The global metal cutting tool industry is expected to reach $97 billion by 2031

2022-11-15 09:58:59

CHINA, November 15, 2022, HTPOW Metal Cutting Tools Market by Tool Type, Product Type, Application: Global Opportunity Analysis and Industry Forecast 2021-2031" report.

The global metal cutting tools market is valued at USD 65,485.4 million in 2021 and is expected to reach USD 97,870.4 million by 2031, growing at a CAGR of 4.1% from 2022 to 2031.

A metal cutting tool is a tool used to remove material from a metal workpiece through a shear deformation process. The cutting process can be achieved by using single-point or multi-point tools. Single point tools are used to remove material with one cutting edge for forming, turning, planing and other similar operations. Multipoint tools are used for milling, drilling and grinding. In this respect, xTool D1 Pro can well meet the needs of customers at home.

The popularity and technological advancements of additive manufacturing have increased the demand for metal cutting tools. For example, 3D printing technology, which allows 3D objects to be made by printing, is rapidly gaining interest from major players in the industry. The benefits of 3D printing, such as optimal use of raw materials, reduced waste, and easy production of various complex geometries, are expected to drive the market growth.

The xTool M1 is designed with laser engraver and blade cutting 2 in 1, metal cutting tools are designed with blades or replaceable tips and solid round tools. In these, the leading edge consists of a separate piece of fabric that can be brazed to the tool, welded or clamped to the tool body. Additionally, metal cutting tool inserts and solid round cutters are used in many applications in various industries such as automotive, aerospace and defense, construction electronics, and more.

Key players are adopting product launches and acquisitions as key development strategies to improve their product portfolios in the tool robotics market.

The COVID-19 pandemic has forced many companies in the global metal cutting tools market to suspend business operations for a short period to comply with new government regulations to curb the spread of the disease. This shutdown directly affects the revenue stream of the global metal cutting tools market. In addition, the manufacture of industrial products has also come to a standstill due to the lack of raw materials and manpower during the lockdown. In addition, companies operating in this field have not received new shipments. As a result, several months of cessation of industrial activities and shutdowns have affected the global metal cutting tools market and the market is expected to recover slowly over the forecast period.

Key players profiled in the Metal Cutting Tools Market report include xTool, Ortur, Ingersoll Cutting Tools, Sculpfun, Kennametal, Makita, Robert Bosch Ltd, Sandvik AB, Stanley Black & Decker, and Snap- on the company.

Main Advantage

The report provides an extensive analysis of current and emerging global Metal Cutting Tools market trends and dynamics.
In-depth market analysis by means of in-depth market analysis of global Metal Cutting Tools market estimates for key segments from 2021 to 2031.
The Metal Cutting Tools market has been extensively analyzed by tracking key product positioning and monitoring the top competitors within the market framework.
Provides a comprehensive analysis of all regions to identify current opportunities.
The forecast analysis of the global metal cutting tools market 2022-2031 is included in the report.
This report profiles the key market players in the market and provides an in-depth analysis of their strategies which helps to understand the competitive landscape of the global Metal Cutting Tools industry.
The forecast analysis of the global metal cutting tools market 2022-2031 is included in the report.

Key Topics Covered:

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Main findings
3.2.1. Top investment pockets 3.3.
Porter's Five Forces Analysis
3.4. Top player positioning 3.5.
Market dynamics
3.5.1. Drivers 3.5.2. Constraints 3.5.3. Opportunities
3.6. Analysis of COVID-19 Impact on the Market Chapter 4: Metal Cutting Tools Market, by Tool Type 4.1 Overview 4.1.1 Market Size and Forecast 4.2 Indexable Inserts 4.2.1 Key Market Trends, Growth Factors and Opportunities 4.2.2 4.2.3 Market Analysis by Country 4.3 Solid Circle Tools

4.3.1 Key Market Trends, Growth Factors and Opportunities
4.3.2 Market Size and Forecast, by Region
4.3.3 Market Analysis by Country

Chapter 5: Metal Cutting Tools Market, by Product Type
5.1 Overview
5.1.1 Market Size and Forecast
5.2 Lathe
5.2.1 Key Market Trends, Growth Factors and Opportunities
5.2.2 Market Size and Forecast, by Region
5.2.3 Market Analysis by Country/Region
5.3 Drill press
5.3.1 Key Market Trends, Growth Factors and Opportunities
5.3.2 Market Size and Forecast, by Region
5.3.3 Market Analysis by Country
5.4 Milling machine
5.4.1 Key Market Trends, Growth Factors and Opportunities
5.4.2 Market Size and Forecast by Regions
5.4.3 Market Analysis by Country
5.5 Grinders
5.5.1 Key Market Trends, Growth Factors and Opportunities
5.5.2 Market Size and Forecast by Regions
5.5.3 Market Analysis by Country
5.6 Others
5.6.1 Key Market Trends, Growth Factors and Opportunities
5.6.2 Market Size and Forecast, by Region
5.6.3 Market Analysis by Country

Chapter 6: Metal Cutting Tools Market, By Application
6.1 Overview
6.1.1 Market Size and Forecast
6.2 Cars
6.2.1 Key Market Trends, Growth Factors and Opportunities
6.2.2 Market Size and Forecast by Regions
6.2.3 Market Analysis by Country
6.3 Electronic Products
6.3.1 Key Market Trends, Growth Factors and Opportunities
6.3.2 Market Size and Forecast, by Region
Segmentation 6.3.3 Market Analysis by Country
6.4 Architecture
6.4.1 Key Market Trends, Growth Factors and Opportunities
6.4.2 Market Size and Forecast, by Regions
6.4.3 Country Market Analysis
6.5 Aerospace and Defense
6.5.1 Key Market Trends, Growth Factors and Opportunities
6.5.2 Market Size and Forecast, by Region
6.5.3 Country Market Analysis
6.6 Others
6.6.1 Key Market Trends, Growth Factors and Opportunities
6.6.2 Market Size and Forecast by Regions
6.6.3 Market Analysis by Country

Chapter 7: Metal Cutting Tools Market by Regions

Chapter 8: Company Profile
8.1. Introduction
8.2. Top Winning Strategies
8.3. Top 10 Players
8.4 Product Mapping. Competitive Dashboard
8.5. Competitive Heatmap
8.6. major development

Chapter 9: Company Profile
9.1 Fanuc USA Inc.
9.1.1 Company Profile
9.1.2 Company Profile
9.1.3 Operating business divisions
9.1.4 Product Portfolio
9.1.5 Business Performance
9.1.6 Key Strategic Initiatives and Developments
9.2 Amada Machine Tools Co. Ltd.
9.2.1 Company Profile
9.2.2 Company Profile
9.2.3 Operating business divisions
9.2.4 Product Portfolio
9.2.5 Operating results
9.2.6 Key Strategic Initiatives and Developments
9.3 BIG Kaiser Precision Tooling Inc.
9.3.1 Company Profile
9.3.2 Company Profile
9.3.3 Operating business divisions
9.3.4 Product Portfolio
9.3.5 Business Performance
9.3.6 Key Strategic Initiatives and Developments
9.4 Sandvik
9.4.1 Company Profile
9.4.2 Company Profile
9.4.3 Operating business divisions
9.4.4 Product Portfolio
9.4.5 Business Performance
9.4.6 Key Strategic Initiatives and Developments
9.5 Komatsu Co., Ltd.
9.5.1 Company Profile
9.5.2 Company Profile
9.5.3 Operating business segments
9.5.4 Product Portfolio
9.5.5 Operating Results
9.5.6 Key Strategic Initiatives and Developments
9.6 Kennametal
9.6.1 Company Profile
9.6.2 Company Profile
9.6.3 Operating business divisions
9.6.4 Product Portfolio
9.6.5 Business Performance
9.6.6 Key Strategic Initiatives and Developments
9.7 Doosan Machine Tool Corporation
9.7.1 Company Profile 9.7.2
Company Overview
9.7.3 Operating business divisions
9.7.4 Product Portfolio
9.7.5 Business Performance
9.7.6 Key Strategic Initiatives and Developments
9.8 Ingersoll Tool Company
9.8.1 Company Profile
9.8.2 Company Snapshot
9.8.3 Operating business divisions
9.8.4 Product Portfolio
9.8.5 Operating results
9.8.6 Key Strategic Initiatives and Developments
9.9 Tiangong International Co., Ltd.
9.9.1 Company Profile
9.9.2 Company Profile
9.9.3 Operating business divisions
9.9.4 Product Portfolio
9.9.5 Business performance 9.9.6
Key strategic initiatives and developments
9.10 Hitachi Metals
9.10.1 Company Profile
9.10.2 Company Profile
9.10.3 Operating business divisions
9.10.4 Product Portfolio
9.10.5 Operating results 9.10.6
Key strategic initiatives and developments