Global Cutting Tools Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Cutting Tools Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

In the context of machining, a cutting tool or cutter is any tool that is used to remove material from the workpiece by means of shear deformation. Cutting may be accomplished by single-point or multipoint tools. Single-point tools are used in turning, shaping, planing and similar operations, and remove material by means of one cutting edge. Machinery Industry and drilling tools are often multipoint tools. Energy Industry tools are also multipoint tools. Each grain of abrasive functions as a microscopic single-point cutting edge (although of high negative rake angle), and shears a tiny chip.

According to APO Research, The global Cutting Tools market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Cutting Tools is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Cutting Tools is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Cutting Tools is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Cutting Tools include Sandvik, IMC Group, Mitsubishi, Kennametal, OSG, Sumitomo Electric, Mapal, Kyocera and Nachi-Fujikoshi, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Cutting Tools, 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 Cutting Tools.
The Cutting Tools market size, estimations, and forecasts are provided in terms of sales volume (M Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Cutting Tools market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Sandvik
IMC Group
Mitsubishi
Kennametal
OSG
Sumitomo Electric
Mapal
Kyocera
Nachi-Fujikoshi
YG-1
Shanghai Tool
ZCCCT
Union Tool
Korloy
LMT
Ceratizit
Guhring
Tivoly
Tiangong
Harbin No.1 Tool
Cutting Tools segment by Type

Cemented Carbide
High Speed Steel
Ceramics
Diamond
Others
Cutting Tools segment by Application

Machinery Industry
Automotive Industry
Aerospace Industry
Energy Industry
Others
Cutting Tools by Distribution Channel

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Cutting Tools market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Cutting Tools and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Cutting Tools.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces 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 3: Detailed analysis of Cutting Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Cutting Tools in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: 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 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Cutting Tools Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Cutting Tools Sales Estimates and Forecasts (2019-2030)
1.3 Cutting Tools Market by Type
1.3.1 Cemented Carbide
1.3.2 High Speed Steel
1.3.3 Ceramics
1.3.4 Diamond
1.3.5 Others
1.4 Global Cutting Tools Market Size by Type
1.4.1 Global Cutting Tools Market Size Overview by Type (2019-2030)
1.4.2 Global Cutting Tools Historic Market Size Review by Type (2019-2024)
1.4.3 Global Cutting Tools Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Cutting Tools Sales Breakdown by Type (2019-2024)
1.5.2 Europe Cutting Tools Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Cutting Tools Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Cutting Tools Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Cutting Tools Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Cutting Tools Industry Trends
2.2 Cutting Tools Industry Drivers
2.3 Cutting Tools Industry Opportunities and Challenges
2.4 Cutting Tools Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Cutting Tools Revenue (2019-2024)
3.2 Global Top Players by Cutting Tools Sales (2019-2024)
3.3 Global Top Players by Cutting Tools Price (2019-2024)
3.4 Global Cutting Tools Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Cutting Tools Key Company Manufacturing Sites & Headquarters
3.6 Global Cutting Tools Company, Product Type & Application
3.7 Global Cutting Tools Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Cutting Tools Market CR5 and HHI
3.8.2 Global Top 5 and 10 Cutting Tools Players Market Share by Revenue in 2023
3.8.3 2023 Cutting Tools Tier 1, Tier 2, and Tier 3
4 Cutting Tools Regional Status and Outlook
4.1 Global Cutting Tools Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Cutting Tools Historic Market Size by Region
4.2.1 Global Cutting Tools Sales in Volume by Region (2019-2024)
4.2.2 Global Cutting Tools Sales in Value by Region (2019-2024)
4.2.3 Global Cutting Tools Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Cutting Tools Forecasted Market Size by Region
4.3.1 Global Cutting Tools Sales in Volume by Region (2025-2030)
4.3.2 Global Cutting Tools Sales in Value by Region (2025-2030)
4.3.3 Global Cutting Tools Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Cutting Tools by Application
5.1 Cutting Tools Market by Application
5.1.1 Machinery Industry
5.1.2 Automotive Industry
5.1.3 Aerospace Industry
5.1.4 Energy Industry
5.1.5 Others
5.2 Global Cutting Tools Market Size by Application
5.2.1 Global Cutting Tools Market Size Overview by Application (2019-2030)
5.2.2 Global Cutting Tools Historic Market Size Review by Application (2019-2024)
5.2.3 Global Cutting Tools Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Cutting Tools Sales Breakdown by Application (2019-2024)
5.3.2 Europe Cutting Tools Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Cutting Tools Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Cutting Tools Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Cutting Tools Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Sandvik
6.1.1 Sandvik Comapny Information
6.1.2 Sandvik Business Overview
6.1.3 Sandvik Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Sandvik Cutting Tools Product Portfolio
6.1.5 Sandvik Recent Developments
6.2 IMC Group
6.2.1 IMC Group Comapny Information
6.2.2 IMC Group Business Overview
6.2.3 IMC Group Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.2.4 IMC Group Cutting Tools Product Portfolio
6.2.5 IMC Group Recent Developments
6.3 Mitsubishi
6.3.1 Mitsubishi Comapny Information
6.3.2 Mitsubishi Business Overview
6.3.3 Mitsubishi Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Mitsubishi Cutting Tools Product Portfolio
6.3.5 Mitsubishi Recent Developments
6.4 Kennametal
6.4.1 Kennametal Comapny Information
6.4.2 Kennametal Business Overview
6.4.3 Kennametal Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Kennametal Cutting Tools Product Portfolio
6.4.5 Kennametal Recent Developments
6.5 OSG
6.5.1 OSG Comapny Information
6.5.2 OSG Business Overview
6.5.3 OSG Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.5.4 OSG Cutting Tools Product Portfolio
6.5.5 OSG Recent Developments
6.6 Sumitomo Electric
6.6.1 Sumitomo Electric Comapny Information
6.6.2 Sumitomo Electric Business Overview
6.6.3 Sumitomo Electric Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Sumitomo Electric Cutting Tools Product Portfolio
6.6.5 Sumitomo Electric Recent Developments
6.7 Mapal
6.7.1 Mapal Comapny Information
6.7.2 Mapal Business Overview
6.7.3 Mapal Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Mapal Cutting Tools Product Portfolio
6.7.5 Mapal Recent Developments
6.8 Kyocera
6.8.1 Kyocera Comapny Information
6.8.2 Kyocera Business Overview
6.8.3 Kyocera Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Kyocera Cutting Tools Product Portfolio
6.8.5 Kyocera Recent Developments
6.9 Nachi-Fujikoshi
6.9.1 Nachi-Fujikoshi Comapny Information
6.9.2 Nachi-Fujikoshi Business Overview
6.9.3 Nachi-Fujikoshi Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Nachi-Fujikoshi Cutting Tools Product Portfolio
6.9.5 Nachi-Fujikoshi Recent Developments
6.10 YG-1
6.10.1 YG-1 Comapny Information
6.10.2 YG-1 Business Overview
6.10.3 YG-1 Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.10.4 YG-1 Cutting Tools Product Portfolio
6.10.5 YG-1 Recent Developments
6.11 Shanghai Tool
6.11.1 Shanghai Tool Comapny Information
6.11.2 Shanghai Tool Business Overview
6.11.3 Shanghai Tool Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Shanghai Tool Cutting Tools Product Portfolio
6.11.5 Shanghai Tool Recent Developments
6.12 ZCCCT
6.12.1 ZCCCT Comapny Information
6.12.2 ZCCCT Business Overview
6.12.3 ZCCCT Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.12.4 ZCCCT Cutting Tools Product Portfolio
6.12.5 ZCCCT Recent Developments
6.13 Union Tool
6.13.1 Union Tool Comapny Information
6.13.2 Union Tool Business Overview
6.13.3 Union Tool Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.13.4 Union Tool Cutting Tools Product Portfolio
6.13.5 Union Tool Recent Developments
6.14 Korloy
6.14.1 Korloy Comapny Information
6.14.2 Korloy Business Overview
6.14.3 Korloy Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Korloy Cutting Tools Product Portfolio
6.14.5 Korloy Recent Developments
6.15 LMT
6.15.1 LMT Comapny Information
6.15.2 LMT Business Overview
6.15.3 LMT Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.15.4 LMT Cutting Tools Product Portfolio
6.15.5 LMT Recent Developments
6.16 Ceratizit
6.16.1 Ceratizit Comapny Information
6.16.2 Ceratizit Business Overview
6.16.3 Ceratizit Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.16.4 Ceratizit Cutting Tools Product Portfolio
6.16.5 Ceratizit Recent Developments
6.17 Guhring
6.17.1 Guhring Comapny Information
6.17.2 Guhring Business Overview
6.17.3 Guhring Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Guhring Cutting Tools Product Portfolio
6.17.5 Guhring Recent Developments
6.18 Tivoly
6.18.1 Tivoly Comapny Information
6.18.2 Tivoly Business Overview
6.18.3 Tivoly Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.18.4 Tivoly Cutting Tools Product Portfolio
6.18.5 Tivoly Recent Developments
6.19 Tiangong
6.19.1 Tiangong Comapny Information
6.19.2 Tiangong Business Overview
6.19.3 Tiangong Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.19.4 Tiangong Cutting Tools Product Portfolio
6.19.5 Tiangong Recent Developments
6.20 Harbin No.1 Tool
6.20.1 Harbin No.1 Tool Comapny Information
6.20.2 Harbin No.1 Tool Business Overview
6.20.3 Harbin No.1 Tool Cutting Tools Sales, Revenue and Gross Margin (2019-2024)
6.20.4 Harbin No.1 Tool Cutting Tools Product Portfolio
6.20.5 Harbin No.1 Tool Recent Developments
7 North America by Country
7.1 North America Cutting Tools Sales by Country
7.1.1 North America Cutting Tools Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Cutting Tools Sales by Country (2019-2024)
7.1.3 North America Cutting Tools Sales Forecast by Country (2025-2030)
7.2 North America Cutting Tools Market Size by Country
7.2.1 North America Cutting Tools Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Cutting Tools Market Size by Country (2019-2024)
7.2.3 North America Cutting Tools Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Cutting Tools Sales by Country
8.1.1 Europe Cutting Tools Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Cutting Tools Sales by Country (2019-2024)
8.1.3 Europe Cutting Tools Sales Forecast by Country (2025-2030)
8.2 Europe Cutting Tools Market Size by Country
8.2.1 Europe Cutting Tools Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Cutting Tools Market Size by Country (2019-2024)
8.2.3 Europe Cutting Tools Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Cutting Tools Sales by Country
9.1.1 Asia-Pacific Cutting Tools Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Cutting Tools Sales by Country (2019-2024)
9.1.3 Asia-Pacific Cutting Tools Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Cutting Tools Market Size by Country
9.2.1 Asia-Pacific Cutting Tools Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Cutting Tools Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Cutting Tools Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Cutting Tools Sales by Country
10.1.1 Latin America Cutting Tools Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Cutting Tools Sales by Country (2019-2024)
10.1.3 Latin America Cutting Tools Sales Forecast by Country (2025-2030)
10.2 Latin America Cutting Tools Market Size by Country
10.2.1 Latin America Cutting Tools Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Cutting Tools Market Size by Country (2019-2024)
10.2.3 Latin America Cutting Tools Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Cutting Tools Sales by Country
11.1.1 Middle East and Africa Cutting Tools Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Cutting Tools Sales by Country (2019-2024)
11.1.3 Middle East and Africa Cutting Tools Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Cutting Tools Market Size by Country
11.2.1 Middle East and Africa Cutting Tools Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Cutting Tools Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Cutting Tools Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Cutting Tools Value Chain Analysis
12.1.1 Cutting Tools Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Cutting Tools Production Mode & Process
12.2 Cutting Tools Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Cutting Tools Distributors
12.2.3 Cutting Tools Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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