Report overview
High speed steel tools and carbide tools are widely used machine tools. From which carbide tools are most popular for machining applications. Carbide tools have exceptional characteristics like wear resistance, material strength, chemical inertness and other superior properties.
This report contains market size and forecasts of Tungsten Carbide Tool in global, including the following market information:
Global Tungsten Carbide Tool Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Tungsten Carbide Tool Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Tungsten Carbide Tool companies in 2021 (%)
The global Tungsten Carbide Tool 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.
Steel-grade Carbides Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Tungsten Carbide Tool include Mitsubishi Materials Corporation, Rock River Tool, Advent Tool & Manufacturing, PROMAX Tools, Garr Tool, Tunco Manufacturing, Ingersoll Cutting Tool Company, Best Carbide Cutting Tools and Vora Industries, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Tungsten Carbide Tool 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 Tungsten Carbide Tool Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Tungsten Carbide Tool Market Segment Percentages, by Type, 2021 (%)
Steel-grade Carbides
Cast-iron Carbides
Global Tungsten Carbide Tool Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Tungsten Carbide Tool Market Segment Percentages, by Application, 2021 (%)
Cutting
Chamfering
Drilling
Engraving
Grooving
Other
Global Tungsten Carbide Tool Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Tungsten Carbide Tool 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 Tungsten Carbide Tool revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Tungsten Carbide Tool revenues share in global market, 2021 (%)
Key companies Tungsten Carbide Tool sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Tungsten Carbide Tool sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Mitsubishi Materials Corporation
Rock River Tool
Advent Tool & Manufacturing
PROMAX Tools
Garr Tool
Tunco Manufacturing
Ingersoll Cutting Tool Company
Best Carbide Cutting Tools
Vora Industries
CERATIZIT
SGS Tool
Sandvic
