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Asia Pacific Carbide Tools Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Tool Type, Configuration, and End-User

  • ID: 5359835
  • Report
  • June 2021
  • Region: Asia Pacific
  • 119 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • CERATIZIT S.A.
  • DIMAR GROUP
  • KYOCERA Precision Tools
  • Makita Corporation
  • Sandvik Coromant
  • Xinrui Industry Co., Ltd.
  • MORE
Automotive and Transportation Segment to Dominate APAC Carbide Tools Market during 2020-2028



According to this research study titled “APAC Carbide Tools Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Tool Type, Configuration, and End-User,” the market is expected to reach US$ 6,054.48 million by 2028 from US$ 4,205.41 million in 2021. The market is estimated to grow at a CAGR of 5.3 % from 2021 to 2028. The report provides trends prevailing in the APAC carbide tools market along with the drivers and restraints pertaining to the market growth. Surging demand for enhanced carbide cutting tools and growing demand in various industries are the major factor driving the growth of the APAC carbide tools market. However, accessibility of better and low-cost alternatives hinders the growth of APAC carbide tools market.

In case of COVID-19, APAC is highly affected specially India. China and India are the most prominent manufacturing hub in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdown but soon expected to recover the development by enhancing the production capabilities in the second half of the year 2021. The demand for advanced electronics such as a healthcare machines has risen significantly. Also, companies in the Asian region have restructured their capabilities by adopting various strategies such as automation, partnership, and acquisition. The lockdown has been having a severe impact on the automotive sector across the region. China is responsible for more than 80% of the global auto supply chain. Hubei, for example, is one of China's four main car production centers, with over 100 automotive suppliers. Hubei's automotive plants were closed until March 11 and are now slowly reopening. However, China has been able to stabilize its spread of COVID-19, and industries are up and running. This embarks a positive sign towards the stabilization of the carbide tools market.

The APAC carbide tools market is segmented into tool type, configuration, end-user, and country. Based on tool type, the market is further segmented into end mills, tipped bores, burrs, drills, cutters, and other tools. The end mills segment dominated the market in 2020 and drills segment is expected to be fastest growing during forecast period. In terms of configuration, the market is categorized into hand-based and machine-based. The machine-based segment dominated the market in 2020 and is also expected to be fastest growing during forecast period. Based on end-user, the market is segmented into automotive and transportation, metal fabrication, construction, oil and gas, heavy machinery, and other end-users. The automotive and transportation segment dominated the market in 2020 and heavy machinery segment is expected to be fastest growing during forecast period.

CERATIZIT S.A.; DIMAR GROUP; KYOCERA Precision Tools; Makita Corporation; MITSUBISHI MATERIALS Corporation; Sandvik Coromant; Xinrui Industry Co., Ltd.; and YG-1 Co., Ltd. are among the leading companies in the APAC carbide tools market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, YG-1 expands "K-2 4Flute Multiple Helix Carbide End Mills Line" optimized for steel, stainless steel and cast-iron machining.

The report segments the APAC Carbide Tools Market as follows:

APAC Carbide Tools Market - By Tool Type
  • End Mills
  • Tipped Bores
  • Burrs
  • Drills
  • Cutters
  • Other Tools
APAC Carbide Tools Market - By Configuration
  • Hand-Based
  • Machine-Based
APAC Carbide Tools Market - By End-User
  • Automotive and Transportation
  • Metal Fabrication
  • Construction
  • Oil and Gas
  • Heavy Machinery
  • Other End-user
APAC Carbide Tools Market - By Country
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CERATIZIT S.A.
  • DIMAR GROUP
  • KYOCERA Precision Tools
  • Makita Corporation
  • Sandvik Coromant
  • Xinrui Industry Co., Ltd.
  • MORE
1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Carbide Tools Market - By Tool Type
1.3.2 APAC Carbide Tools Market - By Configuration
1.3.3 APAC Carbide Tools Market - By End-User
1.3.4 APAC Carbide Tools Market - By Country

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. APAC Carbide Tools Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. APAC Carbide Tools Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Burgeoning production in automotive sector
5.1.2 Refined performance of carbide tools than their counterparts
5.2 Market Restraints
5.2.1 Accessibility of better and low-cost alternatives
5.3 Market Opportunities
5.3.1 Surging demand for enhanced carbide cutting tools
5.4 Future Trends
5.4.1 Growing demand in various industries
5.5 Impact Analysis of Drivers and Restraints

6. Carbide Tools Market - APAC Analysis
6.1 APAC Carbide Tools Market Overview
6.2 APAC Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7. APAC Carbide Tools Market Analysis- By Tool Type
7.1 Overview
7.2 APAC Carbide Tools Market Breakdown, By Tool Type (2020 and 2028)
7.3 End Mills
7.3.1 Overview
7.3.2 End Mills: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.4 Tipped Bores
7.4.1 Overview
7.4.2 Tipped Bores: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.5 Burrs
7.5.1 Overview
7.5.2 Burrs: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.6 Drills
7.6.1 Overview
7.6.2 Drills: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.7 Cutters
7.7.1 Overview
7.7.2 Cutters: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
7.8 Other Tools
7.8.1 Overview
7.8.2 Other Tools: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

8. APAC Carbide Tools Market Analysis- By Configuration
8.1 Overview
8.2 APAC Carbide Tools Market Breakdown, By Configuration (2020 and 2028)
8.3 Hand-Based
8.3.1 Overview
8.3.2 Hand-Based: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
8.4 Machine-Based
8.4.1 Overview
8.4.2 Machine-Based: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9. APAC Carbide Tools Market Analysis - By End-User
9.1 Overview
9.2 APAC Carbide Tools Market, By End-User (2020 and 2028)
9.3 Automotive and Transportation
9.3.1 Overview
9.3.2 Automotive and Transportation: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.4 Metal Fabrication
9.4.1 Overview
9.4.2 Metal Fabrication: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.5 Construction
9.5.1 Overview
9.5.2 Construction: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.6 Oil and Gas
9.6.1 Overview
9.6.2 Oil and Gas: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.7 Heavy Machinery
9.7.1 Overview
9.7.2 Heavy Machinery: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
9.8 Other End-User
9.8.1 Overview
9.8.2 Other End-User Industry: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

10. APAC Carbide Tools Market - Country Analysis
10.1 Overview
10.1.1 APAC: Carbide Tools Market, by Key Country
10.1.1.1 Australia: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Carbide Tools Market, by Tool Type
10.1.1.1.2 Australia: Carbide Tools Market, by Configuration
10.1.1.1.3 Australia: Carbide Tools Market, by End-User
10.1.1.2 China: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Carbide Tools Market, by Tool Type
10.1.1.2.2 China: Carbide Tools Market, by Configuration
10.1.1.2.3 China: Carbide Tools Market, by End-User
10.1.1.3 India: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Carbide Tools Market, by Tool Type
10.1.1.3.2 India: Carbide Tools Market, by Configuration
10.1.1.3.3 India: Carbide Tools Market, by End-User
10.1.1.4 Japan: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Carbide Tools Market, by Tool Type
10.1.1.4.2 Japan: Carbide Tools Market, by Configuration
10.1.1.4.3 Japan: Carbide Tools Market, by End-User
10.1.1.5 South Korea: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Carbide Tools Market, by Tool Type
10.1.1.5.2 South Korea: Carbide Tools Market, by Configuration
10.1.1.5.3 South Korea: Carbide Tools Market, by End-User
10.1.1.6 Rest of APAC: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Carbide Tools Market, by Tool Type
10.1.1.6.2 Rest of APAC: Carbide Tools Market, by Configuration
10.1.1.6.3 Rest of APAC: Carbide Tools Market, by End-User

11. APAC Carbide Tools Market- COVID-19 Impact Analysis
11.1 APAC

12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
12.4 Merger and Acquisition

13. Company Profiles
13.1 Xinrui Industry Co., Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CERATIZIT S.A.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KYOCERA Precision Tools
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 DIMAR GROUP
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 MITSUBISHI MATERIALS Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sandvik Coromant
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 YG-1 Co., Ltd.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Makita Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments

14. Appendix
14.1 About the Publisher
14.2 Word Index

List of Tables
Table 1. APAC Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Carbide Tools Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Carbide Tools Market, by Tool Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Carbide Tools Market, by Configuration - Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Carbide Tools Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Carbide Tools Market, by Tool Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Carbide Tools Market, by Configuration - Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Carbide Tools Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Carbide Tools Market, by Tool Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Carbide Tools Market, by Configuration - Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Carbide Tools Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Carbide Tools Market, by Tool Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Carbide Tools Market, by Configuration - Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Carbide Tools Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Carbide Tools Market, by Tool Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Carbide Tools Market, by Configuration - Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Carbide Tools Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Carbide Tools Market, by Tool Type - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Carbide Tools Market, by Configuration - Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: Carbide Tools Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation

List of Figures
Figure 1. APAC Carbide Tools Market Segmentation
Figure 2. APAC Carbide Tools Market Segmentation - By Country
Figure 3. APAC Carbide Tools Market Overview
Figure 4. End Mills Segment held the Largest Share of APAC Carbide Tools Market
Figure 5. Machine-Based Segment held the Largest Share of APAC Carbide Tools Market
Figure 6. Automotive and Transportation segment held the Largest Share of APAC Carbide Tools Market
Figure 7. China to Show Great Traction During Forecast Period
Figure 8. APAC- PEST Analysis
Figure 9. APAC Carbide Tools Market, Ecosystem
Figure 10. Expert Opinions
Figure 11. APAC Carbide Tools Market Impact Analysis of Drivers and Restraints
Figure 12. APAC Carbide Tools Market Revenue and Forecast to 2028(US$ Million) (US$ Million)
Figure 13. APAC Carbide Tools Market Breakdown, By Tool Type (2020 and 2028)
Figure 14. APAC End Mills: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 15. APAC Tipped Bores: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 16. APAC Burrs: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 17. APAC Drills: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 18. APAC Cutters: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 19. APAC Other Tools: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 20. APAC Carbide Tools Market Breakdown, By Configuration (2020 and 2028)
Figure 21. APAC Hand-Based: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 22. APAC Machine-Based: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 23. APAC Carbide Tools Market Breakdown, By End-User (2020 and 2028)
Figure 24. APAC Automotive and Transportation: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 25. APAC Metal Fabrication: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 26. APAC Construction: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 27. APAC Oil and Gas: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 28. APAC Heavy Machinery Industry: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 29. APAC Other End-User: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)
Figure 30. APAC: Carbide tools Market, by Key Country - Revenue (2020) (USD Million)
Figure 31. APAC: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. Australia: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. China: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. India: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Japan: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. South Korea: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of APAC: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in APAC Country Markets
Note: Product cover images may vary from those shown
  • CERATIZIT S.A.
  • DIMAR GROUP
  • KYOCERA Precision Tools
  • Makita Corporation
  • MITSUBISHI MATERIALS Corporation
  • Sandvik Coromant
  • Xinrui Industry Co., Ltd.
  • YG-1 Co., Ltd.
Note: Product cover images may vary from those shown
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