South America Bi-Metal Band Saw Blades Market

Market Introduction

SAM includes Brazil, Argentina, and the Rest of SAM. The region is among the fast-developing Bi-Metal band saw blade markets; however, it is less mature and slower than other regions. The Bi-Metal band saw blade market in SAM is primarily driven by the increasing use of the Bi-Metal band saw blade by the end-use industries such as automotive, aerospace & defense, and machine manufacturing. Bi-Metal band saw blade has extensive use in machine manufacturing. The off-highway equipment industry covers heavy-duty machines produced for use in numerous construction operations such as hauling, excavating, drilling, paving, and grading. The construction sector's recovery, a surge in public-private partnerships, and rapid urbanization are bolstering the demand for off-highway machines, thereby propelling the Bi-Metal band saw blade market growth in the region. Further, Starrett produces carbide tip band saw blades in different variants, ideal for cutting tough, abrasive materials. Moreover, the region's key players can increase their market share by focusing on product development and innovations. It is considered that with the increasing presence of global and local market players, coupled with growing research and development activities, the Bi-Metal band saw blade market will find immense opportunities in the coming years. The rise in investment in research & development activities and technological innovation related to the Bi-Metal band saw blades is also expected to bolster the market's growth.

In SAM, Brazil is the worst-affected country by the COVID-19 pandemic, followed by Ecuador, Chile, Peru, and Argentina. Governments of these countries have taken an array of actions to protect their citizens and contain the spread of COVID-19. The bi metal band saw blade market has been negatively affected by the lack of raw materials such as high-speed steel tooth tips and alloy steel, as well as disruptions in the blade manufacturing processes. Bi metal band saw blades are widely used in end-user industries such as automotive and machinery manufacturing. The COVID-19 pandemic severely affected the motor vehicles, metals, chemical products, textiles, and machinery and equipment manufacturing industries, among others, in 2020. The COVID-19 pandemic has had a significant impact on the automotive and chemicals & materials industries across SAM. Containment measures in several SAM countries have reduced economic activity in the chemicals & materials industry; however, the industry is likely to grow once the region manages to revive from the pandemic.    

South America Bi-Metal Band Saw Blades Strategic Insights

Strategic insights for the South America Bi-Metal Band Saw Blades provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Bi-Metal Band Saw Blades Report Scope

South America Bi-Metal Band Saw Blades Regional Insights

The geographic scope of the South America Bi-Metal Band Saw Blades refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The SAM bi-metal band saw blades market is expected to grow from US$ 279.03 million in 2021 to US$ 348.78 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028.  Manufacturers of band saw blades are focusing on developing new products that deliver high-quality cuts in different metal cutting applications. The product innovation strategy is primarily focused on improving the performance and durability of blades for high-precision metal cutting. Intense competition in the metal cutting market has been one of the key factors compelling the manufacturers to adopt product innovation strategy. One of the significant manufacturers of band saw and hand file products introduced a new range of bi-metal band saw blades that are designed with the specialized depth to meet all metal cutting applications including general purpose cutting, production cutting, structural steel cutting, and tough exotic alloy cutting. Thus, increasing development of new products with improved performance is expected to provide significant product and clientele expansion opportunities to the market players in the coming years across SAM region.

Key Market Segments

In terms of product type, the high speed steel segment accounted for the largest share of the SAM bi-metal band saw blades market in 2020. In terms of application, the steel segment held a larger market share of the SAM bi-metal band saw blades market in 2020. Further, the machine manufacturing segment held a larger share of the SAM bi-metal band saw blades market based on end use industry in 2020.    

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the SAM bi-metal band saw blades market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report 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.

Reasons to buy report

• To understand the SAM bi-metal band saw blades market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM bi-metal band saw blades market
• Efficiently plan M&A and partnership deals in SAM bi-metal band saw blades market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM bi-metal band saw blades market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region. 

SAM Bi-Metal Band Saw Blades Market Segmentation

SAM Bi-Metal Band Saw Blades Market - By Product Type

• Carbide Tipped
• High Speed Steel

SAM Bi-Metal Band Saw Blades Market -

By Application

• Steel
• Aluminum
• Cast Iron
• Non-Ferrous Material
• Others

SAM Bi-Metal Band Saw Blades Market -

By End Use Industry

• Automotive
• Aerospace and Defense
• Machine Manufacturing
• Others

SAM Bi-Metal Band Saw Blades Market - By Country

• Brazil
• Argentina 
• Rest of SAM 

SAM Bi-Metal Band Saw Blades Market - Company Profiles

• AMADA MACHINERY CO., LTD.
• BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD
• EBERLE
• Gebr. Lennartz GmbH & Co. KG
• ROBERT RÖNTGEN GMBH & CO. KG
• SNA Europe (BAHCO)
• Starrett