Report overview
Cutting tool, also known as cutter, in industrial terms is any tool which is used to remove material from the work piece by means of shear deformation. Cutting or removal of material can be done by single-point or multipoint tools. Single-point tools are used in turning, shaping, planning and similar operations, and remove material by means of one cutting edge whereas milling and drilling tools are often multipoint tools. Grinding tools are also multipoint tools.
This report contains market size and forecasts of Material Removal Tools in global, including the following market information:
Global Material Removal Tools Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Material Removal Tools Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Material Removal Tools companies in 2021 (%)
The global Material Removal Tools market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
High Speed Steel Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Material Removal Tools include DMG MORI, Dalian Machine Tool, Makita, Robert Bosch, SMTCL, Allied Machine & Engineering, Amada, Atlas Copco and BAIER, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Material Removal Tools manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Material Removal Tools Market, by Material, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Material Removal Tools Market Segment Percentages, by Material, 2021 (%)
High Speed Steel
Ceramics
Cermets
CBN
Diamond
Others
Global Material Removal Tools Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Material Removal Tools Market Segment Percentages, by Application, 2021 (%)
Aerospace
Automotive
Chemical Processing
Communications
Construction
Defense & Military
Electronics
Medical
Others
Global Material Removal Tools Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Material Removal Tools Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Material Removal Tools revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Material Removal Tools revenues share in global market, 2021 (%)
Key companies Material Removal Tools sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Material Removal Tools sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
DMG MORI
Dalian Machine Tool
Makita
Robert Bosch
SMTCL
Allied Machine & Engineering
Amada
Atlas Copco
BAIER
Beijing No.1 Machine Tool
Casals
Craftsman
Doosan Infracore
Fair Friend
FANUC
Freudenberg
