Global Boring Tools Market 2017-2021

  • ID: 4143789
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • ALESA
  • CeramTec
  • Ferguson Enterprises
  • IMCO Carbide Tool
  • LUKAS-ERZETT
  • NACHI-FUJIKOSHI
  • MORE
About Boring Tools

The increasing demand for automation, aviation, and general electronic goods is expected to drive the global boring tools market. The major growth in the boring tools will be seen in key APAC countries such as China and India. South Korea and other emerging economies are growing at a higher rate when compared with the matured markets in the Americas and EMEA. The metal cutting tools market, which is the parent market for the boring tools market, was valued at $36.04 billion in 2016. Since metal cutting tools find application in almost every manufacturing industry, the growth of the boring tools market will be governed by the dynamics of the manufacturing sector.

The analysts forecast the global boring tools market to grow at a CAGR of 7.27% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global boring tools market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market through the study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Boring Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BIG KAISER
- Kennametal
- NACHI-FUJIKOSHI
- OSG
- Sandvik

Other prominent vendors
- Advanced Carbide Tool Company
- ALESA
- Allegheny Technologies
- AMAMCO Tool
- Asahi Diamond Industrial
- BECKER Diamantwerkzeuge
- BOEHLERIT
- CeramTec
- CERATIZIT
- CERIN
- DAPRA
- DIJET
- Dura-Mill
- Dorian Tool International
- Elenco Carbide Tool Corporation
- Ferguson Enterprises
- Five Star Tool Company
- Forbes & Company
- Fullerton Tool Company
- Guhring
- Harvey Tool Company
- HIGRED TOOLS
- Mitsubishi Materials Corporation
- IMCO Carbide Tool
- Internal Tool
- ISCAR
- Jarvis Cutting Tools
- KOMET GROUP
- LMT TOOLS
- LUKAS-ERZETT
- M.A. Ford
- MAPAL Dr. Kress
- Mastercut Tool
- MELIN TOOL COMPANY
- MIRANDA TOOLS
- Morgood Tools
- Rigibore
- Rock River Tool
- SWISS TOOL SYSTEMS
- Seco Tools
- SGS Tool Company
- Walter

Market drivers
- Rise in demand for fabricated metal in automotive sector.
- For a full, detailed list, view the full report

Market challenges
- Rise in popularity of electrical discharge and electrochemical machining.
- For a full, detailed list, view the full report

Market trends
- Carbide materials for boring tools.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • ALESA
  • CeramTec
  • Ferguson Enterprises
  • IMCO Carbide Tool
  • LUKAS-ERZETT
  • NACHI-FUJIKOSHI
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Transportation
  • General machinery
  • Precision engineering
PART 07: Geographical segmentation
  • APAC
  • EMEA
  • Americas
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 10: Market trends
  • Additive manufacturing
  • Carbide materials for boring tools
PART 11: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 12: Key vendor analysis
  • BIG KAISER
  • Kennametal
  • NACHI-FUJIKOSHI
  • OSG
  • Sandvik
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Market share by end-user segment 2016 and 2021
Exhibit 02: Market segmentation of global boring tools market
Exhibit 03: Global boring tools market 2016-2021 ($ millions)
Exhibit 04: Global vehicle sales by type 2015 (%)
Exhibit 05: Region-wise performance outlook for automotive industry 2015-2021
Exhibit 06: Five forces analysis
Exhibit 07: Global boring tools market by geography 2016 and 2021
Exhibit 08: Global boring tools market in transportation segment 2016-2021 ($ millions)
Exhibit 09: Global boring tools market in general machinery segment 2016-2021 ($ millions)
Exhibit 10: Global boring tools market in precision engineering 2016-2021 ($ millions)
Exhibit 11: Global boring tools market by geography 2016 and 2021
Exhibit 12: Boring tools market in APAC 2016-2021 ($ millions)
Exhibit 13: Automotive sales in China 2014-2016 (millions of units)
Exhibit 14: Boring tools market in EMEA 2016-2021 ($ millions)
Exhibit 15: Passenger car production in EU 2016 H1 (%)
Exhibit 16: Boring tools market in Americas ($ millions)
Exhibit 17: Advantages of CNC in boring tools
Exhibit 18: Impact of drivers
Exhibit 19: Global price trend of stainless steel June 2014-May 2015 ($/ton)
Exhibit 20: Impact of challenges
Exhibit 21: Global 3D printing market 2016-2021 ($ billions)
Exhibit 22: List of other prominent vendors
Exhibit 23: BIG KAISER: Boring tools product portfolio
Exhibit 24: Kennametal: Boring tools product portfolio
Exhibit 25: NACHI-FUJIKOSHI: Boring tools product portfolio
Exhibit 26: OSG: Boring tools product portfolio
Exhibit 27: Sandvik: Boring tools product portfolio
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ALESA
  • CeramTec
  • Ferguson Enterprises
  • IMCO Carbide Tool
  • LUKAS-ERZETT
  • NACHI-FUJIKOSHI
  • MORE
New Report Released: – Global Boring Tools Market 2017-2021

The author of the report recognizes the following companies as the key players in the global boring tools market: BIG KAISER, Kennametal, NACHI-FUJIKOSHI, OSG, and Sandvik.

Other Prominent Vendors in the market are: Advanced Carbide Tool Company, ALESA, Allegheny Technologies, AMAMCO Tool, Asahi Diamond Industrial, BECKER Diamantwerkzeuge, BOEHLERIT, CeramTec, CERATIZIT, CERIN, DAPRA, DIJET, Dura-Mill, Dorian Tool International, Elenco Carbide Tool Corporation, Ferguson Enterprises, Five Star Tool Company, Forbes & Company, Fullerton Tool Company, Guhring, Harvey Tool Company, HIGRED TOOLS, Mitsubishi Materials Corporation, IMCO Carbide Tool, Internal Tool, ISCAR, Jarvis Cutting Tools, KOMET GROUP, LMT TOOLS, LUKAS-ERZETT, M.A. Ford, MAPAL Dr. Kress, Mastercut Tool, MELIN TOOL COMPANY, MIRANDA TOOLS, Morgood Tools, Rigibore, Rock River Tool, SWISS TOOL SYSTEMS, Seco Tools, SGS Tool Company, and Walter.

Commenting on the report, an analyst from the research team said: “One trend in market is additive manufacturing. The manufacturing industry is witnessing the advent of a revolutionary technology known as 3D printing. 3D printing, also called additive manufacturing, is the process of creating three-dimensional objects using a digital file. The process usually involves building the product in thin layers one by one. 3D printing enables the production of complex geometries, which are either arduous or impossible with traditional manufacturing techniques. The additive nature of 3D printing, unlike traditional printing technologies, optimizes the use of material and therefore, minimizes the wastage of material. Traditional techniques are subtractive in nature, where the manufacturing takes place by cutting away the excess material. In these methods, approximately 60%-70% of the material ends up as scrap, which is later melted and reused, further adding to the cost. Replacing the traditional manufacturing techniques with 3D printing will result in the significant reduction of capital costs, raw material costs, and costs in reclaiming scrap.”

According to the report, one driver in market is emergence of CNC-based boring tools. Design plays a crucial role in the process of product development. Precision is paramount in any product. This is where boring machines play a crucial role, by implementing and developing complex products and shapes. Thus, the effective use of these tools helps industries to develop superior-quality products that offer enhanced dimensional accuracy. Computer numerical control (CNC) refers to the automation of any machine tool, where the predefined functions and motions of that machine are fed and controlled by the prepared program. A CNC can govern the motion of any workpiece including the depth of cut, and the drill and speed of the rotation of the workpiece. Advances in metal cutting tools, especially the incorporation of CNC-based control, are possible because of continuous R&D efforts. CNC-based machines are highly productive and efficient. CNC is widely used in machine tools such as lathe machines, drill presses, milling and boring machines, and grinding units.

Further, the report states that one challenge in market is rise in popularity of electrical discharge and electrochemical machining. The global metal cutting tools market faces a serious threat from technologies such as electrochemical machining (ECM) and electrical discharge machining (EDM). Traditional processes for metal cutting use boring tools that are made of abrasive and hard metals, which are used to cut softer metals. However, non-conventional methods such as ECM and EDM make use of electric current to remove the undesired metal. Traditional boring tools have limitations such the difficulty to work on hard and brittle materials using boring machining, and therefore, these limitations can be overcome using new technologies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • BIG KAISER
  • Kennametal
  • NACHI-FUJIKOSHI
  • OSG
  • Sandvik
  • Advanced Carbide Tool Company
  • ALESA
  • Allegheny Technologies
  • AMAMCO Tool
  • Asahi Diamond Industrial
  • BECKER Diamantwerkzeuge
  • BOEHLERIT
  • CeramTec
  • CERATIZIT
  • CERIN
  • DAPRA
  • DIJET
  • Dura-Mill
  • Dorian Tool International
  • Elenco Carbide Tool Corporation
  • Ferguson Enterprises
  • Five Star Tool Company
  • Forbes & Company
  • Fullerton Tool Company
  • Guhring
  • Harvey Tool Company
  • HIGRED TOOLS
  • Mitsubishi Materials Corporation
  • IMCO Carbide Tool
  • Internal Tool
  • ISCAR
  • Jarvis Cutting Tools
  • KOMET GROUP
  • LMT TOOLS
  • LUKAS-ERZETT
  • MA Ford
  • MAPAL Dr Kress
  • Mastercut Tool
  • MELIN TOOL COMPANY
  • MIRANDA TOOLS
  • Morgood Tools
  • Rigibore
  • Rock River Tool
  • SWISS TOOL SYSTEMS
  • Seco Tools
  • SGS Tool Company
  • Walter
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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