Global Twist Drill Market Growth 2025-2031

The global Twist Drill market size is predicted to grow from US$ 4900 million in 2025 to US$ 6041 million in 2031; it is expected to grow at a CAGR of 3.5% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Twist Drill Industry Forecast” looks at past sales and reviews total world Twist Drill sales in 2024, providing a comprehensive analysis by region and market sector of projected Twist Drill sales for 2025 through 2031. With Twist Drill sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Twist Drill industry.

This Insight Report provides a comprehensive analysis of the global Twist Drill landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Twist Drill portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Twist Drill market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Twist Drill and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Twist Drill.

This report presents a comprehensive overview, market shares, and growth opportunities of Twist Drill market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Straight Shank Twist Drill
Taper Shank Twist Drill
Double-End Twist Drill
Others

Segmentation by Application:
Metal
Wood
Concrete
Plastic
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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 Addressed in this Report

What is the 10-year outlook for the global Twist Drill market?

What factors are driving Twist Drill market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Twist Drill market opportunities vary by end market size?

How does Twist Drill break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.