According to Stratistics MRC, the Global Cutting Tools Market is accounted for $20.34 billion in 2023 and is expected to reach $35.31 billion by 2030 growing at a CAGR of 8.2% during the forecast period.
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Metal, wood, plastic, and other materials are all shaped by cutting tools. These portable or piston-powered devices have uses in a variety of industries. Cutting tools include saws, drills, reamers, taps, end mills, lathe tools, milling cutters, and grinding wheels. The cutting tool is determined by the material, finish, and precision. With the development of new technologies and materials, cutting tools have also advanced in sophistication, tensile strength, and effectiveness.
Some of the key players in Cutting Tools market include Asahi Diamond Industrial Co., FRAISA SA, Guhring KG, Hilti Corporation, Hitachi, ICS Cutting Tools Inc., Ingersoll Cutting Tools, Kennametal Inc. Ltd., Klein Tools Inc., Kyocera Corporation, LMT ZCCCT., Makita Corporation, Mitsubishi Materials Corporation, OSG Corporation, OTTO BAIER GmbH, Robert Bosch GmbH, Sandvik AG, Seco Tools AB and Stanley Black & Decker Inc.
Tool Types Covered:
• Index able Inserts
• Solid round tools
• Other Tool Types
Material Types Covered:
• Cemented Carbide
• High-Speed Steel
• Ceramics
• Stainless steel
• Polycrystalline Diamond
• Cubic Boron Nitride
• Exotic materials
• Other Material Types
Applications Covered:
• Automotive
• Aerospace & Defense
• Construction
• Electronics
• Oil & Gas
• Power Generation
• Wood
• Die and Mold
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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