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Upcoming Allied Market Research
2022
End Mill Holder Market

End Mill Holder Market by Product Type (Stubby End Mill holder, Extended Length End Mill Holder, and Standard End Mill holder), Size Range Type (1/8 inch to 2 inch and Others), Taper Type (R8, Morse Taper, V-Flange Taper, BT Flange Taper, HSK, and Others), and End-user Industry (Automotive, Defense, Construction, Electronics, Manufacturing and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Jul 2022 | 133 Views
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COVID-19

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The global end mill holder market is experiencing significant growth and is expected to grow considerably in next few years. End mill tool is a type of cutting tool used in milling machines to perform various tasks such as drilling, milling, slotting, and finishing of a work piece. An end mill holder is used for securing, linking, and connecting the end mill tool in the rotating spindle of the milling machine. End mill holders are capable of being used in both vertical and horizontal milling machines. They are tapered on one of the ends to offer precision work and are classified as R8, Morse taper, V-flange taper, BT flange taper, and HSK end mill holder. In addition, key players in the end mill holder market offer various sizes of end mill holders ranging from 1/8 inch to 2 inches. Milling machines are extensively used in industries such as automotive, defense, construction, electronics, and manufacturing. Hence, rise in these industries is driving the demand in the end mill holder market. Moreover, end mill holder is a very common tool and can easily be found in any industry retail store. Major players in the end mill holder industry adopt advanced technologies to increase the strength and durability of their products to sustain the competition in the end mill holder market. 
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Market Scope and Structure Analysis

Description

Tool holders are used to adapt tools of different shapes and sizes accurately and securely to a milling machine spindle. Shanks are shaped to fit various standard machine tapers, such as R8, NT 40, CAT 40, and BT 40. A solid end mill holder consists of a precision bored hole and a set screw. An end mill tool that has a shank with a Weldon flat is slid into the holder and then secured by the set screw from the side. The set screw clamps down on the Weldon flat, providing a strong grip with a slight loss in concentricity.

Report Metric

Details

Market Size Available for Years

  2020–2030

 Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

Product Type, Size Range Type, Taper Type, End-user Industry, and Region

 Companies Covered

MariTool, Inc., Sandvik Coromant, Briney Tooling Systems, Parlec Inc., Glacern Machine Tools, Ingersoll Cutting Tool Company, Techniks Inc., Collis Toolholder Corp., Toolmex Industrial Solutions, Cutwel Ltd, and SCHUNK GmbH & Co. KG

 

COVID-19 Impact Analysis

  • The COVID-19 pandemic ceased the production of various products in the end mill holder industry, which is attributed to the global lockdown. This has hampered the growth of end mill holder market in the years 2020 and 2021, and a similar trend is expected to be seen in the first half of 2022.
  • The major demand for end mill holder was previously noticed from giant developed and developing countries, including the U.S., Germany, Italy, the UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for end mill holder.
  • Further, the long-term impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. End mill holder manufacturers can afford a lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
  • End mill holder manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

The demand for automotive components is rising rapidly in many countries, such as China, India, and the U.S. This is anticipated to boost the demand of end mill holders. One of the major factors driving demand in the end mill holder market is the rapid rise in the custom manufacturing industry as a result of rapid industrialization. Furthermore, increase in number of manufacturing facilities across the globe is anticipated to drive the demand for end mill holders. However, the fluctuations in the prices of raw materials used for manufacturing end mill holders are one of the restraining factors hindering the growth of end mill holder market. Contrarily, technological developments in end mill holder products, such as adoption of new stronger and more durable materials for manufacturing end mill holder boost the durability of the equipment, as well as result in lowering the prices and weight of end mill holder. This is anticipated to create lucrative opportunities for the growth of end mill holder market during the forecast period.

Market Trends

  • Key players in the end mill holder market have adopted acquisition as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in September 2021, JIS Distribution LLC, a distributor of industrial tools including end mill holders, acquired principal assets of Erie Tool & Supply Co. operating in the same business. This acquisition allows JIS to build on its reputation as the largest, most technically advanced industrial distributor in Ohio and the U.S. This acquisition will enable JIS to expand geographically and strengthen their relationships with Ohio customers.
  • Moreover, business expansion strategies also assist in enhancing the geographic footprint of the company and help in gaining significant market share for end mill holder products. For instance, in December 2021, India-based Birla Precision Technologies Ltd., an automotive and engineering company, laid down the foundation stone of its 5th manufacturing facility in Maharashtra, India. The facility is set to increase the manufacturing capacity while also enhancing the geographic foothold in the region.

Key Benefits of the Report

  • This study presents the analytical depiction of the end mill holder industry along with the current trends and future estimations to determine the future investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the end mill holder market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the end mill holder market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed end mill holder market analysis based on competitive intensity and how the competition will take shape in coming years.

Key Market Segments

Segments Sub-segments
Product Type
  • Stubby End Mill holder
  • Extended Length End Mill Holder
  • Standard End Mill holder
Size Range Type
  • 1/8 inch to 2 inch
  • Others
Taper Type
  • R8
  • Morse Taper
  • V-flange Taper
  • BT Flange Taper
  • HSK
  • Others
End-user Industry
  • Automotive
  • Defense
  • Construction
  • Electronics
  • Manufacturing
  • OthersRegion
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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