PUBLISHER: QYResearch | PRODUCT CODE: 1862497
PUBLISHER: QYResearch | PRODUCT CODE: 1862497
The global market for Annular Cutters was estimated to be worth US$ 128 million in 2024 and is forecast to a readjusted size of US$ 173 million by 2031 with a CAGR of 4.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Annular Cutters cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
An annular cutter is form of core drill used to create holes in metal. An annular cutter, named after the annulus shape, cuts only a groove at the periphery of the hole and leaves a solid core or slug at the center.
In 2024, global Annular Cutters production reached approximately 3.75 million units, with an average global market price of around US$ 34 per unit.
Hougen is the largest manufacturer of global annular cutters market, holds a share over 10%, other key players include Milwaukee, Nitto Kohki, and Fein, etc. Asia-pacific is the largest market, occupied for over 40 percent, followed by Europe.
The annular cutter market shows strong global growth potential, driven by the increasing demand for efficient, precise, and time-saving metal cutting solutions across industries such as construction, shipbuilding, automotive, railways, aerospace, oil & gas, and heavy engineering, as annular cutters-designed to remove only the periphery of a hole rather than the entire material-offer faster drilling speeds, reduced power consumption, extended tool life, and cleaner finishes compared to conventional twist drills, making them an indispensable choice for large-diameter and deep-hole drilling applications; rapid industrialization and urban infrastructure development in Asia-Pacific, the Middle East, and Africa are spurring demand for steel structures, pipelines, and machinery, directly boosting the adoption of magnetic drill machines paired with annular cutters, while mature markets in North America and Europe continue to see steady replacement demand and rising usage in renewable energy projects like wind turbines and offshore platforms; technological innovations such as carbide-tipped and coated annular cutters, offering enhanced wear resistance and the ability to cut high-strength alloys, are further expanding the application scope into aerospace-grade metals and advanced engineering materials; the growing focus on operational efficiency, cost reduction, and workplace safety is encouraging industries to shift from traditional drilling methods toward annular cutters, while the aftermarket for resharpening, re-tipping, and replacement cutters provides recurring revenue opportunities for manufacturers and distributors; e-commerce platforms and global distributor networks are also expanding accessibility, especially for small and medium-sized enterprises; despite competition from conventional drilling tools and the need for higher upfront investment, the clear advantages in productivity, precision, and durability strongly position annular cutters as the preferred drilling solution in both industrial and construction sectors, ensuring steady global market expansion and long-term adoption.
This report aims to provide a comprehensive presentation of the global market for Annular Cutters, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Annular Cutters by region & country, by Type, and by Application.
The Annular Cutters market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Annular Cutters.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Annular Cutters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Annular Cutters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Annular Cutters in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.