Bandsaw Machines Market Is Expected Increase at CAGR of ~4% Over Forecast Period of 2019-2029

Worldwide sales of bandsaw machines is estimated to total ~ 200 thousand units in 2019, with an estimated increase of ~ 3% year over year, according to the recent research study published by Future Market Insights (FMI). The bandsaw machines market is set for an unwavering growth through 2029, primarily driven by growing focus on effective cutting technologies that promise high functionality for varying applications. However, limitations in terms of producing perfectly-shaped curved edges continues to threaten the relevance, thereby adding new uncertainties to the near-term outlook of bandsaw machines.

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1. The global bandsaw machines market size in 2018 was valued at ~US$ 1.8 Bn.
2. The bandsaw machines market is expected to increase at a CAGR of ~4% over the forecast period of 2019-2029.
3. The horizontal segment is anticipated to remain as the most preferred orientation type segment in the bandsaw machines market.
o The growth of this particular segment can be primarily attributed by the increasing production of automotive and wood pallets globally.
4. Collectively, North America, East Asia, and Europe are likely to hold 70% of the revenue shares in the bandsaw machines industry by the end of 2029.
o The East Asia market is expected to remain as the prominent regional market for bandsaw machines manufacturers due to the presence of large number of end use manufacturing industries in the region.
5. The automotive and transportation segment is expected to lead the market share in terms of revenue generation followed by the others segment, which includes wood cutting and biomass generation. Growing inclination towards biomass for power generation is expected to create robust opportunities in the segment.
o Key regions such as North America and Europe accounted for a substantial share in the round wood production. These regions are expected to create healthy demand for bandsaw machines.

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Market Structure Analysis
• The global bandsaw machines market is an extremely fragmented market. Tier 1 players hold ~29-31% share in the market.
• Most of the key players sustain strategic focus on the development of new products and expansion of business in new regions and setup of the distribution and sales network.
• Noteworthy investments in developing new and durable bandsaw machines by companies are expected to exploit the bandsaw machines market growth prospects.
o Key players in the bandsaw machines market such as Amada Holdings Co., Ltd, Starrett, KASTO Maschinenbau GmbH & Co. KG, and Cosen Saws International, Inc., are developing new products and focusing on product innovations to sustain their positions in the market.
• International and regional market players have an extensive marketing network of branch, regional, and global offices across tier 1 and tier 2 cities, providing support to its customers.

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The dynamic growth of economies in East Asia is imparting newer dimensions for the regional industrial paradigms, thereby presenting promising opportunities for the manufacturers of industrial equipment. Following a sustained period of growth, East Asian countries such as China and Japan are achieving technological parity with the western countries, which makes them no less of gold mines for bandsaw machines market players to reap profits from.

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