Global Metal Cutting Tools Market, By Material (Carbide, Ceramics, CBN & PCD, Others), By Process (Milling, Turning, Drilling, Rotary, Others) By End-Use (Automotive, Aerospace & Defense, Energy, Others), By Region, Competition, Forecast & Opportunities, 2024
Global metal cutting tools market is witnessing steady growth and is projected to cross $ 38 billion by 2024.The market is expected to grow on account of increasing demand for metal cutting tools from automotive and aerospace & defence sectors.
Replacement of the traditional manufacturing techniques with 3D printing significantly reduces the capital costs, raw material costs, and costs to reclaim scrap, which is expected to positively influence the global metal cutting tools market in the coming years. In terms of materials, the global metal cutting tools market is categorized into carbide, ceramics, CBN & PCD, and others.Among the materials, the carbide category is predicted to grow at a healthy pace and continue its dominance as the largest material segment over the course of the next five years.
In term of process segmentation, the milling process occupied the largest share, followed by turning process in 2018. From the geographical perspective, the global metal cutting tools market is categorized into Asia-Pacific, North America, Europe, Middle East & Africa and South America.Among these, North America region is expected to dominate the metal cutting tools market during the forecast period.
However, Asia-Pacific is expected to witness fastest growth among all the region over the next five years. The global metal cutting market is highly fragmented with the presence of numerous players. Some of the major players operating in the global metal cutting market are Sandvik, ISCAR, Kennametal, OSG USA INC., Tungaloy Corporation, Hitachi Metals, Sumitomo Electric, among others.
• To analyze and forecast the market size of global metal cutting tools market • To forecast global metal cutting tools market based on material, process, end-use and regional distribution • To identify drivers and challenges for global metal cutting tools market • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. In global metal cutting tools market • To conduct the pricing analysis for global metal cutting tools market • To identify and analyze the profile of leading players operating in the global metal cutting tools market The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of Metal Cutting Tools manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the suppliers which could not be identified due to the limitations of secondary research. The analyst examined the product offerings, distribution channels and presence of all major Metal Cutting Tools manufacturers across the globe. The analyst calculated global metal cutting tools market size using both top-down and bottom-up approach, where data for various end user industries and its End-Use across various types were recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these types and End-Uses for getting an appropriate, overall market size.
Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by the analyst.
Key Target Audience:
• Metal cutting tools manufacturers, suppliers, distributors and other stakeholders • Major end users • Organizations, forums and alliances related to metal cutting tools market • Government bodies such as regulating authorities and policy makers • Market research and consulting firms The study is useful in providing answers to several critical questions that are important for the industry stakeholders, besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global metal cutting tools market has been segmented into following categories, in addition to the industry trends which have also been detailed below: • Market, By Material o Carbide o Ceramics o CBN & PCD o Others (HSS, Cast Alloys) • Market, By Process o Milling o Turning o Drilling o Rotary o Others • Market, By End-Use o Automotive o Aerospace & Defense o Energy o Others • Market, By Region: o North America United States Canada Mexico o Asia Pacific China Japan India South Korea Indonesia o Europe Germany France United Kingdom Russia Italy o Middle East & Africa South Africa Saudi Arabia UAE Iraq o South America Brazil Argentina Colombia Peru
Company Profiles: Detailed analysis of the major companies present in global metal cutting tools market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Our reports have been used by over 10K customers, including:
181 pages •
By Future Market Insight Global & Consulting Pvt Ltd
• Dec 2019
A new report on the EUV lithography market provides detailed insights on key factors affecting the growth of the EUV lithography market, along with historical trends, future growth prospects, market dynamics, competition analysis, and region-wise market breakdown. The research report contains exhaustive market analysis, achieved through meticulous...
The automotive parts aluminum die casting market (henceforth, referred to as the market studied) is expected to reach a CAGR of over 7.5%, during the forecast period. - The market studied is largely driven by supply chain complexities in the die casting industry, expanding automotive market, increasing penetration of die casting parts...
The Global Metal Finishing Chemicals Market size is expected to reach $13.6 billion by 2025, rising at a market growth of 5.13% CAGR during the forecast period. Metal surface finishing is an industrial process that modifies a manufactured item’s surface to obtain a specific property. Metal finishing chemicals change the surface of metal products...
351 pages •
By Global Industry Analysts
• Feb 2020
Electrical Steel market worldwide is projected to grow by US$17.8 Billion, driven by a compounded growth of 6.7%. Grain-Oriented, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the...
Market Overview The graphite market is expected to register a CAGR of over 5.5% during the forecast period. The major factors driving the growth of the market studied include augmenting demand from the burgeoning lithium-ion (Li-ion) battery and growth in steel production of Asia & Middle-East. - On the flipside,...
138 pages •
By Transparency Market Research
• Dec 2019
Resistance Spot Welding Machines Market – Scope of the Report The analyst’s recent report on the resistance spot welding machines market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape.This study on the resistance spot welding machines market analyzes the...
153 pages •
By Infiniti Research Limited
• Dec 2019
Global Carbon Steel Market: About this market This carbon steel market analysis considers sales from construction, shipbuilding, automotive, and other end-users. Our study also finds the sales of carbon steel s in APAC, Europe, MEA, North America, and South America. In 2019, the construction segment had a significant market...
173 pages •
By Global Industry Analysts
• Feb 2020
Pipes and Pipe/Hose Fittings market worldwide is projected to grow by US$97.8 Billion, driven by a compounded growth of 4.7%. Steel, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of...
Die Casting Machines Market by Type (Cold Chamber Die Casting Machine, Hot Chamber Die Casting Machine, and Gravity Die Casting Machine), Material (Aluminum, Zinc, Magnesium, and Others), and End-User (Transportation, Mechanical & Manufacturing Equipment, Building & Construction, and Others): Global Opportunity Analysis and Industry...
Abstract Grinding Media Procurement in the US This report is intended to assist buyers of grinding media, including metallic and nonmetallic media. Grinding media includes metallic and nonmetallic products that are used in the production of other manufactured goods, such as silica sand, plastic and paper products,...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.