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Asia Pacific Metal Cutting Tool Market Size, Share & Industry Trends Analysis Report By Product Type (Lathe, Milling Machine, Drilling Machine, Grinding Machine, and Others), By Application, By Tool Type, By Country and Growth Forecast, 2023 - 2030

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    Report

  • October 2023
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5935861
The Asia Pacific Metal Cutting Tool Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,936.3 thousand units, showcasing a growth of 4.2% (2019-2022).

Stringent environmental and safety regulations have led to the adoption of eco-friendly cutting tools and processes. Manufacturers are increasingly inclined to invest in tools that reduce waste and emissions. To remain competitive, businesses must adopt the latest technologies and techniques. The proficiency of the workforce in using these tools affects adoption. Adequate training is essential to maximize the benefits of these tools and ensure safe operation.

Superhard materials are gaining popularity due to their exceptional wear resistance, making them ideal for machining hard materials and composites. Coating technologies have seen remarkable advancements, improving the performance of these tools. High-speed machining is increasingly adopted to improve productivity and reduce cycle times. This trend involves using advanced CNC (computer numerical control) machines and cutting tools capable of high rotational speeds and feeds.

The electronics industry in Asia Pacific is vibrant and changing quickly. China's electronics manufacturing sector continued to expand steadily throughout the first two months of the year, as per statistics released by the State Council of the Government of China in 2022. According to research by the China Academy of Information and Communications Technology, from January to February 2022, the added value of major electronics manufacturers rose 12.7 percent year-on-year, compared with the 7.5 percent growth seen in the overall industrial sector. Therefore, the electronics industry growth in countries like China and India will increase the demand for these in the Asia Pacific region.

The China market dominated the Asia Pacific Metal Cutting Tool Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,864.4 Million by 2030. The Japan market is registering a CAGR of 4.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.7% during (2023 - 2030).

Based on Product Type, the market is segmented into Lathe, Milling Machine, Drilling Machine, Grinding Machine, and Others. Based on Application, the market is segmented into Automotive, Electronics, Construction, Aerospace & Defense, and Others. Based on Tool Type, the market is segmented into Solid Round Tools, and Indexable Inserts. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Proterial, Ltd (Hitachi, Ltd), TRUMPF SE + Co. KG, Tiangong International Company Limited, Kennametal Inc., FANUC Corporation, Berkshire Hathaway, Inc. (International Dairy Queen Inc.), Sandvik AB, Amada Co., Ltd., Komatsu Ltd., and Okuma Corporation.

Scope of the Study

Market Segments Covered in the Report:

By Product Type (Volume, Thousand Units, USD Billion, 2019 to 2030)
  • Lathe
  • Milling Machine
  • Drilling Machine
  • Grinding Machine
  • Others
By Application (Volume, Thousand Units, USD Billion, 2019 to 2030)
  • Automotive
  • Electronics
  • Construction
  • Aerospace & Defense
  • Others
By Tool Type (Volume, Thousand Units, USD Billion, 2019 to 2030)
  • Solid Round Tools
  • Indexable Inserts
By Country (Volume, Thousand Units, USD Billion, 2019 to 2030)
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Proterial, Ltd (Hitachi, Ltd)
  • TRUMPF SE + Co. KG
  • Tiangong International Company Limited
  • Kennametal Inc.
  • FANUC Corporation
  • Berkshire Hathaway, Inc. (International Dairy Queen Inc.)
  • Sandvik AB
  • Amada Co., Ltd.
  • Komatsu Ltd.
  • Okuma Corporation

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Metal Cutting Tool Market, by Product Type
1.4.2 Asia Pacific Metal Cutting Tool Market, by Application
1.4.3 Asia Pacific Metal Cutting Tool Market, by Tool Type
1.4.4 Asia Pacific Metal Cutting Tool Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Jun - 2023, Aug) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Asia Pacific Metal Cutting Tool Market, by Product Type
5.1 Asia Pacific Lathe Market, by Country
5.2 Asia Pacific Milling Machine Market, by Country
5.3 Asia Pacific Drilling Machine Market, by Country
5.4 Asia Pacific Grinding Machine Market, by Country
5.5 Asia Pacific Others Market, by Country
Chapter 6. Asia Pacific Metal Cutting Tool Market, by Application
6.1 Asia Pacific Automotive Market, by Country
6.2 Asia Pacific Electronics Market, by Country
6.3 Asia Pacific Construction Market, by Country
6.4 Asia Pacific Aerospace & Defense Market, by Country
6.5 Asia Pacific Others Market, by Country
Chapter 7. Asia Pacific Metal Cutting Tool Market, by Tool Type
7.1 Asia Pacific Solid Round Tools Market, by Country
7.2 Asia Pacific Indexable Inserts Market, by Country
Chapter 8. Asia Pacific Metal Cutting Tool Market, by Country
8.1 China Metal Cutting Tool Market
8.1.1 China Metal Cutting Tool Market, by Product Type
8.1.2 China Metal Cutting Tool Market, by Application
8.1.3 China Metal Cutting Tool Market, by Tool Type
8.2 Japan Metal Cutting Tool Market
8.2.1 Japan Metal Cutting Tool Market, by Product Type
8.2.2 Japan Metal Cutting Tool Market, by Application
8.2.3 Japan Metal Cutting Tool Market, by Tool Type
8.3 India Metal Cutting Tool Market
8.3.1 India Metal Cutting Tool Market, by Product Type
8.3.2 India Metal Cutting Tool Market, by Application
8.3.3 India Metal Cutting Tool Market, by Tool Type
8.4 South Korea Metal Cutting Tool Market
8.4.1 South Korea Metal Cutting Tool Market, by Product Type
8.4.2 South Korea Metal Cutting Tool Market, by Application
8.4.3 South Korea Metal Cutting Tool Market, by Tool Type
8.5 Singapore Metal Cutting Tool Market
8.5.1 Singapore Metal Cutting Tool Market, by Product Type
8.5.2 Singapore Metal Cutting Tool Market, by Application
8.5.3 Singapore Metal Cutting Tool Market, by Tool Type
8.6 Malaysia Metal Cutting Tool Market
8.6.1 Malaysia Metal Cutting Tool Market, by Product Type
8.6.2 Malaysia Metal Cutting Tool Market, by Application
8.6.3 Malaysia Metal Cutting Tool Market, by Tool Type
8.7 Rest of Asia Pacific Metal Cutting Tool Market
8.7.1 Rest of Asia Pacific Metal Cutting Tool Market, by Product Type
8.7.2 Rest of Asia Pacific Metal Cutting Tool Market, by Application
8.7.3 Rest of Asia Pacific Metal Cutting Tool Market, by Tool Type
Chapter 9. Company Profiles
9.1 Proterial, Ltd (Hitachi, Ltd)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 TRUMPF SE + Co. KG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Tiangong International Company Limited
9.3.1 Company Overview
9.3.2 SWOT Analysis
9.4 Kennametal Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 FANUC Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 Berkshire Hathaway, Inc. (International Dairy Queen Inc.)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 SWOT Analysis
9.7 Sandvik AB
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Amada Co., Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Komatsu Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Okuma Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Companies Mentioned

  • Proterial, Ltd (Hitachi, Ltd)
  • TRUMPF SE + Co. KG
  • Tiangong International Company Limited
  • Kennametal Inc.
  • FANUC Corporation
  • Berkshire Hathaway, Inc. (International Dairy Queen Inc.)
  • Sandvik AB
  • Amada Co., Ltd.
  • Komatsu Ltd.
  • Okuma Corporation

Methodology

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