This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Read More
Carbide Tools Market By Product Type (Circular Saw Blades, CNC Inserts, Router Bits, Cutters, Mills, Tap & Dies, Reamers), End-User (Metal Fabrication, Automotive & Transportation, Heavy Machinery, Construction, Furniture & Carpentry, Oil & gas) & Region – Forecast 2018 - 2028

Carbide Tools Market By Product Type (Circular Saw Blades, CNC Inserts, Router Bits, Cutters, Mills, Tap & Dies, Reamers), End-User (Metal Fabrication, Automotive & Transportation, Heavy Machinery, Construction, Furniture & Carpentry, Oil & gas) & Region – Forecast 2018 - 2028

Carbide Tools Market - Analysis, Outlook, Growth, Trends, Forecasts

Carbide Tools Market Overview

[315 Pages Report] The global Carbide Tools market is projected to reach US$ 10,726.3 Mn by the end of the forecast period while growing at a value CAGR of 7.0%. Moreover, according to Future Market Insight’s volume analysis, the global Carbide Tools Market is estimated to have reached 187,652.6 thousand units by 2018 end and is anticipated to reach 365,280.9 thousand units by 2028 while exhibiting a CAGR of 6.9% during the forecast period.

The report on the Carbide Tools market covers comprehensive information about market trends, volume (Thousand Units) and value (US$ Mn) projections, recent developments, dynamics (drivers, restraints, trends & opportunities) and competition landscape pertaining to the global Carbide Tools market for the study period 2018 to 2028.

Robust Technological Innovations and Growing Automation in Machine Cutting Tools Paving Way for Growth of Global Carbide Tools Market

Carbide Tools Market - Cutting Tools, and Drilling and Milling Tools Hold Prominent Shares

Among end user segments, metal fabrication and automotive & transportation are significant contributors to the global Carbide Tools market. In metal fabrication, Carbide Tools are frequently used for job shop applications, such as hole making, surface finishing, among others.

Within the automotive sector, drills, reamers, countersinks and mills tools are used for general applications, such as making of co-centric holes, providing surface finishing and for other purposes. For all types of Carbide Tools, manufacturers are focused on creating coolant circulations inside Carbide Tools to improve the operational efficiency of tools.

Carbide Tools Market End Use Sectors

Most Carbide Tools are available in the form of coated type as coating enhances the cutting output or cutting efficiency of Carbide Tools. Moreover, the coated segment is expected to grow at addressable CAGR during the forecast period due to the substantial growth being witnessed in automation in the manufacturing sector. Non-coated type Carbide Tools are used mainly for wood working purposes.

Growing Incorporation of Automation to Boost Demand for Machine Based Segment in the Coming Decades

Mostly Carbide Tools are used with high-speed cutting machines, such as CNC machines, and thus, the machine based segment is expected to account for a significant share in the global Carbide Tools market. However, the hand based segment is projected to create absolute $ opportunity worth US$ 132.0 Mn between 2018 and 2028.

Carbide Tools Market Are Most Lucrative Countries - India and China

By region, the Carbide Tools market is segmented into North America, Latin America, Western Europe, Eastern Europe, South East Asia & Pacific, Middle East & Africa, Japan, China and India. India and China are expected to grow at a significant CAGR in the global Carbide Tools market owing to the robust growth being witnessed in end-use industries as well as growing awareness about automation within the metal fabrication industry.

In terms of value share, Western Europe is projected to dominate throughout the forecast period and is projected to create absolute $ opportunity worth US$ 1,724.3 Mn between 2018 and 2028. Furthermore, growth in sales of electric vehicles and hybrid vehicles is also projected to fillip the demand for Carbide Tools across the globe.  

Manufacturing Strategy to Pave Way for Growth of Carbide Tools Market

High popularity of Carbide Tools, specifically in industrial applications, will encourage the demand for Carbide Tools during the forecast period. More importantly, growth in demand for high speed cutting tools has also been adding to the growth in revenue of Carbide Tools. Emerging players are strengthening their position in the market by offering cost-effective Carbide Tools, which in turn, is affecting the profit margin of established players, such as Sandvik AB and IMC Group, among others.

Carbide Tools Market – Competitive Landscape

The global Carbide Tools market is fragmented. Organized players account for more than 50% share in the global Carbide Tools market even though there are numerous small players in the global market which are creating a competitive environment for well-established players.

In the global Carbide Tools market, FMI has covered prominent players including KYOCERA Corporation, Sandvik AB, YG-1 Co., Ltd., Makita Corporation, CERATIZIT S.A., Mitsubishi Materials Corporation, Guhring Limited, Allied Machine & Engineering Corp., IMC Group, OSG Corporation, Kennametal Inc., Elementos de Mecanismos, S.A. de C.V. (Elmec), Fullerton Tool Company, Sumitomo Electric Hartmetall GmbH, Xinrui Industry Co., Ltd., Sorma S.p.A., Fratelli Vergnano Srl, TDC Cutting Tools Inc., TSUNE SEIKI CO.,LTD. and Cutoutil Hardware Tools Co.,Ltd.

Carbide Tools Market Report - Key Questions Answered

  • How has the Carbide Tools market evolved over the past five years?
  • What shape is the Carbide Tools market expected to take in terms of volume and value during the study period?
  • What are the prevailing market dynamics in the Carbide Tools market?
  • What are the competition developments and trends in the Carbide Tools market?
  • What are the underlying macro-economic and industry factors impacting the growth of the Carbide Tools market?
  • Which are the key challenges, opportunities and improvement factors for Carbide Tools market players?
  • What are the market positioning and key strategies of key manufacturers as per the Carbide Tools market taxonomy?
  • How is the competition structured in the Carbide Tools market at present and how has it evolved over the past few years?
Sign Up with MarketNgage

World's Most Profilic Intelligence Engine

Get Access To The World's Largest Market Research Database.

Sign Up Now

Carbide Tools Market Key Segment

By Product Type, the Carbide Tools market is segmented into

  • Circular Saw Blades
  • CNC Inserts
  • Router Bits
  • Cutters
  • Mills
  • Tap & Dies
  • Reamers

By end user, the Carbide Tools market is segmented into

  • metal fabrication
  • automotive & transportation
    • automotive
    • railway
    • aerospace
    • marine
  • heavy machinery
  • construction
  • furniture & carpentry
  • oil & gas
    • fabrication
    • manufacturing purposes
  • other manufacturing

Need specific information?

Our Clients

Industrial Automation

View All Reports from Industrial Automation

View Reports

Recommendations

Industrial

Tipper Body Equipment Market

Published : 2017-01-16

Industrial

Solar Micro Inverter Market

Published : 2016-08-18

Industrial

Carbide Tools Market

Published : 2019-02-20

Industrial

Lamella Clarifiers Market

Published : 2017-12-05