Recent research: Bandsaw Machines Market to witness steady growth at ~4% CAGR by 2019 - 2029

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Industrial Automation and Equipment

• August 2019

Report Id REP-GB-3787 Published On
Aug-2019 Category Industrial Automation and
Equipment
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Bandsaw Machines Market Analysis

• Bandsaw Machines Market is Anticipated to
  Expand at a Healthy CAGR of 4 During the
  Forecast Period 2019- 2029
• VALLEY COTTAGE, New York, Aug. 21,
  2019 /PRNewswire/ -- 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.
• Industrial technologies are currently
  experiencing a seismic shift from the
  conventional technologies to bandsaw machines.
  The primary reason behind this trend reversal is
  an ever-increasing demand for flexibility during
  cutting applications that comes from the end
  users, which will further help them serve
  requirements of their customers in a much more
  efficient way.
• The FMI analyst opines that there are signs of a
  majority of the industries moving towards 'energy
  efficiency', which marks positive beginnings for
  the adoption of bandsaw machines market during
  the assessment period. The global bandsaw
  machines market reflects a fair degree of
  fragmentation, with a handful of market players
  accounting for approximately 29-31 revenue
  share.

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Bandsaw Machines Market Analysis

• However, the mid-level and emerging players will
  command for a major chunk of overall market share
  i.e. 69-71, and will remain focused toward
  extending their sphere of influence via
  affordable products with 'best-in-class'
  features.
• To align with end user proclivity for
  high-quality bandsaw machines that bring down
  operational and maintenance costs, manufacturers
  are placing emphasis on use of high-cost
  components and working toward reduction of blade
  changeover downtimes. According to the FMI
  analyst, the market players are also shifting
  their strategic focus toward the development of
  differentiated and customized bandsaw machines
  that are suited to varying end-user needs and
  requirements.
• According to the FMI analysis, fully-automatic
  machines accounted for more than 1/3rd of the
  bandsaw machines sales in 2018, with a tough
  competition by semi-automatic bandsaw machines.
  Though end-users will remain biased toward
  bandsaw machines with horizontal orientation, the
  ones with vertical orientation will witness
  exponential demand through 2029. While the former
  offers benefits of easy mobility and
  transportation, the latter offers better
  visibility on account of the enhanced
  accessibility. Automotive and transportation will
  continue to account for a significant pie of the
  overall market revenues in 2018, standing firmly
  as the largest end-user of bandsaw machines.
• The dynamic growth of economies in East Asia is
  imparting newer dimensions for the regional
  industrial paradigms, thereby presenting
  promising opportunities for the

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Bandsaw Machines Market Analysis

• 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.
• Online Channel The New Pacemaker for Sustained
  Revenue Growth
• With 'online' emerging as the new synonym of
  'convenience' and 'flexible purchasing',
  manufacturers are investing in online sales
  channels to gain maximum ROI. The growth of
  online sales is the consequence of dramatic
  shifts in purchase habits of end users, who seek
  high-quality bandsaw machines available at the
  best of prices. The growing number of
  well-informed customers are calling for reliable
  information on the product integrity, which also
  works in favor of online channels that include
  detailed product descriptions for the consumers'
  reference.
• This study outlines key opportunities in the
  bandsaw machines market and unveils that the
  market would grow at a value CAGR of 4 during
  the forecast period.
• Press-release Source - https//www.prnewswire.com/
  news-releases/bandsaw-machines-market-is-expected-
  to-increase-at-a-cagr-of-4-over-the-forecast-perio
  d-of-2019-to-2029--future-market-insights-30090498
  6.html

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Bandsaw Machines Market Analysis

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  intelligence and consulting firm. We deliver
  syndicated research reports, custom research
  reports and consulting services which are
  personalized in nature. FMI delivers a complete
  packaged solution, which combines current market
  intelligence, statistical anecdotes, technology
  inputs, valuable growth insights and an aerial
  view of the competitive framework and future
  market trends.

8
Bandsaw Machines Market Analysis

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