Metal Cutting Tools Market Key Findings by 2031
Metal cutting tools are a type of machine tool that allows for the easy and precise manufacture of essential and intricate components. Horizontal lathes were used in ancient times in some way or another, while CNC metal cutting machines are more recent additions. Metal cutting tools are powered by electric motors and are utilized for various cutting processes that includes milling, turning, boring, and grinding, to complete the desired cut on the metal work piece. Metal cutting tools have different forms which include fiber cutters, plasma cutters and laser cutting devices. Plasma cutting is primarily utilized for the welding and fabrication of metals as they ensure accurate results in comparison to other product forms. The key market drivers for metal cutting tools market are, increasing demand for power tools, growing use of cutting tools in end use industries along with technological advancements in cutting tools.
MARKET DYNAMICS
The key market drivers for metal cutting tools market are, the rising demand of metal cutting equipment in various industry verticals, growing demand of efficient metal cutting equipment along with rising popularity of CNC machines. Additionally, increasing popularity of such devices and technological advancements are likely to fuel market growth during the forecast period. Moreover, increasing automation in industries and adoption of smart technologies for manufacturing is expected to boost market growth during the forecast period. Whereas, fluctuating prices of raw materials is expected to restrain market growth during the forecast period.
MARKET SCOPE
The "Global Metal cutting tools Market Analysis to 2031" is a specialized and in-depth study of the metal cutting tools Market with a special focus on the global market trend analysis. The report aims to provide an overview of metal cutting tools market with detailed market segmentation by product and application. The global metal cutting tools market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading metal cutting tools market player and offers key trends and opportunities in the metal cutting tools market.
MARKET SEGMENTATION
The global metal cutting tools market is segmented on the basis of product and application. On the basis of product the market is segmented as, drilling machines, lathe machines, boring machines, grinding machines, milling machines. Further, on the basis of application the market is segmented as, automotive, general machinery, precision engineering, construction, transport machinery, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global metal cutting tools market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The metal cutting tools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting metal cutting tools Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the metal cutting tools market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global metal cutting tools market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The metal cutting tools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting metal cutting tools Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the metal cutting tools market in these regions.
MARKET PLAYERS
The reports cover key developments in the metal cutting tools market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from metal cutting tools market are anticipated to lucrative growth opportunities in the future with the rising demand for metal cutting tools market. Below mentioned is the list of few companies engaged in the metal cutting tools market.
The report also includes the profiles of key metal cutting tools market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- BIG KAISER Precision Tooling Inc
- Kennametal
- Nachi-Fujikoshi Corp
- OSG USA, INC
- Sandvik AB
- Ceratizit S.A
- Dewalt
- Fraisa SA
- Guhring, Inc
- Kilowood Cutting Tools
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Metal Cutting Tools Market - By Product
1.3.2 Metal Cutting Tools Market - By Application
1.3.3 Metal Cutting Tools Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. METAL CUTTING TOOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. METAL CUTTING TOOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. METAL CUTTING TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. METAL CUTTING TOOLS - GLOBAL MARKET OVERVIEW
6.2. METAL CUTTING TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. METAL CUTTING TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. DRILLING MACHINES
7.3.1. Overview
7.3.2. Drilling Machines Market Forecast and Analysis
7.4. LATHE MACHINES
7.4.1. Overview
7.4.2. Lathe Machines Market Forecast and Analysis
7.5. BORING MACHINES
7.5.1. Overview
7.5.2. Boring Machines Market Forecast and Analysis
7.6. GRINDING MACHINES
7.6.1. Overview
7.6.2. Grinding Machines Market Forecast and Analysis
7.7. MILLING MACHINES
7.7.1. Overview
7.7.2. Milling Machines Market Forecast and Analysis
8. METAL CUTTING TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. GENERAL MACHINERY
8.4.1. Overview
8.4.2. General Machinery Market Forecast and Analysis
8.5. PRECISION ENGINEERING
8.5.1. Overview
8.5.2. Precision Engineering Market Forecast and Analysis
8.6. CONSTRUCTION
8.6.1. Overview
8.6.2. Construction Market Forecast and Analysis
8.7. TRANSPORT MACHINERY
8.7.1. Overview
8.7.2. Transport Machinery Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. METAL CUTTING TOOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Metal Cutting Tools Market Overview
9.1.2 North America Metal Cutting Tools Market Forecasts and Analysis
9.1.3 North America Metal Cutting Tools Market Forecasts and Analysis - By Product
9.1.4 North America Metal Cutting Tools Market Forecasts and Analysis - By Application
9.1.5 North America Metal Cutting Tools Market Forecasts and Analysis - By Countries
9.1.5.1 United States Metal Cutting Tools Market
9.1.5.1.1 United States Metal Cutting Tools Market by Product
9.1.5.1.2 United States Metal Cutting Tools Market by Application
9.1.5.2 Canada Metal Cutting Tools Market
9.1.5.2.1 Canada Metal Cutting Tools Market by Product
9.1.5.2.2 Canada Metal Cutting Tools Market by Application
9.1.5.3 Mexico Metal Cutting Tools Market
9.1.5.3.1 Mexico Metal Cutting Tools Market by Product
9.1.5.3.2 Mexico Metal Cutting Tools Market by Application
9.2. EUROPE
9.2.1 Europe Metal Cutting Tools Market Overview
9.2.2 Europe Metal Cutting Tools Market Forecasts and Analysis
9.2.3 Europe Metal Cutting Tools Market Forecasts and Analysis - By Product
9.2.4 Europe Metal Cutting Tools Market Forecasts and Analysis - By Application
9.2.5 Europe Metal Cutting Tools Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Metal Cutting Tools Market
9.2.5.1.1 Germany Metal Cutting Tools Market by Product
9.2.5.1.2 Germany Metal Cutting Tools Market by Application
9.2.5.2 France Metal Cutting Tools Market
9.2.5.2.1 France Metal Cutting Tools Market by Product
9.2.5.2.2 France Metal Cutting Tools Market by Application
9.2.5.3 Italy Metal Cutting Tools Market
9.2.5.3.1 Italy Metal Cutting Tools Market by Product
9.2.5.3.2 Italy Metal Cutting Tools Market by Application
9.2.5.4 United Kingdom Metal Cutting Tools Market
9.2.5.4.1 United Kingdom Metal Cutting Tools Market by Product
9.2.5.4.2 United Kingdom Metal Cutting Tools Market by Application
9.2.5.5 Russia Metal Cutting Tools Market
9.2.5.5.1 Russia Metal Cutting Tools Market by Product
9.2.5.5.2 Russia Metal Cutting Tools Market by Application
9.2.5.6 Rest of Europe Metal Cutting Tools Market
9.2.5.6.1 Rest of Europe Metal Cutting Tools Market by Product
9.2.5.6.2 Rest of Europe Metal Cutting Tools Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Metal Cutting Tools Market Overview
9.3.2 Asia-Pacific Metal Cutting Tools Market Forecasts and Analysis
9.3.3 Asia-Pacific Metal Cutting Tools Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Metal Cutting Tools Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Metal Cutting Tools Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Metal Cutting Tools Market
9.3.5.1.1 Australia Metal Cutting Tools Market by Product
9.3.5.1.2 Australia Metal Cutting Tools Market by Application
9.3.5.2 China Metal Cutting Tools Market
9.3.5.2.1 China Metal Cutting Tools Market by Product
9.3.5.2.2 China Metal Cutting Tools Market by Application
9.3.5.3 India Metal Cutting Tools Market
9.3.5.3.1 India Metal Cutting Tools Market by Product
9.3.5.3.2 India Metal Cutting Tools Market by Application
9.3.5.4 Japan Metal Cutting Tools Market
9.3.5.4.1 Japan Metal Cutting Tools Market by Product
9.3.5.4.2 Japan Metal Cutting Tools Market by Application
9.3.5.5 South Korea Metal Cutting Tools Market
9.3.5.5.1 South Korea Metal Cutting Tools Market by Product
9.3.5.5.2 South Korea Metal Cutting Tools Market by Application
9.3.5.6 Rest of Asia-Pacific Metal Cutting Tools Market
9.3.5.6.1 Rest of Asia-Pacific Metal Cutting Tools Market by Product
9.3.5.6.2 Rest of Asia-Pacific Metal Cutting Tools Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Metal Cutting Tools Market Overview
9.4.2 Middle East and Africa Metal Cutting Tools Market Forecasts and Analysis
9.4.3 Middle East and Africa Metal Cutting Tools Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Metal Cutting Tools Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Metal Cutting Tools Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Metal Cutting Tools Market
9.4.5.1.1 South Africa Metal Cutting Tools Market by Product
9.4.5.1.2 South Africa Metal Cutting Tools Market by Application
9.4.5.2 Saudi Arabia Metal Cutting Tools Market
9.4.5.2.1 Saudi Arabia Metal Cutting Tools Market by Product
9.4.5.2.2 Saudi Arabia Metal Cutting Tools Market by Application
9.4.5.3 U.A.E Metal Cutting Tools Market
9.4.5.3.1 U.A.E Metal Cutting Tools Market by Product
9.4.5.3.2 U.A.E Metal Cutting Tools Market by Application
9.4.5.4 Rest of Middle East and Africa Metal Cutting Tools Market
9.4.5.4.1 Rest of Middle East and Africa Metal Cutting Tools Market by Product
9.4.5.4.2 Rest of Middle East and Africa Metal Cutting Tools Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Metal Cutting Tools Market Overview
9.5.2 South and Central America Metal Cutting Tools Market Forecasts and Analysis
9.5.3 South and Central America Metal Cutting Tools Market Forecasts and Analysis - By Product
9.5.4 South and Central America Metal Cutting Tools Market Forecasts and Analysis - By Application
9.5.5 South and Central America Metal Cutting Tools Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Metal Cutting Tools Market
9.5.5.1.1 Brazil Metal Cutting Tools Market by Product
9.5.5.1.2 Brazil Metal Cutting Tools Market by Application
9.5.5.2 Argentina Metal Cutting Tools Market
9.5.5.2.1 Argentina Metal Cutting Tools Market by Product
9.5.5.2.2 Argentina Metal Cutting Tools Market by Application
9.5.5.3 Rest of South and Central America Metal Cutting Tools Market
9.5.5.3.1 Rest of South and Central America Metal Cutting Tools Market by Product
9.5.5.3.2 Rest of South and Central America Metal Cutting Tools Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. METAL CUTTING TOOLS MARKET, KEY COMPANY PROFILES
11.1. BIG KAISER PRECISION TOOLING INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KENNAMETAL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. NACHI-FUJIKOSHI CORP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. OSG USA, INC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SANDVIK AB
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CERATIZIT S.A
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. DEWALT
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. FRAISA SA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. GUHRING, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. KILOWOOD CUTTING TOOLS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. XIAMEN GOLDEN EGRET SPECIAL ALLOY CO. LTD
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BIG KAISER Precision Tooling Inc
2. Kennametal
3. Nachi-Fujikoshi Corp
4. OSG USA, INC
5. Sandvik AB
6. Ceratizit S.A
7. Dewalt
8. Fraisa SA
9. Guhring, Inc
10. Kilowood Cutting Tools
11. Xiamen Golden Egret Special Alloy Co. Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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