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Global Cutting Tools Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 02, 2025
Length 164 Pages
SKU # BOSS20298601

Description

Report Overview

The global cutting tools market encompasses a wide range of tools used for machining operations, including turning, milling, drilling, and grinding applications across industries such as automotive, aerospace, construction, and general manufacturing. These tools, typically made from high-speed steel (HSS), carbide, ceramics, or diamond, are essential for shaping, cutting, and finishing raw materials like metals, composites, and plastics. The market is driven by increasing industrialization, demand for precision engineering, and advancements in CNC machinery, with carbide-based tools dominating due to their durability and efficiency. Emerging trends include the adoption of coated cutting tools for enhanced performance and sustainability-focused innovations to reduce waste. Regional growth is strongest in Asia-Pacific, fueled by manufacturing expansion in China and India, while North America and Europe maintain steady demand due to high-value aerospace and automotive sectors. Challenges include fluctuating raw material costs and competition from low-cost manufacturers, but opportunities lie in smart manufacturing integration and customized tooling solutions.

The global Cutting Tools market size was estimated at USD 27398.54 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.90% during the forecast period.

This report provides a deep insight into the global Cutting Tools market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Cutting Tools Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Cutting Tools market in any manner.

Global Cutting Tools Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Sandvik

IMC Group

Mitsubishi

Kennametal

OSG

Sumitomo Electric

Mapal

Kyocera

Nachi-Fujikoshi

YG-1

Shanghai Tool

ZCCCT

Union Tool

Korloy

LMT

Ceratizit

Guhring

Tivoly

Tiangong

Harbin No.1 Tool

Market Segmentation (by Type)

Cemented Carbide

High Speed Steel

Ceramics

Diamond

Others

Market Segmentation (by Application)

Machinery Industry

Automotive Industry

Aerospace Industry

Energy Industry

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Cutting Tools Market

Overview of the regional outlook of the Cutting Tools Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Cutting Tools Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Cutting Tools, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

164 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Cutting Tools
1.2 Key Market Segments
1.2.1 Cutting Tools Segment By Type
1.2.2 Cutting Tools Segment By Application
1.3 Methodology & Sources Of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown And Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Cutting Tools Market Overview
2.1 Global Market Overview
2.1.1 Global Cutting Tools Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Cutting Tools Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Cutting Tools Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Cutting Tools Product Life Cycle
3.3 Global Cutting Tools Sales By Manufacturers (2020-2025)
3.4 Global Cutting Tools Revenue Market Share By Manufacturers (2020-2025)
3.5 Cutting Tools Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Cutting Tools Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Cutting Tools Market Competitive Situation And Trends
3.8.1 Cutting Tools Market Concentration Rate
3.8.2 Global 5 And 10 Largest Cutting Tools Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Cutting Tools Industry Chain Analysis
4.1 Cutting Tools Industry Chain Analysis
4.2 Market Overview Of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Cutting Tools Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 Pest Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Cutting Tools Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions And Their Impacts To Cutting Tools Market
5.7 Esg Ratings Of Leading Companies
6 Cutting Tools Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Cutting Tools Sales Market Share By Type (2020-2025)
6.3 Global Cutting Tools Market Size Market Share By Type (2020-2025)
6.4 Global Cutting Tools Price By Type (2020-2025)
7 Cutting Tools Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Cutting Tools Market Sales By Application (2020-2025)
7.3 Global Cutting Tools Market Size (M Usd) By Application (2020-2025)
7.4 Global Cutting Tools Sales Growth Rate By Application (2020-2025)
8 Cutting Tools Market Sales By Region
8.1 Global Cutting Tools Sales By Region
8.1.1 Global Cutting Tools Sales By Region
8.1.2 Global Cutting Tools Sales Market Share By Region
8.2 Global Cutting Tools Market Size By Region
8.2.1 Global Cutting Tools Market Size By Region
8.2.2 Global Cutting Tools Market Size Market Share By Region
8.3 North America
8.3.1 North America Cutting Tools Sales By Country
8.3.2 North America Cutting Tools Market Size By Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Cutting Tools Sales By Country
8.4.2 Europe Cutting Tools Market Size By Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Cutting Tools Sales By Region
8.5.2 Asia Pacific Cutting Tools Market Size By Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Cutting Tools Sales By Country
8.6.2 South America Cutting Tools Market Size By Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East And Africa
8.7.1 Middle East And Africa Cutting Tools Sales By Region
8.7.2 Middle East And Africa Cutting Tools Market Size By Region
8.7.3 Saudi Arabia Market Overview
8.7.4 Uae Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Cutting Tools Market Production By Region
9.1 Global Production Of Cutting Tools By Region(2020-2025)
9.2 Global Cutting Tools Revenue Market Share By Region (2020-2025)
9.3 Global Cutting Tools Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Cutting Tools Production
9.4.1 North America Cutting Tools Production Growth Rate (2020-2025)
9.4.2 North America Cutting Tools Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Cutting Tools Production
9.5.1 Europe Cutting Tools Production Growth Rate (2020-2025)
9.5.2 Europe Cutting Tools Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Cutting Tools Production (2020-2025)
9.6.1 Japan Cutting Tools Production Growth Rate (2020-2025)
9.6.2 Japan Cutting Tools Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Cutting Tools Production (2020-2025)
9.7.1 China Cutting Tools Production Growth Rate (2020-2025)
9.7.2 China Cutting Tools Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Sandvik
10.1.1 Sandvik Basic Information
10.1.2 Sandvik Cutting Tools Product Overview
10.1.3 Sandvik Cutting Tools Product Market Performance
10.1.4 Sandvik Business Overview
10.1.5 Sandvik Swot Analysis
10.1.6 Sandvik Recent Developments
10.2 Imc Group
10.2.1 Imc Group Basic Information
10.2.2 Imc Group Cutting Tools Product Overview
10.2.3 Imc Group Cutting Tools Product Market Performance
10.2.4 Imc Group Business Overview
10.2.5 Imc Group Swot Analysis
10.2.6 Imc Group Recent Developments
10.3 Mitsubishi
10.3.1 Mitsubishi Basic Information
10.3.2 Mitsubishi Cutting Tools Product Overview
10.3.3 Mitsubishi Cutting Tools Product Market Performance
10.3.4 Mitsubishi Business Overview
10.3.5 Mitsubishi Swot Analysis
10.3.6 Mitsubishi Recent Developments
10.4 Kennametal
10.4.1 Kennametal Basic Information
10.4.2 Kennametal Cutting Tools Product Overview
10.4.3 Kennametal Cutting Tools Product Market Performance
10.4.4 Kennametal Business Overview
10.4.5 Kennametal Recent Developments
10.5 Osg
10.5.1 Osg Basic Information
10.5.2 Osg Cutting Tools Product Overview
10.5.3 Osg Cutting Tools Product Market Performance
10.5.4 Osg Business Overview
10.5.5 Osg Recent Developments
10.6 Sumitomo Electric
10.6.1 Sumitomo Electric Basic Information
10.6.2 Sumitomo Electric Cutting Tools Product Overview
10.6.3 Sumitomo Electric Cutting Tools Product Market Performance
10.6.4 Sumitomo Electric Business Overview
10.6.5 Sumitomo Electric Recent Developments
10.7 Mapal
10.7.1 Mapal Basic Information
10.7.2 Mapal Cutting Tools Product Overview
10.7.3 Mapal Cutting Tools Product Market Performance
10.7.4 Mapal Business Overview
10.7.5 Mapal Recent Developments
10.8 Kyocera
10.8.1 Kyocera Basic Information
10.8.2 Kyocera Cutting Tools Product Overview
10.8.3 Kyocera Cutting Tools Product Market Performance
10.8.4 Kyocera Business Overview
10.8.5 Kyocera Recent Developments
10.9 Nachi-fujikoshi
10.9.1 Nachi-fujikoshi Basic Information
10.9.2 Nachi-fujikoshi Cutting Tools Product Overview
10.9.3 Nachi-fujikoshi Cutting Tools Product Market Performance
10.9.4 Nachi-fujikoshi Business Overview
10.9.5 Nachi-fujikoshi Recent Developments
10.10 Yg-1
10.10.1 Yg-1 Basic Information
10.10.2 Yg-1 Cutting Tools Product Overview
10.10.3 Yg-1 Cutting Tools Product Market Performance
10.10.4 Yg-1 Business Overview
10.10.5 Yg-1 Recent Developments
10.11 Shanghai Tool
10.11.1 Shanghai Tool Basic Information
10.11.2 Shanghai Tool Cutting Tools Product Overview
10.11.3 Shanghai Tool Cutting Tools Product Market Performance
10.11.4 Shanghai Tool Business Overview
10.11.5 Shanghai Tool Recent Developments
10.12 Zccct
10.12.1 Zccct Basic Information
10.12.2 Zccct Cutting Tools Product Overview
10.12.3 Zccct Cutting Tools Product Market Performance
10.12.4 Zccct Business Overview
10.12.5 Zccct Recent Developments
10.13 Union Tool
10.13.1 Union Tool Basic Information
10.13.2 Union Tool Cutting Tools Product Overview
10.13.3 Union Tool Cutting Tools Product Market Performance
10.13.4 Union Tool Business Overview
10.13.5 Union Tool Recent Developments
10.14 Korloy
10.14.1 Korloy Basic Information
10.14.2 Korloy Cutting Tools Product Overview
10.14.3 Korloy Cutting Tools Product Market Performance
10.14.4 Korloy Business Overview
10.14.5 Korloy Recent Developments
10.15 Lmt
10.15.1 Lmt Basic Information
10.15.2 Lmt Cutting Tools Product Overview
10.15.3 Lmt Cutting Tools Product Market Performance
10.15.4 Lmt Business Overview
10.15.5 Lmt Recent Developments
10.16 Ceratizit
10.16.1 Ceratizit Basic Information
10.16.2 Ceratizit Cutting Tools Product Overview
10.16.3 Ceratizit Cutting Tools Product Market Performance
10.16.4 Ceratizit Business Overview
10.16.5 Ceratizit Recent Developments
10.17 Guhring
10.17.1 Guhring Basic Information
10.17.2 Guhring Cutting Tools Product Overview
10.17.3 Guhring Cutting Tools Product Market Performance
10.17.4 Guhring Business Overview
10.17.5 Guhring Recent Developments
10.18 Tivoly
10.18.1 Tivoly Basic Information
10.18.2 Tivoly Cutting Tools Product Overview
10.18.3 Tivoly Cutting Tools Product Market Performance
10.18.4 Tivoly Business Overview
10.18.5 Tivoly Recent Developments
10.19 Tiangong
10.19.1 Tiangong Basic Information
10.19.2 Tiangong Cutting Tools Product Overview
10.19.3 Tiangong Cutting Tools Product Market Performance
10.19.4 Tiangong Business Overview
10.19.5 Tiangong Recent Developments
10.20 Harbin No.1 Tool
10.20.1 Harbin No.1 Tool Basic Information
10.20.2 Harbin No.1 Tool Cutting Tools Product Overview
10.20.3 Harbin No.1 Tool Cutting Tools Product Market Performance
10.20.4 Harbin No.1 Tool Business Overview
10.20.5 Harbin No.1 Tool Recent Developments
11 Cutting Tools Market Forecast By Region
11.1 Global Cutting Tools Market Size Forecast
11.2 Global Cutting Tools Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Cutting Tools Market Size Forecast By Country
11.2.3 Asia Pacific Cutting Tools Market Size Forecast By Region
11.2.4 South America Cutting Tools Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Cutting Tools By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Cutting Tools Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Cutting Tools By Type (2026-2033)
12.1.2 Global Cutting Tools Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Cutting Tools By Type (2026-2033)
12.2 Global Cutting Tools Market Forecast By Application (2026-2033)
12.2.1 Global Cutting Tools Sales (K Units) Forecast By Application
12.2.2 Global Cutting Tools Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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