Report Description

Global Metal Cutting Tools Market By Material (Carbide, Ceramics, Cast Alloys, Steel and Others), By Type (Hand Tools and Power Tools), By Application (Industrial-Machinery, Automotive, Aerospace, & Others and Commercial), By Region, Competition, Forecast & Opportunities, 2024

Global metal cutting tools market is projected to grow at a CAGR of 7% during 2019-2024, owing to increasing demand for metal cutting tools from the manufacturing industry. A metal cutting tool is used to remove material from a metal work piece through the process of shear deformation. The increasing requirement to develop superior quality products is also bolstering the metal cutting tools market. However, one of the major factors hindering the market growth is fluctuating raw material prices.

In terms of material, global metal cutting tools market has been categorized into carbide, ceramics, cast alloys, steel and others. Of these categories, carbide segment is expected to grow at a decent rate over the course of next five years. On the basis of type, global metal cutting tools market has been bifurcated into hand tools and power tools. Power tools would account for a significant portion of the global market for metal cutting tools during the forecast period.

From the geographical perspective, global metal cutting tools market has been categorized into Asia-Pacific, North America, Europe, Middle East & Africa and South America. Asia-Pacific is anticipated to dominate global metal cutting tools market in coming years, on account of high demand for automobiles in India, Indonesia, Thailand and Vietnam.

Global metal cutting tools market is highly fragmented with the presence of numerous players. Some of the major market players are BIG KAISER Precision Tooling Inc., Kennametal, Nachi-Fujikoshi Corp. and OSG USA INC.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast global metal cutting tools market size.
  • To forecast global metal cutting tools market based on type, material, application and regional distribution.
  • To identify drivers and challenges for global metal cutting tools market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global metal cutting tools market.
  • To conduct the pricing analysis for global metal cutting tools market.
  • To identify and analyze the profile of leading players operating in global metal cutting tools market.

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Some of the leading players in global metal cutting tools market are BIG KAISER Precision Tooling Inc., Kennametal, Nachi-Fujikoshi Corp., OSG USA INC., Sandvik AB, Ceratizit S.A., Dewalt, Fraisa SA, Guhring Inc. and Kilowood Cutting Tools.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of metal cutting tool manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major metal cutting tool manufacturers across the globe.

TechSci Research calculated global metal cutting tool market size using a bottom-up approach, where data for various end user industries and its application across various types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Metal cutting tool manufacturers, suppliers, distributors and other stakeholders
  • Metal cutting tool end user industries
  • Organizations, forums and alliances related to metal cutting tools market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global metal cutting tools market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Material
    • Carbide
    • Ceramics
    • Cast Alloys
    • Steel
    • Others
  • Market, by Type
    • Hand Tools
    • Power Tools
  • Market, by Application
    • Industrial
      • Machinery
      • Automotive
      • Aerospace
      • Others
    • Commercial
  • Market, by Region:
    • Asia-Pacific
      • China
      • India 
      • Australia
      • South Korea
      • Japan
      • Malaysia
    • Europe
      • Russia
      • United Kingdom
      • Italy
      • Spain
      • Germany
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Chile
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Iran

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global metal cutting tools market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at

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