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Global Tooling Market 2017-2021

Global Tooling Market 2017-2021

About Tooling

Metal cutting machine tools will remain the dominant segment, followed by machine tools accessories and metal forming tools, respectively. The global tooling market is dependent on the market dynamics of the global machine tools market. Industrial outputs that had taken a hit in many countries following the global economic recession of 2008 are at a stage of recovery. With the advent of industrial automation, key manufacturing industries, such as industrial machinery, aerospace, and automotive, are witnessing upward growth trajectories, which is evident in the stabilized global manufacturing Purchasing Managers' Index (PMI). The global tooling market focusses on the different types of tooling used for the machining of metal and other materials and the key end-user industries. The tools considered in the report are the most widely used and vital to the machining sector.

Technavio’s analysts forecast the global tooling market to grow at a CAGR of 5.90% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global tooling market for 2017-2021. To calculate the market size, the report considers the tooling used in machine tools only. It includes tool bits used in the machine tool industry.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Tooling 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 Precision tooling
  • FRAISA
  • Guhring
  • Kennametal
  • Sandvik
Other prominent vendors
  • CERATIZIT
  • Hanjiang Tool
  • Ingersoll Cutting Tools/ ISCAR (IMC Group)
  • Jiangsu Feida Tools
  • KYOCERA Precision Tools
  • LMT Onsrud
  • MIKRON
  • Mitsubishi Materials
  • NACHI-FUJIKOSHI
  • NTK Cutting Tools
  • OSG
  • Seco
  • Shanghai Tool Works
  • Sumitomo Electric Carbide
  • UNION TOOL
  • vhf camfacture
Market driver
  • Increased adoption of HSS tools
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating raw material prices
  • For a full, detailed list, view our report
Market trend
  • Use of rotary turning in high-temperature alloys in aerospace industry
  • 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Tooling Market 2017-2021

Technavio recognizes the following companies as the key players in the global tooling market: BIG KAISER Precision tooling, FRAISA, Guhring, Kennametal, and Sandvik.

Other Prominent Vendors in the market are: CERATIZIT, Hanjiang Tool, Ingersoll Cutting Tools/ ISCAR (IMC Group), Jiangsu Feida Tools, KYOCERA Precision Tools, LMT Onsrud, MIKRON, Mitsubishi Materials, NACHI-FUJIKOSHI, NTK Cutting Tools, and OSG.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of rotary turning in high-temperature alloys in aerospace industry. The demand of the aerospace industry for high-performance alloys is increasing, owing to their superior thermal and mechanical properties. Superior thermal alloys decrease the machinability, resulting in low productivity. In addition, conventional techniques fail to increase the productivity of high-performance alloys. Hence, special processes, such as turn-milling and rotary turning, are used to increase the productivity of these applications.”

According to the report, one of the major drivers for this market is Increased adoption of HSS tools. Minimizing the manufacturing time with the minimum impact on the quality of the product is the need of the hour for manufacturers. Additionally, buyers now want on-time and defect-free delivery schedules for products. To enable the same, customers are insisting on and verifying the quality reports from manufacturers. To enable defect free manufacturing, with high-efficiency requirements for complex machining operations, choosing the right cutting tool is indispensable. This has led to the increased adoption of high-speed steel (HSS) metal cutting tools, which are far more superior in quality than conventional tools.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuating raw material prices. High capital expenditure is required by machine tool manufacturers to provide advanced and innovative tools in the market. Key metals, such as iron, steel, aluminum, stainless steel, and titanium, are raw materials for tooling, which account for a significant share in the overall manufacturing and labor costs. Fluctuating raw material prices disrupt the pricing strategy of machine tool manufacturers. In addition, the necessity to train the workforce adds to the overall cost. Manufacturers also incur additional costs when hiring consultants or design specialists. All these factors add to manufacturing costs, thus affecting the growth of the global tooling market.

Companies Mentioned

BIG KAISER Precision tooling, FRAISA, Guhring, Kennametal, Sandvik, CERATIZIT, Hanjiang Tool, Ingersoll Cutting Tools/ ISCAR (IMC Group), Jiangsu Feida Tools, KYOCERA Precision Tools, LMT Onsrud, MIKRON, Mitsubishi Materials, NACHI-FUJIKOSHI, NTK Cutting Tools, and OSG.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Current market scenario and future projections of each tool type
      • Table Current market scenario and future projections of each region
  • Market landscape
    • Market ecosystem
      • Table Related market
      • Table Global machine tools market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast
      • Table Global – Market size and forecast 2016-2021 ($ bn)
      • Table Global – Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • 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
  • Market segmentation by product
    • Segmentation by product
      • Table Product – Market share 2016-2021 (%)
    • Comparison by product
      • Table Comparison by product
    • Milling tools – Market size and forecast
      • Table Milling tools – Market size and forecast 2016-2021 ($ bn)
      • Table Milling tools – Year-over-year growth 2017-2021 (%)
    • Drills – Market size and forecast
      • Table Drills – Market size and forecast 2016-2021 ($ bn)
      • Table Drills – Year-over-year growth 2017-2021 (%)
    • Stationary tool inserts – Market size and forecast
      • Table Stationary tool inserts – Market size and forecast 2016-2021 ($ bn)
      • Table Stationary tool inserts – Year-over-year growth 2017-2021 (%)
    • Turning tools – Market size and forecast
      • Table Turning tools – Market size and forecast 2016-2021 ($ bn)
      • Table Turning tools – Year-over-year growth 2017-2021 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Regional landscape
    • Geographical segmentation
      • Table Global – Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC – Market size and forecast
      • Table APAC – Market size and forecast 2016-2021 ($ bn)
      • Table APAC – Year-over-year growth 2017-2021 (%)
    • Americas – Market size and forecast
      • Table Americas – Market size and forecast 2016-2021 ($ bn)
      • Table Americas – Year-over-year growth 2017-2021 (%)
    • EMEA – Market size and forecast
      • Table EMEA – Market size and forecast 2016-2021 ($ bn)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Major investment by governments in emerging countries in APAC during 2016-2021
    • Market challenges
      • Table Global price trend of stainless steel June 2014-May 2015 ($/ton)
      • Table Challenges faced by European machine tool industry
  • Market trends
    • Use of rotary turning in high-temperature alloys in aerospace industry
      • Table Types of rotary turning
    • Use of double-sided inserts for rough turning applications
      • Table Benefits of double-sided inserts
  • Vendor landscape
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BIG KAISER Precision tooling
      • Table Vendor overview
      • Table BIG KAISER Precision tooling – Business segments
      • Table BIG KAISER Precision tooling – Organizational developments
      • Table BIG KAISER Precision tooling – Geographic focus
      • Table BIG KAISER Precision tooling – Segment focus
      • Table BIG KAISER Precision tooling – Key offerings
    • FRAISA
      • Table Vendor overview
      • Table FRAISA – Business segments
      • Table FRAISA – Organizational developments
      • Table FRAISA – Geographic focus
      • Table FRAISA – Segment focus
      • Table FRAISA – Key offerings
    • Guhring
      • Table Vendor overview
      • Table Guhring – Business segments
      • Table Guhring – Organizational developments
      • Table Guhring – Geographic focus
      • Table Guhring – Segment focus
      • Table Guhring – Key offerings
    • Kennametal
      • Table Vendor overview
      • Table Kennametal – Business segments
      • Table Kennametal – Organizational developments
      • Table Kennametal – Geographic focus
      • Table Kennametal – Segment focus
      • Table Kennametal – Key offerings
    • Sandvik
      • Table Vendor overview
      • Table Sandvik– Business segments
      • Table Sandvik– Organizational developments
      • Table Sandvik– Geographic focus
      • Table Sandvik– Segment focus
      • Table Sandvik– Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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