Metal Cutting Tools Market

In the context of machining, a cutting tool 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, plaining and similar operations, and remove material by means of one cutting edge. Milling and drilling tools are often multipoint tools. Grinding 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.

Metal Cutting Tools Market contains market size and forecasts of Metal Cutting Tools in global, including the following market information:

Global Metal Cutting Tools Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Metal Cutting Tools Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Metal Cutting Tools companies in 2021 (%)

The global Metal Cutting Tools market was valued at 25590 million in 2021 and is projected to reach US$ 35040 million by 2028, at a CAGR of 4.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Cemented Carbide Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Metal Cutting Tools include Sandvik, Kennametal, Iscar, OSG, Mitsubishi, Kyocera, Sumitomo, Mapal and Nachi-Fujikoshi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Metal Cutting Tools manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Metal Cutting Tools Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Metal Cutting Tools Market Segment Percentages, by Type, 2021 (%)

Cemented Carbide

High Speed Steel

Ceramics

Diamond

Others

Global Metal Cutting Tools Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Metal Cutting Tools Market Segment Percentages, by Application, 2021 (%)

Machinery Industry

Automotive Industry

Aerospace Industry

Energy Industry

Global Metal Cutting Tools Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Metal Cutting Tools Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Metal Cutting Tools revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Metal Cutting Tools revenues share in global market, 2021 (%)

Key companies Metal Cutting Tools sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Metal Cutting Tools sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Sandvik

Kennametal

Iscar

OSG

Mitsubishi

Kyocera

Sumitomo

Mapal

Nachi-Fujikoshi

LMT

ZCCCT

YG-1

Shanghai Tool

Korloy

Union Tool

Tiangong

Guhring

Harbin No.1 Tool

Tivoly

Ceratizit

Hitachi

Feidadrills

Chengdu Chengliang

BIG Kaiser

Addison

Hanjiang

EST Tools

Xiamen Golden Erge

AHNO

Sandhog