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Machinery & Equipment Global Cutting Tools Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

  • RnM2880181
    • |
  • 17 April, 2023
    • |
  • Global
    • |
  • 124 Pages
    • |
  • GIR (Global Info Research)
    • |
  • 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. Machinery Industry and drilling tools are often multipoint tools. Energy Industry 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.
According to our (Global Info Research) latest study, the global Cutting Tools market size was valued at USD 24690 million in 2022 and is forecast to a readjusted size of USD 36260 million by 2029 with a CAGR of 5.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global cutting tools key players include Sandvik, IMC Group, Mitsubishi, Kennametal, OSG etc. Global top 5 manufacturers hold a share over 40%.
Europe is the largest market, with a share about 30%, followed by North America and China, both have a share over 48% percent.
In terms of product, high speed steel is the largest segment, with a share over 45%. And in terms of application, the largest application is machinery, followed by automotive.
This report is a detailed and comprehensive analysis for global Cutting Tools 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 2023, are provided.
Key Features:
Global Cutting Tools market size and forecasts, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/K Units), 2018-2029
Global Cutting Tools market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/K Units), 2018-2029
Global Cutting Tools market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/K Units), 2018-2029
Global Cutting Tools market shares of main players, shipments in revenue ($ Million), sales quantity (M Units), and ASP (USD/K Units), 2018-2023
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 Cutting Tools
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 Cutting Tools market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sandvik, IMC Group, Mitsubishi, Kennametal and OSG, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
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. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Cemented Carbide
High Speed Steel
Ceramics
Diamond
Others
Market segment by Application
Machinery
Automotive
Aerospace
Energy
Others
Major players covered
Sandvik
IMC Group
Mitsubishi
Kennametal
OSG
Sumitomo Electric
Mapal
Kyocera
YG-1
Nachi-Fujikoshi
ZCC·CT
Union Tool
Korloy
LMT
Ceratizit
Jiangsu Tiangong Tools Co., Ltd.
Shanghai Tool Works Co., Ltd.
OKE Precision Cutting Tools Co., Ltd.
Guhring
Tivoly
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 Cutting Tools product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cutting Tools, with price, sales, revenue and global market share of Cutting Tools from 2018 to 2023.
Chapter 3, the Cutting Tools competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the 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 Cutting Tools market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Cutting Tools.
Chapter 14 and 15, to describe Cutting Tools sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of Cutting Tools
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Cutting Tools Consumption Value by Type: 2018 Versus 2022 Versus 2029
    • 1.3.2 Cemented Carbide
    • 1.3.3 High Speed Steel
    • 1.3.4 Ceramics
    • 1.3.5 Diamond
    • 1.3.6 Others
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Cutting Tools Consumption Value by Application: 2018 Versus 2022 Versus 2029
    • 1.4.2 Machinery
    • 1.4.3 Automotive
    • 1.4.4 Aerospace
    • 1.4.5 Energy
    • 1.4.6 Others
  • 1.5 Global Cutting Tools Market Size & Forecast
    • 1.5.1 Global Cutting Tools Consumption Value (2018 & 2022 & 2029)
    • 1.5.2 Global Cutting Tools Sales Quantity (2018-2029)
    • 1.5.3 Global Cutting Tools Average Price (2018-2029)

2 Manufacturers Profiles

  • 2.1 Sandvik
    • 2.1.1 Sandvik Details
    • 2.1.2 Sandvik Major Business
    • 2.1.3 Sandvik Cutting Tools Product and Services
    • 2.1.4 Sandvik Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.1.5 Sandvik Recent Developments/Updates
  • 2.2 IMC Group
    • 2.2.1 IMC Group Details
    • 2.2.2 IMC Group Major Business
    • 2.2.3 IMC Group Cutting Tools Product and Services
    • 2.2.4 IMC Group Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.2.5 IMC Group Recent Developments/Updates
  • 2.3 Mitsubishi
    • 2.3.1 Mitsubishi Details
    • 2.3.2 Mitsubishi Major Business
    • 2.3.3 Mitsubishi Cutting Tools Product and Services
    • 2.3.4 Mitsubishi Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.3.5 Mitsubishi Recent Developments/Updates
  • 2.4 Kennametal
    • 2.4.1 Kennametal Details
    • 2.4.2 Kennametal Major Business
    • 2.4.3 Kennametal Cutting Tools Product and Services
    • 2.4.4 Kennametal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.4.5 Kennametal Recent Developments/Updates
  • 2.5 OSG
    • 2.5.1 OSG Details
    • 2.5.2 OSG Major Business
    • 2.5.3 OSG Cutting Tools Product and Services
    • 2.5.4 OSG Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.5.5 OSG Recent Developments/Updates
  • 2.6 Sumitomo Electric
    • 2.6.1 Sumitomo Electric Details
    • 2.6.2 Sumitomo Electric Major Business
    • 2.6.3 Sumitomo Electric Cutting Tools Product and Services
    • 2.6.4 Sumitomo Electric Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.6.5 Sumitomo Electric Recent Developments/Updates
  • 2.7 Mapal
    • 2.7.1 Mapal Details
    • 2.7.2 Mapal Major Business
    • 2.7.3 Mapal Cutting Tools Product and Services
    • 2.7.4 Mapal Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.7.5 Mapal Recent Developments/Updates
  • 2.8 Kyocera
    • 2.8.1 Kyocera Details
    • 2.8.2 Kyocera Major Business
    • 2.8.3 Kyocera Cutting Tools Product and Services
    • 2.8.4 Kyocera Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.8.5 Kyocera Recent Developments/Updates
  • 2.9 YG-1
    • 2.9.1 YG-1 Details
    • 2.9.2 YG-1 Major Business
    • 2.9.3 YG-1 Cutting Tools Product and Services
    • 2.9.4 YG-1 Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.9.5 YG-1 Recent Developments/Updates
  • 2.10 Nachi-Fujikoshi
    • 2.10.1 Nachi-Fujikoshi Details
    • 2.10.2 Nachi-Fujikoshi Major Business
    • 2.10.3 Nachi-Fujikoshi Cutting Tools Product and Services
    • 2.10.4 Nachi-Fujikoshi Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.10.5 Nachi-Fujikoshi Recent Developments/Updates
  • 2.11 ZCC·CT
    • 2.11.1 ZCC·CT Details
    • 2.11.2 ZCC·CT Major Business
    • 2.11.3 ZCC·CT Cutting Tools Product and Services
    • 2.11.4 ZCC·CT Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.11.5 ZCC·CT 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 Cutting Tools Product and Services
    • 2.12.4 Union Tool Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.12.5 Union Tool Recent Developments/Updates
  • 2.13 Korloy
    • 2.13.1 Korloy Details
    • 2.13.2 Korloy Major Business
    • 2.13.3 Korloy Cutting Tools Product and Services
    • 2.13.4 Korloy Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.13.5 Korloy Recent Developments/Updates
  • 2.14 LMT
    • 2.14.1 LMT Details
    • 2.14.2 LMT Major Business
    • 2.14.3 LMT Cutting Tools Product and Services
    • 2.14.4 LMT Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.14.5 LMT Recent Developments/Updates
  • 2.15 Ceratizit
    • 2.15.1 Ceratizit Details
    • 2.15.2 Ceratizit Major Business
    • 2.15.3 Ceratizit Cutting Tools Product and Services
    • 2.15.4 Ceratizit Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.15.5 Ceratizit Recent Developments/Updates
  • 2.16 Jiangsu Tiangong Tools Co., Ltd.
    • 2.16.1 Jiangsu Tiangong Tools Co., Ltd. Details
    • 2.16.2 Jiangsu Tiangong Tools Co., Ltd. Major Business
    • 2.16.3 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Product and Services
    • 2.16.4 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.16.5 Jiangsu Tiangong Tools Co., Ltd. Recent Developments/Updates
  • 2.17 Shanghai Tool Works Co., Ltd.
    • 2.17.1 Shanghai Tool Works Co., Ltd. Details
    • 2.17.2 Shanghai Tool Works Co., Ltd. Major Business
    • 2.17.3 Shanghai Tool Works Co., Ltd. Cutting Tools Product and Services
    • 2.17.4 Shanghai Tool Works Co., Ltd. Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.17.5 Shanghai Tool Works Co., Ltd. Recent Developments/Updates
  • 2.18 OKE Precision Cutting Tools Co., Ltd.
    • 2.18.1 OKE Precision Cutting Tools Co., Ltd. Details
    • 2.18.2 OKE Precision Cutting Tools Co., Ltd. Major Business
    • 2.18.3 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Product and Services
    • 2.18.4 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.18.5 OKE Precision Cutting Tools Co., Ltd. Recent Developments/Updates
  • 2.19 Guhring
    • 2.19.1 Guhring Details
    • 2.19.2 Guhring Major Business
    • 2.19.3 Guhring Cutting Tools Product and Services
    • 2.19.4 Guhring Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.19.5 Guhring Recent Developments/Updates
  • 2.20 Tivoly
    • 2.20.1 Tivoly Details
    • 2.20.2 Tivoly Major Business
    • 2.20.3 Tivoly Cutting Tools Product and Services
    • 2.20.4 Tivoly Cutting Tools Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.20.5 Tivoly Recent Developments/Updates

3 Competitive Environment: Cutting Tools by Manufacturer

  • 3.1 Global Cutting Tools Sales Quantity by Manufacturer (2018-2023)
  • 3.2 Global Cutting Tools Revenue by Manufacturer (2018-2023)
  • 3.3 Global Cutting Tools Average Price by Manufacturer (2018-2023)
  • 3.4 Market Share Analysis (2022)
    • 3.4.1 Producer Shipments of Cutting Tools by Manufacturer Revenue ($MM) and Market Share (%): 2022
    • 3.4.2 Top 3 Cutting Tools Manufacturer Market Share in 2022
    • 3.4.2 Top 6 Cutting Tools Manufacturer Market Share in 2022
  • 3.5 Cutting Tools Market: Overall Company Footprint Analysis
    • 3.5.1 Cutting Tools Market: Region Footprint
    • 3.5.2 Cutting Tools Market: Company Product Type Footprint
    • 3.5.3 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 Cutting Tools Market Size by Region
    • 4.1.1 Global Cutting Tools Sales Quantity by Region (2018-2029)
    • 4.1.2 Global Cutting Tools Consumption Value by Region (2018-2029)
    • 4.1.3 Global Cutting Tools Average Price by Region (2018-2029)
  • 4.2 North America Cutting Tools Consumption Value (2018-2029)
  • 4.3 Europe Cutting Tools Consumption Value (2018-2029)
  • 4.4 Asia-Pacific Cutting Tools Consumption Value (2018-2029)
  • 4.5 South America Cutting Tools Consumption Value (2018-2029)
  • 4.6 Middle East and Africa Cutting Tools Consumption Value (2018-2029)

5 Market Segment by Type

  • 5.1 Global Cutting Tools Sales Quantity by Type (2018-2029)
  • 5.2 Global Cutting Tools Consumption Value by Type (2018-2029)
  • 5.3 Global Cutting Tools Average Price by Type (2018-2029)

6 Market Segment by Application

  • 6.1 Global Cutting Tools Sales Quantity by Application (2018-2029)
  • 6.2 Global Cutting Tools Consumption Value by Application (2018-2029)
  • 6.3 Global Cutting Tools Average Price by Application (2018-2029)

7 North America

  • 7.1 North America Cutting Tools Sales Quantity by Type (2018-2029)
  • 7.2 North America Cutting Tools Sales Quantity by Application (2018-2029)
  • 7.3 North America Cutting Tools Market Size by Country
    • 7.3.1 North America Cutting Tools Sales Quantity by Country (2018-2029)
    • 7.3.2 North America 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 Cutting Tools Sales Quantity by Type (2018-2029)
  • 8.2 Europe Cutting Tools Sales Quantity by Application (2018-2029)
  • 8.3 Europe Cutting Tools Market Size by Country
    • 8.3.1 Europe Cutting Tools Sales Quantity by Country (2018-2029)
    • 8.3.2 Europe 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 Cutting Tools Sales Quantity by Type (2018-2029)
  • 9.2 Asia-Pacific Cutting Tools Sales Quantity by Application (2018-2029)
  • 9.3 Asia-Pacific Cutting Tools Market Size by Region
    • 9.3.1 Asia-Pacific Cutting Tools Sales Quantity by Region (2018-2029)
    • 9.3.2 Asia-Pacific 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 Cutting Tools Sales Quantity by Type (2018-2029)
  • 10.2 South America Cutting Tools Sales Quantity by Application (2018-2029)
  • 10.3 South America Cutting Tools Market Size by Country
    • 10.3.1 South America Cutting Tools Sales Quantity by Country (2018-2029)
    • 10.3.2 South America 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 Cutting Tools Sales Quantity by Type (2018-2029)
  • 11.2 Middle East & Africa Cutting Tools Sales Quantity by Application (2018-2029)
  • 11.3 Middle East & Africa Cutting Tools Market Size by Country
    • 11.3.1 Middle East & Africa Cutting Tools Sales Quantity by Country (2018-2029)
    • 11.3.2 Middle East & Africa 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 Cutting Tools Market Drivers
  • 12.2 Cutting Tools Market Restraints
  • 12.3 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
  • 12.5 Influence of COVID-19 and Russia-Ukraine War
    • 12.5.1 Influence of COVID-19
    • 12.5.2 Influence of Russia-Ukraine War

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Cutting Tools and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Cutting Tools
  • 13.3 Cutting Tools Production Process
  • 13.4 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 Cutting Tools Typical Distributors
  • 14.3 Cutting Tools Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    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 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. 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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