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(IT-NEWSWIRE.COM, September 05, 2018 ) Global Metal Cutting Tools Market 2018-2023
In the context of machining, a cutting tool is any tool that is used to remove material from the workpiece by means of shear deformation. Cutting may be accomplished by single-point or multipoint tools. Single-point tools are used in turning, shaping, plaining and similar operations, and remove material by means of one cutting edge. Milling and drilling tools are often multipoint tools. Grinding tools are also multipoint tools. Each grain of abrasive functions as a microscopic single-point cutting edge (although of high negative rake angle), and shears a tiny chip.
Scope of the Global Metal Cutting Tools Market Report
This report focuses on the Metal Cutting Tools in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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The worldwide market for Metal Cutting Tools is expected to grow at a CAGR of roughly 6.1% over the next five years, will reach 29200 million US$ in 2023, from 20500 million US$ in 2017, according to a new GIR (Global Info Research) study.
In the coming years there is an increasing demand for Metal Cutting Tools in the regions of USA and Europe that is expected to drive the market for more advanced Metal Cutting Tools. Increasing of automotive fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Metal Cutting Tools will drive growth in China markets.
Globally, the Metal Cutting Tools industry market is low concentrated as the manufacturing technology of Metal Cutting Tools is relatively matures than some high-tech equipment. And some enterprises, like Sandvik, Kennametal, Iscar, etc. are well-known for the wonderful performance of their Metal Cutting Tools and related services. At the same time, Europe, occupied 22.74% revenue market share in 2016, is remarkable in the global Metal Cutting Tools industry because of their market share and technology status of Metal Cutting Tools.
The Revenue of Metal Cutting Tools is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Metal Cutting Tools industry may not keep that fast. But it is surely forecasted that the market of Metal Cutting Tools is still promising.
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This report covers Analysis of Global Metal Cutting Tools Market Segment by Manufacturers
Sandvik
Kennametal
Iscar
OSG
Mitsubishi
Kyocera
Sumitomo
Mapal
Nachi-Fujikoshi
LMT
ZCCCT
YG-1
Shanghai Tool
Korloy
Union Tool
Tiangong
Guhring
Harbin No.1 Tool
Tivoly
Ceratizit
Hitachi
Feidadrills
Chengdu Chengliang
BIG Kaiser
Addison
Hanjiang
EST Tools
Xiamen Golden Erge
AHNO
Sandhog
Certrix-EG
Aloris
Kilowood
Global Metal Cutting Tools Market Segment by regional analysis covers
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Global Metal Cutting Tools Market Segment by Type
Cemented carbide
High speed steel
Ceramics
Diamond
Others
Or
Milling
Turning
Drilling
Grinding
Global Metal Cutting Tools Market Segment by Applications, can be divided into
Machinery Industry
Automotive Industry
Aerospace Industry
Energy Industry
Some of the Points cover in Global Metal Cutting Tools Market Research Report is:
Chapter 1: Describe Metal Cutting Tools Industry
Introduction,
Product Scope,
Market Overview,
Market Opportunities,
Market Risk,
Market Driving Force
Chapter 2: To analyze the top manufacturers of Metal Cutting Tools Industry in 2016 and 2017
Sales
Revenue and price
Chapter 3: Competitive analysis among the top manufacturers in 2016 and 2017
Sales
Revenue and market share
Chapter 4: Global Metal Cutting Tools Market by regions from 2013 to 2018
Sales
Revenue and market share
Chapter 5, 6, 7 and 8: Global Metal Cutting Tools Market by key countries in these regions
Sales
Revenue and market share
Chapter 9 and 10: Global Metal Cutting Tools Market by type and application from 2013 to 2018
Sales
Revenue and market share
Growth rate
Chapter 11:Metal Cutting Tools Industry Market forecast from 2018 to 2023
Regions
Type and application with sales and revenue
Chapter 12 and 13:Metal Cutting Tools Industry
Sales channel
Distributors
Traders and dealers
Appendix
Data source
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