Report overview
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 aims to provide a comprehensive presentation of the global market for Metal Cutting Tools, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Metal Cutting Tools. This report contains market size and forecasts of Metal Cutting Tools in global, including the following market information:
Global Metal Cutting Tools Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Metal Cutting Tools Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Metal Cutting Tools companies in 2022 (%)
The global Metal Cutting Tools market was valued at US$ 25590 million in 2022 and is projected to reach US$ 35040 million by 2029, at a CAGR of 4.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Sandvik, Kennametal, Iscar, OSG and Mitsubishi are the leading metal-cutting tools manufacturers, Sandvik accounting for about 20 percent of the total market.
Europe is the main market with a 20% share, followed by North America with about 18%.
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, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Metal Cutting Tools Market Segment Percentages, Ingecal, 2022 (%)
Turning Tool
Milling Tool
Drilling Tool
Threading Tools
Others
Global Metal Cutting Tools Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Metal Cutting Tools Market Segment Percentages, by Application, 2022 (%)
Automotive
Machinery
Electronics
Chemical
Railway & Aerospace
Medical
Others
Global Metal Cutting Tools Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Metal Cutting Tools Market Segment Percentages, By Region and Country, 2022 (%)
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, 2018-2023 (Estimated), ($ millions)
Key companies Metal Cutting Tools revenues share in global market, 2022 (%)
Key companies Metal Cutting Tools sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Metal Cutting Tools sales share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Metal Cutting Tools, market overview.
Chapter 2: Global Metal Cutting Tools market size in revenue and volume.
Chapter 3: Detailed analysis of Metal Cutting Tools manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by ecal, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Metal Cutting Tools in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Metal Cutting Tools capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
