Global Cutting Tools Market 2023-2033 by Tool Type (Solid Round, Indexable), Product (Groovers, Reamers, Milling Cutters, Drills), Material (Cemented Carbide, HSS, Ceramics, CBN), Chip Breaker (Step, Ridge, Universal, Separate), Application, Industry Vertical, Distribution Channel (Offline, Online), and Region: Trend Forecast and Growth Opportunity

Global cutting tools market will reach $48.03 billion by 2033, growing by 5.1% annually over 2023-2033. The growth is driven by the increasing production and manufacturing activities, improved operational efficiency and innovative design, and an increasing demand for power tools for DIY activities.
Highlighted with 124 tables and 82 figures, this 206-page report "Global Cutting Tools Market 2023-2033 by Tool Type (Solid Round, Indexable), Product (Groovers, Reamers, Milling Cutters, Drills), Material (Cemented Carbide, HSS, Ceramics, CBN), Chip Breaker (Step, Ridge, Universal, Separate), Application, Industry Vertical, Distribution Channel (Offline, Online), and Region: Trend Forecast and Growth Opportunity" is based on comprehensive research of the entire global cutting tools market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global cutting tools market in every aspect of the classification from perspectives of Tool Type, Product, Material, Chip Breaker, Application, Industry Vertical, Distribution Channel, and Region.

Based on Tool Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Solid Round Tools
• Indexable Cutting Tools

Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Groovers
• Reamers
• Milling Cutters
• Drills
• Other Products

By Material, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Cemented Carbide
• High-speed Steel (HSS)
• Ceramics
• Cubic Boron Nitride (CBN)
• Other Materials

By Chip Breaker, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Step/Shelf Chip Breaker
• Groove/Ridge Chip Breaker
• Universal Chip Breaker
• Separate Chip Breaker

By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Threading & Milling
• Shearing & Parting
• Grooving & Drilling
• Boring

By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Automotive Industry
• General Manufacturing
• Aerospace & Defense
• Oil & Gas
• Electronics Industry
• Construction
• Energy & Power
• Medical Industry
• Other Industry Verticals

By Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Offline Sales
• Online Sales

Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and annual revenue ($ mn) are available for 2023-2033. The breakdown of all regional markets by country and the breakdown of each national market by Tool Type, Material, and Industry Vertical over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Ceratizit Group
Fraisa SA
Hikoki
Hilti Corporation
ICS Cutting Tools Inc.
Ingersoll Cutting Tools
Iscar Ltd.
J Schneeberger Maschinen AG
Kelin Tools
Kennametal Inc.
Kyocera
Makita Corporation
Mapal
OSG Corporation
OTTO BAIER GmbH
Robert Bosch
Sandvik AG
Snap-on Incorporated
Stanley Black & Decker
Vollmer
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)