Global Bi-Metal Band Saw Blade Market report published by Accurize Market Research forecast that the global market is expected to reach $XX billion by 2025; growing at a CAGR of XX% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increasing demand from the industrial and manufacturing sector, rising disposable income across the globe to drive the growth of the market
Increasing demand from the industrial and manufacturing sector, rising disposable income fuels the demand for the global bi-metal band saw blade market. Furthermore, upsurging demand in the production, packaging, automobile and agriculture industry also boosts the growth of the market.
Market Segmentation
The global bi-metal band saw blade market has been bifurcated on the basis of product type, application, and geography. The product type segment comprises a high-speed steel band saw blade, tungsten carbide band saw blade, emery band saw blade. The classification by application includes the ferrous metallurgy industry, machinery manufacturing industry, automobile industry, mold processing industry, military industry, and other applications.
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By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in the U.S., the Rest of North America, whereas Europe consists of the UK, Germany, and the Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and the Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
Top players in the market
The key market players include Lenox Tools, Starrett, Amada, Dongbei Special Steel Group Dalian Special Steel Co., Ltd., WIKUS India Pvt. Ltd., DoAll Sawing Products, Bahco, BENXI TOOLS GROUP, Bichamp, and Simonds International LLC, among others.