Bi-Metal Band Saw Market is expected to reach US$ 1.72 Billion by 2031

Expansion of Industrial and Manufacturing Sector Boosts Bi-Metal Band Saw Market Growth

According to our latest study titled “Bi-Metal Band Saw Market Forecast to 2031 – Global and Regional Share, Trend, and Growth Opportunity Analysis – by Blade Type, Application, and End User,” the market was valued at US$ 1.25 billion in 2024 and is projected to reach US$ 1.72 billion by 2031; it is estimated to register a CAGR of 4.9% from 2025 to 2031. The report includes growth prospects in light of the current bi-metal band saw market trends and factors influencing the market growth.

Sectors such as automotive, construction, aerospace, and metalworking generate a significant demand for bi-metal band saws. These industries require high-performance, durable, and efficient cutting tools to handle tough materials, including steel, stainless steel, and similar alloys, all of which are commonly used in production processes. For instance, the increasing complexity of vehicle designs and the use of advanced materials such as high-strength steel result in a greater need for precise and efficient cutting tools in the automotive sector. Bi-metal band saws offer superior cutting performance that enhances production speed and reduces material waste.

Bi-Metal Band Saw Market – by Region, 2024 and 2031

Source: The Insight Partners Analysis

According to the CEIC Data, industrial production in the US recorded a 0.5% year-on-year increase in December 2024, recovering from a 0.6% year-on-year decline in the previous month. Similarly, as per the CEIC Data from December 2023, US automotive production volumes reached 10.61 million units, marking an increase from the 10.05 units produced in December 2022. With the rapid pace of industrialization, driven by urbanization and infrastructure development, the need for high-performance cutting tools, such as bi-metal band saws, is also expected to rise. This growth in demand is reinforced by the increasing need for faster, more efficient production processes that can handle complex materials with ease, positioning bi-metal band saws as a key asset for industries requiring precision and durability. This is driving the bi-metal band saw market growth.

The bi-metal band saw market analysis has been carried out by considering the following segments: blade type, application, and end user. Based on blade type, the market is bifurcated into below M71, M42, M51, and others. On the basis of application, the market is segmented into steel, wood, aluminum, cast iron, nonferrous material, and others. Based on end use, the market is segmented into automotive, aerospace and defense, machine manufacturing, and others. The machine manufacturing segment held the largest bi-metal band saw market share in 2024.

The scope of the bi-metal band saw market report is primarily segmented into North America (US, Canada, and Mexico), Europe (Russia, UK, Germany, France, Italy, and Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of MEA), and South & Central America (Brazil, Argentina, and Rest of SAM). Asia Pacific accounted for the largest bi-metal band saw market share in 2023. The market in APAC is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. China, India, and Japan are key manufacturing hubs adding to the bi-metal band saw market size , with rising demand for cutting tools in industries such as automotive, construction, aerospace, and heavy equipment. The expansion of manufacturing operations necessitates the use of more efficient cutting instruments. Australia has a mature automotive market, with only moderate future growth projected. According to the International Trade Administration (ITA), in 2022, Australia ranked 16^th among the largest markets for overall US exports. It was the sixth-largest export market for automotive parts produced in the US and the ninth-largest export market for new light automobiles (in terms of value and units). In 2022, new car sales in Australia reached 1.081 million units. SUV sales accounted for ~53.1% of the total sales, followed by light commercial vehicles (23.7%), passenger cars (18.8%), and heavy commercial vehicles (4.4%). The flourishing automobile manufacturing industry fuels the demand for bi-metal band saws in the country, which can efficiently cut high-strength metals, improve precision, and lower production costs for complicated car components.

Leading multinational firms such as Airbus, Apple, Samsung, and Foxconn have made significant investments in India to strengthen their presence as trustworthy manufacturing hubs. India's overall exports between April 2024 and November 2024 were estimated at US$ 536.25 billion, up by 7.61% from US$ 498.33 billion during the same period in 2023. Merchandise exports, led by electronic items, engineering products, and textiles, totaled US$ 284.31 billion during this period, up by 2.17% from US$ 278.26 billion from April 2023 to November 2023. Moreover, in FY 2023, the Indian market for metal-cutting machine tool segment was valued at US$ 192.32 billion, with domestic production totaling US$ 101.95 billion. The longevity, precision, cost-effectiveness, and ability to handle sophisticated materials make bi-metal band saws a good choice for current metal-cutting applications in various APAC countries.

Amada Machine Tools, Co., Ltd.; Bahco; Benxi Tools Group; Bichamp Cutting Technology Co (Hunan), Ltd.; Dalian Special Steel Products Co., Ltd.; Eberle; Lennartz; Lenox; Starrett; Wikus-s; M.K. Morse Company; and Dakin-Flathers Ltd. are among the key players profiled in the bi-metal band saw market report.

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