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    Cutting Tools Market

    ID: 2710
    192 Pages
    Research Team
    08/2020

    Cutting Tools Market Research Report Information By Tool Type (Index Able Inserts and Solid Round Tools), By Material Type (Cemented Carbide, High-Speed Steel, Ceramics, Stainless Steel, Polycrystalline Diamond, Cubic Boron Nitride, and Exotic materials), By Application (Automotive, Aerospace & Defense, Construction, Electronics, Oil & Gas, Power Generation, Wood, Die & Mold and Oth...

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    Market Summary

    Global Cutting Tools Market Overview:

    Cutting Tools Market Size was valued at USD 71,700.0 Billion in 2023. The Cutting Tools market industry is projected to grow from USD 75,715.2 Billion in 2024 to USD 1,17,083.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period (2024 - 2032). Increased use of power tools in households and rising scope for growth in developing nations are the key market drivers enhancing market growth.

    Global Cutting Tools Market Overview:

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

     The increased use of power tools in households and the rising scope for growth in developing nations are considered vital parameters enhancing the performance of the global market.

      • July 2023- Sowa Tool & Machine, Kitchener, Ont., and Greenfield Industries, Seneca, S.C., have disclosed a new supply agreement that will provide Canadian customers access to more than 26,000 products from Cleveland, Chicago-Latrobe, and Greenfield Threading.

    Cutting Tools Market Trends

    Growing emphasis on customization and specialization is driving market growth.

    Market CAGR for cutting tools is driven by the growing demand for customized cutting tools that cater to specific machining requirements. General-purpose cutting tools are replaced by specialized tools designed for specific applications, improving productivity and efficiency. The trend is driven by the need for higher precision, reduced cycle times, and improved surface finishes. Manufacturers invest in research and development to evolve cutting tools tailored to specific industries and applications. Customized cutting tools offer a competitive advantage by addressing the unique requirements of different industries and enhancing overall machining performance.

    Additionally, one of the prominent trends in the Cutting Equipment market is the growing adoption of advanced materials, such as ceramics, polycrystalline diamond (PCD), and cubic boron nitride (CBN). These materials possess superior hardness, wear resistance, and thermal stability compared to conventional tools like high-speed steel (HSS) and carbide. The demand for advanced materials is driven by their ability to enhance cutting tool performance, improve tool life, and reduce machining costs. In the automotive industry, cutting tools from advanced materials enable manufacturers to effectively machine high-strength materials like titanium and composites. Similarly, the aerospace industry utilizes cutting tools with advanced materials to achieve higher machining speeds and precision in producing complex components.

    The advent of Industry 4.0 has significantly impacted the cutting tools market. Manufacturers are integrating smart technologies into cutting tools, enabling real-time monitoring, data analytics, and predictive maintenance. This integration improves tool performance, reduces downtime, and enhances operational efficiency. Sensor-equipped cutting tools provide valuable insights into tool wear, temperature, and vibrations. This data can be collected and assumed to optimize machining processes, predict tool failures, and schedule maintenance proactively. By leveraging IoT capabilities, manufacturers can reduce costs associated with tool breakage and unplanned downtime, resulting in increased productivity and profitability.

    For instance, Manufacturers must continue to innovate and develop cutting-edge solutions to meet the evolving demands of industries and maintain a competitive edge in the market. The Cutting Tools Market is witnessing significant trends driven by the adoption of advanced materials, customization and specialization, and the integration of Industry 4.0 technologies. These trends are shaping the future of cutting tools by enabling higher machining speeds, enhanced precision, and improved operational efficiency, driving the Cutting Tools Industry revenue.

    Cutting Tools Market Segment Insights:

    Among all the material types, the cemented carbide category secured the leading position across the global market for cutting tools in 2022. The main parameter supporting the development of the market segment is the extensive use of metalworking applications, such as drilling, milling, turning, and threading.

    Among all the applications, the automotive category secured the leading position across the global market for cutting tools in 2022. The main parameter supporting the development of the market segment is the wide use for producing engine components, body parts, and other components.

    Among all the types, the indexable inserts segment secured the leading position across the global market for cutting tools in 2022. The main parameter supporting the development of the market segment is the several advantages such as achieving high cutting speeds, ease of replacement, and cost-effectiveness.

      • January 2023- ISO-P steels characterize the biggest metal material groups, so covering all bases can be challenging for cutting tool manufacturers. On the contrary, with the updated version of its tried and tested EcoCut series, tooling specialist Ceratizit is now offering high-performance solutions for the universal turning and drilling of ISO-P steels.

    Cutting Tools Material Type Insights

    The Cutting Tools Market segmentation, based on material type, includes cemented carbide, high-speed steel, ceramics, stainless steel, polycrystalline diamond, cubic boron nitride, and exotic materials. The cemented carbide category generated the most income. Carbide-cutting tools are known for their exceptional hardness, wear resistance, and high-temperature strength. They are extensively used in metalworking applications, such as milling, drilling, turning, and threading.

    Cutting Tools Application Insights

    The Cutting Tools Market segmentation, based on application, includes automotive, aerospace & defense, construction, electronics, oil & gas, power generation, wood, die & mold, and others. The automotive category generated the most income. Cutting tools are used extensively in the automotive industry for the production of engine components, body parts, and other components.

    Cutting Tools Tool Type Insights

    The Cutting Tools Market segmentation, based on tool type, includes indexable inserts and solid round tools. The indexable inserts segment dominated the market. Indexable inserts are replaceable cutting tips held in place by clamping systems. These inserts are typically made of hard materials like carbide, ceramic, or cubic boron nitride (CBN). They offer several advantages, such as cost-effectiveness, ease of replacement, and achieving high cutting speeds.

    Figure 1: Cutting Tools Market, by Tool Type, 2024 & 2032 (USD Billion)

    Cutting Tools Market, by Tool Type, 2022 & 2032

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Cutting Tools Regional Insights

    By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Cutting Tools market will grow significantly due to advanced manufacturing industries, such as automotive and aerospace, and a strong emphasis on technological advancements. In addition, the growing adoption of advanced materials and technologies, such as 3D printing, in various industries further drives market growth.

    Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 2: Cutting Tools Market Share By Region 2022 (USD Billion)

    Cutting Tools Market Share By Region 2022 (USD Billion)

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Europe's Cutting Tools market accounts for the second-largest market share. The region boasts a well-established manufacturing sector, particularly in the automotive, aerospace, and machinery industries. These industries heavily rely on cutting tools for precision machining and production. Further, the German Cutting Tools market held the largest market share, and the UK Cutting Tools market was the rapid-growing market in the European region.

    The Asia-Pacific Cutting Tools Market will dominate the market this year. The region's expanding industrial base, rising disposable income, and increasing urbanization have increased the demand for consumer goods, automobiles, and infrastructure development. Moreover, China’s Cutting Tools market held the largest market share, and the Indian Cutting Tools market was the significant-growing market in the Asia-Pacific region.

    Cutting Tools Key Market Players & Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Cutting Tools market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Cutting Tools industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Cutting Tools industry to benefit clients and increase the market sector. In recent years, the Cutting Tools industry has offered some of the most significant advantages to medicine. Major players in the Cutting Tools market, including Kennametal Inc. Ltd., OSG Corporation, ISCAR LTD, MAPAL, Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker Inc., Klein Tools Inc., ICS Cutting Tools Inc., Snap-on, OTTO BAIER GmbH, Hilti Corporation, Sandvik AG, Ingersoll Cutting Tools, FRAISA SA, KYOCERA Cutting Tools Group, Asahi Diamond Industrial Co., and others, are attempting to increase market demand by investing in research and development operations.

    Sandvik AB, founded in 1862, and located in Stockholm, Sweden, is a Swedish international engineering company that specializes in products and services for mining, rock drilling, crushing of rock and screening of rock, metal cutting, and machining. In March 2022, Sandvik Coromant announced the launch of CoroDrill 860-PM, which provides excellent performance in drilling operations and superior durability to tools, improving the operational life of the tools.

    Mitsubishi Materials Corporation, also known as MMC, was founded in 1871 in Chiyoda-ku, Tokyo, Japan. It is a Japanese manufacturing company that manufactures cement products, copper & aluminum products, electronic materials, and cemented carbide tools. In April 2022, Mitsubishi Materials Corporation Metalworking Solutions Company increased its product portfolio and introduced two double-sided inserts: a wiper type and a precision grade M class type.

    Key Companies in the Cutting Tools market include

      • OSG Corporation
      • ISCAR LTD
      • MAPAL
      • Robert Bosch GmbH
      • Stanley Black & Decker Inc.
      • Klein Tools Inc.
      • ICS Cutting Tools Inc.
      • Snap-on
      • OTTO BAIER GmbH
      • Hilti Corporation
      • Sandvik AG
      • Ingersoll Cutting Tools
      • FRAISA SA
      • KYOCERA Cutting Tools Group
      • Asahi Diamond Industrial Co.

    Cutting Tools Industry Developments

    June 2020 Miranda Tools, a wholly-owned subsidiary of Ashok Piramal Group, was bought by Dormer Pramet.

    June 2022 Milwaukee Tools has recently introduced its innovative wrecker integrated with NITROUS CARBIDE SAWZALL Blade. The product is designed to operate more effectively on a wide range of metals, ideal for demolition and remodeling jobs at construction sites.

    September 2019 Star Micronics Co., Ltd. is set to launch SX-38, a high-functioning large diameter (38 mm) model, by April 2020. It is a Swiss-type automatic lathe developed especially for manufacturing sectors such as automotive, aerospace, and medical applications.

    Cutting Tools Market Segmentation

    Cutting Tools Tool Type Outlook

      • Index able Inserts
      • Solid round tools

    Cutting Tools Material Type Outlook

      • Cemented Carbide
      • High-Speed Steel
      • Ceramics
      • Stainless steel
      • Polycrystalline Diamond
      • Cubic Boron Nitride
      • Exotic materials

    Cutting Tools Application Outlook

      • Automotive
      • Aerospace & Defense
      • Construction
      • Electronics
      • Oil & Gas
      • Power Generation
      • Wood
      • Die and Mold
      • Others

    Cutting Tools Regional Outlook

      • North America
        • US
        • Canada
      • Europe
        • Germany
        • France
        • UK
        • Italy
        • Spain
        • Rest of Europe
      • Asia-Pacific
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • Australia
        • Rest of Asia-Pacific
      • Rest of the World
        • Middle East
        • Africa
        • Latin America

    Market Size & Forecast

    Attribute/Metric Details
    Market Size 2023 USD 71,700.0 Billion
    Market Size 2024 USD 75,715.2 Billion
    Market Size 2032 USD 1,17,083.1 Billion
    Compound Annual Growth Rate (CAGR) 5.6% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Tool Type, Material Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Kennametal Inc. Ltd., OSG Corporation, ISCAR LTD, MAPAL, Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker Inc., Klein Tools Inc., ICS Cutting Tools Inc., Snap-on, OTTO BAIER GmbH, Hilti Corporation, Sandvik AG, Ingersoll Cutting Tools, FRAISA SA, KYOCERA Cutting Tools Group, Asahi Diamond Industrial Co.
    Key Market Opportunities Obesity in children, healthier and more balanced diets
    Key Market Dynamics Increase in health difficulties and worries, leading to costly operations

    Major Players

    Cutting Tools Tool Market Segmentation

    Cutting Tools Tool Type Outlook (USD Billion, 2024-2032)

    • Index able Inserts

    • Solid round tools

    Cutting Tools Material Type Outlook (USD Billion, 2024-2032)

    • Cemented Carbide

    • High-Speed Steel

    • Ceramics

    • Stainless Steel

    • Polycrystalline Diamond

    • Cubic Boron Nitride

    • Exotic Materials

    Cutting Tools Application Outlook (USD Billion, 2024-2032)

    • Aerospace & Defense

    • Automotive

    • Construction

    • Electronics

    • Oil & Gas

    • Power Generation

    • Wood

    • Die & Mold

    • Others

    Cutting Tools Regional Outlook (USD Billion, 2024-2032)

    • North America Outlook (USD Billion, 2024-2032)

      • North America Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • North America Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • North America Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • US Outlook (USD Billion, 2024-2032)

      • US Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • US Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • US Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • CANADA Outlook (USD Billion, 2024-2032)

      • CANADA Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • CANADA Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • CANADA Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

    • Europe Outlook (USD Billion, 2024-2032)

      • Europe Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Europe Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Europe Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • Germany Outlook (USD Billion, 2024-2032)

      • Germany Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Germany Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Germany Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • France Outlook (USD Billion, 2024-2032)

      • France Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • France Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • France Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • UK Outlook (USD Billion, 2024-2032)

      • UK Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • UK Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • UK Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • ITALY Outlook (USD Billion, 2024-2032)

      • ITALY Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • ITALY Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • ITALY Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • SPAIN Outlook (USD Billion, 2024-2032)

      • Spain Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Spain Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Spain Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • Rest Of Europe Outlook (USD Billion, 2024-2032)

      • Rest Of Europe Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Rest Of Europe Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Rest Of Europe Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

    • Asia-Pacific Outlook (USD Billion, 2024-2032)

      • Asia-Pacific Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Asia-Pacific Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Asia-Pacific Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • China Outlook (USD Billion, 2024-2032)

      • China Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • China Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • China Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • Japan Outlook (USD Billion, 2024-2032)

      • Japan Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Japan Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Japan Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • India Outlook (USD Billion, 2024-2032)

      • India Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • India Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • India Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • Australia Outlook (USD Billion, 2024-2032)

      • Australia Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Australia Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Australia Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2024-2032)

      • Rest of Asia-Pacific Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Rest of Asia-Pacific Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Rest Of Asia-Pacific Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

    • Rest of the World Outlook (USD Billion, 2024-2032)

      • Rest of the World Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Rest of the World Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Rest of the World Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • Middle East Outlook (USD Billion, 2024-2032)

      • Middle East Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Middle East Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Middle East Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • Africa Outlook (USD Billion, 2024-2032)

      • Africa Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Africa Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Africa Cutting Tools by Application

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

      • Latin America Outlook (USD Billion, 2024-2032)

      • Latin America Cutting Tools by Tool Type

        • Index able Inserts

        • Solid round tools

      • Latin America Cutting Tools by Material Type

        • Cemented Carbide

        • High-Speed Steel

        • Ceramics

        • Stainless Steel

        • Polycrystalline Diamond

        • Cubic Boron Nitride

        • Exotic Materials

      • Latin America Cutting Tools by Applications

        • Aerospace & Defense

        • Automotive

        • Construction

        • Electronics

        • Oil & Gas

        • Power Generation

        • Wood

        • Die & Mold

        • Others

    Market Trends

    Global Cutting Tools Market Overview:

    Cutting Tools Market Size was valued at USD 71,700.0 Billion in 2023. The Cutting Tools market industry is projected to grow from USD 75,715.2 Billion in 2024 to USD 1,17,083.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.6% during the forecast period (2024 - 2032). Increased use of power tools in households and rising scope for growth in developing nations are the key market drivers enhancing market growth.

    Global Cutting Tools Market Overview:

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

     The increased use of power tools in households and the rising scope for growth in developing nations are considered vital parameters enhancing the performance of the global market.

      • July 2023- Sowa Tool & Machine, Kitchener, Ont., and Greenfield Industries, Seneca, S.C., have disclosed a new supply agreement that will provide Canadian customers access to more than 26,000 products from Cleveland, Chicago-Latrobe, and Greenfield Threading.

    Cutting Tools Market Trends

    Growing emphasis on customization and specialization is driving market growth.

    Market CAGR for cutting tools is driven by the growing demand ...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Cutting Tools Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Cutting Tools Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 71,700.0 Billion
    Market Size 2024 USD 75,715.2 Billion
    Market Size 2032 USD 1,17,083.1 Billion
    Compound Annual Growth Rate (CAGR) 5.6% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Tool Type, Material Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Kennametal Inc. Ltd., OSG Corporation, ISCAR LTD, MAPAL, Makita Corporation, Robert Bosch GmbH, Stanley Black & Decker Inc., Klein Tools Inc., ICS Cutting Tools Inc., Snap-on, OTTO BAIER GmbH, Hilti Corporation, Sandvik AG, Ingersoll Cutting Tools, FRAISA SA, KYOCERA Cutting Tools Group, Asahi Diamond Industrial Co.
    Key Market Opportunities Obesity in children, healthier and more balanced diets
    Key Market Dynamics Increase in health difficulties and worries, leading to costly operations

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What is anticipated to be the rate of expansion of the cutting tools market?

    The cutting tools market is poised to register 6.69% CAGR.

    By 2023, what is prognosticated to be the value of revenues earned?

    The market is poised to witness the earning of revenues worth around USD 16700 Mn by 2023.

    Who are the major players of the cutting tools market?

    The major players are Sandvik AG, KYOCERA Cutting Tools Group, FRAISA SA, Asahi Diamond Industrial Co. Ltd., Stanley Black & Decker, Inc., Makita Corporation, Makita Corporation, Klein Tools, Inc., Stanley Black & Decker, Inc., ICS Cutting Tools Inc., OTTO BAIER GmbH, Snap-on Inc., Hilti Corporation, CERATIZIT Group, J SCHNEEBERGER Maschinen AG, Ingersoll Cutting Tools, Vollmer, and Hitachi Koki Co. Ltd.

    Based on tool type, what are the segments of the cutting tools market?

    The tool type based segments of the cutting tools market are indexable inserts and solid round tools.

    By material type, which segments of the cutting tools market are profiled?

    The segments profiled on the basis of material type are cemented carbide, ceramics, high speed steel, stainless steel, cubic boron nitride, polycrystalline diamond, and exotic materials.

    By application, name the segments of the cutting tools market.

    The segments of the cutting tools market are automotive, construction, aerospace & defense, electronics, power generation, oil & gas, wood, and die and mold.

    Which application segment is anticipated to dominate the cutting tools market?

    The cutting tools market is supposed to be dominated by the automotive segment.

    1. EXECUTIVE SUMMARY
    2. MARKET INTRODUCTION
      1. MARKET DEFINITION
      2. SCOPE OF THE STUDY
      3. MARKET
      4. LIST OF ASSUMPTIONS
      5. KEY BUYING CRITERIA
    3. RESEARCH METHODOLOGY
    4. MARKET INSIGHTS
      1. MARKET
        1. AMERICAS
        2. EUROPE
        3. ASIA-PACIFIC
        4. MIDDLE EAST & AFRICA
    5. MARKET
      1. INTRODUCTION
      2. DRIVERS
        1. USE
        2. DEMAND FOR HIGH-SPEED STEEL CUTTING
        3. GROWTH OF THE END-USE INDUSTRIES
        4. INCREASE
        5. DRIVERS IMPACT ANALYSIS
      3. RESTRAINTS
        1. LACK OF SKILLED LABOR
        2. HIGH
        3. RESTRAINTS IMPACT ANALYSIS
        4. SCOPE FOR GROWTH IN DEVELOPING NATIONS
        5. ECONOMIC IMPACT ON THE MANUFACTURING INDUSTRY
        6. IMPACT ON THE CUTTING TOOLS INDUSTRY
        7. IMPACT ON WORLD
    6. MARKET FACTOR ANALYSIS
      1. SUPPLY CHAIN ANALYSIS
        1. DESIGN AND DEVELOPMENT
        2. RAW MATERIAL/COMPONENT SUPPLY
        3. CUTTING TOOLS MANUFACTURE/ASSEMBLY
        4. CUTTING TOOLS
        5. END USE
      2. PORTER’S FIVE FORCES
        1. THREAT OF NEW ENTRANTS
        2. BARGAINING POWER
        3. BARGAINING POWER OF BUYERS
        4. THREAT
        5. RIVALRY
    7. GLOBAL CUTTING TOOLS MARKET,
      1. OVERVIEW
      2. SOLID ROUND TOOLS
    8. GLOBAL CUTTING TOOLS MARKET, BY MATERIAL TYPE
      1. OVERVIEW
      2. CEMENTED CARBIDE
      3. HIGH-SPEED STEEL
      4. STAINLESS STEEL
      5. CERAMICS
      6. POLYCRYSTALLINE
      7. CUBIC BORON NITRIDE
      8. EXOTIC MATERIALS
    9. GLOBAL CUTTING TOOLS MARKET, BY APPLICATION
      1. OVERVIEW
      2. AUTOMOTIVE
      3. AEROSPACE & DEFENSE
      4. CONSTRUCTION
      5. ELECTRONICS
        1. SEMICONDUCTOR FABRICATION
        2. WIRE HARNESSING
      6. OIL & GAS
      7. POWER GENERATION
      8. DIE & MOLD
      9. WOOD
      10. OTHERS
    10. GLOBAL CUTTING TOOLS MARKET, BY REGION
      1. OVERVIEW
        1. MARKET ESTIMATES AND FORECAST, BY REGION
      2. AMERICAS
        1. MARKET ESTIMATES AND FORECAST, BY COUNTRY
        2. MARKET ESTIMATES AND FORECAST, BY TOOL TYPE
        3. MARKET ESTIMATES
        4. MARKET ESTIMATES AND FORECAST,
        5. US
        6. CANADA
        7. MEXICO
        8. BRAZIL
        9. REST OF AMERICAS
      3. EUROPE
        1. MARKET ESTIMATES AND FORECAST, BY COUNTRY
        2. MARKET
        3. MARKET ESTIMATES AND FORECAST,
        4. MARKET ESTIMATES AND FORECAST, BY APPLICATION
        5. GERMANY
        6. UK
        7. FRANCE
        8. REST OF EUROPE
      4. ASIA-PACIFIC
        1. MARKET ESTIMATES AND
        2. MARKET ESTIMATES AND FORECAST, BY MATERIAL
        3. MARKET ESTIMATES AND FORECAST, BY APPLICATION
        4. JAPAN
        5. INDIA
        6. SOUTH KOREA
        7. TAIWAN
        8. THAILAND
        9. MALAYSIA
        10. REST OF ASIA-PACIFIC
      5. MIDDLE EAST & AFRICA
        1. MARKET ESTIMATES AND FORECAST, BY COUNTRY
        2. MARKET
        3. MARKET ESTIMATES AND FORECAST,
        4. MARKET ESTIMATES AND FORECAST, BY APPLICATION
        5. MIDDLE EAST
        6. AFRICA
    11. COMPETITIVE LANDSCAPE
      1. COMPETITIVE OVERVIEW
      2. COMPETITIVE BENCHMARKING
      3. KEY STRATEGY ANALYSIS
      4. LEADING PLAYERS (IN TERMS OF NUMBER
    12. COMPANY PROFILES
      1. KENNAMETAL, INC
        1. FINANCIAL OVERVIEW
        2. PRODUCTS/SOLUTIONS/SERVICES
        3. KEY DEVELOPMENTS
        4. SWOT ANALYSIS
        5. KEY STRATEGIES
      2. OSG CORPORATION
        1. COMPANY
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      3. MAKITA CORPORATION
        1. COMPANY
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      4. ROBERT BOSCH GMBH
        1. COMPANY
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      5. STANLEY BLACK & DECKER, INC.
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. KEY DEVELOPMENTS
        4. SWOT ANALYSIS
        5. KEY STRATEGIES
      6. SNAP-ON
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      7. HILTI
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      8. SANDVIK
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      9. ASAHI
        1. COMPANY OVERVIEW
        2. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        3. KEY DEVELOPMENTS
        4. SWOT ANALYSIS
        5. KEY
      10. KOKI HOLDINGS CO., LTD
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES
        4. KEY DEVELOPMENTS
        5. SWOT ANALYSIS
        6. KEY STRATEGIES
      11. FRAISA SA
        1. COMPANY
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES
        4. KEY DEVELOPMENTS
      12. INGERSOLL CUTTING TOOLS
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
      13. KYOCERA CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        3. KEY DEVELOPMENTS
      14. ISCAR LTD
        1. COMPANY
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES
        4. KEY DEVELOPMENTS
      15. HARTMETALL-WERKZEUGFABRIK
        1. COMPANY OVERVIEW
        2. FINANCIAL
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
      16. ZHUZHOU CEMENTED CARBIDE CUTTING TOOL CO. LTD
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
      17. MAPAL DR. KRESS KG
        1. COMPANY OVERVIEW
        2. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        3. KEY DEVELOPMENTS
      18. KLEIN TOOLS, INC.
        1. FINANCIAL OVERVIEW
        2. PRODUCTS/SOLUTIONS/SERVICES
        3. KEY DEVELOPMENTS
      19. ICS CUTTING TOOLS INC.
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        4. KEY DEVELOPMENTS
      20. OTTO BAIER GMBH
        1. COMPANY OVERVIEW
        2. PRODUCTS/SOLUTIONS/SERVICES OFFERED
        3. KEY DEVELOPMENTS
      21. J. SCHNEEBERGER MASCHINEN AG
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. KEY DEVELOPMENTS
      22. VOLLMER
        1. COMPANY OVERVIEW
        2. FINANCIAL
        3. PRODUCTS/SOLUTIONS/SERVICES OFFERED
      23. CERATIZIT S.A.
        1. COMPANY OVERVIEW
        2. FINANCIAL OVERVIEW
        3. PRODUCTS/SOLUTIONS/SERVICES
        4. KEY DEVELOPMENTS
    13. COMPANY PROFILES (END
      1. TOYOTA MOTOR CORPORATION
        1. COMPANY OVERVIEW
      2. VOLKSWAGEN AG
        1. COMPANY OVERVIEW
      3. THE
        1. COMPANY OVERVIEW
      4. AIRBUS SE
        1. COMPANY OVERVIEW
      5. BECHTEL CORPORATION
      6. EMAAR PROPERTIES PJSC
        1. COMPANY
      7. SAMSUNG ELECTRONICS
        1. COMPANY OVERVIEW
      8. SONY CORPORATION
        1. COMPANY OVERVIEW
        2. COMPANY OVERVIEW
      9. BP P.L.C.
        1. COMPANY OVERVIEW
      10. EDF ENERGY PLC
      11. DUKE ENERGY CORPORATION
        1. COMPANY
      12. WEST FRASER TIMBER CO. LTD
        1. COMPANY
      13. CANFOR
        1. COMPANY OVERVIEW
        2. COMPANY OVERVIEW
    14. LIST OF TABLES
    15. GLOBAL CUTTING TOOLS MARKET, BY APPLICATION, 2024–2032 (USD MILLION)
    16. MEXICO: CUTTING TOOLS MARKET, BY APPLICATION, 2024–2032 (USD MILLION)
    17. ASIA-PACIFIC: CUTTING TOOLS MARKET, BY MATERIAL TYPE, 2024–2032 (USD MILLION)
    18. TAIWAN: CUTTING TOOLS MARKET, BY TOOL TYPE, 2024–2032 (USD MILLION)
    19. AFRICA: CUTTING TOOLS MARKET, BY MATERIAL TYPE, 2024–2032 (USD MILLION)
    20. LIST OF ACTIVE PLAYERS IN THE GLOBAL CUTTING TOOLS MARKET
    21. STANLEY BLACK & DECKER, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    22. SANDVIK AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    23. VOLLMER: PRODUCTS/SERVICES OFFERED
    24. LIST OF FIGURES
    25. MARKET SYNOPSIS
    26. BOTTOM-UP AND TOP-DOWN APPROACHES
    27. SUPPLY CHAIN ANALYSIS: GLOBAL CUTTING TOOLS MARKET
    28. EUROPE: CUTTING TOOLS MARKET SHARE, BY COUNTRY, 2022 (%)
    29. (MILLION UNITS)
    30. KEY STRATEGY ANALYSIS: GLOBAL CUTTING TOOLS MARKET
    31. OSG CORPORATION: SWOT ANALYSIS
    32. HILTI CORPORATION: FINANCIAL OVERVIEW SNAPSHOT
    33. FRAISA SA: FINANCIAL OVERVIEW SNAPSHOT

    Cutting Tools Tool Market Segmentation

    Cutting Tools Tool Type Outlook (USD Billion, 2024-2032)

    • Index able Inserts
    • Solid round tools

    Cutting Tools Material Type Outlook (USD Billion, 2024-2032)

    • Cemented Carbide
    • High-Speed Steel
    • Ceramics
    • Stainless Steel
    • Polycrystalline Diamond
    • Cubic Boron Nitride
    • Exotic Materials

    Cutting Tools Application Outlook (USD Billion, 2024-2032)

    • Aerospace & Defense
    • Automotive
    • Construction
    • Electronics
    • Oil & Gas
    • Power Generation
    • Wood
    • Die & Mold
    • Others

    Cutting Tools Regional Outlook (USD Billion, 2024-2032)

    • North America Outlook (USD Billion, 2024-2032)

      • North America Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • North America Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • North America Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • US Outlook (USD Billion, 2024-2032)

      • US Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • US Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • US Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • CANADA Outlook (USD Billion, 2024-2032)

      • CANADA Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • CANADA Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • CANADA Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

    • Europe Outlook (USD Billion, 2024-2032)

      • Europe Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Europe Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Europe Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • Germany Outlook (USD Billion, 2024-2032)

      • Germany Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Germany Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Germany Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • France Outlook (USD Billion, 2024-2032)

      • France Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • France Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • France Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • UK Outlook (USD Billion, 2024-2032)

      • UK Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • UK Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • UK Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • ITALY Outlook (USD Billion, 2024-2032)

      • ITALY Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • ITALY Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • ITALY Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • SPAIN Outlook (USD Billion, 2024-2032)

      • Spain Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Spain Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Spain Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • Rest Of Europe Outlook (USD Billion, 2024-2032)

      • Rest Of Europe Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Rest Of Europe Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials

      • Rest Of Europe Cutting Tools by Application

        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

    • Asia-Pacific Outlook (USD Billion, 2024-2032)

      • Asia-Pacific Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Asia-Pacific Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Asia-Pacific Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • China Outlook (USD Billion, 2024-2032)

      • China Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • China Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • China Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • Japan Outlook (USD Billion, 2024-2032)

      • Japan Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Japan Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Japan Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • India Outlook (USD Billion, 2024-2032)

      • India Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • India Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • India Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • Australia Outlook (USD Billion, 2024-2032)

      • Australia Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Australia Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Australia Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2024-2032)

      • Rest of Asia-Pacific Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Rest of Asia-Pacific Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Rest Of Asia-Pacific Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

    • Rest of the World Outlook (USD Billion, 2024-2032)

      • Rest of the World Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Rest of the World Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Rest of the World Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • Middle East Outlook (USD Billion, 2024-2032)

      • Middle East Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Middle East Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Middle East Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • Africa Outlook (USD Billion, 2024-2032)

      • Africa Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Africa Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Africa Cutting Tools by Application
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others

      • Latin America Outlook (USD Billion, 2024-2032)

      • Latin America Cutting Tools by Tool Type
        • Index able Inserts
        • Solid round tools
      • Latin America Cutting Tools by Material Type
        • Cemented Carbide
        • High-Speed Steel
        • Ceramics
        • Stainless Steel
        • Polycrystalline Diamond
        • Cubic Boron Nitride
        • Exotic Materials
      • Latin America Cutting Tools by Applications
        • Aerospace & Defense
        • Automotive
        • Construction
        • Electronics
        • Oil & Gas
        • Power Generation
        • Wood
        • Die & Mold
        • Others
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