According to our (Global Info Research) latest study, the global Twist Drill market size was valued at US$ 4879 million in 2024 and is forecast to a readjusted size of USD 6277 million by 2031 with a CAGR of 3.3% during review period.
Twist Drill (also commonly referred to as twist bit) is a rotating cutting tool, used for cutting holes in rigid materials, that consists of an essentially conical point, relieved and fluted to form cutting lips, and spiral flutes which direct the chips away from the lips and toward ejection from the hole. Twist drills are the most common and easiest way to put a hole in steel, wood or other non-ferrous materials.
Global Twist Drill key players include Sandvik Coromant, OSG, Kennametal, SECO, Stanley Black & Decker, Mitsubishi, etc. Global top five manufacturers hold a share over 21%.
The main consumption regions are North America, Europe, China, Japan, Southeast Asia, India, and other countries and regions with industrial development systems. These regions account for the majority of the global market. In terms of sales, China is currently the largest market for twist drills, holding over 48% of the global market share, followed by the United States and Europe. At the same time, with the development of technology, customers have raised more quality requirements and higher technical standards for twist drills. Specifications and functions are becoming increasingly diversified. Twist drill manufacturers should actively improve product quality to make their products more attractive in the market.
Market Drivers
Growing Industrialization: The industrialization in emerging markets, particularly in Asia and Africa, has been a significant driver for the growth of the twist drill market. As these regions continue to industrialize, the demand for drilling tools, including twist drills, has been on the rise, especially in sectors like construction, automotive, and manufacturing.
Increase in Construction and Infrastructure Projects: The construction sector is one of the key consumers of twist drills, especially in concrete drilling applications. With the global rise in infrastructure development, urbanization, and construction activities, the demand for drilling tools has increased. Twist drills are essential in tasks such as creating holes for anchors, bolts, and other fasteners in concrete and other construction materials.
Automotive and Aerospace Sectors: Both the automotive and aerospace industries require high-precision drilling tools for manufacturing components. The demand for twist drills in these sectors has been growing due to the increasing need for precise hole-making in materials such as high-strength metals, alloys, and composites.
Demand for Metalworking: As mentioned, the metalworking industry holds a dominant position in the twist drill market, accounting for over 64% of the global market share. Metalworking processes such as drilling, milling, and turning require high-performance twist drills that can handle tough materials, including steel, aluminum, and other metals. The growth of manufacturing and metal processing industries worldwide continues to drive demand for these tools.
Market Barriers
Price Sensitivity: The price sensitivity of customers is one of the significant barriers to the growth of the twist drill market. While customers seek high-quality and advanced drilling tools, they are also highly cost-conscious, especially in developing regions. The high cost of advanced twist drills with specialized coatings and materials can limit their adoption in cost-sensitive markets.
Competition from Alternative Drilling Technologies: While twist drills remain one of the most popular drilling tools, there are alternative technologies, such as laser cutting, water jet cutting, and EDM (Electrical Discharge Machining), that can be used in some applications. The growth of these alternative methods, especially for precision drilling, could pose a threat to the twist drill market.
Conclusion
The twist drill market is poised for continued growth due to rising industrial demand across multiple sectors, including metalworking, construction, automotive, and aerospace. Technological advancements, a focus on high-quality products, and diversification of applications are major factors driving this growth. However, challenges such as price sensitivity, competition from alternative drilling methods, and environmental concerns must be addressed for manufacturers to remain competitive. Companies that invest in innovation, quality improvement, and sustainability will be better positioned to meet the evolving needs of the market.
This report is a detailed and comprehensive analysis for global Twist Drill 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 Twist Drill market size and forecasts, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2020-2031
Global Twist Drill market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2020-2031
Global Twist Drill market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2020-2031
Global Twist Drill market shares of main players, shipments in revenue ($ Million), sales quantity (M Units), and ASP (USD/Unit), 2020-2025
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 Twist Drill
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 Twist Drill 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 Sandvik Coromant, OSG, Kennametal, SECO, Stanley Black & Decker, Mitsubishi, Guhring Group, Nachi, ISCAR, Sumitomo, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Twist Drill market is split by Type and by Application. For the period 2020-2031, 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
Straight Shank Twist Drill
Taper Shank Twist Drill
Double-End Twist Drill
Others
Market segment by Application
Metal
Wood
Concrete
Plastic
Others
Major players covered
Sandvik Coromant
OSG
Kennametal
SECO
Stanley Black & Decker
Mitsubishi
Guhring Group
Nachi
ISCAR
Sumitomo
Walter AG
Bosch
Mapal
Korloy
Triumph
Tiangong International
Kyocera
TDC Cutting Tool
Shanggong
Feida
Chengdu Chenliang
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 Twist Drill product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Twist Drill, with price, sales quantity, revenue, and global market share of Twist Drill from 2020 to 2025.
Chapter 3, the Twist Drill competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Twist Drill breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
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 2020 to 2031.
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 2020 to 2025.and Twist Drill market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
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 Twist Drill.
Chapter 14 and 15, to describe Twist Drill sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Twist Drill. Industry analysis & Market Report on Twist Drill is a syndicated market report, published as Global Twist Drill Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Twist Drill market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.