North America cutting tools market is projected to grow by 4.2% annually in the forecast period and reach $12.24 million by 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 64 tables and 44 figures, this 140-page report "North America 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 Country: Trend Forecast and Growth Opportunity" is based on comprehensive research of the entire North America 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 North America 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 North America cutting tools market in every aspect of the classification from perspectives of Tool Type, Product, Material, Chip Breaker, Application, Industry Vertical, Distribution Channel, and Country.
Based on Tool Type, the North America 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 North America 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 North America 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 North America 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 North America 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 North America 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 North America 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 national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets 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 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 26
2.1.3 Impact of Russia-Ukraine Conflict 28
2.1.4 Impact of Israel-Palestine War 30
2.2 Major Growth Drivers 32
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter's Fiver Forces Analysis 42
3 Segmentation of North America Market by Tool Type 46
3.1 Market Overview by Tool Type 46
3.2 Solid Round Tools 50
3.3 Indexable Cutting Tools 51
4 Segmentation of North America Market by Product 52
4.1 Market Overview by Product 52
4.2 Groovers 56
4.3 Reamers 57
4.4 Milling Cutters 58
4.5 Drills 59
4.6 Other Products 60
5 Segmentation of North America Market by Material 61
5.1 Market Overview by Material 61
5.2 Cemented Carbide 65
5.3 High-speed Steel (HSS) 66
5.4 Ceramics 67
5.5 Cubic Boron Nitride (CBN) 68
5.6 Other Materials 69
6 Segmentation of North America Market by Chip Breaker 70
6.1 Market Overview by Chip Breaker 70
6.2 Step/Shelf Chip Breaker 74
6.3 Groove/Ridge Chip Breaker 75
6.4 Universal Chip Breaker 76
6.5 Separate Chip Breaker 77
7 Segmentation of North America Market by Application 78
7.1 Market Overview by Application 78
7.2 Threading & Milling 82
7.3 Shearing & Parting 83
7.4 Grooving & Drilling 84
7.5 Boring 85
8 Segmentation of North America Market by Industry Vertical 86
8.1 Market Overview by Industry Vertical 86
8.2 Automotive Industry 90
8.3 General Manufacturing 91
8.4 Aerospace & Defense 92
8.5 Oil & Gas 93
8.6 Electronics Industry 94
8.7 Construction 95
8.8 Energy & Power 96
8.9 Medical Industry 97
8.10 Other Industry Verticals 98
9 Segmentation of North America Market by Distribution Channel 99
9.1 Market Overview by Distribution Channel 99
9.2 Offline Sales 103
9.3 Online Sales 104
10 North America Market 2023-2033 by Country 105
10.1 Overview of North America Market 105
10.2 U.S. 108
10.3 Canada 111
10.4 Mexico 113
11 Competitive Landscape 115
11.1 Overview of Key Vendors 115
11.2 New Product Launch, Partnership, Investment, and M&A 118
11.3 Company Profiles 119
Ceratizit Group 119
Fraisa SA 121
Hikoki 122
Hilti Corporation 123
ICS Cutting Tools Inc. 124
Ingersoll Cutting Tools 125
Iscar Ltd. 126
J Schneeberger Maschinen AG 127
Kelin Tools 128
Kennametal Inc. 129
Kyocera 130
Makita Corporation 131
Mapal 132
OSG Corporation 133
OTTO BAIER GmbH 134
Robert Bosch 135
Sandvik AG 136
Snap-on Incorporated 137
Stanley Black & Decker 138
Vollmer 139
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