Market Dynamics
- Market Driver
One of the key factors driving growth in the metal cutting tools market is the increasing demand for metal parts in major end-user industries. Metal forming plays a crucial role in the automotive and aerospace and defense industries. The metal forming process will become a highly valuable service for OEMs, owing to the current focus on lean manufacturing and enhanced operational efficiency through various measures such as cost-cutting. The increasing investments in the automotive, aerospace, and defense industries will drive the global metal sawing machine market.
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- Market Trend
The rise in construction activities in emerging nations of APAC is another major factor supporting the metal cutting tools market share growth. Infrastructure planning in developing economies such as India and Indonesia will boost the growth of the global power tools market. Smart Cities Mission, Make in India initiative, and Housing for All programs are expected to trigger construction activities in India. Under the Smart Cities Mission initiative, the cities include capitals and major cities of states where each city would be receiving millions of dollars in the first two years to improve the infrastructure.
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Company Profiles
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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- 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 the vendors are deploying various organic and inorganic growth strategies to compete in the market.
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Market Segmentation
- By Product- The metal cutting tools market share growth by the milling tools segment will be significant during the forecast period.
- By Geography- 48% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for metal cutting tools in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The increasing number of construction activities in emerging countries and the rising government spending on the development of infrastructure will facilitate the metal cutting tools market growth in APAC over the forecast period.
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Metal Fabrication Equipment Market in Germany by End-user and Type – Forecast and Analysis 2022-2026: The metal fabrication equipment market share in Germany is expected to increase by USD 33.74 million from 2021 to 2026, at a CAGR of 4.03%. To get more exclusive research insights: Download Our Sample Report
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Metal Cutting Tools Market Scope |
|
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.96% |
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Market growth 2021-2025 |
$ 4.26 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.00 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 48% |
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Key consumer countries |
China, US, Germany, Japan, and India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
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 |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
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
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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