Carbide Tools: Global Markets

Report Highlights

The global market for carbide tools was valued at $11.9 billion in 2019, this market is expected to grow from $11.5 billion in 2021 to $16.0 billion by 2025 with a compound annual growth rate (CAGR) of 8.5% for the period of 2020-2025.

Report Includes

• 33 data tables and 13 additional tables
• An overview of the global markets for carbide tools or cemented carbide tools, extensively used in metal working operations
• Analyses of the global market trends, with data corresponding to market size for 2019, estimated data for 2020-2024 and projections of compound annual growth rates (CAGRs) through 2025
• Information on market dynamics, macroeconomic industrial scenario, market value & pricing, value chain analysis, and other factors that stimulus and impact the global carbide tools market
• Insight into the COVID-19 pandemic impact on end use industries of carbide cutting tools
• Discussion of viable technology drivers through a comprehensive look at Industry 4.0 controlling tools within the industrial network infrastructure, end users and applications of these CNC machines across workshops
• Assessment of the global competitive landscape featuring leading manufacturers and suppliers of carbide tools and their corresponding market share analysis
• Review of approved patents and allotments of patents for carbide tools
• Descriptive company profiles of major vendor companies, including ARCH Cutting Tools, Carbide Cutting Tools SC Inc., Forbes & Co. Ltd., Mitsubishi Materials Corp., and Sandvik AB

Report Scope

This study provides figures for 2019 and CAGR projections for 2021 to 2025 for the global and regional markets. The projections are based on primary contacts and our understanding of the key market drivers and their impact from historical and analytical perspectives.

This study presents both quantitative and qualitative analyses. In quantitative analysis, we included market-related information like market value. In the qualitative analysis, the study covers market dynamics, macroeconomic industrial scenario, market definition, and other factors that impact the global market for carbide tools.

This report also considers the impact of COVID-19 on end-user industries.

The global market for carbide tools is segmented into three categories: tool type, coating type and end-use industries.

• Type of tool.
  • Drilling tools.
    • Flat drills.
    • Twist drills.
    • Step and gun drills.
    • Burnishing and core drills.
    • Others
  • Cutting tools.
  • Milling tools.
    • End mills.
    • Face mills.
  • Reamers.
    • Steps reamers.
    • Taper reamers.
    • Chucking reamers.
    • Others.
  • Burrs.
  • Boring tools.
  • Inserts.
  • Countersinks.
  • Engraving tools.
  • Counterbores.
  • Routers.
  • Others.
• Coating type.
  • Coated.
  • Noncoated.
• End-user industry.
  • Automotive and transportation.
    • Automotive.
    • Aerospace.
    • Railway.
    • Marine.
  • Construction.
  • General manufacturing.
  • Furniture and carpentry.
  • Oil and gas.
  • Power and energy.
  • Mining.
  • Electronics.
  • Defense and military.
  • Healthcare and medical.
  • Others.

This report defines various market sectors, identifies key companies, and analyzes the markets to provide a five-year market forecast. In the final section, the study profiles companies, their key developments and overall market strategy for the market for carbide tools.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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