According to The Insight Partners latest market study on "Band Saw Blades Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by TPI, Mate
According to The Insight Partners latest market study on “Band Saw Blades Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by TPI, Material, and Application,” the market is expected to grow from US$ 1,162.48 million in 2022 to US$ 1,347.80 million by 2028; it is estimated to grow at a CAGR of 2.5% from 2022 to 2028. 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 the band saw blades market share as the sales of the blades are increasing in the region due to the rising number of construction projects. Shanghai chip manufacturing plant in Shanghai, China is one of the largest construction projects initiated in Asia Pacific during Q1 of 2022.
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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.
Top Key Players of this Market
BAHCO (SNA Europe); Dongbei Special Steel Group Co., Ltd; Friedrich Bickenbach GmbH & Co. KG; Gi – Esse Salvador S.r.l.; HABUR -SAWS GmbH; KYOCERA UNIMERCO; LENOX; NACHI FUJIKOSHI CORP; The Bandsaw Shop; and L. S. Starrett Company are among the key players profiled during this study on the band saw blades market. In addition, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the market and its ecosystem.
The COVID-19 pandemic has had a swift and severe impact on the globally integrated manufacturing industry. The pandemic disrupted the parts exports from China, interrupted large scale manufacturing across Europe, and closed assembly plants in the US. All these factors are declining the demand for band saw blades across the world. The supply chain disruption and a limited labor market are among the prominent factors limiting supply and production activities. The drop-in production hampered the band saw blades market during the pandemic. From 2021, the band saw blades market size is improving at a faster pace with significant rise in the demand for the blades. Factories are introducing new and improved products, with many of the plants nearly back to production levels that prevailed before the pandemic.
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