Cutting Tools Market, Global Outlook and Forecast 2023-2029

Report ID: MMG45598 | Category: Machinery & Equipment | Pages: 124 | Format: PDF | Published Date: February 21,2023

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Report Description
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Report Summary

In the context of machining, a cutting tool or cutter 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, planing and similar operations, and remove material by means of one cutting edge. Machinery Industry and drilling tools are often multipoint tools. Energy Industry 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.
This report aims to provide a comprehensive presentation of the global market for Cutting Tools, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cutting Tools. This report contains market size and forecasts of Cutting Tools in global, including the following market information:
Global Cutting Tools Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Cutting Tools Market Sales, 2018-2023, 2024-2029, (M Units)
Global top five Cutting Tools companies in 2022 (%)
The global Cutting Tools market was valued at US$ 24690 million in 2022 and is projected to reach US$ 36260 million by 2029, at a CAGR of 5.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global cutting tools key players include Sandvik, IMC Group, Mitsubishi, Kennametal, OSG etc. Global top 5 manufacturers hold a share over 40%. 
Europe is the largest market, with a share about 30%, followed by North America and China, both have a share over 48% percent. 
In terms of product, high speed steel is the largest segment, with a share over 45%. And in terms of application, the largest application is machinery, followed by automotive.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the 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 Cutting Tools Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Cutting Tools Market Segment Percentages, by Type, 2022 (%)
    Cemented Carbide
    High Speed Steel
    Ceramics
    Diamond
    Others
Global Cutting Tools Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Cutting Tools Market Segment Percentages, by Application, 2022 (%)
    Machinery
    Automotive
    Aerospace
    Energy
    Others
Global Cutting Tools Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Units)
Global Cutting Tools Market Segment Percentages, By Region and Country, 2022 (%)
    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 Cutting Tools revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Cutting Tools revenues share in global market, 2022 (%)
Key companies Cutting Tools sales in global market, 2018-2023 (Estimated), (M Units)
Key companies Cutting Tools sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Sandvik
    IMC Group
    Mitsubishi
    Kennametal
    OSG
    Sumitomo Electric
    Mapal
    Kyocera
    YG-1
    Nachi-Fujikoshi
    ZCC·CT
    Union Tool
    Korloy
    LMT
    Ceratizit
    Jiangsu Tiangong Tools Co., Ltd.
    Shanghai Tool Works Co., Ltd.
    OKE Precision Cutting Tools Co., Ltd.
    Guhring
    Tivoly
Outline of Major Chapters:
Chapter 1: Introduces the definition of Cutting Tools, market overview.
Chapter 2: Global Cutting Tools market size in revenue and volume.
Chapter 3: Detailed analysis of Cutting Tools manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Cutting Tools in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Cutting Tools capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Cutting Tools Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Cutting Tools Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Cutting Tools Overall Market Size
    2.1 Global Cutting Tools Market Size: 2022 VS 2029
    2.2 Global Cutting Tools Revenue, Prospects & Forecasts: 2018-2029
    2.3 Global Cutting Tools Sales: 2018-2029
3 Company Landscape
    3.1 Top Cutting Tools Players in Global Market
    3.2 Top Global Cutting Tools Companies Ranked by Revenue
    3.3 Global Cutting Tools Revenue by Companies
    3.4 Global Cutting Tools Sales by Companies
    3.5 Global Cutting Tools Price by Manufacturer (2018-2023)
    3.6 Top 3 and Top 5 Cutting Tools Companies in Global Market, by Revenue in 2022
    3.7 Global Manufacturers Cutting Tools Product Type
    3.8 Tier 1, Tier 2 and Tier 3 Cutting Tools Players in Global Market
        3.8.1 List of Global Tier 1 Cutting Tools Companies
        3.8.2 List of Global Tier 2 and Tier 3 Cutting Tools Companies
4 Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Cutting Tools Market Size Markets, 2022 & 2029
        4.1.2 Cemented Carbide
        4.1.3 High Speed Steel
        4.1.4 Ceramics
        4.1.5 Diamond
        4.1.6 Others
    4.2 By Type - Global Cutting Tools Revenue & Forecasts
        4.2.1 By Type - Global Cutting Tools Revenue, 2018-2023
        4.2.2 By Type - Global Cutting Tools Revenue, 2024-2029
        4.2.3 By Type - Global Cutting Tools Revenue Market Share, 2018-2029
    4.3 By Type - Global Cutting Tools Sales & Forecasts
        4.3.1 By Type - Global Cutting Tools Sales, 2018-2023
        4.3.2 By Type - Global Cutting Tools Sales, 2024-2029
        4.3.3 By Type - Global Cutting Tools Sales Market Share, 2018-2029
    4.4 By Type - Global Cutting Tools Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Cutting Tools Market Size, 2022 & 2029
        5.1.2 Machinery
        5.1.3 Automotive
        5.1.4 Aerospace
        5.1.5 Energy
        5.1.6 Others
    5.2 By Application - Global Cutting Tools Revenue & Forecasts
        5.2.1 By Application - Global Cutting Tools Revenue, 2018-2023
        5.2.2 By Application - Global Cutting Tools Revenue, 2024-2029
        5.2.3 By Application - Global Cutting Tools Revenue Market Share, 2018-2029
    5.3 By Application - Global Cutting Tools Sales & Forecasts
        5.3.1 By Application - Global Cutting Tools Sales, 2018-2023
        5.3.2 By Application - Global Cutting Tools Sales, 2024-2029
        5.3.3 By Application - Global Cutting Tools Sales Market Share, 2018-2029
    5.4 By Application - Global Cutting Tools Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
    6.1 By Region - Global Cutting Tools Market Size, 2022 & 2029
    6.2 By Region - Global Cutting Tools Revenue & Forecasts
        6.2.1 By Region - Global Cutting Tools Revenue, 2018-2023
        6.2.2 By Region - Global Cutting Tools Revenue, 2024-2029
        6.2.3 By Region - Global Cutting Tools Revenue Market Share, 2018-2029
    6.3 By Region - Global Cutting Tools Sales & Forecasts
        6.3.1 By Region - Global Cutting Tools Sales, 2018-2023
        6.3.2 By Region - Global Cutting Tools Sales, 2024-2029
        6.3.3 By Region - Global Cutting Tools Sales Market Share, 2018-2029
    6.4 North America
        6.4.1 By Country - North America Cutting Tools Revenue, 2018-2029
        6.4.2 By Country - North America Cutting Tools Sales, 2018-2029
        6.4.3 US Cutting Tools Market Size, 2018-2029
        6.4.4 Canada Cutting Tools Market Size, 2018-2029
        6.4.5 Mexico Cutting Tools Market Size, 2018-2029
    6.5 Europe
        6.5.1 By Country - Europe Cutting Tools Revenue, 2018-2029
        6.5.2 By Country - Europe Cutting Tools Sales, 2018-2029
        6.5.3 Germany Cutting Tools Market Size, 2018-2029
        6.5.4 France Cutting Tools Market Size, 2018-2029
        6.5.5 U.K. Cutting Tools Market Size, 2018-2029
        6.5.6 Italy Cutting Tools Market Size, 2018-2029
        6.5.7 Russia Cutting Tools Market Size, 2018-2029
        6.5.8 Nordic Countries Cutting Tools Market Size, 2018-2029
        6.5.9 Benelux Cutting Tools Market Size, 2018-2029
    6.6 Asia
        6.6.1 By Region - Asia Cutting Tools Revenue, 2018-2029
        6.6.2 By Region - Asia Cutting Tools Sales, 2018-2029
        6.6.3 China Cutting Tools Market Size, 2018-2029
        6.6.4 Japan Cutting Tools Market Size, 2018-2029
        6.6.5 South Korea Cutting Tools Market Size, 2018-2029
        6.6.6 Southeast Asia Cutting Tools Market Size, 2018-2029
        6.6.7 India Cutting Tools Market Size, 2018-2029
    6.7 South America
        6.7.1 By Country - South America Cutting Tools Revenue, 2018-2029
        6.7.2 By Country - South America Cutting Tools Sales, 2018-2029
        6.7.3 Brazil Cutting Tools Market Size, 2018-2029
        6.7.4 Argentina Cutting Tools Market Size, 2018-2029
    6.8 Middle East & Africa
        6.8.1 By Country - Middle East & Africa Cutting Tools Revenue, 2018-2029
        6.8.2 By Country - Middle East & Africa Cutting Tools Sales, 2018-2029
        6.8.3 Turkey Cutting Tools Market Size, 2018-2029
        6.8.4 Israel Cutting Tools Market Size, 2018-2029
        6.8.5 Saudi Arabia Cutting Tools Market Size, 2018-2029
        6.8.6 UAE Cutting Tools Market Size, 2018-2029
7 Manufacturers & Brands Profiles
    7.1 Sandvik
        7.1.1 Sandvik Company Summary
        7.1.2 Sandvik Business Overview
        7.1.3 Sandvik Cutting Tools Major Product Offerings
        7.1.4 Sandvik Cutting Tools Sales and Revenue in Global (2018-2023)
        7.1.5 Sandvik Key News & Latest Developments
    7.2 IMC Group
        7.2.1 IMC Group Company Summary
        7.2.2 IMC Group Business Overview
        7.2.3 IMC Group Cutting Tools Major Product Offerings
        7.2.4 IMC Group Cutting Tools Sales and Revenue in Global (2018-2023)
        7.2.5 IMC Group Key News & Latest Developments
    7.3 Mitsubishi
        7.3.1 Mitsubishi Company Summary
        7.3.2 Mitsubishi Business Overview
        7.3.3 Mitsubishi Cutting Tools Major Product Offerings
        7.3.4 Mitsubishi Cutting Tools Sales and Revenue in Global (2018-2023)
        7.3.5 Mitsubishi Key News & Latest Developments
    7.4 Kennametal
        7.4.1 Kennametal Company Summary
        7.4.2 Kennametal Business Overview
        7.4.3 Kennametal Cutting Tools Major Product Offerings
        7.4.4 Kennametal Cutting Tools Sales and Revenue in Global (2018-2023)
        7.4.5 Kennametal Key News & Latest Developments
    7.5 OSG
        7.5.1 OSG Company Summary
        7.5.2 OSG Business Overview
        7.5.3 OSG Cutting Tools Major Product Offerings
        7.5.4 OSG Cutting Tools Sales and Revenue in Global (2018-2023)
        7.5.5 OSG Key News & Latest Developments
    7.6 Sumitomo Electric
        7.6.1 Sumitomo Electric Company Summary
        7.6.2 Sumitomo Electric Business Overview
        7.6.3 Sumitomo Electric Cutting Tools Major Product Offerings
        7.6.4 Sumitomo Electric Cutting Tools Sales and Revenue in Global (2018-2023)
        7.6.5 Sumitomo Electric Key News & Latest Developments
    7.7 Mapal
        7.7.1 Mapal Company Summary
        7.7.2 Mapal Business Overview
        7.7.3 Mapal Cutting Tools Major Product Offerings
        7.7.4 Mapal Cutting Tools Sales and Revenue in Global (2018-2023)
        7.7.5 Mapal Key News & Latest Developments
    7.8 Kyocera
        7.8.1 Kyocera Company Summary
        7.8.2 Kyocera Business Overview
        7.8.3 Kyocera Cutting Tools Major Product Offerings
        7.8.4 Kyocera Cutting Tools Sales and Revenue in Global (2018-2023)
        7.8.5 Kyocera Key News & Latest Developments
    7.9 YG-1
        7.9.1 YG-1 Company Summary
        7.9.2 YG-1 Business Overview
        7.9.3 YG-1 Cutting Tools Major Product Offerings
        7.9.4 YG-1 Cutting Tools Sales and Revenue in Global (2018-2023)
        7.9.5 YG-1 Key News & Latest Developments
    7.10 Nachi-Fujikoshi
        7.10.1 Nachi-Fujikoshi Company Summary
        7.10.2 Nachi-Fujikoshi Business Overview
        7.10.3 Nachi-Fujikoshi Cutting Tools Major Product Offerings
        7.10.4 Nachi-Fujikoshi Cutting Tools Sales and Revenue in Global (2018-2023)
        7.10.5 Nachi-Fujikoshi Key News & Latest Developments
    7.11 ZCC·CT
        7.11.1 ZCC·CT Company Summary
        7.11.2 ZCC·CT Cutting Tools Business Overview
        7.11.3 ZCC·CT Cutting Tools Major Product Offerings
        7.11.4 ZCC·CT Cutting Tools Sales and Revenue in Global (2018-2023)
        7.11.5 ZCC·CT Key News & Latest Developments
    7.12 Union Tool
        7.12.1 Union Tool Company Summary
        7.12.2 Union Tool Cutting Tools Business Overview
        7.12.3 Union Tool Cutting Tools Major Product Offerings
        7.12.4 Union Tool Cutting Tools Sales and Revenue in Global (2018-2023)
        7.12.5 Union Tool Key News & Latest Developments
    7.13 Korloy
        7.13.1 Korloy Company Summary
        7.13.2 Korloy Cutting Tools Business Overview
        7.13.3 Korloy Cutting Tools Major Product Offerings
        7.13.4 Korloy Cutting Tools Sales and Revenue in Global (2018-2023)
        7.13.5 Korloy Key News & Latest Developments
    7.14 LMT
        7.14.1 LMT Company Summary
        7.14.2 LMT Business Overview
        7.14.3 LMT Cutting Tools Major Product Offerings
        7.14.4 LMT Cutting Tools Sales and Revenue in Global (2018-2023)
        7.14.5 LMT Key News & Latest Developments
    7.15 Ceratizit
        7.15.1 Ceratizit Company Summary
        7.15.2 Ceratizit Business Overview
        7.15.3 Ceratizit Cutting Tools Major Product Offerings
        7.15.4 Ceratizit Cutting Tools Sales and Revenue in Global (2018-2023)
        7.15.5 Ceratizit Key News & Latest Developments
    7.16 Jiangsu Tiangong Tools Co., Ltd.
        7.16.1 Jiangsu Tiangong Tools Co., Ltd. Company Summary
        7.16.2 Jiangsu Tiangong Tools Co., Ltd. Business Overview
        7.16.3 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Major Product Offerings
        7.16.4 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Sales and Revenue in Global (2018-2023)
        7.16.5 Jiangsu Tiangong Tools Co., Ltd. Key News & Latest Developments
    7.17 Shanghai Tool Works Co., Ltd.
        7.17.1 Shanghai Tool Works Co., Ltd. Company Summary
        7.17.2 Shanghai Tool Works Co., Ltd. Business Overview
        7.17.3 Shanghai Tool Works Co., Ltd. Cutting Tools Major Product Offerings
        7.17.4 Shanghai Tool Works Co., Ltd. Cutting Tools Sales and Revenue in Global (2018-2023)
        7.17.5 Shanghai Tool Works Co., Ltd. Key News & Latest Developments
    7.18 OKE Precision Cutting Tools Co., Ltd.
        7.18.1 OKE Precision Cutting Tools Co., Ltd. Company Summary
        7.18.2 OKE Precision Cutting Tools Co., Ltd. Business Overview
        7.18.3 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Major Product Offerings
        7.18.4 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Sales and Revenue in Global (2018-2023)
        7.18.5 OKE Precision Cutting Tools Co., Ltd. Key News & Latest Developments
    7.19 Guhring
        7.19.1 Guhring Company Summary
        7.19.2 Guhring Business Overview
        7.19.3 Guhring Cutting Tools Major Product Offerings
        7.19.4 Guhring Cutting Tools Sales and Revenue in Global (2018-2023)
        7.19.5 Guhring Key News & Latest Developments
    7.20 Tivoly
        7.20.1 Tivoly Company Summary
        7.20.2 Tivoly Business Overview
        7.20.3 Tivoly Cutting Tools Major Product Offerings
        7.20.4 Tivoly Cutting Tools Sales and Revenue in Global (2018-2023)
        7.20.5 Tivoly Key News & Latest Developments
8 Global Cutting Tools Production Capacity, Analysis
    8.1 Global Cutting Tools Production Capacity, 2018-2029
    8.2 Cutting Tools Production Capacity of Key Manufacturers in Global Market
    8.3 Global Cutting Tools Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
    9.1 Market Opportunities & Trends
    9.2 Market Drivers
    9.3 Market Restraints
10 Cutting Tools Supply Chain Analysis
    10.1 Cutting Tools Industry Value Chain
    10.2 Cutting Tools Upstream Market
    10.3 Cutting Tools Downstream and Clients
    10.4 Marketing Channels Analysis
        10.4.1 Marketing Channels
        10.4.2 Cutting Tools Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
    12.1 Note
    12.2 Examples of Clients
    12.3 Disclaimer

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Cutting Tools Market, Global Outlook and Forecast 2023-2029

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