Carbide Tools Market

Carbide Tools Market: Global Industry Analysis and Opportunity Assessment 2016-2026

Machine tools plays a very crucial role in manufacturing of metal components through machining. Computerized numerical control (CNC) machines are prominently used for machining of metal components which requires high precision for producing complex shapes of varied dimensions. Currently, there are mainly two types of machine tools prominently used. HSS (High Speed Steel) and Carbide Tools; among which Carbide Tools is most prevalent for machining applications primarily due to exceptional wear resistance, chemical inertness, material strength and other superior characteristics. Often machining system productivity is mainly guided by the use of machine tools with superior characteristics such as long lasting capability, rigorous operating and high speed performance. This factor is primarily gaining the consumer attraction towards adoption of carbide tools over conventional tools. Although carbide tools are more costly but considering the time required for machining the component, employing carbide tools can remarkably result in improved quality, increased output and lower machining & labor cost.

Carbide Tools Market: Drivers, Challenges and Trends

Development in manufacturing design and need to achieve production efficiency is laying the foundation for manufacturer’s exploration of high-end products, thus increasing the demand for carbide tools. Moreover, manufacturers pushing efforts towards optimised cutting geometries and high performance coating is gaining consumer attraction which in turn is driving the global carbide tools market. 

As resharpenig of carbide cutting tools is of prime concern, major players are now investing in resharping tool facilities comparable to new tool production for both in-house and outsourced operations. Reconditioning of carbide tool primarily to reduce inventory cost, avoid material waste is also the major focus area of many players in the global carbide tools market.

Carbide Tools Market: Key Developments

In March 2016, CERATIZIT S. A. announced extended range of materials grades for carbide tools manufacturers. With over 50 new dimensions for end-mill blanks and through coolant capability the company aimed at meeting the demands of niche applications namely threading and cutting.

Carbide Tools Market: Segmentation

Global Carbide Tools market can segmented by material type, by grade type, by application and by geography.

Based on material type global carbide tools market can be segmented into:-

  • Calcium Carbide

  • Aluminum Carbide

  • Silicon Carbide

  • Tungsten Carbide

  • Iron Carbide

  • Titanium Carbide

Global carbide tools market can further be segmented on the basis of applications:-

  • Milling

  • Engraving

  • Chamfering

  • Cutting

  • Machining of threads

  • Drilling

  • Grooving

  • Others

By grade type, global carbide tools market can be segmented as:-

  • cast-iron carbides

  • steel-grade carbide

By Geography, global Carbide Tools market can be segmented into:-

  • North America

  • Latin America

  • Eastern Europe

  • Western Europe

  • Asia Pacific Excluding Japan (APEJ)

  • Japan

  • Middle East and Africa (MEA)

Carbide Tools Market: Key Players

Some of the major players identified across the global carbide tools market includes Mitsubishi Materials Corporation, Ingersoll Cutting Tool Company, CERATIZIT S.A., vhf camfacture AG, Rock River Tool, Inc., SGS Tool Company, Best Carbide Cutting Tools, Inc., Vora Industries, Carbide Tools Manufacturing, Inc., Tunco Manufacturing Inc., Global Excel Tools Manufacturing Sdn, Advent Tool & Manufacturing, Inc., PROMAX Tools, Garr Tool Company and others. The competition topography for carbide tools is fragmented due to presence of many different players in the global carbide tools market. Some of the players operates globally with full-line assortment of solid drilling, solid milling and solid threading, while other players are more niche with one product area and limited geographical presence. Moreover, key players in order to expand their market share are focusing towards acquisition of existing players dominating in the target application market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

  • Market Segments

  • Market Dynamics

  • Market Size

  • Supply & Demand

  • Current Trends/Issues/Challenges

  • Competition & Companies involved

  • Value Chain

Regional analysis includes:

  • North America

  • Latin America

  • Asia Pacific excluding Japan

  • Japan

  • Western Europe

  • Eastern Europe

  • Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Report highlights:

  • Detailed overview of parent market

  • Changing market dynamics in the industry

  • In-depth market segmentation

  • Historical, current and projected market size in terms of volume and value

  • Recent industry trends and developments

  • Competitive landscape

  • Strategies of key players and products offered

  • Potential and niche segments, geographical regions exhibiting promising growth

  • A neutral perspective on market performance

  • Must-have information for market players to sustain and enhance their market footprint

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