Cutting Tools Volume 1 - Executive Summary - Global Industry Overview, Analysis & Forecasts

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	Market Research Report Cutting Tools Volume 1 - Executive Summary - Global Industry Overview, Analysis & Forecasts
Published by	Dedalus Consulting, Inc.			Product code	810787
Published	June 1, 2020	Content info	Delivery time: Inquiry
Price	Please contact us using the inquiry form for pricing information.

Description

With over 15 years experience in the cutting tools industry, Dedalus Consulting's intelligence coverage offers the most comprehensive data and analysis available. Our four (4) volume published research report is in its 8th Edition, and our new Ulysses™ data service builds on that history of accumulated knowledge.

The 2019 cutting tools report provides quantitative data and qualitative analysis on the global cutting tools market by country, end-user industry, distribution channels, tool type, application, workpiece material, grade, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.

Data and analysis is available for the years 2017 to 2023. The Ulysses™ database contains market data for the years 2004-2023.

Table of Contents

Summary of Report Contents

The Cutting Tools Published Research Report is divided into four (4) volumes according to subject: market/technology overview, product/application market analysis, end-user industry/country analysis, and competitive environment. Each volume is divided into convenient sections according to breakdown criteria.

Research Objectives

The primary objectives in this analysis are:

To provide clients with the tools they need to accurately assess their market opportunities and potential;
To determine the size of the total market opportunity by cutting tool product types, end-user industry, workpiece materials, and grade by country;
To forecast future growth in each product by geographic and end-use market; and
To assess the competitive environment within the market including supplier sales, market share, and producer profiles.

Methodology & Sources

Dedalus Consulting employs all current market and competitive intelligence techniques in order to ensure comprehensive research and analysis. The research methodology applies generally to all database services, published and custom research. It can also be modified to suit a project and the client's specific objectives.

Steps in our research methodology include:

Identification of Report/Client Objectives
Research program Development
Secondary Data Collection
Primary Data Collection/Interviews
Quantitative & Qualitative Analysis
Data Tabular Presentation, Visualization & Design

Product Types and Subtypes Covered

Milling Tools

End/Face Milling
Slotting/Slitting
Plunge Milling
Contouring
Profiling
Threading
Micromachining
Other

Turning Tools

ISO Turning
Parting/Grooving
Threading
Profiling
Micromachining
Other

Drilling Tools

Standard Depth Drilling
Deep Hole Drilling
Threading
Micromachining
Interchangeable Tip
Other

Other Cutting Tools

Reamers
Taps
Dies
Burrs
Other

Tool Types

Indexable Inserts
Solid Cutting Tools

Cutting Tool Grades

Cemented (Tungsten) Carbides
High-Speed Steel (HSS)
Ceramics
Cermets
cBN/PcBN
Diamond Tools

Workpiece Materials

Cast Irons
Carbon Steels
Stainless Steels
High-Temperature/Super Alloys
Hardened Materials
Non-Ferrous Metals
Non-Metallics

Geographic Coverage

Brazil
China
CIS
France
Germany
India
Italy
Japan
Korea (South)
Russia
Spain
Switzerland
Taiwan
United Kingdom
United States
Other Asia/Pacific
Other EU
Other Europe
Other Latin America
Other NAFTA
Rest of World

End-User Industries

Aerospace
Automotive
Chemical Processing
Communications
Consumer
Construction
Defense/Military
Die & Mold
Electronics
General Machining
Job Shops
Medical/Research
Oil, Gas & Mining
Paper & Pulp Industry
Power Generation (e.g., renewables, nuclear)
Transportation (e.g., railroads, shipbuilding, infrastructure)
Other

Applications Covered

Polishing/Lapping
Finishing/Deburring
Stock Removal
Grinding
Contouring
Planing
Sharpening
Boring
Other

Timeframe

Published Research
- 2018 base year
- 2019 estimated
- Forecasts: 2018-2023
Ulysses™ Data Subscription Service *
- Standard Package: 2017-2023
- Advanced Package: 2017-2023
- Premium Package: 2004-2023

* Note: Historical (pre-2017) datasets are only available through the Ulysses™ Data Subscription Service and vary according to package types. For package and license comparisons, scroll to the bottom of this page.

Volume 1: Executive Summary

The Executive Summary provides a detailed overview of the cutting tools industry for when you only need top-level data and analysis. It provides summary tables in value of consumption by major product types, countries, and end-user industries. It also gives general market trends and factors affecting demand on the summary level.

Section 1: Technology Overview

Key Industry Terminology

General Machining Definitions
- Applications
- Tool Grade
- Workpiece Material
Product Type Definitions
- Solid Cutting Tools
- Indexable Inserts
- Geometry
- Shapes/Angles
Application Tool Types Defined
- Milling Tools
- Turning Tools
- Drilling Tools
- Other Tools (e.g., reamers, burrs, etc.)
- Micromachining Tools
Machining Methods
- Quick-Change Tooling
- Modular Tooling
- High-Speed Machining
- Coolant Based Machining
- Dry Machining

Cutting Tool Selection

Application Definition
Specifications
Workpiece Material Evaluation

Advances in General Machining Processes

Cutting Tool versus Machine Tool Development
Advances and Developments in Machining Techniques
Machine Tool Design and Productivity
Alternative Machining Methods & Disruptive Technologies
- Grinding/Abrasive Techniques
- Machining Centers
- Horizontal/Vertical Machining
- Multi-axis machining
- EDM (Electro-Discharge Machining)
- ECM (Electro-Chemical Machining)
- Laser Machining
- Additive Manufacturing
Knowledge Gap: Education on Tool Selection and Machine Capability
Educating the Next Generation of Machinists
Specialization and Customization Continue to Grow
Impact of Advances in Cutting Tool Grade Technology
Impact of Advances in Workpiece Material
Impact on Tooling and Productivity

Coatings Overview

What is a coating?
Coatings Processes
- CVD (Chemical Vapor Deposition)
- PVD (Physical Vapor Deposition)
Ceramic Coatings
- TiN, TiCN, TiC, TiCN, TiAlN
- TiAL Black and gold developments
Nanostructured Materials Coatings
Diamond Coatings
Diamond-like-carbon (DLC) Developments
Advances in Coatings Technology

International Standards

ANSI Standards
ISO (International Standards Organization) Standards
JIS, AFNOR, BSI, DIN, UNI, SACS and CAM
Meeting international standards
Impact of low quality products on the market

Technology Outlook

Cutting Tool Technology on the Horizon
Challenges and Advances in Materials Science
- Nanostructured Materials
- Ultrafine Grain (Micrograin) Carbides
- Ceramics Evolution
Increasing Productivity with New Designs

Section 2: Market Overview

Global Cutting Tools Market Overview

Total Demand by Country for Cutting Tools ($MM): 2017-2023
Trends & Forecasts in Cutting Tool Consumption
Factors Affecting Cutting Tool Demand
Global Industry Trends
World Machining Industry by Product Type ($MM): 2017-2023
Machine Tools Industry Overview
Global Demand ($MM) for Machine Tools by Region and Type: 2017-2023
Trends & Forecasts

Industry Trends & Forecasts

Cycles of Growth and Decline
High-growth Markets (CAGR by Year)
Cutting Tool Producer Strategies in Reducing Costs
Machine Shop Strategies in Reducing Costs
Offsetting Increasing Labor Costs
Reduction of Energy Costs
Machine Tool Selection
Impacts of Just-In-Time Practices
Economics of Machining
Economics of High-Speed Machining
Economic Benefits of Dry Machining

Supply Chain Analysis

Raw Materials
- Tungsten
- Cobalt
- Tantalum
- High-speed steel
- Ceramics
- Aluminum oxide
- Silicon carbide
- Cubic Boron Nitride (CBN)
- PCD Diamond
Blanks
Coatings

Relevant Legislation

Government Oversight & Associations
Environmental Impact
Waste Removal
Coolant Use and Disposal
Work Environment and Safety

Regional Market Data and Analysis

Global Demand ($MM) for Cutting Tools by Region: 2017-2023
Regional Trends
High growth markets in a slow global economy
Developing Nations versus Mature Economies
Manufacturing Trends by Country

Distribution Channels

Global Demand ($MM) by Distribution Channel: 2017-2023
Distribution Channels Defined
- Direct to the End-User
- Private Labelling
- Distributors (international, national regional, local)
- Manufacturer's Representatives
- Catalog Houses
- Online Channels & Mass Merchandisers
- Value Added Resellers
Private Labelling: How This Significant Industry Affects Competition and Brand Name Recognition
Multi-Tier Distribution Model: How it Affects Cost to the End-User
Channel Mark-ups Explained

Pricing

Average Selling Price by Product Type
End-User Industry Pricing Analysis
Pricing Trends by Country

Cutting Tool Grade Trends

Product Grade Overview
Global Demand ($MM) for Cutting Tools by Grade: 2017-2023
Cutting Tool Grades
- Carbide Tools
- Ceramic Tools
- Advantages of Ceramic Tools
- Solid Ceramic Tools, Alumina
- SiC (silicon carbide), SiN (silicon nitride)
- SiC Whisker Reinforced Tools
- CMC (ceramic matrix composites)
- Cermet Tools
- CBN/PCBN Tools
- Diamond Tools
General Conclusions

Tool Type

Global Demand ($MM) for Cutting Tools by Application Product Type - Milling, Turning, Drilling & Other: 2017-2023
Global Demand ($MM) for Cutting Tools by Type - Solid versus Indexable Tooling: 2017-2023
- Advances in Insert Design and Application
- Trends in Solid versus Indexable Tooling

Workpiece Material

Global Demand ($MM) for Cutting Tools by Workpiece Material: 2017-2023
End-User Trends by Workpiece Material
Machining Non-Metallic Materials
- Plastics
- Carbon Fiber Reinforced Plastics (CFRPs)
- Ceramic Composites

End-User Analysis

Global Demand for Cutting Tools ($MM) by End-User Industry: 2017-2023
Statistics & Overall Market Data
Forecasts and Predictions: 2020 and Beyond
High growth markets in a diverse global economy
Key Sectors by Country and Region
Factors Affecting End-User Demand
Analysis of Criteria for End-User Product Selection
End-User Trends by Workpiece Material
Key End-Users by Industry

Competitive Environment

This section looks at the general competitive factors in the global cutting tools industry. For a more in-depth look at the competitive landscape, see Volume 4 - Competitive Environment: Analysis and Producer Profiles

Competitive Market Factors (e.g., pricing, product development...)
Major Supplier Sales and Market Share ($MM): 2017-2018
Marketing Strategies
Competitive Landscape Moving Forward

LIST OF TABLES

Section Two: Market Overview

Table ES.1: Global Cutting Tool Consumption by Country ($MM): 2017-2023
Table ES.2: Global Cutting Tool Consumption by Country (%): 2017-2023
Table ES.3: Global Cutting Tool Consumption Year-over-Year Growth by Country (%): 2017-2023
Table ES.4: Global Cutting Tool Consumption by Distribution Channel (%): 2017-2023
Table ES.4A: Global Cutting Tool Consumption by Average Channel Markup (%): 2017-2023
Table ES.5: Global Cutting Tool Consumption by Type Industry ($MM): 2017-2023
Table ES.6: Global Cutting Tool Consumption by Type Industry (%): 2017-2023
Table ES.7: Global Cutting Tool Consumption Year-over-Year Growth by Type (%): 2017-2023
Table ES.8: Global Cutting Tool Consumption by Type - Indexable, Solid ($MM): 2017-2023
Table ES.9: Global Cutting Tool Consumption by Type - Indexable, Solid ($MM): 2017-2023
Table ES.10: Global Cutting Tool Consumption Year-over-Year Growth by Type - Indexable, Solid (%): 2017-2023
Table ES.11: Global Cutting Tool Consumption by Grade ($MM): 2017-2023
Table ES.12: Global Cutting Tool Consumption by Grade (%): 2017-2023
Table ES.13: Global Cutting Tool Consumption Year-over-Year Growth by Grade (%): 2017-2023
Table ES.14: Global Cutting Tool Consumption by Workpiece Materials ($MM): 2017-2023
Table ES.15: Global Cutting Tool Consumption by Workpiece Materials (%): 2017-2023
Table ES.16: Global Cutting Tool Consumption Year-over-Year Growth by Workpiece Materials (%): 2017-2023
Table ES.17: Global Cutting Tool Consumption by End-User Industry ($MM): 2017-2023
Table ES.18: Global Cutting Tool Consumption by End-User Industry (%): 2017-2023
Table ES.19: Global Cutting Tool Consumption Year-over-Year Growth by End-User (%): 2017-2023
Table ES.20: Global Cutting Tool Suppliers by Sales ($MM): 2017-2018
Table ES.21: Suppliers by Market Share (%): 2017-2018
Table ES.22: Cutting Tool Supplier Sales Yr-over-Yr Growth (%): 2017-2018