The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Synopsis
In the context of machining, a cutting tool or cutter 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, planing and similar operations, and remove material by means of one cutting edge. Machinery Industry and drilling tools are often multipoint tools. Energy Industry 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.
The global Cutting Tools market size is expected to reach US$ 35540 million by 2029, growing at a CAGR of 5.9% from 2023 to 2029. The market is mainly driven by the significant applications of Cutting Tools in various end use industries.
The expanding demands from the Machinery, Automotive, Aerospace and Energy, are propelling Cutting Tools market. Cemented Carbide, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the High Speed Steel segment is estimated at % CAGR for the next seven-year period.
Global cutting tools key players include Sandvik, IMC Group, Mitsubishi, Kennametal, OSG etc. Global top 5 manufacturers hold a share over 40%.
Europe is the largest market, with a share about 30%, followed by North America and China, both have a share over 48% percent.
In terms of product, high speed steel is the largest segment, with a share over 45%. And in terms of application, the largest application is machinery, followed by automotive.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Cutting Tools, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Cutting Tools market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Cutting Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Cutting Tools sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Cutting Tools covered in this report include Sandvik, IMC Group, Mitsubishi, Kennametal, OSG, Sumitomo Electric, Mapal, Kyocera and YG-1, etc.
The global Cutting Tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
- Sandvik
- IMC Group
- Mitsubishi
- Kennametal
- OSG
- Sumitomo Electric
- Mapal
- Kyocera
- YG-1
- Nachi-Fujikoshi
- ZCC·CT
- Union Tool
- Korloy
- LMT
- Ceratizit
- Jiangsu Tiangong Tools Co., Ltd.
- Shanghai Tool Works Co., Ltd.
- OKE Precision Cutting Tools Co., Ltd.
- Guhring
- Tivoly
Global Cutting Tools market, by region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, etc.)
- Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
- South America (Brazil, etc.)
- Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Cutting Tools market, Segment by Type:
- Cemented Carbide
- High Speed Steel
- Ceramics
- Diamond
- Others
Global Cutting Tools market, by Application
- Machinery
- Automotive
- Aerospace
- Energy
- Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Cutting Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Cutting Tools in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Cutting Tools Market Overview
1.1 Cutting Tools Product Overview
1.2 Cutting Tools Market Segment by Type
1.2.1 Cemented Carbide
1.2.2 High Speed Steel
1.2.3 Ceramics
1.2.4 Diamond
1.2.5 Others
1.3 Global Cutting Tools Market Size by Type
1.3.1 Global Cutting Tools Market Size Overview by Type (2018-2029)
1.3.2 Global Cutting Tools Historic Market Size Review by Type (2018-2023)
1.3.3 Global Cutting Tools Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Cutting Tools Sales Breakdown by Type (2018-2023)
1.4.2 Europe Cutting Tools Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Cutting Tools Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Cutting Tools Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Cutting Tools Sales Breakdown by Type (2018-2023)
2 Global Cutting Tools Market Competition by Company
2.1 Global Top Players by Cutting Tools Sales (2018-2023)
2.2 Global Top Players by Cutting Tools Revenue (2018-2023)
2.3 Global Top Players by Cutting Tools Price (2018-2023)
2.4 Global Top Manufacturers Cutting Tools Manufacturing Base Distribution, Sales Area, Product Type
2.5 Cutting Tools Market Competitive Situation and Trends
2.5.1 Cutting Tools Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Cutting Tools Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Cutting Tools as of 2022)
2.7 Date of Key Manufacturers Enter into Cutting Tools Market
2.8 Key Manufacturers Cutting Tools Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Cutting Tools Status and Outlook by Region
3.1 Global Cutting Tools Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Cutting Tools Historic Market Size by Region
3.2.1 Global Cutting Tools Sales in Volume by Region (2018-2023)
3.2.2 Global Cutting Tools Sales in Value by Region (2018-2023)
3.2.3 Global Cutting Tools Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Cutting Tools Forecasted Market Size by Region
3.3.1 Global Cutting Tools Sales in Volume by Region (2024-2029)
3.3.2 Global Cutting Tools Sales in Value by Region (2024-2029)
3.3.3 Global Cutting Tools Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Cutting Tools by Application
4.1 Cutting Tools Market Segment by Application
4.1.1 Machinery
4.1.2 Automotive
4.1.3 Aerospace
4.1.4 Energy
4.1.5 Others
4.2 Global Cutting Tools Market Size by Application
4.2.1 Global Cutting Tools Market Size Overview by Application (2018-2029)
4.2.2 Global Cutting Tools Historic Market Size Review by Application (2018-2023)
4.2.3 Global Cutting Tools Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Cutting Tools Sales Breakdown by Application (2018-2023)
4.3.2 Europe Cutting Tools Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Cutting Tools Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Cutting Tools Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Cutting Tools Sales Breakdown by Application (2018-2023)
5 North America Cutting Tools by Country
5.1 North America Cutting Tools Historic Market Size by Country
5.1.1 North America Cutting Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Cutting Tools Sales in Volume by Country (2018-2023)
5.1.3 North America Cutting Tools Sales in Value by Country (2018-2023)
5.2 North America Cutting Tools Forecasted Market Size by Country
5.2.1 North America Cutting Tools Sales in Volume by Country (2024-2029)
5.2.2 North America Cutting Tools Sales in Value by Country (2024-2029)
6 Europe Cutting Tools by Country
6.1 Europe Cutting Tools Historic Market Size by Country
6.1.1 Europe Cutting Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Cutting Tools Sales in Volume by Country (2018-2023)
6.1.3 Europe Cutting Tools Sales in Value by Country (2018-2023)
6.2 Europe Cutting Tools Forecasted Market Size by Country
6.2.1 Europe Cutting Tools Sales in Volume by Country (2024-2029)
6.2.2 Europe Cutting Tools Sales in Value by Country (2024-2029)
7 Asia-Pacific Cutting Tools by Region
7.1 Asia-Pacific Cutting Tools Historic Market Size by Region
7.1.1 Asia-Pacific Cutting Tools Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Cutting Tools Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Cutting Tools Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Cutting Tools Forecasted Market Size by Region
7.2.1 Asia-Pacific Cutting Tools Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Cutting Tools Sales in Value by Region (2024-2029)
8 Latin America Cutting Tools by Country
8.1 Latin America Cutting Tools Historic Market Size by Country
8.1.1 Latin America Cutting Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Cutting Tools Sales in Volume by Country (2018-2023)
8.1.3 Latin America Cutting Tools Sales in Value by Country (2018-2023)
8.2 Latin America Cutting Tools Forecasted Market Size by Country
8.2.1 Latin America Cutting Tools Sales in Volume by Country (2024-2029)
8.2.2 Latin America Cutting Tools Sales in Value by Country (2024-2029)
9 Middle East and Africa Cutting Tools by Country
9.1 Middle East and Africa Cutting Tools Historic Market Size by Country
9.1.1 Middle East and Africa Cutting Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Cutting Tools Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Cutting Tools Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Cutting Tools Forecasted Market Size by Country
9.2.1 Middle East and Africa Cutting Tools Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Cutting Tools Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Sandvik
10.1.1 Sandvik Company Information
10.1.2 Sandvik Introduction and Business Overview
10.1.3 Sandvik Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Sandvik Cutting Tools Products Offered
10.1.5 Sandvik Recent Development
10.2 IMC Group
10.2.1 IMC Group Company Information
10.2.2 IMC Group Introduction and Business Overview
10.2.3 IMC Group Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.2.4 IMC Group Cutting Tools Products Offered
10.2.5 IMC Group Recent Development
10.3 Mitsubishi
10.3.1 Mitsubishi Company Information
10.3.2 Mitsubishi Introduction and Business Overview
10.3.3 Mitsubishi Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mitsubishi Cutting Tools Products Offered
10.3.5 Mitsubishi Recent Development
10.4 Kennametal
10.4.1 Kennametal Company Information
10.4.2 Kennametal Introduction and Business Overview
10.4.3 Kennametal Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Kennametal Cutting Tools Products Offered
10.4.5 Kennametal Recent Development
10.5 OSG
10.5.1 OSG Company Information
10.5.2 OSG Introduction and Business Overview
10.5.3 OSG Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.5.4 OSG Cutting Tools Products Offered
10.5.5 OSG Recent Development
10.6 Sumitomo Electric
10.6.1 Sumitomo Electric Company Information
10.6.2 Sumitomo Electric Introduction and Business Overview
10.6.3 Sumitomo Electric Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Sumitomo Electric Cutting Tools Products Offered
10.6.5 Sumitomo Electric Recent Development
10.7 Mapal
10.7.1 Mapal Company Information
10.7.2 Mapal Introduction and Business Overview
10.7.3 Mapal Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Mapal Cutting Tools Products Offered
10.7.5 Mapal Recent Development
10.8 Kyocera
10.8.1 Kyocera Company Information
10.8.2 Kyocera Introduction and Business Overview
10.8.3 Kyocera Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Kyocera Cutting Tools Products Offered
10.8.5 Kyocera Recent Development
10.9 YG-1
10.9.1 YG-1 Company Information
10.9.2 YG-1 Introduction and Business Overview
10.9.3 YG-1 Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.9.4 YG-1 Cutting Tools Products Offered
10.9.5 YG-1 Recent Development
10.10 Nachi-Fujikoshi
10.10.1 Nachi-Fujikoshi Company Information
10.10.2 Nachi-Fujikoshi Introduction and Business Overview
10.10.3 Nachi-Fujikoshi Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Nachi-Fujikoshi Cutting Tools Products Offered
10.10.5 Nachi-Fujikoshi Recent Development
10.11 ZCC·CT
10.11.1 ZCC·CT Company Information
10.11.2 ZCC·CT Introduction and Business Overview
10.11.3 ZCC·CT Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.11.4 ZCC·CT Cutting Tools Products Offered
10.11.5 ZCC·CT Recent Development
10.12 Union Tool
10.12.1 Union Tool Company Information
10.12.2 Union Tool Introduction and Business Overview
10.12.3 Union Tool Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Union Tool Cutting Tools Products Offered
10.12.5 Union Tool Recent Development
10.13 Korloy
10.13.1 Korloy Company Information
10.13.2 Korloy Introduction and Business Overview
10.13.3 Korloy Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Korloy Cutting Tools Products Offered
10.13.5 Korloy Recent Development
10.14 LMT
10.14.1 LMT Company Information
10.14.2 LMT Introduction and Business Overview
10.14.3 LMT Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.14.4 LMT Cutting Tools Products Offered
10.14.5 LMT Recent Development
10.15 Ceratizit
10.15.1 Ceratizit Company Information
10.15.2 Ceratizit Introduction and Business Overview
10.15.3 Ceratizit Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Ceratizit Cutting Tools Products Offered
10.15.5 Ceratizit Recent Development
10.16 Jiangsu Tiangong Tools Co., Ltd.
10.16.1 Jiangsu Tiangong Tools Co., Ltd. Company Information
10.16.2 Jiangsu Tiangong Tools Co., Ltd. Introduction and Business Overview
10.16.3 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Products Offered
10.16.5 Jiangsu Tiangong Tools Co., Ltd. Recent Development
10.17 Shanghai Tool Works Co., Ltd.
10.17.1 Shanghai Tool Works Co., Ltd. Company Information
10.17.2 Shanghai Tool Works Co., Ltd. Introduction and Business Overview
10.17.3 Shanghai Tool Works Co., Ltd. Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Shanghai Tool Works Co., Ltd. Cutting Tools Products Offered
10.17.5 Shanghai Tool Works Co., Ltd. Recent Development
10.18 OKE Precision Cutting Tools Co., Ltd.
10.18.1 OKE Precision Cutting Tools Co., Ltd. Company Information
10.18.2 OKE Precision Cutting Tools Co., Ltd. Introduction and Business Overview
10.18.3 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.18.4 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Products Offered
10.18.5 OKE Precision Cutting Tools Co., Ltd. Recent Development
10.19 Guhring
10.19.1 Guhring Company Information
10.19.2 Guhring Introduction and Business Overview
10.19.3 Guhring Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Guhring Cutting Tools Products Offered
10.19.5 Guhring Recent Development
10.20 Tivoly
10.20.1 Tivoly Company Information
10.20.2 Tivoly Introduction and Business Overview
10.20.3 Tivoly Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Tivoly Cutting Tools Products Offered
10.20.5 Tivoly Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Cutting Tools Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Cutting Tools Industrial Chain Analysis
11.4 Cutting Tools Market Dynamics
11.4.1 Cutting Tools Industry Trends
11.4.2 Cutting Tools Market Drivers
11.4.3 Cutting Tools Market Challenges
11.4.4 Cutting Tools Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Cutting Tools Distributors
12.3 Cutting Tools Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
Why ‘The Market Reports’
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Industrial Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
