Band Saw Blade Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
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Band saw blades are precision cutting tools used across industries for slicing materials such as metal, wood, and composites. These continuous, flexible steel strips with toothed edges are designed for high-efficiency cutting in applications ranging from steel foundries to aerospace manufacturing. The industry is characterized by its diversity in blade types, including high-speed steel (HSS) bimetal, carbide-tipped, and carbon steel blades, each tailored to specific material hardness and cutting requirements. Production involves advanced metallurgical processes, such as laser welding and heat treatment, to ensure durability, sharpness, and resistance to wear. The market is moderately concentrated, with global leaders like Stanley Black & Decker and AMADA leveraging proprietary technologies to produce high-performance blades. Bichamp, with an annual bimetal blade capacity exceeding 30 million meters, exemplifies the industry’s focus on high-output production. The market is driven by demand for precision cutting in automotive, aerospace, and machinery manufacturing, with trends toward sustainable materials, automation-compatible blades, and high-purity alloys for enhanced performance. Challenges include raw material price volatility, intense competition, and environmental regulations, yet growth is fueled by industrial automation, infrastructure projects, and innovations in blade durability.
Market Size and Growth Forecast
The global band saw blade market is projected to reach USD 2.0–2.5 billion by 2025, with an estimated compound annual growth rate (CAGR) of 4% to 6% through 2030. Growth is driven by rising industrial activity, automation in manufacturing, and demand for high-precision cutting tools, tempered by cost pressures and regulatory constraints.
Regional Analysis
North America exhibits a growth rate of 3%–5%. The U.S. leads due to its advanced manufacturing and aerospace sectors, with companies like Starrett catering to precision cutting needs. Trends include adoption of carbide-tipped blades for aerospace alloys and automation-compatible blades for smart factories.
Asia Pacific shows a growth rate of 5%–7%. China, with firms like Bichamp and Hengerda New Materials, dominates production, while India’s infrastructure projects drive demand. Trends focus on cost-competitive bimetal blades and sustainable manufacturing, with Hengerda’s blades recognized for international advanced technology in 2024.
Europe records a growth rate of 3%–5%. Germany’s automotive and machinery sectors, supported by WIKUS, emphasize high-performance blades for alloy cutting. Trends include eco-friendly blade production and integration with Industry 4.0 technologies.
Middle East and Africa display a growth rate of 2%–4%. The UAE’s construction and industrial growth fuels demand, with trends toward durable blades for heavy-duty applications.
South America has a growth rate of 2%–4%. Brazil’s automotive and steel industries support growth, with trends focusing on affordable, high-strength blades for manufacturing.
Application Analysis
Steel Foundries: Holds a growth rate of 4%–6%. Band saw blades are critical for cutting large steel billets, with Stanley Black & Decker’s bimetal blades offering high durability. Trends include demand for wear-resistant blades for high-throughput foundries.
Machinery Manufacturing: Accounts for a growth rate of 3%–5%. Blades are used for precision cutting of machine components, with AMADA’s carbide-tipped blades leading in accuracy. Trends focus on blades for automated CNC systems.
Automotive: Records a growth rate of 4%–6%. Blades cut lightweight alloys and composites, with WIKUS’s solutions supporting EV component production. Trends include blades for high-speed cutting of aluminum and carbon fiber.
Aerospace: Shows a growth rate of 5%–7%. High-performance blades Strasburg, Germany, drives demand for carbide-tipped blades for titanium alloys. Trends focus on precision blades for lightweight aerospace materials.
Others: Has a growth rate of 2%–4%. Includes woodworking and food processing, with trends toward versatile, cost-effective carbon blades.
Type Analysis
High-speed Steel Bimetal Band Saw Blades: Holds a growth rate of 4%–6%. Bichamp’s bimetal blades, with 2024 revenue of USD 89.5 million, dominate due to their durability and versatility. Trends include demand for automation-compatible blades.
Carbide Tipped Band Saw Blades: Accounts for a growth rate of 5%–7%. AMADA’s carbide blades excel in cutting hard alloys, with trends toward high-precision blades for aerospace.
Carbon Band Saw Blades: Records a growth rate of 3%–5%. Cost-effective for softer materials, Starrett’s carbon blades are widely used in woodworking. Trends focus on sustainable steel production.
Others: Shows a growth rate of 2%–4%. Includes specialty blades like diamond-coated types, with trends toward niche applications in composites.
Key Market Players
Stanley Black & Decker: A U.S.-based leader, it produces bimetal and carbide blades for industrial cutting, focusing on durability for steel foundries.
Starrett: A U.S. firm, Starrett specializes in carbon and bimetal blades for precision manufacturing, serving automotive and machinery sectors.
DoALL: A U.S. company, DoALL offers high-performance blades for heavy-duty cutting, targeting steel and aerospace applications.
AMADA: A Japanese innovator, AMADA excels in carbide-tipped blades for high-precision aerospace and automotive cutting.
BAHCO: A Swedish firm, BAHCO produces versatile bimetal blades for machinery and construction, emphasizing reliability.
WIKUS: A German leader, WIKUS focuses on high-speed steel blades for automotive and aerospace, prioritizing precision.
Tenryu: A Japanese company, Tenryu develops carbide blades for specialized cutting, serving aerospace and composites.
Eberle Augsburg: A German firm, Eberle produces bimetal blades for industrial applications, focusing on durability.
Roentgen: A German company, Roentgen specializes in high-performance blades for steel foundries, emphasizing wear resistance.
Bichamp: A Chinese innovator, Bichamp, with over 30 million meters of bimetal blade capacity, targets automotive and construction.
Benxi Tool: A Chinese firm, Benxi produces cost-effective blades for machinery manufacturing, focusing on regional markets.
Hengerda New Materials: A Chinese company, Hengerda, with USD 31.5 million in 2024 revenue, offers advanced bimetal blades for industrial cutting.
Porter’s Five Forces Analysis
●Threat of New Entrants: Low. High technical barriers, including advanced metallurgy and capital-intensive manufacturing, deter new entrants. Leaders like AMADA benefit from proprietary technologies and scale.
●Threat of Substitutes: Moderate. Circular saws and laser cutting compete in some applications, but WIKUS’s bimetal blades offer superior efficiency for continuous cutting.
●Bargaining Power of Buyers: High. Large manufacturers in automotive and aerospace can switch suppliers, pressuring Starrett for competitive pricing and quality.
●Bargaining Power of Suppliers: Moderate. Steel and carbide suppliers influence costs, but diversified sourcing by Bichamp mitigates dependency.
●Competitive Rivalry: High. Stanley Black & Decker and AMADA compete on innovation and quality, but differentiation through sustainable materials reduces price wars.
Market Opportunities and Challenges
Opportunities
●Industrial Automation: The rise of smart factories boosts AMADA’s demand for automation-compatible blades for CNC systems.
●Aerospace Growth: Lightweight alloy cutting drives WIKUS’s carbide blade sales for aircraft components.
●Sustainable Manufacturing: Eco-friendly blade production aligns with ESG goals, favoring Starrett’s sustainable steel use.
●Emerging Markets: India’s infrastructure growth supports Bichamp’s bimetal blade adoption.
●High-Performance Blades: Demand for carbide blades in aerospace boosts AMADA’s innovation.
●Infrastructure Projects: Urbanization in Asia Pacific enhances Hengerda’s blade sales for construction.
●EV Manufacturing: Lightweight material cutting for EVs favors WIKUS’s high-speed blades.
Challenges
●Raw Material Volatility: Steel and carbide price fluctuations pressure Stanley Black & Decker’s costs.
●Environmental Regulations: Emissions rules increase Bichamp’s production costs.
●Competing Technologies: Laser and abrasive cutting threaten Starrett’s share in niche applications.
●High Production Costs: Advanced blade manufacturing strains Hengerda’s margins.
●Supply Chain Disruptions: Logistics issues affect AMADA’s raw material delivery.
●Market Saturation: Mature European markets slow WIKUS’s growth.
●Technical Complexity: R&D costs for high-performance blades challenge Benxi Tool’s resources.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Band Saw Blade Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Band Saw Blade by Region
8.2 Import of Band Saw Blade by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Band Saw Blade Market in North America (2020-2030)
9.1 Band Saw Blade Market Size
9.2 Band Saw Blade Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Band Saw Blade Market in South America (2020-2030)
10.1 Band Saw Blade Market Size
10.2 Band Saw Blade Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Band Saw Blade Market in Asia & Pacific (2020-2030)
11.1 Band Saw Blade Market Size
11.2 Band Saw Blade Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Band Saw Blade Market in Europe (2020-2030)
12.1 Band Saw Blade Market Size
12.2 Band Saw Blade Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Band Saw Blade Market in MEA (2020-2030)
13.1 Band Saw Blade Market Size
13.2 Band Saw Blade Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Band Saw Blade Market (2020-2030)
14.1 Band Saw Blade Market Size
14.2 Band Saw Blade Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Band Saw Blade Market Forecast (2021-2026)
15.1 Band Saw Blade Market Size Forecast
15.2 Band Saw Blade Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Stanley Black & Decker
15.1.1 Company Profile
15.1.2 Main Business and Band Saw Blade Information
15.1.3 SWOT Analysis of Stanley Black & Decker
15.1.4 Stanley Black & Decker Band Saw Blade Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Starrett
15.2.1 Company Profile
15.2.2 Main Business and Band Saw Blade Information
15.2.3 SWOT Analysis of Starrett
15.2.4 Starrett Band Saw Blade Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 DoALL
15.3.1 Company Profile
15.3.2 Main Business and Band Saw Blade Information
15.3.3 SWOT Analysis of DoALL
15.3.4 DoALL Band Saw Blade Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 AMADA
15.4.1 Company Profile
15.4.2 Main Business and Band Saw Blade Information
15.4.3 SWOT Analysis of AMADA
15.4.4 AMADA Band Saw Blade Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 BAHCO
15.5.1 Company Profile
15.5.2 Main Business and Band Saw Blade Information
15.5.3 SWOT Analysis of BAHCO
15.5.4 BAHCO Band Saw Blade Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 WIKUS
15.6.1 Company Profile
15.6.2 Main Business and Band Saw Blade Information
15.6.3 SWOT Analysis of WIKUS
15.6.4 WIKUS Band Saw Blade Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Tenryu
15.7.1 Company Profile
15.7.2 Main Business and Band Saw Blade Information
15.7.3 SWOT Analysis of Tenryu
15.7.4 Tenryu Band Saw Blade Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Band Saw Blade Report
Table Data Sources Of Band Saw Blade Report
Table Major Assumptions Of Band Saw Blade Report
Table Band Saw Blade Classification
Table Band Saw Blade Applications List
Table Drivers Of Band Saw Blade Market
Table Restraints Of Band Saw Blade Market
Table Opportunities Of Band Saw Blade Market
Table Threats Of Band Saw Blade Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Band Saw Blade
Table Cost Structure Analysis Of Band Saw Blade
Table Key End Users List
Table Latest News Of Band Saw Blade Market
Table Merger And Acquisition List
Table Planned/Future Project Of Band Saw Blade Market
Table Policy Of Band Saw Blade Market
Table 2020-2030 Regional Export Of Band Saw Blade
Table 2020-2030 Regional Import Of Band Saw Blade
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Band Saw Blade Market Size And Market Volume List
Table 2020-2030 North America Band Saw Blade Demand List By Application
Table 2020-2025 North America Band Saw Blade Key Players Sales List
Table 2020-2025 North America Band Saw Blade Key Players Market Share List
Table 2020-2030 North America Band Saw Blade Demand List By Type
Table 2020-2025 North America Band Saw Blade Price List By Type
Table 2020-2030 United States Band Saw Blade Market Size And Market Volume List
Table 2020-2030 United States Band Saw Blade Import & Export List
Table 2020-2030 Canada Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Canada Band Saw Blade Import & Export List
Table 2020-2030 Mexico Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Mexico Band Saw Blade Import & Export List
Table 2020-2030 South America Band Saw Blade Market Size And Market Volume List
Table 2020-2030 South America Band Saw Blade Demand List By Application
Table 2020-2025 South America Band Saw Blade Key Players Sales List
Table 2020-2025 South America Band Saw Blade Key Players Market Share List
Table 2020-2030 South America Band Saw Blade Demand List By Type
Table 2020-2025 South America Band Saw Blade Price List By Type
Table 2020-2030 Brazil Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Brazil Band Saw Blade Import & Export List
Table 2020-2030 Argentina Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Argentina Band Saw Blade Import & Export List
Table 2020-2030 Chile Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Chile Band Saw Blade Import & Export List
Table 2020-2030 Peru Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Peru Band Saw Blade Import & Export List
Table 2020-2030 Asia & Pacific Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Band Saw Blade Demand List By Application
Table 2020-2025 Asia & Pacific Band Saw Blade Key Players Sales List
Table 2020-2025 Asia & Pacific Band Saw Blade Key Players Market Share List
Table 2020-2030 Asia & Pacific Band Saw Blade Demand List By Type
Table 2020-2025 Asia & Pacific Band Saw Blade Price List By Type
Table 2020-2030 China Band Saw Blade Market Size And Market Volume List
Table 2020-2030 China Band Saw Blade Import & Export List
Table 2020-2030 India Band Saw Blade Market Size And Market Volume List
Table 2020-2030 India Band Saw Blade Import & Export List
Table 2020-2030 Japan Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Japan Band Saw Blade Import & Export List
Table 2020-2030 South Korea Band Saw Blade Market Size And Market Volume List
Table 2020-2030 South Korea Band Saw Blade Import & Export List
Table 2020-2030 Southeast Asia Band Saw Blade Market Size List
Table 2020-2030 Southeast Asia Band Saw Blade Market Volume List
Table 2020-2030 Southeast Asia Band Saw Blade Import List
Table 2020-2030 Southeast Asia Band Saw Blade Export List
Table 2020-2030 Australia Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Australia Band Saw Blade Import & Export List
Table 2020-2030 Europe Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Europe Band Saw Blade Demand List By Application
Table 2020-2025 Europe Band Saw Blade Key Players Sales List
Table 2020-2025 Europe Band Saw Blade Key Players Market Share List
Table 2020-2030 Europe Band Saw Blade Demand List By Type
Table 2020-2025 Europe Band Saw Blade Price List By Type
Table 2020-2030 Germany Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Germany Band Saw Blade Import & Export List
Table 2020-2030 France Band Saw Blade Market Size And Market Volume List
Table 2020-2030 France Band Saw Blade Import & Export List
Table 2020-2030 United Kingdom Band Saw Blade Market Size And Market Volume List
Table 2020-2030 United Kingdom Band Saw Blade Import & Export List
Table 2020-2030 Italy Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Italy Band Saw Blade Import & Export List
Table 2020-2030 Spain Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Spain Band Saw Blade Import & Export List
Table 2020-2030 Belgium Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Belgium Band Saw Blade Import & Export List
Table 2020-2030 Netherlands Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Netherlands Band Saw Blade Import & Export List
Table 2020-2030 Austria Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Austria Band Saw Blade Import & Export List
Table 2020-2030 Poland Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Poland Band Saw Blade Import & Export List
Table 2020-2030 Russia Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Russia Band Saw Blade Import & Export List
Table 2020-2030 Mea Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Mea Band Saw Blade Demand List By Application
Table 2020-2025 Mea Band Saw Blade Key Players Sales List
Table 2020-2025 Mea Band Saw Blade Key Players Market Share List
Table 2020-2030 Mea Band Saw Blade Demand List By Type
Table 2020-2025 Mea Band Saw Blade Price List By Type
Table 2020-2030 Egypt Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Egypt Band Saw Blade Import & Export List
Table 2020-2030 Israel Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Israel Band Saw Blade Import & Export List
Table 2020-2030 South Africa Band Saw Blade Market Size And Market Volume List
Table 2020-2030 South Africa Band Saw Blade Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Band Saw Blade Import & Export List
Table 2020-2030 Turkey Band Saw Blade Market Size And Market Volume List
Table 2020-2030 Turkey Band Saw Blade Import & Export List
Table 2020-2025 Global Band Saw Blade Market Size List By Region
Table 2020-2025 Global Band Saw Blade Market Size Share List By Region
Table 2020-2025 Global Band Saw Blade Market Volume List By Region
Table 2020-2025 Global Band Saw Blade Market Volume Share List By Region
Table 2020-2025 Global Band Saw Blade Demand List By Application
Table 2020-2025 Global Band Saw Blade Demand Market Share List By Application
Table 2020-2025 Global Band Saw Blade Capacity List
Table 2020-2025 Global Band Saw Blade Key Vendors Capacity Share List
Table 2020-2025 Global Band Saw Blade Key Vendors Production List
Table 2020-2025 Global Band Saw Blade Key Vendors Production Share List
Table 2020-2025 Global Band Saw Blade Key Vendors Production Value List
Table 2020-2025 Global Band Saw Blade Key Vendors Production Value Share List
Table 2020-2025 Global Band Saw Blade Demand List By Type
Table 2020-2025 Global Band Saw Blade Demand Market Share List By Type
Table 2020-2025 Regional Band Saw Blade Price List
Table 2025-2030 Global Band Saw Blade Market Size List By Region
Table 2025-2030 Global Band Saw Blade Market Size Share List By Region
Table 2025-2030 Global Band Saw Blade Market Volume List By Region
Table 2025-2030 Global Band Saw Blade Market Volume Share List By Region
Table 2025-2030 Global Band Saw Blade Demand List By Application
Table 2025-2030 Global Band Saw Blade Demand Market Share List By Application
Table 2025-2030 Global Band Saw Blade Capacity List
Table 2025-2030 Global Band Saw Blade Key Vendors Capacity Share List
Table 2025-2030 Global Band Saw Blade Key Vendors Production List
Table 2025-2030 Global Band Saw Blade Key Vendors Production Share List
Table 2025-2030 Global Band Saw Blade Key Vendors Production Value List
Table 2025-2030 Global Band Saw Blade Key Vendors Production Value Share List
Table 2025-2030 Global Band Saw Blade Demand List By Type
Table 2025-2030 Global Band Saw Blade Demand Market Share List By Type
Table 2025-2030 Band Saw Blade Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Band Saw Blade Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Band Saw Blade Market Size And Cagr
Figure 2020-2030 North America Band Saw Blade Market Volume And Cagr
Figure 2020-2030 South America Band Saw Blade Market Size And Cagr
Figure 2020-2030 South America Band Saw Blade Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Band Saw Blade Market Size And Cagr
Figure 2020-2030 Asia & Pacific Band Saw Blade Market Volume And Cagr
Figure 2020-2030 Europe Band Saw Blade Market Size And Cagr
Figure 2020-2030 Europe Band Saw Blade Market Volume And Cagr
Figure 2020-2030 Mea Band Saw Blade Market Size And Cagr
Figure 2020-2030 Mea Band Saw Blade Market Volume And Cagr
Figure 2020-2025 Global Band Saw Blade Capacity Production And Growth Rate
Figure 2020-2025 Global Band Saw Blade Production Value And Growth Rate
Figure 2025-2030 Global Band Saw Blade Capacity Production And Growth Rate
Figure 2025-2030 Global Band Saw Blade Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |