Metal Cutting Tools Market Size By Tool (Indexable, Solid), By Process (Milling, Drilling, Boring, Turning, Grinding), By Material (Carbide, High-Speed Steel, Stainless Steel, Ceramics), End-Use & Global Forecast Report, 2023-2032

Description

List of Tables

Global Metal Cutting Tools Market is estimated to grow remarkably between 2023 to 2032, owing to the increasing investments in infrastructure and manufacturing across emerging economies such as China and India.

The demand for advanced cutting tools capable of handling complex cutting operations and producing intricate designs will accelerate product use. Moreover, the development of urban infrastructure, including roads, bridges, railways, and buildings, requiring metal components manufactured using cutting tools, will further streamline industry growth.

In February 2022, India contributed over USD 32 billion in capital for railway infrastructure under its National Budget 2022-2023. The positive outlook of several end-use industries, such as automotive, aerospace, construction, and electronics, will also fuel the demand for metal cutting tools.

The top companies in the metal cutting tools industry are focusing on introducing innovative cutting tools with improved precision, durability, and efficiency, along with expanding production capacity. For instance, in January 2022, Okuma Corporation, a metal cutting equipment manufacturer, introduced MA-600HIII Horizontal Machining Center, a new heavy-duty machining that removes residual coolants inside the tool and the spindle. With this, the company aims to strengthen its market position.

The metal cutting tools market is bifurcated based on tool, process, material, end-use, and region.

Based on the process, the drilling segment will garner over USD 4 billion in revenue by 2032. The rising demand for these tools in manufacturing and construction processes has bolstered the need for drilling. Different drilling applications require specific cutting tools tailored to their unique requirements. The strong efforts of manufacturers toward improving specific geometries, coatings, and materials to cater to distinct drilling requirements will augment segment growth.

The metal cutting tools market size from the general machining segment is estimated to grow at a decent CAGR through 2032. Metal cutting tools find widespread usage in general machining applications, such as milling, turning, drilling, and grinding. The increasing adoption of industrial automation, including computer numerical control machining, will drive the demand for metal-cutting tools. In April 2023, Mitsubishi Electric, an automotive firm, announced a partnership with SolidCAM to introduce automation in its manufacturing facilities in India. More strategic moves such as these will drive market growth through 2032.

Regionally, the North America metal cutting tools market will account for over USD 12.5 billion by the end of 2032. The escalating demand from the automotive and aerospace industries in the region will foster product adoption. In March 2023, GE invested nearly USD 450 million in its U.S. manufacturing facility for improved aerospace parts production. The strong presence of companies focusing on replacing or upgrading their existing machinery and equipment to increase productivity and stay competitive in the market is also complementing the industry outlook.

Product Code: 5619

Chapter 1 Methodology & Scope

1.1 Scope & Market definitions
1.2 Methodology & forecast parameters
1.3 COVID-19 impact calculations on the industry forecast
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
1.4 Regional trends
1.5 Data sources
- 1.5.1 Primary
- 1.5.2 Secondary

Chapter 2 Executive Summary

2.1 Metal Cutting Tools Market 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Tool type trends
- 2.1.3 Process trends
- 2.1.4 Material trends
- 2.1.5 End Use trends
- 2.1.6 Regional trends

Chapter 3 Metal Cutting Tools Market Industry Insights

3.1 Industry segmentation
3.2 Industry size and forecast, 2018 - 2032
- 3.2.1 COVID-19 impact on the industry landscape
3.3 Industry ecosystem analysis
- 3.3.1 Profit margin at each stage
- 3.3.2 Value addition at each stage
- 3.3.3 Raw material analysis
  - 3.3.3.1 COVID-19 impact on raw material supply
- 3.3.4 Distributor channel analysis
  - 3.3.4.1 Value chain disruption analysis (COVID-19 impact)
- 3.3.5 Vendor matrix
  - 3.3.5.1 List of key manufacturers
  - 3.3.5.2 List of key distributors
3.4 Innovation & sustainability
- 3.4.1 Patent analysis
- 3.4.2 Technology landscape
  - 3.4.2.1 Innovations in policosanol technology
  - 3.4.2.2 Material and raw material advancement
- 3.4.3 Future trends
3.5 Industry impact forces
- 3.5.1 Growth drivers
  - 3.5.1.1 Growing demand from various end-use industries
  - 3.5.1.2 Technological advancements
  - 3.5.1.3 Emerging economies
- 3.5.2 Industry pitfalls & challenges
  - 3.5.2.1 Fluctuating raw material prices
3.6 Regulatory landscape
- 3.6.1 U.S.
- 3.6.2 Europe
- 3.6.3 Asia
3.7 Growth potential analysis
3.8 Regional price trends
- 3.8.1 Cost structure analysis
- 3.8.2 Price by product
- 3.8.3 COVID-19 impact on pricing
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis
3.12 COVID-19 impact on policosanol demand
3.13 Impact of Russia - Ukraine war on Metal Cutting Tools Market

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Global company market share analysis 2022
4.3 Company market share analysis, by region 2022
- 4.3.1 North America Metal Cutting Tools Market share analysis 2022
- 4.3.2 Europe Metal Cutting Tools Market share analysis 2022
- 4.3.3 Asia Pacific Metal Cutting Tools Market share analysis 2022
- 4.3.4 Latin America Metal Cutting Tools Market share analysis 2022
- 4.3.5 MEA Metal Cutting Tools Market share analysis 2022
4.4 Vendor adoption matrix, 2022
4.5 Top player overview
4.6 Strategy Dashboard

Chapter 5 Metal Cutting Tools Market, By Tool Type

5.1 Metal Cutting Tools Market tool type insights
5.2 Indexable
- 5.2.1 Market estimates and forecast, 2018 - 2032
- 5.2.2 Market estimates and forecast by region, 2018 - 2032
5.3 Solid
- 5.3.1 Market estimates and forecast, 2018 - 2032
- 5.3.2 Market estimates and forecast by region, 2018 - 2032

Chapter 6 Metal Cutting Tools Market, By Process

6.1 Metal Cutting Tools Market by process insights
6.2 Milling
- 6.2.1 Market estimates and forecast, 2018 - 2032
- 6.2.2 Market estimates and forecast by region, 2018 - 2032
6.3 Drilling
- 6.3.1 Market estimates and forecast, 2018 - 2032
- 6.3.2 Market estimates and forecast by region, 2018 - 2032
6.4 Boring
- 6.4.1 Market estimates and forecast, 2018 - 2032
- 6.4.2 Market estimates and forecast by region, 2018 - 2032
6.5 Turning
- 6.5.1 Market estimates and forecast, 2018 - 2032
- 6.5.2 Market estimates and forecast by region, 2018 - 2032
6.6 Grinding
- 6.6.1 Market estimates and forecast, 2018 - 2032
- 6.6.2 Market estimates and forecast by region, 2018 - 2032
6.7 Others
- 6.7.1 Market estimates and forecast, 2018 - 2032
- 6.7.2 Market estimates and forecast by region, 2018 - 2032

Chapter 7 Metal Cutting Tools Market, By material

7.1 Metal Cutting Tools Market by material insights
7.2 Carbide
- 7.2.1 Market estimates and forecast, 2018 - 2032
- 7.2.2 Market estimates and forecast by region, 2018 - 2032
7.3 High-Speed Steel
- 7.3.1 Market estimates and forecast, 2018 - 2032
- 7.3.2 Market estimates and forecast by region, 2018 - 2032
7.4 Stainless steel
- 7.4.1 Market estimates and forecast, 2018 - 2032
- 7.4.2 Market estimates and forecast by region, 2018 - 2032
7.5 Ceramics
- 7.5.1 Market estimates and forecast, 2018 - 2032
- 7.5.2 Market estimates and forecast by region, 2018 - 2032
7.6 Others
- 7.6.1 Market estimates and forecast, 2018 - 2032
- 7.6.2 Market estimates and forecast by region, 2018 - 2032

Chapter 8 Metal Cutting Tools Market, By End-Use

8.1 Metal Cutting Tools Market by End-use insights
8.2 Automotive
- 8.2.1 Market estimates and forecast, 2018 - 2032
- 8.2.2 Market estimates and forecast by region, 2018 - 2032
8.3 Aerospace & Defense
- 8.3.1 Market estimates and forecast, 2018 - 2032
- 8.3.2 Market estimates and forecast by region, 2018 - 2032
8.4 Oil & Gas
- 8.4.1 Market estimates and forecast, 2018 - 2032
- 8.4.2 Market estimates and forecast by region, 2018 - 2032
8.5 General Machining
- 8.5.1 Market estimates and forecast, 2018 - 2032
- 8.5.2 Market estimates and forecast by region, 2018 - 2032
8.6 Medical
- 8.6.1 Market estimates and forecast, 2018 - 2032
- 8.6.2 Market estimates and forecast by region, 2018 - 2032
8.7 Electrical & Electronics
- 8.7.1 Market estimates and forecast, 2018 - 2032
- 8.7.2 Market estimates and forecast by region, 2018 - 2032
8.8 Others
- 8.8.1 Market estimates and forecast, 2018 - 2032
- 8.8.2 Market estimates and forecast by region, 2018 - 2032

Chapter 9 Metal Cutting Tools Market, By Region

9.1 Metal Cutting Tools Market region insights
9.2 North America
- 9.2.1 Market estimates and forecast, 2018 - 2032
- 9.2.2 Market estimates and forecast, by tool type, 2018 - 2032
- 9.2.3 Market estimates and forecast by process, 2018 - 2032
- 9.2.4 Market estimates and forecast by material, 2018 - 2032
- 9.2.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.2.6 U.S.
  - 9.2.6.1 Market estimates and forecast, 2018 - 2032
  - 9.2.6.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.2.6.3 Market estimates and forecast by process, 2018 - 2032
  - 9.2.6.4 Market estimates and forecast by material, 2018 - 2032
  - 9.2.6.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.2.7 Canada
  - 9.2.7.1 Market estimates and forecast, 2018 - 2032
  - 9.2.7.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.2.7.3 Market estimates and forecast by process, 2018 - 2032
  - 9.2.7.4 Market estimates and forecast by material, 2018 - 2032
  - 9.2.7.5 Market estimates and forecast by enduse, 2018 - 2032
9.3 Europe
- 9.3.1 Market estimates and forecast, 2018 - 2032
- 9.3.2 Market estimates and forecast, by tool type, 2018 - 2032
- 9.3.3 Market estimates and forecast by process, 2018 - 2032
- 9.3.4 Market estimates and forecast by material, 2018 - 2032
- 9.3.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.3.6 Germany
  - 9.3.6.1 Market estimates and forecast, 2018 - 2032
  - 9.3.6.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.3.6.3 Market estimates and forecast by process, 2018 - 2032
  - 9.3.6.4 Market estimates and forecast by material, 2018 - 2032
  - 9.3.6.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.3.7 UK
  - 9.3.7.1 Market estimates and forecast, 2018 - 2032
  - 9.3.7.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.3.7.3 Market estimates and forecast by process, 2018 - 2032
  - 9.3.7.4 Market estimates and forecast by material, 2018 - 2032
  - 9.3.7.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.3.8 France
  - 9.3.8.1 Market estimates and forecast, 2018 - 2032
  - 9.3.8.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.3.8.3 Market estimates and forecast by process, 2018 - 2032
  - 9.3.8.4 Market estimates and forecast by material, 2018 - 2032
  - 9.3.8.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.3.9 Spain
  - 9.3.9.1 Market estimates and forecast, 2018 - 2032
  - 9.3.9.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.3.9.3 Market estimates and forecast by process, 2018 - 2032
  - 9.3.9.4 Market estimates and forecast by material, 2018 - 2032
  - 9.3.9.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.3.10 Italy
  - 9.3.10.1 Market estimates and forecast, 2018 - 2032
  - 9.3.10.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.3.10.3 Market estimates and forecast by process, 2018 - 2032
  - 9.3.10.4 Market estimates and forecast by material, 2018 - 2032
  - 9.3.10.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.3.11 Russia
  - 9.3.11.1 Market estimates and forecast, 2018 - 2032
  - 9.3.11.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.3.11.3 Market estimates and forecast by process, 2018 - 2032
  - 9.3.11.4 Market estimates and forecast by material, 2018 - 2032
  - 9.3.11.5 Market estimates and forecast by enduse, 2018 - 2032
9.4 Asia Pacific
- 9.4.1 Market estimates and forecast, 2018 - 2032
- 9.4.2 Market estimates and forecast, by tool type, 2018 - 2032
- 9.4.3 Market estimates and forecast by process, 2018 - 2032
- 9.4.4 Market estimates and forecast by material, 2018 - 2032
- 9.4.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.4.6 China
  - 9.4.6.1 Market estimates and forecast, 2018 - 2032
  - 9.4.6.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.4.6.3 Market estimates and forecast by process, 2018 - 2032
  - 9.4.6.4 Market estimates and forecast by material, 2018 - 2032
  - 9.4.6.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.4.7 India
  - 9.4.7.1 Market estimates and forecast, 2018 - 2032
  - 9.4.7.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.4.7.3 Market estimates and forecast by process, 2018 - 2032
  - 9.4.7.4 Market estimates and forecast by material, 2018 - 2032
  - 9.4.7.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.4.8 Japan
  - 9.4.8.1 Market estimates and forecast, 2018 - 2032
  - 9.4.8.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.4.8.3 Market estimates and forecast by process, 2018 - 2032
  - 9.4.8.4 Market estimates and forecast by material, 2018 - 2032
  - 9.4.8.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.4.9 Australia
  - 9.4.9.1 Market estimates and forecast, 2018 - 2032
  - 9.4.9.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.4.9.3 Market estimates and forecast by process, 2018 - 2032
  - 9.4.9.4 Market estimates and forecast by material, 2018 - 2032
  - 9.4.9.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.4.10 Indonesia
  - 9.4.10.1 Market estimates and forecast, 2018 - 2032
  - 9.4.10.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.4.10.3 Market estimates and forecast by process, 2018 - 2032
  - 9.4.10.4 Market estimates and forecast by material, 2018 - 2032
  - 9.4.10.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.4.11 South Korea
  - 9.4.11.1 Market estimates and forecast, 2018 - 2032
  - 9.4.11.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.4.11.3 Market estimates and forecast by process, 2018 - 2032
  - 9.4.11.4 Market estimates and forecast by material, 2018 - 2032
  - 9.4.11.5 Market estimates and forecast by enduse, 2018 - 2032
9.5 Latin America
- 9.5.1 Market estimates and forecast, 2018 - 2032
- 9.5.2 Market estimates and forecast, by tool type, 2018 - 2032
- 9.5.3 Market estimates and forecast by process, 2018 - 2032
- 9.5.4 Market estimates and forecast by material, 2018 - 2032
- 9.5.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.5.6 Brazil
  - 9.5.6.1 Market estimates and forecast, 2018 - 2032
  - 9.5.6.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.5.6.3 Market estimates and forecast by process, 2018 - 2032
  - 9.5.6.4 Market estimates and forecast by material, 2018 - 2032
  - 9.5.6.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.5.7 Mexico
  - 9.5.7.1 Market estimates and forecast, 2018 - 2032
  - 9.5.7.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.5.7.3 Market estimates and forecast by process, 2018 - 2032
  - 9.5.7.4 Market estimates and forecast by material, 2018 - 2032
  - 9.5.7.5 Market estimates and forecast by enduse, 2018 - 2032
9.6 Middle East & Africa
- 9.6.1 Market estimates and forecast, 2018 - 2032
- 9.6.2 Market estimates and forecast, by tool type, 2018 - 2032
- 9.6.3 Market estimates and forecast by process, 2018 - 2032
- 9.6.4 Market estimates and forecast by material, 2018 - 2032
- 9.6.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.6.6 South Africa
  - 9.6.6.1 Market estimates and forecast, 2018 - 2032
  - 9.6.6.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.6.6.3 Market estimates and forecast by process, 2018 - 2032
  - 9.6.6.4 Market estimates and forecast by material, 2018 - 2032
  - 9.6.6.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.6.7 Saudi Arabia
  - 9.6.7.1 Market estimates and forecast, 2018 - 2032
  - 9.6.7.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.6.7.3 Market estimates and forecast by process, 2018 - 2032
  - 9.6.7.4 Market estimates and forecast by material, 2018 - 2032
  - 9.6.7.5 Market estimates and forecast by enduse, 2018 - 2032
- 9.6.8 UAE
  - 9.6.8.1 Market estimates and forecast, 2018 - 2032
  - 9.6.8.2 Market estimates and forecast, by tool type, 2018 - 2032
  - 9.6.8.3 Market estimates and forecast by process, 2018 - 2032
  - 9.6.8.4 Market estimates and forecast by material, 2018 - 2032
  - 9.6.8.5 Market estimates and forecast by enduse, 2018 - 2032

Chapter 10 Company Profiles

10.1 Towajapan
- 10.1.1 Business Overview
- 10.1.2 Financial Data
- 10.1.3 Product Landscape
- 10.1.4 Strategic Outlook
- 10.1.5 SWOT Analysis
10.2 Yamazaki mazak corporation
- 10.2.1 Business Overview
- 10.2.2 Financial Data
- 10.2.3 Product Landscape
- 10.2.4 Strategic Outlook
- 10.2.5 SWOT Analysis
10.3 sandvik AB
- 10.3.1 Business Overview
- 10.3.2 Financial Data
- 10.3.3 Product Landscape
- 10.3.4 Strategic Outlook
- 10.3.5 SWOT Analysis
10.4 Okuma corporation
- 10.4.1 Business Overview
- 10.4.2 Financial Data
- 10.4.3 Product Landscape
- 10.4.4 Strategic Outlook
- 10.4.5 SWOT Analysis
10.5 Hyundai wai corp.
- 10.5.1 Business Overview
- 10.5.2 Financial Data
- 10.5.3 Product Landscape
- 10.5.4 Strategic Outlook
- 10.5.5 SWOT Analysis
10.6 Doosan corp
- 10.6.1 Business Overview
- 10.6.2 Financial Data
- 10.6.3 Product Landscape
- 10.6.4 Strategic Outlook
- 10.6.5 SWOT Analysis
10.7 TrumpF
- 10.7.1 Business Overview
- 10.7.2 Financial Data
- 10.7.3 Product Landscape
- 10.7.4 Strategic Outlook
- 10.7.5 SWOT Analysis
10.8 Amada co.ltd
- 10.8.1 Business Overview
- 10.8.2 Financial Data
- 10.8.3 Product Landscape
- 10.8.4 Strategic Outlook
- 10.8.5 SWOT Analysis
10.9 JTEKT corporation
- 10.9.1 Business Overview
- 10.9.2 Financial Data
- 10.9.3 Product Landscape
- 10.9.4 Strategic Outlook
- 10.9.5 SWOT Analysis
10.10 Makino
- 10.10.1 Business Overview
- 10.10.2 Financial Data
- 10.10.3 Product Landscape
- 10.10.4 Strategic Outlook
- 10.10.5 SWOT Analysis