Carbide Cutting Tools Market

Global Carbide Cutting Tools Market Size, Trends & Analysis - Forecasts to 2028 By Product Type (Drilling tools, Milling tools, Turning tools, Others), By Configuration (Hand-Based and Machine-Based), By Coating (Coated, Non-coated), By End-User (Automotive, Electronics & Electrical, Aerospace, Marine & Defense, Plastics, Construction & Mining, Others), By Region (North America, Asia Pacific, Central & South America, Europe, Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis

Category Chemicals & Advanced Material

Format

This report was recently updated on April 20 2024 with the latest and most recent market numbers

Global Carbide Cutting Tools Market Size

The Global Carbide Cutting Tools Market is expected to grow at a CAGR of 5.2% from 2023 to 2028.

Carbide-based machine tools exhibit superior properties such as high machining temperatures, short cycle times, superior wear resistance, and long working shelf-life. Using carbide tools has a lot of important benefits, including lesser material waste, lower labour costs, better cutting quality, lower inventory costs, etc. Also, manufacturers are putting a lot of effort into creating products with the best cutting geometries and high-performance coverings, which is driving the market's growth.

The rapid technological growth in the design and cutting segment across automotive and construction industry and the need to achieve production efficacy are some of the other major drivers of the market's growth. These elements lay the groundwork for manufacturers to investigate about their end-products, which in turn increases the demand for carbide tools.

Machine tools are mostly used to shape or machine metal or other hard materials by boring, shearing, grinding, cutting, etc. in order to provide a certain form. Nowadays, High Speed Steel (HSS) and carbide tools are the two main categories of machine tools that are heavily employed.

Metal cutting tools with carbide tips, also referred to as carbide cutting tools are frequently used. Due to their significant characteristics, such as high speed, the ability to maintain the cutting edge at high machining temperatures, the ability to reduce cycle time, exceptional wear resistance at the cutting edge, long working life, and others, carbide tools are highly significant and widely used in machining applications.

global carbide cutting tools market

Global Carbide Cutting Tools Market: By Product Type

The milling tools segment is expected to be the fastest-growing segment in the market from 2023-2028. This is mainly due to high efficiency, rigidness, and hardness of the milling tools over the latter products. Due to its effectiveness, it is also utilised in the automotive and construction industries. Hence, with the rising demand for milling tools from the automobile and construction industry, and due to increasing residential and commercial construction projects, the market for milling tools is expected to be the largest.

For instance, in February 2021, Peal Toolworks, a major player, purchased Tooling Concepts Inc., a company that manufactures and distributes milling tools. The goal of this acquisition was to increase the latter's presence in countries in the midwest of the United States, as these regions are expected to witness a rise in their construction activities.

Global Carbide Cutting Tools Market: By Configuration

The machine-based segment is anticipated to be the largest segment in the market from 2023-2028. The growth is attributable to the rising usage of tools in high-speed cutting machines especially in CNC machines.

For instance, in February 2023, Sandvik purchased 95% of the stock in PMT Premier Machine Tools Limited ("PMT"), an Irish firm with a history of providing medical customers with comprehensive machines, tools, and services. The business will report to Sandvik Manufacturing and Machining Solutions' Seco division.

Global Carbide Cutting Tools Market: By Coating

The coated segment is anticipated to be the largest segment in the market from 2023-2028. Coated carbide grinding bits are used to increase various tools' cutting output and effectiveness. Additionally, the increasing use of coated tools in the aerospace, automotive, and other industries is expected to promote the segment's growth.

Global Carbide Cutting Tools Market: By End-User

By end-user, the global carbide cutting tools market has been further bifurcated into automotive, electronics & electrical, aerospace, marine & defense, plastics, construction & mining and others. The automotive segment is expected to be the fastest-growing segment in the global carbide cutting tools market. The use of tungsten carbide in ball joints, brakes, and crankshafts in the automotive space, has been helping vehicles with excellent weather resistance system. Hence, with the rising demand for carbide cutting tools across the automobile sector is expected to drive the global automotive segment from 2023 to 2028. Furthermore, with the rising demand for e-vehicles and with the increasing manufacturing capacity for the same, are expected to support the growth of this market.

asia pacific carbide cutting tools market

Global Carbide Cutting Tools Market: By Region

North America is projected to dominate the carbide cutting tools market owing to the presence of top carbide cutting tool companies, rising product launch activities for advanced cutting tools, and a rapidly growing automotive industry. In addition, the rising number of residential construction activities in the region is expected to propel the carbide tools industry.

Asia Pacific is analyzed to grow the fastest during the forecast period. One of the key factors that are anticipated to support the growth of this market are the increasing number of construction activities, both residential and commercial, and flourishing automotive industry, clubbed with rapidly rising production volume of e-vehicles.

Global Carbide Cutting Tools Market Share and Competitor Analysis

The key players covered in the global carbide cutting tools market report include Ingersoll Cutting Tool Company, SGS Tool Company, Advent Tool & Manufacturing, Inc., Garr Tool Company, Mitsubishi Materials Corporation, Best Carbide Cutting Tools, Inc., CERATIZIT S.A., PROMAX Tools, Rock River Tool, Inc., and vHF Camfacture AG among others.

Please note: This is not an exhaustive list of companies profiled in the report.

1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1 Strategic Opportunity & Attractiveness Analysis

1.1.1 Hot Revenue Pockets

1.1.2 Market Attractiveness Score

1.1.3 Revenue Impacting Opportunity

1.1.4 High Growing Region/Country

1.1.5 Competitor Analysis

1.1.6 Consumer Analysis

1.2 Global Market Estimates' View

1.3 Strategic Insights across Business Functions

1.3.1 For Chief Executive Officers

1.3.2 For Chief Marketing Officers

1.3.3 For Chief Strategy Officers

1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2 TECHNOLOGICAL TRENDS

2.1 Technological Adoption Rate

2.2 Current Trend Impact Analysis

2.3 Future Trend Impact Analysis

2.4 Data Metrics

3 GLOBAL MARKET OUTLOOK

3.1 Market Pyramid Analysis

3.1.1 Introduction

3.1.2 Adjacent Market Opportunities

3.1.3 Ancillary Market Opportunities

3.2 Demand Side Analysis

3.2.1 Market Drivers: Impact Analysis

3.2.2 Market Restraints: Impact Analysis

3.2.3 Market Opportunities: Impact Analysis

3.2.4 Market Challenges: Impact Analysis

3.3 Supply Side Analysis

3.3.1 Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3 Value Chain Analysis

3.3.4 Trend Analysis

3.3.5 Gap Analysis

3.3.6 Cost Analysis

4 GLOBAL CARBIDE CUTTING TOOLS MARKET, BY PRODUCT TYPE

4.1 Introduction

4.2 Carbide Cutting Tools Market: Product Type Scope Key Takeaways

4.3 Revenue Growth Analysis, 2022 & 2028

4.4 Drilling Tools

4.4.1 Drilling Tools Market Estimates and Forecast, 2020-2028 (USD Million)

4.5 Milling Tools

4.5.1 Milling Tools Market Estimates and Forecast, 2020-2028 (USD Million)

4.6 Turning Tools

4.6.1 Turning Tools Market Estimates and Forecast, 2020-2028 (USD Million)

4.7 Others

4..1 Others Market Estimates and Forecast, 2020-2028 (USD Million)

5 GLOBAL CARBIDE CUTTING TOOLS MARKET, BY CONFIGURATION

5.1 Introduction

5.2 Carbide Cutting Tools Market: Configuration Scope Key Takeaways

5.3 Revenue Growth Analysis, 2022 & 2028

5.4 Hand-Based

5.4.1 Hand-Based Market Estimates and Forecast, 2020-2028 (USD Million)

5.5 Machine-Based

5.5.1 Machine-Based Market Estimates and Forecast, 2020-2028 (USD Million)

6 GLOBAL CARBIDE CUTTING TOOLS MARKET, BY COATING

6.1 Introduction

6.2 Carbide Cutting Tools Market: Coating Scope Key Takeaways

6.3 Revenue Growth Analysis, 2022 & 2028

6.4 Coated

6.4.1 Coated Market Estimates and Forecast, 2020-2028 (USD Million)

6.5 Non-coated

6.5.1 Non-coated Market Estimates and Forecast, 2020-2028 (USD Million)

7 GLOBAL CARBIDE CUTTING TOOLS MARKET, BY END-USER CHANNEL

7.1 Introduction

7.2 Carbide Cutting Tools Market: End-User Channel Scope Key Takeaways

7.3 Revenue Growth Analysis, 2022 & 2028

7.4 Automotive

7.4.1 Automotive Market Estimates and Forecast, 2020-2028 (USD Million)

7.5 Electronics & Electrical

7.5.1 Electronics & Electrical Market Estimates and Forecast, 2020-2028 (USD Million)

8 GLOBAL CARBIDE CUTTING TOOLS MARKET, BY REGION

8.1 Introduction

8.2 North America Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.1 By Product Type

8.2.2 By Configuration

8.2.3 By Coating

8.2.4 By End-User Channel

8.2.5 By Country

8.2.5.1 U.S. Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.5.1.1 By Product Type

8.2.5.1.2 By Configuration

8.2.5.1.3 By Coating

8.2.5.1.4 By End-User Channel

8.2.5.2 Canada Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.5.2.1 By Product Type

8.2.5.2.2 By Configuration

8.2.5.2.3 By Coating

8.2.5.2.4 By End-User Channel

8.2.5.3 Mexico Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.2.5.3.1 By Product Type

8.2.5.3.2 By Configuration

8.2.5.3.3 By Coating

8.2.5.3.4 By End-User Channel

8.3 Europe Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.1 By Product Type

8.3.2 By Configuration

8.3.3 By Coating

8.3.4 By End-User Channel

8.3.5 By Country

8.3.5.1 Germany Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.1.1 By Product Type

8.3.5.1.2 By Configuration

8.3.5.1.3 By Coating

8.3.5.1.4 By End-User Channel

8.3.5.2 U.K. Presered Flowers Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.2.1 By Product Type

8.3.5.2.2 By Configuration

8.3.5.2.3 By Coating

8.3.5.2.4 By End-User Channel

8.3.5.3 France Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.3.1 By Product Type

8.3.5.3.2 By Configuration

8.3.5.3.3 By Coating

8.3.5.3.4 By End-User Channel

8.3.5.4 Italy Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.4.1 By Product Type

8.3.5.4.2 By Configuration

8.3.5.4.3 By Coating

8.3.5.4.4 By End-User Channel

8.3.5.5 Spain Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.5.1 By Product Type

8.3.5.5.2 By Configuration

8.3.5.5.3 By Coating

8.3.5.5.4 By End-User Channel

8.3.5.6 Netherlands Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.6.1 By Product Type

8.3.5.6.2 By Configuration

8.3.5.6.3 By Coating

8.3.5.6.4 By End-User Channel

8.3.5.7 Rest of Europe Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.3.5.7.1 By Product Type

8.3.5.7.2 By Configuration

8.3.5.7.3 By Coating

8.3.5.7.4 By End-User Channel

8.4 Asia Pacific Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.1 By Product Type

8.4.2 By Configuration

8.4.3 By Coating

8.4.4 By End-User Channel

8.4.5 By Country

8.4.5.1 China Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.1.1 By Product Type

8.4.5.1.2 By Configuration

8.4.5.1.3 By Coating

8.4.5.1.4 By End-User Channel

8.4.5.2 Japan Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.2.1 By Product Type

8.4.5.2.2 By Configuration

8.4.5.2.3 By Coating

8.4.5.2.4 By End-User Channel

8.4.5.3 India Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.3.1 By Product Type

8.4.5.3.2 By Configuration

8.4.5.3.3 By Coating

8.4.5.3.4 By End-User Channel

8.4.5.4 South Korea Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.4.1 By Product Type

8.4.5.4.2 By Configuration

8.4.5.4.3 By Coating

8.4.5.4.4 By End-User Channel

8.4.5.5 Singapore Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.5.1 By Product Type

8.4.5.5.2 By Configuration

8.4.5.5.3 By Coating

8.4.5.5.4 By End-User Channel

8.4.5.6 Malaysia Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.6.1 By Product Type

8.4.5.6.2 By Configuration

8.4.5.6.3 By Coating

8.4.5.6.4 By End-User Channel

8.4.5.7 Thailand Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.7.1 By Product Type

8.4.5.7.2 By Configuration

8.4.5.7.3 By Coating

8.4.5.7.4 By End-User Channel

8.4.5.8 Indonesia Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.8.1 By Product Type

8.4.5.8.2 By Configuration

8.4.5.8.3 By Coating

8.4.5.8.4 By End-User Channel

8.4.5.9 Vietnam Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.9.1 By Product Type

8.4.5.9.2 By Configuration

8.4.5.9.3 By Coating

8.4.5.9.4 By End-User Channel

8.4.5.10 Taiwan Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.10.1 By Product Type

8.4.5.10.2 By Configuration

8.4.5.10.3 By Coating

8.4.5.10.4 By End-User Channel

8.4.5.11 Rest of Asia Pacific Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.4.5.11.1 By Product Type

8.4.5.11.2 By Configuration

8.4.5.11.3 By Coating

8.4.5.11.4 By End-User Channel

8.5 Middle East & Africa Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.1 By Product Type

8.5.2 By Configuration

8.5.3 By Coating

8.5.4 By End-User Channel

8.5.5 By Country

8.5.5.1 Saudi Arabia Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.1.1 By Product Type

8.5.5.1.2 By Configuration

8.5.5.1.3 By Coating

8.5.5.1.4 By End-User Channel

8.5.5.2 U.A.E. Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.2.1 By Product Type

8.5.5.2.2 By Configuration

8.5.5.2.3 By Coating

8.5.5.2.4 By End-User Channel

8.5.5.3 Israel Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.4.3.1 By Product Type

8.5.4.3.2 By Configuration

8.5.4.3.3 By Coating

8.5.5.3.4 By End-User Channel

8.5.5.4 South Africa Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.4.1 By Product Type

8.5.5.4.2 By Configuration

8.5.5.4.3 By Coating

8.5.5.4.4 By End-User Channel

8.5.5.5 Rest of Middle East & Africa Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.5.5.5.1 By Product Type

8.5.5.5.2 By Configuration

8.5.5.5.2 By Coating

8.5.5.5.4 By End-User Channel

8.6 Central & South America Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.1 By Product Type

8.6.2 By Configuration

8.6.3 By Coating

8.6.4 By End-User Channel

8.6.5 By Country

8.6.5.1 Brazil Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.1.1 By Product Type

8.6.5.1.2 By Configuration

8.6.5.1.3 By Coating

8.6.5.1.4 By End-User Channel

8.6.5.2 Argentina Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.2.1 By Product Type

8.6.5.2.2 By Configuration

8.6.5.2.3 By Coating

8.6.5.2.4 By End-User Channel

8.6.5.3 Chile Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.3.1 By Product Type

8.6.5.3.2 By Configuration

8.6.5.3.3 By Coating

8.6.5.5.4 By End-User Channel

8.6.5.4 Rest of Central & South America Carbide Cutting Tools Market Estimates and Forecast, 2020-2028 (USD Million)

8.6.5.4.1 By Product Type

8.6.5.4.2 By Configuration

8.6.5.4.3 By Coating

8.6.5.4.4 By End-User Channel

9 COMPETITIVE LANDCAPE

9.1 Company Market Share Analysis

9.2 Four Quadrant Positioning Matrix

9.2.1 Market Leaders

9.2.2 Market Visionaries

9.2.3 Market Challengers

9.2.4 Niche Market Players

9.3.4 Rest of the World

9.4 Company Profiles

9.4.1 Ingersoll Cutting Tool Company

9.4.1.1 Business Description & Financial Analysis

9.4.1.2 SWOT Analysis

9.4.1.3 Products & Services Offered

9.4.1.4 Strategic Alliances between Business Partners

9.4.2 SGS Tool Company

9.4.2.1 Business Description & Financial Analysis

9.4.2.2 SWOT Analysis

9.4.2.3 Products & Services Offered

9.4.2.4 Strategic Alliances between Business Partners

9.4.3 Advent Tool & Manufacturing, Inc.

9.4.3.1 Business Description & Financial Analysis

9.4.3.2 SWOT Analysis

9.4.3.3 Products & Services Offered

9.4.3.4 Strategic Alliances between Business Partners

9.4.4 Garr Tool Company

9.4.4.1 Business Description & Financial Analysis

9.4.4.2 SWOT Analysis

9.4.4.3 Products & Services Offered

9.4.4.4 Strategic Alliances between Business Partners

9.4.5 Mitsubishi Materials Corporation

9.4.5.1 Business Description & Financial Analysis

9.4.5.2 SWOT Analysis

9.4.5.3 Products & Services Offered

9.4.5.4 Strategic Alliances between Business Partners

9.4.6 Best Carbide Cutting Tools, Inc.

9.4.6.1 Business Description & Financial Analysis

9.4.6.2 SWOT Analysis

9.4.6.3 Products & Services Offered

9.4.6.4 Strategic Alliances between Business Partners

9.4.7 CERATIZIT S.A.

9.4.7.1 Business Description & Financial Analysis

9.4.7.2 SWOT Analysis

9.4.7.3 Products & Services Offered

9.4.8.4 Strategic Alliances between Business Partners

9.4.8 PROMAX Tools

9.4.8.1 Business Description & Financial Analysis

9.4.8.2 SWOT Analysis

9.4.8.3 Products & Services Offered

9.4.8.4 Strategic Alliances between Business Partners

9.4.9 Rock River Tool, Inc.

9.4.9.1 Business Description & Financial Analysis

9.4.9.2 SWOT Analysis

9.4.9.3 Products & Services Offered

9.4.9.4 Strategic Alliances between Business Partners

9.4.10 vHF Camfacture AG

9.4.10.1 Business Description & Financial Analysis

9.4.10.2 SWOT Analysis

9.4.10.3 Products & Services Offered

9.4.10.4 Strategic Alliances between Business Partners

9.4.11 Other Companies

9.4.11.1 Business Description & Financial Analysis

9.4.11.2 SWOT Analysis

9.4.11.3 Products & Services Offered

9.4.11.4 Strategic Alliances between Business Partners

10 RESEARCH METHODOLOGY

10.1 Market Introduction

10.1.1 Market Definition

10.1.2 Market Scope & Segmentation

10.2 Information Procurement

10.2.1 Secondary Research

10.2.1.1 Purchased Databases

10.2.1.2 GMEs Internal Data Repository

10.2.1.3 Secondary Resources & Third Party Perspectives

10.2.1.4 Company Information Sources

10.2.2 Primary Research

10.2.2.1 Various Configuration of Respondents for Primary Interviews

10.2.2.2 Number of Interviews Conducted throughout the Research Process

10.2.2.3 Primary Stakeholders

10.2.2.4 Discussion Guide for Primary Participants

10.2.3 Expert Panels

10.2.3.1 Expert Panels Across 30+ Industry

10.2.4 Paid Local Experts

10.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

10.3 Market Estimation

10.3.1 Top-Down Approach

10.3.1.1 Macro-Economic Indicators Considered

10.3.1.2 Micro-Economic Indicators Considered

10.3.2 Bottom Up Approach

10.3.2.1 Company Share Analysis Approach

10.3.2.2 Estimation of Potential Product Sales

10.4 Data Triangulation

10.4.1 Data Collection

10.4.2 Time Series, Cross Sectional & Panel Data Analysis

10.4.3 Cluster Analysis

10.5 Analysis and Output

10.5.1 Inhouse AI Based Real Time Analytics Tool

10.5.2 Output From Desk & Primary Research

10.6 Research Assumptions & Limitations

10.7.1 Research Assumptions

10.7.2 Research Limitations

LIST OF TABLES

1 Global Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Mllion)

2 Drilling Tools Market, By Region, 2020-2028 (USD Mllion)

3 Milling Tools Market, By Region, 2020-2028 (USD Mllion)

4 Turning Tools Market, By Region, 2020-2028 (USD Mllion)

5 Others Market, By Region, 2020-2028 (USD Mllion)

6 Global Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Mllion)

7 Hand-Based Market, By Region, 2020-2028 (USD Mllion)

8 Machine-Based Market, By Region, 2020-2028 (USD Mllion)

9 Global Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Mllion)

10 Coated Market, By Region, 2020-2028 (USD Mllion)

11 Non-coated Market, By Region, 2020-2028 (USD Mllion)

12 Global Carbide Cutting Tools Market, By END-USER CHANNEL, 2020-2028 (USD Mllion)

13 Automotive Market, By Region, 2020-2028 (USD Mllion)

14 Electronics & Electrical Market, By Region, 2020-2028 (USD Mllion)

15 Aerospace, Marine & Defense Market, By Region, 2020-2028 (USD Mllion)

16 Plastics Market, By Region, 2020-2028 (USD Mllion)

17 Construction & Mining Market, By Region, 2020-2028 (USD Mllion)

18 Others Market, By Region, 2020-2028 (USD Mllion)

19 Regional Analysis, 2020-2028 (USD Mllion)

20 North America Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

21 North America Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

22 North America Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

23 North America Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

24 North America Carbide Cutting Tools Market, By Country, 2020-2028 (USD Million)

25 U.S Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

26 U.S Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

27 U.S Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

28 U.S Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

29 Canada Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

30 Canada Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

31 Canada Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

32 CANADA Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

33 Mexico Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

34 Mexico Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

35 Mexico Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

36 mexico Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

37 Europe Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

38 Europe Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

39 Europe Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

40 europe Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

41 Germany Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

42 Germany Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

43 Germany Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

44 germany Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

45 UK Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

46 UK Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

47 UK Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

48 U.kCarbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

49 France Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

50 France Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

51 France Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

52 france Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

53 Italy Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

54 Italy Carbide Cutting Tools Market, By T Configuration Type, 2020-2028 (USD Million)

55 Italy Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

56 italy Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

57 Spain Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

58 Spain Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

59 Spain Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

60 spain Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

61 Rest Of Europe Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

62 Rest Of Europe Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

63 Rest of Europe Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

64 REST OF EUROPE Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

65 Asia Pacific Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

66 Asia Pacific Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

67 Asia Pacific Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

68 asia Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

69 Asia Pacific Carbide Cutting Tools Market, By Country, 2020-2028 (USD Million)

70 China Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

71 China Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

72 China Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

73 china Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

74 India Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

75 India Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

76 India Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

77 india Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

78 Japan Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

79 Japan Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

80 Japan Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

81 japan Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

82 South Korea Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

83 South Korea Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

84 South Korea Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

85 south korea Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

86 Middle East & Africa Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

87 Middle East & Africa Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

88 Middle East & Africa Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

89 MIDDLE EAST & AFRICA Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

90 Middle East & Africa Carbide Cutting Tools Market, By Country, 2020-2028 (USD Million)

91 Saudi Arabia Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

92 Saudi Arabia Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

93 Saudi Arabia Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

94 saudi arabia Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

95 UAE Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

96 UAE Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

97 UAE Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

98 uae Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

99 Central & South America Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

100 Central & South America Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

101 Central & South America Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

102 CENTRAL & SOUTH AMERICA Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

103 Central & South America Carbide Cutting Tools Market, By Country, 2020-2028 (USD Million)

104 Brazil Carbide Cutting Tools Market, By Product Type, 2020-2028 (USD Million)

105 Brazil Carbide Cutting Tools Market, By Configuration, 2020-2028 (USD Million)

106 Brazil Carbide Cutting Tools Market, By Coating, 2020-2028 (USD Million)

107 brazil Carbide Cutting Tools Market, By End-User channel, 2020-2028 (USD Million)

108 Ingersoll Cutting Tool Company: Products & Services Offering

109 SGS Tool Company: Products & Services Offering

110 Advent Tool & Manufacturing, Inc.: Products & Services Offering

111 Garr Tool Company: Products & Services Offering

112 Mitsubishi Materials Corporation: Products & Services Offering

113 BEST CARBIDE CUTTING TOOLS, INC.: Products & Services Offering

114 CERATIZIT S.A. : Products & Services Offering

115 PROMAX Tools: Products & Services Offering

116 Rock River Tool, Inc., Inc: Products & Services Offering

117 VHF Camfacture AG: Products & Services Offering

118 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Carbide Cutting Tools Market Overview

2 Global Carbide Cutting Tools Market Value From 2020-2028 (USD Mllion)

3 Global Carbide Cutting Tools Market Share, By Product Type (2022)

4 Global Carbide Cutting Tools Market Share, By Configuration (2022)

5 Global Carbide Cutting Tools Market Share, By Coating (2022)

6 Global Carbide Cutting Tools Market Share, By End-User Channel (2022)

7 Global Carbide Cutting Tools Market, By Region (Asia Pacific Market)

8 Technological Trends In Global Carbide Cutting Tools Market

9 Four Quadrant Competitor Positioning Matrix

10 Impact Of Macro & Micro Indicators On The Market

11 Impact Of Key Drivers On The Global Carbide Cutting Tools Market

12 Impact Of Challenges On The Global Carbide Cutting Tools Market

13 Porter’s Five Forces Analysis

14 Global Carbide Cutting Tools Market: By Product Type Scope Key Takeaways

15 Global Carbide Cutting Tools Market, By Product Type Segment: Revenue Growth Analysis

16 Drilling Tools Market, By Region, 2020-2028 (USD Mllion)

17 Milling Tools Market, By Region, 2020-2028 (USD Mllion)

18 Turning Tools Market, By Region, 2020-2028 (USD Mllion)

19 Others Market, By Region, 2020-2028 (USD Mllion)

20 Global Carbide Cutting Tools Market: By Configuration Scope Key Takeaways

21 Global Carbide Cutting Tools Market, By Configuration Segment: Revenue Growth Analysis

22 Hand-Based Market, By Region, 2020-2028 (USD Mllion)

23 Machine-Based Market, By Region, 2020-2028 (USD Mllion)

24 Global Carbide Cutting Tools Market: By Coating Scope Key Takeaways

25 Global Carbide Cutting Tools Market, By Coating Segment: Revenue Growth Analysis

26 Coated Market, By Region, 2020-2028 (USD Mllion)

27 Non-coated Market, By Region, 2020-2028 (USD Mllion)

28 Global Carbide Cutting Tools Market: By End-User Channel Scope Key Takeaways

29 Global Carbide Cutting Tools Market, By End-User Channel Segment: Revenue Growth Analysis

30 Automotive Market, By Region, 2020-2028 (USD Mllion)

31 Electronics & Electrical Market, By Region, 2020-2028 (USD Mllion)

32 Aerospace, Marine & Defense Market, By Region, 2020-2028 (USD Mllion)

33 Plastics Market, By Region, 2020-2028 (USD Mllion)

34 Construction & Mining Market, By Region, 2020-2028 (USD Mllion)

35 Others Market, By Region, 2020-2028 (USD Mllion)

36 Regional Segment: Revenue Growth Analysis

37 Global Carbide Cutting Tools Market: Regional Analysis

38 North America Carbide Cutting Tools Market Overview

39 North America Carbide Cutting Tools Market, By Product Type

40 North America Carbide Cutting Tools Market, By Configuration

41 North America Carbide Cutting Tools Market, By Coating

42 North America Carbide Cutting Tools Market, By End-User Channel

43 North America Carbide Cutting Tools Market, By Country

44 U.S. Carbide Cutting Tools Market, By Product Type

45 U.S. Carbide Cutting Tools Market, By Configuration

46 U.S. Carbide Cutting Tools Market, By Coating

47 U.S. Carbide Cutting Tools Market, By End-User Channel

48 Canada Carbide Cutting Tools Market, By Product Type

49 Canada Carbide Cutting Tools Market, By Configuration

50 Canada Carbide Cutting Tools Market, By Coating

51 Canada Carbide Cutting Tools Market, By End-User Channel

52 Mexico Carbide Cutting Tools Market, By Product Type

53 Mexico Carbide Cutting Tools Market, By Configuration

54 Mexico Carbide Cutting Tools Market, By Coating

55 Mexico Carbide Cutting Tools Market, By End-User Channel

56 Four Quadrant Positioning Matrix

57 Company Market Share Analysis

58 Ingersoll Cutting Tool Company: Company Snapshot

59 Ingersoll Cutting Tool Company: SWOT Analysis

60 Ingersoll Cutting Tool Company: Geographic Presence

61 SGS Tool Company: Company Snapshot

62 SGS Tool Company: SWOT Analysis

63 SGS Tool Company: Geographic Presence

64 Advent Tool & Manufacturing, Inc.: Company Snapshot

65 Advent Tool & Manufacturing, Inc.: SWOT Analysis

66 Advent Tool & Manufacturing, Inc.: Geographic Presence

67 Garr Tool Company: Company Snapshot

68 Garr Tool Company: Swot Analysis

69 Garr Tool Company: Geographic Presence

70 Mitsubishi Materials Corporation: Company Snapshot

71 Mitsubishi Materials Corporation: SWOT Analysis

72 Mitsubishi Materials Corporation: Geographic Presence

73 Best Carbide Cutting Tools, Inc.: Company Snapshot

74 Best Carbide Cutting Tools, Inc.: SWOT Analysis

75 Best Carbide Cutting Tools, Inc.: Geographic Presence

76 CERATIZIT S.A. : Company Snapshot

77 CERATIZIT S.A. : SWOT Analysis

78 CERATIZIT S.A. : Geographic Presence

79 PROMAX Tools: Company Snapshot

80 PROMAX Tools: SWOT Analysis

81 PROMAX Tools: Geographic Presence

82 Rock River Tool, Inc., Inc.: Company Snapshot

83 Rock River Tool, Inc., Inc.: SWOT Analysis

84 Rock River Tool, Inc., Inc.: Geographic Presence

85 VHF Camfacture AG: Company Snapshot

86 VHF Camfacture AG: SWOT Analysis

87 VHF Camfacture AG: Geographic Presence

88 Other Companies: Company Snapshot

89 Other Companies: SWOT Analysis

90 Other Companies: Geographic Presence

The Global Carbide Cutting Tools Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Carbide Cutting Tools Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the carbide cutting tools market?

The global carbide cutting tools market is expected to grow at a CAGR of 5.2% from 2023 to 2028.

Who are the major vendors in the carbide cutting tools market?

The key players covered in the global carbide cutting tools market include Ingersoll Cutting Tool Company, SGS Tool Company, Advent Tool & Manufacturing, Inc., Garr Tool Company, Mitsubishi Materials Corporation, Best Carbide Cutting Tools, Inc., CERATIZIT S.A., PROMAX Tools, Rock River Tool, Inc., and vHF Camfacture AG among others.

What are the opportunities prevailing in the global carbide cutting tools market?

The opportunities prevailing in the global carbide cutting tools market are the rapid technological growth in the design and cutting segment across automotive and construction industry and the need to achieve production efficacy.

What are the major drivers in the carbide cutting tools market?

Using carbide tools has a lot of important benefits, including less material waste, lower labour costs, better quality, lower inventory costs, etc. Also, manufacturers are putting a lot of effort into creating products with the best cutting geometries and high-performance coverings, which is attracting customers and driving the markets expansion.