PUBLISHER: The Business Research Company | PRODUCT CODE: 1928004
PUBLISHER: The Business Research Company | PRODUCT CODE: 1928004
Metal cutting tools are devices used to remove material from metal workpieces through the process of shear deformation. They are employed to shape metals into various forms and sizes with precision. The two main types of metal cutting tools are single-point tools and multi-point tools, each suited to specific machining tasks.
Metal cutting tools encompass a range of products, including machining centers, lathe machines, boring machines, grinding machines, milling machines, and others. Machining centers, for instance, are versatile CNC tools capable of performing multiple operations such as milling, boring, drilling, tapping, and reaming without repositioning the workpiece. These tools are made from materials such as cemented carbide, ceramics, polycrystalline diamond, cubic boron nitride, exotic materials, and others, and are used in various industries such as automotive, aerospace and defense, construction, electronics, power generation, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on metal cutting tools, machine components, and advanced tool materials have increased procurement costs for manufacturers, particularly impacting automotive, aerospace, and electronics sectors in asia-pacific, north america, and europe. Higher import duties on carbide, ceramic inserts, and CNC machine components have affected supply chains and pricing strategies. However, these tariffs have also encouraged domestic manufacturing, local sourcing of cutting tools, and investments in regional production capabilities, supporting long-term market competitiveness.
The metal cutting tools market research report is one of a series of new reports from The Business Research Company that provides metal cutting tools market statistics, including metal cutting tools industry global market size, regional shares, competitors with a metal cutting tools market share, detailed metal cutting tools market segments, market trends and opportunities, and any further data you may need to thrive in the metal cutting tools industry. This metal cutting tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The metal cutting tools market size has grown strongly in recent years. It will grow from $31.66 billion in 2025 to $33.5 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growth of automotive manufacturing, expansion of conventional machining workshops, increasing demand for metal fabrication, adoption of CNC machines in industrial plants, rise of mass production manufacturing.
The metal cutting tools market size is expected to see strong growth in the next few years. It will grow to $44.09 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to growth in electric vehicle production, increasing automation in manufacturing facilities, rising demand for lightweight and high-strength components, expansion of aerospace and defense manufacturing, adoption of smart and connected machining systems. Major trends in the forecast period include rising demand for high-precision machining tools, increasing adoption of CNC and multi-axis cutting tools, growth in use of advanced tool materials such as carbide and ceramics, rising focus on tool longevity and wear resistance, expansion of metal cutting applications in automotive and aerospace.
The increasing demand for automotive manufacturing is anticipated to drive the expansion of the metal cutting tools market in the coming years. Automotive includes the design, engineering, manufacturing, and servicing of motor vehicles such as cars, trucks, motorcycles, and other vehicle types. Metal cutting tools play a critical role in automotive manufacturing by enabling precise machining and shaping of metal components, supporting efficient production processes, and meeting strict tolerance requirements for automotive parts. For example, in April 2024, data from the International Organization of Motor Vehicle Manufacturers (OICA), a France-based global automotive industry body, showed that worldwide motor vehicle production reached 93,546,599 units, reflecting a notable increase compared to prior years and highlighting a strong recovery in automotive manufacturing. Therefore, the growing demand for automotive production is contributing to the growth of the metal cutting tools market.
Major players in the metal-cutting tools market are emphasizing the development of high-power laser cutting systems to improve accuracy, boost cutting speeds, and efficiently process thicker metal materials. A high-power laser cutting system is an industrial solution that utilizes focused laser beams to precisely cut and form metal components, delivering benefits over traditional cutting techniques through higher speed, greater material thickness capability, and improved energy efficiency. For example, in March 2023, Gweike Tech Company Limited, a China-based laser technology firm, partnered with BWT to launch a 135 kW laser cutting machine in Jinan, Shandong. Built for industrial-scale metal fabrication, this system allows rapid processing of thick metal sheets, enhances operational performance, and supports large-scale manufacturing operations.
In July 2024, Harvey Performance Company LLC, a US-based supplier of specialized precision cutting tools and machining solutions, acquired ATA Group for an undisclosed sum. Through this acquisition, Harvey Performance sought to broaden its global presence and enhance its product offerings in the metal cutting tools market by incorporating ATA's wide portfolio of precision-engineered cutting tools along with its well-established international distribution network. ATA Group Limited is an Ireland-based producer and distributor of precision cutting tools serving industries such as aerospace, power generation, and electronics.
Major companies operating in the metal cutting tools market report are Sandvik AB, Kennametal Inc., Mitsubishi Materials Corporation, Kyocera Corporation, Seco Tools AB, Walter AG, ISCAR Ltd., Tungaloy Corporation, Ceratizit S.A., Dormer Pramet, Guhring KG, OSG Corporation, Mapal Dr. Kress KG, Sumitomo Electric Industries Ltd., Greenleaf Corporation, Allied Machine & Engineering Corp., Ingersoll Cutting Tool Company, Emuge-Franken Group, Komet Group GmbH, LMT Tools Group
North America was the largest region in the metal cutting tools market share in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metal cutting tools market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the metal cutting tools market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The metal cutting tools market consists of sales of single-point tools, multi-point tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Metal Cutting Tools Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses metal cutting tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for metal cutting tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The metal cutting tools market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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