Report Detail
Global Cutting Tools Market Insights, Forecast to 2025
- RnM2937783 |
- 13 February, 2019 |
- Global |
- 144 Pages |
- QYResearch |
- Machinery & Equipment
In the context of machining, a cutting tool or cutter is any tool that is used to remove material from the workpiece by means of shear deformation. Cutting may be accomplished by single-point or multipoint tools. Single-point tools are used in turning, shaping, planing and similar operations, and remove material by means of one cutting edge. Milling and drilling tools are often multipoint tools. Grinding tools are also multipoint tools. Each grain of abrasive functions as a microscopic single-point cutting edge (although of high negative rake angle), and shears a tiny chip.
In the Metal Cutting Tools market, Sandvik, Kennametal, Iscar, OSG respectively account for 3.88%, 1.62%, 1.24%, 1.06% market share in 2017, and the sum of the market share percentage held by the largest number of firms in this industry is less than 50%, which indicate that the Metal Cutting Tools industry is perfectly competitive and is considered low concentration. The reason is the manufacturing technology of Metal Cutting Tools is relatively more mature than some high-tech equipment.
In the coming years there is an increasing demand for Metal Cutting Tools in the regions of USA and Europe that is expected to drive the market for more advanced Metal Cutting Tools. Increasing of automotive fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Metal Cutting Tools will drive growth in China markets.
The Revenue of Metal Cutting Tools is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Metal Cutting Tools industry may not keep that fast. But it is surely forecasted that the market of Metal Cutting Tools is still promising.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Metal Cutting Tools market to approach these areas. QYR analysis of the Metal Cutting Tools market indicated that Asia would account for the highest consumption in 2022 with close to 25.97 percent of global revenue coming from this region, and it’s keeping grow as the increasing of the market. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of Metal Cutting Tools is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Metal Cutting Tools and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
The Cutting Tools market was valued at 34000 Million US$ in 2018 and is projected to reach 41400 Million US$ by 2025, at a CAGR of 2.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Cutting Tools.
This report presents the worldwide Cutting Tools market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Sandvik
Kennametal
Iscar
OSG
Mitsubishi
Kyocera
Sumitomo
Mapal
Nachi-Fujikoshi
LMT
ZCCCT
YG-1
Shanghai Tool
Korloy
Union Tool
Tiangong
Guhring
Harbin No.1 Tool
Tivoly
Ceratizit
Hitachi
Feidadrills
Chengdu Chengliang
BIG Kaiser
Addison
Hanjiang
EST Tools
Xiamen Golden Erge
AHNO
Sandhog
Cutting Tools Breakdown Data by Type
Cemented Carbide
High Speed Steel
Ceramics
Diamond
Others
Cutting Tools Breakdown Data by Application
Milling
Turning
Drilling
Grinding
Others
Cutting Tools Production by Region
United States
Europe
China
Japan
Other Regions
Cutting Tools Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Cutting Tools status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Cutting Tools manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Cutting Tools :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (M Pcs). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Cutting Tools market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Table of Contents
1 Study Coverage
- 1.1 Cutting Tools Product
- 1.2 Key Market Segments in This Study
- 1.3 Key Manufacturers Covered
- 1.4 Market by Type
- 1.4.1 Global Cutting Tools Market Size Growth Rate by Type
- 1.4.2 Cemented Carbide
- 1.4.3 High Speed Steel
- 1.4.4 Ceramics
- 1.4.5 Diamond
- 1.4.6 Others
- 1.5 Market by Application
- 1.5.1 Global Cutting Tools Market Size Growth Rate by Application
- 1.5.2 Milling
- 1.5.3 Turning
- 1.5.4 Drilling
- 1.5.5 Grinding
- 1.5.6 Others
- 1.6 Study Objectives
- 1.7 Years Considered
2 Executive Summary
- 2.1 Global Cutting Tools Market Size
- 2.1.1 Global Cutting Tools Revenue 2014-2025
- 2.1.2 Global Cutting Tools Production 2014-2025
- 2.2 Cutting Tools Growth Rate (CAGR) 2019-2025
- 2.3 Analysis of Competitive Landscape
- 2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
- 2.3.2 Key Cutting Tools Manufacturers
- 2.3.2.1 Cutting Tools Manufacturing Base Distribution, Headquarters
- 2.3.2.2 Manufacturers Cutting Tools Product Offered
- 2.3.2.3 Date of Manufacturers Enter into Cutting Tools Market
- 2.4 Key Trends for Cutting Tools Markets & Products
3 Market Size by Manufacturers
- 3.1 Cutting Tools Production by Manufacturers
- 3.1.1 Cutting Tools Production by Manufacturers
- 3.1.2 Cutting Tools Production Market Share by Manufacturers
- 3.2 Cutting Tools Revenue by Manufacturers
- 3.2.1 Cutting Tools Revenue by Manufacturers (2014-2019)
- 3.2.2 Cutting Tools Revenue Share by Manufacturers (2014-2019)
- 3.3 Cutting Tools Price by Manufacturers
- 3.4 Mergers & Acquisitions, Expansion Plans
4 Cutting Tools Production by Regions
- 4.1 Global Cutting Tools Production by Regions
- 4.1.1 Global Cutting Tools Production Market Share by Regions
- 4.1.2 Global Cutting Tools Revenue Market Share by Regions
- 4.2 United States
- 4.2.1 United States Cutting Tools Production
- 4.2.2 United States Cutting Tools Revenue
- 4.2.3 Key Players in United States
- 4.2.4 United States Cutting Tools Import & Export
- 4.3 Europe
- 4.3.1 Europe Cutting Tools Production
- 4.3.2 Europe Cutting Tools Revenue
- 4.3.3 Key Players in Europe
- 4.3.4 Europe Cutting Tools Import & Export
- 4.4 China
- 4.4.1 China Cutting Tools Production
- 4.4.2 China Cutting Tools Revenue
- 4.4.3 Key Players in China
- 4.4.4 China Cutting Tools Import & Export
- 4.5 Japan
- 4.5.1 Japan Cutting Tools Production
- 4.5.2 Japan Cutting Tools Revenue
- 4.5.3 Key Players in Japan
- 4.5.4 Japan Cutting Tools Import & Export
- 4.6 Other Regions
- 4.6.1 South Korea
- 4.6.2 India
- 4.6.3 Southeast Asia
5 Cutting Tools Consumption by Regions
- 5.1 Global Cutting Tools Consumption by Regions
- 5.1.1 Global Cutting Tools Consumption by Regions
- 5.1.2 Global Cutting Tools Consumption Market Share by Regions
- 5.2 North America
- 5.2.1 North America Cutting Tools Consumption by Application
- 5.2.2 North America Cutting Tools Consumption by Countries
- 5.2.3 United States
- 5.2.4 Canada
- 5.2.5 Mexico
- 5.3 Europe
- 5.3.1 Europe Cutting Tools Consumption by Application
- 5.3.2 Europe Cutting Tools Consumption by Countries
- 5.3.3 Germany
- 5.3.4 France
- 5.3.5 UK
- 5.3.6 Italy
- 5.3.7 Russia
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Cutting Tools Consumption by Application
- 5.4.2 Asia Pacific Cutting Tools Consumption by Countries
- 5.4.3 China
- 5.4.4 Japan
- 5.4.5 South Korea
- 5.4.6 India
- 5.4.7 Australia
- 5.4.8 Indonesia
- 5.4.9 Thailand
- 5.4.10 Malaysia
- 5.4.11 Philippines
- 5.4.12 Vietnam
- 5.5 Central & South America
- 5.5.1 Central & South America Cutting Tools Consumption by Application
- 5.5.2 Central & South America Cutting Tools Consumption by Country
- 5.5.3 Brazil
- 5.6 Middle East and Africa
- 5.6.1 Middle East and Africa Cutting Tools Consumption by Application
- 5.6.2 Middle East and Africa Cutting Tools Consumption by Countries
- 5.6.3 GCC Countries
- 5.6.4 Egypt
- 5.6.5 South Africa
6 Market Size by Type
- 6.1 Global Cutting Tools Production by Type
- 6.2 Global Cutting Tools Revenue by Type
- 6.3 Cutting Tools Price by Type
7 Market Size by Application
- 7.1 Overview
- 7.2 Global Cutting Tools Breakdown Dada by Application
- 7.2.1 Global Cutting Tools Consumption by Application
- 7.2.2 Global Cutting Tools Consumption Market Share by Application (2014-2019)
8 Manufacturers Profiles
- 8.1 Sandvik
- 8.1.1 Sandvik Company Details
- 8.1.2 Company Overview
- 8.1.3 Sandvik Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.1.4 Sandvik Cutting Tools Product Description
- 8.1.5 Sandvik Recent Development
- 8.2 Kennametal
- 8.2.1 Kennametal Company Details
- 8.2.2 Company Overview
- 8.2.3 Kennametal Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.2.4 Kennametal Cutting Tools Product Description
- 8.2.5 Kennametal Recent Development
- 8.3 Iscar
- 8.3.1 Iscar Company Details
- 8.3.2 Company Overview
- 8.3.3 Iscar Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.3.4 Iscar Cutting Tools Product Description
- 8.3.5 Iscar Recent Development
- 8.4 OSG
- 8.4.1 OSG Company Details
- 8.4.2 Company Overview
- 8.4.3 OSG Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.4.4 OSG Cutting Tools Product Description
- 8.4.5 OSG Recent Development
- 8.5 Mitsubishi
- 8.5.1 Mitsubishi Company Details
- 8.5.2 Company Overview
- 8.5.3 Mitsubishi Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.5.4 Mitsubishi Cutting Tools Product Description
- 8.5.5 Mitsubishi Recent Development
- 8.6 Kyocera
- 8.6.1 Kyocera Company Details
- 8.6.2 Company Overview
- 8.6.3 Kyocera Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.6.4 Kyocera Cutting Tools Product Description
- 8.6.5 Kyocera Recent Development
- 8.7 Sumitomo
- 8.7.1 Sumitomo Company Details
- 8.7.2 Company Overview
- 8.7.3 Sumitomo Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.7.4 Sumitomo Cutting Tools Product Description
- 8.7.5 Sumitomo Recent Development
- 8.8 Mapal
- 8.8.1 Mapal Company Details
- 8.8.2 Company Overview
- 8.8.3 Mapal Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.8.4 Mapal Cutting Tools Product Description
- 8.8.5 Mapal Recent Development
- 8.9 Nachi-Fujikoshi
- 8.9.1 Nachi-Fujikoshi Company Details
- 8.9.2 Company Overview
- 8.9.3 Nachi-Fujikoshi Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.9.4 Nachi-Fujikoshi Cutting Tools Product Description
- 8.9.5 Nachi-Fujikoshi Recent Development
- 8.10 LMT
- 8.10.1 LMT Company Details
- 8.10.2 Company Overview
- 8.10.3 LMT Cutting Tools Production Revenue and Gross Margin (2014-2019)
- 8.10.4 LMT Cutting Tools Product Description
- 8.10.5 LMT Recent Development
- 8.11 ZCCCT
- 8.12 YG-1
- 8.13 Shanghai Tool
- 8.14 Korloy
- 8.15 Union Tool
- 8.16 Tiangong
- 8.17 Guhring
- 8.18 Harbin No.1 Tool
- 8.19 Tivoly
- 8.20 Ceratizit
- 8.21 Hitachi
- 8.22 Feidadrills
- 8.23 Chengdu Chengliang
- 8.24 BIG Kaiser
- 8.25 Addison
- 8.26 Hanjiang
- 8.27 EST Tools
- 8.28 Xiamen Golden Erge
- 8.29 AHNO
- 8.30 Sandhog
9 Production Forecasts
- 9.1 Cutting Tools Production and Revenue Forecast
- 9.1.1 Global Cutting Tools Production Forecast 2019-2025
- 9.1.2 Global Cutting Tools Revenue Forecast 2019-2025
- 9.2 Cutting Tools Production and Revenue Forecast by Regions
- 9.2.1 Global Cutting Tools Revenue Forecast by Regions
- 9.2.2 Global Cutting Tools Production Forecast by Regions
- 9.3 Cutting Tools Key Producers Forecast
- 9.3.1 United States
- 9.3.2 Europe
- 9.3.3 China
- 9.3.4 Japan
- 9.4 Forecast by Type
- 9.4.1 Global Cutting Tools Production Forecast by Type
- 9.4.2 Global Cutting Tools Revenue Forecast by Type
10 Consumption Forecast
- 10.1 Cutting Tools Consumption Forecast by Application
- 10.2 Cutting Tools Consumption Forecast by Regions
- 10.3 North America Market Consumption Forecast
- 10.3.1 North America Cutting Tools Consumption Forecast by Regions 2019-2025
- 10.3.2 United States
- 10.3.3 Canada
- 10.3.4 Mexico
- 10.4 Europe Market Consumption Forecast
- 10.4.1 Europe Cutting Tools Consumption Forecast by Regions 2019-2025
- 10.4.2 Germany
- 10.4.3 France
- 10.4.4 UK
- 10.4.5 Italy
- 10.4.6 Russia
- 10.5 Asia Pacific Market Consumption Forecast
- 10.5.1 Asia Pacific Cutting Tools Consumption Forecast by Regions 2019-2025
- 10.5.2 China
- 10.5.3 Japan
- 10.5.4 South Korea
- 10.5.5 India
- 10.5.6 Australia
- 10.5.7 Indonesia
- 10.5.8 Thailand
- 10.5.9 Malaysia
- 10.5.10 Philippines
- 10.5.11 Vietnam
- 10.6 Central & South America Market Consumption Forecast
- 10.6.1 Central & South America Cutting Tools Consumption Forecast by Regions 2019-2025
- 10.6.2 Brazil
- 10.7 Middle East and Africa Market Consumption Forecast
- 10.7.1 Middle East and Africa Cutting Tools Consumption Forecast by Regions 2019-2025
- 10.7.2 GCC Countries
- 10.7.3 Egypt
- 10.7.4 South Africa
11 Value Chain and Sales Channels Analysis
- 11.1 Value Chain Analysis
- 11.2 Sales Channels Analysis
- 11.2.1 Cutting Tools Sales Channels
- 11.2.2 Cutting Tools Distributors
- 11.3 Cutting Tools Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
- 12.1 Market Opportunities and Drivers
- 12.2 Market Challenges
- 12.3 Market Risks/Restraints
13 Key Findings in the Global Cutting Tools Study
14 Appendix
- 14.1 Research Methodology
- 14.1.1 Methodology/Research Approach
- 14.1.1.1 Research Programs/Design
- 14.1.1.2 Market Size Estimation
- 14.1.1.3 Market Breakdown and Data Triangulation
- 14.1.2 Data Source
- 14.1.2.1 Secondary Sources
- 14.1.2.2 Primary Sources
- 14.1.1 Methodology/Research Approach
- 14.2 Author Details
Summary:
Get latest Market Research Reports on Cutting Tools . Industry analysis & Market Report on Cutting Tools is a syndicated market report, published as Global Cutting Tools Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Cutting Tools market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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