Global Turning Tools Market Size study, by Type, by Application, by End-user industry and Regional Forecasts 2022-2032

Description

List of Tables

Global Turning Tools Market is valued approximately at USD 6221.3 million in 2023 and is anticipated to grow with a healthy growth rate of more than 8.30% over the forecast period 2024-2032. Turning is a machining process used to create cylindrical components by removing material from a workpiece using rotating cutting tools. Global Turning Tools Market include tools specifically designed for turning operations in machining processes. Turning tools are essential in industries such as automotive, aerospace, construction, and general manufacturing, where precision and efficiency in machining are crucial. The Global Turning Tools Market encompasses various types of turning tools, including lathe tools, inserts, holders, chucks, and accessories, catering to a wide range of turning applications and machining requirements. Key players in the market using various initiative contribute to the development and utilization of turning tools in manufacturing operations globally.

Growing use of computer numerical control (CNC) equipment for turning operations is one of the factors driving demand for the Global Turning Tools Market. CNC machines are becoming more and more important to a variety of industries, from aerospace to automotive. It provides precision, efficiency, and diversity in machining processes. The increased use of CNCs has made turning tools more important, as they must be able to meet the high requirements of accuracy and efficiency set by these sophisticated machines. For instance, in June 2023, DMG Mori launched CNC turning centers, T1 and T2. According to the company, machines equipped with 12-station turret, VDI 40 on the bigger model and VDI 30 tooling on the smaller lathe. Furthermore, high-speed machining made possible by CNC technology leads to quicker production cycles and higher productivity, which in turn increases the demand for turning tools made of materials that can tolerate faster cutting rates without sacrificing uniformity and quality. However, high initial investment and a quality concern will stifle market growth between 2022 and 2032.

The key regions considered for the global Turning Tools market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia-Pacific was the largest regional market in terms of revenue and expected to grow at the fastest rate over the forecast period. Countries such as China, Japan, South Korea, and India, has a key manufacturing hub across the Asia Pacific region for various industries including automotive, electronics, aerospace, and machinery. This robust manufacturing activity fuels demand for Global Turning Tools Market across a wide range of applications.

Major market player included in this report are:

WNT Tools India Private Limited
CERATIZIT S.A.
ALESA AG
Walter Tools,
Hanjiang Tool Co., Ltd.
ISCAR LTD.
Kennametal Inc.
Dormer Pramet s.r.o.
Shanghai Tool Works Co.Ltd
Ingersoll Cutting Tool Company

The detailed segments and sub-segment of the market are explained below:

By Type

Rough turning tools
Finish turning tools

By Application

Conventional lathe machine
CNC lathe machine

By End-User Industry

Automotive
Electronics and electrical
Aerospace
Construction and mining
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1.Global Turning Tools Market Definition and Research Assumptions

1.1.Research Objective
1.2.Market Definition
1.3.Research Assumptions
- 1.3.1.Inclusion & Exclusion
- 1.3.2.Limitations
- 1.3.3.Supply Side Analysis
  - 1.3.3.1.Availability
  - 1.3.3.2.Infrastructure
  - 1.3.3.3.Regulatory Environment
  - 1.3.3.4.Market Competition
  - 1.3.3.5.Economic Viability (Consumer's Perspective)
- 1.3.4.Demand Side Analysis
  - 1.3.4.1.Regulatory frameworks
  - 1.3.4.2.Technological Advancements
  - 1.3.4.3.Environmental Considerations
  - 1.3.4.4.Consumer Awareness & Acceptance
1.4.Estimation Methodology
1.5.Years Considered for the Study
1.6.Currency Conversion Rates

Chapter 2.Executive Summary

2.1.Global Turning Tools Market Size & Forecast (2022- 2032)
2.2.Regional Summary
2.3.Segmental Summary
- 2.3.1.By Type
- 2.3.2.By Application
- 2.3.3.End-User Industry
2.4.Key Trends
2.5.Recession Impact
2.6.Analyst Recommendation & Conclusion

Chapter 3.Global Turning Tools Market Dynamics

3.1.Market Drivers
3.2.Market Challenges
3.3.Market Opportunities

Chapter 4.Global Turning Tools Market: Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.1.6.Futuristic Approach to Porter's 5 Force Model
- 4.1.7.Porter's 5 Force Impact Analysis
4.2.PESTEL Analysis
- 4.2.1.Political
- 4.2.2.Economic
- 4.2.3.Social
- 4.2.4.Technological
- 4.2.5.Environmental
- 4.2.6.Legal
4.3.Top investment opportunity
4.4.Top winning strategies
4.5.Disruptive Trends
4.6.Industry Expert Perspective
4.7.Analyst Recommendation & Conclusion

Chapter 5.Global Turning Tools Market Size & Forecasts by Type 2022-2032

5.1.Rough turning tools
5.2.Finish turning tools

Chapter 6.Global Turning Tools Market Size & Forecasts by Application 2022-2032

6.1.Conventional lathe machine
6.2.CNC lathe machine

Chapter 7.Global Turning Tools Market Size & Forecasts by End-User Industry 2022-2032

7.1.Automotive
7.2.Electronics and electrical
7.3.Aerospace
7.4.Construction and mining
7.5.Others

Chapter 8.Global Turning Tools Market Size & Forecasts by Region 2022-2032

8.1.North America Turning Tools Market
- 8.1.1.U.S. Turning Tools Market
  - 8.1.1.1.Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2.Application breakdown size & forecasts, 2022-2032
  - 8.1.1.3.End-User Industry breakdown size & forecasts, 2022-2032
- 8.1.2.Canada Turning Tools Market
8.2.Europe Turning Tools Market
- 8.2.1.U.K. Turning Tools Market
- 8.2.2.Germany Turning Tools Market
- 8.2.3.France Turning Tools Market
- 8.2.4.Spain Turning Tools Market
- 8.2.5.Italy Turning Tools Market
- 8.2.6.Rest of Europe Turning Tools Market
8.3.Asia-Pacific Turning Tools Market
- 8.3.1.China Turning Tools Market
- 8.3.2.India Turning Tools Market
- 8.3.3.Japan Turning Tools Market
- 8.3.4.Australia Turning Tools Market
- 8.3.5.South Korea Turning Tools Market
- 8.3.6.Rest of Asia Pacific Turning Tools Market
8.4.Latin America Turning Tools Market
- 8.4.1.Brazil Turning Tools Market
- 8.4.2.Mexico Turning Tools Market
- 8.4.3.Rest of Latin America Turning Tools Market
8.5.Middle East & Africa Turning Tools Market
- 8.5.1. Saudi Arabia Turning Tools Market
- 8.5.2. South Africa Turning Tools Market
- 8.5.3.Rest of Middle East & Africa Turning Tools Market

Chapter 9.Competitive Intelligence

9.1.Key Company SWOT Analysis
9.2.Top Market Strategies
9.3.Company Profiles
- 9.3.1.WNT Tools India Pvt Ltd
  - 9.3.1.1.Key Information
  - 9.3.1.2.Overview
  - 9.3.1.3.Financial (Subject to Data Availability)
  - 9.3.1.4.Product Summary
  - 9.3.1.5.Market Strategies
- 9.3.2.Ceratizit
- 9.3.3.ALESA AG
- 9.3.4.Walter Tools
- 9.3.5.Hanjiang Tool Co.Ltd.
- 9.3.6.ISCAR LTD.
- 9.3.7.Kennametal Foundation
- 9.3.8.Dormer Pramet s.r.o
- 9.3.9.Shanghai Tool Works Co. Ltd
- 9.3.10.Ingersoll Cutting Tool Company

Chapter 10.Research Process

10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
10.2.Research Attributes

LIST OF TABLES

TABLE 1.Global Turning Tools market, report scope
TABLE 2.Global Turning Tools market estimates & forecasts by Region 2022-2032 (USD Million)
TABLE 3.Global Turning Tools market estimates & forecasts by Type 2022-2032 (USD Million)
TABLE 4.Global Turning Tools market estimates & forecasts by Application 2022-2032 (USD Million)
TABLE 5.Global Turning Tools market estimates & forecasts by End-User Industry 2022-2032 (USD Million)
TABLE 6.Global Turning Tools market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7.Global Turning Tools market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8.Global Turning Tools market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9.Global Turning Tools market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10.Global Turning Tools market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 11.Global Turning Tools market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 12.Global Turning Tools market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 13.Global Turning Tools market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 14.Global Turning Tools market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 15.Global Turning Tools market by region, estimates & forecasts, 2022-2032 (USD Million)
TABLE 16.U.S. Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 17.U.S. Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 18.U.S. Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 19.Canada Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 20.Canada Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 21.Canada Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 22.UK Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 23.UK Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 24.UK Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 25.Germany Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 26.Germany Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 27.Germany Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 28.France Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 29.France Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 30.France Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 31.Italy Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 32.Italy Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 33.Italy Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 34.Spain Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 35.Spain Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 36.Spain Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 37.RoE Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 38.RoE Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 39.RoE Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 40.China Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 41.China Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 42.China Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 43.India Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 44.India Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 45.India Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 46.Japan Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 47.Japan Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 48.Japan Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 49.Australia Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 50.Australia Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 51.Australia Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 52.South Korea Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 53.South Korea Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 54.South Korea Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 55.
TABLE 56.RoAPAC Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 57.RoAPAC Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 58.RoAPAC Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 59.Brazil Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 60.Brazil Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 61.Brazil Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 62.Mexico Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 63.Mexico Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 64.Mexico Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 65.RoLA Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 66.RoLA Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 67.RoLA Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 68.Saudi Arabia Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 69.Saudi Arabia Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 70.Saudi Arabia Turning Tools market estimates & forecasts, 2022-2032 (USD Million)
TABLE 71.South Africa Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 72.
TABLE 73.South Africa Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 74.South Africa Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 75.RoMEA Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 76.RoMEA Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 77.RoMEA Turning Tools market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 78.List of secondary sources, used in the study of Global Turning Tools Market.
TABLE 79.List of primary sources, used in the study of Global Turning Tools Market.
TABLE 80.Years considered for the study.
TABLE 81.Exchange rates considered.

LIST OF FIGURES

FIG 1.Global Turning Tools market, research methodology
FIG 2.Global Turning Tools market, market estimation techniques
FIG 3.Global market size estimates & forecast methods.
FIG 4.Global Turning Tools market, key trends 2023
FIG 5.Global Turning Tools market, growth prospects 2022-2032
FIG 6.Global Turning Tools market, porters 5 force model
FIG 7.Global Turning Tools market, pestel analysis
FIG 8.Global Turning Tools market, value chain analysis
FIG 9.Global Turning Tools market by segment, 2022 & 2032 (USD Million)
FIG 10.Global Turning Tools market by segment, 2022 & 2032 (USD Million)
FIG 11.Global Turning Tools market by segment, 2022 & 2032 (USD Million)
FIG 12.Global Turning Tools market by segment, 2022 & 2032 (USD Million)
FIG 13.Global Turning Tools market by segment, 2022 & 2032 (USD Million)
FIG 14.Global Turning Tools market, regional snapshot 2022 & 2032
FIG 15.North America Turning Tools market 2022 & 2032 (USD Million)
FIG 16.Europe Turning Tools market 2022 & 2032 (USD Million)
FIG 17.Asia pacific Turning Tools market 2022 & 2032 (USD Million)
FIG 18.Latin America Turning Tools market 2022 & 2032 (USD Million)
FIG 19.Middle East & Africa Turning Tools market 2022 & 2032 (USD Million)
FIG 20.Global Turning Tools market, company market share analysis (2023)