Carbide Tools Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Tool Type (End Mills, Tipped Bores, Burrs, Drills, Cutters, and Other Tools), Configuration (Hand-Based and Machine-Based), and End-User (Automotive and Transportation, Metal Fabrication, Construction, Oil and Gas, Heavy Machinery, and Other End-Users)

Publication Month: Apr 2021 | Report Code: TIPRE00007001 | No. of Pages: 165 | Category: Manufacturing and Construction | Status: Published

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The carbide tools market was valued at US$ 10,623.97 million in 2020 and is projected to reach US$ 15,320.99 million by 2028; it is expected to grow at a CAGR of 4.8% from 2021 to 2028.

 

Rising developments in manufacturing designing and growing requirements to increase the production efficacy are establishing the base for the manufacturer’s investigation of superior machine tool products, thereby boosting the demand for carbide tools. The machine tools used across industries are primarily utilized for machining or shaping metal or other rigid materials to offer a unique form with the help of boring, grinding, shearing, and cutting. Presently, there are two main types of machine tools significantly being used across different industries – high-speed steel (HSS) and carbide tools. These tools are extensively used across machining applications due to their significant features such as high speed, reduced cycle time, long working life, retaining cutting edge at high machining temperature, and exceptional wear resistance at cutting edge. The rising popularity of carbide tools, particularly across manufacturing applications, is one of the significant factors expected to boost the market during the forecast period. Furthermore, these carbide tools are being used in manufacturing units across automotive, aerospace, railway, furniture & carpentry, energy & power, and healthcare equipment industries. In these industries, special cutting tools are used to design and manufacture a product, which is propelling the demand for carbide tools. The deployment of carbide tools across different industries to operate it manually or automatically is further boosting the growth of the carbide tools market globally.

 

Impact of COVID-19 Pandemic on Carbide Tools Market

The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles’ and human’s movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has adversely affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. Therefore, manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities.

The worldwide lockdown to minimize the transmission of virus has significantly disrupted the supply chain activities along with production volume across several manufacturers, especially the small & medium enterprise owners. Moreover, the production activities in multiple industries have contracted significantly during 2020, resulting in decline in the carbide tools market. However, with the increasing need for healthcare products, the demand for carbide tools is surging from the medical industries.

 

Lucrative Regions for Carbide Tools Providers


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Carbide Tools Market Insights

Increased Production in Automotive Sector Fuels Growth of Carbide Tools Market

Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for carbide tools. The sector widely uses carbide tools in crankshaft metal machining, face milling, and hole-making, among other machining operations involved in auto parts manufacturing. The automotive industry is obtaining excellent results with the use of tungsten carbide in ball joints, brakes, crank shafts in performance vehicles, and other mechanical parts of a vehicle that sees hard usage and extreme temperatures. Automotive giants such as Audi, BMW, Ford Motor Company, and Range Rover are contributing significantly to the carbide tools market growth. Hybrid electric vehicles are gaining traction in North America, thus boosting the carbide tools market growth in the region. Countries such as the US and Canada are prominent automotive manufacturers in the region. According to the American Automotive Policy Council, automakers and their suppliers contribute ~3% to the US GDP. General Motors Company, Ford Motor Company, Fiat Chrysler Automobiles, and Daimler are among the major automotive manufacturers in North America. As per data by the International Organization of Motor Vehicle Manufacturers, in 2019, the US and Canada manufactured ~2,512,780 and ~461,370 cars, respectively. Further, the carbide tools are also highly used in railway, aerospace & defense, and marine industries.

 

Tool Type - Based Market Insights

Based on tool type, the carbide tools market is segmented into end mills, tipped bores, burrs, drills, cutters, and other tools. In 2020, the end mills segment accounted for the largest share in the market.

 

Configuration-Based Market Insights

Based on configuration, the carbide tools market is bifurcated into hand-based and machine-based. In 2020, the machine-based segment accounted for a larger market share.

 

Carbide Tools Market, by Configuration – 2020 (%)

Carbide Tools Market, by Configuration – 2020 (%)

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End-User-Based Market Insights

By end-user, the carbide tools market is segmented into automotive and transportation, metal fabrication, construction, oil and gas, heavy machinery, and other end-users. In 2020, the automotive and transportation segment accounted for the largest share in the market.


Strategic Insights

The players operating in the carbide tools market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

 

  • In November 2020, GARR TOOL entered a partnership with Mastercam to offer complete tool library to customers natively inside the Mastercam platform. The partnership will be of tremendous value for current and future customers as the manufacturing process becomes more and more reliant on instant and easy access to data.

 

  • In February 2019, CERATIZIT Group acquired 50% of the shares in Stadler Metalle GmbH & Co. KG. The company stated that the investment in Stadler enabled them to secure the entire raw materials supply chain and focus even more strongly on recycling carbide tools in the supply of raw materials.

 

The global carbide tools market has been segmented as mentioned below:

By Tool Type

  • End Mills
  • Tipped Bores
  • Burrs
  • Drills
  • Cutters
  • Other Tools

 

By Configuration

  • Hand-Based
  • Machine-Based

 

By End-User

  • Automotive and Transportation
  • Metal Fabrication
  • Construction
  • Oil and Gas
  • Heavy Machinery
  • Other End-users

 

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

 

Company Profiles

  • Xinrui Industry Co., Ltd.
  • CERATIZIT S.A.
  • GARR TOOL
  • Ingersoll Cutting Tool Company
  • KYOCERA Precision Tools
  • DIMAR GROUP
  • MITSUBISHI MATERIALS Corporation
  • Sandvik Coromant
  • YG-1 Co., Ltd.
  • Makita Corporation

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Global Carbide Tools Market – By Tool Type

1.3.2        Global Carbide Tools Market – By Configuration

1.3.3        Global Carbide Tools Market – By End-Users

1.3.4        Global Carbide Tools Market – By Geography

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Carbide Tools Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        APAC

4.2.4        MEA

4.2.5        SAM

4.3       Ecosystem Analysis

4.4       Expert Opinions

5.             Carbide Tools Market – Key Industry Dynamics

5.1       Market Drivers

5.1.1        Increased Production in Automotive Sector

5.1.2        Enhanced Performance of Carbide Tools over Counterparts

5.2       Market Restraints

5.2.1        Availability of Alternatives Solutions

5.3       Market Opportunities

5.3.1        Rising Demand for Enhanced Carbide Cutting Tools

5.4       Future Trends

5.4.1        Growing Demand in Diverse End-user Industries

5.5       Impact Analysis of Drivers and Restraints

6.             Carbide Tools Market – Global Market Analysis

6.1       Carbide Tools Market Overview

6.2       Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

6.3       Market Positioning – Five Key Players

7.             Carbide Tools Market Analysis– By Tool Type

7.1       Overview

7.2       Carbide Tools Market Breakdown, By Tool Type (2020 and 2028)

7.3       End Mills

7.3.1        Overview

7.3.2        End Mills :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.4       Tipped Bores

7.4.1        Overview

7.4.2        Tipped Bores :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.5       Burrs

7.5.1        Overview

7.5.2        Burrs :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.6       Drills

7.6.1        Overview

7.6.2        Drills :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.7       Cutters

7.7.1        Overview

7.7.2        Cutters :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.8       Other Tools

7.8.1        Overview

7.8.2        Other Tools :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

8.             Carbide Tools Market Analysis– By Configuration

8.1       Overview

8.2       Carbide Tools Market Breakdown, By Configuration (2020 and 2028)

8.3       Hand-Based

8.3.1        Overview

8.3.2        Hand-Based :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

8.4       Machine-Based

8.4.1        Overview

8.4.2        Machine-Based :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.             Carbide Tools Market Analysis – By End-User

9.1       Overview

9.2       Carbide Tools Market, By End-User (2020 and 2028)

9.3       Automotive and Transportation

9.3.1        Overview

9.3.2        Automotive and Transportation :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.4       Metal Fabrication

9.4.1        Overview

9.4.2        Metal Fabrication :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.5       Construction

9.5.1        Overview

9.5.2        Construction :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.6       Oil and Gas

9.6.1        Overview

9.6.2        Oil and Gas :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.7       Heavy Machinery

9.7.1        Overview

9.7.2        Heavy Machinery :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.8       Other End-users

9.8.1        Overview

9.8.2        Other End-users Industry :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

10.          Carbide Tools Market – Geographic Analysis

10.1    Overview

10.2    North America: Carbide tools Market

10.2.1     North America: Carbide tools Market – Revenue and Forecast to 2028 (US$ Million)

10.2.2     North America: Carbide tools Market, by Tool Type

10.2.3     North America: Carbide tools Market, by Configuration

10.2.4     North America: Carbide tools Market, by End-Users

10.2.5     North America: Carbide tools Market, by Key Country

10.2.5.1    US: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.1.1    US: Carbide Tools Market, by Tool Type

10.2.5.1.2    US: Carbide Tools Market, by Configuration

10.2.5.1.3    US: Carbide Tools Market, by End-Users

10.2.5.2    Canada: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.2.1    Canada: Carbide Tools Market, by Tool Type

10.2.5.2.2    Canada: Carbide Tools Market, by Configuration

10.2.5.2.3    Canada: Carbide Tools Market, by End-Users

10.2.5.3    Mexico: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.3.1    Mexico: Carbide Tools Market, by Tool Type

10.2.5.3.2    Mexico: Carbide Tools Market, by Configuration

10.2.5.3.3    Mexico: Carbide Tools Market, by End-Users

10.3    Europe: Carbide Tools Market

10.3.1     Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.3.2     Europe: Carbide Tools Market, by Tool Type

10.3.3     Europe: Carbide Tools Market, by Configuration

10.3.4     Europe: Carbide Tools Market, by End-Users

10.3.5     Europe: Carbide Tools Market, by Key Country

10.3.5.1    Germany: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.1.1    Germany: Carbide Tools Market, by Tool Type

10.3.5.1.2    Germany: Carbide Tools Market, by Configuration

10.3.5.1.3    Germany: Carbide Tools Market, by End-Users

10.3.5.2    France: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.2.1    France: Carbide Tools Market, by Tool Type

10.3.5.2.2    France: Carbide Tools Market, by Configuration

10.3.5.2.3    France: Carbide Tools Market, by End-Users

10.3.5.3    Italy: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.3.1    Italy: Carbide Tools Market, by Tool Type

10.3.5.3.2    Italy: Carbide Tools Market, by Configuration

10.3.5.3.3    Italy: Carbide Tools Market, by End-Users

10.3.5.4    UK: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.4.1    UK: Carbide Tools Market, by Tool Type

10.3.5.4.2    UK: Carbide Tools Market, by Configuration

10.3.5.4.3    UK: Carbide Tools Market, by End-Users

10.3.5.5    Russia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.5.1    Russia: Carbide Tools Market, by Tool Type

10.3.5.5.2    Russia: Carbide Tools Market, by Configuration

10.3.5.5.3    Russia: Carbide Tools Market, by End-Users

10.3.5.6    Rest of Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.3.5.6.1    Rest of Europe: Carbide Tools Market, by Tool Type

10.3.5.6.2    Rest of Europe: Carbide Tools Market, by Configuration

10.3.5.6.3    Rest of Europe: Carbide Tools Market, by End-Users

10.4    Asia Pacific: Carbide Tools Market

10.4.1     Asia Pacific: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.4.2     Asia Pacific: Carbide Tools Market, by Tool Type

10.4.3     Asia Pacific: Carbide Tools Market, by Configuration

10.4.4     Asia Pacific: Carbide Tools Market, by End-Users

10.4.5     Asia Pacific: Carbide Tools Market, by Key Country

10.4.5.1    Australia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.1.1    Australia: Carbide Tools Market, by Tool Type

10.4.5.1.2    Australia: Carbide Tools Market, by Configuration

10.4.5.1.3    Australia: Carbide Tools Market, by End-Users

10.4.5.2    China: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.2.1    China: Carbide Tools Market, by Tool Type

10.4.5.2.2    China: Carbide Tools Market, by Configuration

10.4.5.2.3    China: Carbide Tools Market, by End-Users

10.4.5.3    India: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.3.1    India: Carbide Tools Market, by Tool Type

10.4.5.3.2    India: Carbide Tools Market, by Configuration

10.4.5.3.3    India: Carbide Tools Market, by End-Users

10.4.5.4    Japan: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.4.1    Japan: Carbide Tools Market, by Tool Type

10.4.5.4.2    Japan: Carbide Tools Market, by Configuration

10.4.5.4.3    Japan: Carbide Tools Market, by End-Users

10.4.5.5    South Korea: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.5.1    South Korea: Carbide Tools Market, by Tool Type

10.4.5.5.2    South Korea: Carbide Tools Market, by Configuration

10.4.5.5.3    South Korea: Carbide Tools Market, by End-Users

10.4.5.6    Rest of Asia Pacific: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.4.5.6.1    Rest of Asia Pacific: Carbide Tools Market, by Tool Type

10.4.5.6.2    Rest of Asia Pacific: Carbide Tools Market, by Configuration

10.4.5.6.3    Rest of Asia Pacific: Carbide Tools Market, by End-Users

10.5    Middle East & Africa (MEA): Carbide Tools Market

10.5.1     MEA: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.5.2     MEA: Carbide Tools Market, by Tool Type

10.5.3     MEA: Carbide Tools Market, by Configuration

10.5.4     MEA: Carbide Tools Market, by End-Users

10.5.5     MEA: Carbide Tools Market, by Key Country

10.5.5.1    South Africa: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.1.1    South Africa: Carbide Tools Market, by Tool Type

10.5.5.1.2    South Africa: Carbide Tools Market, by Configuration

10.5.5.1.3    South Africa: Carbide Tools Market, by End-Users

10.5.5.2    Saudi Arabia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.2.1    Saudi Arabia: Carbide Tools Market, by Tool Type

10.5.5.2.2    Saudi Arabia: Carbide Tools Market, by Configuration

10.5.5.2.3    Saudi Arabia: Carbide Tools Market, by End-Users

10.5.5.3    UAE: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.3.1    UAE: Carbide Tools Market, by Tool Type

10.5.5.3.2    UAE: Carbide Tools Market, by Configuration

10.5.5.3.3    UAE: Carbide Tools Market, by End-Users

10.5.5.4    Rest of MEA: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.5.5.4.1    Rest of MEA: Carbide Tools Market, by Tool Type

10.5.5.4.2    Rest of MEA: Carbide Tools Market, by Configuration

10.5.5.4.3    Rest of MEA: Carbide Tools Market, by End-Users

10.6    South America: Carbide Tools Market

10.6.1     South America: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.6.2     South America: Carbide Tools Market, by Tool Type

10.6.3     South America: Carbide Tools Market, by Configuration

10.6.4     South America: Carbide Tools Market, by End-Users

10.6.5     South America: Carbide Tools Market, by Key Country

10.6.5.1    Brazil: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.1.1    Brazil: Carbide Tools Market, by Tool Type

10.6.5.1.2    Brazil: Carbide Tools Market, by Configuration

10.6.5.1.3    Brazil: Carbide Tools Market, by End-Users

10.6.5.2    Argentina: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.2.1    Argentina: Carbide Tools Market, by Tool Type

10.6.5.2.2    Argentina: Carbide Tools Market, by Configuration

10.6.5.2.3    Argentina: Carbide Tools Market, by End-Users

10.6.5.3    Rest of SAM: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.6.5.3.1    Rest of SAM: Carbide Tools Market, by Tool Type

10.6.5.3.2    Rest of SAM: Carbide Tools Market, by Configuration

10.6.5.3.3    Rest of SAM: Carbide Tools Market, by End-Users

11.          Carbide Tools Market- COVID-19 Impact Analysis

11.1    Overview

11.2    North America

11.3    Europe

11.4    APAC

11.5    MEA

11.6    SAM

12.          Industry Landscape

12.1    Overview

12.2    Market Initiative

12.3    New Development

12.4    Merger and Acquisition

13.          Company Profiles

13.1    Xinrui Industry Co., Ltd.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    CERATIZIT S.A.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3    GARR TOOL

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4    Ingersoll Cutting Tool Company

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5    KYOCERA Precision Tools

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6    DIMAR GROUP

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7    MITSUBISHI MATERIALS Corporation

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8    Sandvik Coromant

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9    YG-1 Co., Ltd.

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10 Makita Corporation

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

13.10.6   Key Developments

14.          Appendix

14.1    About The Insight Partners

14.2    Word Index

 

LIST OF TABLES

Table 1.             Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Carbide tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             North America: Carbide tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 4.             North America: Carbide tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 5.             North America Carbide tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 6.             US: Carbide Tools Market, by Tool Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             US: Carbide Tools Market, by Configuration –Revenue and Forecast to 2028 (US$ Million)

Table 8.             US: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Canada: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Canada: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Canada: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (Canada$ Million)

Table 12.          Mexico: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Mexico: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Mexico: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028  (Mexico$ Million)

Table 15.          Europe: Carbide Tools Market, by Tool Type– Revenue and Forecast to 2028 (US$ Million)

Table 16.          Europe: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Europe: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Europe Carbide Tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Germany: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Germany: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 21.          Germany: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 22.          France: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 23.          France: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 24.          France: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 25.          Italy: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 26.          Italy: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 27.          Italy: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 28.          UK: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 29.          UK: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 30.          UK: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 31.          Russia: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 32.          Russia: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 33.          Russia: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 34.          Rest of Europe: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 35.          Rest of Europe: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 36.          Rest of Europe: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 37.          Asia Pacific: Carbide Tools Market, by Tool Type– Revenue and Forecast to 2028 (US$ Million)

Table 38.          Asia Pacific: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 39.          Asia Pacific: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 40.          Asia Pacific Carbide Tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 41.          Australia: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 42.          Australia: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 43.          Australia: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 44.          China: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 45.          China: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 46.          China: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 47.          India: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 48.          India: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 49.          India: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 50.          Japan: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 51.          Japan: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 52.          Japan: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 53.          South Korea: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 54.          South Korea: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 55.          South Korea: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 56.          Rest of Asia Pacific: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 57.          Rest of Asia Pacific: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 58.          Rest of Asia Pacific: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028  (US$ Million)

Table 59.          MEA Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (USD Million)

Table 60.          MEA: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 61.          MEA: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 62.          MEA Carbide Tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 63.          South Africa: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 64.          South Africa: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 65.          South Africa: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 66.          Saudi Arabia: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 67.          Saudi Arabia: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 68.          Saudi Arabia: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 69.          UAE: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 70.          UAE: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 71.          UAE: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 72.          Rest of MEA: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 73.          Rest of MEA: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 74.          Rest of MEA: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 75.          South America: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 76.          South America: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 77.          South America: Carbide Tools Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 78.          South America Carbide Tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 79.          Brazil: Carbide Tools Market, by Tool Type –Revenue and Forecast to 2028 (US$ Million)

Table 80.          Brazil: Carbide Tools Market, by Configuration –Revenue and Forecast to 2028 (US$ Million)

Table 81.          Brazil: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (US$ Million)

Table 82.          Argentina: Carbide Tools Market, by Tool Type –Revenue and Forecast to 2028 (US$ Million)

Table 83.          Argentina: Carbide Tools Market, by Configuration –Revenue and Forecast to 2028 (US$ Million)

Table 84.          Argentina: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (US$ Million)

Table 85.          Rest of SAM: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 86.          Rest of SAM: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 87.          Rest of SAM: Carbide Tools Market, by End-Users –Revenue and Forecast to 2028 (Rest of SAM$ Million)

Table 88.          List of Abbreviation

 

LIST OF FIGURES

Figure 1.           Carbide Tools Market Segmentation

Figure 2.           Carbide Tools Market Segmentation – By Geography

Figure 3.           Global Carbide Tools Market Overview

Figure 4.           End Mills Segment held the Largest Share of Carbide Tools Market

Figure 5.           Machine-Based Segment held the Largest Share of Carbide Tools Market

Figure 6.           Automotive and Transportation segment held the Largest Share of Carbide Tools Market

Figure 7.           APAC to Show Great Traction During Forecast Period

Figure 8.           North America – PEST Analysis

Figure 9.           Europe – PEST Analysis

Figure 10.        Asia-Pacific- PEST Analysis

Figure 11.        MEA: PEST Analysis

Figure 12.        South America- PEST Analysis

Figure 13.        Carbide Tools Market, Ecosystem

Figure 14.        Expert Opinions

Figure 15.        Carbide Tools Market Impact Analysis of Drivers and Restraints

Figure 16.        Carbide Tools Market – Geographic Analysis

Figure 17.        Carbide Tools Market Revenue and Forecast to 2028(US$ Million) (US$ Million)

Figure 18.        Carbide Tools Market Breakdown, By Tool Type (2020 and 2028)

Figure 19.        End Mills :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 20.        Tipped Bores :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 21.        Burrs :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 22.        Drills :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 23.        Cutters :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 24.        Other Tools :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 25.        Carbide Tools Market Breakdown, By Configuration (2020 and 2028)

Figure 26.        Hand-Based :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 27.        Machine-Based :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 28.        Carbide Tools Market Breakdown, By End-User (2020 and 2028)

Figure 29.        Automotive and Transportation :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 30.        Metal Fabrication :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 31.        Construction :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 32.        Oil and Gas :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 33.        Heavy Machinery Industry :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 34.        Other end-users :Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 35.        Global Carbide tools Market Revenue Share, by Region (2020 and 2028)

Figure 36.        North America: Carbide tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        North America: Carbide tools Market Revenue Share, by Tool Type (2020 and 2028)

Figure 38.        North America: Carbide tools Market Revenue Share, by Configuration (2020 and 2028)

Figure 39.        North America: Carbide tools Market Revenue Share, by End-Users (2020 and 2028)

Figure 40.        North America: Carbide tools Market Revenue Share, by Key Country (2020 and 2028)

Figure 41.        US: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42.        Canada: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43.        Mexico: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44.        Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45.        Europe: Carbide Tools Market Revenue Share, by Tool Type (2020 and 2028)

Figure 46.        Europe: Carbide Tools Market Revenue Share, by Configuration (2020 and 2028)

Figure 47.        Europe: Carbide Tools Market Revenue Share, by End-Users (2020 and 2028)

Figure 48.        Europe: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)

Figure 49.        Germany: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50.        France: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51.        Italy: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52.        UK: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53.        Russia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54.        Rest of Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55.        Asia Pacific: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56.        Asia Pacific: Carbide Tools Market Revenue Share, by Tool Type (2020 and 2028)

Figure 57.        Asia Pacific: Carbide Tools Market Revenue Share, by Configuration (2020 and 2028)

Figure 58.        Asia Pacific: Carbide Tools Market Revenue Share, by End-Users (2020 and 2028)

Figure 59.        Asia Pacific: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)

Figure 60.        Australia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61.        China: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 62.        India: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63.        Japan: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 64.        South Korea: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 65.        Rest of Asia Pacific: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66.        MEA: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67.        MEA: Carbide Tools Market Revenue Share, by Tool Type (2020 and 2028)

Figure 68.        MEA: Carbide Tools Market Revenue Share, by Configuration (2020 and 2028)

Figure 69.        MEA: Carbide Tools Market Revenue Share, by End-Users (2020 and 2028)

Figure 70.        MEA: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)

Figure 71.        South Africa: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 72.        Saudi Arabia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 73.        UAE: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 74.        Rest of MEA: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 75.        South America: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 76.        South America: Carbide Tools Market Revenue Share, by Tool Type (2020 and 2028)

Figure 77.        South America: Carbide Tools Market Revenue Share, by Configuration (2020 and 2028)

Figure 78.        South America: Carbide Tools Market Revenue Share, by End-Users (2020 and 2028)

Figure 79.        South America: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)

Figure 80.        Brazil: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 81.        Argentina: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 82.        Rest of SAM: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 83.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 84.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 85.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 86.        Impact of COVID-19 Pandemic in MEA Markets

Figure 87.        Impact of COVID-19 Pandemic in SAM Markets

 

The List of Companies - Carbide Tools Market

  1. Mitsubishi Materials Corporation
  2. Sandvik Coromant
  3. KYOCERA Precision Tools
  4. Ingersoll Cutting Tool Company
  5. CERATIZIT S.A.
  6. Xinrui Industry Co., Ltd.
  7. GARR TOOL
  8. DIMAR GROUP
  9. YG-1 Co., Ltd.
  10. Makita Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global carbide tools market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global carbide tools market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

 

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Frequently Asked Questions

Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for carbide tools. The sector widely uses carbide tools in crankshaft metal machining, face milling, and hole-making, among other machining operations involved in auto parts manufacturing. The automotive industry is obtaining excellent results with the use of tungsten carbide in ball joints, brakes, crank shafts in performance vehicles, and other mechanical parts of a vehicle that sees hard usage and extreme temperatures. Automotive giants such as Audi, BMW, Ford Motor Company, and Range Rover are contributing significantly to the carbide tools market growth.

The carbide cutting tools form an essential part of industrial tools. These tools are used in metal cutting tools for several materials on heavy duty machines such as CNC (computer numerical control) lathes, engines lathes, and turret lathes. Carbide cutting tools are extensively used in machining applications owing to their features such as high-speed operations; high temperature withstanding ability, allowing the retention of the cutting edge; exceptional wear resistance, especially at the cutting edge; and ability to reduce cycle time along with ensuring prolonged working life is anticipated to offer ample growth opportunities for the global carbide tools market players.

The carbide tools market is led by end mills segment with highest share and is expected to dominate in the forecast period. The carbide end mills are heat resistant and are used in high-speed applications to cut the hardest materials, such as cast iron, alloys, plastics, and non-ferrous metals. End mills cut rotationally in a horizontal and lateral (side to side) direction. Moreover, carbide end mills are used to cut machine parts, wood engravings, jewelry designs, and plastic cutting, among others. The end mills usually perform operations including profiling, slotting, contouring, reaming, and counter boring.

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