In the context of machining, a cutting tool is any tool that is used to remove material from the workpiece by means of shear deformation. Cutting may be accomplished by single-point or multipoint tools. Single-point tools are used in turning, shaping, plaining and similar operations, and remove material by means of one cutting edge. Milling and drilling tools are often multipoint tools. Grinding tools are also multipoint tools. Each grain of abrasive functions as a microscopic single-point cutting edge (although of high negative rake angle), and shears a tiny chip.
This report contains market size and forecasts of Metal Cutting Tools in global, including the following market information:
- Global Metal Cutting Tools Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Metal Cutting Tools Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Metal Cutting Tools companies in 2021 (%)
The global Metal Cutting Tools market was valued at 25590 million in 2021 and is projected to reach US$ 35040 million by 2028, at a CAGR of 4.6% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Turning Tool Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Metal Cutting Tools include Mitsubishi Materials, Sandvik, OSG, Sumitomo Electric, Kyocera, IMC Group, Kennametal, Zhuzhou Cemented Carbide Group and Nachi-Fujikoshi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Metal Cutting 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 Metal Cutting Tools Market, Ingecal, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Metal Cutting Tools Market Segment Percentages, Ingecal, 2021 (%)
- Turning Tool
- Milling Tool
- Drilling Tool
- Threading Tools
- Others
Global Metal Cutting Tools Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Metal Cutting Tools Market Segment Percentages, by Application, 2021 (%)
- Automotive
- Machinery
- Electronics
- Chemical
- Railway & Aerospace
- Medical
- Others
Global Metal Cutting Tools Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Metal Cutting 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 Metal Cutting Tools revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Metal Cutting Tools revenues share in global market, 2021 (%)
- Key companies Metal Cutting Tools sales in global market, 2017-2022 (Estimated), (K Units)
- Key companies Metal Cutting Tools sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Mitsubishi Materials
- Sandvik
- OSG
- Sumitomo Electric
- Kyocera
- IMC Group
- Kennametal
- Zhuzhou Cemented Carbide Group
- Nachi-Fujikoshi
- Shanghai Tool
- YG-1
- Union Tool
- Ceratizit
- Mapal
- Korloy
- Xiamen Jinlu
- Tiangong
- DIJET
- LMT
- Beijing Worldia Diamond Tools
- Harbin Measuring & Cutting Tool
