Table of Content

1 Introduction 12
1.1 Industry Definition and Research Scope 12
1.1.1 Industry Definition 12
1.1.2 Research Scope 13
1.2 Research Methodology 16
1.2.1 Overview of Market Research Methodology 16
1.2.2 Market Assumption 17
1.2.3 Secondary Data 17
1.2.4 Primary Data 17
1.2.5 Data Filtration and Model Design 18
1.2.6 Market Size/Share Estimation 19
1.2.7 Research Limitations 20
1.3 Executive Summary 21

2 Market Overview and Dynamics 24
2.1 Market Size and Forecast 24
2.1.1 Impact of COVID-19 on World Economy 26
2.1.2 Impact of COVID-19 on the Market 30
2.1.3 Impact of Russia-Ukraine Conflict 32
2.1.4 Impact of Israel-Palestine War 34
2.2 Major Growth Drivers 36
2.3 Market Restraints and Challenges 39
2.4 Emerging Opportunities and Market Trends 42
2.5 Porter’s Fiver Forces Analysis 46

3 Segmentation of Global Market by Tool Type 50
3.1 Market Overview by Tool Type 50
3.2 Solid Round Tools 54
3.3 Indexable Cutting Tools 55

4 Segmentation of Global Market by Product 56
4.1 Market Overview by Product 56
4.2 Groovers 60
4.3 Reamers 61
4.4 Milling Cutters 62
4.5 Drills 63
4.6 Other Products 64

5 Segmentation of Global Market by Material 65
5.1 Market Overview by Material 65
5.2 Cemented Carbide 69
5.3 High-speed Steel (HSS) 70
5.4 Ceramics 71
5.5 Cubic Boron Nitride (CBN) 72
5.6 Other Materials 73

6 Segmentation of Global Market by Chip Breaker 74
6.1 Market Overview by Chip Breaker 74
6.2 Step/Shelf Chip Breaker 78
6.3 Groove/Ridge Chip Breaker 79
6.4 Universal Chip Breaker 80
6.5 Separate Chip Breaker 81

7 Segmentation of Global Market by Application 82
7.1 Market Overview by Application 82
7.2 Threading & Milling 86
7.3 Shearing & Parting 87
7.4 Grooving & Drilling 88
7.5 Boring 89

8 Segmentation of Global Market by Industry Vertical 90
8.1 Market Overview by Industry Vertical 90
8.2 Automotive Industry 94
8.3 General Manufacturing 95
8.4 Aerospace & Defense 96
8.5 Oil & Gas 97
8.6 Electronics Industry 98
8.7 Construction 99
8.8 Energy & Power 100
8.9 Medical Industry 101
8.10 Other Industry Verticals 102

9 Segmentation of Global Market by Distribution Channel 103
9.1 Market Overview by Distribution Channel 103
9.2 Offline Sales 107
9.3 Online Sales 108

10 Segmentation of Global Market by Region 109
10.1 Geographic Market Overview 2023-2033 109
10.2 North America Market 2023-2033 by Country 115
10.2.1 Overview of North America Market 115
10.2.2 U.S. 119
10.2.3 Canada 122
10.2.4 Mexico 124
10.3 European Market 2023-2033 by Country 126
10.3.1 Overview of European Market 126
10.3.2 Germany 130
10.3.3 U.K. 132
10.3.4 France 134
10.3.5 Spain 136
10.3.6 Italy 138
10.3.7 Netherlands 140
10.3.8 Rest of European Market 142
10.4 Asia-Pacific Market 2023-2033 by Country 144
10.4.1 Overview of Asia-Pacific Market 144
10.4.2 Japan 148
10.4.3 China 151
10.4.4 Australia 153
10.4.5 India 155
10.4.6 South Korea 157
10.4.7 Rest of APAC Region 159
10.5 South America Market 2023-2033 by Country 161
10.5.1 Argentina 164
10.5.2 Brazil 166
10.5.3 Chile 168
10.5.4 Rest of South America Market 170
10.6 MEA Market 2023-2033 by Country 171
10.6.1 UAE 174
10.6.2 Saudi Arabia 176
10.6.3 South Africa 178
10.6.4 Other National Markets 180

11 Competitive Landscape 181
11.1 Overview of Key Vendors 181
11.2 New Product Launch, Partnership, Investment, and M&A 184
11.3 Company Profiles 185
Ceratizit Group 185
Fraisa SA 187
Hikoki 188
Hilti Corporation 189
ICS Cutting Tools Inc. 190
Ingersoll Cutting Tools 191
Iscar Ltd. 192
J Schneeberger Maschinen AG 193
Kelin Tools 194
Kennametal Inc. 195
Kyocera 196
Makita Corporation 197
Mapal 198
OSG Corporation 199
OTTO BAIER GmbH 200
Robert Bosch 201
Sandvik AG 202
Snap-on Incorporated 203
Stanley Black & Decker 204
Vollmer 205
RELATED REPORTS 206



List of Figures

List of Figures:

Figure 1. Research Method Flow Chart 16
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 19
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 21
Figure 4. Global Cutting Tools Market by Value, 2023-2033, $ mn 24
Figure 5. Global Cutting Tools Market by Volume, 2023-2033, million units 25
Figure 6. Impact of COVID-19 on Business 30
Figure 7. Primary Drivers and Impact Factors of Global Cutting Tools Market 36
Figure 8. Primary Restraints and Impact Factors of Global Cutting Tools Market 39
Figure 9. Investment Opportunity Analysis 43
Figure 10. Porter’s Fiver Forces Analysis of Global Cutting Tools Market 46
Figure 11. Breakdown of Global Cutting Tools Market by Tool Type, 2023-2033, % of Revenue 51
Figure 12. Global Addressable Market Cap in 2024-2033 by Tool Type, Value ($ mn) and Share (%) 51
Figure 13. Breakdown of Global Cutting Tools Market by Tool Type, 2023-2033, % of Sales Volume 53
Figure 14. Global Addressable Market Cap in 2024-2033 by Tool Type, Volume (million units) and Share (%) 53
Figure 15. Breakdown of Global Cutting Tools Market by Product, 2023-2033, % of Sales Revenue 57
Figure 16. Global Addressable Market Cap in 2024-2033 by Product, Value ($ mn) and Share (%) 57
Figure 17. Breakdown of Global Cutting Tools Market by Product, 2023-2033, % of Sales Volume 59
Figure 18. Global Addressable Market Cap in 2024-2033 by Product, Volume (million units) and Share (%) 59
Figure 19. Breakdown of Global Cutting Tools Market by Material, 2023-2033, % of Sales Revenue 66
Figure 20. Global Addressable Market Cap in 2024-2033 by Material, Value ($ mn) and Share (%) 66
Figure 21. Breakdown of Global Cutting Tools Market by Material, 2023-2033, % of Sales Volume 68
Figure 22. Global Addressable Market Cap in 2024-2033 by Material, Volume (million units) and Share (%) 68
Figure 23. Breakdown of Global Cutting Tools Market by Chip Breaker, 2023-2033, % of Revenue 75
Figure 24. Global Addressable Market Cap in 2024-2033 by Chip Breaker, Value ($ mn) and Share (%) 75
Figure 25. Breakdown of Global Cutting Tools Market by Chip Breaker, 2023-2033, % of Sales Volume 77
Figure 26. Global Addressable Market Cap in 2024-2033 by Chip Breaker, Volume (million units) and Share (%) 77
Figure 27. Breakdown of Global Cutting Tools Market by Application, 2023-2033, % of Revenue 83
Figure 28. Global Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 83
Figure 29. Breakdown of Global Cutting Tools Market by Application, 2023-2033, % of Sales Volume 85
Figure 30. Global Addressable Market Cap in 2024-2033 by Application, Volume (million units) and Share (%) 85
Figure 31. Breakdown of Global Cutting Tools Market by Industry Vertical, 2023-2033, % of Revenue 91
Figure 32. Global Addressable Market Cap in 2024-2033 by Industry Vertical, Value ($ mn) and Share (%) 91
Figure 33. Breakdown of Global Cutting Tools Market by Industry Vertical, 2023-2033, % of Sales Volume 93
Figure 34. Global Addressable Market Cap in 2024-2033 by Industry Vertical, Volume (million units) and Share (%) 93
Figure 35. Breakdown of Global Cutting Tools Market by Distribution Channel, 2023-2033, % of Revenue 103
Figure 36. Global Addressable Market Cap in 2024-2033 by Distribution Channel, Value ($ mn) and Share (%) 104
Figure 37. Breakdown of Global Cutting Tools Market by Distribution Channel, 2023-2033, % of Sales Volume 105
Figure 38. Global Addressable Market Cap in 2024-2033 by Distribution Channel, Volume (million units) and Share (%) 106
Figure 39. Global Market Snapshot by Region 109
Figure 40. Geographic Spread of Worldwide Cutting Tools Market, 2023-2033, % of Sales Revenue 110
Figure 41. Global Addressable Market Cap in 2024-2033 by Region, Value ($ mn) and Share (%) 111
Figure 42. Geographic Spread of Worldwide Cutting Tools Market, 2023-2033, % of Sales Volume 112
Figure 43. Global Addressable Market Cap in 2024-2033 by Region, Volume (million units) and Share (%) 113
Figure 44. North American Cutting Tools Market, 2023-2033, $ mn 116
Figure 45. Breakdown of North America Cutting Tools Market by Country, 2023 and 2033, % of Revenue 117
Figure 46. Contribution to North America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 118
Figure 47. U.S. Cutting Tools Market, 2023-2033, $ mn 120
Figure 48. Canada Cutting Tools Market, 2023-2033, $ mn 122
Figure 49. Cutting Tools Market in Mexico, 2023-2033, $ mn 124
Figure 50. European Cutting Tools Market, 2023-2033, $ mn 127
Figure 51. Breakdown of European Cutting Tools Market by Country, 2023 and 2033, % of Revenue 128
Figure 52. Contribution to Europe 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 129
Figure 53. Cutting Tools Market in Germany, 2023-2033, $ mn 130
Figure 54. Cutting Tools Market in U.K., 2023-2033, $ mn 132
Figure 55. Cutting Tools Market in France, 2023-2033, $ mn 134
Figure 56. Cutting Tools Market in Spain, 2023-2033, $ mn 136
Figure 57. Cutting Tools Market in Italy, 2023-2033, $ mn 138
Figure 58. Cutting Tools Market in Netherlands, 2023-2033, $ mn 140
Figure 59. Cutting Tools Market in Rest of Europe, 2023-2033, $ mn 142
Figure 60. Asia-Pacific Cutting Tools Market, 2023-2033, $ mn 145
Figure 61. Breakdown of APAC Cutting Tools Market by Country, 2023 and 2033, % of Revenue 145
Figure 62. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 147
Figure 63. Cutting Tools Market in Japan, 2023-2033, $ mn 149
Figure 64. Cutting Tools Market in China, 2023-2033, $ mn 151
Figure 65. Cutting Tools Market in Australia, 2023-2033, $ mn 153
Figure 66. Cutting Tools Market in India, 2023-2033, $ mn 155
Figure 67. Cutting Tools Market in South Korea, 2023-2033, $ mn 157
Figure 68. Cutting Tools Market in Rest of APAC, 2023-2033, $ mn 159
Figure 69. South America Cutting Tools Market, 2023-2033, $ mn 162
Figure 70. Breakdown of South America Cutting Tools Market by Country, 2023 and 2033, % of Revenue 162
Figure 71. Contribution to South America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 163
Figure 72. Cutting Tools Market in Argentina, 2023-2033, $ mn 164
Figure 73. Cutting Tools Market in Brazil, 2023-2033, $ mn 166
Figure 74. Cutting Tools Market in Chile, 2023-2033, $ mn 168
Figure 75. Cutting Tools Market in Rest of South America, 2023-2033, $ mn 170
Figure 76. Cutting Tools Market in Middle East and Africa (MEA), 2023-2033, $ mn 172
Figure 77. Breakdown of MEA Cutting Tools Market by Country, 2023 and 2033, % of Revenue 172
Figure 78. Contribution to MEA 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 173
Figure 79. Cutting Tools Market in UAE, 2023-2033, $ mn 174
Figure 80. Cutting Tools Market in Saudi Arabia, 2023-2033, $ mn 176
Figure 81. Cutting Tools Market in South Africa, 2023-2033, $ mn 178
Figure 82. Growth Stage of Global Cutting Tools Industry over the Forecast Period 181

List of Tables

List of Tables:

Table 1. Snapshot of Global Cutting Tools Market in Balanced Perspective, 2023-2033 22
Table 2. World Economic Outlook, 2024-2036 27
Table 3. World Economic Outlook, 2022-2024 29
Table 4. Scenarios for Economic Impact of Ukraine Crisis 33
Table 5. Scenarios for Economic Impact of Israel-Palestine War 34
Table 6. Main Product Trends and Market Opportunities in Global Cutting Tools Market 42
Table 7. Global Cutting Tools Market by Tool Type, 2023-2033, $ mn 50
Table 8. Global Cutting Tools Market by Tool Type, 2023-2033, million units 52
Table 9. Global Cutting Tools Market by Tool Type: Solid Round Tools, 2023-2033, $ mn and million units 54
Table 10. Global Cutting Tools Market by Tool Type: Indexable Cutting Tools, 2023-2033, $ mn and million units 55
Table 11. Global Cutting Tools Market by Product, 2023-2033, $ mn 56
Table 12. Global Cutting Tools Market by Product, 2023-2033, million units 58
Table 13. Global Cutting Tools Market by Product: Groovers, 2023-2033, $ mn and million units 60
Table 14. Global Cutting Tools Market by Product: Reamers, 2023-2033, $ mn and million units 61
Table 15. Global Cutting Tools Market by Product: Milling Cutters, 2023-2033, $ mn and million units 62
Table 16. Global Cutting Tools Market by Product: Drills, 2023-2033, $ mn and million units 63
Table 17. Global Cutting Tools Market by Product: Other Products, 2023-2033, $ mn and million units 64
Table 18. Global Cutting Tools Market by Material, 2023-2033, $ mn 65
Table 19. Global Cutting Tools Market by Material, 2023-2033, million units 67
Table 20. Global Cutting Tools Market by Material: Cemented Carbide, 2023-2033, $ mn and million units 69
Table 21. Global Cutting Tools Market by Material: High-speed Steel (HSS), 2023-2033, $ mn and million units 70
Table 22. Global Cutting Tools Market by Material: Ceramics, 2023-2033, $ mn and million units 71
Table 23. Global Cutting Tools Market by Material: Cubic Boron Nitride (CBN), 2023-2033, $ mn and million units 72
Table 24. Global Cutting Tools Market by Material: Other Materials, 2023-2033, $ mn and million units 73
Table 25. Global Cutting Tools Market by Chip Breaker, 2023-2033, $ mn 74
Table 26. Global Cutting Tools Market by Chip Breaker, 2023-2033, million units 76
Table 27. Global Cutting Tools Market by Chip Breaker: Step/Shelf Chip Breaker, 2023-2033, $ mn and million units 78
Table 28. Global Cutting Tools Market by Chip Breaker: Groove/Ridge Chip Breaker, 2023-2033, $ mn and million units 79
Table 29. Global Cutting Tools Market by Chip Breaker: Universal Chip Breaker, 2023-2033, $ mn and million units 80
Table 30. Global Cutting Tools Market by Chip Breaker: Separate Chip Breaker, 2023-2033, $ mn and million units 81
Table 31. Global Cutting Tools Market by Application, 2023-2033, $ mn 82
Table 32. Global Cutting Tools Market by Application, 2023-2033, million units 84
Table 33. Global Cutting Tools Market by Application: Threading & Milling, 2023-2033, $ mn and million units 86
Table 34. Global Cutting Tools Market by Application: Shearing & Parting, 2023-2033, $ mn and million units 87
Table 35. Global Cutting Tools Market by Application: Grooving & Drilling, 2023-2033, $ mn and million units 88
Table 36. Global Cutting Tools Market by Application: Boring, 2023-2033, $ mn and million units 89
Table 37. Global Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 90
Table 38. Global Cutting Tools Market by Industry Vertical, 2023-2033, million units 92
Table 39. Global Cutting Tools Market by Industry Vertical: Automotive Industry, 2023-2033, $ mn and million units 94
Table 40. Global Cutting Tools Market by Industry Vertical: General Manufacturing, 2023-2033, $ mn and million units 95
Table 41. Global Cutting Tools Market by Industry Vertical: Aerospace & Defense, 2023-2033, $ mn and million units 96
Table 42. Global Cutting Tools Market by Industry Vertical: Oil & Gas, 2023-2033, $ mn and million units 97
Table 43. Global Cutting Tools Market by Industry Vertical: Electronics Industry, 2023-2033, $ mn and million units 98
Table 44. Global Cutting Tools Market by Industry Vertical: Construction, 2023-2033, $ mn and million units 99
Table 45. Global Cutting Tools Market by Industry Vertical: Energy & Power, 2023-2033, $ mn and million units 100
Table 46. Global Cutting Tools Market by Industry Vertical: Medical Industry, 2023-2033, $ mn and million units 101
Table 47. Global Cutting Tools Market by Industry Vertical: Other Industry Verticals, 2023-2033, $ mn and million units 102
Table 48. Global Cutting Tools Market by Distribution Channel, 2023-2033, $ mn 103
Table 49. Global Cutting Tools Market by Distribution Channel, 2023-2033, million units 105
Table 50. Global Cutting Tools Market by Distribution Channel: Offline Sales, 2023-2033, $ mn and million units 107
Table 51. Global Cutting Tools Market by Distribution Channel: Online Sales, 2023-2033, $ mn and million units 108
Table 52. Global Cutting Tools Market by Region, 2023-2033, $ mn 110
Table 53. Global Cutting Tools Market by Region, 2023-2033, million units 112
Table 54. Leading National Cutting Tools Market, 2023 and 2033, $ mn 114
Table 55. North America Cutting Tools Market by Country, 2023-2033, $ mn 117
Table 56. U.S. Cutting Tools Market by Tool Type, 2023-2033, $ mn 121
Table 57. U.S. Cutting Tools Market by Material, 2023-2033, $ mn 121
Table 58. U.S. Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 121
Table 59. Canada Cutting Tools Market by Tool Type, 2023-2033, $ mn 123
Table 60. Canada Cutting Tools Market by Material, 2023-2033, $ mn 123
Table 61. Canada Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 123
Table 62. Mexico Cutting Tools Market by Tool Type, 2023-2033, $ mn 125
Table 63. Mexico Cutting Tools Market by Material, 2023-2033, $ mn 125
Table 64. Mexico Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 125
Table 65. Europe Cutting Tools Market by Country, 2023-2033, $ mn 129
Table 66. Germany Cutting Tools Market by Tool Type, 2023-2033, $ mn 131
Table 67. Germany Cutting Tools Market by Material, 2023-2033, $ mn 131
Table 68. Germany Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 131
Table 69. U.K. Cutting Tools Market by Tool Type, 2023-2033, $ mn 133
Table 70. U.K. Cutting Tools Market by Material, 2023-2033, $ mn 133
Table 71. U.K. Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 133
Table 72. France Cutting Tools Market by Tool Type, 2023-2033, $ mn 135
Table 73. France Cutting Tools Market by Material, 2023-2033, $ mn 135
Table 74. France Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 135
Table 75. Spain Cutting Tools Market by Tool Type, 2023-2033, $ mn 137
Table 76. Spain Cutting Tools Market by Material, 2023-2033, $ mn 137
Table 77. Spain Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 137
Table 78. Italy Cutting Tools Market by Tool Type, 2023-2033, $ mn 139
Table 79. Italy Cutting Tools Market by Material, 2023-2033, $ mn 139
Table 80. Italy Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 139
Table 81. Netherlands Cutting Tools Market by Tool Type, 2023-2033, $ mn 141
Table 82. Netherlands Cutting Tools Market by Material, 2023-2033, $ mn 141
Table 83. Netherlands Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 141
Table 84. Cutting Tools Market in Rest of Europe by Country, 2023-2033, $ mn 143
Table 85. APAC Cutting Tools Market by Country, 2023-2033, $ mn 146
Table 86. Japan Cutting Tools Market by Tool Type, 2023-2033, $ mn 150
Table 87. Japan Cutting Tools Market by Material, 2023-2033, $ mn 150
Table 88. Japan Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 150
Table 89. China Cutting Tools Market by Tool Type, 2023-2033, $ mn 152
Table 90. China Cutting Tools Market by Material, 2023-2033, $ mn 152
Table 91. China Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 152
Table 92. Australia Cutting Tools Market by Tool Type, 2023-2033, $ mn 154
Table 93. Australia Cutting Tools Market by Material, 2023-2033, $ mn 154
Table 94. Australia Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 154
Table 95. India Cutting Tools Market by Tool Type, 2023-2033, $ mn 156
Table 96. India Cutting Tools Market by Material, 2023-2033, $ mn 156
Table 97. India Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 156
Table 98. South Korea Cutting Tools Market by Tool Type, 2023-2033, $ mn 158
Table 99. South Korea Cutting Tools Market by Material, 2023-2033, $ mn 158
Table 100. South Korea Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 158
Table 101. Cutting Tools Market in Rest of APAC by Country/Region, 2023-2033, $ mn 160
Table 102. South America Cutting Tools Market by Country, 2023-2033, $ mn 163
Table 103. Argentina Cutting Tools Market by Tool Type, 2023-2033, $ mn 165
Table 104. Argentina Cutting Tools Market by Material, 2023-2033, $ mn 165
Table 105. Argentina Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 165
Table 106. Brazil Cutting Tools Market by Tool Type, 2023-2033, $ mn 167
Table 107. Brazil Cutting Tools Market by Material, 2023-2033, $ mn 167
Table 108. Brazil Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 167
Table 109. Chile Cutting Tools Market by Tool Type, 2023-2033, $ mn 169
Table 110. Chile Cutting Tools Market by Material, 2023-2033, $ mn 169
Table 111. Chile Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 169
Table 112. MEA Cutting Tools Market by Country, 2023-2033, $ mn 173
Table 113. UAE Cutting Tools Market by Tool Type, 2023-2033, $ mn 175
Table 114. UAE Cutting Tools Market by Material, 2023-2033, $ mn 175
Table 115. UAE Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 175
Table 116. Saudi Arabia Cutting Tools Market by Tool Type, 2023-2033, $ mn 177
Table 117. Saudi Arabia Cutting Tools Market by Material, 2023-2033, $ mn 177
Table 118. Saudi Arabia Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 177
Table 119. South Africa Cutting Tools Market by Tool Type, 2023-2033, $ mn 179
Table 120. South Africa Cutting Tools Market by Material, 2023-2033, $ mn 179
Table 121. South Africa Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 179
Table 122. Ceratizit Group: Company Snapshot 185
Table 123. Ceratizit Group: Business Segmentation 186
Table 124. Ceratizit Group: Product Portfolio 186