Global Metal Cutting Tools Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029
1 Market Overview
- 1.1 Product Overview and Scope of Metal Cutting Tools
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Market Analysis by Type
- 1.3.1 Overview: Global Metal Cutting Tools Consumption Value by Type: 2018 Versus 2022 Versus 2029
- 1.3.2 Turning Tool
- 1.3.3 Milling Tool
- 1.3.4 Drilling Tool
- 1.3.5 Threading Tools
- 1.3.6 Others
- 1.4 Market Analysis by Application
- 1.4.1 Overview: Global Metal Cutting Tools Consumption Value by Application: 2018 Versus 2022 Versus 2029
- 1.4.2 Automotive
- 1.4.3 Machinery
- 1.4.4 Electronics
- 1.4.5 Railway & Aerospace
- 1.4.6 Others
- 1.5 Global Metal Cutting Tools Market Size & Forecast
- 1.5.1 Global Metal Cutting Tools Consumption Value (2018 & 2022 & 2029)
- 1.5.2 Global Metal Cutting Tools Sales Quantity (2018-2029)
- 1.5.3 Global Metal Cutting Tools Average Price (2018-2029)
2 Manufacturers Profiles
- 2.1 Mitsubishi Materials
- 2.1.1 Mitsubishi Materials Details
- 2.1.2 Mitsubishi Materials Major Business
- 2.1.3 Mitsubishi Materials Metal Cutting Tools Product and Services
- 2.1.4 Mitsubishi Materials Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.1.5 Mitsubishi Materials Recent Developments/Updates
- 2.2 Sandvik
- 2.2.1 Sandvik Details
- 2.2.2 Sandvik Major Business
- 2.2.3 Sandvik Metal Cutting Tools Product and Services
- 2.2.4 Sandvik Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.2.5 Sandvik Recent Developments/Updates
- 2.3 OSG
- 2.3.1 OSG Details
- 2.3.2 OSG Major Business
- 2.3.3 OSG Metal Cutting Tools Product and Services
- 2.3.4 OSG Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.3.5 OSG Recent Developments/Updates
- 2.4 Sumitomo Electric
- 2.4.1 Sumitomo Electric Details
- 2.4.2 Sumitomo Electric Major Business
- 2.4.3 Sumitomo Electric Metal Cutting Tools Product and Services
- 2.4.4 Sumitomo Electric Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.4.5 Sumitomo Electric Recent Developments/Updates
- 2.5 Kyocera
- 2.5.1 Kyocera Details
- 2.5.2 Kyocera Major Business
- 2.5.3 Kyocera Metal Cutting Tools Product and Services
- 2.5.4 Kyocera Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.5.5 Kyocera Recent Developments/Updates
- 2.6 IMC Group
- 2.6.1 IMC Group Details
- 2.6.2 IMC Group Major Business
- 2.6.3 IMC Group Metal Cutting Tools Product and Services
- 2.6.4 IMC Group Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.6.5 IMC Group Recent Developments/Updates
- 2.7 Kennametal
- 2.7.1 Kennametal Details
- 2.7.2 Kennametal Major Business
- 2.7.3 Kennametal Metal Cutting Tools Product and Services
- 2.7.4 Kennametal Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.7.5 Kennametal Recent Developments/Updates
- 2.8 Zhuzhou Cemented Carbide Group
- 2.8.1 Zhuzhou Cemented Carbide Group Details
- 2.8.2 Zhuzhou Cemented Carbide Group Major Business
- 2.8.3 Zhuzhou Cemented Carbide Group Metal Cutting Tools Product and Services
- 2.8.4 Zhuzhou Cemented Carbide Group Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.8.5 Zhuzhou Cemented Carbide Group Recent Developments/Updates
- 2.9 Nachi-Fujikoshi
- 2.9.1 Nachi-Fujikoshi Details
- 2.9.2 Nachi-Fujikoshi Major Business
- 2.9.3 Nachi-Fujikoshi Metal Cutting Tools Product and Services
- 2.9.4 Nachi-Fujikoshi Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.9.5 Nachi-Fujikoshi Recent Developments/Updates
- 2.10 Shanghai Tool
- 2.10.1 Shanghai Tool Details
- 2.10.2 Shanghai Tool Major Business
- 2.10.3 Shanghai Tool Metal Cutting Tools Product and Services
- 2.10.4 Shanghai Tool Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.10.5 Shanghai Tool Recent Developments/Updates
- 2.11 YG-1
- 2.11.1 YG-1 Details
- 2.11.2 YG-1 Major Business
- 2.11.3 YG-1 Metal Cutting Tools Product and Services
- 2.11.4 YG-1 Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.11.5 YG-1 Recent Developments/Updates
- 2.12 Union Tool
- 2.12.1 Union Tool Details
- 2.12.2 Union Tool Major Business
- 2.12.3 Union Tool Metal Cutting Tools Product and Services
- 2.12.4 Union Tool Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.12.5 Union Tool Recent Developments/Updates
- 2.13 Ceratizit
- 2.13.1 Ceratizit Details
- 2.13.2 Ceratizit Major Business
- 2.13.3 Ceratizit Metal Cutting Tools Product and Services
- 2.13.4 Ceratizit Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.13.5 Ceratizit Recent Developments/Updates
- 2.14 Mapal
- 2.14.1 Mapal Details
- 2.14.2 Mapal Major Business
- 2.14.3 Mapal Metal Cutting Tools Product and Services
- 2.14.4 Mapal Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.14.5 Mapal Recent Developments/Updates
- 2.15 Korloy
- 2.15.1 Korloy Details
- 2.15.2 Korloy Major Business
- 2.15.3 Korloy Metal Cutting Tools Product and Services
- 2.15.4 Korloy Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.15.5 Korloy Recent Developments/Updates
- 2.16 Xiamen Jinlu
- 2.16.1 Xiamen Jinlu Details
- 2.16.2 Xiamen Jinlu Major Business
- 2.16.3 Xiamen Jinlu Metal Cutting Tools Product and Services
- 2.16.4 Xiamen Jinlu Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.16.5 Xiamen Jinlu Recent Developments/Updates
- 2.17 Tiangong
- 2.17.1 Tiangong Details
- 2.17.2 Tiangong Major Business
- 2.17.3 Tiangong Metal Cutting Tools Product and Services
- 2.17.4 Tiangong Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.17.5 Tiangong Recent Developments/Updates
- 2.18 DIJET
- 2.18.1 DIJET Details
- 2.18.2 DIJET Major Business
- 2.18.3 DIJET Metal Cutting Tools Product and Services
- 2.18.4 DIJET Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.18.5 DIJET Recent Developments/Updates
- 2.19 LMT
- 2.19.1 LMT Details
- 2.19.2 LMT Major Business
- 2.19.3 LMT Metal Cutting Tools Product and Services
- 2.19.4 LMT Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.19.5 LMT Recent Developments/Updates
- 2.20 Beijing Worldia Diamond Tools
- 2.20.1 Beijing Worldia Diamond Tools Details
- 2.20.2 Beijing Worldia Diamond Tools Major Business
- 2.20.3 Beijing Worldia Diamond Tools Metal Cutting Tools Product and Services
- 2.20.4 Beijing Worldia Diamond Tools Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.20.5 Beijing Worldia Diamond Tools Recent Developments/Updates
- 2.21 Harbin Measuring & Cutting Tool
- 2.21.1 Harbin Measuring & Cutting Tool Details
- 2.21.2 Harbin Measuring & Cutting Tool Major Business
- 2.21.3 Harbin Measuring & Cutting Tool Metal Cutting Tools Product and Services
- 2.21.4 Harbin Measuring & Cutting Tool Metal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.21.5 Harbin Measuring & Cutting Tool Recent Developments/Updates
3 Competitive Environment: Metal Cutting Tools by Manufacturer
- 3.1 Global Metal Cutting Tools Sales Quantity by Manufacturer (2018-2023)
- 3.2 Global Metal Cutting Tools Revenue by Manufacturer (2018-2023)
- 3.3 Global Metal Cutting Tools Average Price by Manufacturer (2018-2023)
- 3.4 Market Share Analysis (2022)
- 3.4.1 Producer Shipments of Metal Cutting Tools by Manufacturer Revenue ($MM) and Market Share (%): 2022
- 3.4.2 Top 3 Metal Cutting Tools Manufacturer Market Share in 2022
- 3.4.2 Top 6 Metal Cutting Tools Manufacturer Market Share in 2022
- 3.5 Metal Cutting Tools Market: Overall Company Footprint Analysis
- 3.5.1 Metal Cutting Tools Market: Region Footprint
- 3.5.2 Metal Cutting Tools Market: Company Product Type Footprint
- 3.5.3 Metal Cutting Tools Market: Company Product Application Footprint
- 3.6 New Market Entrants and Barriers to Market Entry
- 3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
- 4.1 Global Metal Cutting Tools Market Size by Region
- 4.1.1 Global Metal Cutting Tools Sales Quantity by Region (2018-2029)
- 4.1.2 Global Metal Cutting Tools Consumption Value by Region (2018-2029)
- 4.1.3 Global Metal Cutting Tools Average Price by Region (2018-2029)
- 4.2 North America Metal Cutting Tools Consumption Value (2018-2029)
- 4.3 Europe Metal Cutting Tools Consumption Value (2018-2029)
- 4.4 Asia-Pacific Metal Cutting Tools Consumption Value (2018-2029)
- 4.5 South America Metal Cutting Tools Consumption Value (2018-2029)
- 4.6 Middle East and Africa Metal Cutting Tools Consumption Value (2018-2029)
5 Market Segment by Type
- 5.1 Global Metal Cutting Tools Sales Quantity by Type (2018-2029)
- 5.2 Global Metal Cutting Tools Consumption Value by Type (2018-2029)
- 5.3 Global Metal Cutting Tools Average Price by Type (2018-2029)
6 Market Segment by Application
- 6.1 Global Metal Cutting Tools Sales Quantity by Application (2018-2029)
- 6.2 Global Metal Cutting Tools Consumption Value by Application (2018-2029)
- 6.3 Global Metal Cutting Tools Average Price by Application (2018-2029)
7 North America
- 7.1 North America Metal Cutting Tools Sales Quantity by Type (2018-2029)
- 7.2 North America Metal Cutting Tools Sales Quantity by Application (2018-2029)
- 7.3 North America Metal Cutting Tools Market Size by Country
- 7.3.1 North America Metal Cutting Tools Sales Quantity by Country (2018-2029)
- 7.3.2 North America Metal Cutting Tools Consumption Value by Country (2018-2029)
- 7.3.3 United States Market Size and Forecast (2018-2029)
- 7.3.4 Canada Market Size and Forecast (2018-2029)
- 7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
- 8.1 Europe Metal Cutting Tools Sales Quantity by Type (2018-2029)
- 8.2 Europe Metal Cutting Tools Sales Quantity by Application (2018-2029)
- 8.3 Europe Metal Cutting Tools Market Size by Country
- 8.3.1 Europe Metal Cutting Tools Sales Quantity by Country (2018-2029)
- 8.3.2 Europe Metal Cutting Tools Consumption Value by Country (2018-2029)
- 8.3.3 Germany Market Size and Forecast (2018-2029)
- 8.3.4 France Market Size and Forecast (2018-2029)
- 8.3.5 United Kingdom Market Size and Forecast (2018-2029)
- 8.3.6 Russia Market Size and Forecast (2018-2029)
- 8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
- 9.1 Asia-Pacific Metal Cutting Tools Sales Quantity by Type (2018-2029)
- 9.2 Asia-Pacific Metal Cutting Tools Sales Quantity by Application (2018-2029)
- 9.3 Asia-Pacific Metal Cutting Tools Market Size by Region
- 9.3.1 Asia-Pacific Metal Cutting Tools Sales Quantity by Region (2018-2029)
- 9.3.2 Asia-Pacific Metal Cutting Tools Consumption Value by Region (2018-2029)
- 9.3.3 China Market Size and Forecast (2018-2029)
- 9.3.4 Japan Market Size and Forecast (2018-2029)
- 9.3.5 Korea Market Size and Forecast (2018-2029)
- 9.3.6 India Market Size and Forecast (2018-2029)
- 9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
- 9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
- 10.1 South America Metal Cutting Tools Sales Quantity by Type (2018-2029)
- 10.2 South America Metal Cutting Tools Sales Quantity by Application (2018-2029)
- 10.3 South America Metal Cutting Tools Market Size by Country
- 10.3.1 South America Metal Cutting Tools Sales Quantity by Country (2018-2029)
- 10.3.2 South America Metal Cutting Tools Consumption Value by Country (2018-2029)
- 10.3.3 Brazil Market Size and Forecast (2018-2029)
- 10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
- 11.1 Middle East & Africa Metal Cutting Tools Sales Quantity by Type (2018-2029)
- 11.2 Middle East & Africa Metal Cutting Tools Sales Quantity by Application (2018-2029)
- 11.3 Middle East & Africa Metal Cutting Tools Market Size by Country
- 11.3.1 Middle East & Africa Metal Cutting Tools Sales Quantity by Country (2018-2029)
- 11.3.2 Middle East & Africa Metal Cutting Tools Consumption Value by Country (2018-2029)
- 11.3.3 Turkey Market Size and Forecast (2018-2029)
- 11.3.4 Egypt Market Size and Forecast (2018-2029)
- 11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
- 11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
- 12.1 Metal Cutting Tools Market Drivers
- 12.2 Metal Cutting Tools Market Restraints
- 12.3 Metal Cutting Tools Trends Analysis
- 12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
- 13.1 Raw Material of Metal Cutting Tools and Key Manufacturers
- 13.2 Manufacturing Costs Percentage of Metal Cutting Tools
- 13.3 Metal Cutting Tools Production Process
- 13.4 Metal Cutting Tools Industrial Chain
14 Shipments by Distribution Channel
- 14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
- 14.2 Metal Cutting Tools Typical Distributors
- 14.3 Metal Cutting Tools Typical Customers
15 Research Findings and Conclusion
16 Appendix
- 16.1 Methodology
- 16.2 Research Process and Data Source
According to our (Global Info Research) latest study, the global Metal Cutting Tools market size was valued at USD 32610 million in 2022 and is forecast to a readjusted size of USD 42970 million by 2029 with a CAGR of 4.0% during review period.
Global key players of Metal Cutting Tools include Sandvik, IMC Group, Mitsubishi and Kennametal, etc. The top four players hold a share over 30%. Asia-Pacific is the largest market, has a share about 37%. In terms of product type, Turning Tool is the largest segment, occupied for a share of about 45%, and in terms of application, Automotive has a share about 30 percent.
The Global Info Research report includes an overview of the development of the Metal Cutting Tools industry chain, the market status of Automotive (Turning Tool, Milling Tool), Machinery (Turning Tool, Milling Tool), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Metal Cutting Tools.
Regionally, the report analyzes the Metal Cutting Tools markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Metal Cutting Tools market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Metal Cutting Tools market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Metal Cutting Tools industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (M Units), revenue generated, and market share of different by Type (e.g., Turning Tool, Milling Tool).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Metal Cutting Tools market.
Regional Analysis: The report involves examining the Metal Cutting Tools market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Metal Cutting Tools market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Metal Cutting Tools:
Company Analysis: Report covers individual Metal Cutting Tools manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Metal Cutting Tools This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Automotive, Machinery).
Technology Analysis: Report covers specific technologies relevant to Metal Cutting Tools. It assesses the current state, advancements, and potential future developments in Metal Cutting Tools areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Metal Cutting Tools market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Metal Cutting Tools market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Turning Tool
Milling Tool
Drilling Tool
Threading Tools
Others
Market segment by Application
Automotive
Machinery
Electronics
Railway & Aerospace
Others
Major players covered
Mitsubishi Materials
Sandvik
OSG
Sumitomo Electric
Kyocera
IMC Group
Kennametal
Zhuzhou Cemented Carbide Group
Nachi-Fujikoshi
Shanghai Tool
YG-1
Union Tool
Ceratizit
Mapal
Korloy
Xiamen Jinlu
Tiangong
DIJET
LMT
Beijing Worldia Diamond Tools
Harbin Measuring & Cutting Tool
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Metal Cutting Tools product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Metal Cutting Tools, with price, sales, revenue and global market share of Metal Cutting Tools from 2018 to 2023.
Chapter 3, the Metal Cutting Tools competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Metal Cutting Tools breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Metal Cutting Tools market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Metal Cutting Tools.
Chapter 14 and 15, to describe Metal Cutting Tools sales channel, distributors, customers, research findings and conclusion.