According to our (Global Info Research) latest study, the global Annular Cutters market size was valued at US$ 136 million in 2025 and is forecast to a readjusted size of US$ 184 million by 2032 with a CAGR of 4.4% during review period.
An annular cutter is form of core drill used to create holes in metal. An annular cutter, named after the annulus shape, cuts only a groove at the periphery of the hole and leaves a solid core or slug at the center.
In 2024, global Annular Cutters production reached approximately 3.75 million units, with an average global market price of around US$ 34 per unit.
Hougen is the largest manufacturer of global annular cutters market, holds a share over 10%, other key players include Milwaukee, Nitto Kohki, and Fein, etc. Asia-pacific is the largest market, occupied for over 40 percent, followed by Europe.
The annular cutter market shows strong global growth potential, driven by the increasing demand for efficient, precise, and time-saving metal cutting solutions across industries such as construction, shipbuilding, automotive, railways, aerospace, oil & gas, and heavy engineering, as annular cutters—designed to remove only the periphery of a hole rather than the entire material—offer faster drilling speeds, reduced power consumption, extended tool life, and cleaner finishes compared to conventional twist drills, making them an indispensable choice for large-diameter and deep-hole drilling applications; rapid industrialization and urban infrastructure development in Asia-Pacific, the Middle East, and Africa are spurring demand for steel structures, pipelines, and machinery, directly boosting the adoption of magnetic drill machines paired with annular cutters, while mature markets in North America and Europe continue to see steady replacement demand and rising usage in renewable energy projects like wind turbines and offshore platforms; technological innovations such as carbide-tipped and coated annular cutters, offering enhanced wear resistance and the ability to cut high-strength alloys, are further expanding the application scope into aerospace-grade metals and advanced engineering materials; the growing focus on operational efficiency, cost reduction, and workplace safety is encouraging industries to shift from traditional drilling methods toward annular cutters, while the aftermarket for resharpening, re-tipping, and replacement cutters provides recurring revenue opportunities for manufacturers and distributors; e-commerce platforms and global distributor networks are also expanding accessibility, especially for small and medium-sized enterprises; despite competition from conventional drilling tools and the need for higher upfront investment, the clear advantages in productivity, precision, and durability strongly position annular cutters as the preferred drilling solution in both industrial and construction sectors, ensuring steady global market expansion and long-term adoption.
This report is a detailed and comprehensive analysis for global Annular Cutters market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Annular Cutters market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Annular Cutters market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Annular Cutters market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Annular Cutters market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Annular Cutters
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Annular Cutters market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Hougen, Milwaukee, Nitto Kohki, Fein, BDS, Ruko, EVOLUTION, Zhejiang Xinxing Tools, DEWALT, Euroboor, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Annular Cutters market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
HSS Type
TCT Type
Market segment by Application
General Industrial
Construction Industrial
Others
Major players covered
Hougen
Milwaukee
Nitto Kohki
Fein
BDS
Ruko
EVOLUTION
Zhejiang Xinxing Tools
DEWALT
Euroboor
CHAMPION
ALFRA
Powerbor
KARNASCH
Lalson
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 Annular Cutters product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Annular Cutters, with price, sales quantity, revenue, and global market share of Annular Cutters from 2021 to 2026.
Chapter 3, the Annular Cutters competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Annular Cutters breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
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 2021 to 2026.and Annular Cutters market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
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 Annular Cutters.
Chapter 14 and 15, to describe Annular Cutters sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Annular Cutters. Industry analysis & Market Report on Annular Cutters is a syndicated market report, published as Global Annular Cutters Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Annular Cutters market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.