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.)
1 Introduction 12
1.1 Industry Definition and Research Scope 12
1.1.1 Industry Definition 12
1.1.2 Research Scope 13
1.2 Research Methodology 16
1.2.1 Overview of Market Research Methodology 16
1.2.2 Market Assumption 17
1.2.3 Secondary Data 17
1.2.4 Primary Data 17
1.2.5 Data Filtration and Model Design 18
1.2.6 Market Size/Share Estimation 19
1.2.7 Research Limitations 20
1.3 Executive Summary 21
2 Market Overview and Dynamics 24
2.1 Market Size and Forecast 24
2.1.1 Impact of COVID-19 on World Economy 26
2.1.2 Impact of COVID-19 on the Market 30
2.1.3 Impact of Russia-Ukraine Conflict 32
2.1.4 Impact of Israel-Palestine War 34
2.2 Major Growth Drivers 36
2.3 Market Restraints and Challenges 39
2.4 Emerging Opportunities and Market Trends 42
2.5 Porter's Fiver Forces Analysis 46
3 Segmentation of Global Market by Tool Type 50
3.1 Market Overview by Tool Type 50
3.2 Solid Round Tools 54
3.3 Indexable Cutting Tools 55
4 Segmentation of Global Market by Product 56
4.1 Market Overview by Product 56
4.2 Groovers 60
4.3 Reamers 61
4.4 Milling Cutters 62
4.5 Drills 63
4.6 Other Products 64
5 Segmentation of Global Market by Material 65
5.1 Market Overview by Material 65
5.2 Cemented Carbide 69
5.3 High-speed Steel (HSS) 70
5.4 Ceramics 71
5.5 Cubic Boron Nitride (CBN) 72
5.6 Other Materials 73
6 Segmentation of Global Market by Chip Breaker 74
6.1 Market Overview by Chip Breaker 74
6.2 Step/Shelf Chip Breaker 78
6.3 Groove/Ridge Chip Breaker 79
6.4 Universal Chip Breaker 80
6.5 Separate Chip Breaker 81
7 Segmentation of Global Market by Application 82
7.1 Market Overview by Application 82
7.2 Threading & Milling 86
7.3 Shearing & Parting 87
7.4 Grooving & Drilling 88
7.5 Boring 89
8 Segmentation of Global Market by Industry Vertical 90
8.1 Market Overview by Industry Vertical 90
8.2 Automotive Industry 94
8.3 General Manufacturing 95
8.4 Aerospace & Defense 96
8.5 Oil & Gas 97
8.6 Electronics Industry 98
8.7 Construction 99
8.8 Energy & Power 100
8.9 Medical Industry 101
8.10 Other Industry Verticals 102
9 Segmentation of Global Market by Distribution Channel 103
9.1 Market Overview by Distribution Channel 103
9.2 Offline Sales 107
9.3 Online Sales 108
10 Segmentation of Global Market by Region 109
10.1 Geographic Market Overview 2023-2033 109
10.2 North America Market 2023-2033 by Country 115
10.2.1 Overview of North America Market 115
10.2.2 U.S. 119
10.2.3 Canada 122
10.2.4 Mexico 124
10.3 European Market 2023-2033 by Country 126
10.3.1 Overview of European Market 126
10.3.2 Germany 130
10.3.3 U.K. 132
10.3.4 France 134
10.3.5 Spain 136
10.3.6 Italy 138
10.3.7 Netherlands 140
10.3.8 Rest of European Market 142
10.4 Asia-Pacific Market 2023-2033 by Country 144
10.4.1 Overview of Asia-Pacific Market 144
10.4.2 Japan 148
10.4.3 China 151
10.4.4 Australia 153
10.4.5 India 155
10.4.6 South Korea 157
10.4.7 Rest of APAC Region 159
10.5 South America Market 2023-2033 by Country 161
10.5.1 Argentina 164
10.5.2 Brazil 166
10.5.3 Chile 168
10.5.4 Rest of South America Market 170
10.6 MEA Market 2023-2033 by Country 171
10.6.1 UAE 174
10.6.2 Saudi Arabia 176
10.6.3 South Africa 178
10.6.4 Other National Markets 180
11 Competitive Landscape 181
11.1 Overview of Key Vendors 181
11.2 New Product Launch, Partnership, Investment, and M&A 184
11.3 Company Profiles 185
Ceratizit Group 185
Fraisa SA 187
Hikoki 188
Hilti Corporation 189
ICS Cutting Tools Inc. 190
Ingersoll Cutting Tools 191
Iscar Ltd. 192
J Schneeberger Maschinen AG 193
Kelin Tools 194
Kennametal Inc. 195
Kyocera 196
Makita Corporation 197
Mapal 198
OSG Corporation 199
OTTO BAIER GmbH 200
Robert Bosch 201
Sandvik AG 202
Snap-on Incorporated 203
Stanley Black & Decker 204
Vollmer 205
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