Cutting Tools Market - Global Outlook & Forecast 2023-2028

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18 countries

20 company

6 segments

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THE GLOBAL CUTTING TOOLS MARKET IS EXPECTED TO REACH USD 13.26 BILLION BY 2028 FROM USD 9.50 BILLION IN 2022, GROWING AT A CAGR OF 5.72% DURING THE FORECAST PERIOD.

The Cutting Tools Market Size, Share, & Trends Analysis Report By

  • Tool Type: Indexable and Solid Round
  • Product: Groovers, Reamers, Milling Cutters, Drills, and Others
  • Material Type: Cemented Carbide, High-Speed Steel, Ceramics, CBN, and Others
  • End-User: Automotive, General Manufacturing, Oil & Gas, Aerospace & Defense, Electronic & Electricals, Medical, and Others
  • Distribution Channel: Offline and Online
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2023–2028.

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CUTTING TOOLS MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2028)USD 13.26 Billion
Market Size (2022)USD 9.50 Billion
CAGR (2022-2028)5.72%
Base Year2022
Forecast Year2023-2028
Market SegmentsTool Type, Product, End-User, Distribution Channel, and Geography
Geographic AnalysisNorth America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSKennametal Inc., OSG Corporation, and Iscar Ltd
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MARKET INSIGHTS

The global cutting tools market was valued at USD 9.50 billion in 2022 and is expected to reach USD 13.26 billion by 2028, growing at a CAGR of 5.72% during the forecast period. The market's growth can be attributed to continuous innovation by industry players, resulting in upgraded products with improved features and functions. The cutting tools market is primarily driven by rapid industrialization and increasing usage in both household and commercial sectors. These cutting tools are widely used in various industries, including automobiles, aerospace, construction, wood, and power generation. Additionally, they have various household applications, such as hole-making and Do-It-Yourself (DIY) projects.

Additionally, after 2021, the global cutting tools market experienced significant growth, owing to the increasing trend of power and hand tools. The metalworking industry is the main driver of the industry, and these tools are also widely used in other commercial sectors. Cutting and shaping tools are primarily utilized in various industries, including metalworking, woodworking, construction, handicrafts, and any other field that requires shaping or scraping. Furthermore, the automotive sector of the APAC region is instilled with magnificent demand from the two most developing economies of India and China. The automotive manufacturing industry heavily relies on cutting tools such as drills, center drills, piloted reamers, piloted core drills, and reamers. There is potential for further growth in this sector with increased productivity. The global construction sector is also set to grow, with the increasing demand for housing due to population growth, rising disposable income, and the need for infrastructural upgrades resulting from robust industrialization.

Further, the rising new well efficiencies and low cost of production have made the U.S. a hub for investments in the oil & gas sector. It is also estimated to be the region of increasingly active exploration and production deals for the oil industry. This has attracted foreign investors trying to capitalize on the situation to widen profits. Further, oil & rig activities will increase in the region owing to the approval of many projects. These activities will likely boost the cutting tools market during the forecast period.

Cutting Tools Market Size, Growth, Demand

MARKET TRENDS & DRIVERS

Rising Home Improvements & Do-It-Yourself Activities
In developed economies such as the U.S. and Europe, many adults engage in purposeful and creative leisure activities, with some investing in home improvement and maintenance based on personal interests. Consumers in countries like France, Germany, Italy, and the UK consider DIY activities a significant hobby. The concept is also gaining popularity in developing economies such as India, Brazil, and South Africa. The growing interest among consumers in undertaking their projects and maintaining a sustainable environment has increased the demand for D.I.Y products such as cutting tools. During the pandemic, many people turned to DIY activities to relieve stress and take care of tasks to reduce costs while staying indoors. The concept of D.I.Y is well-adopted in Western countries, with most American regions contributing to nearly 81% of the market share in the D.I.Y industry. This trend is expected to continue during the forecast period. The surge in the D.I.Y industry is projected to grow due to the high penetration of media presence, including television, social media, and videos, which have helped recreate home improvement projects. Western countries like North America and Canada actively engage in D.I.Y activities. Additionally, many retail stores like supermarkets and hypermarkets have enabled significant growth for many vendors in the D.I.Y segment.

Rising Usage of Cutting Tools In General Manufacturing Industries
Cutting tools are crucial in manufacturing, particularly in producing general machinery, automobiles, aviation and aerospace, energy, medical equipment, rail transit, molds, machine tools, and other industries. The automotive manufacturing process heavily relies on cutting tools as they are one of the key components of the process. The traditional procedures have been replaced with new techniques like high-speed cutting, dry machining, hard machining, and advanced cutting technology.

The automotive sector has significantly shifted towards using professional tools such as Carbide Cutters. This transformation is driven by the need for high product quality and precision, which is required to produce high-value parts. The industrial circle has gradually moved from traditional machining to high-performance cutting tools that provide greater efficiency and accuracy. Furthermore, due to machinery and equipment automation and the growing need for high-performance, high-precision machining equipment has become essential to industry growth. As a result, the demand for high-efficiency and performance-cutting tools is increasing. Such factors drive the development of new cutting technologies in the cutting tools market.

SEGMENTATION ANALYSIS

INSIGHTS BY TOOL TYPE
The dominance of the indexable tool type segment in the global cutting tools market in 2022 can be attributed to its modern turning operations. This has displaced previous common tool types, such as HSS, brazed-carbide, and custom form tools, which were used before the widespread use of CNC machines. Indexable turning tools, when used in conjunction with the multiple-axis motion of a CNC machine tool, make it easier to create complex shapes, eliminating the need for dedicated turning tools. However, solid round tools are experiencing high growth rates in the global cutting tools market due to their ability to cover all application types within solid carbide drilling, milling, HSS tapping, reaming, and threading. Each solid round tool is designed to meet the requirements of high quality, precision, and maximum productivity, allowing for optimal machining processes.

INSIGHTS BY PRODUCT TYPE
The global cutting tools market by product segments as groovers, reamers, milling cutters, drills, and others. In 2022, the Groover product type dominated the industry. These tools are highly used with lathes to cut channels on the end of a workpiece or into an existing bore. Groovers are also utilized for various applications, including creating recesses for retaining rings and necking workpieces to ensure a clean fit when mating parts. Additionally, a grooving tool is a cutting tool that removes material to form grooves, channels, or other cross-sectional shapes on the workpiece. A groove may be cut with an end mill having one fixed cutter and another moveable cutter placed at each side. Such tools are also called profile mills when they produce linear cuts along the length of the item being milled. Grooving inserts can be made from carbide, ceramic, diamond, or PCD (polycrystalline cubic boron nitride). These inserts are mainly employed by metalworking industries like aerospace & defense equipment manufacturers. Still, non-metal manufacturing companies such as medical device makers use them for grooving medical-grade plastic parts.

INSIGHTS BY MATERIAL TYPE
The cemented carbide material type segment dominated the global cutting tools market and was valued at over USD 3.2 billion in 2022. This market is highly fragmented and consists of many companies operating on both global and regional levels. This indicates that manufacturers of cutting tools possess significant bargaining power over suppliers. Cemented carbide tools are primarily used for high-precision work involving greater shape, size, and structure complexity. However, specialized cutting tools are more cost-effective and efficient for specific tasks. The APAC and North American regions are expected to have the largest share in the global cemented carbide industry. Vendors in these areas are anticipated to benefit from abundant raw material availability and will provide a competitive advantage to vendors regarding the selling price. The high availability of other raw materials, such as steel, in countries like China, India, and the U.S., is also expected to lead to high growth rates for high-speed steel (HSS) tools. This is expected to enable vendors to further enhance their profit margins by maintaining good supplier-vendor relationships.

INSIGHTS BY END-USER
The automotive industry is the largest end-user segment in the global cutting tools market. Drilling and fastening tools are the primary tools for tightening fasteners, engine mounting, and other joint works. Sanders and angle grinders are used for smoothening and polishing the vehicle parts and chassis. With the global electric vehicles market growing at almost 60% annually, expansion and increased production facilities are expected to increase the demand for cutting tools. This can be more prominent in countries such as China, Japan, the US, and Western Europe, where the production of EVs is more likely to accelerate during the forecast period

INSIGHTS BY DISTRIBUTION CHANNEL
The offline distribution channel had the highest global cutting tools market in 2022. Factors such as the broader reach in areas that lack better connectivity and high consumer trust associated with touching and experiencing the quality of products are driving the growth of this segment. Although the online segment holds a relatively lower market share, it is expected to grow faster than offline distribution channels.

GEOGRAPHICAL ANALYSIS

APAC was the largest cutting tools market in 2022, as it is home to several industries, including manufacturing, services, automobiles, and electrical. This consequently increases the need for a unique assortment of cutting tools with accuracy in performance. While Japan and South Korea are major manufacturers and exporters of electrical appliances and automobiles, Singapore dominates with its excellent construction facilities. Furthermore, the increasing purchasing power of consumers and the rising DIY culture among young and experienced consumers are driving the regional residential tools market, including cutting tools. Further, the comparatively lower dominance of the cutting tools owing to the less awareness and operating knowledge in countries like India and China is a natural boost for cutting tool vendors.

VENDOR LANDSCAPE

The global cutting tools market is characterized by low market concentration and high competition among the major players. The present scenario drives vendors to alter and refine their unique value propositions to achieve a strong market presence. Currently, the cutting tools market is highly fragmented and dominated by vendors such as  Kennametal Inc, OGS Corporation, and Iscar Ltd, among others, alongside numerous domestic tool manufacturers that manufacture cutting tools as per the local demands and regulations.

Vendors must develop new patented designs and ergonomics to remain at par with the upcoming innovations to retain competitive advantage. Many international players are expected to expand their reach worldwide with their industry-leading solutions during the forecast period, especially in the fast-developing countries in Europe, the U.S., and the GCC, to gain more market share. In addition, the improving global economic conditions will fuel the growth of the cutting tools market.

SNAPSHOT

The global cutting tools market size is expected to grow at a CAGR of approximately 5.72% from 2022 to 2028.

The following factors are likely to contribute to the growth of the cutting tools market during the forecast period:

  • Rising Home Improvements & Do-It-Yourself Activities
  • Rising Usage of Cutting Tools in General Manufacturing Industries
  • Developing Prominence of Asian Manufacturing

Base Year: 2022

Forecast Year: 2023-2028

The report considers the present scenario of the global cutting tools market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Company Profiles

  • Kennametal Inc.
    • Business Overview
    • Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • OSG Corporation
  • Iscar Ltd

Other Prominent Vendors

  • Mapal
    • Business Overview
    • Product Offerings
  • Makita Corporation
  • Robert Bosch
  • Stanley Black & Decker
  • Kelin Tools
  • ICS Cutting Tools Inc
  • Snap-on Incorporated
  • OTTO BAIER GmbH
  • Hilti Corporation
  • Sandvik AG
  • Ingersoll Cutting Tools
  • FRASIA SA
  • KYOCERA
  • J SCHNEEBERGER Maschinen AG
  • VOLLMER
  • CERATIZIT Group
  • HIKOKI

Segmentation by Tool Type

  • Indexable
  • Solid Round

Segmentation by Product

  • Groovers
  • Reamers
  • Milling Cutters
  • Drills
  • Others

Segmentation by Material Type

  • Cemented Carbide
  • High-Speed Steel
  • Ceramics
  • CBN
  • Others

Segmentation by End-User

  • Automotive
  • General Manufacturing
  • Oil & Gas
  • Aerospace & Defense
  • Electronic & Electricals
  • Medical
  • Others

Segmentation by Distribution Channel

  • Offline
  • Online

Segmentation by Geography

  • APAC
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
  • Latin America
    • Brazil
    • Mexico
    • Argentina

Frequently Asked Questions

How big is the global cutting tools market?

The global cutting tools market was valued at USD 9.50 billion in 2022 and is expected to reach USD 13.26 billion by 2028.

What is the growth rate of the global cutting tools market?

The global cutting tools market is expected to grow at a CAGR of 5.72% from 2022 to 2028.

Which region dominates the global cutting tools market share?

APAC held the largest global cutting tools market share, accounting for nearly 38% in 2022.

Who are the key players in the global cutting tools market?

The key global cutting tools market players are Kennametal Inc., OSG Corporation, and Iscar Ltd.

What are the significant trends in the cutting tools market?

The emerging construction industry, rising demand for luxury vinyl tiles, and robust increase in new construction and remodeling in the residential sector are significant trends in the cutting tools industry.

EXHIBIT 1 SEGMENTATION OF GLOBAL CUTTING TOOLS MARKET

EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2022

EXHIBIT 3 FACTORS DRIVING CUTTING TOOLS MARKET

EXHIBIT 4 CLASSIFICATION OF CUTTING TOOLS

EXHIBIT 5 A FEW SINGLE-POINT CUTTING TOOLS

EXHIBIT 6 EXAMPLE OF MULTI-POINT CUTTING TOOLS

EXHIBIT 7 IMPACT OF EMERGING CONSTRUCTION INDUSTRY

EXHIBIT 8 FACTORS DRIVING GLOBAL CONSTRUCTION INDUSTRY

EXHIBIT 9 IMPACT OF RISING DEMAND FOR LUXURY VINYL TILES

EXHIBIT 10 FEATURES OF LVT

EXHIBIT 11 IMPACT OF ROBUST INCREASE IN NEW CONSTRUCTION AND REMODELING IN RESIDENTIAL SECTOR

EXHIBIT 12 FACTORS INFLUENCING NEW CONSTRUCTION AND REMODELING IN RESIDENTIAL SECTOR

EXHIBIT 13 IMPACT OF RISING HOME IMPROVEMENTS & DIY ACTIVITIES

EXHIBIT 14 IMPACT OF RISING USAGE OF CUTTING TOOLS IN GENERAL MANUFACTURING INDUSTRIES

EXHIBIT 15 IMPACT OF DEVELOPING PROMINENCE OF ASIAN MANUFACTURING

EXHIBIT 16 IMPACT OF LOW-COST LABOR

EXHIBIT 17 IMPACT OF OSCILLATION IN COST OF RAW MATERIALS

EXHIBIT 18 LIST OF SOME CUTTING TOOLS USED IN DIFFERENT MACHINE OPERATIONS

EXHIBIT 19 GLOBAL CUTTING TOOLS MARKET 2022–2028 ($ BILLION)

EXHIBIT 20 GLOBAL CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 21 FIVE FORCES ANALYSIS 2022

EXHIBIT 22 INCREMENTAL GROWTH BY TOOL TYPE 2022 & 2028

EXHIBIT 23 INCREMENTAL GROWTH BY TOOL TYPE 2022 & 2028

EXHIBIT 24 CLASSIFICATION BY TOOL TYPE

EXHIBIT 25 GLOBAL INDEXABLE CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 26 GLOBAL INDEXABLE CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 27 GLOBAL SOLID ROUND CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 28 GLOBAL SOLID ROUND CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 29 INCREMENTAL GROWTH BY PRODUCT 2022 & 2028

EXHIBIT 30 INCREMENTAL GROWTH BY PRODUCT 2022 & 2028

EXHIBIT 31 CLASSIFICATION OF CUTTING TOOLS BY PRODUCT

EXHIBIT 32 GLOBAL GROOVERS CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 33 GLOBAL GROOVERS CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 34 GLOBAL REAMERS CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 35 GLOBAL REAMERS CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 36 GLOBAL MILLING CUTTERS CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 37 GLOBAL MILLING CUTTERS CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 38 GLOBAL DRILLS CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 39 GLOBAL DRILLS CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 40 GLOBAL OTHERS CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 41 GLOBAL OTHERS CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 42 INCREMENTAL GROWTH BY MATERIAL 2022 & 2028

EXHIBIT 43 INCREMENTAL GROWTH BY MATERIAL 2022 & 2028

EXHIBIT 44 CLASSIFICATION BY MATERIAL

EXHIBIT 45 GLOBAL CEMENTED CARBIDE CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 46 GLOBAL CEMENTED CARBIDE CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 47 GLOBAL HIGH-SPEED STEEL CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 48 GLOBAL HIGH-SPEED STEEL CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 49 GLOBAL CERAMICS CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 50 GLOBAL CERAMICS CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 51 GLOBAL CBN CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 52 GLOBAL CBN CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 53 GLOBAL OTHERS CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 54 GLOBAL OTHERS CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 55 INCREMENTAL GROWTH BY END-USER 2022 & 2028

EXHIBIT 56 INCREMENTAL GROWTH BY END-USER 2022 & 2028

EXHIBIT 57 GLOBAL AUTOMOTIVE CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 58 GLOBAL AUTOMOTIVE CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 59 GLOBAL GENERAL MANUFACTURING CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 60 GLOBAL GENERAL MANUFACTURING CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 61 GLOBAL OIL & GAS CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 62 GLOBAL OIL & GAS CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 63 TYPES OF CUTTING TOOLS USED IN AEROSPACE INDUSTRY

EXHIBIT 64 GLOBAL AEROSPACE & DEFENSE CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 65 GLOBAL AEROSPACE & DEFENSE CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 66 GLOBAL ELECTRONIC CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 67 GLOBAL ELECTRONIC CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 68 GLOBAL MEDICAL CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 69 GLOBAL MEDICAL CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 70 GLOBAL OTHERS CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 71 GLOBAL OTHERS CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 72 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2022 & 2028

EXHIBIT 73 INCREMENTAL GROWTH BY DISTRIBUTION CHANNEL 2022 & 2028

EXHIBIT 74 CLASSIFICATION BY DISTRIBUTION CHANNEL

EXHIBIT 75 GLOBAL OFFLINE CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 76 GLOBAL OFFLINE CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 77 GLOBAL ONLINE CUTTING TOOLS MARKET 2022–2028 ($ MILLION)

EXHIBIT 78 GLOBAL ONLINE CUTTING TOOLS MARKET 2022–2028 (MILLION UNITS)

EXHIBIT 79 INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 80 INCREMENTAL GROWTH BY GEOGRAPHY 2022 & 2028

EXHIBIT 81 GLOBAL CUTTING TOOLS MARKET SHARE IN 2022

EXHIBIT 82 CUTTING TOOLS MARKET IN APAC 2022–2028 ($ MILLION)

EXHIBIT 83 CUTTING TOOLS MARKET IN APAC 2022–2028 (MILLION UNITS)

EXHIBIT 84 INCREMENTAL GROWTH IN APAC 2022 & 2028

EXHIBIT 85 INCREMENTAL GROWTH IN APAC 2022 & 2028

EXHIBIT 86 CUTTING TOOLS MARKET IN CHINA 2022–2028 ($ MILLION)

EXHIBIT 87 CUTTING TOOLS MARKET IN CHINA 2022–2028 (MILLION UNITS)

EXHIBIT 88 CUTTING TOOLS MARKET IN JAPAN 2022–2028 ($ MILLION)

EXHIBIT 89 RESIDENTIAL & NON-RESIDENTIAL CONSTRUCTION OUTPUT JAPAN (2021–2022) (% CHANGE YOY)

EXHIBIT 90 CUTTING TOOLS MARKET IN JAPAN 2022–2028 (MILLION UNITS)

EXHIBIT 91 CUTTING TOOLS MARKET IN INDIA 2022–2028 ($ MILLION)

EXHIBIT 92 CUTTING TOOLS MARKET IN INDIA 2022–2028 (MILLION UNITS)

EXHIBIT 93 CUTTING TOOLS MARKET IN AUSTRALIA 2022–2028 ($ MILLION)

EXHIBIT 94 CUTTING TOOLS MARKET IN AUSTRALIA 2022–2028 (MILLION UNITS)

EXHIBIT 95 CUTTING TOOLS MARKET IN SOUTH KOREA 2022–2028 ($ MILLION)

EXHIBIT 96 CUTTING TOOLS MARKET IN SOUTH KOREA 2022–2028 (MILLION UNITS)

EXHIBIT 97 CUTTING TOOLS MARKET IN NORTH AMERICA 2022–2028 ($ MILLION)

EXHIBIT 98 CUTTING TOOLS MARKET IN NORTH AMERICA 2022–2028 (MILLION UNITS)

EXHIBIT 99 INCREMENTAL GROWTH IN NORTH AMERICA 2022 & 2028

EXHIBIT 100 INCREMENTAL GROWTH IN NORTH AMERICA 2022 & 2028

EXHIBIT 101 CUTTING TOOLS MARKET IN US 2022–2028 ($ MILLION)

EXHIBIT 102 US CONSTRUCTION SPENDING IN 2021

EXHIBIT 103 CUTTING TOOLS MARKET IN US 2022–2028 (MILLION UNITS)

EXHIBIT 104 CUTTING TOOLS MARKET IN CANADA 2022–2028 ($ MILLION)

EXHIBIT 105 SALES OF GOODS MANUFACTURED IN 2022 (IN DOLLARS MILLION)

EXHIBIT 106 CUTTING TOOLS MARKET IN CANADA 2022–2028 (MILLION UNITS)

EXHIBIT 107 CUTTING TOOLS MARKET IN EUROPE 2022–2028 ($ MILLION)

EXHIBIT 108 CUTTING TOOLS MARKET IN EUROPE 2022–2028 (MILLION UNITS)

EXHIBIT 109 INCREMENTAL GROWTH IN EUROPE 2022 & 2028

EXHIBIT 110 INCREMENTAL GROWTH IN EUROPE 2022 & 2028

EXHIBIT 111 CUTTING TOOLS MARKET IN GERMANY 2022–2028 ($ MILLION)

EXHIBIT 112 CUTTING TOOLS MARKET IN GERMANY 2022–2028 (MILLION UNITS)

EXHIBIT 113 CUTTING TOOLS MARKET IN FRANCE 2022–2028 ($ MILLION)

EXHIBIT 114 HOUSING PERMITS GIVEN IN FRANCE

EXHIBIT 115 CUTTING TOOLS MARKET IN FRANCE 2022–2028 (MILLION UNITS)

EXHIBIT 116 CUTTING TOOLS MARKET IN UK 2022–2028 ($ MILLION)

EXHIBIT 117 CUTTING TOOLS MARKET IN UK 2022–2028 (MILLION UNITS)

EXHIBIT 118 CUTTING TOOLS MARKET IN ITALY 2022–2028 ($ MILLION)

EXHIBIT 119 CUTTING TOOLS MARKET IN ITALY 2022–2028 (MILLION UNITS)

EXHIBIT 120 CUTTING TOOLS MARKET IN SPAIN 2022–2028 ($ MILLION)

EXHIBIT 121 CUTTING TOOLS MARKET IN SPAIN 2022–2028 (MILLION UNITS)

EXHIBIT 122 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA 2022–2028 ($ MILLION)

EXHIBIT 123 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA 2022–2028 (MILLION UNITS)

EXHIBIT 124 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2022 & 2028

EXHIBIT 125 INCREMENTAL GROWTH IN MIDDLE EAST & AFRICA 2022 & 2028

EXHIBIT 126 CUTTING TOOLS MARKET IN SAUDI ARABIA 2022–2028 ($ MILLION)

EXHIBIT 127 CUTTING TOOLS MARKET IN SAUDI ARABIA 2022–2028 (MILLION UNITS)

EXHIBIT 128 CUTTING TOOLS MARKET IN SOUTH AFRICA 2022–2028 ($ MILLION)

EXHIBIT 129 CUTTING TOOLS MARKET IN SOUTH AFRICA 2022–2028 (MILLION UNITS)

EXHIBIT 130 CUTTING TOOLS MARKET IN UAE 2022–2028 ($ MILLION)

EXHIBIT 131 CUTTING TOOLS MARKET IN UAE 2022–2028 (MILLION UNITS)

EXHIBIT 132 CUTTING TOOLS MARKET IN LATIN AMERICA 2022–2028 ($ MILLION)

EXHIBIT 133 CUTTING TOOLS MARKET IN LATIN AMERICA 2022–2028 (MILLION UNITS)

EXHIBIT 134 INCREMENTAL GROWTH IN LATIN AMERICA 2022 & 2028

EXHIBIT 135 INCREMENTAL GROWTH IN LATIN AMERICA 2022 & 2028

EXHIBIT 136 CUTTING TOOLS MARKET IN BRAZIL 2022–2028 ($ MILLION)

EXHIBIT 137 CUTTING TOOLS MARKET IN BRAZIL 2022–2028 (MILLION UNITS)

EXHIBIT 138 CUTTING TOOLS MARKET IN MEXICO 2022–2028 ($ MILLION)

EXHIBIT 139 CUTTING TOOLS MARKET IN MEXICO 2022–2028 (MILLION UNITS)

EXHIBIT 140 CUTTING TOOLS MARKET IN ARGENTINA 2022–2028 ($ MILLION)

EXHIBIT 141 CUTTING TOOLS MARKET IN ARGENTINA 2022–2028 (MILLION UNITS)

EXHIBIT 142 INDUSTRIES CATALYZING CUTTING TOOLS MARKET

 

LIST OF TABLES

TABLE 1 KEY CAVEATS

TABLE 2 CURRENCY CONVERSION 2015–2022

TABLE 3 GLOBAL INDEXABLE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 4 GLOBAL INDEXABLE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 5 GLOBAL SOLID ROUND CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 6 GLOBAL SOLID ROUND CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 7 GLOBAL GROOVERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 8 GLOBAL GROOVERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 9 GLOBAL REAMERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 10 GLOBAL REAMERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 11 GLOBAL MILLING CUTTERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 12 GLOBAL MILLING CUTTERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 13 GLOBAL DRILLS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 14 GLOBAL DRILLS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 15 GLOBAL OTHERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 16 GLOBAL OTHERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 17 GLOBAL CEMENTED CARBIDE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 18 GLOBAL CEMENTED CARBIDE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 19 GLOBAL HIGH-SPEED STEEL CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 20 GLOBAL HIGH-SPEED STEEL CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 21 GLOBAL CERAMICS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 22 GLOBAL CERAMICS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 23 GLOBAL CBN CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 24 GLOBAL CBN CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 25 GLOBAL OTHERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 26 GLOBAL OTHERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 27 GLOBAL AUTOMOTIVE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 28 GLOBAL AUTOMOTIVE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 29 GLOBAL GENERAL MANUFACTURING CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 30 GLOBAL GENERAL MANUFACTURING CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 31 GLOBAL OIL & GAS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 32 GLOBAL OIL & GAS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 33 GLOBAL AEROSPACE & DEFENSE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 34 GLOBAL AEROSPACE & DEFENSE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 35 GLOBAL ELECTRONIC CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 36 GLOBAL ELECTRONIC CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 37 GLOBAL MEDICAL CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 38 GLOBAL MEDICAL CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 39 GLOBAL OTHERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 40 GLOBAL OTHERS CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 41 GLOBAL OFFLINE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 42 GLOBAL OFFLINE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 43 GLOBAL ONLINE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 44 GLOBAL ONLINE CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 45 CUTTING TOOLS MARKET IN APAC BY TOOL TYPE 2022–2028 ($ MILLION)

TABLE 46 CUTTING TOOLS MARKET IN APAC BY TOOL TYPE 2022–2028 (MILLION UNITS)

TABLE 47 CUTTING TOOLS MARKET IN APAC BY PRODUCT 2022–2028 ($ MILLION)

TABLE 48 CUTTING TOOLS MARKET IN APAC BY PRODUCT 2022–2028 (MILLION UNITS)

TABLE 49 CUTTING TOOLS MARKET IN APAC BY MATERIAL 2022–2028 ($ MILLION)

TABLE 50 CUTTING TOOLS MARKET IN APAC BY MATERIAL 2022–2028 (MILLION UNITS)

TABLE 51 CUTTING TOOLS MARKET IN APAC BY END-USER 2022–2028 ($ MILLION)

TABLE 52 CUTTING TOOLS MARKET IN APAC BY END-USER 2022–2028 (MILLION UNITS)

TABLE 53 CUTTING TOOLS MARKET IN APAC BY DISTRIBUTION CHANNEL 2022–2028 ($ MILLION)

TABLE 54 CUTTING TOOLS MARKET IN APAC BY DISTRIBUTION CHANNEL 2022–2028 (MILLION UNITS)

TABLE 55 CUTTING TOOLS MARKET IN NORTH AMERICA BY TOOL TYPE 2022–2028 ($ MILLION)

TABLE 56 CUTTING TOOLS MARKET IN NORTH AMERICA BY TOOL TYPE 2022–2028 (MILLION UNITS)

TABLE 57 CUTTING TOOLS MARKET IN NORTH AMERICA BY PRODUCT 2022–2028 ($ MILLION)

TABLE 58 CUTTING TOOLS MARKET IN NORTH AMERICA BY PRODUCT 2022–2028 (MILLION UNITS)

TABLE 59 CUTTING TOOLS MARKET IN NORTH AMERICA BY MATERIAL 2022–2028 ($ MILLION)

TABLE 60 CUTTING TOOLS MARKET IN NORTH AMERICA BY MATERIAL 2022–2028 (MILLION UNITS)

TABLE 61 CUTTING TOOLS MARKET IN NORTH AMERICA BY END-USER 2022–2028 ($ MILLION)

TABLE 62 CUTTING TOOLS MARKET IN NORTH AMERICA BY END-USER 2022–2028 (MILLION UNITS)

TABLE 63 CUTTING TOOLS MARKET IN NORTH AMERICA BY DISTRIBUTION CHANNEL 2022–2028 ($ MILLION)

TABLE 64 CUTTING TOOLS MARKET IN NORTH AMERICA BY DISTRIBUTION CHANNEL 2022–2028 (MILLION UNITS)

TABLE 65 CUTTING TOOLS MARKET IN EUROPE BY TOOL TYPE 2022–2028 ($ MILLION)

TABLE 66 CUTTING TOOLS MARKET IN EUROPE BY TOOL TYPE 2022–2028 (MILLION UNITS)

TABLE 67 CUTTING TOOLS MARKET IN EUROPE BY PRODUCT 2022–2028 ($ MILLION)

TABLE 68 CUTTING TOOLS MARKET IN EUROPE BY PRODUCT 2022–2028 (MILLION UNITS)

TABLE 69 CUTTING TOOLS MARKET IN EUROPE BY MATERIAL 2022–2028 ($ MILLION)

TABLE 70 CUTTING TOOLS MARKET IN EUROPE BY MATERIAL 2022–2028 (MILLION UNITS)

TABLE 71 CUTTING TOOLS MARKET IN EUROPE BY END-USER 2022–2028 ($ MILLION)

TABLE 72 CUTTING TOOLS MARKET IN EUROPE BY END-USER 2022–2028 (MILLION UNITS)

TABLE 73 CUTTING TOOLS MARKET IN EUROPE BY DISTRIBUTION CHANNEL 2022–2028 ($ MILLION)

TABLE 74 CUTTING TOOLS MARKET IN EUROPE BY DISTRIBUTION CHANNEL 2022–2028 (MILLION UNITS)

TABLE 75 INVESTMENT IN CONSTRUCTION INDUSTRY IN ITALY ($ MILLION)

TABLE 76 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY TOOL TYPE 2022–2028 ($ MILLION)

TABLE 77 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY TOOL TYPE 2022–2028 (MILLION UNITS)

TABLE 78 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY PRODUCT 2022–2028 ($ MILLION)

TABLE 79 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY PRODUCT 2022–2028 (MILLION UNITS)

TABLE 80 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY MATERIAL 2022–2028 ($ MILLION)

TABLE 81 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY MATERIAL 2022–2028 (MILLION UNITS)

TABLE 82 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY END-USER 2022–2028 ($ MILLION)

TABLE 83 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY END-USER 2022–2028 (MILLION UNITS)

TABLE 84 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY DISTRIBUTION CHANNEL 2022–2028 ($ MILLION)

TABLE 85 CUTTING TOOLS MARKET IN MIDDLE EAST & AFRICA BY DISTRIBUTION CHANNEL 2022–2028 (MILLION UNITS)

TABLE 86 MAJOR CONSTRUCTION PROJECTS IN 2021

TABLE 87 CUTTING TOOLS MARKET IN LATIN AMERICA BY TOOL TYPE 2022–2028 ($ MILLION)

TABLE 88 CUTTING TOOLS MARKET IN LATIN AMERICA BY TOOL TYPE 2022–2028 (MILLION UNITS)

TABLE 89 CUTTING TOOLS MARKET IN LATIN AMERICA BY PRODUCT 2022–2028 ($ MILLION)

TABLE 90 CUTTING TOOLS MARKET IN LATIN AMERICA BY PRODUCT 2022–2028 (MILLION UNITS)

TABLE 91 CUTTING TOOLS MARKET IN LATIN AMERICA BY MATERIAL 2022–2028 ($ MILLION)

TABLE 92 CUTTING TOOLS MARKET IN LATIN AMERICA BY MATERIAL 2022–2028 (MILLION UNITS)

TABLE 93 CUTTING TOOLS MARKET IN LATIN AMERICA BY END-USER 2022–2028 ($ MILLION)

TABLE 94 CUTTING TOOLS MARKET IN LATIN AMERICA BY END-USER 2022–2028 (MILLION UNITS)

TABLE 95 CUTTING TOOLS MARKET IN LATIN AMERICA BY DISTRIBUTION CHANNEL 2022–2028 ($ MILLION)

TABLE 96 CUTTING TOOLS MARKET IN LATIN AMERICA BY DISTRIBUTION CHANNEL 2022–2028 (MILLION UNITS)

TABLE 97 KENNAMETAL INC.: MAJOR PRODUCT OFFERINGS

TABLE 98 OSG CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 99 ISCAR LTD: MAJOR PRODUCT OFFERINGS

TABLE 100 MAPAL DR. KRESS KG: MAJOR PRODUCT OFFERINGS

TABLE 101 MAKITA CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 102 ROBERT BOSCH: MAJOR PRODUCT OFFERINGS

TABLE 103 COMPANY 2: MAJOR PRODUCT OFFERINGS

TABLE 104 KELIN TOOLS: MAJOR PRODUCT OFFERINGS

TABLE 105 ICS CUTTING TOOLS INC: MAJOR PRODUCT OFFERINGS

TABLE 106 SNAP-ON INCORPORATED: MAJOR PRODUCT OFFERINGS

TABLE 107 OTTO BAIER GMBH: MAJOR PRODUCT OFFERINGS

TABLE 108 HILTI CORPORATION: MAJOR PRODUCT OFFERINGS

TABLE 109 SANDVIK AG: MAJOR PRODUCT OFFERINGS

TABLE 110 INGERSOLL CUTTING TOOLS: MAJOR PRODUCT OFFERINGS

TABLE 111 FRASIA SA: MAJOR PRODUCT OFFERINGS

TABLE 112 KYOCERA: MAJOR PRODUCT OFFERINGS

TABLE 113 J SCHNEEBERGER MASCHINEN AG: MAJOR PRODUCT OFFERINGS

TABLE 114 VOLLMER: MAJOR PRODUCT OFFERINGS

TABLE 115 CERATIZIT GROUP: MAJOR PRODUCT OFFERINGS

TABLE 116 HIKOKI: MAJOR PRODUCT OFFERINGS

TABLE 117 GLOBAL CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 ($ MILLION)

TABLE 118 GLOBAL CUTTING TOOLS MARKET BY GEOGRAPHY 2022–2028 (MILLION UNITS)

TABLE 119 GLOBAL CUTTING TOOL MARKET BY TOOL TYPE 2022−2028 ($ MILLION)

TABLE 120 GLOBAL CUTTING TOOLS MARKET BY TOOL TYPE 2022−2028 (MILLION UNITS)

TABLE 121 GLOBAL CUTTING TOOLS MARKET BY PRODUCT 2022−2028 ($ MILLION)

TABLE 122 GLOBAL CUTTING TOOLS MARKET BY PRODUCT 2022−2028 (MILLION UNITS)

TABLE 123 GLOBAL CUTTING TOOL MARKET BY MATERIAL 2022−2028 ($ MILLION)

TABLE 124 GLOBAL CUTTING TOOL MARKET BY MATERIAL 2022−2028 (MILLION UNITS)

TABLE 125 GLOBAL CUTTING TOOLS MARKET BY END-USER 2022−2028 ($ MILLION)

TABLE 126 GLOBAL CUTTING TOOLS MARKET BY END-USER 2022−2028 (MILLION UNITS)

TABLE 127 GLOBAL TOOLS MARKET BY DISTRIBUTION CHANNEL 2022−2028 ($ MILLION)

TABLE 128 GLOBAL CUTTING TOOLS MARKET BY DISTRIBUTION CHANNEL 2022−2028 (MILLION UNITS)

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

 

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY TOOL TYPE

4.3.2 MARKET SEGMENTATION BY PRODUCT

4.3.3 MARKET SEGMENTATION BY MATERIAL

4.3.4 MARKET SEGMENTATION BY END-USER

4.3.5 MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

4.3.6 MARKET SEGMENTATION BY GEOGRAPHY

 

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

 

6 PREMIUM INSIGHTS

6.1 FUTURE MARKET ANALYSIS

6.1.1 RISING HOME IMPROVEMENTS & DIY ACTIVITIES

6.1.2 RISING USAGE OF CUTTING TOOLS IN GENERAL MANUFACTURING INDUSTRIES

6.2 SEGMENTATION ANALYSIS

6.2.1 TOOL TYPE

6.2.2 PRODUCT

6.2.3 MATERIAL

6.3 GEOGRAPHICAL ANALYSIS

 

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW

8.2 CLASSIFICATION OF CUTTING TOOLS

8.2.1 SINGLE POINT

8.2.2 DOUBLE POINT

8.2.3 MULTI POINT

8.3 RISING METAL WORK

 

9 MARKET OPPORTUNITIES & TRENDS

9.1 EMERGING CONSTRUCTION INDUSTRY

9.2 RISING DEMAND FOR LUXURY VINYL TILES

9.3 ROBUST INCREASE IN NEW CONSTRUCTION AND REMODELING IN RESIDENTIAL SECTOR

 

10 MARKET GROWTH ENABLERS

10.1 RISING HOME IMPROVEMENTS & DIY ACTIVITIES

10.2 RISING USAGE OF CUTTING TOOLS IN GENERAL MANUFACTURING INDUSTRIES

10.3 DEVELOPING PROMINENCE OF ASIAN MANUFACTURING

 

11 MARKET RESTRAINTS

11.1 LOW-COST LABOR

11.2 OSCILLATION IN COST OF RAW MATERIALS

 

12 MARKET LANDSCAPE

12.1 MARKET SIZE & FORECAST

12.1.1 VALUE & VOLUME

12.2 FIVE FORCES ANALYSIS

12.2.1 THREAT OF NEW ENTRANTS

12.2.2 BARGAINING POWER OF SUPPLIERS

12.2.3 BARGAINING POWER OF BUYERS

12.2.4 THREAT OF SUBSTITUTES

12.2.5 COMPETITIVE RIVALRY

 

13 TOOL TYPE

13.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

13.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

13.3 MARKET OVERVIEW

13.4 INDEXABLE

13.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

13.4.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

13.5 SOLID ROUND

13.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

13.5.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

 

14 PRODUCT

14.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

14.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

14.3 MARKET OVERVIEW

14.4 GROOVERS

14.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

14.4.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

14.5 REAMERS

14.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

14.5.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

14.6 MILLING CUTTERS

14.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

14.6.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

14.7 DRILLS

14.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

14.7.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

14.8 OTHERS

14.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

14.8.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

 

15 MATERIAL

15.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

15.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

15.3 MARKET OVERVIEW

15.4 CEMENTED CARBIDE

15.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

15.4.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

15.5 HIGH-SPEED STEEL

15.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

15.5.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

15.6 CERAMICS

15.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

15.6.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

15.7 CBN

15.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

15.7.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

15.8 OTHERS

15.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

15.8.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

 

16 END-USER

16.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

16.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

16.3 MARKET OVERVIEW

16.4 AUTOMOTIVE

16.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

16.4.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

16.5 GENERAL MANUFACTURING

16.5.1 MARKET SIZE & FORECAST  (VALUE & VOLUME)

16.5.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

16.6 OIL & GAS

16.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

16.6.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

16.7 AEROSPACE & DEFENSE

16.7.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

16.7.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

16.8 ELECTRONIC

16.8.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

16.8.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

16.9 MEDICAL

16.9.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

16.9.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

16.10 OTHERS

16.10.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

16.10.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

 

17 DISTRIBUTION CHANNEL

17.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

17.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

17.3 MARKET OVERVIEW

17.4 OFFLINE

17.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

17.4.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

17.5 ONLINE

17.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

17.5.2 MARKET BY GEOGRAPHY (VALUE & VOLUME)

 

18 GEOGRAPHY

18.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

18.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

18.3 GEOGRAPHIC OVERVIEW

 

19 APAC

19.1 MARKET SIZE & FORECAST

19.1.1 VALUE & VOLUME

19.2 TOOL TYPE

19.2.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

19.3 PRODUCT

19.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

19.4 MATERIAL

19.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

19.5 END-USER

19.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

19.6 DISTRIBUTION CHANNEL

19.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

19.7 KEY COUNTRIES

19.7.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

19.7.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

19.7.3 CHINA: MARKET SIZE & FORECAST (VALUE & VOLUME)

19.7.4 JAPAN: MARKET SIZE & FORECAST (VALUE & VOLUME)

19.7.5 INDIA: MARKET SIZE & FORECAST (VALUE & VOLUME)

19.7.6 AUSTRALIA: MARKET SIZE & FORECAST (VALUE & VOLUME)

19.7.7 SOUTH KOREA: MARKET SIZE & FORECAST (VALUE & VOLUME)

 

20 NORTH AMERICA

20.1 MARKET SIZE & FORECAST

20.1.1 VALUE & VOLUME

20.2 TOOL TYPE

20.2.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

20.3 PRODUCT

20.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

20.4 MATERIAL

20.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

20.5 END-USER

20.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

20.6 DISTRIBUTION CHANNEL

20.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

20.7 KEY COUNTRIES

20.7.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

20.7.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

20.7.3 US: MARKET SIZE & FORECAST (VALUE & VOLUME)

20.7.4 CANADA: MARKET SIZE & FORECAST (VALUE & VOLUME)

 

21 EUROPE

21.1 MARKET SIZE & FORECAST

21.1.1 VALUE & VOLUME

21.2 TOOL TYPE

21.2.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

21.3 PRODUCT

21.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

21.4 MATERIAL

21.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

21.5 END-USER

21.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

21.6 DISTRIBUTION CHANNEL

21.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

21.7 KEY COUNTRIES

21.7.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

21.7.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

21.7.3 GERMANY: MARKET SIZE & FORECAST (VALUE & VOLUME)

21.7.4 FRANCE: MARKET SIZE & FORECAST (VALUE & VOLUME)

21.7.5 UK: MARKET SIZE & FORECAST (VALUE & VOLUME)

21.7.6 ITALY: MARKET SIZE & FORECAST (VALUE & VOLUME)

21.7.7 SPAIN: MARKET SIZE & FORECAST (VALUE & VOLUME)

 

22 MIDDLE EAST & AFRICA

22.1 MARKET SIZE & FORECAST

22.1.1 VALUE & VOLUME

22.2 TOOL TYPE

22.2.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

22.3 PRODUCT

22.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

22.4 MATERIAL

22.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

22.5 END-USER

22.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

22.6 DISTRIBUTION CHANNEL

22.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

22.7 KEY COUNTRIES

22.7.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

22.7.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

22.7.3 SAUDI ARABIA: MARKET SIZE & FORECAST (VALUE & VOLUME)

22.7.4 SOUTH AFRICA: MARKET SIZE & FORECAST (VALUE & VOLUME)

22.7.5 UAE: MARKET SIZE & FORECAST (VALUE & VOLUME)

 

23 LATIN AMERICA

23.1 MARKET SIZE & FORECAST

23.1.1 VALUE & VOLUME

23.2 TOOL TYPE

23.2.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

23.3 PRODUCT

23.3.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

23.4 MATERIAL

23.4.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

23.5 END-USER

23.5.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

23.6 DISTRIBUTION CHANNEL

23.6.1 MARKET SIZE & FORECAST (VALUE & VOLUME)

23.7 KEY COUNTRIES

23.7.1 MARKET SNAPSHOT & GROWTH ENGINE (VALUE)

23.7.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)

23.7.3 BRAZIL: MARKET SIZE & FORECAST (VALUE & VOLUME)

23.7.4 MEXICO: MARKET SIZE & FORECAST (VALUE & VOLUME)

23.7.5 ARGENTINA: MARKET SIZE & FORECAST (VALUE & VOLUME)

 

24 COMPETITIVE LANDSCAPE

24.1 COMPETITION OVERVIEW

25 KEY COMPANY PROFILES

25.1 KENNAMETAL INC

25.1.1 BUSINESS OVERVIEW

25.1.2 PRODUCT OFFERINGS

25.1.3 KEY STRATEGIES

25.1.4 KEY STRENGTHS

25.1.5 KEY OPPORTUNITIES

25.2 OGS CORPORATION

25.2.1 BUSINESS OVERVIEW

25.2.2 PRODUCT OFFERINGS

25.2.3 KEY STRATEGIES

25.2.4 KEY STRENGTHS

25.2.5 KEY OPPORTUNITIES

25.3 ISCAR LTD

25.3.1 BUSINESS OVERVIEW

25.3.2 PRODUCT OFFERINGS

25.3.3 KEY STRATEGIES

25.3.4 KEY STRENGTHS

25.3.5 KEY OPPORTUNITIES

 

26 OTHER PROMINENT VENDORS

26.1 MAPAL DR. KRESS KG

26.1.1 BUSINESS OVERVIEW

26.1.2 PRODUCT OFFERINGS

26.2 MAKITA CORPORATION

26.2.1 BUSINESS OVERVIEW

26.2.2 PRODUCT OFFERINGS

26.3 ROBERT BOSCH

26.3.1 BUSINESS OVERVIEW

26.3.2 PRODUCT OFFERINGS

26.4 STANLEY BLACK & DECKER

26.4.1 BUSINESS OVERVIEW

26.4.2 PRODUCT OFFERINGS

26.5 KELIN TOOLS

26.5.1 BUSINESS OVERVIEW

26.5.2 PRODUCT OFFERINGS

26.6 ICS CUTTING TOOLS INC

26.6.1 BUSINESS OVERVIEW

26.6.2 PRODUCT OFFERINGS

26.7 SNAP-ON INCORPORATED

26.7.1 BUSINESS OVERVIEW

26.7.2 PRODUCT OFFERINGS

26.8 OTTO BAIER GMBH

26.8.1 BUSINESS OVERVIEW

26.8.2 PRODUCT OFFERINGS

26.9 HILTI CORPORATION

26.9.1 BUSINESS OVERVIEW

26.9.2 PRODUCT OFFERINGS

26.10 SANDVIK AG

26.10.1 BUSINESS OVERVIEW

26.10.2 PRODUCT OFFERINGS

26.11 INGERSOLL CUTTING TOOLS

26.11.1 BUSINESS OVERVIEW

26.11.2 PRODUCT OFFERINGS

26.12 FRAISA SA

26.12.1 BUSINESS OVERVIEW

26.12.2 PRODUCT OFFERINGS

26.13 KYOCERA

26.13.1 BUSINESS OVERVIEW

26.13.2 PRODUCT OFFERINGS

26.14 J SCHNEEBERGER MASCHINEN AG

26.14.1 BUSINESS OVERVIEW

26.14.2 PRODUCT OFFERINGS

26.15 VOLLMER

26.15.1 BUSINESS OVERVIEW

26.15.2 PRODUCT OFFERINGS

26.16 CERATIZIT GROUP

26.16.1 BUSINESS OVERVIEW

26.16.2 PRODUCT OFFERINGS

26.17 HIKOKI

26.17.1 BUSINESS OVERVIEW

26.17.2 PRODUCT OFFERINGS

 

27 REPORT SUMMARY

27.1 KEY TAKEAWAYS

27.2 STRATEGIC RECOMMENDATIONS

 

28 QUANTITATIVE SUMMARY

28.1 MARKET BY GEOGRAPHY

28.2 MARKET BY TOOL TYPE

28.3 MARKET BY PRODUCT

28.4 MARKER BY MATERIAL

28.5 MARKET BY END-USER

28.6 MARKET BY DISTRIBUTION CHANNEL

 

29 APPENDIX

29.1 ABBREVIATIONS

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Frequently Asked Questions

How big is the global cutting tools market?

The global cutting tools market was valued at USD 9.50 billion in 2022 and is expected to reach USD 13.26 billion by 2028.

What is the growth rate of the global cutting tools market?

The global cutting tools market is expected to grow at a CAGR of 5.72% from 2022 to 2028.

Which region dominates the global cutting tools market share?

APAC held the largest global cutting tools market share, accounting for nearly 38% in 2022.

Who are the key players in the global cutting tools market?

The key global cutting tools market players are Kennametal Inc., OSG Corporation, and Iscar Ltd.

What are the significant trends in the cutting tools market?

The emerging construction industry, rising demand for luxury vinyl tiles, and robust increase in new construction and remodeling in the residential sector are significant trends in the cutting tools industry.