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Metal Cutting Tools Market Share

Report ID: GMI5619
Published Date: May 2024
Report Format: PDF

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Metal Cutting Tools Market Share

Global Metal Cutting Tools Company Market Share Analysis, 2023

Metal cutting tools industry seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as Stanley Black & Decker, Inc., Emerson Electric, Robert Bosch Gmbh, Atlas Copco, OSG Corporation, Iscar Ltd. (IMC Group), Guhring, Inc., Walter AG. collectively held around 35%-40% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Metal Cutting Tools Market Companies

Major players operating in the metal cutting tools industry are:

Atlas Copco
Ceratizit Group
Emerson Electric
Guhring, Inc.
Iscar Ltd. (IMC Group)
Kyocera Corporation
Mapal Dr. Kress KG
Nachi-Fujikoshi Corp.
OSG Corporation
Robert Bosch Gmbh
Seco Tools AB
Stanley Black & Decker, Inc.
Sumitomo Electric Hardmetal Corporation
TaeguTec Ltd.
Walter AG
Sandvik AB

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of metal cutting tools was reached USD 44.4 billion in 2023 and will grow at 5% CAGR during 2024 to 2032, driven by the growth of manufacturing sectors such as automotive, aerospace, construction, and machinery.

The indexable tools product segment in the metal cutting tools industry recorded USD 29.6 billion and is expected to cross USD 47.1 billion by 2032, owing to their cost-effectiveness due to their replaceable inserts.

North America metal cutting tools market size exceeded USD 9.9 billion in 2023 and is likely to exceed USD 15.4 billion by 2032, driven by need for high-quality, high-precision parts with stringent tolerances and complex geometries.

Ceratizit Group, Emerson Electric, Guhring, Inc., Iscar Ltd. (IMC Group), Kyocera Corporation, Mapal Dr. Kress KG, Nachi-Fujikoshi Corp., OSG Corporation, and Robert Bosch Gmbh among others.