Cutting Tools Volume I - Executive Summary - Global Industry Overview, Analysis & Forecasts: 2015-2020

  • ID: 3696158
  • Report
  • Region: Global
  • 75 Pages
  • Dedalus Consulting
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The Most Comprehensive Cutting Tools Report Available
Completely updated, expanded and revised for 2016! This is the 6th Edition of our Cutting Tools report.

New coverage includes additional end-user markets, over 75 in-depth producer profiles, and more detailed product breakdowns.

This executive summary presents a detailed overview of the global market for cutting tools by product type, total consumption value, demand trends, end-user markets, regions, workpiece materials, and competition. Products covered include: solid tools and indexable inserts; milling, turning and drilling tools.

Grades include carbide, ceramic, cermet, cBN/PcBN, diamond and steel. Products are analyzed by country and end-use markets. Market trends and forecasts are provided for the years 2015-2020.
Note: Product cover images may vary from those shown
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Scope of Coverage

- Study Objectives
- Methodology & Sources
- Statistical Notes

Product Application Types
Milling Tools

- End/Face Milling
- Slotting/Slitting
- Plunge Milling
- Contouring
- Profiling
- Threading
- Micromachining
- Other

Turning Tools

- ISO Turning
- Parting/Grooving
- Threading
- Profiling
- Micromachining
- Other

Drilling Tools

- Standard Depth Drilling
- Deep Hole Drilling
- Threading
- Micromachining
- Interchangeable Tip
- Other

Other Cutting Tools

- Reamers
- Taps
- Dies
- Burrs
- Other

Tool Types

- Indexable Inserts
- Solid Cutting Tools

Cutting Tool Grades

- Cemented (Tungsten) Carbides
- High-Speed Steel (HSS)
- Ceramics
- Cermets
- cBN/PcBN
- Diamond Tools

End-User Industries

Over 21 Countries and Regions covered.Each cutting tools market is specifically broken down by each of the following geographic regions:

- Aerospace
- Automotive
- Chemical Processing
- Communications
- Construction
- Defense/Military
- Die & Mold
- Electronics
- General Machining
- Job Shops
- Medical/Research
- Oil, Gas & Mining
- Paper & Pulp Industry
- Power Generation (e.g., wind, solar, hydropower)
- Transportation (e.g., railroads, shipbuilding, infrastructure)
- Other

Workpiece Materials

- Cast Irons
- Carbon Steels
- Stainless Steels
- High-Temperature/Super Alloys
- Hardened Materials
- Non-Ferrous Metals
- Non-Metallics

Geographic Coverage

Over 21 Countries and Regions covered.Each cutting tools market is specifically broken down by each of the following geographic regions:

- China
- United States
- Germany
- Japan
- Korea
- Italy
- France
- Taiwan
- United Kingdom
- Brazil
- Russia
- India
- Spain
- Switzerland
- Other EU
- Other NAFTA
- Other Europe
- Other Asia/Pacific
- Other Latin America
- Rest of World


- 2015 base year
- 2016 Estimated
- Forecasts: 2015-2020

Section One: Technology Overview
Key Industry Terminology

- General Machining Definitions
-- Applications
-- Tool Grade
-- Workpiece Material
- Product Type Definitions
-- Solid Cutting Tools
-- Indexable Inserts
--- Geometry
--- Shapes/Angles
- Application Tool Types Defined
-- Milling Tools
-- Turning Tools
-- Drilling Tools
-- Other Tools (e.g., reamers, burrs, etc.)
-- Micromachining Tools
- Machining Methods
-- Quick-Change Tooling
-- Modular Tooling
-- High-Speed Machining
-- Coolant Based Machining
-- Dry Machining

Cutting Tool Selection

- Application Definition
- Specifications
- Workpiece Material Evaluation

Advances in General Machining Processes

- Cutting Tool versus Machine Tool Development
- Advances and Developments in Machining Techniques
- Machine Tool Design and Productivity
- Alternative Machining Methods & Disruptive Technologies
-- Grinding/Abrasive Techniques
-- Machining Centers
-- Horizontal/Vertical Machining
-- Multi-axis machining
-- EDM (Electro-Discharge Machining)
-- ECM (Electro-Chemical Machining)
-- Laser Machining
-- Additive Manufacturing
- Knowledge Gap: Education on Tool Selection and Machine Capability
- Educating the Next Generation of Machinists
- Specialization and Customization Continue to Grow
- Impact of Advances in Cutting Tool Grade Technology
- Impact of Advances in Workpiece Material
- Impact on Tooling and Productivity

Coatings Overview

- What is a coating?
- Coatings Processes
-- CVD (Chemical Vapor Deposition)
-- PVD (Physical Vapor Deposition)
- Ceramic Coatings
-- TiN, TiCN, TiC, TiCN, TiAlN
-- TiAL Black and gold developments
- Nanostructured Materials Coatings
- Diamond Coatings
- Diamond-like-carbon (DLC) Developments
- Advances in Coatings Technology

International Standards

- ANSI Standards
- ISO (International Standards Organization) Standards
- Meeting international standards
- Impact of low quality products on the market

Technology Outlook

- Cutting Tool Technology on the Horizon
- Challenges and Advances in Materials Science
-- Nanostructured Materials
-- Ultrafine Grain (Micrograin) Carbides
-- Ceramics Evolution
- Increasing Productivity with New Designs

Section Two: Market Overview
Global Cutting Tools Market Overview

- Total Demand by Country for Cutting Tools ($MM): 2015-2020
- Trends & Forecasts in Cutting Tool Consumption
- Factors Affecting Cutting Tool Demand
- Global Industry Trends
- World Machining Industry by Product Type ($MM): 2015-2020
- Machine Tools Industry Overview
- Global Demand ($MM) for Machine Tools by Region and Type: 2015-2020
- Trends & Forecasts

Industry Trends & Forecasts

- Cycles of Growth and Decline
- High-growth Markets (CAGR by Year)
- Cutting Tool Producer Strategies in Reducing Costs
- Machine Shop Strategies in Reducing Costs
- Offsetting Increasing Labor Costs
- Reduction of Energy Costs
- Machine Tool Selection
- Impacts of Just-In-Time Practices
- Economics of Machining
- Economics of High-Speed Machining
- Economic Benefits of Dry Machining

Supply Chain Analysis

- Raw Materials
-- Tungsten
-- Cobalt
-- Tantalum
-- High-speed steel
-- Ceramics
--- Aluminum oxide
--- Silicon carbide
-- Cubic Boron Nitride (CBN)
-- PCD Diamond
- Blanks
- Coatings

Relevant Legislation

- Government Oversight & Associations
- Environmental Impact
- Waste Removal
- Coolant Use and Disposal
- Work Environment and Safety

Regional Market Data and Analysis

- Global Demand ($MM) for Cutting Tools by Region: 2015-2020
- Regional Trends
- High growth markets in a slow global economy
- Developing Nations versus Mature Economies
- Manufacturing Trends by Country

Distribution Channels

- Global Demand ($MM) by Distribution Channel: 2015-2020
- Distribution Channels Defined
-- Direct to the End-User
-- Private Labelling
-- Distributors (international, national regional, local)
-- Manufacturer's Representatives
-- Catalog Houses
-- Online Channels & Mass Merchandisers
-- Value Added Resellers
- Private Labelling: How This Significant Industry Affects Competition and Brand Name Recognition
- Multi-Tier Distribution Model: How it Affects Cost to the End-User
- Channel Mark-ups Explained


- Average Selling Price by Product Type
- End-User Industry Pricing Analysis
- Pricing Trends by Country

Cutting Tool Grade Trends

- Product Grade Overview
- Global Demand ($MM) for Cutting Tools by Grade: 2015-2020
- Cutting Tool Grades
-- Carbide Tools
-- Ceramic Tools
--- Advantages of Ceramic Tools
--- Solid Ceramic Tools, Alumina
--- SiC (silicon carbide), SiN (silicon nitride)
--- SiC Whisker Reinforced Tools
--- CMC (ceramic matrix composites)
-- Cermet Tools
-- CBN/PCBN Tools
-- Diamond Tools
- General Conclusions

Tool Type

- Global Demand ($MM) for Cutting Tools by Application Product Type — Milling, Turning, Drilling & Other: 2015-2020
- Global Demand ($MM) for Cutting Tools by Type — Solid versus Indexable Tooling: 2015-2020
-- Advances in Insert Design and Application
-- Trends in Solid versus Indexable Tooling

Workpiece Material

- Global Demand ($MM) for Cutting Tools by Workpiece Material: 2015-2020
- End-User Trends by Workpiece Material
- Machining Non-Metallic Materials
-- Plastics
-- Carbon Fiber Reinforced Plastics (CFRPs)
-- Ceramic Composites

End-User Analysis

- Global Demand for Cutting Tools ($MM) by End-User Industry: 2015-2020
- Statistics & Overall Market Data
- Forecasts and Predictions: 2020 and Beyond
- High growth markets in a diverse global economy
- Key Sectors by Country and Region
- Factors Affecting End-User Demand
- Analysis of Criteria for End-User Product Selection
- End-User Trends by Workpiece Material
- Key End-Users by Industry

Competitive Environment

This section looks at the general competitive factors in the global cutting tools industry. For a more in-depth look at the competitive landscape, see Volume 4 — Competitive Environment: Analysis and Producer Profiles

- Competitive Market Factors (e.g., pricing, product development...)
- Major Supplier Sales and Market Share ($MM): 2015-2016
- Marketing Strategies
- Competitive Landscape Moving Forward
Note: Product cover images may vary from those shown
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Research Methodology

All current market and competitive intelligence techniques are employed in order to ensure comprehensive research and analysis. The research methodology outlined here applies generally to all database services, published and custom research. Of course, it is regularly modified to suit a project and the client’s greater objectives.

Identification of Report & Client Objectives

Typically, a face-to-face interview with individual clients or based on industry need, this stage is intended to coordinate and develop specific goals, what the objectives are and how best to activate the anticipated research.

Research Program Development

This includes the outlining of a research program employing a multi-pronged approach, including data collection and analysis. Also, established in this phase are time-frame of report completion & delivery and matters of budget.

Preparatory Research & Program Planning

Upon initiation of any data program, an exhaustive search is conducted to locate and obtain any background information pertinent to the project.

Secondary Data Collection

Our first step is the collection and analysis of information contained within the existing databases which cover 20 years of global technological and market development. Thus we are well-positioned to examine historical trends as well as future forecasts.

Our next step is the gathering of current information through sources such as subscription-based trade magazines, newspapers, scientific journals, governement manufacturing data, patent databases, end-user industry data such as manufacturing output, and company financial data. Relevant company information includes product literature, financial history, R&D trends and end-use market strategies. We perform both a top-down and a bottom-up approach, meaning we conduct analyses of demand-based factors such as product end-use by value and volume, as well as supply-side factors such as producer sales by product.

Primary Data Collection/Interviews

This step is crucial in having a true understanding of market factors. It involves the performance of person-to-person interviews with important figures that have influence and experience in the subject market. Interview candidates typically include senior executives, marketing executives, product managers, technical operators, as well as financial personnel and policy makers active in the market.

Further, a large roster of knowledgeable contacts across many sectors has been built up. We have fostered relationships through our proprietary approach which is based on integrity, mutual respect, and confidentiality. As mentioned, this step is the foundation of good research.

Quantitative and Qualitative Analysis

Upon completion of the previous research stages, the data and information will be tabulated and analyzed according to standard market intelligence principles and methods such as Porter's Five Forces, SWOT, weighted averaging, competitive analysis, modeling practices, and forecasting.

Each step of analysis is carefully done in order to achieve the most accurate results. Sometimes it becomes necessary to revise assumptions and conclusions. In that case, we do not hesitate to go back to the research stage to clarify results. Further, we always allow for these contingencies in our program planning so as to not waste valuable time.

Data Presentation

Data presentation includes tabular and graphical representations. Any accompanying analysis is clearly written in both narrative and bullet form for ease of understanding and clarity. Final delivery is normally through digital means, such as Excel tables and PDF files, but can be done in hard copy upon request.

In the case of the online data subscription service, data is presented in tabular form, easily searchable and customizable using boolean search functions. Clients also have the ability to generate custom charts and graphs based on their search criteria and output them in convenient formats.

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Note: Product cover images may vary from those shown