Global Metal Cutting Tools Market 2020-2024

Global Metal Cutting Tools Market 2020-2024

Technavio has been monitoring the metal cutting tools market, and it is poised to grow by USD 10.24 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period. Our reports on metal cutting tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in construction activities in emerging nations of APAC and an increasing need to develop superior-quality products. Also, growth in automotive industry is anticipated to boost the growth of the market as well.

The metal cutting tools market analysis include product segments and geographic landscape.

Technavio's metal cutting tools market is segmented as below:

By Product

  • Milling tools
  • Drilling tools
  • Other tools
By Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America
This study identifies growth in demand for additive manufacturing as one of the prime reasons driving the metal cutting tools market growth during the next few years.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our metal cutting tools market covers the following areas:
  • Metal cutting tools market sizing
  • Metal cutting tools market forecast
  • Metal cutting tools market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading metal cutting tools market vendors that include AMADA HOLDINGS Co. Ltd., Berkenhoff GmbH, Colfax Corp., DMG MORI Global Marketing GmbH, FANUC Corp., Gedik Welding, Illinois Tool Works Inc., Mitsubishi Electric Corp., Sandvik AB, and TRUMPF GmbH + Co. KG. Also, the metal cutting tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of critical parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ billion)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • Milling tools - Market size and forecast 2019-2024
      • Table Milling tools - Market size and forecast 2019-2024 ($ billion)
      • Table Types of milling cutters and their use
      • Table Milling tools - Year-over-year growth 2019-2024 (%)
    • Drilling tools - Market size and forecast 2019- 2024
      • Table Drilling tools - Market size and forecast 2019-2024 ($ billion)
      • Table Drill types
      • Table Drilling tools - Year-over-year growth 2019-2024 (%)
    • Other tools - Market size and forecast 2019-2024
      • Table Other tools - Market size and forecast 2019-2024 ($ billion)
      • Table Other tools - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • Growth in automotive industry
      • Rise in construction activities in emerging nations of APAC
      • Increasing need to develop superior-quality products
    • Market challenges
      • Increased competition from substitute products
      • Fluctuating raw material prices
      • Slowdown in Chinese economy
        • Table Impact of drivers and challenges
    • Market trends
      • Additive manufacturing
      • Growing market for high-speed steel cutting tools
      • Enhanced growth of fabricated metal products
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AMADA HOLDINGS Co. Ltd.
      • Table AMADA HOLDINGS Co. Ltd. - Overview
      • Table AMADA HOLDINGS Co. Ltd. - Business segments
      • Table AMADA HOLDINGS Co. Ltd. –Key news
      • Table AMADA HOLDINGS Co. Ltd. - Key offerings
      • Table AMADA HOLDINGS Co. Ltd. - Segment focus
    • Berkenhoff GmbH
      • Table Berkenhoff GmbH - Overview
      • Table Berkenhoff GmbH - Product and service
      • Table Berkenhoff GmbH – Key news
      • Table Berkenhoff GmbH - Key offerings
    • Colfax Corp.
      • Table Colfax Corp. - Overview
      • Table Colfax Corp. - Business segments
      • Table Colfax Corp. –Key news
      • Table Colfax Corp. - Key offerings
      • Table Colfax Corp. - Segment focus
    • DMG MORI Global Marketing GmbH
      • Table DMG MORI Global Marketing GmbH - Overview
      • Table DMG MORI Global Marketing GmbH - Product and service
      • Table DMG MORI Global Marketing GmbH – Key news
      • Table DMG MORI Global Marketing GmbH - Key offerings
    • FANUC Corp.
      • Table FANUC Corp. - Overview
      • Table FANUC Corp. - Business segments
      • Table FANUC Corp. –Key news
      • Table FANUC Corp. - Key offerings
      • Table FANUC Corp. - Segment focus
    • Gedik Welding
      • Table Gedik Welding - Overview
      • Table Gedik Welding - Product and service
      • Table Gedik Welding - Key offerings
    • Illinois Tool Works Inc.
      • Table Illinois Tool Works Inc. - Overview
      • Table Illinois Tool Works Inc. - Business segments
      • Table Illinois Tool Works Inc. –Key news
      • Table Illinois Tool Works Inc. - Key offerings
      • Table Illinois Tool Works Inc. - Segment focus
    • Mitsubishi Electric Corp.
      • Table Mitsubishi Electric Corp. - Overview
      • Table Mitsubishi Electric Corp. - Business segments
      • Table Mitsubishi Electric Corp. –Key news
      • Table Mitsubishi Electric Corp. - Key offerings
      • Table Mitsubishi Electric Corp. - Segment focus
    • Sandvik AB
      • Table Sandvik AB - Overview
      • Table Sandvik AB - Business segments
      • Table Sandvik AB – Key news
      • Table Sandvik AB - Key offerings
      • Table Sandvik AB - Segment focus
    • TRUMPF GmbH + Co. KG
      • Table TRUMPF GmbH + Co. KG - Overview
      • Table TRUMPF GmbH + Co. KG - Business segments
      • Table TRUMPF GmbH + Co. KG - Key offerings
      • Table TRUMPF GmbH + Co. KG – Key news
      • Table TRUMPF GmbH + Co. KG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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