Middle East & GCC Countries Cutting Tools Market Research Report Forecast to 2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,950	118 Pages	Market Research Future	March, 2023	RESFT17812525

Best Price Guarantee
Price	from $2,950
Length	118 Pages
Publisher	Market Research Future
Published Date	March, 2023
SKU	RESFT17812525

Middle East & GCC Countries Cutting Tools Market Research Report Forecast to 2028

Market Overview

The cutting tools ensure the effective manufacturing of critical and intricate components with ease and utmost precision. These cutting tools form an indispensable part of machine tools that are either numerically or conventionally controlled. The cutting tool inserts are used in applications such as threading, milling & shearing, parting & grooving, and drilling & boring. The growth of the cutting tools market is driven by various factors such as growing demand from industries, increasing demand for power tools in DIY & household sector, and a growing market for high-speed steel cutting tools. This is mainly because cutting tool systems are highly efficient equipment for various major manufacturing processes. However, the growth of the market can be hindered due to the high cost of carbide tools.

Cutting tools are tools that are designed with inserts or replaceable tips and solid round tools. In these, the cutting edge consists of a separate piece of material, either brazed, welded, or clamped onto the tool body. Cutting tool inserts and solid round tools are used in many applications across various industries, such as automotive, aerospace & defense, construction, and oil and gas. The GCC & Middle East cutting tools market is expected to register a CAGR of 2.47% during the forecast period. Several factors are driving the growth of the market. The use of cutting tools in manufacturing and demand for high-speed steel cutting tools are majorly driving market growth. Also, an increase in the use of power tools in households is projected to contribute to the cutting tools market growth. The scope for growth in developing nations is expected to provide a lucrative market to the existing players. However, the lack of skilled labor and high cost of cutting tools are restricting the growth of the market.

Market Segmentation

The cutting tools market has been segmented based on tool type, material type, application, and region. Based on tool type, solid round tools dominated the market with a share of 62.17%, having accounted for USD 475.07 million in 2020, and are projected to grow at a rate of 1.71% from 2021 to 2028. Based on material type, cemented carbide dominated the market with a share of 46.11%, having accounted for USD 352.37 million in 2020, and is projected to grow at the highest CAGR of 3.11% from 2021 to 2028. Based on application, the oil & gas segment dominated the market with a share of 25.44%, having accounted for USD 194.41 million in 2020 and is projected to register a CAGR of 1.30% from 2021 to 2028.

Major Players

The key players operating in the Middle East & GCC cutting tools market include Kennametal Inc. (US), OSG Corporation (Japan), Makita Corporation (Japan), Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (US), Snap-on Incorporated (US), Hilti Corporation (Liechtenstein), Sandvik AB (Sweden), FRAISA SA (Switzerland), and KYOCERA Corporation (Japan).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Companies Mentioned

Kennametal Inc. (US)
OSG Corporation (Japan)
Makita Corporation (Japan)
Robert Bosch GmbH (Germany)
Stanley Black & Decker
Inc. (US)
Snap-on Incorporated (US)
Hilti Corporation (Liechtenstein)
Sandvik AB (Sweden)
FRAISA SA (Switzerland)
and KYOCERA Corporation (Japan).

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

1 Executive Summary: 1.1 Middle East & Gcc Countires Cutting Tools Market, By Tool Type; 1.2 Middle East & Gcc Countires Cutting Tools Market, By Material Type; 1.3 Middle East & Gcc Countires Cutting Tools Market, By Application
2 Market Introduction: 2.1 Scope Of The Study; 2.2 Research Objective; 2.3 Market Structure; 2.4 Key Buying Criteria
3 Research Methodology: 3.1 Research Process; 3.2 Primary Research; 3.3 Secondary Research; 3.4 Market Size Estimation; 3.5 Forecast Model; 3.6 List Of Assumptions & Limitations
4 Market Insights
5 Market Dynamics: 5.1 Introduction; 5.2 Drivers; 5.2.1 Use Of Cutting Tools In Manufacturing; 5.2.2 Demand For High-speed Steel Cutting Tools; 5.2.3 Increase In Use Of Power Tools In Households; 5.2.4 Drivers Impact Analysis; 5.3 Restraint; 5.3.1 Lack Of Skilled Labor; 5.3.2 High Cost Of Cutting Tools; 5.3.3 Restraints Impact Analysis; 5.4 Opportunity; 5.4.1 Scope For Growth In Developing Nations
6 Market Factor Analysis: 6.1 Supply Chain Analysis; 6.1.1 Design And Development; 6.1.2 Raw Material/Component Supply; 6.1.3 Cutting Tools Manufacture/Assembly; 6.1.4 Cutting Tools Distribution; 6.1.5 End Use; 6.2 Porter’s Five Forces Model; 6.2.1 Threat Of New Entrants; 6.2.2 Bargaining Power Of Suppliers; 6.2.3 Threat Of Substitutes; 6.2.4 Bargaining Power Of Buyers; 6.2.5 Intensity Of Rivalry; 6.3 Impact Of The Covid-19 Outbreak On Middle East & Gcc Countries Cutting Tools Market; 6.3.1 Impact On Production; 6.3.2 Impact On Supply Chain; 6.3.3 Impact On Raw Materials; 6.3.4 Cash Flow Constraints; 6.3.5 Impact On Pricing
7 Middle East & Gcc Countries Cutting Tools Market, By Tool Type: 7.1 Overview; 7.1.1 Middle East & Gcc Countries Cutting Tools Market Estimates & Forecast, By Tool Type, 2019–2028; 7.2 Indexable Inserts; 7.2.1 Indexable Inserts: Market Estimates & Forecast, By Region, 2019–2028; 7.3 Solid Round Tools; 7.3.1 Indexable Inserts: Market Estimates & Forecast, By Region, 2019–2028
8 Middle East & Gcc Countries Cutting Tools Market, By Material Type: 8.1 Overview; 8.1.1 Middle East & Gcc Countries Cutting Tools Market Estimates & Forecast, By Material Type, 2019–2028; 8.2 Cemented Carbide; 8.2.1 Cemented Carbide: Market Estimates & Forecast, By Region, 2019–2028; 8.3 High-speed Steel; 8.3.1 High-speed Steel: Market Estimates & Forecast, By Region, 2019–2028; 8.4 Ceramics; 8.4.1 Ceramics: Market Estimates & Forecast, By Region, 2019–2028; 8.5 Stainless Steel; 8.5.1 Stainless Steel: Market Estimates & Forecast, By Region, 2019–2028; 8.6 Polycrystalline Diamond; 8.6.1 Polycrystalline Diamond: Market Estimates & Forecast, By Region, 2019–2028; 8.6.2 Polycrystalline Diamond: Market Estimates & Forecast, By Region, 2019–2028; 8.7 Cubic Boron Nitride; 8.7.1 Cubic Boron Nitride: Market Estimates & Forecast, By Region, 2019–2028; 8.8 Exotic Materials; 8.8.1 Exotic Materials: Market Estimates & Forecast, By Region, 2019–2028
9 Middle East & Gcc Countries Cutting Tools Market, By Application: 9.1 Overview; 9.1.1 Middle East & Gcc Countries Cutting Tools Market Estimates & Forecast, By Application, 2019–2028; 9.2 Automotive; 9.2.1 Automotive: Market Estimates & Forecast, By Region, 2019–2028; 9.3 Aerospace & Defense; 9.3.1 Aerospace & Defense: Market Estimates & Forecast, By Region, 2019–2028; 9.4 Construction; 9.4.1 Construction: Market Estimates & Forecast, By Region, 2019–2028; 9.5 Electronics; 9.5.1 Electronics: Market Estimates & Forecast, By Region, 2019–2028; 9.6 Oil & Gas; 9.6.1 Oil & Gas: Market Estimates & Forecast, By Region, 2019–2028; 9.7 Power Generation; 9.7.1 Power Generation: Market Estimates & Forecast, By Region, 2019–2028; 9.8 Wood; 9.8.1 Wood: Market Estimates & Forecast, By Region, 2019–2028; 9.9 Die & Mold; 9.9.1 Die & Mold: Market Estimates & Forecast, By Region, 2019–2028; 9.10 Others; 9.10.1 Others: Market Estimates & Forecast, By Region, 2019–2028
10 Middle East & Gcc Countries Cutting Tools Market, By Region: 10.1 Overview; 10.1.1 Middle East & Gcc Countries Cutting Tools Market Estimates & Forecast, By Region, 2019–2028; 10.2 Middle East; 10.2.1 Middle East Cutting Tools Market Estimates & Forecast, By Country, 2019–2028; 10.2.2 Turkey; 10.2.3 Iran; 10.2.4 Israel; 10.2.5 Rest Of Middle East; 10.3 Gcc Countries; 10.3.1 Gcc Countries Cutting Tools Market Estimates & Forecast, By Country, 2019–2028; 10.3.2 Saudi Arabia; 10.3.3 Uae; 10.3.4 Rest Of Gcc Countries
11 Competitive Landscape: 11.1 Introduction; 11.1.1 Market Strategy Analysis; 11.2 Competitive Benchmarking; 11.3 Key Developments & Growth Strategies; 11.3.1 Product Launch; 11.3.2 Expansion; 11.3.3 Acquisition; 11.3.4 Product Development; 11.3.5 Collaboration; 11.3.6 Partnership
12 Company Profiles: 12.1 Kennametal Inc.; 12.1.1 Company Overview; 12.1.2 Financial Overview; 12.1.3 Products Offered; 12.1.4 Key Developments; 12.1.5 Swot Analysis; 12.1.6 Key Strategies; 12.2 Osg Corporation; 12.2.1 Company Overview; 12.2.2 Financial Overview; 12.2.3 Products Offered; 12.2.4 Key Developments; 12.2.5 Swot Analysis; 12.2.6 Key Strategies; 12.3 Makita Corporation; 12.3.1 Company Overview; 12.3.2 Financial Overview; 12.3.3 Products Offered; 12.3.4 Key Developments; 12.3.5 Swot Analysis; 12.3.6 Key Strategies; 12.4 Robert Bosch Gmbh; 12.4.1 Company Overview; 12.4.2 Financial Overview; 12.4.3 Products Offered; 12.4.4 Key Developments; 12.4.5 Swot Analysis; 12.4.6 Key Strategies; 12.5 Stanley Black & Decker, Inc.; 12.5.1 Company Overview; 12.5.2 Financial Overview; 12.5.3 Products/Services Offered; 12.5.4 Key Developments; 12.5.5 Swot Analysis; 12.5.6 Key Strategies; 12.6 Snap-on Incorporated; 12.6.1 Company Overview; 12.6.2 Financial Overview; 12.6.3 Products Offered; 12.6.4 Key Developments; 12.6.5 Swot Analysis; 12.6.6 Key Strategies; 12.7 Hilti Corporation; 12.7.1 Company Overview; 12.7.2 Financial Overview; 12.7.3 Products/Services Offered; 12.7.4 Key Developments; 12.7.5 Swot Analysis; 12.7.6 Key Strategies; 12.8 Sandvik Ab; 12.8.1 Company Overview; 12.8.2 Financial Overview; 12.8.3 Products/Services Offered; 12.8.4 Key Developments; 12.8.5 Swot Analysis; 12.8.6 Key Strategies; 12.9 Fraisa Sa; 12.9.1 Company Overview; 12.9.2 Financial Overview; 12.9.3 Products Offered; 12.9.4 Key Developments; 12.9.5 Swot Analysis; 12.9.6 Key Strategies; 12.10 Kyocera Corporation; 12.10.1 Company Overview; 12.10.2 Financial Overview; 12.10.3 Products Offered; 12.10.4 Key Developments; 12.10.5 Swot Analysis; 12.10.6 Key Strategies
13 Appendix: 13.1 References; 13.2 Related Reports
List Of Tables: Table 1 Primary Interviews; Table 2 List Of Assumptions & Limitations; Table 3 Middle East & Gcc Countries Cutting Tools Market Estimates & Forecast, By Tool Type, 2019–2028 (Usd Million); Table 4 Indexable Inserts: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 5 Indexable Inserts: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 6 Middle East & Gcc Countries Cutting Tools Market Estimates & Forecast, By Material Type, 2019–2028 (Usd Million); Table 7 Cemented Carbide: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 8 High-speed Steel: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 9 Ceramics: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 10 Stainless Steel: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 11 Polycrystalline Diamond: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 12 Polycrystalline Diamond: Market Estimates & Forecast, By Region, 2019–2028 (Thousand Units); Table 13 Cubic Boron Nitride: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 14 Exotic Materials: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 15 Middle East & Gcc Countries Cutting Tools Market Estimates & Forecast, By Application, 2019–2028 (Usd Million); Table 16 Automotive: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 17 Aerospace & Defense: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 18 Construction: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 19 Electronics: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 20 Oil & Gas: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 21 Power Generation: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 22 Wood: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 23 Die & Mold: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 24 Others: Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 25 Middle East & Gcc Countries Cutting Tools Market Estimates & Forecast, By Region, 2019–2028 (Usd Million); Table 26 Middle East: Market Estimates & Forecast, By Country, 2019–2028 (Usd Million); Table 27 Middle East: Market Estimates, By Tool Type, 2019–2028 (Usd Million); Table 28 Middle East: Market Estimates, By Material Type, 2019–2028 (Usd Million); Table 29 Middle East: Market Estimates, By Application, 2019–2028 (Usd Million); Table 30 Turkey: Market Estimates, By Tool Type, 2019–2028 (Usd Million); Table 31 Turkey: Market Estimates, By Material Type, 2019–2028 (Usd Million); Table 32 Turkey: Market Estimates, By Application, 2019–2028 (Usd Million); Table 33 Iran: Market Estimates, By Tool Type, 2019–2028 (Usd Million); Table 34 Iran: Market Estimates, By Material Type, 2019–2028 (Usd Million); Table 35 Iran: Market Estimates, By Application, 2019–2028 (Usd Million); Table 36 Israel: Market Estimates, By Tool Type, 2019–2028 (Usd Million); Table 37 Israel: Market Estimates, By Material Type, 2019–2028 (Usd Million); Table 38 Israel: Market Estimates, By Application, 2019–2028 (Usd Million); Table 39 Rest Of Middle East: Market Estimates, By Tool Type, 2019–2028 (Usd Million); Table 40 Rest Of Middle East: Market Estimates, By Material Type, 2019–2028 (Usd Million); Table 41 Rest Of Middle East: Market Estimates, By Application, 2019–2028 (Usd Million); Table 42 Gcc Countries: Market Estimates & Forecast, By Country, 2019–2028 (Usd Million); Table 43 Gcc Countries: Market Estimates, By Tool Type, 2019–2028 (Usd Million); Table 44 Gcc Countries: Market Estimates, By Material Type, 2019–2028 (Usd Million); Table 45 Gcc Countries: Market Estimates, By Application, 2019–2028 (Usd Million); Table 46 Saudi Arabia: Market Estimates, By Tool Type, 2019–2028 (Usd Million); Table 47 Saudi Arabia: Market Estimates, By Material Type, 2019–2028 (Usd Million); Table 48 Saudi Arabia: Market Estimates, By Application, 2019–2028 (Usd Million); Table 49 Uae: Market Estimates, By Tool Type, 2019–2028 (Usd Million); Table 50 Uae: Market Estimates, By Material Type, 2019–2028 (Usd Million); Table 51 Uae: Market Estimates, By Application, 2019–2028 (Usd Million); Table 52 Rest Of Gcc Countries: Market Estimates, By Tool Type, 2019–2028 (Usd Million); Table 53 Rest Of Gcc Countries: Market Estimates, By Material Type, 2019–2028 (Usd Million); Table 54 Rest Of Gcc Countries: Market Estimates, By Application, 2019–2028 (Usd Million); Table 55 Product Launch; Table 56 Expansion; Table 57 Acquisition; Table 58 Product Development; Table 59 Collaboration; Table 60 Partnership; Table 61 Kennametal Inc.: Products Offered; Table 62 Kennametal Inc.: Key Developments; Table 63 Osg Corporation: Products Offered; Table 64 Osg Corporation: Key Developments; Table 65 Makita Corporation: Products Offered; Table 66 Makita Corporation: Key Developments; Table 67 Robert Bosch Gmbh: Products Offered; Table 68 Robert Bosch Gmbh: Key Developments; Table 69 Stanley Black & Decker, Inc.: Products/Services Offered; Table 70 Stanley Black & Decker, Inc.: Key Developments; Table 71 Snap-on Incorporated: Products Offered; Table 72 Hilti Corporation: Products/Services Offered; Table 73 Sandvik Ab: Products/Services Offered; Table 74 Sandvik Ab: Key Developments; Table 75 Fraisa Sa: Products Offered; Table 76 Fraisa Sa: Key Developments; Table 77 Kyocera Corporation: Products Offered; Table 78 Kyocera Corporation: Key Developments
List Of Figures: Figure 1 Market Synopsis; Figure 2 Middle East & Gcc Countires Cutting Tools Market Analysis, By Tool Type, 2020; Figure 3 Middle East & Gcc Countires Cutting Tools Market Analysis, By Material Type, 2020; Figure 4 Middle East & Gcc Countires Cutting Tools Market Analysis, By Application, 2020; Figure 5 Middle East & Gcc Countries Cutting Tools Market: Structure; Figure 6 Key Buying Criteria For Cutting Tools Market; Figure 7 Research Process; Figure 8 Top-down And Bottom-up Approaches; Figure 9 Middle East: Cutting Tools Market Size, By Country (2020 Vs. 2028); Figure 10 Gcc Countries: Cutting Tools Market Size, By Country (2020 Vs. 2028); Figure 11 Market Dynamics Overview; Figure 12 Drivers Impact Analysis: Gcc & Middle East Cutting Tools Market; Figure 13 Restraints Impact Analysis: Gcc & Middle East Cutting Tools Market; Figure 14 Middle East & Gcc Countries Cutting Tools Market: Supply Chain Analysis; Figure 16 Middle East & Gcc Countries Cutting Tools Market, By Tool Type, 2020 (% Share); Figure 17 Middle East & Gcc Countries Cutting Tools Market, By Tool Type, 2019–2028 (Usd Million); Figure 18 Middle East & Gcc Countries Cutting Tools Market, By Material Type, 2020 (% Share); Figure 19 Middle East & Gcc Countries Cutting Tools Market, By Material Type, 2019–2028 (Usd Million); Figure 20 Middle East & Gcc Countries Cutting Tools Market, By Application, 2020 (% Share); Figure 21 Middle East & Gcc Countries Cutting Tools Market, By Application, 2019–2028 (Usd Million); Figure 22 Middle East & Gcc Countries Cutting Tools Market, By Region, 2019–2028 (Usd Million); Figure 23 Middle East & Gcc Countries Cutting Tools Market, By Region, 2020 (% Share); Figure 24 Middle East Cutting Tools Market Share, By Country, 2020 (% Share); Figure 25 Gcc Countries: Cutting Tools Market Share, By Country, 2020 (% Share); Figure 26 Kennametal Inc.: Financial Overview Snapshot; Figure 27 Kennametal Inc.: Swot Analysis; Figure 28 Osg Corporation: Financial Overview Snapshot; Figure 29 Osg Corporation: Swot Analysis; Figure 30 Makita Corporation: Financial Overview Snapshot; Figure 31 Makita Corporation: Swot Analysis; Figure 32 Robert Bosch Gmbh: Financial Overview Snapshot; Figure 33 Robert Bosch Gmbh: Swot Analysis; Figure 34 Stanley Black & Decker, Inc.: Financial Overview Snapshot; Figure 35 Stanley Black & Decker, Inc.: Swot Analysis; Figure 36 Snap-on Incorporated: Financial Overview Snapshot; Figure 37 Snap-on Incorporated: Swot Analysis; Figure 38 Hilti Corporation: Financial Overview Snapshot; Figure 39 Hilti Corporation: Swot Analysis; Figure 40 Sandvik Ab: Financial Overview Snapshot; Figure 41 Sandvik Ab: Swot Analysis; Figure 42 Fraisa Sa: Financial Overview Snapshot; Figure 43 Fraisa Sa: Swot Analysis; Figure 44 Kyocera Corporation: Financial Overview Snapshot; Figure 45 Kyocera Corporation: Swot Analysis