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Global Tungsten Carbide Tool Market Research Report 2025
Synopsis
High speed steel tools and carbide tools are widely used machine tools. From which carbide tools are most popular for machining applications. Carbide tools have exceptional characteristics like wear resistance, material strength, chemical inertness and other superior properties.
The global Tungsten Carbide Tool market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Tungsten Carbide Tool is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Tungsten Carbide Tool is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Tungsten Carbide Tool include Mitsubishi Materials Corporation, Rock River Tool, Advent Tool & Manufacturing, PROMAX Tools, Garr Tool, Tunco Manufacturing, Ingersoll Cutting Tool Company, Best Carbide Cutting Tools and Vora Industries, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Tungsten Carbide Tool, 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 Tungsten Carbide Tool.
Report Scope
The Tungsten Carbide Tool market size, estimations, and forecasts are provided in terms of output/shipments (K 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 Tungsten Carbide Tool 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 Tungsten Carbide Tool 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
Mitsubishi Materials Corporation
Rock River Tool
Advent Tool & Manufacturing
PROMAX Tools
Garr Tool
Tunco Manufacturing
Ingersoll Cutting Tool Company
Best Carbide Cutting Tools
Vora Industries
CERATIZIT
SGS Tool
Sandvic
Segment by Type
Steel-grade Carbides
Cast-iron Carbides
Segment by Application
Cutting
Chamfering
Drilling
Engraving
Grooving
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
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 Tungsten Carbide Tool manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tungsten Carbide Tool 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 Tungsten Carbide Tool 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.
High speed steel tools and carbide tools are widely used machine tools. From which carbide tools are most popular for machining applications. Carbide tools have exceptional characteristics like wear resistance, material strength, chemical inertness and other superior properties.
The global Tungsten Carbide Tool market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Tungsten Carbide Tool is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Tungsten Carbide Tool is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Tungsten Carbide Tool include Mitsubishi Materials Corporation, Rock River Tool, Advent Tool & Manufacturing, PROMAX Tools, Garr Tool, Tunco Manufacturing, Ingersoll Cutting Tool Company, Best Carbide Cutting Tools and Vora Industries, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Tungsten Carbide Tool, 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 Tungsten Carbide Tool.
Report Scope
The Tungsten Carbide Tool market size, estimations, and forecasts are provided in terms of output/shipments (K 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 Tungsten Carbide Tool 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 Tungsten Carbide Tool 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
Mitsubishi Materials Corporation
Rock River Tool
Advent Tool & Manufacturing
PROMAX Tools
Garr Tool
Tunco Manufacturing
Ingersoll Cutting Tool Company
Best Carbide Cutting Tools
Vora Industries
CERATIZIT
SGS Tool
Sandvic
Segment by Type
Steel-grade Carbides
Cast-iron Carbides
Segment by Application
Cutting
Chamfering
Drilling
Engraving
Grooving
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
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 Tungsten Carbide Tool manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tungsten Carbide Tool 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 Tungsten Carbide Tool 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.
Index1 Tungsten Carbide Tool Market Overview
1.1 Product Definition
1.2 Tungsten Carbide Tool Segment by Type
1.2.1 Global Tungsten Carbide Tool Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Steel-grade Carbides
1.2.3 Cast-iron Carbides
1.3 Tungsten Carbide Tool Segment by Application
1.3.1 Global Tungsten Carbide Tool Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Cutting
1.3.3 Chamfering
1.3.4 Drilling
1.3.5 Engraving
1.3.6 Grooving
1.3.7 Other
1.4 Global Market Growth Prospects
1.4.1 Global Tungsten Carbide Tool Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Tungsten Carbide Tool Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Tungsten Carbide Tool Production Estimates and Forecasts (2019-2030)
1.4.4 Global Tungsten Carbide Tool Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Tungsten Carbide Tool Production Market Share by Manufacturers (2019-2024)
2.2 Global Tungsten Carbide Tool Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Tungsten Carbide Tool, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Tungsten Carbide Tool Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Tungsten Carbide Tool Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Tungsten Carbide Tool, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Tungsten Carbide Tool, Product Offered and Application
2.8 Global Key Manufacturers of Tungsten Carbide Tool, Date of Enter into This Industry
2.9 Tungsten Carbide Tool Market Competitive Situation and Trends
2.9.1 Tungsten Carbide Tool Market Concentration Rate
2.9.2 Global 5 and 10 Largest Tungsten Carbide Tool Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Tungsten Carbide Tool Production by Region
3.1 Global Tungsten Carbide Tool Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Tungsten Carbide Tool Production Value by Region (2019-2030)
3.2.1 Global Tungsten Carbide Tool Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Tungsten Carbide Tool by Region (2025-2030)
3.3 Global Tungsten Carbide Tool Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Tungsten Carbide Tool Production by Region (2019-2030)
3.4.1 Global Tungsten Carbide Tool Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Tungsten Carbide Tool by Region (2025-2030)
3.5 Global Tungsten Carbide Tool Market Price Analysis by Region (2019-2024)
3.6 Global Tungsten Carbide Tool Production and Value, Year-over-Year Growth
3.6.1 North America Tungsten Carbide Tool Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Tungsten Carbide Tool Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Tungsten Carbide Tool Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Tungsten Carbide Tool Production Value Estimates and Forecasts (2019-2030)
4 Tungsten Carbide Tool Consumption by Region
4.1 Global Tungsten Carbide Tool Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Tungsten Carbide Tool Consumption by Region (2019-2030)
4.2.1 Global Tungsten Carbide Tool Consumption by Region (2019-2024)
4.2.2 Global Tungsten Carbide Tool Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Tungsten Carbide Tool Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Tungsten Carbide Tool Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Tungsten Carbide Tool Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Tungsten Carbide Tool 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 Tungsten Carbide Tool Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Tungsten Carbide Tool 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 Tungsten Carbide Tool Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Tungsten Carbide Tool Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Tungsten Carbide Tool Production by Type (2019-2030)
5.1.1 Global Tungsten Carbide Tool Production by Type (2019-2024)
5.1.2 Global Tungsten Carbide Tool Production by Type (2025-2030)
5.1.3 Global Tungsten Carbide Tool Production Market Share by Type (2019-2030)
5.2 Global Tungsten Carbide Tool Production Value by Type (2019-2030)
5.2.1 Global Tungsten Carbide Tool Production Value by Type (2019-2024)
5.2.2 Global Tungsten Carbide Tool Production Value by Type (2025-2030)
5.2.3 Global Tungsten Carbide Tool Production Value Market Share by Type (2019-2030)
5.3 Global Tungsten Carbide Tool Price by Type (2019-2030)
6 Segment by Application
6.1 Global Tungsten Carbide Tool Production by Application (2019-2030)
6.1.1 Global Tungsten Carbide Tool Production by Application (2019-2024)
6.1.2 Global Tungsten Carbide Tool Production by Application (2025-2030)
6.1.3 Global Tungsten Carbide Tool Production Market Share by Application (2019-2030)
6.2 Global Tungsten Carbide Tool Production Value by Application (2019-2030)
6.2.1 Global Tungsten Carbide Tool Production Value by Application (2019-2024)
6.2.2 Global Tungsten Carbide Tool Production Value by Application (2025-2030)
6.2.3 Global Tungsten Carbide Tool Production Value Market Share by Application (2019-2030)
6.3 Global Tungsten Carbide Tool Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Mitsubishi Materials Corporation
7.1.1 Mitsubishi Materials Corporation Tungsten Carbide Tool Corporation Information
7.1.2 Mitsubishi Materials Corporation Tungsten Carbide Tool Product Portfolio
7.1.3 Mitsubishi Materials Corporation Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Mitsubishi Materials Corporation Main Business and Markets Served
7.1.5 Mitsubishi Materials Corporation Recent Developments/Updates
7.2 Rock River Tool
7.2.1 Rock River Tool Tungsten Carbide Tool Corporation Information
7.2.2 Rock River Tool Tungsten Carbide Tool Product Portfolio
7.2.3 Rock River Tool Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Rock River Tool Main Business and Markets Served
7.2.5 Rock River Tool Recent Developments/Updates
7.3 Advent Tool & Manufacturing
7.3.1 Advent Tool & Manufacturing Tungsten Carbide Tool Corporation Information
7.3.2 Advent Tool & Manufacturing Tungsten Carbide Tool Product Portfolio
7.3.3 Advent Tool & Manufacturing Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Advent Tool & Manufacturing Main Business and Markets Served
7.3.5 Advent Tool & Manufacturing Recent Developments/Updates
7.4 PROMAX Tools
7.4.1 PROMAX Tools Tungsten Carbide Tool Corporation Information
7.4.2 PROMAX Tools Tungsten Carbide Tool Product Portfolio
7.4.3 PROMAX Tools Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.4.4 PROMAX Tools Main Business and Markets Served
7.4.5 PROMAX Tools Recent Developments/Updates
7.5 Garr Tool
7.5.1 Garr Tool Tungsten Carbide Tool Corporation Information
7.5.2 Garr Tool Tungsten Carbide Tool Product Portfolio
7.5.3 Garr Tool Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Garr Tool Main Business and Markets Served
7.5.5 Garr Tool Recent Developments/Updates
7.6 Tunco Manufacturing
7.6.1 Tunco Manufacturing Tungsten Carbide Tool Corporation Information
7.6.2 Tunco Manufacturing Tungsten Carbide Tool Product Portfolio
7.6.3 Tunco Manufacturing Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Tunco Manufacturing Main Business and Markets Served
7.6.5 Tunco Manufacturing Recent Developments/Updates
7.7 Ingersoll Cutting Tool Company
7.7.1 Ingersoll Cutting Tool Company Tungsten Carbide Tool Corporation Information
7.7.2 Ingersoll Cutting Tool Company Tungsten Carbide Tool Product Portfolio
7.7.3 Ingersoll Cutting Tool Company Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Ingersoll Cutting Tool Company Main Business and Markets Served
7.7.5 Ingersoll Cutting Tool Company Recent Developments/Updates
7.8 Best Carbide Cutting Tools
7.8.1 Best Carbide Cutting Tools Tungsten Carbide Tool Corporation Information
7.8.2 Best Carbide Cutting Tools Tungsten Carbide Tool Product Portfolio
7.8.3 Best Carbide Cutting Tools Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Best Carbide Cutting Tools Main Business and Markets Served
7.7.5 Best Carbide Cutting Tools Recent Developments/Updates
7.9 Vora Industries
7.9.1 Vora Industries Tungsten Carbide Tool Corporation Information
7.9.2 Vora Industries Tungsten Carbide Tool Product Portfolio
7.9.3 Vora Industries Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Vora Industries Main Business and Markets Served
7.9.5 Vora Industries Recent Developments/Updates
7.10 CERATIZIT
7.10.1 CERATIZIT Tungsten Carbide Tool Corporation Information
7.10.2 CERATIZIT Tungsten Carbide Tool Product Portfolio
7.10.3 CERATIZIT Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.10.4 CERATIZIT Main Business and Markets Served
7.10.5 CERATIZIT Recent Developments/Updates
7.11 SGS Tool
7.11.1 SGS Tool Tungsten Carbide Tool Corporation Information
7.11.2 SGS Tool Tungsten Carbide Tool Product Portfolio
7.11.3 SGS Tool Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.11.4 SGS Tool Main Business and Markets Served
7.11.5 SGS Tool Recent Developments/Updates
7.12 Sandvic
7.12.1 Sandvic Tungsten Carbide Tool Corporation Information
7.12.2 Sandvic Tungsten Carbide Tool Product Portfolio
7.12.3 Sandvic Tungsten Carbide Tool Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Sandvic Main Business and Markets Served
7.12.5 Sandvic Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Tungsten Carbide Tool Industry Chain Analysis
8.2 Tungsten Carbide Tool Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Tungsten Carbide Tool Production Mode & Process
8.4 Tungsten Carbide Tool Sales and Marketing
8.4.1 Tungsten Carbide Tool Sales Channels
8.4.2 Tungsten Carbide Tool Distributors
8.5 Tungsten Carbide Tool Customers
9 Tungsten Carbide Tool Market Dynamics
9.1 Tungsten Carbide Tool Industry Trends
9.2 Tungsten Carbide Tool Market Drivers
9.3 Tungsten Carbide Tool Market Challenges
9.4 Tungsten Carbide Tool 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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