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LAMEA 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: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5935669
The Latin America, Middle East and Africa Metal Cutting Tool Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 450.5 thousand units, showcasing a growth of 6.9% (2023-2030).

Manufacturers are seeking more sustainable cutting solutions as environmental awareness grows. This has led to the developing of eco-friendly cutting fluids, improved tool recycling programs, and reduced waste in metal cutting processes. Metal cutting tools are now used to produce additive manufacturing (3D printing) components, where post-processing is essential to achieve desired tolerances and surface finish. Integrating Industry 4.0 technologies, such as the Internet of Things (IoT) and artificial intelligence, has revolutionized the market.

Incorporating sensors and IoT technology into these allows real-time tool wear and temperature monitoring, providing valuable data for predictive maintenance and process optimization. Nanotechnology is employed to engineer cutting tools with nanostructured coatings, resulting in superior wear resistance and reduced friction, ultimately extending tool life. Additive manufacturing is used to produce complex tool geometries, enabling the creation of custom tools for specific applications. This innovation accelerates the tool development process.

The LAMEA region includes both emerging and developing economies. While countries like Brazil and South Africa have well-established construction industries, many others are still developing their infrastructure. As per the data provided by the International Trade Administration, the government of Brazil implemented several measures, including financial assistance from the Ministry of Finance and the national banking system, to facilitate new credit lines for the construction sector. The rise in construction industries in LAMEA region will help in the expansion of the market.

The Brazil market dominated the LAMEA Metal Cutting Tool Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,252.8 Million by 2030. The Argentina market is showcasing a CAGR of 5.9% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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)
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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 LAMEA Metal Cutting Tool Market, by Product Type
1.4.2 LAMEA Metal Cutting Tool Market, by Application
1.4.3 LAMEA Metal Cutting Tool Market, by Tool Type
1.4.4 LAMEA 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. LAMEA Metal Cutting Tool Market, by Product Type
5.1 LAMEA Lathe Market, by Country
5.2 LAMEA Milling Machine Market, by Country
5.3 LAMEA Drilling Machine Market, by Country
5.4 LAMEA Grinding Machine Market, by Country
5.5 LAMEA Others Market, by Country
Chapter 6. LAMEA Metal Cutting Tool Market, by Application
6.1 LAMEA Automotive Market, by Country
6.2 LAMEA Electronics Market, by Country
6.3 LAMEA Construction Market, by Country
6.4 LAMEA Aerospace & Defense Market, by Country
6.5 LAMEA Others Market, by Country
Chapter 7. LAMEA Metal Cutting Tool Market, by Tool Type
7.1 LAMEA Solid Round Tools Market, by Country
7.2 LAMEA Indexable Inserts Market, by Country
Chapter 8. LAMEA Metal Cutting Tool Market, by Country
8.1 Brazil Metal Cutting Tool Market
8.1.1 Brazil Metal Cutting Tool Market, by Product Type
8.1.2 Brazil Metal Cutting Tool Market, by Application
8.1.3 Brazil Metal Cutting Tool Market, by Tool Type
8.2 Argentina Metal Cutting Tool Market
8.2.1 Argentina Metal Cutting Tool Market, by Product Type
8.2.2 Argentina Metal Cutting Tool Market, by Application
8.2.3 Argentina Metal Cutting Tool Market, by Tool Type
8.3 UAE Metal Cutting Tool Market
8.3.1 UAE Metal Cutting Tool Market, by Product Type
8.3.2 UAE Metal Cutting Tool Market, by Application
8.3.3 UAE Metal Cutting Tool Market, by Tool Type
8.4 Saudi Arabia Metal Cutting Tool Market
8.4.1 Saudi Arabia Metal Cutting Tool Market, by Product Type
8.4.2 Saudi Arabia Metal Cutting Tool Market, by Application
8.4.3 Saudi Arabia Metal Cutting Tool Market, by Tool Type
8.5 South Africa Metal Cutting Tool Market
8.5.1 South Africa Metal Cutting Tool Market, by Product Type
8.5.2 South Africa Metal Cutting Tool Market, by Application
8.5.3 South Africa Metal Cutting Tool Market, by Tool Type
8.6 Nigeria Metal Cutting Tool Market
8.6.1 Nigeria Metal Cutting Tool Market, by Product Type
8.6.2 Nigeria Metal Cutting Tool Market, by Application
8.6.3 Nigeria Metal Cutting Tool Market, by Tool Type
8.7 Rest of LAMEA Metal Cutting Tool Market
8.7.1 Rest of LAMEA Metal Cutting Tool Market, by Product Type
8.7.2 Rest of LAMEA Metal Cutting Tool Market, by Application
8.7.3 Rest of LAMEA 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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