Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1529059

Cover Image

PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1529059

Metal Cutting Tools Market Size - By Tool (Indexable, Solid), By Process (Milling, Drilling, Boring, Turning, Grinding, Others), By End-use, Regional Outlook & Forecast, 2024 - 2032

PUBLISHED:
PAGES: 487 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
PDF & Excel (Single User License)
USD 4850
PDF & Excel (Multi User License)
USD 5350
PDF & Excel (Enterprise User License)
USD 8350

Add to Cart

Metal Cutting Tools Market size is projected to grow at 5% CAGR from 2024 to 2032, due to increasing demand from automotive, aerospace, and defense sectors for precision components.

Significant advancements in manufacturing technologies, such as CNC machines and automation, are driving the need for high-performance cutting tools. The rising industrialization and infrastructure development in emerging economies are promoting innovations in the industry. For instance, in December 2023, Dormer Pramet, a manufacturer of cutting tools, launched a new product line tailored for the Indian market. The lineup features advanced milling, turning, drilling, and tapping tool holders, as well as various collets and accessories, designed for both traditional setups and modern CNC centers.

The growing trend of lightweight materials in manufacturing is also necessitating the need for specialized cutting tools. Innovations in tool materials and coatings are improving tool life and efficiency. The increasing push for improved productivity and cost-efficiency in manufacturing processes is further contributing to the industry growth.

The metal-cutting tools market is segregated into tool, process, material, application, distribution channel, and region.

Based on the process, the market size from the drilling segment is estimated to grow at a notable rate between 2024 and 2032, on account of the increasing demand for precision holes in the automotive and aerospace sectors. The growing adoption of CNC machines for enhanced accuracy is fueling the demand for these tools for drilling. The rise in infrastructure projects and the use of advanced materials requiring specialized drilling tools is also accelerating product deployment.

With respect to application, the metal-cutting tools market from the aerospace & defense segment will expand at a significant rate between 2024 and 2032, due to the increasing demand for high-precision components. The rise in aircraft production and defense projects is accelerating product usage in these sectors. The growing adoption of advanced manufacturing technologies, such as CNC machining and automation is also enhancing efficiency and accuracy, pushing the segment growth.

Regionally, the Asia Pacific metal cutting tools industry is projected to showcase strong growth from 2024 to 2032, driven by rapid industrialization, expanding automotive and aerospace sectors, and increasing infrastructure development. The rising demand for precision manufacturing, coupled with advancements in CNC machining and automation is spurring the product demand in the region. The strong economic growth, supportive government policies, and increasing investments in advanced manufacturing technologies are driving the regional market progression.

Product Code: 5619

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market scope & definitions
  • 1.2 Base estimates & calculations
  • 1.3 Forecast calculations
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
      • 1.4.2.1 Paid sources
      • 1.4.2.2 Public sources

Chapter 2 Executive Summary

  • 2.1 Industry 360° synopsis, 2021-2032

Chapter 3 Industry Insights

  • 3.1 Industry ecosystem analysis
    • 3.1.1 Factor affecting the value chain
    • 3.1.2 Profit margin analysis
    • 3.1.3 Disruptions
    • 3.1.4 Future outlook
    • 3.1.5 Manufacturers
    • 3.1.6 Distributors
  • 3.2 Regulatory landscape
  • 3.3 Impact forces
    • 3.3.1 Growth drivers
      • 3.3.1.1 Growing manufacturing sector
      • 3.3.1.2 Increasing urbanization activities
      • 3.3.1.3 Growing metal evolution
      • 3.3.1.4 Technological advancements
    • 3.3.2 Industry pitfalls & challenges
      • 3.3.2.1 Intense competition and market saturation
      • 3.3.2.2 Fluctuations in raw material prices
  • 3.4 Growth potential analysis
  • 3.5 Technological landscape
  • 3.6 Trade analysis (HS Code- 8203)
    • 3.6.1 Top 10 Export countries
    • 3.6.2 Top 10 Import countries
  • 3.7 Porter's analysis
  • 3.8 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

  • 4.1 Introduction
  • 4.2 Company market share analysis
  • 4.3 Competitive positioning matrix
  • 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Tool, 2021-2032 (USD Billion) (Million Units)

  • 5.1 Key trends
  • 5.2 Indexable
  • 5.3 Solid

Chapter 6 Market Estimates & Forecast, By Process, 2021-2032 (USD Billion) (Million Units)

  • 6.1 Key trends
  • 6.2 Milling
  • 6.3 Drilling
  • 6.4 Boring
  • 6.5 Turning
  • 6.6 Grinding
  • 6.7 Others

Chapter 7 Market Estimates & Forecast, By Material, 2021-2032 (USD Billion) (Million Units)

  • 7.1 Key trends
  • 7.2 Carbide
  • 7.3 High speed steel
  • 7.4 Stainless steel
  • 7.5 Ceramics
  • 7.6 Others

Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion) (Million Units)

  • 8.1 Key trends
  • 8.2 Automotive
  • 8.3 Aerospace & defense
  • 8.4 Oil & gas
  • 8.5 General machining
  • 8.6 Medical
  • 8.7 Electrical & electronics
  • 8.8 Other

Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Million Units)

  • 9.1 Key trends
  • 9.2 Direct
  • 9.3 Indirect

Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Million Units)

  • 10.1 Key trends
  • 10.2 North America
    • 10.2.1 U.S.
    • 10.2.2 Canada
  • 10.3 Europe
    • 10.3.1 UK
    • 10.3.2 Germany
    • 10.3.3 France
    • 10.3.4 Italy
    • 10.3.5 Spain
    • 10.3.6 Russia
    • 10.3.7 Rest of Europe
  • 10.4 Asia Pacific
    • 10.4.1 China
    • 10.4.2 India
    • 10.4.3 Japan
    • 10.4.4 South Korea
    • 10.4.5 Australia
    • 10.4.6 Rest of Asia Pacific
  • 10.5 Latin America
    • 10.5.1 Brazil
    • 10.5.2 Mexico
    • 10.5.3 Rest of Latin America
  • 10.6 MEA
    • 10.6.1 South Africa
    • 10.6.2 Saudi Arabia
    • 10.6.3 UAE
    • 10.6.4 Rest of MEA

Chapter 11 Company Profiles

  • 11.1 Atlas Copco
  • 11.2 Ceratizit Group
  • 11.3 Emerson Electric
  • 11.4 Guhring, Inc.
  • 11.5 Iscar Ltd. (IMC Group)
  • 11.6 Kyocera Corporation
  • 11.7 Mapal Dr. Kress KG
  • 11.8 Nachi-Fujikoshi Corp.
  • 11.9 OSG Corporation
  • 11.10 Robert Bosch Gmbh
  • 11.11 Seco Tools AB
  • 11.12 Stanley Black & Decker, Inc.
  • 11.13 Sumitomo Electric Hardmetal Corporation
  • 11.14 TaeguTec Ltd.
  • 11.15 Walter AG
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!