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Global Cutting Tools Market By Product (Retail Metal Cutting Tools, Financial Metal Cutting Tools, QSR Metal Cutting Tools, Tickets & Billing Metal Cutting Tools ,Information Metal Cutting Tools, Self-Service Metal Cutting Tools, Others (Photo Meta Cutting Tools, etc.))By Application (Retail ,BFSI, Hospitality, Entertainment & Gaming, Airports & Hotels, IT/ Telecommunication ,Others (Luxury, etc.)) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Price: $4999

Published: | Report ID: 17637 | Report Format : PDF

Key Highlights of the Report

How are the major segments performing in the Cutting Tools market?

  • In 2022, the Retail Metal Cutting Tools segment accounted for the largest share of the market. This results from several businesses, especially the automotive industry, having a greater requirement for mass production.
  • In 2022, the Retail segment was anticipated to hold a prominent share in the global Cutting Tools market. Creating and producing various automotive components for new and expensive cars have been key drivers of market growth.

What is the Market Size of Cutting Tools regarding value?

The global Cutting Tools market is anticipated to grow at a substantial CAGR of 4.50% in the upcoming years. The global Cutting Tools industry was estimated to be worth USD 15.2 billion in 2022 and was expected to be worth USD 20.68 billion by 2030.

Which region dominated the Cutting Tools market?

In 2022, the North American region was predicted to hold a major share in the global Cutting Tools market. The region with the largest market share is expected to dominate during the projection period. This results from rising automotive, construction, and food and beverage demand. The industry is anticipated to be driven by growing government initiatives for advertising electric vehicles.  The highly populated economies of India and China are a huge demand driver for the automotive industry in the APAC area, and Japan, India, and China all have significant OEM manufacturing presence.

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Which are the key countries in the Cutting Tools market?

Automotive, electronics, aerospace, and medical device companies anticipate moving up the value chain in the coming years due to significant infrastructure investment in Asia’s top industrial hubs, including China and India. With a large end-user base and collaboration with businesses in emerging nations to fulfill this rapid demand growth, this offers exciting possibilities for accessories, precision parts contract makers, and even power tool manufacturers. These factors will likely cause the market for metal-cutting tools in China and India to expand over the forecast period.

How is the economy impacting the global Cutting Tools growth?

In Eastern nations like Japan, China, and South Korea, the impact of the coronavirus outbreak on marketplaces has been substantially less severe than in the western half of the world. The global disruption of manufacturing operations has the biggest impact in the short term. As the number of cases soars globally, the magnitude of these disruptions grows. Furthermore, if the virus spreads to other major industrial nations than Germany, China, and India, it would have a much more significant influence on manufacturing metal-cutting tools.

What is the competitive environment of the Cutting Tools market?

A substantial market exists for cutting instruments with several moving elements. The market participants’ industrial expertise and technological know-how react to this. More adaptability is possible because of smaller batch sizes and tool modeling using 3D and CAD-CAM technologies, especially in the die and mold manufacturing industry. For instance, Sandvik AB, one of the leading producers of metal cutting tools, recently purchased Preziss, a solutions provider for aluminum and composites machining. This acquisition took place in May 2022. Additionally, Milwaukee Tools recently unveiled their cutting-edge wrecker equipped with a NITROUS CARBIDE SAWZALL Blade in June 2022. The tool is made to work more efficiently on various metals and is perfect for use on construction sites during demolition and remodeling projects.

Executive Summary

What are the key trends in the Cutting Tools market?

  • In the past few years there has been an unprecedented increase in the market’s acceptance of breakthrough technologies being developed and introduced in the additive manufacturing industry. Due to its efficient time optimization and affordable manufacture, 3D printing is predicted to become the future of prototype manufacturing across various industries.
  • Global manufacturing industries are growing quickly, encouraging the future of cutting tools in the sector. Furthermore, as the industrial sector develops, cutting tool usage is anticipated to rise significantly in response to shifting consumer demands. Therefore, the cutting tool market opportunities are expected to increase due to the longer projection period.

How are Technological Advancements Affecting the Cutting Tools Market?

The utilization of smart manufacturing technology for production processes and product expansion is increasing as factories need automation. This is attributable to increased productivity, superior products, and ease of coping with labor shortages. The industrial and machinery industries will experience a paradigm shift away from traditional processes and toward linked intelligent and efficient mechanical systems. Producers can gain from operational cost savings, effective energy use, automated and fine-tuned virtual metrology, and improved human-machine interactions thanks to Industry 4.0 technologies.

Which are the key investments by the Cutting Tools market players?

Investments have always been the key driver of the metal-cutting tool industry. Massive investments were made in the global market for metal-cutting tools due to the expansion in industrialization. As part of the European Digital Agenda, the European Union developed several projects. To enhance public services and quality of life, the European Union (EU) prioritized innovation and investment in ICT-based services.

Some major players in the Cutting Tools market are Yamazaki Mazak Corporation (Japan), Doosan Machine Tools Co., Ltd. (U.S.), Trumpf (Germany), Amada Machine Tools Co., Ltd (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), Hyundai WIA (South Korea), FANUC America Corporation (Japan), Komatsu Ltd. (Japan), and Makino (Japan).

What are the Major Driving Factors for the Cutting Tools Market?

The market is expanding due to the rising demand for metal-cutting equipment from various industries, including aerospace, automotive, defense, and industrial machinery. The industry is anticipated to be driven shortly by the rising need for effective equipment in critical and complicated machine component requirements. A further aspect boosting market expansion is the rising popularity of CNC machines. This is explained by the benefits provided by CNC metal cutting tools, such as their transparency, high efficiency, and cost- and time-saving capabilities.

What are the Major Risks for the Cutting Tools Market?

To lower the cost of paying high labor costs, improve productivity, and improve process optimization in their overall operations, many manufacturing organizations are concentrating on automating manufacturing operations within the facilities. However, the entire procedure calls for the purchase, setup, and prompt maintenance of all apparatus.

Which is the key application in the Cutting Tools market?

Owing to the demand for metal cutting tools, the lathe machines category is anticipated to increase at the quickest rate. The rising demand from the car industry is to blame for this. Additionally, the market will be driven by the growing demand for CNC lathe machines. The market for metal cutting tools is expanding due to the advantages provided by CNC lathes, such as high efficiency, manufacturing of complex devices, economical mass production, and low maintenance.

How is the Cutting Tools market performing in regions?

Asia Pacific market is expected to witness the fastest development in the global Cutting Tools market during the forecast period. Several reasons, such as the increasing need for machine tools in the manufacturing sector, the expanding adoption of automation in various industries, and increasing expenditures in R&D, are propelling the expansion of the North American market. One of the main reasons fueling the growth of the North American cutting tools market is the rising demand for machine tools in the manufacturing industry. Machine tools can cut, shape, and form metal and other materials. The rising need for manufactured goods across various industries, including aerospace, automotive, and electronics, drives the demand for machine tools.

What is the regulatory landscape for the Cutting Tools market?

Regulations for the production of cutting tools differ from nation to nation. Cutting tool import, export, and sale are subject to stringent laws in some nations, while there are no restrictions at all in others. Cutting tools must be labeled in some nations with details including the country of manufacturing, the date of manufacture, and the kind of cutting tool. Consumers must have access to this information to purchase cutting-edge instruments with knowledge. Cutting tool manufacture is regulated by environmental laws in some nations. This is done to prevent pollution of the environment.

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What are the major players planning for the future of the Cutting Tools market?

Machine tool makers are creating 3D laser processing machinery for reducing processing times for laser cutting and welding applications. A three-dimensional laser is a five-axle laser cutting device that cuts three-dimensional sheet metal components. Lasers can slice metals like aluminum, stainless steel, and mild steel. Laser cutting significantly reduces the time needed to process cutting applications, decreasing costs.

REPORT ATTRIBUTE DETAILS
Cutting Tools Market by Value Yes
Cutting Tools Market, Tornado Analysis Yes
Cutting Tools Market, STAR Analysis Yes
Cutting Tools Market, SRC Analysis Yes
Cutting Tools Market Pricing Analysis Yes (On Demand)
Cutting Tools Market Segment Analysis By Product (Retail Metal Cutting Tools, Financial Metal Cutting Tools, QSR Metal Cutting Tools, Tickets & Billing Metal Cutting Tools, Information Metal Cutting Tools, Self Service Metal Cutting Tools, and Others (Photo Metal Cutting Tools, etc.))

By Application (Retail, BFSI, Hospitality, Entertainment & Gaming, Airports & Hotels, IT/ Telecommunication, and Others (Luxury, etc.))

 

Cutting Tools Market, Regional Analysis North America (US, Canada, Mexico)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Argentina, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Cutting Tools Market Key Companies Yamazaki Mazak Corporation (Japan), Doosan Machine Tools Co., Ltd. (U.S.), Trumpf (Germany), Amada Machine Tools Co., Ltd (Japan), JTEKT Corporation (Japan), Okuma Corporation (Japan), Hyundai WIA (South Korea), FANUC America Corporation (Japan), Komatsu Ltd. (Japan), and Makino (Japan)
Cutting Tools Market Competitive Landscape Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Segmentation of Global Cutting Tools Market-

Global Cutting Tools Market – By Product

  • Retail Metal Cutting Tools
  • Financial Metal Cutting Tools
  • QSR Metal Cutting Tools
  • Tickets & Billing Metal Cutting Tools
  • Information Metal Cutting Tools
  • Self-Service Metal Cutting Tools
  • Others (Photo Metal Cutting Tools, etc.)

Global Cutting Tools Market – By Application

  • Retail
  • BFSI
  • Hospitality
  • Entertainment & Gaming
  • Airports & Hotels
  • IT/ Telecommunication
  • Others (Luxury, etc.)

Global Cutting Tools Market – By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Data Modelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Cutting Tools Market
2.2. Global Cutting Tools Market, By Product
2.3. Global Cutting Tools Market, By Application
2.4. Global Cutting Tools Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Cutting Tools Market Value, 2017-2030, (US$ Mn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.2.4. Major Industry Challenges
3.2.4.1. Challenge 1
3.2.4.2. Challenge 2
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Product
3.5.2. Application
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Products
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Product Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Cutting Tools Market, By Product
7.1. Global Cutting Tools Market Overview, by Product
7.1.1. Global Cutting Tools Market Revenue Share, By Product, 2022 Vs 2030 (in %)
7.2. Retail Metal Cutting Tools
7.2.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
7.3. Financial Metal Cutting Tools
7.3.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
7.4. QSR Metal Cutting Tools
7.4.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
7.5. Tickets & Billing Metal Cutting Tools
7.5.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
7.6. Information Metal Cutting Tools
7.6.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
7.7. Self Service Metal Cutting Tools
7.7.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
7.8. Others
7.8.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)

8. Global Cutting Tools Market, by Application, 2017-2030 (US$ Mn)
8.1. Global Cutting Tools Market Overview, by Application
8.1.1. Global Cutting Tools Market, By Application, 2022 vs 2030 (in%)
8.2. Retail
8.2.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
8.3. BFSI
8.3.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
8.4. Hospitality
8.4.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
8.5. Entertainment & Gaming
8.5.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
8.6. Airports & Hotels
8.6.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
8.7. IT/ Telecommunication
8.7.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)
8.8. Others
8.8.1. Global Cutting Tools Market, By Region, 2017-2030 (US$ Mn)

9. Global Cutting Tools Market, By Region
9.1. Global Cutting Tools Market Overview, by Region
9.1.1. Global Cutting Tools Market, By Region, 2022 vs 2030 (in%)
9.2. Product
9.2.1. Global Cutting Tools Market, By Product, 2017-2030 (US$ Mn)
9.3. Application
9.3.1. Global Cutting Tools Market, By Application, 2017-2030 (US$ Mn)

10. North America Cutting Tools Market Analysis
10.1. North America Cutting Tools Market, by Product, 2017-2030(US$ Mn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. North America Cutting Tools Market, by Application, 2017-2030(US$ Mn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. North America Cutting Tools Market, by Country, 2017-2030 (US$ Mn)
10.3.1. North America Cutting Tools Market, by Country, 2022 Vs 2030 (in%)
10.3.2. U.S.
10.3.2.1. U.S. Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.3.2.2. U.S. Cutting Tools, By Product, 2017-2030 (US$ Mn)
10.3.2.3. U.S. Cutting Tools, By Application, 2017-2030 (US$ Mn)
10.3.3. Canada
10.3.3.1. Canada Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.3.3.2. Canada Cutting Tools, By Product, 2017-2030 (US$ Mn)
10.3.3.3. Canada Cutting Tools, By Application, 2017-2030 (US$ Mn)
10.3.4. Mexico
10.3.4.1. Mexico Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
10.3.4.2. Mexico Cutting Tools, By Product, 2017-2030 (US$ Mn)
10.3.4.3. Mexico Cutting Tools, By Application, 2017-2030 (US$ Mn)

11. Europe Cutting Tools Market Analysis
11.1. Europe Cutting Tools Market, by Product, 2017-2030(US$ Mn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Europe Cutting Tools Market, by Application, 2017-2030(US$ Mn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Europe Cutting Tools Market, by Country, 2017-2030 (US$ Mn)
11.3.1. Europe Cutting Tools Market, by Country, 2022 Vs 2030 (in%)
11.3.2. Germany
11.3.2.1. Germany Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.2.2. Germany Cutting Tools, By Product, 2017-2030 (US$ Mn)
11.3.2.3. Germany Cutting Tools, By Application, 2017-2030 (US$ Mn)
11.3.3. France
11.3.3.1. France Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.3.2. France Cutting Tools, By Product, 2017-2030 (US$ Mn)
11.3.3.3. France Cutting Tools, By Application, 2017-2030 (US$ Mn)
11.3.4. UK
11.3.4.1. UK Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.4.2. UK Cutting Tools, By Product, 2017-2030 (US$ Mn)
11.3.4.3. UK Cutting Tools, By Application, 2017-2030 (US$ Mn)
11.3.5. Italy
11.3.5.1. Italy Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.5.2. Italy Cutting Tools, By Product, 2017-2030 (US$ Mn)
11.3.5.3. Italy Cutting Tools, By Application, 2017-2030 (US$ Mn)
11.3.6. Spain
11.3.6.1. Spain Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.6.2. Spain Cutting Tools, By Product, 2017-2030 (US$ Mn)
11.3.6.3. Spain Cutting Tools, By Application, 2017-2030 (US$ Mn)
11.3.7. Rest of Europe
11.3.7.1. Rest of Europe Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
11.3.7.2. Rest of Europe Cutting Tools, By Product, 2017-2030 (US$ Mn)
11.3.7.3. Rest of Europe Cutting Tools, By Application, 2017-2030 (US$ Mn)

12. Asia Pacific Cutting Tools Market Analysis
12.1. Asia Pacific Cutting Tools Market, by Product, 2017-2030(US$ Mn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Asia Pacific Cutting Tools Market, by Application, 2017-2030(US$ Mn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Asia Pacific Cutting Tools Market, by Country, 2017-2030 (US$ Mn)
12.3.1. Asia Pacific Cutting Tools Market, by Country, 2022 Vs 2030 (in%)
12.3.2. China
12.3.2.1. China Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.2.2. China Cutting Tools, By Product, 2017-2030 (US$ Mn)
12.3.2.3. China Cutting Tools, By Application, 2017-2030 (US$ Mn)
12.3.3. Japan
12.3.3.1. Japan Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.3.2. Japan Cutting Tools, By Product, 2017-2030 (US$ Mn)
12.3.3.3. Japan Cutting Tools, By Application, 2017-2030 (US$ Mn)
12.3.4. India
12.3.4.1. India Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.4.2. India Cutting Tools, By Product, 2017-2030 (US$ Mn)
12.3.4.3. India Cutting Tools, By Application, 2017-2030 (US$ Mn)
12.3.5. South Korea
12.3.5.1. South Korea Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.5.2. South Korea Cutting Tools, By Product, 2017-2030 (US$ Mn)
12.3.5.3. South Korea Cutting Tools, By Application, 2017-2030 (US$ Mn)
12.3.6. South-East Asia
12.3.6.1. South-East Asia Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.6.2. South-East Asia Cutting Tools, By Product, 2017-2030 (US$ Mn)
12.3.6.3. South-East Asia Cutting Tools, By Application, 2017-2030 (US$ Mn)
12.3.7. Rest of Asia Pacific
12.3.7.1. Rest of Asia Pacific Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
12.3.7.2. Rest of Asia Pacific Cutting Tools, By Product, 2017-2030 (US$ Mn)
12.3.7.3. Rest of Asia Pacific Cutting Tools, By Application, 2017-2030 (US$ Mn)

13. Latin America Cutting Tools Market Analysis
13.1. Latin America Cutting Tools Market, by Product, 2017-2030(US$ Mn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Latin America Cutting Tools Market, by Application, 2017-2030(US$ Mn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Latin America Cutting Tools Market, by Country, 2017-2030 (US$ Mn)
13.3.1. Latin America Cutting Tools Market, by Country, 2022 Vs 2030 (in%)
13.3.2. Brazil
13.3.2.1. Brazil Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
13.3.2.2. Brazil Cutting Tools, By Product, 2017-2030 (US$ Mn)
13.3.2.3. Brazil Cutting Tools, By Application, 2017-2030 (US$ Mn)
13.3.3. Argentina
13.3.3.1. Argentina Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
13.3.3.2. Argentina Cutting Tools, By Product, 2017-2030 (US$ Mn)
13.3.3.3. Argentina Cutting Tools, By Application, 2017-2030 (US$ Mn)
13.3.4. Rest of Latin America
13.3.4.1. Rest of Latin America Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
13.3.4.2. Rest of Latin America Cutting Tools, By Product, 2017-2030 (US$ Mn)
13.3.4.3. Rest of Latin America Cutting Tools, By Application, 2017-2030 (US$ Mn)

14. Middle East and Africa Cutting Tools Market Analysis
14.1. Middle East and Africa Cutting Tools Market, by Product, 2017-2030(US$ Mn)
14.1.1. Overview
14.1.2. SRC Analysis
14.2. Middle East and Africa Cutting Tools Market, by Application, 2017-2030(US$ Mn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Middle East and Africa Cutting Tools Market, by Country, 2017-2030 (US$ Mn)
14.3.1. Middle East and Africa Cutting Tools Market, by Country, 2022 Vs 2030 (in%)
14.3.2. GCC Countries
14.3.2.1. GCC Countries Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
14.3.2.2. GCC Countries Cutting Tools, By Product, 2017-2030 (US$ Mn)
14.3.2.3. GCC Countries Cutting Tools, By Application, 2017-2030 (US$ Mn)
14.3.3. South Africa
14.3.3.1. South Africa Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
14.3.3.2. South Africa Cutting Tools, By Product, 2017-2030 (US$ Mn)
14.3.3.3. South Africa Cutting Tools, By Application, 2017-2030 (US$ Mn)
14.3.4. Rest of Middle East and Africa
14.3.4.1. Rest of Middle East and Africa Cutting Tools Market Estimates and Forecast, 2017-2030 (US$ Mn)
14.3.4.2. Rest of Middle East and Africa Cutting Tools, By Product, 2017-2030 (US$ Mn)
14.3.4.3. Rest of Middle East and Africa Cutting Tools, By Application, 2017-2030 (US$ Mn)

 

15. Company Profiles
15.1. Yamazaki Mazak Corporation (Japan).
15.1.1. Company Overview
15.1.2. Products/Services Portfolio
15.1.3. Geographical Presence
15.1.4. Financial Summary
15.1.4.1. Market Revenue and Net Profit (2019-2022)
15.1.4.2. Business Segment Revenue Analysis
15.1.4.3. Geographical Revenue Analysis
15.2. Doosan Machine Tools Co., Ltd. (U.S.)
15.3. Trumpf (Germany)
15.4. Amada Machine Tools Co., Ltd (Japan)
15.5. JTEKT Corporation (Japan)
15.6. Okuma Corporation (Japan)
15.7. Hyundai WIA (South Korea)
15.8. FANUC America Corporation (Japan)
15.9. Komatsu Ltd. (Japan)
15.10. Makino (Japan)

List of Figures
FIG. 1 Global Cutting Tools Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Cutting Tools Market Segmentation
FIG. 4 Global Cutting Tools Market, by Product, 2022 (US$ Mn)
FIG. 5 Global Cutting Tools Market, by Application, 2022 (US$ Mn)
FIG. 6 Global Cutting Tools Market, by Geography, 2022 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Product, 2022
FIG. 8 Attractive Investment Proposition, by Application, 2022
FIG. 9 Attractive Investment Proposition, by Geography, 2022
FIG. 10 Global Market Share Analysis of Key Cutting Tools Market Manufacturers, 2022
FIG. 11 Global Market Positioning of Key Cutting Tools Market Manufacturers, 2022
FIG. 12 Global Cutting Tools Market Value Contribution, By Product, 2022 & 2030 (Value %)
FIG. 13 Global Cutting Tools Market, by Retail Metal Cutting Tools, Value, 2017-2030 (US$ Mn)
FIG. 14 Global Cutting Tools Market, by Financial Metal Cutting Tools, Value, 2017-2030 (US$ Mn)
FIG. 15 Global Cutting Tools Market, by QSR Metal Cutting Tools, Value, 2017-2030 (US$ Mn)
FIG. 16 Global Cutting Tools Market, by Tickets & Billing Metal Cutting Tools, 2017-2030 (US$ Mn)
FIG. 17 Global Cutting Tools Market, by Information Metal Cutting Tools, Value, 2017-2030 (US$ Mn)
FIG. 18 Global Cutting Tools Market, by Self Service Metal Cutting Tools, Value, 2017-2030 (US$ Mn)
FIG. 19 Global Cutting Tools Market, by Others, Value, 2017-2030 (US$ Mn)
FIG. 20 Global Cutting Tools Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 21 Global Cutting Tools Market, by Retail, Value, 2017-2030 (US$ Mn)
FIG. 22 Global Cutting Tools Market, by BFSI, 2017-2030 (US$ Mn)
FIG. 23 Global Cutting Tools Market, by Retail, Value, 2017-2030 (US$ Mn)
FIG. 24 Global Cutting Tools Market, by BFSI, 2017-2030 (US$ Mn)
FIG. 25 Global Cutting Tools Market, by Hospitality, Value, 2017-2030 (US$ Mn)
FIG. 26 Global Cutting Tools Market, by Entertainment & Gaming, 2017-2030 (US$ Mn)
FIG. 27 Global Cutting Tools Market, by Airports & Hotels, 2017-2030 (US$ Mn)
FIG. 28 Global Cutting Tools Market, by IT/ Telecommunication, 2017-2030 (US$ Mn)
FIG. 29 Global Cutting Tools Market, by Others, Value, 2017-2030 (US$ Mn)
FIG. 30 North America Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 31 U.S. Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 32 Canada Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 33 Europe Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 34 Germany Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 35 France Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 36 U.K. Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 37 Italy Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 38 Spain Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 39 Rest of Europe Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 40 Asia Pacific Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 41 China Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 42 Japan Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 43 India Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 44 South Korea Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 45 South-East Asia Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 46 Rest of Asia Pacific Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 47 Latin America Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 48 Brazil Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 49 Mexico Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 50 Rest of Latin America Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 51 Middle East & Africa Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 52 GCC Countries Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 53 South Africa Cutting Tools Market, 2017-2030 (US$ Mn)
FIG. 54 Rest of Middle East and Africa Cutting Tools Market, 2017-2030 (US$ Mn)

List of Tables
TABLE 1 Market Snapshot: Global Cutting Tools Market
TABLE 2 Global Cutting Tools Market: Market Drivers Impact Analysis
TABLE 3 Global Cutting Tools Market: Market Restraints Impact Analysis
TABLE 4 Global Cutting Tools Market, by Competitive Benchmarking, 2022
TABLE 5 Global Cutting Tools Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Cutting Tools Market, by Key Strategies Analysis, 2022
TABLE 7 Global Cutting Tools Market, by Retail Metal Cutting Tools, By Region, 2017-2022 (US$ Mn)
TABLE 8 Global Cutting Tools Market, by Retail Metal Cutting Tools, By Region, 2023-2030 (US$ Mn)
TABLE 9 Global Cutting Tools Market, by Financial Metal Cutting Tools, By Region, 2017-2022 (US$ Mn)
TABLE 10 Global Cutting Tools Market, by Financial Metal Cutting Tools, By Region, 2023-2030 (US$ Mn)
TABLE 11 Global Cutting Tools Market, by QSR Metal Cutting Tools, By Region, 2017-2022 (US$ Mn)
TABLE 12 Global Cutting Tools Market, by QSR Metal Cutting Tools, By Region, 2023-2030 (US$ Mn)
TABLE 13 Global Cutting Tools Market, by Tickets & Billing Metal Cutting Tools, By Region, 2017-2022 (US$ Mn)
TABLE 14 Global Cutting Tools Market, by Tickets & Billing Metal Cutting Tools, By Region, 2023-2030 (US$ Mn)
TABLE 15 Global Cutting Tools Market, by Information Metal Cutting Tools, By Region, 2017-2022 (US$ Mn)
TABLE 16 Global Cutting Tools Market, by Information Metal Cutting Tools, By Region, 2023-2030 (US$ Mn)
TABLE 17 Global Cutting Tools Market, by Self Service Metal Cutting Tools, By Region, 2017-2022 (US$ Mn)
TABLE 18 Global Cutting Tools Market, by Self Service Metal Cutting Tools, By Region, 2023-2030 (US$ Mn)
TABLE 19 Global Cutting Tools Market, by Others, By Region, 2017-2022 (US$ Mn)
TABLE 20 Global Cutting Tools Market, by Others, By Region, 2023-2030 (US$ Mn)
TABLE 21 Global Cutting Tools Market, by Retail, By Region, 2017-2022 (US$ Mn)
TABLE 22 Global Cutting Tools Market, by Retail, By Region, 2023-2030 (US$ Mn)
TABLE 23 Global Cutting Tools Market, by BFSI, By Region, 2017-2022 (US$ Mn)
TABLE 24 Global Cutting Tools Market, by BFSI, By Region, 2023-2030 (US$ Mn)
TABLE 25 Global Cutting Tools Market, by Hospitality, By Region, 2017-2022 (US$ Mn)
TABLE 26 Global Cutting Tools Market, by Hospitality, By Region, 2023-2030 (US$ Mn)
TABLE 27 Global Cutting Tools Market, by Entertainment & Gaming, By Region, 2017-2022 (US$ Mn)
TABLE 28 Global Cutting Tools Market, by Entertainment & Gaming, By Region, 2023-2030 (US$ Mn)
TABLE 29 Global Cutting Tools Market, by Airports & Hotels, By Region, 2017-2022 (US$ Mn)
TABLE 30 Global Cutting Tools Market, by Airports & Hotels, By Region, 2023-2030 (US$ Mn)
TABLE 31 Global Cutting Tools Market, by IT/ Telecommunication, By Region, 2017-2022 (US$ Mn)
TABLE 32 Global Cutting Tools Market, by IT/ Telecommunication, By Region, 2023-2030 (US$ Mn)
TABLE 33 Global Cutting Tools Market, by Others, By Region, 2017-2022 (US$ Mn)
TABLE 34 Global Cutting Tools Market, by Others, By Region, 2023-2030 (US$ Mn)
TABLE 35 Global Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 36 Global Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 37 Global Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 38 Global Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 39 Global Cutting Tools Market, by Region, 2017-2022 (US$ Mn)
TABLE 40 Global Cutting Tools Market, by Region, 2023-2030 (US$ Mn)
TABLE 41 North America Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 42 North America Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 43 North America Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 44 North America Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 45 North America Cutting Tools Market, by Country, 2017-2022 (US$ Mn)
TABLE 46 North America Cutting Tools Market, by Country, 2023-2030 (US$ Mn)
TABLE 47 United States Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 48 United States Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 49 United States Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 50 United States Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 51 Canada Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 52 Canada Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 53 Canada Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 54 Canada Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 55 Mexico Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 56 Mexico Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 57 Mexico Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 58 Mexico Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 59 Europe Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 60 Europe Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 61 Europe Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 62 Europe Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 63 Europe Cutting Tools Market, by Country, 2017-2022 (US$ Mn)
TABLE 64 Europe Cutting Tools Market, by Country, 2023-2030 (US$ Mn)
TABLE 65 Germany Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 66 Germany Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 67 Germany Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 68 Germany Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 69 France Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 70 France Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 71 France Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 72 France Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 73 United Kingdom Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 74 United Kingdom Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 75 United Kingdom Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 76 United Kingdom Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 77 Italy Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 78 Italy Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 79 Italy Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 80 Italy Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 81 Spain Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 82 Spain Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 83 Spain Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 84 Spain Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 85 Rest of Europe Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 86 Rest of Europe Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 87 Rest of Europe Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 88 Rest of Europe Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 89 Asia Pacific Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 90 Asia Pacific Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 91 Asia Pacific Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 92 Asia Pacific Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 93 China Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 94 China Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 95 China Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 96 China Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 97 Japan Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 98 Japan Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 99 Japan Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 100 Japan Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 101 India Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 102 India Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 103 India Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 104 India Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 105 South Korea Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 106 South Korea Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 107 South Korea Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 108 South Korea Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 109 South-East Asia Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 110 South-East Asia Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 111 South-East Asia Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 112 South-East Asia Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 113 Rest of Asia Pacific Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 114 Rest of Asia Pacific Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 115 Rest of Asia Pacific Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 116 Rest of Asia Pacific Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 117 Latin America Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 118 Latin America Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 119 Latin America Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 120 Latin America Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 121 Brazil Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 122 Brazil Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 123 Brazil Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 124 Brazil Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 125 Argentina Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 126 Argentina Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 127 Argentina Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 128 Argentina Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 129 Rest of Latin America Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 130 Rest of Latin America Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 131 Rest of Latin America Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 132 Rest of Latin America Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 133 Middle East and Africa Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 134 Middle East and Africa Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 135 Middle East and Africa Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 136 Middle East and Africa Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 137 GCC Countries Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 138 GCC Countries Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 139 GCC Countries Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 140 GCC Countries Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 141 South Africa Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 142 South Africa Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 143 South Africa Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 144 South Africa Cutting Tools Market, by Application, 2023-2030 (US$ Mn)
TABLE 145 Rest of Middle East and Africa Cutting Tools Market, by Product, 2017-2022 (US$ Mn)
TABLE 146 Rest of Middle East and Africa Cutting Tools Market, by Product, 2023-2030 (US$ Mn)
TABLE 147 Rest of Middle East and Africa Cutting Tools Market, by Application, 2017-2022 (US$ Mn)
TABLE 148 Rest of Middle East and Africa Cutting Tools Market, by Application, 2023-2030 (US$ Mn)

Frequently asked questions

How does COVID-19 Impact the global Cutting Tools market?

The market for cutting tools has been significantly impacted by the COVID-19 outbreak. Consumer spending has decreased due to the epidemic, which has prompted many people to stay at home and forgo social engagements. Since cutting tools are frequently utilized in manufacturing and other industries, this has decreased demand for them.

Which is the leading region of the market for Cutting Tools?

Asia Pacific accounted for the most heightened share in the global Cutting Tools market.

What are the key drivers for the growth of the Cutting Tools market?

The key drivers of the cutting tool market are the expanding use of carbide tools in industrial applications and rising degrees of automation across several end-use sectors.

Which is the major segment in the Cutting Tools market by Product?

The Retail Metal Cutting Tools segment had a major share in the global market in 2022.

Which is the major segment in the Cutting Tools market by application?

The retail segment had a major share in the global market.

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