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Global Cutting Tools Market Research Report 2024

Global Cutting Tools Market Research Report 2024

Publishing Date : Jan, 2024

License Type :
 

Report Code : 1393291

No of Pages : 129

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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 was valued at US$ 23990 million in 2023 and is anticipated to reach US$ 35540 million by 2030, witnessing a CAGR of 5.9% during the forecast period 2024-2030.

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.

This report aims to provide a comprehensive presentation of the global market for 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 Cutting Tools.

Report Scope

The Cutting Tools market size, estimations, and forecasts are provided in terms of output/shipments (M Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Cutting Tools market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Cutting Tools manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company

  • 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

Segment by Type

  • Cemented Carbide
  • High Speed Steel
  • Ceramics
  • Diamond
  • Others

Segment by Application

  • Machinery
  • Automotive
  • Aerospace
  • Energy
  • Others

Production by Region

  • North America
  • Europe
  • China
  • Japan
  • South Korea
  • Israel

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Netherlands)
  • Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
  • Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Cutting Tools manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Cutting Tools by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of 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, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.

Index

1 Cutting Tools Market Overview
1.1 Product Definition
1.2 Cutting Tools Segment by Type
1.2.1 Global Cutting Tools Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Cemented Carbide
1.2.3 High Speed Steel
1.2.4 Ceramics
1.2.5 Diamond
1.2.6 Others
1.3 Cutting Tools Segment by Application
1.3.1 Global Cutting Tools Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Machinery
1.3.3 Automotive
1.3.4 Aerospace
1.3.5 Energy
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Cutting Tools Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Cutting Tools Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Cutting Tools Production Estimates and Forecasts (2019-2030)
1.4.4 Global Cutting Tools Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Cutting Tools Production Market Share by Manufacturers (2019-2024)
2.2 Global Cutting Tools Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Cutting Tools, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Cutting Tools Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Cutting Tools Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Cutting Tools, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Cutting Tools, Product Offered and Application
2.8 Global Key Manufacturers of Cutting Tools, Date of Enter into This Industry
2.9 Cutting Tools Market Competitive Situation and Trends
2.9.1 Cutting Tools Market Concentration Rate
2.9.2 Global 5 and 10 Largest Cutting Tools Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Cutting Tools Production by Region
3.1 Global Cutting Tools Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Cutting Tools Production Value by Region (2019-2030)
3.2.1 Global Cutting Tools Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Cutting Tools by Region (2025-2030)
3.3 Global Cutting Tools Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Cutting Tools Production by Region (2019-2030)
3.4.1 Global Cutting Tools Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Cutting Tools by Region (2025-2030)
3.5 Global Cutting Tools Market Price Analysis by Region (2019-2024)
3.6 Global Cutting Tools Production and Value, Year-over-Year Growth
3.6.1 North America Cutting Tools Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Cutting Tools Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Cutting Tools Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Cutting Tools Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Cutting Tools Production Value Estimates and Forecasts (2019-2030)
3.6.6 Israel Cutting Tools Production Value Estimates and Forecasts (2019-2030)
4 Cutting Tools Consumption by Region
4.1 Global Cutting Tools Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Cutting Tools Consumption by Region (2019-2030)
4.2.1 Global Cutting Tools Consumption by Region (2019-2024)
4.2.2 Global Cutting Tools Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Cutting Tools Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Cutting Tools Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Cutting Tools Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Cutting Tools Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Cutting Tools Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Cutting Tools Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Cutting Tools Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Cutting Tools Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Cutting Tools Production by Type (2019-2030)
5.1.1 Global Cutting Tools Production by Type (2019-2024)
5.1.2 Global Cutting Tools Production by Type (2025-2030)
5.1.3 Global Cutting Tools Production Market Share by Type (2019-2030)
5.2 Global Cutting Tools Production Value by Type (2019-2030)
5.2.1 Global Cutting Tools Production Value by Type (2019-2024)
5.2.2 Global Cutting Tools Production Value by Type (2025-2030)
5.2.3 Global Cutting Tools Production Value Market Share by Type (2019-2030)
5.3 Global Cutting Tools Price by Type (2019-2030)
6 Segment by Application
6.1 Global Cutting Tools Production by Application (2019-2030)
6.1.1 Global Cutting Tools Production by Application (2019-2024)
6.1.2 Global Cutting Tools Production by Application (2025-2030)
6.1.3 Global Cutting Tools Production Market Share by Application (2019-2030)
6.2 Global Cutting Tools Production Value by Application (2019-2030)
6.2.1 Global Cutting Tools Production Value by Application (2019-2024)
6.2.2 Global Cutting Tools Production Value by Application (2025-2030)
6.2.3 Global Cutting Tools Production Value Market Share by Application (2019-2030)
6.3 Global Cutting Tools Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Sandvik
7.1.1 Sandvik Cutting Tools Corporation Information
7.1.2 Sandvik Cutting Tools Product Portfolio
7.1.3 Sandvik Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Sandvik Main Business and Markets Served
7.1.5 Sandvik Recent Developments/Updates
7.2 IMC Group
7.2.1 IMC Group Cutting Tools Corporation Information
7.2.2 IMC Group Cutting Tools Product Portfolio
7.2.3 IMC Group Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.2.4 IMC Group Main Business and Markets Served
7.2.5 IMC Group Recent Developments/Updates
7.3 Mitsubishi
7.3.1 Mitsubishi Cutting Tools Corporation Information
7.3.2 Mitsubishi Cutting Tools Product Portfolio
7.3.3 Mitsubishi Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Mitsubishi Main Business and Markets Served
7.3.5 Mitsubishi Recent Developments/Updates
7.4 Kennametal
7.4.1 Kennametal Cutting Tools Corporation Information
7.4.2 Kennametal Cutting Tools Product Portfolio
7.4.3 Kennametal Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Kennametal Main Business and Markets Served
7.4.5 Kennametal Recent Developments/Updates
7.5 OSG
7.5.1 OSG Cutting Tools Corporation Information
7.5.2 OSG Cutting Tools Product Portfolio
7.5.3 OSG Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.5.4 OSG Main Business and Markets Served
7.5.5 OSG Recent Developments/Updates
7.6 Sumitomo Electric
7.6.1 Sumitomo Electric Cutting Tools Corporation Information
7.6.2 Sumitomo Electric Cutting Tools Product Portfolio
7.6.3 Sumitomo Electric Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Sumitomo Electric Main Business and Markets Served
7.6.5 Sumitomo Electric Recent Developments/Updates
7.7 Mapal
7.7.1 Mapal Cutting Tools Corporation Information
7.7.2 Mapal Cutting Tools Product Portfolio
7.7.3 Mapal Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Mapal Main Business and Markets Served
7.7.5 Mapal Recent Developments/Updates
7.8 Kyocera
7.8.1 Kyocera Cutting Tools Corporation Information
7.8.2 Kyocera Cutting Tools Product Portfolio
7.8.3 Kyocera Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Kyocera Main Business and Markets Served
7.7.5 Kyocera Recent Developments/Updates
7.9 YG-1
7.9.1 YG-1 Cutting Tools Corporation Information
7.9.2 YG-1 Cutting Tools Product Portfolio
7.9.3 YG-1 Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.9.4 YG-1 Main Business and Markets Served
7.9.5 YG-1 Recent Developments/Updates
7.10 Nachi-Fujikoshi
7.10.1 Nachi-Fujikoshi Cutting Tools Corporation Information
7.10.2 Nachi-Fujikoshi Cutting Tools Product Portfolio
7.10.3 Nachi-Fujikoshi Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Nachi-Fujikoshi Main Business and Markets Served
7.10.5 Nachi-Fujikoshi Recent Developments/Updates
7.11 ZCC·CT
7.11.1 ZCC·CT Cutting Tools Corporation Information
7.11.2 ZCC·CT Cutting Tools Product Portfolio
7.11.3 ZCC·CT Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.11.4 ZCC·CT Main Business and Markets Served
7.11.5 ZCC·CT Recent Developments/Updates
7.12 Union Tool
7.12.1 Union Tool Cutting Tools Corporation Information
7.12.2 Union Tool Cutting Tools Product Portfolio
7.12.3 Union Tool Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Union Tool Main Business and Markets Served
7.12.5 Union Tool Recent Developments/Updates
7.13 Korloy
7.13.1 Korloy Cutting Tools Corporation Information
7.13.2 Korloy Cutting Tools Product Portfolio
7.13.3 Korloy Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Korloy Main Business and Markets Served
7.13.5 Korloy Recent Developments/Updates
7.14 LMT
7.14.1 LMT Cutting Tools Corporation Information
7.14.2 LMT Cutting Tools Product Portfolio
7.14.3 LMT Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.14.4 LMT Main Business and Markets Served
7.14.5 LMT Recent Developments/Updates
7.15 Ceratizit
7.15.1 Ceratizit Cutting Tools Corporation Information
7.15.2 Ceratizit Cutting Tools Product Portfolio
7.15.3 Ceratizit Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Ceratizit Main Business and Markets Served
7.15.5 Ceratizit Recent Developments/Updates
7.16 Jiangsu Tiangong Tools Co., Ltd.
7.16.1 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Corporation Information
7.16.2 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Product Portfolio
7.16.3 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Jiangsu Tiangong Tools Co., Ltd. Main Business and Markets Served
7.16.5 Jiangsu Tiangong Tools Co., Ltd. Recent Developments/Updates
7.17 Shanghai Tool Works Co., Ltd.
7.17.1 Shanghai Tool Works Co., Ltd. Cutting Tools Corporation Information
7.17.2 Shanghai Tool Works Co., Ltd. Cutting Tools Product Portfolio
7.17.3 Shanghai Tool Works Co., Ltd. Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Shanghai Tool Works Co., Ltd. Main Business and Markets Served
7.17.5 Shanghai Tool Works Co., Ltd. Recent Developments/Updates
7.18 OKE Precision Cutting Tools Co., Ltd.
7.18.1 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Corporation Information
7.18.2 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Product Portfolio
7.18.3 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.18.4 OKE Precision Cutting Tools Co., Ltd. Main Business and Markets Served
7.18.5 OKE Precision Cutting Tools Co., Ltd. Recent Developments/Updates
7.19 Guhring
7.19.1 Guhring Cutting Tools Corporation Information
7.19.2 Guhring Cutting Tools Product Portfolio
7.19.3 Guhring Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.19.4 Guhring Main Business and Markets Served
7.19.5 Guhring Recent Developments/Updates
7.20 Tivoly
7.20.1 Tivoly Cutting Tools Corporation Information
7.20.2 Tivoly Cutting Tools Product Portfolio
7.20.3 Tivoly Cutting Tools Production, Value, Price and Gross Margin (2019-2024)
7.20.4 Tivoly Main Business and Markets Served
7.20.5 Tivoly Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Cutting Tools Industry Chain Analysis
8.2 Cutting Tools Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Cutting Tools Production Mode & Process
8.4 Cutting Tools Sales and Marketing
8.4.1 Cutting Tools Sales Channels
8.4.2 Cutting Tools Distributors
8.5 Cutting Tools Customers
9 Cutting Tools Market Dynamics
9.1 Cutting Tools Industry Trends
9.2 Cutting Tools Market Drivers
9.3 Cutting Tools Market Challenges
9.4 Cutting Tools Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Published By : QY Research

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