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切削工具市場の2030年までの予測- 工具タイプ別、材料タイプ別、用途別、地域別の世界分析

Cutting Tools Market Forecasts to 2030 - Global Analysis By Tool Type, Material Type, Application and By Geography

出版日: 2023年08月01日 | 発行: Stratistics Market Research Consulting

| ページ情報: 英文 175+ Pages | 納期: 2～3営業日

● お客様のご希望に応じて、既存データの加工や未掲載情報（例：国別セグメント）の追加などの対応が可能です。　詳細はお問い合わせください。

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全表示
概要
図表
目次

概要

サンプル依頼リストに入れる

Stratistics MRCによると、世界の切削工具市場は2023年に203億4,000万米ドルを占め、予測期間中にCAGR 8.2％で成長し、2030年には353億1,000万米ドルに達すると予測されています。

金属、木材、プラスチック、その他の材料はすべて切削工具によって成形されます。これらのポータブルまたはピストン式装置は、様々な産業で使用されています。切削工具には、のこぎり、ドリル、リーマー、タップ、エンドミル、旋盤工具、フライスカッター、砥石などがあります。切削工具は、材質、仕上げ、精度によって決定されます。新技術や新素材の開発により、切削工具も高度化、引張強度、有効性が向上しています。

工具の形状により、切削工具はソリッド切削工具と超硬チップ工具に分類されます。

市場力学：

製造・産業部門の成長

切削工具の需要は、自動車、航空宇宙、建築、エレクトロニクス分野など数多くの産業が拡大した結果、大幅に増加しています。エンジン部品、車体部品、電気自動車の精密部品の加工は、切削工具に大きく依存しています。航空宇宙産業では、タービンブレードや構造要素のような重要な部品を製造するために切削工具が使用されています。また、切削工具は、建設分野における金属、木材、コンクリートなどの材料の成形や切断にも必要です。さらに、エレクトロニクス産業における回路基板や半導体部品の精密加工は、切削工具に依存しています。切削工具の一般的な需要は、これらの産業の継続的な成長によってもたらされ、市場の拡大を後押ししています。

高い初期費用と運用費用

切削工具市場には、機械、工具設備、熟練労働者への多額の初期投資が必要です。中小企業（SME）や予算が厳しい企業にとって、高品質の切削工具はしばしば法外に高価です。しかし、工具のメンテナンス、工具の交換、再研磨料金などの運用コストによって、機械加工作業全体のコストが増加することもあります。

インダストリー4.0とスマート・マニュファクチャリングの革新

モノのインターネット（IoT）、人工知能（AI）、データ分析などのインダストリー4.0技術の融合により、切削工具メーカーには多くのチャンスがあります。切削工具の性能と状態をリアルタイムで監視できるスマート製造システムによって、予知保全と最適な工具使用が可能になります。さらに、メーカーはデータ主導の洞察を活用することで、工具の寿命を延ばし、加工効果を高め、ダウンタイムを減らすことができ、最終的にはコスト削減と生産性向上につながります。

経済の不確実性と変動

経済の乱高下と不確実性は切削工具市場に影響を与えます。地政学的緊張、経済危機、株式市場の低迷はすべて、事業運営と製造投資に影響を及ぼす可能性があります。このような時期には、企業は機械や切削工具の購入を延期または削減することを決定する可能性があり、切削工具の需要全体に影響を与える可能性があります。さらに、貿易政策や通貨価値の変化によって国際貿易やサプライチェーンが混乱し、すでに不安定な市場の状態が悪化する可能性もあります。

COVID-19の影響

切削工具の売上はCOVID-19の大流行によって大きな影響を受け、工場の閉鎖や物流の困難によるサプライチェーンの混乱も招いた。多くの産業における需要の変動は、切削工具販売全体に影響を及ぼし、特に自動車、航空宇宙、建設などの産業で活動が低下しました。しかし、パンデミックは、eコマースや遠隔支援といったデジタル技術の採用を早め、切削工具メーカーが顧客とのつながりを深め、危機時に支援を提供することを可能にしました。切削工具メーカーにとって、高性能で環境に優しい工具ソリューションを革新・創造するさらなる機会は、パンデミック後に持続可能で手頃な価格の製造に焦点が当てられることによってもたらされます。

予測期間中、超硬合金セグメントが最大になる見込み

超硬合金セグメントは、硬度、耐摩耗性、靭性のバランスに優れているため、予測期間中最大のシェアを占めると予想されます。超硬合金は、ハードメタルまたはタングステンカーバイドとしても知られ、切削工具の製造に使用される一般的な材料です。旋盤加工、フライス加工、穴あけ加工、金属、合金、その他の材料の切削加工に加え、さまざまな切削加工で頻繁に使用されています。超硬工具は、その高い生産性と工具寿命の長さから、自動車、航空宇宙、一般機械加工用途など、さまざまな産業でよく使われています。

予測期間中、エレクトロニクス分野のCAGRが最も高くなる見込み

エレクトロニクス分野は、予測期間中に最も速いCAGR成長が見込まれます。精密切削工具は、エレクトロニクス産業の爆発的な成長によって需要が大きく伸びており、これは技術の進歩、家電需要の高まり、スマートデバイスの出現によって後押しされています。これらの機器は、半導体、回路基板、電子部品、その他さまざまな電子機器に使用される複雑な部品の生産に必要とされます。高精度で効率的な特殊切削工具へのニーズは、エレクトロニクス産業が発展と革新を続ける中、今後数年間で最も高い成長を牽引すると予想されます。

最大シェアの地域：

予想される期間中、北米が切削工具の最大市場シェアを占める。同地域の優位性は、特に切削工具を多用する自動車、航空宇宙、エレクトロニクス、石油・ガス分野の産業基盤が強固であることに起因します。また、切削工具の主要メーカーや技術的先駆者の多くが北米に拠点を置いており、これが同市場における同地域の優位性を支えています。品質保証、技術の進歩、厳格な業界標準の遵守を重視するこの地域は、すべて切削工具分野での市場シェア拡大に貢献しています。しかし、市場力学は時間の経過とともに変化する可能性があり、経済・産業動向の変化によっては他の地域も成長してシェアを拡大する可能性があることを念頭に置くことが重要です。

CAGRが最も高い地域：

予測期間中、アジア太平洋地域のCAGRが最も高くなると予測されます。切削工具の需要は、この地域の急速な工業化、製造業の拡大、インフラ開発投資の増加によって牽引されています。自動車、航空宇宙、エレクトロニクス、建設、発電などの産業は、中国、日本、韓国、インド、東南アジア諸国などで大きく拡大しています。アジア太平洋地域における高精度切削工具の需要は、エレクトロニクス製造業の成長、自動車および航空宇宙分野における最先端技術の採用拡大によって促進されています。

無料のカスタマイズサービス：

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企業プロファイル
- 追加市場プレイヤーの包括的プロファイリング（3社まで）
- 主要企業のSWOT分析（3社まで）
地域セグメンテーション
- 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
競合ベンチマーキング
- 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

北米
- 米国
- カナダ
- メキシコ
欧州
- ドイツ
- 英国
- イタリア
- フランス
- スペイン
- その他欧州
アジア太平洋
- 日本
- 中国
- インド
- オーストラリア
- ニュージーランド
- 韓国
- その他アジア太平洋地域
南米
- アルゼンチン
- ブラジル
- チリ
- その他南米
中東・アフリカ
- サウジアラビア
- アラブ首長国連邦
- カタール
- 南アフリカ
- その他中東とアフリカ

第9章主な発展

契約、パートナーシップ、提携、合弁事業
買収と合併
新製品の上市
事業拡大
その他の主要戦略

第10章企業プロファイル

Asahi Diamond Industrial Co.
FRAISA SA
Guhring KG
Hilti Corporation
Hitachi
ICS Cutting Tools Inc.
Ingersoll Cutting Tools
Kennametal Inc. Ltd.
Klein Tools Inc.
Kyocera Corporation
LMT ZCCCT.
Makita Corporation
Mitsubishi Materials Corporation
OSG Corporation
OTTO BAIER GmbH
Robert Bosch GmbH
Sandvik AG
Seco Tools AB
Stanley Black & Decker Inc.

図表

List of Tables

Table 1 Global Cutting Tools Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Cutting Tools Market Outlook, By Tool Type (2021-2030) ($MN)
Table 3 Global Cutting Tools Market Outlook, By Index able Inserts (2021-2030) ($MN)
Table 4 Global Cutting Tools Market Outlook, By Solid round tools (2021-2030) ($MN)
Table 5 Global Cutting Tools Market Outlook, By Other Tool Types (2021-2030) ($MN)
Table 6 Global Cutting Tools Market Outlook, By Material Type (2021-2030) ($MN)
Table 7 Global Cutting Tools Market Outlook, By Cemented Carbide (2021-2030) ($MN)
Table 8 Global Cutting Tools Market Outlook, By High-Speed Steel (2021-2030) ($MN)
Table 9 Global Cutting Tools Market Outlook, By Ceramics (2021-2030) ($MN)
Table 10 Global Cutting Tools Market Outlook, By Stainless steel (2021-2030) ($MN)
Table 11 Global Cutting Tools Market Outlook, By Polycrystalline Diamond (2021-2030) ($MN)
Table 12 Global Cutting Tools Market Outlook, By Cubic Boron Nitride (2021-2030) ($MN)
Table 13 Global Cutting Tools Market Outlook, By Exotic materials (2021-2030) ($MN)
Table 14 Global Cutting Tools Market Outlook, By Other Material Types (2021-2030) ($MN)
Table 15 Global Cutting Tools Market Outlook, By Application (2021-2030) ($MN)
Table 16 Global Cutting Tools Market Outlook, By Automotive (2021-2030) ($MN)
Table 17 Global Cutting Tools Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 18 Global Cutting Tools Market Outlook, By Construction (2021-2030) ($MN)
Table 19 Global Cutting Tools Market Outlook, By Electronics (2021-2030) ($MN)
Table 20 Global Cutting Tools Market Outlook, By Oil & Gas (2021-2030) ($MN)
Table 21 Global Cutting Tools Market Outlook, By Power Generation (2021-2030) ($MN)
Table 22 Global Cutting Tools Market Outlook, By Wood (2021-2030) ($MN)
Table 23 Global Cutting Tools Market Outlook, By Die and Mold (2021-2030) ($MN)
Table 24 Global Cutting Tools Market Outlook, By Other Applications (2021-2030) ($MN)
Table 25 North America Cutting Tools Market Outlook, By Country (2021-2030) ($MN)
Table 26 North America Cutting Tools Market Outlook, By Tool Type (2021-2030) ($MN)
Table 27 North America Cutting Tools Market Outlook, By Index able Inserts (2021-2030) ($MN)
Table 28 North America Cutting Tools Market Outlook, By Solid round tools (2021-2030) ($MN)
Table 29 North America Cutting Tools Market Outlook, By Other Tool Types (2021-2030) ($MN)
Table 30 North America Cutting Tools Market Outlook, By Material Type (2021-2030) ($MN)
Table 31 North America Cutting Tools Market Outlook, By Cemented Carbide (2021-2030) ($MN)
Table 32 North America Cutting Tools Market Outlook, By High-Speed Steel (2021-2030) ($MN)
Table 33 North America Cutting Tools Market Outlook, By Ceramics (2021-2030) ($MN)
Table 34 North America Cutting Tools Market Outlook, By Stainless steel (2021-2030) ($MN)
Table 35 North America Cutting Tools Market Outlook, By Polycrystalline Diamond (2021-2030) ($MN)
Table 36 North America Cutting Tools Market Outlook, By Cubic Boron Nitride (2021-2030) ($MN)
Table 37 North America Cutting Tools Market Outlook, By Exotic materials (2021-2030) ($MN)
Table 38 North America Cutting Tools Market Outlook, By Other Material Types (2021-2030) ($MN)
Table 39 North America Cutting Tools Market Outlook, By Application (2021-2030) ($MN)
Table 40 North America Cutting Tools Market Outlook, By Automotive (2021-2030) ($MN)
Table 41 North America Cutting Tools Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 42 North America Cutting Tools Market Outlook, By Construction (2021-2030) ($MN)
Table 43 North America Cutting Tools Market Outlook, By Electronics (2021-2030) ($MN)
Table 44 North America Cutting Tools Market Outlook, By Oil & Gas (2021-2030) ($MN)
Table 45 North America Cutting Tools Market Outlook, By Power Generation (2021-2030) ($MN)
Table 46 North America Cutting Tools Market Outlook, By Wood (2021-2030) ($MN)
Table 47 North America Cutting Tools Market Outlook, By Die and Mold (2021-2030) ($MN)
Table 48 North America Cutting Tools Market Outlook, By Other Applications (2021-2030) ($MN)
Table 49 Europe Cutting Tools Market Outlook, By Country (2021-2030) ($MN)
Table 50 Europe Cutting Tools Market Outlook, By Tool Type (2021-2030) ($MN)
Table 51 Europe Cutting Tools Market Outlook, By Index able Inserts (2021-2030) ($MN)
Table 52 Europe Cutting Tools Market Outlook, By Solid round tools (2021-2030) ($MN)
Table 53 Europe Cutting Tools Market Outlook, By Other Tool Types (2021-2030) ($MN)
Table 54 Europe Cutting Tools Market Outlook, By Material Type (2021-2030) ($MN)
Table 55 Europe Cutting Tools Market Outlook, By Cemented Carbide (2021-2030) ($MN)
Table 56 Europe Cutting Tools Market Outlook, By High-Speed Steel (2021-2030) ($MN)
Table 57 Europe Cutting Tools Market Outlook, By Ceramics (2021-2030) ($MN)
Table 58 Europe Cutting Tools Market Outlook, By Stainless steel (2021-2030) ($MN)
Table 59 Europe Cutting Tools Market Outlook, By Polycrystalline Diamond (2021-2030) ($MN)
Table 60 Europe Cutting Tools Market Outlook, By Cubic Boron Nitride (2021-2030) ($MN)
Table 61 Europe Cutting Tools Market Outlook, By Exotic materials (2021-2030) ($MN)
Table 62 Europe Cutting Tools Market Outlook, By Other Material Types (2021-2030) ($MN)
Table 63 Europe Cutting Tools Market Outlook, By Application (2021-2030) ($MN)
Table 64 Europe Cutting Tools Market Outlook, By Automotive (2021-2030) ($MN)
Table 65 Europe Cutting Tools Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 66 Europe Cutting Tools Market Outlook, By Construction (2021-2030) ($MN)
Table 67 Europe Cutting Tools Market Outlook, By Electronics (2021-2030) ($MN)
Table 68 Europe Cutting Tools Market Outlook, By Oil & Gas (2021-2030) ($MN)
Table 69 Europe Cutting Tools Market Outlook, By Power Generation (2021-2030) ($MN)
Table 70 Europe Cutting Tools Market Outlook, By Wood (2021-2030) ($MN)
Table 71 Europe Cutting Tools Market Outlook, By Die and Mold (2021-2030) ($MN)
Table 72 Europe Cutting Tools Market Outlook, By Other Applications (2021-2030) ($MN)
Table 73 Asia Pacific Cutting Tools Market Outlook, By Country (2021-2030) ($MN)
Table 74 Asia Pacific Cutting Tools Market Outlook, By Tool Type (2021-2030) ($MN)
Table 75 Asia Pacific Cutting Tools Market Outlook, By Index able Inserts (2021-2030) ($MN)
Table 76 Asia Pacific Cutting Tools Market Outlook, By Solid round tools (2021-2030) ($MN)
Table 77 Asia Pacific Cutting Tools Market Outlook, By Other Tool Types (2021-2030) ($MN)
Table 78 Asia Pacific Cutting Tools Market Outlook, By Material Type (2021-2030) ($MN)
Table 79 Asia Pacific Cutting Tools Market Outlook, By Cemented Carbide (2021-2030) ($MN)
Table 80 Asia Pacific Cutting Tools Market Outlook, By High-Speed Steel (2021-2030) ($MN)
Table 81 Asia Pacific Cutting Tools Market Outlook, By Ceramics (2021-2030) ($MN)
Table 82 Asia Pacific Cutting Tools Market Outlook, By Stainless steel (2021-2030) ($MN)
Table 83 Asia Pacific Cutting Tools Market Outlook, By Polycrystalline Diamond (2021-2030) ($MN)
Table 84 Asia Pacific Cutting Tools Market Outlook, By Cubic Boron Nitride (2021-2030) ($MN)
Table 85 Asia Pacific Cutting Tools Market Outlook, By Exotic materials (2021-2030) ($MN)
Table 86 Asia Pacific Cutting Tools Market Outlook, By Other Material Types (2021-2030) ($MN)
Table 87 Asia Pacific Cutting Tools Market Outlook, By Application (2021-2030) ($MN)
Table 88 Asia Pacific Cutting Tools Market Outlook, By Automotive (2021-2030) ($MN)
Table 89 Asia Pacific Cutting Tools Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 90 Asia Pacific Cutting Tools Market Outlook, By Construction (2021-2030) ($MN)
Table 91 Asia Pacific Cutting Tools Market Outlook, By Electronics (2021-2030) ($MN)
Table 92 Asia Pacific Cutting Tools Market Outlook, By Oil & Gas (2021-2030) ($MN)
Table 93 Asia Pacific Cutting Tools Market Outlook, By Power Generation (2021-2030) ($MN)
Table 94 Asia Pacific Cutting Tools Market Outlook, By Wood (2021-2030) ($MN)
Table 95 Asia Pacific Cutting Tools Market Outlook, By Die and Mold (2021-2030) ($MN)
Table 96 Asia Pacific Cutting Tools Market Outlook, By Other Applications (2021-2030) ($MN)
Table 97 South America Cutting Tools Market Outlook, By Country (2021-2030) ($MN)
Table 98 South America Cutting Tools Market Outlook, By Tool Type (2021-2030) ($MN)
Table 99 South America Cutting Tools Market Outlook, By Index able Inserts (2021-2030) ($MN)
Table 100 South America Cutting Tools Market Outlook, By Solid round tools (2021-2030) ($MN)
Table 101 South America Cutting Tools Market Outlook, By Other Tool Types (2021-2030) ($MN)
Table 102 South America Cutting Tools Market Outlook, By Material Type (2021-2030) ($MN)
Table 103 South America Cutting Tools Market Outlook, By Cemented Carbide (2021-2030) ($MN)
Table 104 South America Cutting Tools Market Outlook, By High-Speed Steel (2021-2030) ($MN)
Table 105 South America Cutting Tools Market Outlook, By Ceramics (2021-2030) ($MN)
Table 106 South America Cutting Tools Market Outlook, By Stainless steel (2021-2030) ($MN)
Table 107 South America Cutting Tools Market Outlook, By Polycrystalline Diamond (2021-2030) ($MN)
Table 108 South America Cutting Tools Market Outlook, By Cubic Boron Nitride (2021-2030) ($MN)
Table 109 South America Cutting Tools Market Outlook, By Exotic materials (2021-2030) ($MN)
Table 110 South America Cutting Tools Market Outlook, By Other Material Types (2021-2030) ($MN)
Table 111 South America Cutting Tools Market Outlook, By Application (2021-2030) ($MN)
Table 112 South America Cutting Tools Market Outlook, By Automotive (2021-2030) ($MN)
Table 113 South America Cutting Tools Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 114 South America Cutting Tools Market Outlook, By Construction (2021-2030) ($MN)
Table 115 South America Cutting Tools Market Outlook, By Electronics (2021-2030) ($MN)
Table 116 South America Cutting Tools Market Outlook, By Oil & Gas (2021-2030) ($MN)
Table 117 South America Cutting Tools Market Outlook, By Power Generation (2021-2030) ($MN)
Table 118 South America Cutting Tools Market Outlook, By Wood (2021-2030) ($MN)
Table 119 South America Cutting Tools Market Outlook, By Die and Mold (2021-2030) ($MN)
Table 120 South America Cutting Tools Market Outlook, By Other Applications (2021-2030) ($MN)
Table 121 Middle East & Africa Cutting Tools Market Outlook, By Country (2021-2030) ($MN)
Table 122 Middle East & Africa Cutting Tools Market Outlook, By Tool Type (2021-2030) ($MN)
Table 123 Middle East & Africa Cutting Tools Market Outlook, By Index able Inserts (2021-2030) ($MN)
Table 124 Middle East & Africa Cutting Tools Market Outlook, By Solid round tools (2021-2030) ($MN)
Table 125 Middle East & Africa Cutting Tools Market Outlook, By Other Tool Types (2021-2030) ($MN)
Table 126 Middle East & Africa Cutting Tools Market Outlook, By Material Type (2021-2030) ($MN)
Table 127 Middle East & Africa Cutting Tools Market Outlook, By Cemented Carbide (2021-2030) ($MN)
Table 128 Middle East & Africa Cutting Tools Market Outlook, By High-Speed Steel (2021-2030) ($MN)
Table 129 Middle East & Africa Cutting Tools Market Outlook, By Ceramics (2021-2030) ($MN)
Table 130 Middle East & Africa Cutting Tools Market Outlook, By Stainless steel (2021-2030) ($MN)
Table 131 Middle East & Africa Cutting Tools Market Outlook, By Polycrystalline Diamond (2021-2030) ($MN)
Table 132 Middle East & Africa Cutting Tools Market Outlook, By Cubic Boron Nitride (2021-2030) ($MN)
Table 133 Middle East & Africa Cutting Tools Market Outlook, By Exotic materials (2021-2030) ($MN)
Table 134 Middle East & Africa Cutting Tools Market Outlook, By Other Material Types (2021-2030) ($MN)
Table 135 Middle East & Africa Cutting Tools Market Outlook, By Application (2021-2030) ($MN)
Table 136 Middle East & Africa Cutting Tools Market Outlook, By Automotive (2021-2030) ($MN)
Table 137 Middle East & Africa Cutting Tools Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
Table 138 Middle East & Africa Cutting Tools Market Outlook, By Construction (2021-2030) ($MN)
Table 139 Middle East & Africa Cutting Tools Market Outlook, By Electronics (2021-2030) ($MN)
Table 140 Middle East & Africa Cutting Tools Market Outlook, By Oil & Gas (2021-2030) ($MN)
Table 141 Middle East & Africa Cutting Tools Market Outlook, By Power Generation (2021-2030) ($MN)
Table 142 Middle East & Africa Cutting Tools Market Outlook, By Wood (2021-2030) ($MN)
Table 143 Middle East & Africa Cutting Tools Market Outlook, By Die and Mold (2021-2030) ($MN)
Table 144 Middle East & Africa Cutting Tools Market Outlook, By Other Applications (2021-2030) ($MN)

Product Code: SMRC23612

According to Stratistics MRC, the Global Cutting Tools Market is accounted for $20.34 billion in 2023 and is expected to reach $35.31 billion by 2030 growing at a CAGR of 8.2% during the forecast period. Metal, wood, plastic, and other materials are all shaped by cutting tools. These portable or piston-powered devices have uses in a variety of industries. Cutting tools include saws, drills, reamers, taps, end mills, lathe tools, milling cutters, and grinding wheels. The cutting tool is determined by the material, finish, and precision. With the development of new technologies and materials, cutting tools have also advanced in sophistication, tensile strength, and effectiveness.

According to the tool geometry, the cutting tools can be classified into solid cutting tools and carbide tipped tools.

Market Dynamics:

Driver:

Growing manufacturing and industrial sector

The demand for cutting tools has significantly increased as a result of the expansion of numerous industries, including the automotive, aerospace, building, and electronics sectors. The machining of engine parts, body parts, and precision parts for electric vehicles depends heavily on cutting tools. Cutting tools are used in the aerospace industry to produce crucial parts like turbine blades and structural elements. Cutting tools are also necessary for shaping and cutting materials like metal, wood, and concrete in the construction sector. Additionally, the precision machining of circuit boards and semiconductor components in the electronics industry depends on cutting tools. The general demand for cutting tools is driven by the ongoing growth of these industries, propelling market expansion.

Restraint:

High initial costs and operating expenses

Significant initial investments in machinery, tooling equipment, and skilled labor are necessary for the cutting tool market. For small and medium-sized enterprises (SMEs) or businesses with tight budgets, high-quality cutting tools are frequently prohibitively expensive. However, the overall cost of machining operations can also be increased by operating costs like tool maintenance, tool replacement, and regrinding charges.

Opportunity:

Innovations in industry 4.0 and smart manufacturing

Cutting tool manufacturers have a lot of opportunities thanks to the fusion of Industry 4.0 technologies like the Internet of Things (IoT), artificial intelligence (AI), and data analytics. Predictive maintenance and optimal tool usage are made possible by smart manufacturing systems that enable real-time monitoring of cutting tool performance and conditions. Additionally, manufacturers can extend tool life, increase machining effectiveness, and decrease downtime by utilizing data-driven insights, which will ultimately result in cost savings and higher productivity.

Threat:

Economic uncertainties and volatility

Economic turbulence and uncertainty have an impact on the cutting tool market. Geopolitical tensions, economic crises, and downturns in the stock market can all have an effect on business operations and manufacturing investment. Businesses may decide to postpone or reduce their purchases of machinery and cutting tools during these times, which could have an impact on the overall demand for cutting tools. Furthermore, international trade and supply chains may be disrupted by changes in trade policies and currency values, which worsen the already precarious state of the market.

COVID-19 Impact:

Cutting tool sales were significantly impacted by the COVID-19 pandemic, which also resulted in supply chain disruptions from factory closures and logistical difficulties. Fluctuating demand across a number of industries had an impact on cutting tool sales overall, particularly in industries like automotive, aerospace, and construction that saw a decline in activity. However, the pandemic hastened the adoption of digital technologies like e-commerce and remote assistance, enabling cutting tool manufacturers to better connect with clients and offer assistance during the crisis. A further opportunity for cutting tool companies to innovate and create high-performance, environmentally friendly tooling solutions is provided by the post-pandemic focus on sustainable and affordable manufacturing.

The Cemented carbide segment is expected to be the largest during the forecast period

The Cemented carbide segment is expected to be the largest share during the forecast period, due to its excellent balance of hardness, wear resistance, and toughness, cemented carbide, also known as hard metal or tungsten carbide, is a common material used in the production of cutting tools. In addition to turning, milling, drilling, and cutting metals, alloys, and other materials, it is frequently used in many different cutting operations. Cemented carbide tools are a popular choice for a variety of industries, including automotive, aerospace, and general machining applications, due to their high productivity and prolonged tool life.

The Electronics segment is expected to have the highest CAGR during the forecast period

The Electronics segment is anticipated to witness the fastest CAGR growth during the forecast period. Precision cutting tools are greatly in demand as a result of the electronics industry's explosive growth, which has been fueled by technological advancements, rising consumer electronics demand, and the emergence of smart devices. These pieces of equipment are required for the production of semiconductors, circuit boards, electronic components, and other intricate parts used in a variety of electronic devices. The need for specialized cutting tools with high accuracy and efficiency is anticipated to drive the highest growth in the coming years as the electronics industry continues to develop and innovate.

Region with largest share:

During the anticipated period, North America will hold the largest market share for cutting tools. The region's dominance can be attributed to its strong industrial base, particularly in the cutting-tool-heavy automotive, aerospace, electronics, and oil and gas sectors. Additionally, a number of significant cutting tool producers and technological pioneers are based in North America, which supports the region's dominant position in the market. The region's emphasis on quality assurance, technological advancements, and adherence to stringent industry standards all help to increase its market share in the cutting tool sector. It's important to keep in mind, though, that market dynamics can change over time and that, depending on shifting economic and industrial trends, other regions might also grow and gain market share.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period. The demand for cutting tools is being driven by the area's quick industrialization, expanding manufacturing sector, and rising infrastructure development investments. Industries like automotive, aerospace, electronics, construction, and power generation are expanding significantly in nations like China, Japan, South Korea, India, and Southeast Asian countries. The demand for high-precision cutting tools in the Asia-Pacific region is being fueled by the growth of the electronics manufacturing industry as well as the expanding adoption of cutting-edge technologies in the automotive and aerospace sectors.

Key players in the market:

Some of the key players in Cutting Tools market include: Asahi Diamond Industrial Co., FRAISA SA, Guhring KG, Hilti Corporation, Hitachi, ICS Cutting Tools Inc., Ingersoll Cutting Tools, Kennametal Inc. Ltd., Klein Tools Inc., Kyocera Corporation, LMT ZCCCT., Makita Corporation, Mitsubishi Materials Corporation, OSG Corporation, OTTO BAIER GmbH, Robert Bosch GmbH, Sandvik AG, Seco Tools AB and Stanley Black & Decker Inc.

Key Developments:

In May 2022, Sandvik AB, a crucial manufacturer of metal cutting tools, acquired Preziss, a prominent player in the composite machine and aluminum sector.

In March 2022, the launch of CoroDrill 860 PM was announced by Sandvik Coromant. The novel cutting tool provides ace drilling operation experience and durable and sustainable tool maintenance experience.

Tool Types Covered:

Index able Inserts
Solid round tools
Other Tool Types

Material Types Covered:

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

Applications Covered:

Automotive
Aerospace & Defense
Construction
Electronics
Oil & Gas
Power Generation
Wood
Die and Mold
Other Applications

Regions Covered:

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Chile
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa

What our report offers:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Cutting Tools Market, By Tool Type

5.1 Introduction
5.2 Index able Inserts
5.3 Solid round tools
5.4 Other Tool Types

6 Global Cutting Tools Market, By Material Type

6.1 Introduction
6.2 Cemented Carbide
6.3 High-Speed Steel
6.4 Ceramics
6.5 Stainless steel
6.6 Polycrystalline Diamond
6.7 Cubic Boron Nitride
6.8 Exotic materials
6.9 Other Material Types

7 Global Cutting Tools Market, By Application

7.1 Introduction
7.2 Automotive
7.3 Aerospace & Defense
7.4 Construction
7.5 Electronics
7.6 Oil & Gas
7.7 Power Generation
7.8 Wood
7.9 Die and Mold
7.10 Other Applications

8 Global Cutting Tools Market, By Geography

8.1 Introduction
8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa

9 Key Developments

9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling

10.1 Asahi Diamond Industrial Co.
10.2 FRAISA SA
10.3 Guhring KG
10.4 Hilti Corporation
10.5 Hitachi
10.6 ICS Cutting Tools Inc.
10.7 Ingersoll Cutting Tools
10.8 Kennametal Inc. Ltd.
10.9 Klein Tools Inc.
10.10 Kyocera Corporation
10.11 LMT ZCCCT.
10.12 Makita Corporation
10.13 Mitsubishi Materials Corporation
10.14 OSG Corporation
10.15 OTTO BAIER GmbH
10.16 Robert Bosch GmbH
10.17 Sandvik AG
10.18 Seco Tools AB
10.19 Stanley Black & Decker Inc.