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The metal cutting tools market is forecasted to grow by USD 7.26 bn during 2023-2028, accelerating at a CAGR of 5.86% during the forecast period. The report on the metal cutting tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for metal parts in major end-user industries, a growing market for high-speed steel-cutting tools, and an increasing need to develop superior-quality products.
The metal cutting tools market is segmented as below:
By Product
- Milling tools
- Drilling tools
- Other tools
By Application
- Automotive
- Construction
- Industrial
- Aerospace and defense
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the metal cutting tools market covers the following areas:
- Metal cutting tools market sizing
- Metal cutting tools market forecast
- Metal cutting tools market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces 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
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global metal cutting tools market: 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, Mitsubishi Electric Corp., Sandvik AB, Schlatter Industries AG, The Lincoln Electric Co., TRUMPF SE Co. KG, and Manufacturing Technology Inc..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is additive manufacturing.'
According to the report, one of the major drivers for this market is the increasing demand for metal parts in major end-user industries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
- Mitsubishi Electric Corp.
- Sandvik AB
- Schlatter Industries AG
- The Lincoln Electric Co.
- TRUMPF SE Co. KG
- Manufacturing Technology Inc.