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2022
Metal Cutting Tool Market

Metal Cutting Tool Market

by Tool Type (Indexable Inserts, Solid Round Tools), by Product Type (Lathe, Drilling Machine, Milling Machine, Grinding Machine, Others), by Application (Automotive, Electronics, Construction, Aerospace and Defence, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Update Available On-Demand

CM : Engineering, Equipment and Machinery
Report Code: A06219
Jun 2022 | Pages: 225
Tables: 143
Charts: 59

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Metal Cutting Tool Market Research, 2031

The global metal cutting tool market size was valued at $65.5 billion in 2021, and is projected to reach $97.9 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031. Metal cutting tool comes under the category of cutting tools, which is used to remove material form metallic work piece by the process of shear deformation. Metal cutting tool can be single-point tool or multi-point tool based on the cutting edges available. Shaping tool is an example of single-point tool, whereas drilling tool, milling tool, and broaching tool are the examples of multi-point tool. Metal cutting tool should have appropriate hardness, toughness, and wear resistance for its prolonged service life. These tools can be used in machining processes, such as drilling, reaming, milling, broaching, tapping, milling, and threading. Common metal cutting tools include hacksaw, jigsaw, grinder, and snips.

The COVID 19 outbreak has affected the growth of the metal cutting tool industry owing to the lockdown measure in the countries and delay in manufacturing and production of metal cutting tool which are utilized in wide range of industries.

Metal Cutting Tool Market, Metal Cutting Tool Industry, Metal Cutting Tool Market Size, Metal Cutting Tool Market Share, Metal Cutting Tool Market Growth, Metal Cutting Tool Market Trends, Metal Cutting Tool Market Analysis, Metal Cutting Tool Market Forecast, Metal Cutting Tool Market Opportunity

Rapid industrialization and urbanization in the developing and the developed countries, such as India, China, Brazil, the U.S., UK, Mexico, and Canada has boosted the growth of various industries such as automotive, manufacturing, and aerospace & defense industries. This, in turn, is expected to boost the demand for metal cutting tools during the forecast period. In addition, increase in population, rise in disposable income, surge in employment rate, and improvement in standard of living in countries such as India, China, Mexico, Canada, Russia, Malaysia, and Thailand have resulted in the growth of manufacturing industries. This has accelerated the demand for metal cutting tools.

However, high initial cost along with high operating and maintenance cost is a key restraint, which is expected to hinder the growth of the metal cutting tool market during the forecast period. In addition, lack of skilled personnel to operate machine equipped with metal cutting tool and rise in daily wages hamper the growth of metal cutting tool industry. Furthermore, growth of the equipment rental market has decreased the demand for new equipment, which, in turn, is expected to decrease the demand for metal cutting tools in the near future, thereby limiting the market growth. On the contrary, surge in demand for metal cutting tools, which consume less electricity and are efficient and safe has created potential opportunity for new product development in the metal cutting tool market.

Metal Cutting Tool Market

The solid round tool segment is anticipated to remain dominant in the metal cutting tool market, exhibiting the highest CAGR of 4.4% during the forecast period. The increase in urbanization and aerospace & desensitization in developing and developed countries, is expected to boost the automotive, constructions, electronics, and aerospace and defense industries. Such factors are expected to surge in demand for metal cutting tool. Moreover, manufacturing sectors have grown in developing countries, such as China, India, and Thailand. In addition, adoption of new technologies like additive manufacturing, aerospace & defense automation, computerized numeric control (CNC), computer aided manufacturing (CAM), and 3D printing, helps in cost reduction and maximizes the productivity.

The demand for metal cutting tools was expected to decrease in the year 2020, owing to low demand from different industries due to lockdown imposed by government of many countries. The COVID-19 pandemic has shut-down production of various products in the metal cutting tools industry, mainly owing to prolonged lockdown in major global countries. This has hampered the metal cutting tool market growth significantly. The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, UK, and China, which is badly affected by the spread of COVID-19, thereby halting demand for equipment and machinery. Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Metal Cutting Tool Market

The automotive segment is largest in global metal cutting tool market, and electronics segment is anticipated to exhibit the highest CAGR of 5.5% during the forecast period. The metal cutting tool are required for fastening, buffering, finishing, sanding, metal working, and others for repair, retrofitting, and servicing of automobiles. In the current scenario, the need for quick servicing and repairing increases the demand for fast operating power tool. The employment of metal cutting tool; thereby, serves this demand on a large scale. The drills, saw blades, rolling dies, cutters, and others allow higher productivities in lower operational times, without any manual effort. This reduces the total time required for the repairing and maintenance activity.

The metal cutting tool market is segmented into tool type, product type, end user, and region. By tool type, the  market is categorized into indexable inserts and solid round tools. In 2021, the solid round tools segment dominated the global market, in terms of revenue, and is expected to maintain this trend in the coming years. On the basis of product type, the  market is fragmented into lathe, drilling machine, milling machine, grinding machine, and others. Milling machine is anticipated to dominate the global market during the forecast period. On the basis of end user, the market is categorized into automotive, aerospace & defense, construction, electronics and others. The electronics segment dominated the market in 2021.

Major players are adopting product launch and acquisition as key developmental strategies to improve the product portfolio of metal cutting tool market. For instance, in May 2022, Hilti Corporation introduced new steel circular saw blade for cold, fast, straight cuts in ferrous metal and structural panels. This is expected to improve the product portfolio of the company.

Metal Cutting Tool Market

By region, the metal cutting tool market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region has the highest market share in 2021. Asia-Pacific is one of the fastest growing regions globally, attributed to its large population and low-cost manufacturing sector. China and Japan are leading manufacturers of automobiles and construction machines. Furthermore, the construction and manufacturing industries in countries such as India, Indonesia, Vietnam, and Bangladesh are experiencing significant growth. These factors boost the demand for metal cutting tool as they are extensively used in construction and automotive industries. In addition, the Asia-Pacific region is home to power tools manufacturers, such as EHWA DIAMOND, ISCAR Ltd., and Makita Corporation.

Competition Analysis

The key players profiled in the metal cutting tool market report include, EHWA DIAMOND, Hilti Corporation, Ingersoll Cutting Tools, Iscar Ltd., Kennametal Inc., Makita Corporation, Robert Bosch GmbH, Sandvik AB, Stanley Black & Decker Inc., and Snap-on Incorporated.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging global metal cutting tool market trends and dynamics. 
  • In-depth market analysis is conducted by the global metal cutting tool market estimations for key market segments between 2021 and 2031.
  • Extensive analysis of the metal cutting tool market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global metal cutting tool market forecast analysis from 2022 to 2031 is included in the report.
  • The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global metal cutting tool industry.
  • The global metal cutting tool market forecast analysis from 2022 to 2031 is included in the report.
  • Key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand competitive outlook of the metal cutting tool market opportunity.

 Metal Cutting Tool Market Report Highlights

Aspects Details
By Tool Type
  • Indexable Inserts
  • Solid Round Tools
By Product Type
  • Lathe
  • Drilling Machine
  • Milling Machine
  • Grinding Machine
  • Others
By Application
  • Aerospace and Defence
  • Others
  • Automotive
  • Electronics
  • Construction
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, U.K., Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Hitachi Metals, Kennametal, Komatsu Ltd., Doosan Machine Tools Co. Ltd., Sandvik, Amada Machine Tools Co. Ltd., BIG Kaiser Precision Tooling Inc., Tiangong International Co., Fanuc America Corporation, Ingersoll Cutting Tool Company
 

  • CHAPTER 1:INTRODUCTION

    • 1.1.Report description

    • 1.2.Key market segments

    • 1.3.Key benefits to the stakeholders

    • 1.4.Research Methodology

      • 1.4.1.Secondary research

      • 1.4.2.Primary research

      • 1.4.3.Analyst tools and models

  • CHAPTER 2:EXECUTIVE SUMMARY

    • 2.1.Key findings of the study

    • 2.2.CXO Perspective

  • CHAPTER 3:MARKET OVERVIEW

    • 3.1.Market definition and scope

    • 3.2.Key findings

      • 3.2.1.Top investment pockets

    • 3.3.Porter’s five forces analysis

    • 3.4.Top player positioning

    • 3.5.Market dynamics

      • 3.5.1.Drivers

      • 3.5.2.Restraints

      • 3.5.3.Opportunities

    • 3.6.COVID-19 Impact Analysis on the market

  • CHAPTER 4: METAL CUTTING TOOL MARKET, BY TOOL TYPE

    • 4.1 Overview

      • 4.1.1 Market size and forecast

    • 4.2 Indexable Inserts

      • 4.2.1 Key market trends, growth factors and opportunities

      • 4.2.2 Market size and forecast, by region

      • 4.2.3 Market analysis by country

    • 4.3 Solid Round Tools

      • 4.3.1 Key market trends, growth factors and opportunities

      • 4.3.2 Market size and forecast, by region

      • 4.3.3 Market analysis by country

  • CHAPTER 5: METAL CUTTING TOOL MARKET, BY PRODUCT TYPE

    • 5.1 Overview

      • 5.1.1 Market size and forecast

    • 5.2 Lathe

      • 5.2.1 Key market trends, growth factors and opportunities

      • 5.2.2 Market size and forecast, by region

      • 5.2.3 Market analysis by country

    • 5.3 Drilling Machine

      • 5.3.1 Key market trends, growth factors and opportunities

      • 5.3.2 Market size and forecast, by region

      • 5.3.3 Market analysis by country

    • 5.4 Milling Machine

      • 5.4.1 Key market trends, growth factors and opportunities

      • 5.4.2 Market size and forecast, by region

      • 5.4.3 Market analysis by country

    • 5.5 Grinding Machine

      • 5.5.1 Key market trends, growth factors and opportunities

      • 5.5.2 Market size and forecast, by region

      • 5.5.3 Market analysis by country

    • 5.6 Others

      • 5.6.1 Key market trends, growth factors and opportunities

      • 5.6.2 Market size and forecast, by region

      • 5.6.3 Market analysis by country

  • CHAPTER 6: METAL CUTTING TOOL MARKET, BY APPLICATION

    • 6.1 Overview

      • 6.1.1 Market size and forecast

    • 6.2 Automotive

      • 6.2.1 Key market trends, growth factors and opportunities

      • 6.2.2 Market size and forecast, by region

      • 6.2.3 Market analysis by country

    • 6.3 Electronics

      • 6.3.1 Key market trends, growth factors and opportunities

      • 6.3.2 Market size and forecast, by region

      • 6.3.3 Market analysis by country

    • 6.4 Construction

      • 6.4.1 Key market trends, growth factors and opportunities

      • 6.4.2 Market size and forecast, by region

      • 6.4.3 Market analysis by country

    • 6.5 Aerospace and Defence

      • 6.5.1 Key market trends, growth factors and opportunities

      • 6.5.2 Market size and forecast, by region

      • 6.5.3 Market analysis by country

    • 6.6 Others

      • 6.6.1 Key market trends, growth factors and opportunities

      • 6.6.2 Market size and forecast, by region

      • 6.6.3 Market analysis by country

  • CHAPTER 7: METAL CUTTING TOOL MARKET, BY REGION

    • 7.1 Overview

      • 7.1.1 Market size and forecast

    • 7.2 North America

      • 7.2.1 Key trends and opportunities

      • 7.2.2 North America Market size and forecast, by Tool Type

      • 7.2.3 North America Market size and forecast, by Product Type

      • 7.2.4 North America Market size and forecast, by Application

      • 7.2.5 North America Market size and forecast, by country

        • 7.2.5.1 U.S.
          • 7.2.5.1.1 Market size and forecast, by Tool Type
          • 7.2.5.1.2 Market size and forecast, by Product Type
          • 7.2.5.1.3 Market size and forecast, by Application
        • 7.2.5.2 Canada
          • 7.2.5.2.1 Market size and forecast, by Tool Type
          • 7.2.5.2.2 Market size and forecast, by Product Type
          • 7.2.5.2.3 Market size and forecast, by Application
        • 7.2.5.3 Mexico
          • 7.2.5.3.1 Market size and forecast, by Tool Type
          • 7.2.5.3.2 Market size and forecast, by Product Type
          • 7.2.5.3.3 Market size and forecast, by Application

    • 7.3 Europe

      • 7.3.1 Key trends and opportunities

      • 7.3.2 Europe Market size and forecast, by Tool Type

      • 7.3.3 Europe Market size and forecast, by Product Type

      • 7.3.4 Europe Market size and forecast, by Application

      • 7.3.5 Europe Market size and forecast, by country

        • 7.3.5.1 Germany
          • 7.3.5.1.1 Market size and forecast, by Tool Type
          • 7.3.5.1.2 Market size and forecast, by Product Type
          • 7.3.5.1.3 Market size and forecast, by Application
        • 7.3.5.2 France
          • 7.3.5.2.1 Market size and forecast, by Tool Type
          • 7.3.5.2.2 Market size and forecast, by Product Type
          • 7.3.5.2.3 Market size and forecast, by Application
        • 7.3.5.3 U.K.
          • 7.3.5.3.1 Market size and forecast, by Tool Type
          • 7.3.5.3.2 Market size and forecast, by Product Type
          • 7.3.5.3.3 Market size and forecast, by Application
        • 7.3.5.4 Italy
          • 7.3.5.4.1 Market size and forecast, by Tool Type
          • 7.3.5.4.2 Market size and forecast, by Product Type
          • 7.3.5.4.3 Market size and forecast, by Application
        • 7.3.5.5 Rest of Europe
          • 7.3.5.5.1 Market size and forecast, by Tool Type
          • 7.3.5.5.2 Market size and forecast, by Product Type
          • 7.3.5.5.3 Market size and forecast, by Application

    • 7.4 Asia-Pacific

      • 7.4.1 Key trends and opportunities

      • 7.4.2 Asia-Pacific Market size and forecast, by Tool Type

      • 7.4.3 Asia-Pacific Market size and forecast, by Product Type

      • 7.4.4 Asia-Pacific Market size and forecast, by Application

      • 7.4.5 Asia-Pacific Market size and forecast, by country

        • 7.4.5.1 China
          • 7.4.5.1.1 Market size and forecast, by Tool Type
          • 7.4.5.1.2 Market size and forecast, by Product Type
          • 7.4.5.1.3 Market size and forecast, by Application
        • 7.4.5.2 India
          • 7.4.5.2.1 Market size and forecast, by Tool Type
          • 7.4.5.2.2 Market size and forecast, by Product Type
          • 7.4.5.2.3 Market size and forecast, by Application
        • 7.4.5.3 Japan
          • 7.4.5.3.1 Market size and forecast, by Tool Type
          • 7.4.5.3.2 Market size and forecast, by Product Type
          • 7.4.5.3.3 Market size and forecast, by Application
        • 7.4.5.4 South Korea
          • 7.4.5.4.1 Market size and forecast, by Tool Type
          • 7.4.5.4.2 Market size and forecast, by Product Type
          • 7.4.5.4.3 Market size and forecast, by Application
        • 7.4.5.5 Rest of Asia-Pacific
          • 7.4.5.5.1 Market size and forecast, by Tool Type
          • 7.4.5.5.2 Market size and forecast, by Product Type
          • 7.4.5.5.3 Market size and forecast, by Application

    • 7.5 LAMEA

      • 7.5.1 Key trends and opportunities

      • 7.5.2 LAMEA Market size and forecast, by Tool Type

      • 7.5.3 LAMEA Market size and forecast, by Product Type

      • 7.5.4 LAMEA Market size and forecast, by Application

      • 7.5.5 LAMEA Market size and forecast, by country

        • 7.5.5.1 Latin America
          • 7.5.5.1.1 Market size and forecast, by Tool Type
          • 7.5.5.1.2 Market size and forecast, by Product Type
          • 7.5.5.1.3 Market size and forecast, by Application
        • 7.5.5.2 Middle East
          • 7.5.5.2.1 Market size and forecast, by Tool Type
          • 7.5.5.2.2 Market size and forecast, by Product Type
          • 7.5.5.2.3 Market size and forecast, by Application
        • 7.5.5.3 Africa
          • 7.5.5.3.1 Market size and forecast, by Tool Type
          • 7.5.5.3.2 Market size and forecast, by Product Type
          • 7.5.5.3.3 Market size and forecast, by Application

  • CHAPTER 8: COMPANY LANDSCAPE

    • 8.1. Introduction

    • 8.2. Top winning strategies

    • 8.3. Product Mapping of Top 10 Player

    • 8.4. Competitive Dashboard

    • 8.5. Competitive Heatmap

    • 8.6. Key developments

  • CHAPTER 9: COMPANY PROFILES

    • 9.1 Fanuc America Corporation

      • 9.1.1 Company overview

      • 9.1.2 Company snapshot

      • 9.1.3 Operating business segments

      • 9.1.4 Product portfolio

      • 9.1.5 Business performance

      • 9.1.6 Key strategic moves and developments

    • 9.2 Amada Machine Tools Co. Ltd.

      • 9.2.1 Company overview

      • 9.2.2 Company snapshot

      • 9.2.3 Operating business segments

      • 9.2.4 Product portfolio

      • 9.2.5 Business performance

      • 9.2.6 Key strategic moves and developments

    • 9.3 BIG Kaiser Precision Tooling Inc.

      • 9.3.1 Company overview

      • 9.3.2 Company snapshot

      • 9.3.3 Operating business segments

      • 9.3.4 Product portfolio

      • 9.3.5 Business performance

      • 9.3.6 Key strategic moves and developments

    • 9.4 Sandvik

      • 9.4.1 Company overview

      • 9.4.2 Company snapshot

      • 9.4.3 Operating business segments

      • 9.4.4 Product portfolio

      • 9.4.5 Business performance

      • 9.4.6 Key strategic moves and developments

    • 9.5 Komatsu Ltd.

      • 9.5.1 Company overview

      • 9.5.2 Company snapshot

      • 9.5.3 Operating business segments

      • 9.5.4 Product portfolio

      • 9.5.5 Business performance

      • 9.5.6 Key strategic moves and developments

    • 9.6 Kennametal

      • 9.6.1 Company overview

      • 9.6.2 Company snapshot

      • 9.6.3 Operating business segments

      • 9.6.4 Product portfolio

      • 9.6.5 Business performance

      • 9.6.6 Key strategic moves and developments

    • 9.7 Doosan Machine Tools Co. Ltd.

      • 9.7.1 Company overview

      • 9.7.2 Company snapshot

      • 9.7.3 Operating business segments

      • 9.7.4 Product portfolio

      • 9.7.5 Business performance

      • 9.7.6 Key strategic moves and developments

    • 9.8 Ingersoll Cutting Tool Company

      • 9.8.1 Company overview

      • 9.8.2 Company snapshot

      • 9.8.3 Operating business segments

      • 9.8.4 Product portfolio

      • 9.8.5 Business performance

      • 9.8.6 Key strategic moves and developments

    • 9.9 Tiangong International Co.

      • 9.9.1 Company overview

      • 9.9.2 Company snapshot

      • 9.9.3 Operating business segments

      • 9.9.4 Product portfolio

      • 9.9.5 Business performance

      • 9.9.6 Key strategic moves and developments

    • 9.10 Hitachi Metals

      • 9.10.1 Company overview

      • 9.10.2 Company snapshot

      • 9.10.3 Operating business segments

      • 9.10.4 Product portfolio

      • 9.10.5 Business performance

      • 9.10.6 Key strategic moves and developments

  • LIST OF TABLES

  • TABLE 1. GLOBAL METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 2. METAL CUTTING TOOL MARKET REVENUE, FOR INDEXABLE INSERTS, BY REGION , 2021-2031,($MILLION)
    TABLE 3. METAL CUTTING TOOL MARKET FOR INDEXABLE INSERTS BY COUNTRY, 2021-2031,($MILLION)
    TABLE 4. METAL CUTTING TOOL MARKET REVENUE, FOR SOLID ROUND TOOLS, BY REGION , 2021-2031,($MILLION)
    TABLE 5. METAL CUTTING TOOL MARKET FOR SOLID ROUND TOOLS BY COUNTRY, 2021-2031,($MILLION)
    TABLE 6. GLOBAL METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 7. METAL CUTTING TOOL MARKET REVENUE, FOR LATHE, BY REGION , 2021-2031,($MILLION)
    TABLE 8. METAL CUTTING TOOL MARKET FOR LATHE BY COUNTRY, 2021-2031,($MILLION)
    TABLE 9. METAL CUTTING TOOL MARKET REVENUE, FOR DRILLING MACHINE, BY REGION , 2021-2031,($MILLION)
    TABLE 10. METAL CUTTING TOOL MARKET FOR DRILLING MACHINE BY COUNTRY, 2021-2031,($MILLION)
    TABLE 11. METAL CUTTING TOOL MARKET REVENUE, FOR MILLING MACHINE, BY REGION , 2021-2031,($MILLION)
    TABLE 12. METAL CUTTING TOOL MARKET FOR MILLING MACHINE BY COUNTRY, 2021-2031,($MILLION)
    TABLE 13. METAL CUTTING TOOL MARKET REVENUE, FOR GRINDING MACHINE, BY REGION , 2021-2031,($MILLION)
    TABLE 14. METAL CUTTING TOOL MARKET FOR GRINDING MACHINE BY COUNTRY, 2021-2031,($MILLION)
    TABLE 15. METAL CUTTING TOOL MARKET REVENUE, FOR OTHERS, BY REGION , 2021-2031,($MILLION)
    TABLE 16. METAL CUTTING TOOL MARKET FOR OTHERS BY COUNTRY, 2021-2031,($MILLION)
    TABLE 17. GLOBAL METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 18. METAL CUTTING TOOL MARKET REVENUE, FOR AUTOMOTIVE, BY REGION , 2021-2031,($MILLION)
    TABLE 19. METAL CUTTING TOOL MARKET FOR AUTOMOTIVE BY COUNTRY, 2021-2031,($MILLION)
    TABLE 20. METAL CUTTING TOOL MARKET REVENUE, FOR ELECTRONICS, BY REGION , 2021-2031,($MILLION)
    TABLE 21. METAL CUTTING TOOL MARKET FOR ELECTRONICS BY COUNTRY, 2021-2031,($MILLION)
    TABLE 22. METAL CUTTING TOOL MARKET REVENUE, FOR CONSTRUCTION, BY REGION , 2021-2031,($MILLION)
    TABLE 23. METAL CUTTING TOOL MARKET FOR CONSTRUCTION BY COUNTRY, 2021-2031,($MILLION)
    TABLE 24. METAL CUTTING TOOL MARKET REVENUE, FOR AEROSPACE AND DEFENCE, BY REGION , 2021-2031,($MILLION)
    TABLE 25. METAL CUTTING TOOL MARKET FOR AEROSPACE AND DEFENCE BY COUNTRY, 2021-2031,($MILLION)
    TABLE 26. METAL CUTTING TOOL MARKET REVENUE, FOR OTHERS, BY REGION , 2021-2031,($MILLION)
    TABLE 27. METAL CUTTING TOOL MARKET FOR OTHERS BY COUNTRY, 2021-2031,($MILLION)
    TABLE 28. METAL CUTTING TOOL MARKET, BY REGION, 2021-2031,($MILLION)
    TABLE 29. NORTH AMERICA METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 30. NORTH AMERICA METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 31. NORTH AMERICA METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 32. NORTH AMERICA METAL CUTTING TOOL MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 33. U.S. METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 34. U.S. METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 35. U.S. METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 36. CANADA METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 37. CANADA METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 38. CANADA METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 39. MEXICO METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 40. MEXICO METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 41. MEXICO METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 42. EUROPE METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 43. EUROPE METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 44. EUROPE METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 45. EUROPE METAL CUTTING TOOL MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 46. GERMANY METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 47. GERMANY METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 48. GERMANY METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 49. FRANCE METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 50. FRANCE METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 51. FRANCE METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 52. U.K. METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 53. U.K. METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 54. U.K. METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 55. ITALY METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 56. ITALY METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 57. ITALY METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 58. REST OF EUROPE METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 59. REST OF EUROPE METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 60. REST OF EUROPE METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 61. ASIA-PACIFIC METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 62. ASIA-PACIFIC METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 63. ASIA-PACIFIC METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 64. ASIA-PACIFIC METAL CUTTING TOOL MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 65. CHINA METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 66. CHINA METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 67. CHINA METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 68. INDIA METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 69. INDIA METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 70. INDIA METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 71. JAPAN METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 72. JAPAN METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 73. JAPAN METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 74. SOUTH KOREA METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 75. SOUTH KOREA METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 76. SOUTH KOREA METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 77. REST OF ASIA-PACIFIC METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 78. REST OF ASIA-PACIFIC METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 79. REST OF ASIA-PACIFIC METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 80. LAMEA METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 81. LAMEA METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 82. LAMEA METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 83. LAMEA METAL CUTTING TOOL MARKET, BY COUNTRY, 2021-2031,($MILLION)
    TABLE 84. LATIN AMERICA METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 85. LATIN AMERICA METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 86. LATIN AMERICA METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 87. MIDDLE EAST METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 88. MIDDLE EAST METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 89. MIDDLE EAST METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 90. AFRICA METAL CUTTING TOOL MARKET, BY TOOL TYPE, 2021-2031,($MILLION)
    TABLE 91. AFRICA METAL CUTTING TOOL MARKET, BY PRODUCT TYPE, 2021-2031,($MILLION)
    TABLE 92. AFRICA METAL CUTTING TOOL MARKET, BY APPLICATION, 2021-2031,($MILLION)
    TABLE 93.FANUC AMERICA CORPORATION: COMPANY SNAPSHOT
    TABLE 94.FANUC AMERICA CORPORATION: OPERATING SEGMENTS
    TABLE 95.FANUC AMERICA CORPORATION: PRODUCT PORTFOLIO
    TABLE 96.FANUC AMERICA CORPORATION: NET SALES,
    TABLE 97.FANUC AMERICA CORPORATION: KEY STRATERGIES
    TABLE 98.AMADA MACHINE TOOLS CO. LTD.: COMPANY SNAPSHOT
    TABLE 99.AMADA MACHINE TOOLS CO. LTD.: OPERATING SEGMENTS
    TABLE 100.AMADA MACHINE TOOLS CO. LTD.: PRODUCT PORTFOLIO
    TABLE 101.AMADA MACHINE TOOLS CO. LTD.: NET SALES,
    TABLE 102.AMADA MACHINE TOOLS CO. LTD.: KEY STRATERGIES
    TABLE 103.BIG KAISER PRECISION TOOLING INC.: COMPANY SNAPSHOT
    TABLE 104.BIG KAISER PRECISION TOOLING INC.: OPERATING SEGMENTS
    TABLE 105.BIG KAISER PRECISION TOOLING INC.: PRODUCT PORTFOLIO
    TABLE 106.BIG KAISER PRECISION TOOLING INC.: NET SALES,
    TABLE 107.BIG KAISER PRECISION TOOLING INC.: KEY STRATERGIES
    TABLE 108.SANDVIK: COMPANY SNAPSHOT
    TABLE 109.SANDVIK: OPERATING SEGMENTS
    TABLE 110.SANDVIK: PRODUCT PORTFOLIO
    TABLE 111.SANDVIK: NET SALES,
    TABLE 112.SANDVIK: KEY STRATERGIES
    TABLE 113.KOMATSU LTD.: COMPANY SNAPSHOT
    TABLE 114.KOMATSU LTD.: OPERATING SEGMENTS
    TABLE 115.KOMATSU LTD.: PRODUCT PORTFOLIO
    TABLE 116.KOMATSU LTD.: NET SALES,
    TABLE 117.KOMATSU LTD.: KEY STRATERGIES
    TABLE 118.KENNAMETAL: COMPANY SNAPSHOT
    TABLE 119.KENNAMETAL: OPERATING SEGMENTS
    TABLE 120.KENNAMETAL: PRODUCT PORTFOLIO
    TABLE 121.KENNAMETAL: NET SALES,
    TABLE 122.KENNAMETAL: KEY STRATERGIES
    TABLE 123.DOOSAN MACHINE TOOLS CO. LTD.: COMPANY SNAPSHOT
    TABLE 124.DOOSAN MACHINE TOOLS CO. LTD.: OPERATING SEGMENTS
    TABLE 125.DOOSAN MACHINE TOOLS CO. LTD.: PRODUCT PORTFOLIO
    TABLE 126.DOOSAN MACHINE TOOLS CO. LTD.: NET SALES,
    TABLE 127.DOOSAN MACHINE TOOLS CO. LTD.: KEY STRATERGIES
    TABLE 128.INGERSOLL CUTTING TOOL COMPANY: COMPANY SNAPSHOT
    TABLE 129.INGERSOLL CUTTING TOOL COMPANY: OPERATING SEGMENTS
    TABLE 130.INGERSOLL CUTTING TOOL COMPANY: PRODUCT PORTFOLIO
    TABLE 131.INGERSOLL CUTTING TOOL COMPANY: NET SALES,
    TABLE 132.INGERSOLL CUTTING TOOL COMPANY: KEY STRATERGIES
    TABLE 133.TIANGONG INTERNATIONAL CO.: COMPANY SNAPSHOT
    TABLE 134.TIANGONG INTERNATIONAL CO.: OPERATING SEGMENTS
    TABLE 135.TIANGONG INTERNATIONAL CO.: PRODUCT PORTFOLIO
    TABLE 136.TIANGONG INTERNATIONAL CO.: NET SALES,
    TABLE 137.TIANGONG INTERNATIONAL CO.: KEY STRATERGIES
    TABLE 138.HITACHI METALS: COMPANY SNAPSHOT
    TABLE 139.HITACHI METALS: OPERATING SEGMENTS
    TABLE 140.HITACHI METALS: PRODUCT PORTFOLIO
    TABLE 141.HITACHI METALS: NET SALES,
    TABLE 142.HITACHI METALS: KEY STRATERGIES

  • LIST OF FIGURES

  • FIGURE 1.METAL CUTTING TOOL MARKET SEGMENTATION
    FIGURE 2.METAL CUTTING TOOL MARKET,2021-2031
    FIGURE 3.METAL CUTTING TOOL MARKET,2021-2031
    FIGURE 4. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 5.PORTER FIVE-1
    FIGURE 6.PORTER FIVE-2
    FIGURE 7.PORTER FIVE-3
    FIGURE 8.PORTER FIVE-4
    FIGURE 9.PORTER FIVE-5
    FIGURE 10.TOP PLAYER POSITIONING
    FIGURE 11.METAL CUTTING TOOL MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 12.METAL CUTTING TOOL MARKET,BY TOOL TYPE,2021(%)
    FIGURE 13.COMPARATIVE SHARE ANALYSIS OF INDEXABLE INSERTS METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 14.COMPARATIVE SHARE ANALYSIS OF SOLID ROUND TOOLS METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 15.METAL CUTTING TOOL MARKET,BY PRODUCT TYPE,2021(%)
    FIGURE 16.COMPARATIVE SHARE ANALYSIS OF LATHE METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 17.COMPARATIVE SHARE ANALYSIS OF DRILLING MACHINE METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 18.COMPARATIVE SHARE ANALYSIS OF MILLING MACHINE METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 19.COMPARATIVE SHARE ANALYSIS OF GRINDING MACHINE METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 20.COMPARATIVE SHARE ANALYSIS OF OTHERS METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 21.METAL CUTTING TOOL MARKET,BY APPLICATION,2021(%)
    FIGURE 22.COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 23.COMPARATIVE SHARE ANALYSIS OF ELECTRONICS METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 24.COMPARATIVE SHARE ANALYSIS OF CONSTRUCTION METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 25.COMPARATIVE SHARE ANALYSIS OF AEROSPACE AND DEFENCE METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 26.COMPARATIVE SHARE ANALYSIS OF OTHERS METAL CUTTING TOOL MARKET,2021-2031(%)
    FIGURE 27.METAL CUTTING TOOL MARKET BY REGION,2021
    FIGURE 28.U.S. METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 29.CANADA METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 30.MEXICO METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 31.GERMANY METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 32.FRANCE METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 33.U.K. METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 34.ITALY METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 35.REST OF EUROPE METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 36.CHINA METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 37.INDIA METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 38.JAPAN METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 39.SOUTH KOREA METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 40.REST OF ASIA-PACIFIC METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 41.LATIN AMERICA METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 42.MIDDLE EAST METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 43.AFRICA METAL CUTTING TOOL MARKET,2021-2031($MILLION)
    FIGURE 44. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 45. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 46. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 47.PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 48.COMPETITIVE DASHBOARD
    FIGURE 49.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
    FIGURE 50.FANUC AMERICA CORPORATION.: NET SALES ,($MILLION)
    FIGURE 51.AMADA MACHINE TOOLS CO. LTD..: NET SALES ,($MILLION)
    FIGURE 52.BIG KAISER PRECISION TOOLING INC..: NET SALES ,($MILLION)
    FIGURE 53.SANDVIK.: NET SALES ,($MILLION)
    FIGURE 54.KOMATSU LTD..: NET SALES ,($MILLION)
    FIGURE 55.KENNAMETAL.: NET SALES ,($MILLION)
    FIGURE 56.DOOSAN MACHINE TOOLS CO. LTD..: NET SALES ,($MILLION)
    FIGURE 57.INGERSOLL CUTTING TOOL COMPANY.: NET SALES ,($MILLION)
    FIGURE 58.TIANGONG INTERNATIONAL CO..: NET SALES ,($MILLION)
    FIGURE 59.HITACHI METALS.: NET SALES ,($MILLION)

 
 

The Asia-Pacific region dominates the metal cutting tool market in 2021. The increase in popularity of CNC machines is also a factor that drives the market growth. This is often attributed to the benefits offered by CNC metal cutting tools, including high efficiency, transparency, cost saving, and time efficiency. In addition, the growing market landscape, cutter companies have strengthened their efforts to develop and manufacture more advanced designs to satisfy increased customer demands. Moreover, advances in workpiece manufacturing technologies like metal injection molding, 3D printing, investment casting, and shut tolerance forging is additionally chargeable for the expansion during the forecast period.

Many companies in the metal cutting tool market are developing and introducing new products to the market. These new products are technologically more advanced than the previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry. For instance, in July 2021, Bosch launched the new Expert HEX-9 Hard Ceramic tile drill bits for construction trade, the Expert Thick Tough Metal reciprocating saw blades for metal and demolition trades, and the Expert Hardwood fast jigsaw blades for the woodworking trade. This aims in improving the product portfolio. This is expected to propel the growth of the metal cutting tool market during the forecast period.

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FREQUENTLY ASKED QUESTIONS?

A. The global metal cutting tool market is projected to reach $97,870.4 million by 2031

A. Increase in construction industries, and surge in metal cutting robots applications are the effecting factors

A. Asia-Pacific region is the largest regional market for Metal Cutting Tool Market

A. EHWA DIAMOND, Hilti Corporation, Ingersoll Cutting Tools, Iscar Ltd., Kennametal Inc., Makita Corporation, Robert Bosch GmbH, Sandvik AB, Stanley Black & Decker Inc., and Snap-on Incorporated.

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The product launch is key growth strategy of Metal Cutting Tool Market

A. The automotive, aerospace & defense, construction, electronics and others are the end users of Metal Cutting Tool Market.

A. The milling, grinding, drilling, cutting are the basic types of Metal Cutting Tools

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