Global Twist Drill Supply, Demand and Key Producers, 2026-2032
Description
The global Twist Drill market size is expected to reach $ 6471 million by 2032, rising at a market growth of 3.3% CAGR during the forecast period (2026-2032).
Twist Drill (also commonly referred to as twist bit) is a rotating cutting tool, used for cutting holes in rigid materials, that consists of an essentially conical point, relieved and fluted to form cutting lips, and spiral flutes which direct the chips away from the lips and toward ejection from the hole. Twist drills are the most common and easiest way to put a hole in steel, wood or other non-ferrous materials.
Global Twist Drill key players include Sandvik Coromant, OSG, Kennametal, SECO, Stanley Black & Decker, Mitsubishi, etc. Global top five manufacturers hold a share over 21%.
The main consumption regions are North America, Europe, China, Japan, Southeast Asia, India, and other countries and regions with industrial development systems. These regions account for the majority of the global market. In terms of sales, China is currently the largest market for twist drills, holding over 48% of the global market share, followed by the United States and Europe. At the same time, with the development of technology, customers have raised more quality requirements and higher technical standards for twist drills. Specifications and functions are becoming increasingly diversified. Twist drill manufacturers should actively improve product quality to make their products more attractive in the market.
Market Drivers
Growing Industrialization: The industrialization in emerging markets, particularly in Asia and Africa, has been a significant driver for the growth of the twist drill market. As these regions continue to industrialize, the demand for drilling tools, including twist drills, has been on the rise, especially in sectors like construction, automotive, and manufacturing.
Increase in Construction and Infrastructure Projects: The construction sector is one of the key consumers of twist drills, especially in concrete drilling applications. With the global rise in infrastructure development, urbanization, and construction activities, the demand for drilling tools has increased. Twist drills are essential in tasks such as creating holes for anchors, bolts, and other fasteners in concrete and other construction materials.
Automotive and Aerospace Sectors: Both the automotive and aerospace industries require high-precision drilling tools for manufacturing components. The demand for twist drills in these sectors has been growing due to the increasing need for precise hole-making in materials such as high-strength metals, alloys, and composites.
Demand for Metalworking: As mentioned, the metalworking industry holds a dominant position in the twist drill market, accounting for over 64% of the global market share. Metalworking processes such as drilling, milling, and turning require high-performance twist drills that can handle tough materials, including steel, aluminum, and other metals. The growth of manufacturing and metal processing industries worldwide continues to drive demand for these tools.
Market Barriers
Price Sensitivity: The price sensitivity of customers is one of the significant barriers to the growth of the twist drill market. While customers seek high-quality and advanced drilling tools, they are also highly cost-conscious, especially in developing regions. The high cost of advanced twist drills with specialized coatings and materials can limit their adoption in cost-sensitive markets.
Competition from Alternative Drilling Technologies: While twist drills remain one of the most popular drilling tools, there are alternative technologies, such as laser cutting, water jet cutting, and EDM (Electrical Discharge Machining), that can be used in some applications. The growth of these alternative methods, especially for precision drilling, could pose a threat to the twist drill market.
Conclusion
The twist drill market is poised for continued growth due to rising industrial demand across multiple sectors, including metalworking, construction, automotive, and aerospace. Technological advancements, a focus on high-quality products, and diversification of applications are major factors driving this growth. However, challenges such as price sensitivity, competition from alternative drilling methods, and environmental concerns must be addressed for manufacturers to remain competitive. Companies that invest in innovation, quality improvement, and sustainability will be better positioned to meet the evolving needs of the market.
This report studies the global Twist Drill production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Twist Drill and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Twist Drill that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Twist Drill total production and demand, 2021-2032, (M Units)
Global Twist Drill total production value, 2021-2032, (USD Million)
Global Twist Drill production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (M Units), (based on production site)
Global Twist Drill consumption by region & country, CAGR, 2021-2032 & (M Units)
U.S. VS China: Twist Drill domestic production, consumption, key domestic manufacturers and share
Global Twist Drill production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (M Units)
Global Twist Drill production by Type, production, value, CAGR, 2021-2032, (USD Million) & (M Units)
Global Twist Drill production by Application, production, value, CAGR, 2021-2032, (USD Million) & (M Units)
This report profiles key players in the global Twist Drill market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sandvik Coromant, OSG, Kennametal, SECO, Stanley Black & Decker, Mitsubishi, Guhring Group, Nachi, ISCAR, Sumitomo, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Twist Drill market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (M Units) and average price (USD/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Twist Drill Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Twist Drill Market, Segmentation by Type:
Straight Shank Twist Drill
Taper Shank Twist Drill
Double-End Twist Drill
Others
Global Twist Drill Market, Segmentation by Application:
Metal
Wood
Concrete
Plastic
Others
Companies Profiled:
Sandvik Coromant
OSG
Kennametal
SECO
Stanley Black & Decker
Mitsubishi
Guhring Group
Nachi
ISCAR
Sumitomo
Walter AG
Bosch
Mapal
Korloy
Triumph
Tiangong International
Kyocera
TDC Cutting Tool
Shanggong
Feida
Chengdu Chenliang
Harbin Measuring & Cutting Tool
Key Questions Answered:
1. How big is the global Twist Drill market?
2. What is the demand of the global Twist Drill market?
3. What is the year over year growth of the global Twist Drill market?
4. What is the production and production value of the global Twist Drill market?
5. Who are the key producers in the global Twist Drill market?
6. What are the growth factors driving the market demand?
Twist Drill (also commonly referred to as twist bit) is a rotating cutting tool, used for cutting holes in rigid materials, that consists of an essentially conical point, relieved and fluted to form cutting lips, and spiral flutes which direct the chips away from the lips and toward ejection from the hole. Twist drills are the most common and easiest way to put a hole in steel, wood or other non-ferrous materials.
Global Twist Drill key players include Sandvik Coromant, OSG, Kennametal, SECO, Stanley Black & Decker, Mitsubishi, etc. Global top five manufacturers hold a share over 21%.
The main consumption regions are North America, Europe, China, Japan, Southeast Asia, India, and other countries and regions with industrial development systems. These regions account for the majority of the global market. In terms of sales, China is currently the largest market for twist drills, holding over 48% of the global market share, followed by the United States and Europe. At the same time, with the development of technology, customers have raised more quality requirements and higher technical standards for twist drills. Specifications and functions are becoming increasingly diversified. Twist drill manufacturers should actively improve product quality to make their products more attractive in the market.
Market Drivers
Growing Industrialization: The industrialization in emerging markets, particularly in Asia and Africa, has been a significant driver for the growth of the twist drill market. As these regions continue to industrialize, the demand for drilling tools, including twist drills, has been on the rise, especially in sectors like construction, automotive, and manufacturing.
Increase in Construction and Infrastructure Projects: The construction sector is one of the key consumers of twist drills, especially in concrete drilling applications. With the global rise in infrastructure development, urbanization, and construction activities, the demand for drilling tools has increased. Twist drills are essential in tasks such as creating holes for anchors, bolts, and other fasteners in concrete and other construction materials.
Automotive and Aerospace Sectors: Both the automotive and aerospace industries require high-precision drilling tools for manufacturing components. The demand for twist drills in these sectors has been growing due to the increasing need for precise hole-making in materials such as high-strength metals, alloys, and composites.
Demand for Metalworking: As mentioned, the metalworking industry holds a dominant position in the twist drill market, accounting for over 64% of the global market share. Metalworking processes such as drilling, milling, and turning require high-performance twist drills that can handle tough materials, including steel, aluminum, and other metals. The growth of manufacturing and metal processing industries worldwide continues to drive demand for these tools.
Market Barriers
Price Sensitivity: The price sensitivity of customers is one of the significant barriers to the growth of the twist drill market. While customers seek high-quality and advanced drilling tools, they are also highly cost-conscious, especially in developing regions. The high cost of advanced twist drills with specialized coatings and materials can limit their adoption in cost-sensitive markets.
Competition from Alternative Drilling Technologies: While twist drills remain one of the most popular drilling tools, there are alternative technologies, such as laser cutting, water jet cutting, and EDM (Electrical Discharge Machining), that can be used in some applications. The growth of these alternative methods, especially for precision drilling, could pose a threat to the twist drill market.
Conclusion
The twist drill market is poised for continued growth due to rising industrial demand across multiple sectors, including metalworking, construction, automotive, and aerospace. Technological advancements, a focus on high-quality products, and diversification of applications are major factors driving this growth. However, challenges such as price sensitivity, competition from alternative drilling methods, and environmental concerns must be addressed for manufacturers to remain competitive. Companies that invest in innovation, quality improvement, and sustainability will be better positioned to meet the evolving needs of the market.
This report studies the global Twist Drill production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Twist Drill and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Twist Drill that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Twist Drill total production and demand, 2021-2032, (M Units)
Global Twist Drill total production value, 2021-2032, (USD Million)
Global Twist Drill production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (M Units), (based on production site)
Global Twist Drill consumption by region & country, CAGR, 2021-2032 & (M Units)
U.S. VS China: Twist Drill domestic production, consumption, key domestic manufacturers and share
Global Twist Drill production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (M Units)
Global Twist Drill production by Type, production, value, CAGR, 2021-2032, (USD Million) & (M Units)
Global Twist Drill production by Application, production, value, CAGR, 2021-2032, (USD Million) & (M Units)
This report profiles key players in the global Twist Drill market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sandvik Coromant, OSG, Kennametal, SECO, Stanley Black & Decker, Mitsubishi, Guhring Group, Nachi, ISCAR, Sumitomo, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Twist Drill market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (M Units) and average price (USD/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Twist Drill Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Twist Drill Market, Segmentation by Type:
Straight Shank Twist Drill
Taper Shank Twist Drill
Double-End Twist Drill
Others
Global Twist Drill Market, Segmentation by Application:
Metal
Wood
Concrete
Plastic
Others
Companies Profiled:
Sandvik Coromant
OSG
Kennametal
SECO
Stanley Black & Decker
Mitsubishi
Guhring Group
Nachi
ISCAR
Sumitomo
Walter AG
Bosch
Mapal
Korloy
Triumph
Tiangong International
Kyocera
TDC Cutting Tool
Shanggong
Feida
Chengdu Chenliang
Harbin Measuring & Cutting Tool
Key Questions Answered:
1. How big is the global Twist Drill market?
2. What is the demand of the global Twist Drill market?
3. What is the year over year growth of the global Twist Drill market?
4. What is the production and production value of the global Twist Drill market?
5. Who are the key producers in the global Twist Drill market?
6. What are the growth factors driving the market demand?
Table of Contents
173 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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