[Research Report] The carbide tools market was valued at US$ 10,623.97 million in 2020 and is projected to reach US$ 15,320.99 million by 2028; it is expected to grow at a CAGR of 4.8% from 2021 to 2028.
Rising developments in manufacturing designing and growing requirements to increase the production efficacy are establishing the base for the manufacturer’s investigation of superior machine tool products, thereby boosting the demand for carbide tools. The machine tools used across industries are primarily utilized for machining or shaping metal or other rigid materials to offer a unique form with the help of boring, grinding, shearing, and cutting. Presently, there are two main types of machine tools significantly being used across different industries – high-speed steel (HSS) and carbide tools. These tools are extensively used across machining applications due to their significant features such as high speed, reduced cycle time, long working life, retaining cutting edge at high machining temperature, and exceptional wear resistance at cutting edge. The rising popularity of carbide tools, particularly across manufacturing applications, is one of the significant factors expected to boost the market during the forecast period. Furthermore, these carbide tools are being used in manufacturing units across automotive, aerospace, railway, furniture & carpentry, energy & power, and healthcare equipment industries. In these industries, special cutting tools are used to design and manufacture a product, which is propelling the demand for carbide tools. The deployment of carbide tools across different industries to operate it manually or automatically is further boosting the growth of the carbide tools market globally.
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Carbide Tools Market: Strategic Insights
Market Size Value in US$ 10,623.97 Million in 2020 Market Size Value by US$ 15,320.99 Million by 2028 Growth rate CAGR of 4.8% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Carbide Tools Market: Strategic Insights
| Market Size Value in | US$ 10,623.97 Million in 2020 |
| Market Size Value by | US$ 15,320.99 Million by 2028 |
| Growth rate | CAGR of 4.8% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Carbide Tools Market
The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles’ and human’s movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has adversely affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. Therefore, manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities.
The worldwide lockdown to minimize the transmission of virus has significantly disrupted the supply chain activities along with production volume across several manufacturers, especially the small & medium enterprise owners. Moreover, the production activities in multiple industries have contracted significantly during 2020, resulting in decline in the carbide tools market. However, with the increasing need for healthcare products, the demand for carbide tools is surging from the medical industries.
Carbide Tools Market Insights
Increased Production in Automotive Sector Fuels Growth of Carbide Tools Market
Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for carbide tools. The sector widely uses carbide tools in crankshaft metal machining, face milling, and hole-making, among other machining operations involved in auto parts manufacturing. The automotive industry is obtaining excellent results with the use of tungsten carbide in ball joints, brakes, crank shafts in performance vehicles, and other mechanical parts of a vehicle that sees hard usage and extreme temperatures. Automotive giants such as Audi, BMW, Ford Motor Company, and Range Rover are contributing significantly to the carbide tools market growth. Hybrid electric vehicles are gaining traction in North America, thus boosting the carbide tools market growth in the region. Countries such as the US and Canada are prominent automotive manufacturers in the region. According to the American Automotive Policy Council, automakers and their suppliers contribute ~3% to the US GDP. General Motors Company, Ford Motor Company, Fiat Chrysler Automobiles, and Daimler are among the major automotive manufacturers in North America. As per data by the International Organization of Motor Vehicle Manufacturers, in 2019, the US and Canada manufactured ~2,512,780 and ~461,370 cars, respectively. Further, the carbide tools are also highly used in railway, aerospace & defense, and marine industries.
Tool Type - Based Market Insights
Based on tool type, the carbide tools market is segmented into end mills, tipped bores, burrs, drills, cutters, and other tools. In 2020, the end mills segment accounted for the largest share in the market.
Configuration-Based Market Insights
Based on configuration, the carbide tools market is bifurcated into hand-based and machine-based. In 2020, the machine-based segment accounted for a larger market share.
End-User-Based Market Insights
By end-user, the carbide tools market is segmented into automotive and transportation, metal fabrication, construction, oil and gas, heavy machinery, and other end-users. In 2020, the automotive and transportation segment accounted for the largest share in the market.
The players operating in the carbide tools market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In November 2020, GARR TOOL entered a partnership with Mastercam to offer complete tool library to customers natively inside the Mastercam platform. The partnership will be of tremendous value for current and future customers as the manufacturing process becomes more and more reliant on instant and easy access to data.
- In February 2019, CERATIZIT Group acquired 50% of the shares in Stadler Metalle GmbH & Co. KG. The company stated that the investment in Stadler enabled them to secure the entire raw materials supply chain and focus even more strongly on recycling carbide tools in the supply of raw materials.
Carbide Tools Market Report Scope
The global carbide tools market has been segmented as mentioned below:
By Tool Type
- End Mills
- Tipped Bores
- Burrs
- Drills
- Cutters
- Other Tools
By Configuration
By End-User
- Automotive and Transportation
- Metal Fabrication
- Construction
- Oil and Gas
- Heavy Machinery
- Other End-users
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Xinrui Industry Co., Ltd.
- CERATIZIT S.A.
- GARR TOOL
- Ingersoll Cutting Tool Company
- KYOCERA Precision Tools
- DIMAR GROUP
- MITSUBISHI MATERIALS Corporation
- Sandvik Coromant
- YG-1 Co., Ltd.
- Makita Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Tool Type , Configuration , and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The carbide tools market is led by end mills segment with highest share and is expected to dominate in the forecast period. The carbide end mills are heat resistant and are used in high-speed applications to cut the hardest materials, such as cast iron, alloys, plastics, and non-ferrous metals. End mills cut rotationally in a horizontal and lateral (side to side) direction. Moreover, carbide end mills are used to cut machine parts, wood engravings, jewelry designs, and plastic cutting, among others. The end mills usually perform operations including profiling, slotting, contouring, reaming, and counter boring.
The carbide cutting tools form an essential part of industrial tools. These tools are used in metal cutting tools for several materials on heavy duty machines such as CNC (computer numerical control) lathes, engines lathes, and turret lathes. Carbide cutting tools are extensively used in machining applications owing to their features such as high-speed operations; high temperature withstanding ability, allowing the retention of the cutting edge; exceptional wear resistance, especially at the cutting edge; and ability to reduce cycle time along with ensuring prolonged working life is anticipated to offer ample growth opportunities for the global carbide tools market players.
Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for carbide tools. The sector widely uses carbide tools in crankshaft metal machining, face milling, and hole-making, among other machining operations involved in auto parts manufacturing. The automotive industry is obtaining excellent results with the use of tungsten carbide in ball joints, brakes, crank shafts in performance vehicles, and other mechanical parts of a vehicle that sees hard usage and extreme temperatures. Automotive giants such as Audi, BMW, Ford Motor Company, and Range Rover are contributing significantly to the carbide tools market growth.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Carbide Tools Market – By Tool Type
1.3.2 Global Carbide Tools Market – By Configuration
1.3.3 Global Carbide Tools Market – By End-Users
1.3.4 Global Carbide Tools Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Carbide Tools Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Carbide Tools Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increased Production in Automotive Sector
5.1.2 Enhanced Performance of Carbide Tools over Counterparts
5.2 Market Restraints
5.2.1 Availability of Alternatives Solutions
5.3 Market Opportunities
5.3.1 Rising Demand for Enhanced Carbide Cutting Tools
5.4 Future Trends
5.4.1 Growing Demand in Diverse End-user Industries
5.5 Impact Analysis of Drivers and Restraints
6. Carbide Tools Market – Global Market Analysis
6.1 Carbide Tools Market Overview
6.2 Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
6.3 Market Positioning – Five Key Players
7. Carbide Tools Market Analysis– By Tool Type
7.1 Overview
7.2 Carbide Tools Market Breakdown, By Tool Type (2020 and 2028)
7.3 End Mills
7.3.1 Overview
7.3.2 End Mills :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.4 Tipped Bores
7.4.1 Overview
7.4.2 Tipped Bores :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.5 Burrs
7.5.1 Overview
7.5.2 Burrs :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.6 Drills
7.6.1 Overview
7.6.2 Drills :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.7 Cutters
7.7.1 Overview
7.7.2 Cutters :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.8 Other Tools
7.8.1 Overview
7.8.2 Other Tools :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
8. Carbide Tools Market Analysis– By Configuration
8.1 Overview
8.2 Carbide Tools Market Breakdown, By Configuration (2020 and 2028)
8.3 Hand-Based
8.3.1 Overview
8.3.2 Hand-Based :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
8.4 Machine-Based
8.4.1 Overview
8.4.2 Machine-Based :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9. Carbide Tools Market Analysis – By End-User
9.1 Overview
9.2 Carbide Tools Market, By End-User (2020 and 2028)
9.3 Automotive and Transportation
9.3.1 Overview
9.3.2 Automotive and Transportation :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.4 Metal Fabrication
9.4.1 Overview
9.4.2 Metal Fabrication :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.5 Construction
9.5.1 Overview
9.5.2 Construction :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.6 Oil and Gas
9.6.1 Overview
9.6.2 Oil and Gas :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.7 Heavy Machinery
9.7.1 Overview
9.7.2 Heavy Machinery :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.8 Other End-users
9.8.1 Overview
9.8.2 Other End-users Industry :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
10. Carbide Tools Market – Geographic Analysis
10.1 Overview
10.2 North America: Carbide tools Market
10.2.1 North America: Carbide tools Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Carbide tools Market, by Tool Type
10.2.3 North America: Carbide tools Market, by Configuration
10.2.4 North America: Carbide tools Market, by End-Users
10.2.5 North America: Carbide tools Market, by Key Country
10.2.5.1 US: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Carbide Tools Market, by Tool Type
10.2.5.1.2 US: Carbide Tools Market, by Configuration
10.2.5.1.3 US: Carbide Tools Market, by End-Users
10.2.5.2 Canada: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Carbide Tools Market, by Tool Type
10.2.5.2.2 Canada: Carbide Tools Market, by Configuration
10.2.5.2.3 Canada: Carbide Tools Market, by End-Users
10.2.5.3 Mexico: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Carbide Tools Market, by Tool Type
10.2.5.3.2 Mexico: Carbide Tools Market, by Configuration
10.2.5.3.3 Mexico: Carbide Tools Market, by End-Users
10.3 Europe: Carbide Tools Market
10.3.1 Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Carbide Tools Market, by Tool Type
10.3.3 Europe: Carbide Tools Market, by Configuration
10.3.4 Europe: Carbide Tools Market, by End-Users
10.3.5 Europe: Carbide Tools Market, by Key Country
10.3.5.1 Germany: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Carbide Tools Market, by Tool Type
10.3.5.1.2 Germany: Carbide Tools Market, by Configuration
10.3.5.1.3 Germany: Carbide Tools Market, by End-Users
10.3.5.2 France: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Carbide Tools Market, by Tool Type
10.3.5.2.2 France: Carbide Tools Market, by Configuration
10.3.5.2.3 France: Carbide Tools Market, by End-Users
10.3.5.3 Italy: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Carbide Tools Market, by Tool Type
10.3.5.3.2 Italy: Carbide Tools Market, by Configuration
10.3.5.3.3 Italy: Carbide Tools Market, by End-Users
10.3.5.4 UK: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Carbide Tools Market, by Tool Type
10.3.5.4.2 UK: Carbide Tools Market, by Configuration
10.3.5.4.3 UK: Carbide Tools Market, by End-Users
10.3.5.5 Russia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Carbide Tools Market, by Tool Type
10.3.5.5.2 Russia: Carbide Tools Market, by Configuration
10.3.5.5.3 Russia: Carbide Tools Market, by End-Users
10.3.5.6 Rest of Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Carbide Tools Market, by Tool Type
10.3.5.6.2 Rest of Europe: Carbide Tools Market, by Configuration
10.3.5.6.3 Rest of Europe: Carbide Tools Market, by End-Users
10.4 Asia Pacific: Carbide Tools Market
10.4.1 Asia Pacific: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Carbide Tools Market, by Tool Type
10.4.3 Asia Pacific: Carbide Tools Market, by Configuration
10.4.4 Asia Pacific: Carbide Tools Market, by End-Users
10.4.5 Asia Pacific: Carbide Tools Market, by Key Country
10.4.5.1 Australia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Carbide Tools Market, by Tool Type
10.4.5.1.2 Australia: Carbide Tools Market, by Configuration
10.4.5.1.3 Australia: Carbide Tools Market, by End-Users
10.4.5.2 China: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Carbide Tools Market, by Tool Type
10.4.5.2.2 China: Carbide Tools Market, by Configuration
10.4.5.2.3 China: Carbide Tools Market, by End-Users
10.4.5.3 India: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Carbide Tools Market, by Tool Type
10.4.5.3.2 India: Carbide Tools Market, by Configuration
10.4.5.3.3 India: Carbide Tools Market, by End-Users
10.4.5.4 Japan: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Carbide Tools Market, by Tool Type
10.4.5.4.2 Japan: Carbide Tools Market, by Configuration
10.4.5.4.3 Japan: Carbide Tools Market, by End-Users
10.4.5.5 South Korea: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Carbide Tools Market, by Tool Type
10.4.5.5.2 South Korea: Carbide Tools Market, by Configuration
10.4.5.5.3 South Korea: Carbide Tools Market, by End-Users
10.4.5.6 Rest of Asia Pacific: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia Pacific: Carbide Tools Market, by Tool Type
10.4.5.6.2 Rest of Asia Pacific: Carbide Tools Market, by Configuration
10.4.5.6.3 Rest of Asia Pacific: Carbide Tools Market, by End-Users
10.5 Middle East & Africa (MEA): Carbide Tools Market
10.5.1 MEA: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Carbide Tools Market, by Tool Type
10.5.3 MEA: Carbide Tools Market, by Configuration
10.5.4 MEA: Carbide Tools Market, by End-Users
10.5.5 MEA: Carbide Tools Market, by Key Country
10.5.5.1 South Africa: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Carbide Tools Market, by Tool Type
10.5.5.1.2 South Africa: Carbide Tools Market, by Configuration
10.5.5.1.3 South Africa: Carbide Tools Market, by End-Users
10.5.5.2 Saudi Arabia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Carbide Tools Market, by Tool Type
10.5.5.2.2 Saudi Arabia: Carbide Tools Market, by Configuration
10.5.5.2.3 Saudi Arabia: Carbide Tools Market, by End-Users
10.5.5.3 UAE: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Carbide Tools Market, by Tool Type
10.5.5.3.2 UAE: Carbide Tools Market, by Configuration
10.5.5.3.3 UAE: Carbide Tools Market, by End-Users
10.5.5.4 Rest of MEA: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Carbide Tools Market, by Tool Type
10.5.5.4.2 Rest of MEA: Carbide Tools Market, by Configuration
10.5.5.4.3 Rest of MEA: Carbide Tools Market, by End-Users
10.6 South America: Carbide Tools Market
10.6.1 South America: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 South America: Carbide Tools Market, by Tool Type
10.6.3 South America: Carbide Tools Market, by Configuration
10.6.4 South America: Carbide Tools Market, by End-Users
10.6.5 South America: Carbide Tools Market, by Key Country
10.6.5.1 Brazil: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Carbide Tools Market, by Tool Type
10.6.5.1.2 Brazil: Carbide Tools Market, by Configuration
10.6.5.1.3 Brazil: Carbide Tools Market, by End-Users
10.6.5.2 Argentina: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Carbide Tools Market, by Tool Type
10.6.5.2.2 Argentina: Carbide Tools Market, by Configuration
10.6.5.2.3 Argentina: Carbide Tools Market, by End-Users
10.6.5.3 Rest of SAM: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Carbide Tools Market, by Tool Type
10.6.5.3.2 Rest of SAM: Carbide Tools Market, by Configuration
10.6.5.3.3 Rest of SAM: Carbide Tools Market, by End-Users
11. Carbide Tools Market- COVID-19 Impact Analysis
11.1 Overview
11.2 North America
11.3 Europe
11.4 APAC
11.5 MEA
11.6 SAM
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Xinrui Industry Co., Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CERATIZIT S.A.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 GARR TOOL
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Ingersoll Cutting Tool Company
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 KYOCERA Precision Tools
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 DIMAR GROUP
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 MITSUBISHI MATERIALS Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Sandvik Coromant
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 YG-1 Co., Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Makita Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Carbide tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Carbide tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Carbide tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Carbide tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Carbide Tools Market, by Tool Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Carbide Tools Market, by Configuration –Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (Canada$ Million)
Table 12. Mexico: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (Mexico$ Million)
Table 15. Europe: Carbide Tools Market, by Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe Carbide Tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Carbide Tools Market, by Tool Type– Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific Carbide Tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of Asia Pacific: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of Asia Pacific: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of Asia Pacific: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (USD Million)
Table 60. MEA: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA Carbide Tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 68. Saudi Arabia: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 71. UAE: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 75. South America: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. South America: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 77. South America: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)
Table 78. South America Carbide Tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 79. Brazil: Carbide Tools Market, by Tool Type –Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Carbide Tools Market, by Configuration –Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Carbide Tools Market, by Tool Type –Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Carbide Tools Market, by Configuration –Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (Rest of SAM$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Carbide Tools Market Segmentation
Figure 2. Carbide Tools Market Segmentation – By Geography
Figure 3. Global Carbide Tools Market Overview
Figure 4. End Mills Segment held the Largest Share of Carbide Tools Market
Figure 5. Machine-Based Segment held the Largest Share of Carbide Tools Market
Figure 6. Automotive and Transportation segment held the Largest Share of Carbide Tools Market
Figure 7. APAC to Show Great Traction During Forecast Period
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Asia-Pacific- PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. South America- PEST Analysis
Figure 13. Carbide Tools Market, Ecosystem
Figure 14. Expert Opinions
Figure 15. Carbide Tools Market Impact Analysis of Drivers and Restraints
Figure 16. Carbide Tools Market – Geographic Analysis
Figure 17. Carbide Tools Market Revenue and Forecast to 2028(US$ Million) (US$ Million)
Figure 18. Carbide Tools Market Breakdown, By Tool Type (2020 and 2028)
Figure 19. End Mills :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 20. Tipped Bores :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 21. Burrs :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 22. Drills :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 23. Cutters :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 24. Other Tools :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 25. Carbide Tools Market Breakdown, By Configuration (2020 and 2028)
Figure 26. Hand-Based :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 27. Machine-Based :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 28. Carbide Tools Market Breakdown, By End-User (2020 and 2028)
Figure 29. Automotive and Transportation :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 30. Metal Fabrication :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 31. Construction :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 32. Oil and Gas :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 33. Heavy Machinery Industry :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 34. Other end-users :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 35. Global Carbide tools Market Revenue Share, by Region (2020 and 2028)
Figure 36. North America: Carbide tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. North America: Carbide tools Market Revenue Share, by Tool Type (2020 and 2028)
Figure 38. North America: Carbide tools Market Revenue Share, by Configuration (2020 and 2028)
Figure 39. North America: Carbide tools Market Revenue Share, by End-Users (2020 and 2028)
Figure 40. North America: Carbide tools Market Revenue Share, by Key Country (2020 and 2028)
Figure 41. US: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Canada: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Mexico: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Europe: Carbide Tools Market Revenue Share, by Tool Type (2020 and 2028)
Figure 46. Europe: Carbide Tools Market Revenue Share, by Configuration (2020 and 2028)
Figure 47. Europe: Carbide Tools Market Revenue Share, by End-Users (2020 and 2028)
Figure 48. Europe: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)
Figure 49. Germany: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. France: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Italy: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. UK: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Russia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Rest of Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Asia Pacific: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Asia Pacific: Carbide Tools Market Revenue Share, by Tool Type (2020 and 2028)
Figure 57. Asia Pacific: Carbide Tools Market Revenue Share, by Configuration (2020 and 2028)
Figure 58. Asia Pacific: Carbide Tools Market Revenue Share, by End-Users (2020 and 2028)
Figure 59. Asia Pacific: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)
Figure 60. Australia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. China: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. India: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Japan: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. South Korea: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of Asia Pacific: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. MEA: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. MEA: Carbide Tools Market Revenue Share, by Tool Type (2020 and 2028)
Figure 68. MEA: Carbide Tools Market Revenue Share, by Configuration (2020 and 2028)
Figure 69. MEA: Carbide Tools Market Revenue Share, by End-Users (2020 and 2028)
Figure 70. MEA: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)
Figure 71. South Africa: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. Saudi Arabia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. UAE: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. Rest of MEA: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. South America: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. South America: Carbide Tools Market Revenue Share, by Tool Type (2020 and 2028)
Figure 77. South America: Carbide Tools Market Revenue Share, by Configuration (2020 and 2028)
Figure 78. South America: Carbide Tools Market Revenue Share, by End-Users (2020 and 2028)
Figure 79. South America: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)
Figure 80. Brazil: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 81. Argentina: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 82. Rest of SAM: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)
Figure 83. Impact of COVID-19 Pandemic in North American Country Markets
Figure 84. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 85. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 86. Impact of COVID-19 Pandemic in MEA Markets
Figure 87. Impact of COVID-19 Pandemic in SAM Markets
The List of Companies - Carbide Tools Market
- Mitsubishi Materials Corporation
- Sandvik Coromant
- KYOCERA Precision Tools
- Ingersoll Cutting Tool Company
- CERATIZIT S.A.
- Xinrui Industry Co., Ltd.
- GARR TOOL
- DIMAR GROUP
- YG-1 Co., Ltd.
- Makita Corporation
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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