Metal Cutting Tools Market size to grow by USD 5,753.56 Million 2022 to 2027|Increasing demand for metal parts is one of the major drivers - Technavio

NEW YORK, July 4, 2023 /PRNewswire/ -- The metal cutting tools market size is estimated to increase by USD 5,753.56 million from 2022 to 2027, with a CAGR of 4.91%, according to the recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report -Request a sample report

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.

Find Technavio's Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

The addictions therapeutics market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed below -

AMADA Co. Ltd., Amalgamations Group, Berkenhoff GmbH, CERATIZIT SA, Colfax Corp., DMG MORI Co Ltd, FANUC Corp., Gedik Welding Inc, Illinois Tool Works Inc., IPG Photonics Corp., Jenoptik AG, Jinan SENFENG Technology Co. Ltd, Kobe Steel Ltd., Laserline GmbH, Manufacturing Technology Inc., Mitsubishi Electric Corp., Sandvik Coromant, Schlatter Industries AG, The Lincoln Electric Co., TRUMPF SE Co. KG Download Free Sample

Metal Cutting Tools Market - Segmentation Analysis

This cutting tool report extensively covers market segmentation by product (milling tools, drilling tools, and other tools), application (automotive, construction, aerospace and defense, electronics, and others), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

• The market share growth by the milling tools segment will be significant for market growth during the forecast period. This segment is widely used in milling machines from milling operations. Some of the key types of milling cutters include slitting cutters, milling cutters, end mills, and gear cutters which are utilized for different sets of applications. Hence, such wide applications are expected to drive the growth of this segment which, in turn, will drive the metal-cutting tools market growth during the forecast period.

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Metal Cutting Tools Market - Market Dynamics

Key Drivers

The rising demand for metal parts in major end-user industries is a significant factor driving the metal-cutting tools market growth. Metal cutting tools have important applications in the automotive and aerospace, and defense industries. Furthermore, metals are one of the main raw materials for several industries, and they can be transformed based on each industry's requirements. Additionally, increasing investments in key end-user industries such as automotive and aerospace, and defense are expected to increase the demand for metal and thereby drive the metal-cutting tool market during the forecast period.

Significant Trends

The growing demand for high-speed steel-cutting tools is an emerging trend shaping the metal-cutting tools market. One of the main metal cutting tool types used across various industries is the HSS metal cutting tool. There is a growing adoption of these tools across companies due to their ease of use and efficiency in developing quality products. As there is an increasing demand for superior quality products from customers, there is a growing preference for HSS metal cutting tools such as milling tools, drilling tools, tapping tools, reaming tools, counter-boring tools, broaching tools, and gear-cutting tools which are expected to drive the market growth during the forecast period. 

Major Challenges

Fluctuating raw material prices is a significant challenge hindering the metal-cutting tools market growth. Some of the key raw materials to manufacture machine tools for drilling, boring, lathes, gear cutting, grinding, and polishing machines include iron and steel, aluminum, stainless steel, titanium, brass, copper, and other alloys. Hence, fluctuations in the prices of these raw materials can increase the manufacturing cost and significantly affect the profit margins. Thus, such factors are expected to hinder the market growth during the forecast period.

 Metal Cutting Tools Market - Regional Analysis

The market is segmented by region North America, Europe, APAC, South America, and Middle East and Africa. An analysis of key leading countries has been included.

• APAC is estimated to account for 47% of the growth of the global market during the forecast period. Factors such as the rising number of construction activities in developing economies and the increasing government spending on the development of infrastructure will drive the growth of the metal-cutting tools market in APAC. Also, the rise in commercial and residential constructions is expected to drive the metal-cutting market growth during the forecast period.

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What are the key data covered in this Metal Cutting Tools Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Metal Cutting Tools Market between 2023 and 2027
• Precise estimation of the size of the Metal Cutting Tools Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Metal Cutting Tools Market industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Metal Cutting Tools Market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global metal cutting tools market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global metal cutting tools market 2017 - 2021 ($ million)

• 4.2 Geography Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Application Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Milling tools - Market size and forecast 2022-2027
• Exhibit 34: Chart on Milling tools - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Milling tools - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Milling tools - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Milling tools - Year-over-year growth 2022-2027 (%)

• 6.4 Drilling tools - Market size and forecast 2022-2027
• Exhibit 38: Chart on Drilling tools - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Drilling tools - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Drilling tools - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Drilling tools - Year-over-year growth 2022-2027 (%)

• 6.5 Other tools - Market size and forecast 2022-2027
• Exhibit 42: Chart on Other tools - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Other tools - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Other tools - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Other tools - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Automotive - Market size and forecast 2022-2027
• Exhibit 51: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 7.4 Construction - Market size and forecast 2022-2027
• Exhibit 55: Chart on Construction - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Construction - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Construction - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Construction - Year-over-year growth 2022-2027 (%)

• 7.5 Aerospace and defense - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)

• 7.6 Electronics - Market size and forecast 2022-2027
• Exhibit 63: Chart on Electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Electronics - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 71: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 113: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 AMADA Co. Ltd. 
• Exhibit 124: AMADA Co. Ltd. - Overview
• Exhibit 125: AMADA Co. Ltd. - Business segments
• Exhibit 126: AMADA Co. Ltd. - Key news
• Exhibit 127: AMADA Co. Ltd. - Key offerings
• Exhibit 128: AMADA Co. Ltd. - Segment focus

• 12.4 Berkenhoff GmbH 
• Exhibit 129: Berkenhoff GmbH - Overview
• Exhibit 130: Berkenhoff GmbH - Product / Service
• Exhibit 131: Berkenhoff GmbH - Key offerings

• 12.5 Colfax Corp. 
• Exhibit 132: Colfax Corp. - Overview
• Exhibit 133: Colfax Corp. - Product / Service
• Exhibit 134: Colfax Corp. - Key offerings

• 12.6 DMG MORI Co Ltd 
• Exhibit 135: DMG MORI Co Ltd - Overview
• Exhibit 136: DMG MORI Co Ltd - Business segments
• Exhibit 137: DMG MORI Co Ltd - Key offerings
• Exhibit 138: DMG MORI Co Ltd - Segment focus

• 12.7 FANUC Corp. 
• Exhibit 139: FANUC Corp. - Overview
• Exhibit 140: FANUC Corp. - Product / Service
• Exhibit 141: FANUC Corp. - Key offerings

• 12.8 Gedik Welding Inc 
• Exhibit 142: Gedik Welding Inc - Overview
• Exhibit 143: Gedik Welding Inc - Product / Service
• Exhibit 144: Gedik Welding Inc - Key offerings

• 12.9 Illinois Tool Works Inc. 
• Exhibit 145: Illinois Tool Works Inc. - Overview
• Exhibit 146: Illinois Tool Works Inc. - Business segments
• Exhibit 147: Illinois Tool Works Inc. - Key offerings
• Exhibit 148: Illinois Tool Works Inc. - Segment focus

• 12.10 IPG Photonics Corp. 
• Exhibit 149: IPG Photonics Corp. - Overview
• Exhibit 150: IPG Photonics Corp. - Product / Service
• Exhibit 151: IPG Photonics Corp. - Key offerings

• 12.11 Jenoptik AG 
• Exhibit 152: Jenoptik AG - Overview
• Exhibit 153: Jenoptik AG - Business segments
• Exhibit 154: Jenoptik AG - Key news
• Exhibit 155: Jenoptik AG - Key offerings
• Exhibit 156: Jenoptik AG - Segment focus

• 12.12 Jinan SENFENG Technology Co. Ltd 
• Exhibit 157: Jinan SENFENG Technology Co. Ltd - Overview
• Exhibit 158: Jinan SENFENG Technology Co. Ltd - Product / Service
• Exhibit 159: Jinan SENFENG Technology Co. Ltd - Key offerings

• 12.13 Kobe Steel Ltd. 
• Exhibit 160: Kobe Steel Ltd. - Overview
• Exhibit 161: Kobe Steel Ltd. - Business segments
• Exhibit 162: Kobe Steel Ltd. - Key offerings
• Exhibit 163: Kobe Steel Ltd. - Segment focus

• 12.14 Laserline GmbH 
• Exhibit 164: Laserline GmbH - Overview
• Exhibit 165: Laserline GmbH - Product / Service
• Exhibit 166: Laserline GmbH - Key offerings

• 12.15 Mitsubishi Electric Corp. 
• Exhibit 167: Mitsubishi Electric Corp. - Overview
• Exhibit 168: Mitsubishi Electric Corp. - Business segments
• Exhibit 169: Mitsubishi Electric Corp. - Key news
• Exhibit 170: Mitsubishi Electric Corp. - Key offerings
• Exhibit 171: Mitsubishi Electric Corp. - Segment focus

• 12.16 Sandvik Coromant 
• Exhibit 172: Sandvik Coromant - Overview
• Exhibit 173: Sandvik Coromant - Product / Service
• Exhibit 174: Sandvik Coromant - Key offerings

• 12.17 TRUMPF SE Co. KG 
• Exhibit 175: TRUMPF SE Co. KG - Overview
• Exhibit 176: TRUMPF SE Co. KG - Business segments
• Exhibit 177: TRUMPF SE Co. KG - Key offerings
• Exhibit 178: TRUMPF SE Co. KG - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

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