Global Cutting Tools Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global Cutting Tools market size will reach 30,650 Million USD in 2025 and is projected to reach 46,852 Million USD by 2032, with a CAGR of 6.25% (2025-2032). Notably, the China Cutting Tools market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Cutting tools are specialized tools used in various machining and metalworking processes to remove material from a workpiece, shaping it into the desired form. These tools come in a wide range of types, including drills, end mills, turning tools, milling cutters, reamers, and taps, each designed for specific cutting operations. They are typically made from high-quality materials such as high-speed steel, carbide, or ceramic, chosen for their hardness, wear resistance, and ability to withstand high temperatures generated during cutting. Cutting tools are mounted onto machine tools, such as lathes, milling machines, and drills, and interact with the workpiece to remove material through cutting, grinding, or shearing actions. The correct selection and use of cutting tools are essential for achieving precise and efficient metal removal, ensuring dimensional accuracy, surface finish, and overall productivity in manufacturing and industrial processes across various sectors, including automotive, aerospace, engineering, and metal fabrication.
The major global manufacturers of Cutting Tools include Sandvik, IMC Group, Mitsubishi, Kennametal, OSG, Sumitomo Electric, Mapal, Kyocera, Nachi-Fujikoshi, YG-1, ZCC·CT, Union Tool, Korloy, LMT, Jiangsu Tiangong Tools, Ceratizit, Shanghai Tool Works., OKE Precision Cutting Tools, Guhring, Tivoly, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Cutting Tools. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Cutting Tools market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Cutting Tools market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Cutting Tools industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Cutting Tools Include:
Sandvik
IMC Group
Mitsubishi
Kennametal
OSG
Sumitomo Electric
Mapal
Kyocera
Nachi-Fujikoshi
YG-1
ZCC·CT
Union Tool
Korloy
LMT
Jiangsu Tiangong Tools
Ceratizit
Shanghai Tool Works.
OKE Precision Cutting Tools
Guhring
Tivoly
Cutting Tools Product Segment Include:
Cemented Carbide Cutting Tools
High Speed Steel Cutting Tools
Ceramics Cutting Tools
Diamond Cutting Tools
Others
Cutting Tools Product Application Include:
Machinery
Automotive
Aerospace
Energy
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Cutting Tools Industry PESTEL Analysis
Chapter 3: Global Cutting Tools Industry Porter's Five Forces Analysis
Chapter 4: Global Cutting Tools Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Cutting Tools Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Cutting Tools Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Cutting Tools Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global Cutting Tools market size will reach 30,650 Million USD in 2025 and is projected to reach 46,852 Million USD by 2032, with a CAGR of 6.25% (2025-2032). Notably, the China Cutting Tools market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Cutting tools are specialized tools used in various machining and metalworking processes to remove material from a workpiece, shaping it into the desired form. These tools come in a wide range of types, including drills, end mills, turning tools, milling cutters, reamers, and taps, each designed for specific cutting operations. They are typically made from high-quality materials such as high-speed steel, carbide, or ceramic, chosen for their hardness, wear resistance, and ability to withstand high temperatures generated during cutting. Cutting tools are mounted onto machine tools, such as lathes, milling machines, and drills, and interact with the workpiece to remove material through cutting, grinding, or shearing actions. The correct selection and use of cutting tools are essential for achieving precise and efficient metal removal, ensuring dimensional accuracy, surface finish, and overall productivity in manufacturing and industrial processes across various sectors, including automotive, aerospace, engineering, and metal fabrication.
The major global manufacturers of Cutting Tools include Sandvik, IMC Group, Mitsubishi, Kennametal, OSG, Sumitomo Electric, Mapal, Kyocera, Nachi-Fujikoshi, YG-1, ZCC·CT, Union Tool, Korloy, LMT, Jiangsu Tiangong Tools, Ceratizit, Shanghai Tool Works., OKE Precision Cutting Tools, Guhring, Tivoly, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Cutting Tools. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Cutting Tools market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Cutting Tools market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Cutting Tools industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Cutting Tools Include:
Sandvik
IMC Group
Mitsubishi
Kennametal
OSG
Sumitomo Electric
Mapal
Kyocera
Nachi-Fujikoshi
YG-1
ZCC·CT
Union Tool
Korloy
LMT
Jiangsu Tiangong Tools
Ceratizit
Shanghai Tool Works.
OKE Precision Cutting Tools
Guhring
Tivoly
Cutting Tools Product Segment Include:
Cemented Carbide Cutting Tools
High Speed Steel Cutting Tools
Ceramics Cutting Tools
Diamond Cutting Tools
Others
Cutting Tools Product Application Include:
Machinery
Automotive
Aerospace
Energy
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Cutting Tools Industry PESTEL Analysis
Chapter 3: Global Cutting Tools Industry Porter's Five Forces Analysis
Chapter 4: Global Cutting Tools Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Cutting Tools Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Cutting Tools Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Cutting Tools Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Table of Contents
165 Pages
- 1 Cutting Tools Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Cutting Tools Product by Type
- 1.2.1 Cemented Carbide Cutting Tools
- 1.2.2 High Speed Steel Cutting Tools
- 1.2.3 Ceramics Cutting Tools
- 1.2.4 Diamond Cutting Tools
- 1.2.5 Others
- 1.3 Cutting Tools Product by Application
- 1.3.1 Machinery
- 1.3.2 Automotive
- 1.3.3 Aerospace
- 1.3.4 Energy
- 1.3.5 Others
- 1.4 Global Cutting Tools Market Revenue and Sales Analysis
- 1.4.1 Global Cutting Tools Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Cutting Tools Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Cutting Tools Market Sales Price Trend Analysis (2020-2032)
- 1.5 Cutting Tools Market Development Status and Trends
- 1.5.1 Cutting Tools Industry Development Status Analysis
- 1.5.2 Cutting Tools Industry Development Trends Analysis
- 2 Cutting Tools Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Cutting Tools Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Cutting Tools Market Analysis by Country
- 4.1 Global Cutting Tools Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Cutting Tools Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global Cutting Tools Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global Cutting Tools Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global Cutting Tools Sales and Market Share by Country (2020-2025)
- 4.2.2 Global Cutting Tools Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global Cutting Tools Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global Cutting Tools Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global Cutting Tools Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global Cutting Tools Average Sales Price by Manufacturers (2021-2025)
- 5.2 Cutting Tools Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Cutting Tools Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Cutting Tools Market Analysis by Type
- 6.1 Global Cutting Tools Market Revenue Analysis by Type
- 6.1.1 Global Cutting Tools Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global Cutting Tools Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global Cutting Tools Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global Cutting Tools Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Sandvik
- 7.1.1 Sandvik Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Sandvik Cutting Tools Product Portfolio
- 7.1.3 Sandvik Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 IMC Group
- 7.2.1 IMC Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 IMC Group Cutting Tools Product Portfolio
- 7.2.3 IMC Group Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 Mitsubishi
- 7.3.1 Mitsubishi Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 Mitsubishi Cutting Tools Product Portfolio
- 7.3.3 Mitsubishi Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Kennametal
- 7.4.1 Kennametal Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Kennametal Cutting Tools Product Portfolio
- 7.4.3 Kennametal Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 OSG
- 7.5.1 OSG Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 OSG Cutting Tools Product Portfolio
- 7.5.3 OSG Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Sumitomo Electric
- 7.6.1 Sumitomo Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Sumitomo Electric Cutting Tools Product Portfolio
- 7.6.3 Sumitomo Electric Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 Mapal
- 7.7.1 Mapal Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Mapal Cutting Tools Product Portfolio
- 7.7.3 Mapal Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 Kyocera
- 7.8.1 Kyocera Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 Kyocera Cutting Tools Product Portfolio
- 7.8.3 Kyocera Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 Nachi-Fujikoshi
- 7.9.1 Nachi-Fujikoshi Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Nachi-Fujikoshi Cutting Tools Product Portfolio
- 7.9.3 Nachi-Fujikoshi Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 YG-1
- 7.10.1 YG-1 Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 YG-1 Cutting Tools Product Portfolio
- 7.10.3 YG-1 Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.11 ZCC·CT
- 7.11.1 ZCC·CT Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 ZCC·CT Cutting Tools Product Portfolio
- 7.11.3 ZCC·CT Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.12 Union Tool
- 7.12.1 Union Tool Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.12.2 Union Tool Cutting Tools Produ
Pricing
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