Bi-Metal Bandsaw Blades Market Size Worth US$5,907.52 Million By 2028 – The Bollywood Ticket

According to our latest market research on “Bi-metal bandsaw blades Market Forecast to 2028 – Impact of COVID-19 and Global Analysis – by Product Type (Carbide Tipped Steel and High Speed ​​Steel), Application (Steel, Aluminum, Cast Iron, Non-Ferrous Materials and Others) and Industry end-use (automotive, aerospace & defense, machinery manufacturing and others),” the market was valued at US$3,922.06 million in 2020 and is projected to reach US$5,907.52 million by 2028; it is expected to grow at a CAGR of 5.6% from 2021 to 2028.

Bi-metal bandsaw blades are made of two metals, primarily high tensile steel (HSS) and spring steel. These blades are commonly used in the metalworking industries to cut cast iron; structural steel; pipelines; and non-ferrous materials such as brass, bronze, aluminum, copper and other metals. Bi-metal bandsaw blades are an economical solution for a variety of metal cutting applications. The blades deliver high cutting performance at high speeds and high throughput, and meet production efficiency challenges. They are particularly suitable for industrial metal cutting operations on semi-automatic and automated machines. Additionally, bi-metal bandsaw blades offer a number of advantages, such as better cutting performance, longer tool life, superior wear resistance and excellent cutting stability. the cutting edge.

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Bi-metal blades are used on band saws to cut carbon steel, tool steel, structural steel, stainless steel, pipe and tubing, die steel, angle iron and flat parts and mixed metal components. They are made of two different metals. Bi-metal teeth have superior strength that can hold the edge of the blade while cutting, allowing maximum flexibility without sacrificing resilience or durability. The back of the blade is made of flexible spring steel, which allows the blade to flex. The blade teeth are machined from high speed steel wire which is welded to the back of the blade using an electronic beam. Bi-metal bandsaw blades are stronger than carbon blades, resulting in significantly longer life and high performance sawing. The manufacturing and metalworking industries demand bandsaw blades that last longer and produce better quality cuts. Bi-metal bandsaw blades help minimize cost per cut, while ensuring greater productivity.

Additionally, due to the high cost of manufacturing process outsourcing, many manufacturers and industrial operators are looking for more cost effective and efficient ways to saw metals in their own facilities. The introduction of bandsaw tools, such as bi-metal bandsaw blades, offering greater availability and control, allows companies to cut their own metal in-house. These blades help manufacturers reduce overall operating costs by eliminating the need to outsource metal cutting jobs, further improving production efficiency by ensuring jobs are completed on time. Thus, bi-metal bandsaw blades are emerging as cost-effective cutting tools that provide high performance metal sawing and improve production efficiency, thereby minimizing the overall cost of production in component manufacturing facilities. automotive, aerospace and metal, driving the growth of the global bi-metal bandsaw blades market.

A few key players operating in the bi-metal bandsaw blades market are Christiania Seeds, Barney’s Souvenirs Bv, Mountain Top Seed Bank, Paradise Seeds Family, Seed Supreme, Sensi Seeds, Serious Seeds, Sweet Seeds, The Seed Cellar, and Dutch Passion. .

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Impact of the COVID-19 pandemic on the Bimetal Bandsaw Blades market

The bi-metal bandsaw blades market has been negatively impacted due to insufficient supply of raw materials such as high speed steel and alloy steel tooth tips and disruptions in the production processes of bandsaw blades. bimetal tape. The bi-metal bandsaw blade is widely used in steelmaking applications and in several end-use industries such as automotive and machinery production. According to a survey conducted by the United Nations Industrial Development Organization (UNIDO), after the imposition of the lockdown last year, production in India had come to a halt. In manufacturing, motor vehicles, metals, chemicals, textiles, and machinery and equipment were among the hardest hit industries. The COVID-19 pandemic has had a severe impact on the integrated automotive sector globally. This led to a disruption of Chinese parts exports, the closure of assembly plants in the United States and large-scale production disruptions across Europe. The auto industry has seen a decline in passenger car sales. For example, according to McKinsey & Company, original equipment manufacturers (OEMs) have reduced their production volumes in Europe by 16% from their originally planned volumes for 2020.

Consequently, vehicle sales fell massively. In April 2020, sales in the UK, Spain and Italy were over 95% lower than the previous year’s levels, while Germany lost 61% and France lost 89% of sales of new cars compared to last year. However, the industry has started to gain momentum and is expected to experience significant growth in the coming years as electric vehicle sales increase. Thus, initially, the COVID-19 pandemic negatively impacted the growth of the global Bimetal Bandsaw Blades Market; however, the market is expected to resume growth in the next few years.

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Bi-Metal Bandsaw Blades Market Breakdown – By Region, 2020

The report segments the Bi-Metal Bandsaw Blades Market as follows:

Based on product type, the Bi-Metal Bandsaw Blades market is divided into Carbide and High Speed ​​Steel. Based on application, the market is segmented into steel, aluminum, cast iron, non-ferrous materials and others. Based on end-use industry, the market is segmented into automotive, aerospace & defense, machinery manufacturing, and others. On the basis of geography, the market for bimetal bandsaw blades is segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM)

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