$ 256.35 million in 2022 and is expected to reach US$ 311.66 million by 2028, registering an annual growth rate of 3.3% from 2022 to 2028. The development of advanced coating materials to increase bandsaw blade performance and expansion of construction projects in the developing economies are the critical factors attributed to the market expansion.
Technological advancements have led to the launch of a new range of bi-metal band saw blade products, raising the performance standard in wood-cutting. Market players are investing significantly in research and development and collaborating with experts on multiple rounds of testing, prototyping, and optimization for the development of high-performance blades for general purpose cutting, production cutting, structural steel cutting, and tough exotic alloys cutting. Growth in the extensive field testing has increased the demand for high-performance band saw blades. Manufacturers of band saw blades have taken important steps toward the design of large cutting tools, such as band saw blades, in the last few years. Many have improved their methods of applying coatings, and such coated blades have steadily gained industry acceptance in high-production woodworking and meat processing shops. The emergence of a wide variety of blades with advanced and application-specific coatings, such as titanium nitride (TiN) and aluminum titanium nitride (AlTiN), delivers high productivity and increases life. Coated bi-metal blades offer high sawing and feed rates and increase blade life. The band saw blade manufacturers are currently researching and developing nano-composite third-generation PVD coatings and band saw blades with a tooth design that provides a larger tooth cross section and tooth geometry. The advanced design provides a reinforced cutting surface that eliminates tooth strippage and prevents premature failure. Amada Machinery Co., Ltd. specializes in cutting and machining metal blocks and forming metal sheets and provides general fabrication machines products. Its hyper-speed band saw machine created from machine-and-blade integrated development significantly reduces cutting times and improves production efficiency. A Morse Master Cobalt hybrid reciprocating saw blade is widely used for applications through various materials, ranging from wood to plastic and ferrous and nonferrous metals. Such trends are anticipated to propel the growth of the band saw blades market in the coming years.
On the contrary, high cost of maintenance of band saw blade hurdles the growth of Asia Pacific band saw blades market.
Based on TPI, the band saw blades market can be segment into Less Than 3 TPI, 4 TPI to 6 TPI, and more than 7 TPI. The 4 TPI to 6 TPI segment held 43.6% market share in 2022, amassing US$ 111.86 million. It is projected to garner US$ 133.87 million by 2028 to expand at 3.0% CAGR during 2022–2028.
Based on material, the Asia Pacific band saw blades market is categorized into Bi-metal, carbon steel, and others. With 63.8% share of the domain, the Bi-metal segment dominated the market in 2022. It accrued US$ 163.63 million in 2022 and is estimated to generate US$ 192.39 million by 2028 to grow at a CAGR of 2.7% over the forecast period.
Based on application, the Asia Pacific band saw blades market categorized into wood cutting and meat processing. The meat processing segment held 65.4% market share in 2022, amassing US$ 167.74 million. It is projected to garner US$ 199.45 million by 2028 to expand at 2.9% CAGR during 2022–2028.
Based on country, the Asia Pacific band saw blades market is categorized into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. Our regional analysis states that China captured 35.0% market share in 2022. It was assessed at US$ 89.72 million in 2022 and is likely to hit US$ 120.71 million by 2028, exhibiting a CAGR of 5.1% during the forecast period.
Key players dominating the Asia Pacific band saw blades market are BAHCO (SNA Europe); Dongbei Special Steel Group Co.,Ltd; Friedrich Bickenbach GmbH & Co. KG; L. S. Starrett Company; LENOX; and NACHI FUJIKOSHI CORP among others.
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