At 3.1% CAGR, the South & Central America Bi-Metal and Carbide Tipped Band Saw Blades Market is projected to be worth US$ 83.55 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the South & Central America bi-metal and carbide tipped band saw blades market was valued at US$ 69.42 million in 2022 and is expected to reach US$ 83.55 million by 2028, registering a CAGR of 3.1% from 2022 to 2028. Cost-effectiveness of tools that enable high-performance in-house metal sawing are the critical factors attributed to the South & Central America bi-metal and carbide tipped band saw blades market expansion.

Bi-metal blades are used on band saws to cut carbon steel, tool steel, structural steel, stainless steel, pipes and tubes, die steel, angles and flat stock, and mixed metal components. They are composed of two different metals. The bi-metal teeth have superior strength that can retain the blade's edge while cutting, thus allowing for maximum flexibility without sacrificing resilience or durability. The blade back is made up of flexible spring steel, which allows the bending of the blade. The teeth of blade are machined into a high-speed steel wire that is welded to the blade back using an electronic beam. The bi-metal and carbide tipped band saw blades are more robust than carbon blades, which results in a considerably longer blade life and high-performance sawing. The fabrication and metalworking industries require band saw blades that will last longer and produce cuts of a higher quality. The bi-metal and carbide tipped band saw blades helps minimize the cost per cut, alongside ensuring a greater productivity. Moreover, due to the high cost of outsourcing manufacturing processes, many manufacturers and industrial operators are looking for more cost-effective and efficient ways to saw metals in their own facilities. The introduction of band sawing tools, such as bi-metal and carbide tipped band saw blades, having greater availability and control is providing viability to companies’ abilities to cut their own metal in-house. These blades help manufacturers lower their overall operating costs by eliminating the need of outsourcing metal cutting jobs, further enhancing production efficiency by ensuring work completion within the given timeframe. Thus, bi-metal and carbide tipped band saw blades are emerging as cost-effective cutting tools that deliver high-performance metal sawing and improve production efficiency, thereby minimizing the overall cost of production in automotive, aerospace, and metal components’ manufacturing facilities, which is driving the growth of the South & Central America bi-metal and carbide tipped band saw blades market.

On the contrary, high cost of maintenance required for bi metal band saw blades hampers the South & Central America bi-metal and carbide tipped band saw blades market.

Based on product type, the South & Central America bi-metal and carbide tipped band saw blades market is segmented into carbide tipped and high-speed steel. The high-speed steel segment held 74.0% share of South & Central America bi-metal and carbide tipped band saw blades market in 2022, amassing US$ 51.40 million. It is projected to garner US$ 61.29 million by 2028 to expand at 3.0% CAGR during 2022–2028.

Based on application, the South & Central America bi-metal and carbide tipped band saw blades market is segmented into steel, aluminum, cast iron, non-ferrous material, and others. The steel segment held 60.4% share of South & Central America bi-metal and carbide tipped band saw blades market in 2022, amassing US$ 41.94 million. It is projected to garner US$ 50.43 million by 2028 to expand at 3.1% CAGR during 2022–2028.

Based on end use industry, the South & Central America bi-metal and carbide tipped band saw blades market is segmented into automotive, aerospace & defense, machine manufacturing, and others. The machine manufacturing segment held 42.0% share of South & Central America bi-metal and carbide tipped band saw blades market in 2022, amassing US$ 29.14 million. It is projected to garner US$ 35.53 million by 2028 to expand at 3.4% CAGR during 2022–2028. 

Based on country, the South & Central America bi-metal and carbide tipped band saw blades market has been categorized into Brazil, Argentina and the Rest of South & Central America. Our regional analysis states that Brazil captured 66.6% share of South & Central America bi-metal and carbide tipped band saw blades market in 2022. It was assessed at US$ 46.24 million in 2022 and is likely to hit US$ 56.06 million by 2028, exhibiting a CAGR of 3.3% during the forecast period.

Key players dominating the South & Central America bi-metal and carbide tipped band saw blades market are AMADA MACHINERY CO., LTD.; BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD; EBERLE; Gebr. Lennartz GmbH & Co. KG; ROBERT RÖNTGEN GMBH & CO. KG; SNA Europe (BAHCO); and Starrett, among others. 

• In 2020; Starrett Company introduced its new series of “3X POWER” Bi-Metal Reciprocating Saw Blades. The new product can cut more efficiently which will enable users to get fast cut than conventional blades.

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