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.), HEM 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,
The Metal Sawing Machine market encompasses various segments categorized by machine type, application, type, and regional outlook.
In terms of machine type, options include Circular Saws, Band Saws, Plate Saws, and others.
Applications for metal sawing machines span across industries such as Automotive, General Machinery, Aerospace, and others.
Moreover, the market is further segmented by type, comprising Vertical Saw, Horizontal Saw, and others.
Geographically, the Metal Sawing Machine market is analyzed across regions like North America, Europe, Asia-Pacific, and the 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 Metal Sawing Machine Market major players operating are
· KASTO (Germany)
· Cosen Saws(U.S.)
· HEM 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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