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. Milling and drilling tools are often multipoint tools. Grinding 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.

Scope of the Report:

In the Metal Cutting Tools market, Sandvik, Kennametal, Iscar, OSG respectively account for 3.88%, 1.62%, 1.24%, 1.06% market share in 2017, and the sum of the market share percentage held by the largest number of firms in this industry is less than 50%, which indicate that the Metal Cutting Tools industry is perfectly competitive and is considered low concentration. The reason is the manufacturing technology of Metal Cutting Tools is relatively more mature than some high-tech equipment.

In the coming years there is an increasing demand for Metal Cutting Tools in the regions of USA and Europe that is expected to drive the market for more advanced Metal Cutting Tools. Increasing of automotive fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Metal Cutting Tools will drive growth in China markets.

The Revenue of Metal Cutting Tools is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Metal Cutting Tools industry may not keep that fast. But it is surely forecasted that the market of Metal Cutting Tools is still promising.

The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.

With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Metal Cutting Tools market to approach these areas. QYR analysis of the Metal Cutting Tools market indicated that Asia would account for the highest consumption in 2022 with close to 25.97 percent of global revenue coming from this region, and it’s keeping grow as the increasing of the market. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.

Although the market competition of Metal Cutting Tools is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Metal Cutting Tools and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.

The worldwide market for Cutting Tools is expected to grow at a CAGR of roughly 2.4% over the next five years, will reach 39200 million US$ in 2024, from 34000 million US$ in 2019, according to a new study.

This report focuses on the Cutting Tools in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers

Sandvik

Kennametal

Iscar

OSG

Mitsubishi

Kyocera

Sumitomo

Mapal

Nachi-Fujikoshi

LMT

ZCCCT

YG-1

Shanghai Tool

Korloy

Union Tool

Tiangong

Guhring

Harbin No.1 Tool

Tivoly

Ceratizit

Hitachi

Feidadrills

Chengdu Chengliang

BIG Kaiser

Addison

Hanjiang

EST Tools

Xiamen Golden Erge

AHNO

Sandhog

Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

Cemented Carbide

High Speed Steel

Ceramics

Diamond

Others

Market Segment by Applications, can be divided into

Milling

Turning

Drilling

Grinding

Others

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Cutting Tools product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of Cutting Tools, with price, sales, revenue and global market share of Cutting Tools in 2017 and 2018.

Chapter 3, the Cutting Tools competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Cutting Tools breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.

Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.

Chapter 12, Cutting Tools market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.

Chapter 13, 14 and 15, to describe Cutting Tools sales channel, distributors, customers, research findings and conclusion, appendix and data source.

Table of Contents

1 Market Overview

1.1 Cutting Tools Introduction

1.2 Market Analysis by Type

1.2.1 Cemented Carbide

1.2.2 High Speed Steel

1.2.3 Ceramics

1.2.4 Diamond

1.2.5 Others

1.3 Market Analysis by Applications

1.3.1 Milling

1.3.2 Turning

1.3.3 Drilling

1.3.4 Grinding

1.3.5 Others

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook (2014-2024)

1.4.1.2 Canada Market States and Outlook (2014-2024)

1.4.1.3 Mexico Market States and Outlook (2014-2024)

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook (2014-2024)

1.4.2.2 France Market States and Outlook (2014-2024)

1.4.2.3 UK Market States and Outlook (2014-2024)

1.4.2.4 Russia Market States and Outlook (2014-2024)

1.4.2.5 Italy Market States and Outlook (2014-2024)

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook (2014-2024)

1.4.3.2 Japan Market States and Outlook (2014-2024)

1.4.3.3 Korea Market States and Outlook (2014-2024)

1.4.3.4 India Market States and Outlook (2014-2024)

1.4.3.5 Southeast Asia Market States and Outlook (2014-2024)

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook (2014-2024)

1.4.4.2 Egypt Market States and Outlook (2014-2024)

1.4.4.3 Saudi Arabia Market States and Outlook (2014-2024)

1.4.4.4 South Africa Market States and Outlook (2014-2024)

1.4.4.5 Turkey Market States and Outlook (2014-2024)

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

2.1 Sandvik

2.1.1 Business Overview

2.1.2 Cutting Tools Type and Applications

2.1.2.1 Product A

2.1.2.2 Product B

2.1.3 Sandvik Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.2 Kennametal

2.2.1 Business Overview

2.2.2 Cutting Tools Type and Applications

2.2.2.1 Product A

2.2.2.2 Product B

2.2.3 Kennametal Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.3 Iscar

2.3.1 Business Overview

2.3.2 Cutting Tools Type and Applications

2.3.2.1 Product A

2.3.2.2 Product B

2.3.3 Iscar Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.4 OSG

2.4.1 Business Overview

2.4.2 Cutting Tools Type and Applications

2.4.2.1 Product A

2.4.2.2 Product B

2.4.3 OSG Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.5 Mitsubishi

2.5.1 Business Overview

2.5.2 Cutting Tools Type and Applications

2.5.2.1 Product A

2.5.2.2 Product B

2.5.3 Mitsubishi Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.6 Kyocera

2.6.1 Business Overview

2.6.2 Cutting Tools Type and Applications

2.6.2.1 Product A

2.6.2.2 Product B

2.6.3 Kyocera Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.7 Sumitomo

2.7.1 Business Overview

2.7.2 Cutting Tools Type and Applications

2.7.2.1 Product A

2.7.2.2 Product B

2.7.3 Sumitomo Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.8 Mapal

2.8.1 Business Overview

2.8.2 Cutting Tools Type and Applications

2.8.2.1 Product A

2.8.2.2 Product B

2.8.3 Mapal Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.9 Nachi-Fujikoshi

2.9.1 Business Overview

2.9.2 Cutting Tools Type and Applications

2.9.2.1 Product A

2.9.2.2 Product B

2.9.3 Nachi-Fujikoshi Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.10 LMT

2.10.1 Business Overview

2.10.2 Cutting Tools Type and Applications

2.10.2.1 Product A

2.10.2.2 Product B

2.10.3 LMT Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.11 ZCCCT

2.11.1 Business Overview

2.11.2 Cutting Tools Type and Applications

2.11.2.1 Product A

2.11.2.2 Product B

2.11.3 ZCCCT Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.12 YG-1

2.12.1 Business Overview

2.12.2 Cutting Tools Type and Applications

2.12.2.1 Product A

2.12.2.2 Product B

2.12.3 YG-1 Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.13 Shanghai Tool

2.13.1 Business Overview

2.13.2 Cutting Tools Type and Applications

2.13.2.1 Product A

2.13.2.2 Product B

2.13.3 Shanghai Tool Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.14 Korloy

2.14.1 Business Overview

2.14.2 Cutting Tools Type and Applications

2.14.2.1 Product A

2.14.2.2 Product B

2.14.3 Korloy Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.15 Union Tool

2.15.1 Business Overview

2.15.2 Cutting Tools Type and Applications

2.15.2.1 Product A

2.15.2.2 Product B

2.15.3 Union Tool Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.16 Tiangong

2.16.1 Business Overview

2.16.2 Cutting Tools Type and Applications

2.16.2.1 Product A

2.16.2.2 Product B

2.16.3 Tiangong Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.17 Guhring

2.17.1 Business Overview

2.17.2 Cutting Tools Type and Applications

2.17.2.1 Product A

2.17.2.2 Product B

2.17.3 Guhring Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.18 Harbin No.1 Tool

2.18.1 Business Overview

2.18.2 Cutting Tools Type and Applications

2.18.2.1 Product A

2.18.2.2 Product B

2.18.3 Harbin No.1 Tool Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.19 Tivoly

2.19.1 Business Overview

2.19.2 Cutting Tools Type and Applications

2.19.2.1 Product A

2.19.2.2 Product B

2.19.3 Tivoly Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.20 Ceratizit

2.20.1 Business Overview

2.20.2 Cutting Tools Type and Applications

2.20.2.1 Product A

2.20.2.2 Product B

2.20.3 Ceratizit Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.21 Hitachi

2.21.1 Business Overview

2.2.2 Cutting Tools Type and Applications

2.21.2.1 Product A

2.21.2.2 Product B

2.21.3 Hitachi Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.22 Feidadrills

2.22.1 Business Overview

2.22.2 Cutting Tools Type and Applications

2.22.2.1 Product A

2.22.2.2 Product B

2.22.3 Feidadrills Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.23 Chengdu Chengliang

2.23.1 Business Overview

2.23.2 Cutting Tools Type and Applications

2.23.2.1 Product A

2.23.2.2 Product B

2.23.3 Chengdu Chengliang Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.24 BIG Kaiser

2.24.1 Business Overview

2.24.2 Cutting Tools Type and Applications

2.24.2.1 Product A

2.24.2.2 Product B

2.24.3 BIG Kaiser Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.25 Addison

2.25.1 Business Overview

2.25.2 Cutting Tools Type and Applications

2.25.2.1 Product A

2.25.2.2 Product B

2.25.3 Addison Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.26 Hanjiang

2.26.1 Business Overview

2.26.2 Cutting Tools Type and Applications

2.26.2.1 Product A

2.26.2.2 Product B

2.26.3 Hanjiang Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.27 EST Tools

2.27.1 Business Overview

2.27.2 Cutting Tools Type and Applications

2.27.2.1 Product A

2.27.2.2 Product B

2.27.3 EST Tools Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.28 Xiamen Golden Erge

2.28.1 Business Overview

2.28.2 Cutting Tools Type and Applications

2.28.2.1 Product A

2.28.2.2 Product B

2.28.3 Xiamen Golden Erge Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.29 AHNO

2.29.1 Business Overview

2.29.2 Cutting Tools Type and Applications

2.29.2.1 Product A

2.29.2.2 Product B

2.29.3 AHNO Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

2.30 Sandhog

2.30.1 Business Overview

2.30.2 Cutting Tools Type and Applications

2.30.2.1 Product A

2.30.2.2 Product B

2.30.3 Sandhog Cutting Tools Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

3 Global Cutting Tools Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)

3.1 Global Cutting Tools Sales and Market Share by Manufacturer (2017-2018)

3.2 Global Cutting Tools Revenue and Market Share by Manufacturer (2017-2018)

3.3 Market Concentration Rate

3.3.1 Top 3 Cutting Tools Manufacturer Market Share in 2018

3.3.2 Top 6 Cutting Tools Manufacturer Market Share in 2018

3.4 Market Competition Trend

4 Global Cutting Tools Market Analysis by Regions

4.1 Global Cutting Tools Sales, Revenue and Market Share by Regions

4.1.1 Global Cutting Tools Sales and Market Share by Regions (2014-2019)

4.1.2 Global Cutting Tools Revenue and Market Share by Regions (2014-2019)

4.2 North America Cutting Tools Sales and Growth Rate (2014-2019)

4.3 Europe Cutting Tools Sales and Growth Rate (2014-2019)

4.4 Asia-Pacific Cutting Tools Sales and Growth Rate (2014-2019)

4.5 South America Cutting Tools Sales and Growth Rate (2014-2019)

4.6 Middle East and Africa Cutting Tools Sales and Growth Rate (2014-2019)

5 North America Cutting Tools by Country

5.1 North America Cutting Tools Sales, Revenue and Market Share by Country

5.1.1 North America Cutting Tools Sales and Market Share by Country (2014-2019)

5.1.2 North America Cutting Tools Revenue and Market Share by Country (2014-2019)

5.2 United States Cutting Tools Sales and Growth Rate (2014-2019)

5.3 Canada Cutting Tools Sales and Growth Rate (2014-2019)

5.4 Mexico Cutting Tools Sales and Growth Rate (2014-2019)

6 Europe Cutting Tools by Country

6.1 Europe Cutting Tools Sales, Revenue and Market Share by Country

6.1.1 Europe Cutting Tools Sales and Market Share by Country (2014-2019)

6.1.2 Europe Cutting Tools Revenue and Market Share by Country (2014-2019)

6.2 Germany Cutting Tools Sales and Growth Rate (2014-2019)

6.3 UK Cutting Tools Sales and Growth Rate (2014-2019)

6.4 France Cutting Tools Sales and Growth Rate (2014-2019)

6.5 Russia Cutting Tools Sales and Growth Rate (2014-2019)

6.6 Italy Cutting Tools Sales and Growth Rate (2014-2019)

7 Asia-Pacific Cutting Tools by Country

7.1 Asia-Pacific Cutting Tools Sales, Revenue and Market Share by Country

7.1.1 Asia-Pacific Cutting Tools Sales and Market Share by Country (2014-2019)

7.1.2 Asia-Pacific Cutting Tools Revenue and Market Share by Country (2014-2019)

7.2 China Cutting Tools Sales and Growth Rate (2014-2019)

7.3 Japan Cutting Tools Sales and Growth Rate (2014-2019)

7.4 Korea Cutting Tools Sales and Growth Rate (2014-2019)

7.5 India Cutting Tools Sales and Growth Rate (2014-2019)

7.6 Southeast Asia Cutting Tools Sales and Growth Rate (2014-2019)

8 South America Cutting Tools by Country

8.1 South America Cutting Tools Sales, Revenue and Market Share by Country

8.1.1 South America Cutting Tools Sales and Market Share by Country (2014-2019)

8.1.2 South America Cutting Tools Revenue and Market Share by Country (2014-2019)

8.2 Brazil Cutting Tools Sales and Growth Rate (2014-2019)

8.3 Argentina Cutting Tools Sales and Growth Rate (2014-2019)

8.4 Colombia Cutting Tools Sales and Growth Rate (2014-2019)

9 Middle East and Africa Cutting Tools by Countries

9.1 Middle East and Africa Cutting Tools Sales, Revenue and Market Share by Country

9.1.1 Middle East and Africa Cutting Tools Sales and Market Share by Country (2014-2019)

9.1.2 Middle East and Africa Cutting Tools Revenue and Market Share by Country (2014-2019)

9.2 Saudi Arabia Cutting Tools Sales and Growth Rate (2014-2019)

9.3 Turkey Cutting Tools Sales and Growth Rate (2014-2019)

9.4 Egypt Cutting Tools Sales and Growth Rate (2014-2019)

9.5 Nigeria Cutting Tools Sales and Growth Rate (2014-2019)

9.6 South Africa Cutting Tools Sales and Growth Rate (2014-2019)

10 Global Cutting Tools Market Segment by Type

10.1 Global Cutting Tools Sales, Revenue and Market Share by Type (2014-2019)

10.1.1 Global Cutting Tools Sales and Market Share by Type (2014-2019)

10.1.2 Global Cutting Tools Revenue and Market Share by Type (2014-2019)

10.2 Cemented Carbide Sales Growth and Price

10.2.1 Global Cemented Carbide Sales Growth (2014-2019)

10.2.2 Global Cemented Carbide Price (2014-2019)

10.3 High Speed Steel Sales Growth and Price

10.3.1 Global High Speed Steel Sales Growth (2014-2019)

10.3.2 Global High Speed Steel Price (2014-2019)

10.4 Ceramics Sales Growth and Price

10.4.1 Global Ceramics Sales Growth (2014-2019)

10.4.2 Global Ceramics Price (2014-2019)

10.5 Diamond Sales Growth and Price

10.5.1 Global Diamond Sales Growth (2014-2019)

10.5.2 Global Diamond Price (2014-2019)

10.6 Others Sales Growth and Price

10.6.1 Global Others Sales Growth (2014-2019)

10.6.2 Global Others Price (2014-2019)

11 Global Cutting Tools Market Segment by Application

11.1 Global Cutting Tools Sales Market Share by Application (2014-2019)

11.2 Milling Sales Growth (2014-2019)

11.3 Turning Sales Growth (2014-2019)

11.4 Drilling Sales Growth (2014-2019)

11.5 Grinding Sales Growth (2014-2019)

11.6 Others Sales Growth (2014-2019)

12 Cutting Tools Market Forecast (2019-2024)

12.1 Global Cutting Tools Sales, Revenue and Growth Rate (2019-2024)

12.2 Cutting Tools Market Forecast by Regions (2019-2024)

12.2.1 North America Cutting Tools Market Forecast (2019-2024)

12.2.2 Europe Cutting Tools Market Forecast (2019-2024)

12.2.3 Asia-Pacific Cutting Tools Market Forecast (2019-2024)

12.2.4 South America Cutting Tools Market Forecast (2019-2024)

12.2.5 Middle East and Africa Cutting Tools Market Forecast (2019-2024)

12.3 Cutting Tools Market Forecast by Type (2019-2024)

12.3.1 Global Cutting Tools Sales Forecast by Type (2019-2024)

12.3.2 Global Cutting Tools Market Share Forecast by Type (2019-2024)

12.4 Cutting Tools Market Forecast by Application (2019-2024)

12.4.1 Global Cutting Tools Sales Forecast by Application (2019-2024)

12.4.2 Global Cutting Tools Market Share Forecast by Application (2019-2024)

13 Sales Channel, Distributors, Traders and Dealers

13.1 Sales Channel

13.1.1 Direct Marketing

13.1.2 Indirect Marketing

13.1.3 Marketing Channel Future Trend

13.2 Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

15.1 Methodology

15.2 Data Source

List of Tables and Figures

Figure Cutting Tools Picture

Table Product Specifications of Cutting Tools

Figure Global Sales Market Share of Cutting Tools by Types in 2018

Table Cutting Too