The plate on the back of the machine makes it absolutely clear. It's a 3 phase 415V bandsaw.
Whether the motor is dual voltage and could be run off domestic mains with a vfd is unknown. You would need a photo of the motor rating plate.
The transformer is irrelevant to the running of the machine. 415v 3 phase in, 240v out but only at a a handful of watts. Maybe to power a task light if the machine was used in a factory wired for 3 phase but not single. Maybe to supply a 240V single phase coil in the start stop controls.
If you have 3 phase, then the transformer will do what it's intended to.
If you make your own 3 phase with a digital phase converter, likewise.
If you were able to change this to 3ph 240v VFD fed, you would be replacing the motor controls anyway and whatever the transformer is doing will become redundant.