Market Research Future (MRFR) has published a cooked research
report on the “Metal Sawing Machine Market” that contains information from 2023
to 2032. The Metal Sawing Machine Market is estimated to register a CAGR of
3.40% during the forecast period of 2023 to 2032 and projected to grow at USD
0.81 billion by 2032.
MRFR recognizes the following companies as the key players in the
Market- KASTO (Germany), Cosen Saws(U.S.), HE&M Inc.(U.S.), DoAll Sawing
Products(U.S.), MetlSaw Sawing Solutions (U.K.), Behringer (U.S.),
Marvel(U.S.), Amada (Japan), Hyd-Mech (U.S.).
Metal Sawing Machine Market Overview
The Global Cutting
Band Saw Metal Sawing Machine Market witnessed
significant growth, with its size reaching USD 0.6 billion in 2022. According
to projections, the industry is expected to continue its upward trajectory,
with the market value estimated to reach USD 0.62 billion in 2023. Over the
forecast period from 2023 to 2032, the metal sawing machine market is predicted
to exhibit a compound annual growth rate (CAGR) of 3.40%. By the end of 2032,
the market is projected to achieve a value of USD 0.81 billion.
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Market segmentation
The global metal sawing machine market has been segmented,
Metal Sawing Machine Market By Machine Type Outlook
·
Circular Saws
·
Band Saws
·
Plate Saws
·
Others
Metal Sawing Machine Market By Application Outlook
·
Automotive
·
General Machinery
·
Aerospace
·
Others
Metal Sawing Machine Market By Type Outlook
·
Vertical Saw
·
Horizontal Saw
·
Others
Metal Sawing Machine Regional Outlook
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
Drivers and Restraints
Growing global demand from many applications industries is
expected to be a key growth driver for cutting different product components
with high precision level and edge quality. In 2016, with the aerospace
industry delivering USD 146 billion in exports, the global metal sawing machine
industry market is primed for a significant increase in production. The
companies in the metal cutting sector are likely to reap the benefits of the
success of the aerospace industry in previous years. Major manufacturers in the
metal sawing machine industry are prepared to invest extensively in research
and development to ensure the potential prospects presented by the aerospace
industry are capitalised.
In addition, major market players are required to compete with
each other for potential future consumers to gain a greater market share as
well as respond to the industry's changing trends. In terms of application, the
automotive industry dominates the Metal sawing machine market and makes a major
contribution to the overall market share. Several factors led to the growth of
the automotive industry and the metal sawing machinery industry in effect such
as demographic shifts, such as increasingly rising disposable income, road
infrastructure growth initiatives and vehicle financing in the North American
region.
Nonetheless, lack of skilled labor and high labor costs present a
threat to business development. It is expected that the numerous metal
application industries will be impacted by the aging population of the current
machine operator workforce and the shortage of newly trained laboratories
worldwide. New equipment and technologies, which are less complicated yet
highly efficient, are required to meet current and future market demands.
Competitive Analysis
The major market players operating in the global market as
identified by MRFR are
·
KASTO (Germany)
·
Cosen Saws(U.S.)
·
HE&M Inc.(U.S.)
·
DoAll Sawing Products(U.S.)
·
MetlSaw Sawing Solutions (U.K.)
·
Behringer (U.S.)
·
Marvel(U.S.)
·
Amada (Japan)
·
Hyd-Mech (U.S.).
Regional Analysis
The global business regional analysis was conducted in four major
regions including Asia Pacific, North America, Europe and the rest of the
world.
In North America, the demand for metal sawing
machines is expected to rise due to factors such as increasing automotive
industry, sawing technology innovation and government policies and regulations.
Government organizations such as the American National Standards Institute
(ANSI) issue numerous national consensus guidelines on the safe treatment and
use of specific types of machinery. This standard provides useful guidelines on
employee protection from accidents that occur through machine amputation hazards.
The U.S. is the largest country contributing to the metal sawing machine
industry in North America as the U.S. is the biggest industrial technology
manufacturer, which requires high-tech machinery. Due to the involvement of
small-to-medium enterprises for the production of machine sawing equipment, the
US manufacturing technology market is highly fragmented. This competitive
market is expected to fuel further growth in the demand for metal sawing
machines.
Asia Pacific is expected to remain the hub of
high-tech manufacturing, especially for the electronics, automotive, aerospace
& defense industries. In order to fuel the manufacturing sector in Asia
Pacific in the coming years, huge investment in automation and clean
technologies to deliver efficient and quality end-use products with less
environmental impact is anticipated.
Metal Sawing Machine Industry Developments
September 2020:
Amada Co., Ltd. and Hitachi High-Tech Corporation joined forces
through a strategic agreement to collaborate on developing next-generation
laser processing technologies for the manufacturing industry. This partnership
aims to leverage the expertise of both companies to advance laser processing
capabilities, enhancing cutting precision, speed, and efficiency. The
development of cutting-edge laser processing technologies holds the potential
to revolutionize the metalworking industry, providing manufacturers with more
advanced and versatile metal sawing machines for various applications.
July 2020:
Mazak Corporation introduced a new series of multi-tasking
machines designed to perform high-speed milling and turning operations. These
innovative machines enable manufacturers to carry out multiple machining
processes in a single setup, leading to increased efficiency and shorter lead
times in production. The integration of high-speed milling and turning
capabilities in a single machine offers improved flexibility and productivity,
addressing the evolving needs of the metalworking industry for complex and
multi-dimensional machining tasks.
December 2020:
Doosan Corporation launched a new series of horizontal machining
centers equipped with cutting-edge features, including high-speed spindles and
enhanced chip evacuation mechanisms. These innovative machines are specifically
designed to boost productivity and reduce downtime in metalworking operations.
The incorporation of high-speed spindles enables faster cutting speeds, while
improved chip evacuation ensures smoother machining processes. With these
advancements, Doosan aims to provide manufacturers with highly efficient and
reliable metal sawing machines to enhance their production capabilities.
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