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Cutting Tools Global Market: 2023

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    Report

  • 425 Pages
  • March 2023
  • Region: Global
  • Dedalus Consulting
  • ID: 5292880

This comprehensive four (4) volume industry report provides a detailed breakdown of the technology and the market dynamics driving the global cutting tools industry. Quantitative and qualitative analyses are presented for the years 2021 through 2027, and the report has been completely revised and updated to present up-to-date trends and forecasts covering the next five years.

Global markets are broken down by consumption ($mm) by country, end-user industry, tool type, application, workpiece material, grade, distribution channels, and competitor.

With 20 years experience in the cutting tools industry, this intelligence coverage offers the most comprehensive data and analysis available.

The following categories present how the data was developed, organized and is presented. Breaking the data into specific categories is essential to analyze and draw meaningful insights. The breakdowns are designed to highlight key patterns and trends in the data, as well as to facilitate comparisons between different groups or segments.

Research Objectives

  • The primary objectives in this analysis are:
  • To provide clients with the tools they need to accurately assess their market opportunities and potential;
  • To determine the size of the total market opportunity by cutting tool product types, end-user industry, workpiece materials, and grade by country;
  • To forecast future growth in each product by geographic and end-use market; and
  • To assess the competitive environment within the market including supplier sales, market share, and producer profiles.

Methodology & Sources

The publisher employs all current market and competitive intelligence techniques in order to ensure comprehensive research and analysis. The research methodology applies generally to all database services, published and custom research. It can also be modified to suit a project and the client’s specific objectives.

Steps in our research methodology include:

  • Identification of Report/Client Objectives
  • Research program Development
  • Secondary Data Collection
  • Primary Data Collection/Interviews
  • Quantitative & Qualitative Analysis
  • Data Tabular Presentation, Visualization & Design

Product Types and Subtypes Covered

  • Milling Tools
  • End/Face Mills
  • Slot/Slit Mills
  • Plunge Mills
  • Contour Mills
  • Profiling
  • Threading
  • Micromachining
  • Helical
  • Other/Specialty
  • 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
  • Dies
  • Taps
  • Burrs

Tool Types: Solid/Indexable

  • Tool Form
  • Indexable Inserts
  • Solid Cutting Tools
  • Reamers
  • Other/Specialty

Cutting Tool Grades

  • Cemented (Tungsten) Carbides
  • High-Speed Steel (HSS)
  • Ceramics
  • Cermets
  • cBN/PcBN
  • Diamond
  • Workpiece Materials
  • Cast Irons (K)
  • Carbon Steels (P)
  • Stainless Steels (M)
  • High-Temperature/Super Alloys (S)
  • Hardened Materials (H)
  • Non-Ferrous Metals (N)
  • Composites
  • Other

Geographic Coverage

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

End-User Industries

  • Aerospace
  • Automation & Machinery
  • Automotive
  • Chemical Processing
  • Communications
  • Construction
  • Consumer
  • Defense/Military
  • Die & Mold
  • Electronics
  • Energy/Power Generation (e.g., renewables, nuclear)
  • Food, Beverage & Agriculture
  • Home Appliances
  • Infrastructure
  • Job Shops
  • Machining General
  • Medical/Research
  • Oil, Gas & Mining
  • Paper & Pulp Industry
  • Textile Manufacturing
  • Transportation (e.g., railroads, shipbuilding)
  • Other

Producer Market Share Breakdowns

  • Regions/Countries by Sales & Share:
  • NAFTA
  • European Union
  • Non-European Union
  • China
  • Japan
  • Korea
  • Taiwan
  • India
  • Latin America
  • Oceania
  • Other Asia/Pacific
  • Rest of World
  • Tier 1 Multinationals versus Local and Regional Suppliers

Applications Covered

  • Polishing/Lapping
  • Finishing/Deburring
  • Stock Removal
  • Grinding
  • Contouring
  • Planing
  • Sharpening
  • Boring
  • Other

Table of Contents

Volume 1: Global Industry Overview

Technology Overview

  • What is a Metal Cutting Tool?
  • Manufacturing of Cutting Tools
  • Cost Factors in Cutting tools Manufacturing
  • Coatings
  • Coatings Processes
  • CVD
  • PVD
  • Multilayer (superlattice) Ceramic Coatings
  • Nanocomposites
  • Diamond Coatings
  • Technological Advances in Cutting Tool Production
  • General Manufacturing Trends
  • Factory 4.0
  • The Benefits of Factory 4.0
  • How Cutting Tools are Selected
  • Workpiece Materials Defined
  • Cutting Tool Product Types by Application
  • Milling Tools
  • Turning Tools
  • Drilling/Holemaking Tools
  • Other Cutting Tools
  • Reamers
  • Deburring Tools (Burrs)
  • Taps/Dies
  • Custom/Specialty Tools
  • Machining Applications
  • Cutting Tool by Form
  • Solid Cutting Tools
  • Indexable Inserts
  • Cutting Tool Grade
  • High-Speed Steels
  • Cemented Tungsten Carbides
  • Ceramic Grade
  • Cermets
  • Superabrasives
  • Diamond
  • Polycrystalline (PCD) Tools
  • Monocrystalline (Single-crystal) Tools
  • Diamond Coated Tools
  • CBN/PcBN
  • Machining Technologies
  • Machine Tools
  • Grinding/Abrasive Techniques
  • Electro-Discharge Machining (EDM)
  • Wire EDM
  • RAM/Cavity/Sinker EDM
  • Small Hole Drilling EDM
  • Powder Metallurgy (PM)
  • Additive Manufacturing (AM)
  • Laser Machining
  • Definitions

Market Overview

  • Global Cutting Tools Market Overview
  • Total Demand by Country for Cutting Tools ($MM): 2021-2027
  • Trends & Forecasts in Cutting Tool Consumption
  • Factors Affecting Cutting Tool Demand
  • Global Industry Trends
  • World Machining Industry by Product Type ($MM): 2021-2027
  • Machine Tools Industry Overview
  • Global Demand ($MM) for Machine Tools by Region and Type: 2021-2027
  • Trends & Forecasts
  • World Market for Cutting Tools by Region
  • Regional Market Factors
  • Asia/Pacific
  • Europe
  • North America
  • South America
  • Supply Chain Factors
  • Global Policies on Industrial Production
  • European Union/Europe
  • Asia/Pacific
  • North America
  • South America
  • Market by End-User Consumption
  • Key Market Trends
  • Market by Product Type
  • Key Market Trends
  • Indexable Inserts & Solid Tooling
  • Factors Affecting Demand by Form
  • Market by Grade
  • Factors Affecting Demand by Grade
  • Market by Workpiece Material
  • Trends in Workpiece Material
  • Shipments by Distribution Channel
  • Getting to Market:
  • Distributors
  • Direct Sales
  • Private Labeling
  • Online
  • Integrators/VARS
  • Mass Merchandisers
  • Markups and Pricing
  • Competitive Bidding
  • Flat Rate
  • Volume Discounting
  • Competitive Environment
  • Supplier Trends and Market Share
  • Competitive Factors
  • Field of Competition
  • Product Sophistication
  • Competitive Technologies
  • Barriers to Market Entry

Volume 2: Global Cutting Tools Industry Analysis By Product

Milling

  • Drivers & Trends in the Global Milling Market
  • Key Facts from 2021 & 2022
  • Global Demand ($MM) by Country: 2021-2027
  • Market Trends by Region
  • CAGR 2021-2027: Year-over-Year Market Change by Country through Recovery
  • High-Growth Markets through the Forecast Period
  • Milling Tool Market by Product Type
  • Global Demand ($MM) for Milling Tools by Product Type: 2021-2027
  • End/Face Mills
  • Slot/Slit Mills
  • Plunge Mills
  • Contour Mills
  • Profiling
  • Threading
  • Micromachining
  • Helical
  • Other/Specialty
  • Forecasts & Trends in Product Type
  • Factors Affecting Demand by Product Type
  • Milling Tools by Type: Solid/Indexable
  • Global Demand ($MM) for Milling Tools by Tool Type: 2021-2027
  • Indexable
  • Solid
  • Trends in Solid versus Indexable Tooling
  • Milling Tools by Grade
  • Global Demand ($MM) for Milling Tools by Grade: 2021-2027
  • Factors Affecting Demand by Grade
  • CAGR (%) based on Consumption ($MM): 2021-2027
  • Milling Tool Consumption ($MM) by Workpiece Material
  • Global Demand ($MM) by Workpiece Material: 2021-2027
  • End-User Trends by Workpiece Material
  • CAGR (%) based on Consumption ($MM): 2021-2027
  • Milling Tool Demand ($MM) by End-User Industry
  • Key End-User Industries
  • High Growth Markets: CAGR (%) 2021-2027 by End-User
  • End-User Market by Consumption
  • Global Demand for Milling Tools ($MM) by End-User Industry: 2021-2027
  • Forecasts and Market Outlook: 2023 and Beyond
  • Factors Affecting End-User Demand

Turning Tools

  • Drivers & Trends in the Global Turning Market
  • Key Facts from 2021 & 2022
  • Global Demand ($MM) by Country: 2021-2027
  • Market Trends by Region
  • CAGR 2021-2027: Year-over-Year Market Change by Country through Recovery
  • High-Growth Markets through the Forecast Period
  • Turning Tool Market by Product Type
  • Global Demand ($MM) for Turning Tools by Product Type: 2021-2027
  • ISO Turning
  • Parting/Grooving
  • Threading
  • Profiling
  • Micromachining
  • Other
  • Forecasts & Trends in Product Type
  • Factors Affecting Demand by Product Type
  • Turning Tools by Type: Solid/Indexable
  • Global Demand ($MM) for Turning Tools by Tool Type: 2021-2027
  • Indexable
  • Solid
  • Trends in Solid versus Indexable Tooling
  • Turning Tools by Grade
  • Global Demand ($MM) for Turning Tools by Grade: 2021-2027
  • Factors Affecting Demand by Grade
  • CAGR (%) based on Consumption ($MM): 2021-2027
  • Turning Tool Consumption ($MM) by Workpiece Material
  • Global Demand ($MM) by Workpiece Material: 2021-2027
  • End-User Trends by Workpiece Material
  • CAGR (%) based on Consumption ($MM): 2021-2027
  • Turning Tool Demand ($MM) by End-User Industry
  • Key End-User Industries
  • High Growth Markets: CAGR (%) 2021-2027 by End-User
  • End-User Market by Consumption
  • Global Demand for Turning Tools ($MM) by End-User Industry: 2021-2027
  • Forecasts and Market Outlook: 2020 and Beyond
  • Factors Affecting End-User Demand
  • Product Technological Trends and Market Forecasts: 2021-2027

Drilling Tools

  • Drivers & Trends in the Global Drilling Market
  • Key Facts from 2021 & 2022
  • Global Demand ($MM) by Country: 2021-2027
  • Market Trends by Region
  • CAGR 2021-2027: Year-over-Year Market Change by Country through Recovery
  • High-Growth Markets through the Forecast Period
  • Drilling Tool Market by Product Type
  • Global Demand ($MM) for Drilling Tools by Product Type: 2021-2027
  • Standard Depth Drilling
  • Deep Hole Drilling
  • Threading
  • Micromachining
  • Interchangeable Tip
  • Other
  • Forecasts & Trends in Product Type
  • Factors Affecting Demand by Product Type
  • Drilling Tools by Type: Solid/Indexable
  • Global Demand ($MM) for Drilling Tools by Tool Type: 2021-2027
  • Indexable
  • Solid
  • Trends in Solid versus Indexable Tooling
  • Drilling Tools by Grade
  • Global Demand ($MM) for Drilling Tools by Grade: 2021-2027
  • Factors Affecting Demand by Grade
  • CAGR (%) based on Consumption ($MM): 2021-2027
  • Drilling Tool Consumption ($MM) by Workpiece Material
  • Global Demand ($MM) by Workpiece Material: 2021-2027
  • End-User Trends by Workpiece Material
  • CAGR (%) based on Consumption ($MM): 2021-2027
  • Drilling Tool Demand ($MM) by End-User Industry
  • Key End-User Industries
  • High Growth Markets: CAGR (%) 2021-2027 by End-User
  • End-User Market by Consumption
  • Global Demand for Drilling Tools ($MM) by End-User Industry: 2021-2027
  • Forecasts and Market Outlook: 2020 and Beyond
  • Factors Affecting End-User Demand
  • Product Technological Trends and Market Forecasts: 2021-2027

Other Tools

  • Drivers & Trends in the Global Other Market
  • Key Facts from 2021 & 2022
  • Global Demand ($MM) by Country: 2021-2027
  • Market Trends by Region
  • CAGR 2021-2027: Year-over-Year Market Change by Country through Recovery
  • High-Growth Markets through the Forecast Period
  • Other Tool Market by Product Type
  • Global Demand ($MM) for Other Tools by Product Type: 2021-2027
  • Dies
  • Taps
  • Burrs
  • Reamers
  • Other/Specialty
  • Forecasts & Trends in Product Type
  • Factors Affecting Demand by Product Type
  • Other Tools by Type: Solid/Indexable
  • Global Demand ($MM) for Other Tools by Tool Type: 2021-2027
  • Indexable
  • Solid
  • Trends in Solid versus Indexable Tooling
  • Other Tools by Grade
  • Global Demand ($MM) for Other Tools by Grade: 2021-2027
  • Factors Affecting Demand by Grade
  • CAGR (%) based on Consumption ($MM): 2021-2027
  • Other Tool Consumption ($MM) by Workpiece Material
  • Global Demand ($MM) by Workpiece Material: 2021-2027
  • End-User Trends by Workpiece Material
  • CAGR (%) based on Consumption ($MM): 2021-2027
  • Other Tool Demand ($MM) by End-User Industry
  • Key End-User Industries
  • High Growth Markets: CAGR (%) 2021-2027 by End-User
  • End-User Market by Consumption
  • Global Demand for Other Tools ($MM) by End-User Industry: 2021-2027
  • Forecasts and Market Outlook: 2020 and Beyond
  • Factors Affecting End-User Demand
  • Product Technological Trends and Market Forecasts: 2021-2027

Volume 3: End-User Industry Analysis By Country

Countries/Regions by section:

  • Section 3: China
  • Section 4: United States
  • Section 5: Germany
  • Section 6: Japan
  • Section 7: Korea
  • Section 8: Italy
  • Section 9: France
  • Section 10: Taiwan
  • Section 11: United Kingdom
  • Section 12: Brazil
  • Section 13: Russia
  • Section 14: CIS
  • Section 15: India
  • Section 16: Spain
  • Section 17: Switzerland
  • Section 18: Other EU
  • Section 19: Other NAFTA
  • Section 20: Other Europe
  • Section 21: Other Asia/Pacific
  • Section 22: Other Latin America
  • Section 23: Rest of World

General Market Conditions

  • Total Demand by Country for Cutting Tools ($MM): 2021-2027
  • Trends & Forecasts in Cutting Tool Consumption
  • Factors Affecting Cutting Tool Demand
  • Analysis of Distribution Channels
  • Key Market Trends by End-User Industry
  • Total Demand for Cutting Tools by End-User Industry ($MM): 2021-2027
  • Statistics & Overall Market
  • Percentage GDP
  • Growth Levels
  • Key Sectors
  • Production Capabilities
  • Key Producers by Industry
  • Government Regulation/Associations
  • Country Market by Product Application Type
  • Demand by Cutting Tool Product Type ($MM): 2021-2027
  • Milling
  • Turning
  • Drilling
  • Other
  • Country Market by Product Type
  • Demand by Cutting Tool Type ($MM): 2021-2027
  • Indexable
  • Solid
  • Trends by Tool Grade
  • Demand by Cutting Tool Grade ($MM): 2021-2027
  • High Speed Steel
  • Ceramics
  • Cermets
  • cBN/PcBN
  • Diamond
  • Competitive Analysis
  • Major Competitors by Country
  • Competitive Market Factors (e.g., pricing, product development...)
  • High-growth Markets (CAGR by Year)
  • General Conclusions
  • Industry Trends and Forecasts
  • Demand by Cutting Tools ($MM): 2021-2027
  • Historical Trends for the Global Cutting Tools Market

Volume 4: Competitive Analysis

Competitive Environment

  • General Factors for Competition
  • Competitive Market Factors (e.g., pricing, product development...)
  • Market Entry and New Competitors: Obstacles and Points of Entry
  • Competitive Landscape Moving Forward
  • Producer Market Share Breakdows
  • Comprehensive Cutting Tools Sales & Share Breakdowns by Region/Country: 2021-2022
  • Regions/Countries by Sales & Share:
  • NAFTA
  • European Union
  • Non-European Union
  • China
  • Japan
  • Korea
  • Taiwan
  • India
  • Latin America
  • Oceania
  • Other Asia/Pacific
  • Rest of World
  • Tier 1 Multinationals versus Local and Regional Suppliers
  • Mergers and Acquisition Activity
  • Historical Mergers and Acquisition Activity
  • Recent M&A Activity
  • Current Market Contraction Trends
  • Factors in Target Selection

Methodology

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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