Metal-cutting tools market: Growth opportunities led by AMADA Co. Ltd, Amalgamations Group, Berkenhoff GmbH

NEW YORK, Dec 19, 2022 /PRNewswire/ — The metal cutting tools market size is forecast to increase by USD 5753.56 million from 2022 to 2027, at a CAGR of 4.91%, according to the recent market study by Technavio. The growth of the market will be driven by the increasing demand for metal parts in major end-user industries, the rise in construction activities in emerging nations of APAC, and the increasing need to develop superior-quality products.

Technavio categorizes the global metal-cutting tools market as a part of the global industrial machinery market. The global industrial machinery market covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

The market is segmented 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-Americaand Middle East and Africa).

Segmentation by product (milling tools, drilling tools, and other tools)

• Milling tools: The market share growth by the milling tools segment will be significant during the forecast period. The milling tools are used in milling machines. Milling cutters are classified into several types, including slitting cutters, milling cutters, end mills, and gear cutters. Several factors, such as the disruption in the supply of raw materials required to create milling cutters, as well as the unavailability of workers in milling cutter manufacturing plants, drove down milling cutter output volume. However, due to widespread vaccination programs, this scenario changed in 2021, and the market is experiencing positive development. As a result, the milling tools segment is predicted to expand throughout the forecast period.

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Technavio has extensively analyzed 15 major vendors, including 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., and TRUMPF SE Co. KG

Key benefits for industry players & stakeholders –

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.

• It also provides detailed analyzes of the market’s competitive landscape and vendors’ product offerings.

• The report also provides a qualitative and quantitative analysis of vendors 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, attempted, and weak.

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Customer landscape – Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

• 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.

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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 and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the metal-cutting tools market across APAC, Europe, North America, South-Americaand 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

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Force Analysis

6 Market Segmentation by Product

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio