Machine tools are essential in the manufacturing industry, primarily for the manufacturing of metal components of machines. Carbide and high speed steel tools are widely being adopted across industries. Carbide tools have various features such as wear resistance, material strength, chemical inertness, and other superior properties. The productivity of machines in the manufacturing industry depends on machine tools being used. Carbide tools have several important properties such as high speed performance, long lasting capabilities, and harsh operating attracts manufacturers for adopting carbide tools over conventional tools. Carbide tools are quite expensive, as compared to other tools. But, they help in increasing the output, lower the labor cost, give superior surface finish to components, and improve the overall quality of the product.
In terms of value, the global carbide tools market is expected to reach US$ 10,726.3 Mn by 2023, growing with a high CAGR during the forecast period. In terms of volume, the global carbide tools market is expected to reach 334,108.1 thousand units by 2023. The market is witnessing growth due to the growing development in manufacturing design and the necessity to accomplish production efficacy is setting the base for manufacturer’s investigation of superior end products. These further results in the growth of the demand for carbide tools, across globe.
This carbide tools market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the near future.
The global carbide tools market has been classified based on the material type, grade type, tools type, and end-use industries. Based on the end-use industry, the market has been segmented as metal fabrication, automotive, heavy machinery, construction, oil & gas, and others. Among these, the automotive segment is expected to hold the dominant value share in the global Carbide Tools market. The automotive segment is further categorized into railway, aerospace, and marine.
Cutting Tools, and Drilling and Milling Tools have prominent market share in the market
Carbide Tools are being used for job-shop applications such as hole-making and surface finishing, among others. Within the automotive sector, drills, reamers, countersinks, and mills tools are used for general applications, such as making co-centric holes, providing surface finishing, and for other purposes. For all types of carbide tools, manufacturers are focusing on creating coolant circulations inside carbide tools, in order to improve the operational efficiency of the tools.
India and China are the major potential market
India and China are expected to grow at a significant CAGR in the global Carbide Tools market, owing to the robust growth being witnessed in end-use industries, as well as the growing awareness about automation within the metal fabrication industry. In terms of value share, Western Europe is projected to dominate throughout the forecast period and is projected to create abundant opportunities during the forecast period. Further, the growth in the sales of electric and hybrid vehicles is also projected to fillip the demand for Carbide Tools across the globe.
Regions
North America
US
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
Thailand
Rest of APAC
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Southern Africa
Northern Africa
GCC
Rest of Middle East & Africa
The global carbide tools market is a highly competitive market due to the presence of various international, regional, and local vendors. The demand for carbide tools is expected to propel over the coming years due to rising investments in R&D by key players such as KYOCERA Corporation, Sandvik AB, and others. To expand the market, the majority of vendors are adopting new technologies and product launches, in order to gain competitive advantage in the global market. The carbide tools market is largely driven by new product launches and acquisitions.
The competition in the global carbide tools market is intense as various international and regional vendors are providing the new technology to various end-use industries for the expansion of the market. Carbide tool vendors are emphasizing on investing in R&D facilities to increase technology development. The key players and emerging vendors have improved manufacturing techniques and their products to have a competitive edge over others. Furthermore, companies are involved in acquisitions and expansions to improve their product offerings and increase the production process.
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Carbide Tools Market, 2016-2023, (Thousand Units) (US$ Mn)
2.1 Market Snapshot: Global Carbide Tools Market
2.2 Market Dynamics
2.3 Global Carbide Tools Market, by Segment, 2018
2.3.1 Global Carbide Tools Market, by Material Type, 2018, (Thousand Units) (US$ Mn)
2.3.2 Global Carbide Tools Market, by Grade Type, 2018, (Thousand Units) (US$ Mn)
2.3.3 Global Carbide Tools Market, by Tools Type, 2018 (Thousand Units) (US$ Mn)
2.3.4 Global Carbide Tools Market, by End-use Industry, 2018 (Thousand Units) (US$ Mn)
2.3.5 Global Carbide Tools Market, by Region, 2018 (Thousand Units) (US$ Mn)
2.4 Premium Insights
2.4.1 Carbide Tools Market In Developed Vs. Developing Economies, 2018 vs 2023
2.4.2 Global Carbide Tools Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Robust Technological Innovations and Growing Automation
3.2.2 Exponential growth in the automotive industry
3.2.3 Driver 3
3.3 Market Restraints
3.3.1 High cost associated with carbide tools
3.3.2 Restraint 2
3.4 Market Opportunities
3.4.1 Growing development in manufacturing design
3.4.2 Opportunity 2
3.5 Industry Value Chain Analysis
3.5.1 Analyst’s Views
3.6 Industry SWOT Analysis
Chapter 4 Global Carbide Tools Market, by Material Type
4.1 Market Overview, by Material Type
4.1.1 Global Carbide Tools Market, by Material Type, 2016-2023 (Thousand Units) (US$ Mn)
4.1.2 Incremental Opportunity, by Material Type, From 2018-2023
4.2 Aluminium Carbide
4.2.1 Global Carbide Tools Market, by Aluminium Carbide, 2016-2023, (Thousand Units) (US$ Mn)
4.3 Calcuim Carbide
4.3.1 Global Carbide Tools Market, by Calcuim Carbide, 2016-2023, (Thousand Units) (US$ Mn)
4.4 Silicon Carbide
4.4.1 Global Carbide Tools Market, by Silicon Carbide, 2016-2023, (Thousand Units) (US$ Mn)
4.5 Iron Carbide
4.5.1 Global Carbide Tools Market, by Iron Carbide, 2016-2023, (Thousand Units) (US$ Mn)
4.6 Tungsten Carbide
4.6.1 Global Carbide Tools Market, by Tungsten Carbide, 2016-2023, (Thousand Units) (US$ Mn)
Chapter 5 Global Carbide Tools Market, by Grade Type
5.1 Market Overview, by Grade Type
5.1.1 Global Carbide Tools Market, by Grade Type, 2016-2023 (Thousand Units) (US$ Mn)
5.1.2 Incremental Opportunity, by Grade Type, From 2018-2023
5.2 Cast-Iron Carbide
5.2.1 Global Carbide Tools Market, by Cast-Iron Carbide, 2016-2023, (Thousand Units) (US$ Mn)
5.3 Steel-Grade Carbide
5.3.1 Global Carbide Tools Market, by Steel-Grade Carbide, 2016-2023, (Thousand Units) (US$ Mn)
Chapter 6 Global Carbide Tools Market, by Tools Type
6.1 Market Overview, by Tools Type
6.1.1 Global Carbide Tools Market, by Tools Type, 2016-2023 (Thousand Units) (US$ Mn)
6.1.2 Incremental Opportunity, by Tools Type, From 2018-2023
6.2 Tipped Bores
6.2.1 Global Carbide Tools Market, by Tipped Bores, 2016-2023, (Thousand Units) (US$ Mn)
6.3 Burrs
6.3.1 Global Carbide Tools Market, by Burrs, 2016-2023, (Thousand Units) (US$ Mn)
6.4 Cutters
6.4.1 Global Carbide Tools Market, by Cutters, 2016-2023, (Thousand Units) (US$ Mn)
6.5 Drills
6.5.1 Global Carbide Tools Market, by Drills, 2016-2023, (Thousand Units) (US$ Mn)
6.6 Tipped Reamers
6.6.1 Global Carbide Tools Market, by Tipped Reamers, 2016-2023, (Thousand Units) (US$ Mn)
6.7 Mills
6.7.1 Global Carbide Tools Market, by Mills, 2016-2023, (Thousand Units) (US$ Mn)
6.8 Countersinks
6.8.1 Global Carbide Tools Market, by Countersinks, 2016-2023, (Thousand Units) (US$ Mn)
6.9 Non-Tipped Reamers
6.9.1 Global Carbide Tools Market, by Non-Tipped Reamers, 2016-2023, (Thousand Units) (US$ Mn)
6.10 Others
6.10.1 Global Carbide Tools Market, by Others, 2016-2023, (Thousand Units) (US$ Mn)
Chapter 7 Global Carbide Tools Market, by End-use Industry
7.1 Market Overview, by End-use Industry
7.1.1 Global Carbide Tools Market, by End-use Industry, 2016-2023 (Thousand Units) (US$ Mn)
7.1.2 Incremental Opportunity, by End-use Industry, From 2018-2023
7.2 Metal Fabrication
7.2.1 Global Carbide Tools Market, by Metal Fabrication, 2016-2023, (Thousand Units) (US$ Mn)
7.3 Automotive
7.3.1 Global Carbide Tools Market, by Automotive, 2016-2023, (Thousand Units) (US$ Mn)
7.4 Heavy Machinery
7.4.1 Global Carbide Tools Market, by Heavy Machinery, 2016-2023, (Thousand Units) (US$ Mn)
7.5 Construction
7.5.1 Global Carbide Tools Market, by Construction, 2016-2023, (Thousand Units) (US$ Mn)
7.6 Oil & Gas
7.6.1 Global Carbide Tools Market, by Oil & Gas, 2016-2023, (Thousand Units) (US$ Mn)
7.7 Others
7.7.1 Global Carbide Tools Market, by Others, 2016-2023, (Thousand Units) (US$ Mn)
Chapter 8 Global Carbide Tools Market, by Region
8.1 Market Overview, by Region
8.1.1 Global Carbide Tools Market, by Region, 2016-2023, (Thousand Units) (US$ Mn)
8.2 Attractive Investment Opportunity, by Region, 2018
8.3 North America Carbide Tools Market
8.3.1 North America Carbide Tools Market, by Material Type, 2016-2023 (Thousand Units) (US$ Mn)
8.3.2 North America Carbide Tools Market, by Grade Type, 2016-2023 (Thousand Units) (US$ Mn)
8.3.3 North America Carbide Tools Market, by Tools Type, 2016-2023 (Thousand Units) (US$ Mn)
8.3.1 North America Carbide Tools Market, by End-use Industry, 2016-2023 (Thousand Units) (US$ Mn)
8.3.2 United States Country Profile
8.3.2.1 United States Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.3.3 Canada Country Profile
8.3.3.1 Canada Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.3.4 Mexico Country Profile
8.3.4.1 Mexico Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.4 Europe Carbide Tools Market
8.4.1 Europe Carbide Tools Market, by Material Type, 2016-2023 (Thousand Units) (US$ Mn)
8.4.2 Europe Carbide Tools Market, by Grade Type, 2016-2023 (Thousand Units) (US$ Mn)
8.4.3 Europe Carbide Tools Market, by Tools Type, 2016-2023 (Thousand Units) (US$ Mn)
8.4.4 Europe Carbide Tools Market, by End-use Industry, 2016-2023 (Thousand Units) (US$ Mn)
8.4.5 United Kingdom Country Profile
8.4.5.1 United Kingdom Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.4.6 Germany Country Profile
8.4.6.1 Germany Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.4.7 France Country Profile
8.4.7.1 France Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.4.8 Italy Country Profile
8.4.8.1 Italy Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.4.9 Spain Country Profile
8.4.9.1 Spain Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.4.10 Rest of Europe
8.4.10.1 Rest of Europe Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.5 Asia Pacific Carbide Tools Market
8.5.1 Asia Pacific Carbide Tools Market, by Material Type, 2016-2023 (Thousand Units) (US$ Mn)
8.5.2 Asia Pacific Carbide Tools Market, by Grade Type, 2016-2023 (Thousand Units) (US$ Mn)
8.5.3 Asia Pacific Carbide Tools Market, by Tools Type, 2016-2023 (Thousand Units) (US$ Mn)
8.5.4 Asia Pacific Carbide Tools Market, by End-use Industry, 2016-2023 (Thousand Units) (US$ Mn)
8.5.5 China Country Profile
8.5.5.1 China Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.5.6 Japan Country Profile
8.5.6.1 Japan Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.5.7 India Country Profile
8.5.7.1 India Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.5.8 Indonesia Country Profile
8.5.8.1 Indonesia Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.5.9 Thailand Country Profile
8.5.9.1 Thailand Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.5.10 Rest of Asia Pacific
8.5.10.1 Rest of Asia Pacific Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.6 Latin America Carbide Tools Market
8.6.1 Latin America Carbide Tools Market, by Material Type, 2016-2023 (Thousand Units) (US$ Mn)
8.6.2 Latin America Carbide Tools Market, by Grade Type, 2016-2023 (Thousand Units) (US$ Mn)
8.6.3 Latin America Carbide Tools Market, by Tools Type, 2016-2023 (Thousand Units) (US$ Mn)
8.6.4 Latin America Carbide Tools Market, by End-use Industry, 2016-2023 (Thousand Units) (US$ Mn)
8.6.5 Brazil Country Profile
8.6.5.1 Brazil Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.6.6 Argentina Country Profile
8.6.6.1 Argentina Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.6.7 Rest of Latin America
8.6.7.1 Rest of Latin America Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.7 Middle East & Africa Carbide Tools Market
8.7.1 Middle East & Africa Carbide Tools Market, by Material Type, 2016-2023 (Thousand Units) (US$ Mn)
8.7.2 Middle East & Africa Carbide Tools Market, by Grade Type, 2016-2023 (Thousand Units) (US$ Mn)
8.7.3 Middle East & Africa Carbide Tools Market, by Tools Type, 2016-2023 (Thousand Units) (US$ Mn)
8.7.4 Middle East & Africa Carbide Tools Market, by End-use Industry, 2016-2023 (Thousand Units) (US$ Mn)
8.7.5 Southern Africa
8.7.5.1 Southern Africa Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.7.6 Northern Africa
8.7.6.1 Northern Africa Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.7.7 GCC
8.7.7.1 GCC Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
8.7.8 Rest of Middle East & Africa
8.7.8.1 Rest of Middle East & Africa Carbide Tools Market, 2016-2023 (Thousand Units) (US$ Mn)
Chapter 9 Competitive Intelligence
9.1 Introduction
9.2 Players Evaluated During the Study
9.3 Market Players Present in Market Life Cycle
9.4 Top 5 Players Comparison
9.5 Market Positioning of Key Players, 2018
9.6 Market Players Mapping
9.6.1 By Material Type
9.6.2 By Grade Type
9.6.3 By Tools Type
9.6.4 By End-use Industry
9.6.5 By Region
9.7 Strategies Adopted by Key Market Players
9.8 Recent Developments in the Market
9.8.1 Mergers & Acquisitions, Partnership, New Product Developments
9.9 Operational Efficiency Comparison by Key Players
Chapter 10 Company Profiles
10.1 Advent Tool & Manufacturing, Inc.
10.1.1 Advent Tool & Manufacturing, Inc. Overview
10.1.2 Key Stakeholders/Person in Advent Tool & Manufacturing, Inc.
10.1.3 Advent Tool & Manufacturing, Inc. Products Portfolio
10.1.4 Advent Tool & Manufacturing, Inc. Financial Overview
10.1.5 Advent Tool & Manufacturing, Inc. News/Recent Developments
10.2 Best Carbide Cutting Tools, Inc.
10.2.1 Best Carbide Cutting Tools, Inc. Overview
10.2.2 Key Stakeholders/Person in Best Carbide Cutting Tools, Inc.
10.2.3 Best Carbide Cutting Tools, Inc. Products Portfolio
10.2.4 Best Carbide Cutting Tools, Inc. Financial Overview
10.2.5 Best Carbide Cutting Tools, Inc. News/Recent Developments
10.3 Garr Tool Company
10.3.1 Garr Tool Company Overview
10.3.2 Key Stakeholders/Person in Garr Tool Company
10.3.3 Garr Tool Company Products Portfolio
10.3.4 Garr Tool Company Financial Overview
10.3.5 Garr Tool Company News/Recent Developments
10.4 Ingersoll Cutting Tool Company
10.4.1 Ingersoll Cutting Tool Company Overview
10.4.2 Key Stakeholders/Person in Ingersoll Cutting Tool Company
10.4.3 Ingersoll Cutting Tool Company Products Portfolio
10.4.4 Ingersoll Cutting Tool Company Financial Overview
10.4.5 Ingersoll Cutting Tool Company News/Recent Developments
10.5 CERATIZIT S.A.
10.5.1 CERATIZIT S.A. Overview
10.5.2 Key Stakeholders/Person in CERATIZIT S.A.
10.5.3 CERATIZIT S.A. Products Portfolio
10.5.4 CERATIZIT S.A. Financial Overview
10.5.5 CERATIZIT S.A. News/Recent Developments
10.6 Vhf camfacture AG
10.6.1 Vhf camfacture AG Overview
10.6.2 Key Stakeholders/Person in Vhf camfacture AG
10.6.3 Vhf camfacture AG Products Portfolio
10.6.4 Vhf camfacture AG Financial Overview
10.6.5 Vhf camfacture AG News/Recent Developments
10.7 Rock River Tool
10.7.1 Rock River Tool Overview
10.7.2 Key Stakeholders/Person in Rock River Tool
10.7.3 Rock River Tool Products Portfolio
10.7.4 Rock River Tool Financial Overview
10.7.5 Rock River Tool News/Recent Developments
10.8 SGS Tool Company
10.8.1 SGS Tool Company Overview
10.8.2 Key Stakeholders/Person in SGS Tool Company
10.8.3 SGS Tool Company Products Portfolio
10.8.4 SGS Tool Company Financial Overview
10.8.5 SGS Tool Company News/Recent Developments
10.9 Vora Industries
10.9.1 Vora Industries Overview
10.9.2 Key Stakeholders/Person in Vora Industries
10.9.3 Vora Industries Products Portfolio
10.9.4 Vora Industries Financial Overview
10.9.5 Vora Industries News/Recent Developments
10.10 Tunco Manufacturing Inc.
10.10.1 Tunco Manufacturing Inc. Overview
10.10.2 Key Stakeholders/Person in Tunco Manufacturing Inc.
10.10.3 Tunco Manufacturing Inc. Products Portfolio
10.10.4 Tunco Manufacturing Inc. Financial Overview
10.10.5 Tunco Manufacturing Inc. News/Recent Developments
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