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Turning Tools Market By Type, By Application, By End-user industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 205 Pages
  • August 2022
  • Region: Global
  • Allied Market Research
  • ID: 5671216
Description Jump to:
The global turning tools market size was valued at $5,295.9 million in 2021, and is projected to reach $12,075.22 million by 2031, registering a CAGR of 8.3% from 2022 to 2031.

Turning is the most common lathe machining operation. During the turning process, a cutting tool removes material from the outer diameter of a rotating workpiece. The main objective of turning is to reduce the workpiece diameter to the desired dimension. There are two types of turning operations: rough turning tools and finish turning tools. A variety of operations can be performed on the workpiece during the process cycle to obtain the desired shape of the part. These operations can be classified as external or internal.

Rise in use of turning tools in industrial applications is one of the main reasons for development of the turning tool market. In addition, another important market trend is increasing automation levels across various end-user industries. Moreover, e-commerce platforms that offer turning equipment at inexpensive prices are another significant factor boosting the sector. Emergence of e-commerce platforms aids producers of turning tools in increasing their geographical presence, leading to overall growth of the turning tools market. In addition, rise in advancements in industrial design, as well as increase in demand to improve production efficiency, are encouraging manufacturers to investigate improved machine tool products, and thus raising demand for turning tools. One of the major reasons expected to propel the market growth is the increase in use of turning tools, particularly in industrial applications. Furthermore, these turning tools are utilized in automobile, aerospace, railway, furniture & carpentry, energy & power, and healthcare equipment industries.

The market is segmented on the basis of type, application, end users, and region. On the basis of type, the market is divided into rough turning tools and finish turning tools. On the basis of application, the market is divided into conventional lathe machine and CNC lathe machine. On the basis of end users, the market is divided into automotive, electronics & electrical, aerospace, construction & mining, and others. Region-wise, the global market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA

COMPETITION ANALYSIS

The key players that operate in the turning tools market are ALESA AG, Aloris Tool Technology Co., Inc., Applitec Moutier SA, Beijing Worldia Diamond Tools Co., Ltd., Ceratizit, Danobat Group, Dorian Tool International Incorporated., Dormer Pramet, Hanjiang Tool Co., Ltd., Ingersoll Cutting Tool Company, ISCAR LTD., Kennametal Foundation, Kyocera Unimerco, Seco Tools, Shanghai Tool Works Co., Ltd., Walter Tools, and WNT Tools India Pvt Ltd.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging market trends and dynamics.
  • In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
  • Extensive analysis of turning tools market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • Turning tools market forecast analysis from 2022 to 2031 is included in the report.
  • The key players in the turning tools market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of turning tools market industry.

Key Market Segments

By Type

  • Rough turning tools
  • Finish turning tools

By Application

  • Conventional lathe machine
  • CNC lathe machine

By End-user industry

  • Automotive
  • Scope of work
  • External
  • Internal
  • Electronics and electrical
  • Aerospace
  • Construction and mining
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • ALESA AG
  • Aloris Tool Technology Co. Inc
  • Applitec Moutier SA
  • Beijing Worldia Diamond Tools Co.Ltd.
  • Ceratizit
  • Danobat Group
  • Dorian Tool International Incorporated.
  • Dormer Pramet
  • Hanjiang Tool Co., Ltd.
  • Ingersoll Cutting Tool Company
  • ISCAR LTD.
  • Kennametal Foundation
  • Kyocera Unimerco
  • Seco Tools
  • Shanghai Tool Works Co.Ltd
  • Walter Tools
  • WNT Tools India Pvt Ltd

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: TURNING TOOLS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Rough turning tools
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Finish turning tools
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: TURNING TOOLS MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Conventional lathe machine
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 CNC lathe machine
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: TURNING TOOLS MARKET, BY END-USER INDUSTRY
6.1 Overview
6.1.1 Market size and forecast
6.2 Automotive
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.2.4 Automotive Turning Tools Market by Scope of work
6.2.4.1 External Market size and forecast, by region
6.2.4.2 Internal Market size and forecast, by region
6.3 Electronics and electrical
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Aerospace
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Construction and mining
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: TURNING TOOLS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End-user industry
7.2.4.1 North America Automotive Turning Tools Market by Scope of work
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by End-user industry
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by End-user industry
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by End-user industry
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End-user industry
7.3.4.1 Europe Automotive Turning Tools Market by Scope of work
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by End-user industry
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by End-user industry
7.3.5.3 United Kingdom
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by End-user industry
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by End-user industry
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by End-user industry
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End-user industry
7.4.4.1 Asia-Pacific Automotive Turning Tools Market by Scope of work
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by End-user industry
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by End-user industry
7.4.5.3 South Korea
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by End-user industry
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by End-user industry
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by End-user industry
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End-user industry
7.5.4.1 LAMEA Automotive Turning Tools Market by Scope of work
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by End-user industry
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by End-user industry
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by End-user industry
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 ALESA AG
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Aloris Tool Technology Co. Inc
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Applitec Moutier SA
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Beijing Worldia Diamond Tools Co.Ltd.,
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Ceratizit
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Danobat Group
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Dorian Tool International Incorporated.,
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Dormer Pramet
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Hanjiang Tool Co., Ltd.,
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Ingersoll Cutting Tool Company
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 ISCAR LTD.,
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Kennametal Foundation
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Kyocera Unimerco
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Seco Tools
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Shanghai Tool Works Co.Ltd
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Walter Tools
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 WNT Tools India Pvt Ltd
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
List of Tables
Table 1. Global Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 2. Screw Chillers Market, for Air Cooled Chiller, by Region, 2021-2031 ($Million)
Table 3. Screw Chillers Market for Air Cooled Chiller, by Country, 2021-2031 ($Million)
Table 4. Screw Chillers Market, for Water-Cooled Chiller, by Region, 2021-2031 ($Million)
Table 5. Screw Chillers Market for Water-Cooled Chiller, by Country, 2021-2031 ($Million)
Table 6. Global Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 7. Screw Chillers Market, for Single, by Region, 2021-2031 ($Million)
Table 8. Screw Chillers Market for Single, by Country, 2021-2031 ($Million)
Table 9. Screw Chillers Market, for Dual and Twin, by Region, 2021-2031 ($Million)
Table 10. Screw Chillers Market for Dual and Twin, by Country, 2021-2031 ($Million)
Table 11. Global Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 12. Screw Chillers Market, for Food and Beverage, by Region, 2021-2031 ($Million)
Table 13. Screw Chillers Market for Food and Beverage, by Country, 2021-2031 ($Million)
Table 14. Screw Chillers Market, for Chemical and Petrochemicals, by Region, 2021-2031 ($Million)
Table 15. Screw Chillers Market for Chemical and Petrochemicals, by Country, 2021-2031 ($Million)
Table 16. Screw Chillers Market, for Pharmaceutical, by Region, 2021-2031 ($Million)
Table 17. Screw Chillers Market for Pharmaceutical, by Country, 2021-2031 ($Million)
Table 18. Screw Chillers Market, for Oil and Gas, by Region, 2021-2031 ($Million)
Table 19. Screw Chillers Market for Oil and Gas, by Country, 2021-2031 ($Million)
Table 20. Screw Chillers Market, for Others, by Region, 2021-2031 ($Million)
Table 21. Screw Chillers Market for Others, by Country, 2021-2031 ($Million)
Table 22. Screw Chillers Market, by Region, 2021-2031 ($Million)
Table 23. North America Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 24. North America Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 25. North America Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 26. North America Screw Chillers Market, by Country, 2021-2031 ($Million)
Table 27. U.S. Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 28. U.S. Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 29. U.S. Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 30. Canada Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 31. Canada Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 32. Canada Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 33. Mexico Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 34. Mexico Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 35. Mexico Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 36. Europe Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 37. Europe Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 38. Europe Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 39. Europe Screw Chillers Market, by Country, 2021-2031 ($Million)
Table 40. Germany Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 41. Germany Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 42. Germany Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 43. Italy Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 44. Italy Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 45. Italy Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 46. UK Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 47. UK Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 48. UK Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 49. France Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 50. France Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 51. France Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 52. Rest of Europe Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 53. Rest of Europe Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 54. Rest of Europe Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 55. Asia-Pacific Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 56. Asia-Pacific Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 57. Asia-Pacific Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 58. Asia-Pacific Screw Chillers Market, by Country, 2021-2031 ($Million)
Table 59. China Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 60. China Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 61. China Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 62. Japan Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 63. Japan Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 64. Japan Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 65. India Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 66. India Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 67. India Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 68. Australia Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 69. Australia Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 70. Australia Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 71. Rest of Asia-Pacific Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 72. Rest of Asia-Pacific Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 73. Rest of Asia-Pacific Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 74. LAMEA Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 75. LAMEA Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 76. LAMEA Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 77. LAMEA Screw Chillers Market, by Country, 2021-2031 ($Million)
Table 78. Latin America Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 79. Latin America Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 80. Latin America Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 81. Middle East Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 82. Middle East Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 83. Middle East Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 84. Africa Screw Chillers Market, by Product Type, 2021-2031 ($Million)
Table 85. Africa Screw Chillers Market, by Compressor Type, 2021-2031 ($Million)
Table 86. Africa Screw Chillers Market, by End-user Industry, 2021-2031 ($Million)
Table 87. Carrier: Company Snapshot
Table 88. Carrier: Operating Segments
Table 89. Carrier: Product Portfolio
Table 90. Carrier: Net Sales
Table 91. Carrier: Key Stratergies
Table 92. Dunham Bush: Company Snapshot
Table 93. Dunham Bush: Operating Segments
Table 94. Dunham Bush: Product Portfolio
Table 95. Dunham Bush: Net Sales
Table 96. Dunham Bush: Key Stratergies
Table 97. Euroklimat S.P.A.: Company Snapshot
Table 98. Euroklimat S.P.A.: Operating Segments
Table 99. Euroklimat S.P.A.: Product Portfolio
Table 100. Euroklimat S.P.A.: Net Sales
Table 101. Euroklimat S.P.A.: Key Stratergies
Table 102. Haier Group: Company Snapshot
Table 103. Haier Group: Operating Segments
Table 104. Haier Group: Product Portfolio
Table 105. Haier Group: Net Sales
Table 106. Haier Group: Key Stratergies
Table 107. Johnson Controls: Company Snapshot
Table 108. Johnson Controls: Operating Segments
Table 109. Johnson Controls: Product Portfolio
Table 110. Johnson Controls: Net Sales
Table 111. Johnson Controls: Key Stratergies
Table 112. Lg Electronics: Company Snapshot
Table 113. Lg Electronics: Operating Segments
Table 114. Lg Electronics: Product Portfolio
Table 115. Lg Electronics: Net Sales
Table 116. Lg Electronics: Key Stratergies
Table 117. Mcquay Air-Conditioning Ltd.: Company Snapshot
Table 118. Mcquay Air-Conditioning Ltd.: Operating Segments
Table 119. Mcquay Air-Conditioning Ltd.: Product Portfolio
Table 120. Mcquay Air-Conditioning Ltd.: Net Sales
Table 121. Mcquay Air-Conditioning Ltd.: Key Stratergies
Table 122. Mitsubishi Electric Hydronics & It Cooling Systems S.P.A: Company Snapshot
Table 123. Mitsubishi Electric Hydronics & It Cooling Systems S.P.A: Operating Segments
Table 124. Mitsubishi Electric Hydronics & It Cooling Systems S.P.A: Product Portfolio
Table 125. Mitsubishi Electric Hydronics & It Cooling Systems S.P.A: Net Sales
Table 126. Mitsubishi Electric Hydronics & It Cooling Systems S.P.A: Key Stratergies
Table 127. Robert Bosch GmbH: Company Snapshot
Table 128. Robert Bosch GmbH: Operating Segments
Table 129. Robert Bosch GmbH: Product Portfolio
Table 130. Robert Bosch GmbH: Net Sales
Table 131. Robert Bosch GmbH: Key Stratergies
Table 132. Trane Technologies plc: Company Snapshot
Table 133. Trane Technologies plc: Operating Segments
Table 134. Trane Technologies plc: Product Portfolio
Table 135. Trane Technologies plc: Net Sales
Table 136. Trane Technologies plc: Key Stratergies
List of Figures
Figure 1. Turning Tools Market Segmentation
Figure 2. Turning Tools Market,2021-2031
Figure 3. Turning Tools Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Turning Tools Market:Drivers, Restraints and Opportunities
Figure 12. Turning Tools Market,By Type,2021(%)
Figure 13. Comparative Share Analysis of Rough Turning Tools Turning Tools Market,2021-2031(%)
Figure 14. Comparative Share Analysis of Finish Turning Tools Turning Tools Market,2021-2031(%)
Figure 15. Turning Tools Market,By Application,2021(%)
Figure 16. Comparative Share Analysis of Conventional Lathe Machine Turning Tools Market,2021-2031(%)
Figure 17. Comparative Share Analysis of Cnc Lathe Machine Turning Tools Market,2021-2031(%)
Figure 18. Turning Tools Market,By End-user Industry,2021(%)
Figure 19. Comparative Share Analysis of Automotive Turning Tools Market,2021-2031(%)
Figure 20. Comparative Share Analysis of Electronics and Electrical Turning Tools Market,2021-2031(%)
Figure 21. Comparative Share Analysis of Aerospace Turning Tools Market,2021-2031(%)
Figure 22. Comparative Share Analysis of Construction and Mining Turning Tools Market,2021-2031(%)
Figure 23. Comparative Share Analysis of Others Turning Tools Market,2021-2031(%)
Figure 24. Turning Tools Market by Region,2021
Figure 25. U.S. Turning Tools Market,2021-2031($Million)
Figure 26. Canada Turning Tools Market,2021-2031($Million)
Figure 27. Mexico Turning Tools Market,2021-2031($Million)
Figure 28. Germany Turning Tools Market,2021-2031($Million)
Figure 29. France Turning Tools Market,2021-2031($Million)
Figure 30. United Kingdom Turning Tools Market,2021-2031($Million)
Figure 31. Italy Turning Tools Market,2021-2031($Million)
Figure 32. Rest of Europe Turning Tools Market,2021-2031($Million)
Figure 33. China Turning Tools Market,2021-2031($Million)
Figure 34. Japan Turning Tools Market,2021-2031($Million)
Figure 35. South Korea Turning Tools Market,2021-2031($Million)
Figure 36. India Turning Tools Market,2021-2031($Million)
Figure 37. Rest of Asia-Pacific Turning Tools Market,2021-2031($Million)
Figure 38. Latin America Turning Tools Market,2021-2031($Million)
Figure 39. Middle East Turning Tools Market,2021-2031($Million)
Figure 40. Africa Turning Tools Market,2021-2031($Million)
Figure 41. Top Winning Strategies, by Year
Figure 42. Top Winning Strategies, by Development
Figure 43. Top Winning Strategies, by Company
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap of Top 10 Key Players
Figure 47. Alesa AG.: Net Sales ,($Million)
Figure 48. Aloris Tool Technology Co. Inc.: Net Sales ,($Million)
Figure 49. Applitec Moutier SA.: Net Sales ,($Million)
Figure 50. Beijing Worldia Diamond Tools Co.Ltd.,.: Net Sales ,($Million)
Figure 51. Ceratizit.: Net Sales ,($Million)
Figure 52. Danobat Group.: Net Sales ,($Million)
Figure 53. Dorian Tool International Incorporated.,.: Net Sales ,($Million)
Figure 54. Dormer Pramet.: Net Sales ,($Million)
Figure 55. Hanjiang Tool Co. Ltd.,.: Net Sales ,($Million)
Figure 56. Ingersoll Cutting Tool Company.: Net Sales ,($Million)
Figure 57. Iscar Ltd.,.: Net Sales ,($Million)
Figure 58. Kennametal Foundation.: Net Sales ,($Million)
Figure 59. Kyocera Unimerco.: Net Sales ,($Million)
Figure 60. Seco Tools.: Net Sales ,($Million)
Figure 61. Shanghai Tool Works Co.Ltd.: Net Sales ,($Million)
Figure 62. Walter Tools.: Net Sales ,($Million)
Figure 63. Wnt Tools India Pvt Ltd.: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Turning Tools Market," the turning tools market size was valued at $5.3 billion in 2021, and is estimated to reach $12.1 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.

Turning tools market scope consists of a replaceable insert in the body of the tool. It involves a fixed and non-rotating cutter as in turning, the workpiece spins instead of the tool. The tool inserts vary in shape, material, coating, and geometry. These tools can be round in shape to increase the strength of the edges; tools in diamond shape allow sharp points to cut into fine features; square shaped tools maximize the number of separate edges to change it if it wears out.

Rise in global population significantly increased the demand for private and public vehicles for transportation purposes. According to the U.S. Department of Transportation, as of 2020, there were as many as 274 million vehicles on the roads in the U.S. This large number of on-road vehicles has significantly increased the number of garages and service centers, as they are vital for maintaining safe working condition of vehicles. Increase in number of garages and service centers, thereby creating a demand for turning tools market outlook. These are extensively used in garages and auto service centers for repair and maintenance of vehicles to extend the vehicle life. Furthermore, turning tools are cost-effective and have minimal maintenance requirements, making them ideal for use in small industries.

Major players are adopting product launch and acquisition as key strategies to sustain the competition and improve their product portfolios. For instance, in April 2022, Walter Doubles launched Tiger Tec Gold range for turning applications, specially designed for turning operations. Such instances are expected to boost the turning tools market growth during the forecast period.

Asia-Pacific registered the highest share of the global turning tools market share in terms of revenue in 2021, owing to increasing manufacturers of automobiles and construction machines, which is expected to boost the demand for the turning tools market. In addition, the construction and manufacturing industries in countries such as India, Indonesia, Vietnam, and Bangladesh are experiencing significant growth during the forecast period.

However, during the COVID-19 pandemic, various manufacturers in the turning tools market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the salesm od turning tools companies. In addition, lack of manpower and raw materials constricted supply of equipment for turning tools, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of turning tools companies.

Key Findings of the Study

  • The report provides an extensive analysis of the current and emerging global turning tools market trends and dynamics.
  • On the basis of type, the rough turning tools segment has dominated the turning tools market in terms of revenue in 2021, while finish turning tool is projected to grow at a significant CAGR during the forecast period.
  • By end user, the automotive segment registered the highest revenue in 2021.
  • Asia-Pacific is projected to register the highest growth rate in the coming years.
  • The key players within the global turning tools market overview are profiled in this report, and their strategies are analyzed thoroughly, which helps understand competitive outlook of the turning tools industry.
  • The turning tools market forecast analysis from 2022 to 2031 is included in the report.
  • In-depth global turning tools market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

Companies Mentioned

  • Alesa AG
  • Aloris Tool Technology Co. Inc
  • Applitec Moutier Sa
  • Beijing Worldia Diamond Tools Co.Ltd.
  • Ceratizit
  • Danobat Group
  • Dorian Tool International Incorporated.
  • Dormer Pramet
  • Hanjiang Tool Co. Ltd.
  • Ingersoll Cutting Tool Company
  • Iscar Ltd.
  • Kennametal Foundation
  • Kyocera Unimerco
  • Seco Tools
  • Shanghai Tool Works Co.Ltd
  • Walter Tools
  • Wnt Tools India Pvt Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages205
PublishedAugust 2022
Forecast Period2021 - 2031
Estimated Market Value ( USD ) in 2021 $ 5295.9 million
Forecasted Market Value ( USD ) by 2031 $ 12075.22 million
Compound Annual Growth Rate8.6%
Regions CoveredGlobal
No. of Companies Mentioned17

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About the Turning Machine Market

The Turning Machine market is a subset of the Machine Tools industry. It is composed of machines that are used to shape and cut metal and other materials. Turning machines are used to create cylindrical parts, such as shafts, spindles, and pins. They are also used to create threads, grooves, and other features on the outside of a workpiece. Turning machines are used in a variety of industries, including automotive, aerospace, and medical. Turning machines are available in a range of sizes and configurations, from small, manual machines to large, automated machines. They can be powered by electricity, hydraulics, pneumatics, or a combination of these. The machines can be equipped with a variety of cutting tools, such as drills, reamers, and taps. Some of the companies in the Turning Machine market include Mazak Corporation, DMG Mori, Okuma Corporation, Doosan Machine Tools, and Haas Automation. Show Less Read more

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