Metal cutting tools market: 48% of growth will come from APAC

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Market dynamics

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

the rising construction activity in emerging APAC countries is another major factor supporting the growth of metal cutting tools market share. Infrastructure planning in developing economies such as India and Indonesia will drive the growth of the global power tools market. Mission Smart Cities, Make in India initiative, and housing for all programs should trigger construction activities in India. Under the Smart Cities Mission initiative, cities include state capitals and major cities where each city would receive millions of dollars in the first two years to improve infrastructure.

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Company Profiles

The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

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

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

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Market segmentation

  • By product- The growth of metal cutting tools market share by the milling tools segment will be significant during the forecast period.
  • By geography- 48% of the market growth will come from APAC during the forecast period. China, Japanand India are the key markets for metal cutting tools in APAC. Market growth in APAC will be faster than growth market in other regions. the increase in the number of construction activities in emerging countries and increase in public spending for infrastructure development will facilitate the growth of the metal cutting tools market in APAC region over the forecast period.

Download our sample report for more information on the market share and contribution of different regions and segments

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metal fabrication equipment market Germany by End User and Type – Forecast and Analysis 2022-2026: The metal fabrication equipment market share in Germany is expected to grow by USD 33.74 million from 2021 to 2026, at a CAGR of 4.03%. For more exclusive research information: Download our sample report

Scope of the metal cutting tools market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 3.96%

Market Growth 2021-2025

$4.26 billion

Market structure

Fragmented

Annual growth (%)

3.00

Regional analysis

APAC, Europe, North America, South America and MEA

Successful market contribution

APAC at 48%

Main consumer countries

China, USA, Germany, Japan and India

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Customization overview

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Milling Tools – Market size and forecast 2020-2025
  • Drilling Tools – Market size and forecast 2020-2025
  • Other Tools – Market size and forecast 2020-2025
  • Market opportunity by product

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • AMADA Co.Ltd.
  • Berkenhoff GmbH
  • Colfax Corp.
  • DMG MORI AKTIENGESELLSCHAFT
  • FANUC Corp.
  • Gedik Kaynak AS
  • Illinois Tool Works Inc.
  • Mitsubishi Electric Corp.
  • Sandvik AB
  • TRUMPF GmbH + Co. KG

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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