Cutting Tools Market By Materials, By Product, By Preparation Method, By Application and By Geography Analysis - Forecast 2019 - 2024 www.industryarc.com
Cutting Tools Market 2019-2024
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Industry Market Research for Business Leaders, Strategists, Decision Makers
Press Release
Manufacturing and construction are the fastest growing industries in emerging economies, due to which these sectors are robustly expanding and commercializing, hence processing an uplift for its vast pool of adjacent sectors. Owing to this, the global cutting tools market is witnessing sound growth being an imperative operations supporting gear. According to IndustryARC, the global cutting tools market valued $34.42 billion in 2018, and the demand is projected to grow at a compound annual growth rate (CAGR) of 3.25% during the forecast period. This can be better conceived from the IndustryARC’s report titled “Cutting Tools Market : By Application (Milling, Turning, Drilling and Other); By Tool Grade (High Speed Steel, Ceramics, Cermets, cBN/PcBN, Diamond); By Type (Indexable, Solid) & By Region – Forecast (2019 - 2025).” The report also documents that in recent times, cutting technologies have had a drastic demand rise in the cutting tools market. They are more application-specific rather than being only efficient. One of the driving factors is that large-scale manufacturing companies have started to adopt advanced industrial tools. Global Cutting Tools Market: Leading Segments APAC is an emerging region that held 33% of the global demand share in 2018. APAC has a very strong foothold in the automotive and construction sector due to which there is a lucrative demand for cutting tools, owing to the increasing manufacturing output serving unprecedented demand. Additionally, India and China are the leading countries that contribute the maximum in terms of the steel processing where cutting tools are employed at a large scale. The potential investors are also investing in aircraft manufacturing, aerospace, and automotive which has increased the demand for the cutting tools market in APAC. Furthermore, the key application sector of the cutting tools market is milling which is anticipated to grow at an increasing CAGR of 3.3% during the aforementioned forecast period. Miller cutters are very high in demand in various sectors such as the multiple billion dollar metal recycling sector due to its high performing skills and high tolerance power. On the other hand, the demand for metal cutting tools is also increasing in the APAC region due to strong presence of OEM manufacturers. Global Cutting Tools Market: Market Trends and Growth Drivers
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路 The manufacturing sector in India is growing drastically. The demand for cutting tools market has increased in the country, for which the companies have already started to adopt the advanced technologies. This has become the most significant growth driver in the Indian market. 路 In this growing and changing era, technology has taken over every aspect in the market, so artificial intelligence has influenced the cutting tools market as well. The new generation expects everything to be done by machine, so the implementation of AI is trending in the market through which a user can choose the best cutting tool with AI guidance. 路 There is a significant amount of automation that is being used to lessen the human burden. Companies are also focusing on working on cutting tools with another robotic arm which will remove drill bits and worn-end mills. 路 An upcoming trend is that the cutting tools will automatically capture the data by automatic-identification technology, which will identify each cutting tool individually. This will also help in determining where the proper wear limits need to be set.
Global Cutting Tools Market: Competitive Landscape Some of the key companies identified in the report that are currently holding majority shares in the global cutting tools market are Kennametal, Iscar, OSG, Mitsubishi, Kyocera, Sumitomo, Mapal, Nachi-Fujikoshi, LMT ZCCCT, Sandvik, Hitachi, Ehwa, BIAX, and Asahi.
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What can you expect from the report? The cutting tools marketis prepared with the main agenda to cover the following 20 points: 1. Market Size by Product Categories & Application (Revenue & Volume) 2. Market trends & Relevant Market Data
11. Demand Analysis
12. Country level Analysis
3. Manufacturer Landscape
13. Competitor Analysis
4. Distributor Landscape
14. Market Shares Analysis
5. Pricing Analysis
15. Value Chain Analysis
6. Top 10 End user Analysis
16. Supply Chain Analysis
7. Product Benchmarking
17. Strategic Analysis
8. Product Developments Landscape 9. Mergers & Acquisition Analysis
18. Current & Future Market Analysis 19. Opportunity Analysis
10. Patent Analysis Analysis
20. Revenue and Volume
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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
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Industry Market Research for Business Leaders, Strategists, Decision Makers
Table of Contents 1. Cutting Tools Market - Overview 1.1. Definitions and Scope 2. Cutting Tools Market - Executive summary 2.1. Market Revenue, Market Size and Key Trends by Company 2.2. Key Trends by type of Application 2.3. Key Trends segmented by Geography 3. Cutting Tools Market 3.1. Comparative analysis 3.1.1. Product Benchmarking - Top 10 companies 3.1.2. Top 5 Financials Analysis 3.1.3. Market Value split by Top 10 companies 3.1.4. Patent Analysis - Top 10 companies 3.1.5. Pricing Analysis 4. Cutting Tools Market – Startup companies Scenario 4.1. Top 10 startup company Analysis by 4.1.1. Investment 4.1.2. Revenue 4.1.3. Market Shares 4.1.4. Market Size and Application Analysis 4.1.5. Venture Capital and Funding Scenario 5. Cutting Tools Market – Industry Market Entry Scenario 5.1. Regulatory Framework Overview 5.2. New Business and Ease of Doing business index 5.3. Case studies of successful ventures 5.4. Customer Analysis – Top 10 companies 6. Cutting Tools Market Forces 6.1. Drivers 6.2. Constraints 6.3. Challenges 6.4. Porters five force model 6.4.1. Bargaining power of suppliers 6.4.2. Bargaining powers of customers 6.4.3. Threat of new entrants 6.4.4. Rivalry among existing players 6.4.5. Threat of substitutes 7. Cutting Tools Market - Strategic analysis 7.1. Value chain analysis 7.2. Opportunities analysis 7.3. Product life cycle 7.4. Suppliers and distributors Market Share 8. Cutting Tools Market – By Technology (Market Size -$Million / $Billion) 8.1. Market Size and Market Share Analysis 8.2. Application Revenue and Trend Research 8.3. Product Segment Analysis 8.3.1. Organic Light Emitting Diode (OLED) 8.3.2. LCoS 8.3.3. LCD 8.3.4. DLP 9. Cutting Tools Market – By Application (Market Size -$Million / $Billion)
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9.1. Milling 9.2. Turning 9.3. Drilling 9.4. Other 10. Cutting Tools Market – By Tool Grade (Market Size -$Million / $Billion) 10.1. High Speed Steel 10.2. Ceramics 10.3. Cermets 10.4. cBN/PcBN 10.5. Diamond 11. Cutting Tools Market – By Type (Market Size -$Million / $Billion) 11.1. Indexable 11.2. Solid 12. Cutting Tools - By Geography (Market Size -$Million / $Billion) 12.1. Cutting Tools Market - North America Segment Research 12.2. North America Market Research (Million / $Billion) 12.2.1. Segment type Size and Market Size Analysis 12.2.2. Revenue and Trends 12.2.3. Application Revenue and Trends by type of Application 12.2.4. Company Revenue and Product Analysis 12.2.5. North America Product type and Application Market Size 12.2.5.1. U.S. 12.2.5.2. Canada 12.2.5.3. Mexico 12.2.5.4. Rest of North America 12.3. Cutting Tools - South America Segment Research 12.4. South America Market Research (Market Size -$Million / $Billion) 12.4.1. Segment type Size and Market Size Analysis 12.4.2. Revenue and Trends 12.4.3. Application Revenue and Trends by type of Application 12.4.4. Company Revenue and Product Analysis 12.4.5. South America Product type and Application Market Size 12.4.5.1. Brazil 12.4.5.2. Venezuela 12.4.5.3. Argentina 12.4.5.4. Ecuador 12.4.5.5. Peru 12.4.5.6. Colombia 12.4.5.7. Costa Rica 12.4.5.8. Rest of South America 12.5. Cutting Tools - Europe Segment Research 12.6. Europe Market Research (Market Size -$Million / $Billion) 12.6.1. Segment type Size and Market Size Analysis 12.6.2. Revenue and Trends 12.6.3. Application Revenue and Trends by type of Application 12.6.4. Company Revenue and Product Analysis 12.6.5. Europe Segment Product type and Application Market Size 12.6.5.1. U.K 12.6.5.2. Germany 12.6.5.3. Italy 12.6.5.4. France 12.6.5.5. Netherlands 12.6.5.6. Belgium 12.6.5.7. Spain 12.6.5.8. Denmark 12.6.5.9. Rest of Europe 12.7. Cutting Tools – APAC Segment Research 12.8. APAC Market Research (Market Size -$Million / $Billion)
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12.8.1. Segment type Size and Market Size Analysis 12.8.2. Revenue and Trends 12.8.3. Application Revenue and Trends by type of Application 12.8.4. Company Revenue and Product Analysis 12.8.5. APAC Segment – Product type and Application Market Size 12.8.5.1. China 12.8.5.2. Australia 12.8.5.3. Japan 12.8.5.4. South Korea 12.8.5.5. India 12.8.5.6. Taiwan 12.8.5.7. Malaysia 13. Cutting Tools Market - Entropy 13.1. New product launches 13.2. M&A's, collaborations, JVs and partnerships 14. Cutting Tools Market – Industry / Segment Competition landscape 14.1. Market Share Analysis 14.1.1. Market Share by Country- Top companies 14.1.2. Market Share by Region- Top 10 companies 14.1.3. Market Share by type of Application – Top 10 companies 14.1.4. Market Share by type of Product / Product category- Top 10 companies 14.1.5. Market Share at global level- Top 10 companies 14.1.6. Best Practises for companies 15. Cutting Tools Market – Key Company List by Country 16. Cutting Tools Market Company Analysis 16.1. Market Share, Company Revenue, Products, M&A, Developments 16.2. Hitachi Metals Ltd (Hitachi Tool Engineering Ltd) 16.3. AB Sandvik Coromant 16.4. Ehwa Diamond Industrial Co., Ltd 16.5. BIAX Schmid & Wezel GmbH & Co. KG 16.6. Asahi Diamond Industrial Co Ltd 16.7. Forbes & Company Ltd (Forbes Precision Tools) 16.8. KOMET Group GmbH 16.9. Sprenger Schleiftechnik GmbH 16.10. Jarvis Cutting Tools, Inc. 16.11. Jiangsu Funlin Super Hard Tools Co., Ltd 16.12. Company 11 16.13. Company 12 16.14. Company 13 and more "*Financials would be provided on a best efforts basis for private companies" 17. Cutting Tools Market - Appendix 17.1. Abbreviations 17.2. Sources 18. Cutting Tools Market - Methodology 18.1. Research Methodology 18.1.1. Company Expert Interviews 18.1.2. Industry Databases 18.1.3. Associations 18.1.4. Company News 18.1.5. Company Annual Reports 18.1.6. Application Trends 18.1.7. New Products and Product database 18.1.8. Company Transcripts 18.1.9. R&D Trends 18.1.10. Key Opinion Leaders Interviews 18.1.11. Supply and Demand Trends
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