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Diamond Tools Market Share

Report ID: GMI5798
Published Date: Apr 2024
Report Format: PDF

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Diamond Tools Market Share

Diamond Tools Market Company Share Analysis, (2023)

Key players involve in the market are Bosch, Hilti, Makita, Sumitomo Electric Industries, Ltd., and Husqvarna AB accounting market share of 8-12% in 2023. Manufacturers in the diamond tools industry are focusing on expanding their product portfolios and offering a diverse range of diamond tools. This allows manufacturers to cater to a wider customer base and capture a larger market share. Additionally, many manufacturers are also investing in establishing a strong global presence by expanding their distribution networks and partnering with local distributors in key markets.

Diamond Tools Market Companies

Major companies operating in the market include:

Asahi Diamond Industrial
Bosch
Bosun
Continental Diamond Tool Corporation
Core Plus Specialist
Hilti
Husqvarna AB
Makita
Metabo Power Tools
MK Diamond Products
Oregon Construction Business
OX Group International
Saint-Gobain
Sumitomo Electric Industries, Ltd.
Tyrolit

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for diamond tools was valued at USD 10 billion in 2023 and is set to grow at 5.9% CAGR between 2024 to 2032, due to the increasing demand from various industries.

The drilling tools type segment in the diamond tools market reached USD 5 billion in 2023 and is set to reach USD 8 billion by 2032, owing to its durability and precision.

Europe market reached USD 3 billion in 2023 and is set to exceed USD 5 billion by 2032, driven by the rise of the renewable energy sector.

Asahi Diamond Industrial, Bosch, Bosun, Continental Diamond Tool Corporation , Core Plus Specialist, Hilti, Husqvarna AB, Makita, Metabo Power Tools, MK Diamond Products among others.