CUTTING TOOLS MARKET

INTRODUCTION

The removal of material from a workpiece in the form of chips is done with the aid of cutting instruments. They are utilized in a variety of manufacturing and machining procedures, including drilling, milling, turning, and grinding. For the machining process to be effective and of high quality, cutting tool selection is essential.

In the context of machining, a cutting tool, also known as a cutter, is often a hardened metal tool that is used to cut, shape, and remove material from a workpiece using machining tools and abrasive tools through shear deformation. A large portion of these instruments are exclusively made for metals. 

CUTTING TOOLS MARKET SIZE AND FORECAST

The Global cutting tools market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

CUTTING TOOLS MARKET NEW PRODUCT LAUNCH

The Introduction of Three Newly Developed Cutting Tools for High-Efficiency Machining The need to improve manufacturing efficiency and lengthen the tool life of cutting tools is on the rise in order to shorten lead times and lower the cost of making machine components.

Three brand-new cutting tool products are described in this part in order to meet these demands and promote high manufacturing efficiency.AC8020P For turning steel, new coated grade This insert grade is suited for high-efficiency steel turning used to create components for the construction, steel, heavy electric equipment, and automotive industries.

In order to achieve outstanding stability and extended tool life in the high-efficiency machining of medium to high carbon steel, chipping resistance has been enhanced by more than 2.5 times compared to standard products.

AC5005S A new coated grade for turning materials that are challenging to cut Due to its exceptional heat resistance and corrosion resistance, this insert grade is perfect for machining hard-to-cut materials including Ni (nickel) base alloys, Co (cobalt) base alloys, and Ti (titanium) alloys, which are frequently used in the aerospace and medical industries.

Reduced tool change frequency and consumption lead to decreased tool costs since the grades are 1.5 times more efficient than standard grades at machining hard-to-cut materials.

High-feed roughing cutters of the DMSW type from SEC-Sumi Dual Mill The automobile, aircraft, shipbuilding, industrial machinery, and die-mold industries all have different machining needs that can be satisfied by high-feed, high-efficiency roughing milling cutters.

By utilizing cutting-edge insert moulding technology, a composite arc-shaped cutting edge with several connecting arcs can be efficiently machined at extremely high feed rates and deep cutting depths while attaining outstanding surface roughness. Stable machining without chattering is feasible even when using extended tool overhangs.

COMPANY PROFILE

• ETMM
• Walter AG
• ARCH 
• Mikron Tools
• Hoffmann 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many cutting tools are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of Global cutting tools and key vendor selection criteria
3. Where are the cutting tools manufactured? What is the average margin per unit?
4. Market share of Global cutting tools market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global cutting tools in-house
6. key predictions for the next 5 years in the Global cutting tools market
7. Average B-2-B cutting tools market price in all segments
8. Latest trends in the cutting tools market, by every market segment
9. The market size (both volume and value) of the cutting tools market in 2023-2030 and every year in between?
10. Production breakup of cutting tools market, by suppliers and their OEM relationship