Metal Cutting Tools Market: 48% of Growth to Originate from APAC | Market Size, Share, By Product and Regional Forecast, 2021-2025

PR Newswire
Saturday, May 21, 2022 at 3:30am UTC

Metal Cutting Tools Market: 48% of Growth to Originate from APAC | Market Size, Share, By Product and Regional Forecast, 2021-2025

PR Newswire

NEW YORK, May 20, 2022 /PRNewswire/ -- The Metal Cutting Tools Market value is set to grow by USD 4.26 billion, progressing at a CAGR of 3.96% from 2020 to 2025, as per the latest report by Technavio. The increasing demand for metal parts in major end-user industries is notably driving the metal cutting tools market growth and rise in construction activities in emerging nations of APAC will be the key trend in near future.

Moreover, the market is segmented by product (milling tools, drilling tools, and other tools) and geography (APAC, Europe, North America, South America, and MEA).

Market Dynamics

  • Market Driver

One of the key factors driving growth in the metal cutting tools market is the increasing demand for metal parts in major end-user industries. Metal forming plays a crucial role in the automotive and aerospace and defense industries. The metal forming process will become a highly valuable service for OEMs, owing to the current focus on lean manufacturing and enhanced operational efficiency through various measures such as cost-cutting. The increasing investments in the automotive, aerospace, and defense industries will drive the global metal sawing machine market.

  • Market Trend

The rise in construction activities in emerging nations of APAC is another major factor supporting the metal cutting tools market share growth. Infrastructure planning in developing economies such as India and Indonesia will boost the growth of the global power tools market. Smart Cities Mission, Make in India initiative, and Housing for All programs are expected to trigger construction activities in India. Under the Smart Cities Mission initiative, the cities include capitals and major cities of states where each city would be receiving millions of dollars in the first two years to improve the infrastructure.

Download sample Report for insights on the drivers, trends, and challenges that will help companies evaluate and develop growth strategies for 2021-2025

Company Profiles

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • AMADA Co. Ltd.
  • Berkenhoff GmbH
  • Colfax Corp.
  • DMG MORI AKTIENGESELLSCHAFT
  • FANUC Corp.
  • Gedik Kaynak AS
  • Illinois Tool Works Inc.
  • Mitsubishi Electric Corp.
  • Sandvik AB
  • TRUMPF GmbH + Co. KG

The metal cutting tools market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

Download Our Sample Report for more vendor insights with product offerings & news

Market Segmentation

  • By Product- The metal cutting tools market share growth by the milling tools segment will be significant during the forecast period. 
  • By Geography- 48% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for metal cutting tools in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The increasing number of construction activities in emerging countries and the rising government spending on the development of infrastructure will facilitate the metal cutting tools market growth in APAC over the forecast period. 

Download Our Sample Report for more insights on the market share & contribution of various regions & segments

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Robotic Laser Cutting Market by End-user and Geography - Forecast and Analysis 2022-2026: The robotic laser cutting market share is expected to increase by USD 127.47 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.61%. To get more exclusive research insights: Download Our Sample Report

Metal Fabrication Equipment Market in Germany by End-user and Type - Forecast and Analysis 2022-2026: The metal fabrication equipment market share in Germany is expected to increase by USD 33.74 million from 2021 to 2026, at a CAGR of 4.03%. To get more exclusive research insights: Download Our Sample Report

Metal Cutting Tools Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.96%

Market growth 2021-2025

$ 4.26 billion

Market structure

Fragmented

YoY growth (%)

3.00

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 48%

Key consumer countries

China, US, Germany, Japan, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AMADA Co. Ltd., Berkenhoff GmbH, Colfax Corp., DMG MORI AKTIENGESELLSCHAFT, FANUC Corp., Gedik Kaynak AS, Illinois Tool Works Inc., Mitsubishi Electric Corp., Sandvik AB, and TRUMPF GmbH + Co. KG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Milling tools - Market size and forecast 2020-2025
  • Drilling tools - Market size and forecast 2020-2025
  • Other tools - Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AMADA Co. Ltd.
  • Berkenhoff GmbH
  • Colfax Corp.
  • DMG MORI AKTIENGESELLSCHAFT
  • FANUC Corp.
  • Gedik Kaynak AS
  • Illinois Tool Works Inc.
  • Mitsubishi Electric Corp.
  • Sandvik AB
  • TRUMPF GmbH + Co. KG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio