Global Bandsaw Market: Introduction
Bandsaw has been a mainstay woodcutting machinery of furniture makers, wooden boat and component builder for well over a century. Bandsaws are inherently safer than table saws and acts as a product substitute because the danger of kickback is eliminated. Bandsaw machine is a machine tool, one of the two sawing machines, designed to cut off wood, bar stock, tubing, pipe, or any metal stock within its capacity, or to cut sheet stock to desired contours. The bandsaw functions by bringing a saw blade in contact with the work piece to be cut, and drawing the cutting teeth through the work piece. The bandsaw blade is supported and driven by a drive wheel and an idler wheel. Modern bandsaw is equipped with built in dust collection part and rack & pinion blade support adjustment system. Global bandsaw market is set to experience moderate consumption growth, benefiting from generally positive economic developments and improvements in the construction and housing industry.
Subsequently, the aim of the study is to analyze the most recent trends, dynamics, and potential strategies in the global Bandsaw market.
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Global Bandsaw Market: Dynamics
The manufacture and sale of bandsaw is a part of woodworking equipment market which is a multi-billion dollar industry. However, it is comparatively smaller than other equipment industries, particular construction and mining equipment. Bandsaw is essential to thousands of small scale enterprises and home contractors. The demand for bandsaw is squarely dependent on the growth of construction and manufacturing industry. Fluctuations in world trade in woodworking equipment and thus, bandsaw can be attributed largely to slow economic growth and falling commodity prices in key markets. Moreover, prices of softwood and hardwood also play a pivotal role in the development of bandsaw market. Importantly, more focus has been put on computer numerical controlled bandsaw to promote industry 4.0 and digital manufacturing.
Global Bandsaw Market: Segments
The global Bandsaw market can be segmented on the basis of product class, application, power, sales channel, and region
On the basis of the product class, the global Bandsaw market can be segmented as:
- Bench top Models
- Stand-mounted Bandsaws
- Large-floor Models
On the basis of the application, the global Bandsaw market can be segmented as:
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On the basis of the power, the global Bandsaw market can be segmented as:
- Up to 2 HP
- 2 HP to 5 HP
- More than 5 HP
On the basis of the sales channel, the global Bandsaw market can be segmented as:
Global Bandsaw Market: Regional Outlook
Western European countries such as Germany, Italy etc. and Japan are expected to remain top exporters of bandsaw. Slow growth in China and South Korea construction sector will likely to pose challenge for the bandsaw manufacturers. Despite modest gains in GDP, Europe is foreseen to observe meagre growth in the demand for bandsaw. Despite recent setbacks in the global economy, growing middleclass across the globe, especially in China and India has led to increased consumption of furniture and other finished wood products; Subsequently, promoting the demand for bandsaw. Policies such “Made in China 2025” and other regional policies are expected to forge ahead the demand for bandsaw whilst expanding manufacturing activities. ASEAN is set to remain one of the prominent importers of bandsaw and anticipated to witness substantial growth in the bandsaw market. Furthermore, Eastern Europe and CIS countries are likely to witness slow growth in the bandsaw market with the prospected plummet in the demand for furnitures.
Global Bandsaw Market: Key Participants
List of some of the prominent market participants in the global Bandsaw market discerned across the value chain include:
- Laguna Tools
- RIKON Power Tools Inc.
- Grizzly Industrial, Inc.
- Ryobi Limited
- Stanley Black & Decker (Craftsman)
- Extreme Machinery Manufacture Co. Ltd.
- SCM Group
- DoAll Sawing Products
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