Global Twist Drill Market Growth 2023-2029

Global Twist Drill Market Growth 2023-2029

Twist Drill (also commonly referred to as twist bit) is a rotating cutting tool, used for cutting holes in rigid materials, that consists of an essentially conical point, relieved and fluted to form cutting lips, and spiral flutes which direct the chips away from the lips and toward ejection from the hole. Twist drills are the most common and easiest way to put a hole in steel, wood or other non-ferrous materials.

LPI (LP Information)' newest research report, the “Twist Drill Industry Forecast” looks at past sales and reviews total world Twist Drill sales in 2022, providing a comprehensive analysis by region and market sector of projected Twist Drill sales for 2023 through 2029. With Twist Drill sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Twist Drill industry.

This Insight Report provides a comprehensive analysis of the global Twist Drill landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Twist Drill portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Twist Drill market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Twist Drill and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Twist Drill.

The global Twist Drill market size is projected to grow from US$ 4321.9 million in 2022 to US$ 4919.5 million in 2029; it is expected to grow at a CAGR of 4919.5 from 2023 to 2029.

Global Twist Drill key players include TDC Cutting Tool, Feida, Tiangong International, Harbin No.1 Tool, Harbin Measuring & Cutting Tool, etc. Global top five manufacturers hold a share over 15%.

China is the largest market, with a share over 65%, followed by USA and Europe, both have a share over 15%.

In terms of product, Straight Shank Twist Drill is the largest segment, with a share over 50%. And in terms of application, the largest application is Metal, followed by Concrete, Wood, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Twist Drill market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Straight Shank Twist Drill

Taper Shank Twist Drill

Double-End Twist Drill

Others

Segmentation by application

Metal

Wood

Concrete

Plastic

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Sandvik Coromant

OSG

Kennamtel

SECO

Stanley Black & Decker

Mitsubishi

Guhring Group

Nachi

ISCAR

Sumitomo

Walter AG

Bosch

Mapal

Korloy

Triumph

Tiangong International

Kyocera

Irwin Tool

TDC Cutting Tool

Shanggong

Harbin No.1 Tool

Feida

Ceratizit

Greenfield Industries

Chengdu Chenliang

Harbin Measuring & Cutting Tool

Komet

Regal Cutting Tools

Alpen-Maykestag

Fangda Holding

Key Questions Addressed in this Report

What is the 10-year outlook for the global Twist Drill market?

What factors are driving Twist Drill market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Twist Drill market opportunities vary by end market size?

How does Twist Drill break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.