Band Saw Blades Market Share and Forecast by 2031

The band saw blades market size is projected to reach US$ 1,540.65 million by 2031 from US$ 1,199.43 million in 2023. The market is expected to register a CAGR of 3.2% in 2023–2031.

A band saw blades find major applications in the woodworking and metalworking industries, owing to the growing demand for coarse tooth blades (2 or 3 TPI) for resawing and cutting thicker materials and diamond blades or ferrous blades for metal-cutting. Important processes in the woodworking industry include harvesting and processing of wood and other forest resources, logging, woodworking, and pulp and paper processing. Enterprises in the industry produce finished products used by the construction, agriculture, and food industries. Band saw blades are used to carry out primary wood processing.

Band Saw Blades Market Analysis

Band saw blades are cutting applications across different industries including agricultural, furniture cutting, and in fabrication of metal cutting. The bandsaw blades are fitted is the machine that includes the wheels and motor. These band saw blades are used for sawing ad cutting hard metals such as cobalt, zirconium, nickel, iron, titanium, wood, asphalts, concrete, marbles, granites and other metals. These blades are wear-resistant and corrosion-free, alloyed with Cobalt, Nickel, and carbon steel to improve their strength.

Band Saw Blades Market Overview

Band saw blades are replaceable toothed cutting blades used in many hand-held devices as well as portable and stationary power tools. The wood industry in Europe is one of the notable industries as it generates a significant portion of the region's economy. The European wood-based industries include a wide range of downstream operations, such as woodworking, substantial sectors of the furniture industry, pulp and paper manufacturing and converting industries, and the printing industry. As per the data provided by Eurostat in 2022, the gross value added (GVA) of wood-based industries in the EU was €136 billion in 2020, accounting for 7.2% of the overall manufacturing industry. In 2020, the gross value added of producing wood and wood products was 37 billion euros. The highest GVA in the EU's wood-based industries was reported for pulp, paper, and production of paper products (34% or €46 billion). Printing and printing-related service activities accounted for 16% of the GVA of wood-based industries, while furniture manufacturing and wood and wood product manufacturing each accounted for between 23% and 27%.

Band Saw Blades Market: Strategic Insights

Band Saw Blades Market Drivers and Opportunities

An increase in woodworking and metalworking processes across the globe drives market growth

Enterprises in the industry produce finished products used by the construction, agriculture, and food industries. Band saw blades are used to carry out primary wood processing. Advancements in metal processing techniques have augmented the need for equipment and tools that dampen vibration and noise. Comfort and ease of handling the equipment are an important consideration in metal processing. Therefore, there is an increased demand for durable band saw blades with longevity to prevent failure and downtime. The rise in the CNC machine manufacturing process bolsters the growth of the industrial metalworking industry. The advent of CNC technology, technological advancements innovative developments of products, and increasing demand for power tools and robotic woodworking machines are among the other factors fuelling the growth of the band saw blades market. In addition, the rising proliferation of advanced technologies propels the sales of band saw blades in the wood and metalwork industries.

Market players with extensive experience in the woodworking industry are working closely with woodworking companies to develop, modernize, and automate their products and implement systems to check product quality and production diagnostics. The industry for the furniture segment witnesses significant growth. The woodworking machinery market is experiencing growth in the US and China. Other prominent markets for the woodworking industry include Japan, Canada, and Germany, which propels the growth of the global band saw blade market size.

Expansion of construction projects in the developing economies

Band demand for band saw blades is surging in the economies of Asia Pacific, Middle East, and South America 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, the 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 be finished 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 the 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.

Band Saw Blades Market Report Segmentation Analysis

Key segments that contributed to the derivation of the band saw blades market analysis are TPI, material and application.

• Based on TPI, the market is divided into Less Than 3 TPI, 4 TPI to 6 TPI, and More than 7 TPI. Rising applications of 4 TPI to 6 TPI blades for cutting mild steel or annealed material are propelling segment growth. Market players in the 4tpi to 6tpi segment are providing an ideal amount of teeth count considering the wall thickness to eliminate premature blade wear or motor failure. Such factors are anticipated to boost the growth of the 4 TPI to 6 TPI segment in the global band saw blades market.
• Depending upon the material, the market is divided into bi-metal, carbon steel, and others. Among these, bi-metal has the largest share in 2023.
• Based on application, the market is segmented into wood cutting and meat processing. Wood cutting is the dominating segment in 2023 owing to increased applications in residential furniture.

Band Saw Blades Market Share Analysis by Geography

The geographic scope of the band saw blades market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

North America is expected to dominate the market owing to rising population, growing spending capability of people, and rapid urbanization in the developing countries across the region. The band saw blade manufacturers are developing new products that provide high-quality cutting for various metal cutting applications. The product innovation strategy focuses primarily on improving the performance and durability of blades for precision metal cutting. Fierce competition in the metal-cutting market is one of the key factors encouraging manufacturers to adopt product innovation strategies. One of the leading manufacturers of band saws and hand file products is a new range of bimetal band saw blades designed at specific depths for all metal cutting applications, including general-purpose cutting, production cutting, mild steel cutting, and toughness cutting of exotic alloys.

The regional trends and factors influencing the Band Saw Blades Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Band Saw Blades Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Band Saw Blades Market Report Scope

Band Saw Blades Market Players Density: Understanding Its Impact on Business Dynamics

The Band Saw Blades Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Band Saw Blades Market News and Recent Developments

The band saw blades market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

• Diablo Tools (“Diablo”), which offers a solution-oriented range of best-in-the-world and best-for-our-world products for the professional user, introduces yet another industry-first in the oscillating multi-tool (“OMT”) market: the AMPED™ Demo Demon™ Carbide Teeth Blade for Nail-Embedded Wood. This first-of-its-kind carbide OMT blade is designed specifically for nail-embedded wood and offers application-specific benefits and game-changing innovations for professionals. (Source: Company Press Release, April 2024)
• KR Saws subsidiary division Roentgen, a renowned German leader in industrial cutting solutions, has unveiled its latest innovation tailored for the sawing nickel-based alloys. The Roentgen Fit Set and Fit Bandsaw Blade have been engineered and manufactured to elevate cutting performance, extend tool life, and eliminate the need for traditional run-in procedures, ultimately saving valuable time and resources for metal manufacturers and engineers. Nickel-based alloys such as Inconel 718 & 625 are known for their exceptional strength, corrosion resistance, and high-temperature properties and are challenging for conventional cutting tools. (Source: Company Press Release, March 2024)

Band Saw Blades Market Report Coverage and Deliverables

The “Band Saw Blades Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering the following areas:

• Band Saw Blades Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Band Saw Blades Market Trends
• Detailed PEST Analysis and SWOT analysis
• Band Saw Blades Market Analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments.
• Band Saw BladesMarket Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
• Detailed Company Profiles