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Global Metal Cutting Tools Market 2017-2021

Global Metal Cutting Tools Market 2017-2021

About metal cutting tools

These tools ensure the effective manufacturing of critical and intricate components with ease and utmost precision. These cutting tools form an indispensable part of machine tools that are either numerically or conventionally controlled. Turning, milling, and grinding tools form essential components of bigger and complex machines such as machining centers, turning machines, and grinding machines. These are very important for the entire manufacturing industry.

Technavio’s analysts forecast the global metal cutting tools market to grow at a CAGR of 8.65% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global metal cutting tools market for 2017-2021. To calculate the market size, the report analyze business dimensions with an eye on individual growth trends and contribution of the upcoming market segments.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Metal Cutting Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BIG KAISER
  • Kennametal Foundation
  • NACHI-FUJIKOSHI
  • OSG
  • Sandvik
Other prominent vendors
  • CERATIZIT
  • DEWALT
  • FRAISA
  • Guhring
  • Hanjiang Tool
  • LMT Onsrud
  • Jiangsu Feida Drills
  • ISCAR
  • KYOCERA UNIMERCO
  • Ingersoll Cutting Tools
  • Mitsubishi Materials
  • MAPAL
  • MMC Hitachi Tool Engineering
  • Shanghai Tool Works
  • SECO
  • SUMITOMO ELECTRIC Hartmetall
  • Raymond
  • Travers Tool
  • Tiangong International
  • vhf
  • UNION TOOL
  • WNT
  • ZCC Cutting Tools
Market driver
  • Rise in construction activities in emerging nations of APAC
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating raw material prices
  • For a full, detailed list, view our report
Market trend
  • Additive manufacturing
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Metal Cutting Tools Market 2017-2021

Technavio recognizes the following companies as the key players in the global metal cutting tools market: BIG KAISER, Kennametal Foundation, NACHI-FUJIKOSHI, OSG, and Sandvik.

Other Prominent Vendors in the market are: CERATIZIT, DEWALT, FRAISA, Guhring, Hanjiang Tool, LMT Onsrud, Jiangsu Feida Drills, ISCAR, KYOCERA UNIMERCO, Ingersoll Cutting Tools, Mitsubishi Materials, MAPAL, Shanghai Tool Works, SECO, SUMITOMO ELECTRIC Hartmetall, Raymond, Travers Tool, Tiangong International, vhf, UNION TOOL, WNT, and ZCC Cutting Tools.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is additive manufacturing. The manufacturing industry has witnessed the advent of a revolutionary technology known as 3D printing. 3D printing also known as additive manufacturing is the process of creating three-dimensional objects using a digital file. The process usually involves building the product in thin layers one by one. 3D printing enables the production of complex geometries that are either arduous or impossible with traditional manufacturing techniques.”

According to the report, one of the major drivers for this market is rise in construction activities in emerging nations of APAC. The global construction market is witnessing a mixed trend across various regions. Although the slowdown in the Chinese economy has impacted the global construction market, infrastructure planning in developing economies such as India and Indonesia will boost the growth of the global power tools market. As a result, this will propel the demand for the power tool accessories market.

Further, the report states that one of the major factors hindering the growth of this market is fluctuating raw material prices. The capital requirement of the cutting tool manufacturers is required to provide advanced and innovative tools in the market, which have grown considerably. Inputs such as iron and steel, aluminum, stainless steel, titanium, brass, copper, and other alloys are necessary to manufacture machine tools for drilling, boring, lathes, gear cutting, grinding, and polishing machines. These raw materials account for about 48% of the overall manufacturing cost of machine tools while labor costs account for about 27%.

Companies Mentioned

BIG KAISER, Kennametal Foundation, NACHI-FUJIKOSHI, OSG, Sandvik, CERATIZIT, DEWALT, FRAISA, Guhring, Hanjiang Tool, LMT Onsrud, Jiangsu Feida Drills, ISCAR, KYOCERA UNIMERCO, Ingersoll Cutting Tools, Mitsubishi Materials, MAPAL, Shanghai Tool Works, SECO, SUMITOMO ELECTRIC Hartmetall, Raymond, Travers Tool, Tiangong International, vhf, UNION TOOL, WNT, ZCC Cutting Tools.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Current market scenario and prospects 2016-2021 ($ billions)
      • Table Current market scenario and future prospects 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Market segmentation
    • Market size and forecast
      • Table Global metal cutting tools market 2016-2021 ($ billions)
      • Table Vehicle sales in H1 2012 and H1 2016 (millions of units)
      • Table Expected growth factors for new shipbuilding orders
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Market share of types of cutting tools 2016-2021
    • Milling tools
      • Table Global milling tools market 2016-2021 ($ billions)
      • Table Types of milling cutters and their use
    • Drilling tools
      • Table Global drilling tools market 2016-2021 ($ billions)
      • Table Drill types
    • Turning tools
      • Table Turning tools market 2016-2021 ($ billions)
    • Rotary tools
      • Table Global rotary tools market 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Market share of key regions in global metal cutting tools market 2016-2020
    • APAC
      • Table APAC metal cutting tools market 2016-2021 ($ billions)
      • Table Total car sales in India August 2014 to August 2015
    • Americas
      • Table Americas metal cutting tools market 2016-2021 ($ billions)
    • EMEA
      • Table EMEA metal cutting tools market 2016-2021 ($ billions)
      • Table Aerospace and defense spending in Europe 2013 (%)
  • Market drivers
    • Growth in automotive industry
      • Table Global vehicle sales by vehicle types 2015
      • Table Region-wise performance outlook for automotive industry 2015-2021
    • Rise in construction activities in emerging nations of APAC
      • Table Major investment by governments in emerging nations in APAC during forecast period
    • Increasing need to develop superior-quality products
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Increased competition from substitute products
    • Fluctuating raw material prices
      • Table Global price trend of stainless steel June 2014-May 2015 ($/ton)
    • Slowdown in Chinese economy
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Additive manufacturing
      • Table Global 3D printing market 2016-2021 ($ billions)
    • Growing market for high-speed steel cutting tools
    • Enhanced growth of fabricated metal products
      • Table Global fabricated metal products market 2015-2020 ($ trillions)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • BIG KAISER
    • Kennametal Foundation
    • NACHI-FUJIKOSHI
    • OSG
    • Sandvik
  • Appendix
    • List of abbreviations
  • Explore Technavio

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