Bandsaw Machines Market Outlook, Current and Future Landscape Analysis 2022 to 2029
Worldwide sales of bandsaw machines is estimated to total ~ 200 thousand units in 2022, with an estimated increase of ~ 3.9% year over year, according to the recent research study published by Future Market Insights (FMI). The bandsaw machines market is set for an unwavering growth through 2029, primarily driven by growing focus on effective cutting technologies that promise high functionality for varying applications.
However, limitations in terms of producing perfectly-shaped curved edges continues to threaten the relevance, thereby adding new uncertainties to the near-term outlook of bandsaw machines.
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.
Get a Sample Copy of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-3787
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 1/3rd 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.
Get More Information on this Report @ https://www.futuremarketinsights.com/reports/bandsaw-machine-market
Bandsaw Machines Market by Category
By Orientation:
Horizontal
Vertical
By Operation:
Manual
Semi-Automatic
Fully Automatic
CNC
By Cutting Type:
Mitre
Circular
Ring
Straight
By End Use:
Automotive & Transportation
Construction
Mining
Aerospace
Shipbuilding
Food
Others
By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA