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Stationary Band Saws Market Share
In 2023, key companies like Amada, DoAll, Laguna, Santec held a combined market share of 5-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
Companies are heavily investing in research and development to develop advanced and smart band saws that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.
Stationary Band Saws Market Companies
Major players operating in the stationary band saws industry are:
- Amada Machinery
- Dayton
- Delta Power Equipment
- DoAll Saws
- Grizzly
- HEM Saw
- JPW Industries
- Laguna Tools
- Palmgren
- Rikon
- Santec Group
What trends are influencing the U.S. stationary band saws market growth?
The U.S. stationary band saws market size surpassed USD 380 million in 2023 and is estimated to grow at a 4.7% CAGR from 2024 to 2032, led by the growing adoption of electric vehicles and the reshoring trend in manufacturing.
What is the size of the metalworking application segment in the stationary band saws market?
The metalworking segment held around 67% of the market share in 2023 and is anticipated to grow at a 6% CAGR from 2024 to 2032, led by the demand for precise metal cutting in various industries.
Why is the use of CNC stationary band saws rising?
The CNC segment was worth around USD 1.3 billion in 2023 and is expected to grow at a 6.1% CAGR from 2024 to 2032, due to technological advancements and evolving industrial requirements.
How big is the stationary band saws market?
The global market for stationary band saws was reached USD 1.73 billion in 2023 and is estimated to grow at a 5.6% CAGR from 2024 to 2032, driven by the expanding wood and metal processing industry.
Who are the major players in the stationary band saws market?
Key players in the industry include Amada Machinery, Dayton, Delta Power Equipment, DoAll Saws, Grizzly, HEM Saw, JPW Industries, Laguna Tools, Palmgren, Rikon, and Santec Group.