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

  • ID: 5359836
  • Report
  • June 2021
  • Region: North America
  • 105 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • CERATIZIT S.A.
  • DIMAR GROUP
  • GARR TOOL
  • KYOCERA Precision Tools
  • Makita Corporation
  • Sandvik Coromant
End Mills Segment to Dominate North America Carbide Tools Market during 2020-2028



According to this research study titled “North America 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$ 3,735.43 million by 2028 from US$ 2,762.22 million in 2021. The market is estimated to grow at a CAGR of 4.4 % from 2021 to 2028.The report provides trends prevailing in the North America carbide tools market along with the drivers and restraints pertaining to the market growth. Growing production in automotive sector and better performance of carbide tools than their counterparts are the major factor driving the growth of the North America carbide tools market. However, presence of better and low-cost alternatives hinders the growth of North America carbide tools market.

In case of COVID-19, North America is highly affected specially the US. The constant demand for carbide tools has witnessed a slight decrease in the production in the year 2020, owing to lockdown imposed by the government and low demand from automotive and transportation industries. This has hindered the growth of the carbide tools market last year, as is likely to continue slightly during 2021. The COVID-19 has already impacted the sales of electronics equipment and industrial machinery in the first quarter of 2020 and is expected to have a negative impact on the market growth throughout the year, as now the companies are functional with limited workforce and trying to come up with the losses, they faced in the year 2020. The significant requirement for the industrial machinery is majorly noticed from giant manufacturing countries such as the US, which is heavily impacted by the spread of coronavirus, thereby hampering the demand for industrial machinery. Furthermore, the majority of the manufacturing plants has shut down, municipalities are functioning slowly as compared to the past, and the automotive industry is at a halt, which is negatively impacting the carbide tools market in the region. All these factors impacted the market growth of carbide tools market in North America in a negative manner.

The North America 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, GARR TOOL, Ingersoll Cutting Tool Company, KYOCERA Precision Tools, Makita Corporation, MITSUBISHI MATERIALS Corporation, and Sandvik Coromant are among the leading companies in the North America 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 2021, Ingersoll Cutting Tools Company expands high speed and feed product lines.

The report segments the North America Carbide Tools Market as follows:

North America Carbide Tools Market - By Tool Type
  • End Mills
  • Tipped Bores
  • Burrs
  • Drills
  • Cutters
  • Other Tools
North America Carbide Tools Market - By Configuration
  • Hand-Based
  • Machine-Based
North America Carbide Tools Market - By End-User
  • Automotive and Transportation
  • Metal Fabrication
  • Construction
  • Oil and Gas
  • Heavy Machinery
  • Other End-user
North America Carbide Tools Market - By Country
  • US
  • Canada
  • Mexico
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CERATIZIT S.A.
  • DIMAR GROUP
  • GARR TOOL
  • KYOCERA Precision Tools
  • Makita Corporation
  • Sandvik Coromant
1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Carbide Tools Market - By Tool Type
1.3.2 North America Carbide Tools Market - By Configuration
1.3.3 North America Carbide Tools Market - By End-User
1.3.4 North America Carbide Tools Market - By Country

2. Key Takeaways

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

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

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

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

7. North America Carbide Tools Market Analysis- By Tool Type
7.1 Overview
7.2 North America 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. North America Carbide Tools Market Analysis- By Configuration
8.1 Overview
8.2 North America 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. North America Carbide Tools Market Analysis - By End-User
9.1 Overview
9.2 North America 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. North America Carbide Tools Market - Country Analysis
10.1 Overview
10.1.1 North America: Carbide tools Market, by Key Country
10.1.1.1 US: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Carbide Tools Market, by Tool Type
10.1.1.1.2 US: Carbide Tools Market, by Configuration
10.1.1.1.3 US: Carbide Tools Market, by End-User
10.1.1.2 Canada: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Carbide Tools Market, by Tool Type
10.1.1.2.2 Canada: Carbide Tools Market, by Configuration
10.1.1.2.3 Canada: Carbide Tools Market, by End-User
10.1.1.3 Mexico: Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Carbide Tools Market, by Tool Type
10.1.1.3.2 Mexico: Carbide Tools Market, by Configuration
10.1.1.3.3 Mexico: Carbide Tools Market, by End-User

11. North America Carbide Tools Market- COVID-19 Impact Analysis
11.1 North America

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

13. Company Profiles
13.1 CERATIZIT S.A.
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 GARR TOOL
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 Ingersoll Cutting Tool Company
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 KYOCERA Precision Tools
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 DIMAR GROUP
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 MITSUBISHI MATERIALS Corporation
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 Sandvik Coromant
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. North America Carbide Tools Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Carbide tools Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Carbide Tools Market, by Tool Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Carbide Tools Market, by Configuration - Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Carbide Tools Market, by End-User - Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Carbide Tools Market, by Tool Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Carbide Tools Market, by Configuration - Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Carbide Tools Market, by End-User - Revenue and Forecast to 2028 (Canada$ Million)
Table 9. Mexico: Carbide Tools Market, by Tool Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Carbide Tools Market, by Configuration - Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Carbide Tools Market, by End-User - Revenue and Forecast to 2028(Mexico$ Million)
Table 12. List of Abbreviation

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