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2021
Carbide Tools Market

Carbide Tools Market by Product Type (Drilling Tools, Milling Tools, Turning Tools, and Others), Configuration (Hand-Based and Machine-Based), Coating (Coated and Noncoated), and End-User Industry (Automotive, Electronics & Electrical, Aerospace, Marine & Defense, Construction & Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12510
Pages: 305
Jul 2021 | 494 Views
   
Author(s) : Amar Chinchane , Onkar Sumant
Tables: 153
Charts: 51
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global carbide tools market size was valued at $11,300.0 million in 2020, and is projected to reach $18,375.5 million by 2030, registering a CAGR of 4.9% from 2021 to 2030. Carbide is a key component (chemical compound in nature) that is frequently paired with other natural elements such as boron, silicon, metal, or steel. Carbide-based tool holders and machine tools offer a high level of durability, allowing them to last longer while maintaining their cutting tool edges. These tools are widely used in machining applications, owing to their unique characteristics, such as fast speed, cutting edge retention at high machining temperatures, reduced cycle time, superior wear resistance and long working life.

The COVID 19 outbreak has affected the growth of the carbide tools industry owing to the lockdown measure in the countries and delay in manufacturing and production of carbide tools which are utilized in automotive, construction, mining, and other industries.

There are two types of cutting tools that make cut in the machining industry: carbide-based cutting tools and high-speed tooling (HSS) cutting tools. Carbide tools appear to have greatly influenced the industry as the most popular of the two in recent years. Machine tools are used to shape or machine metal or other stiff materials into a certain shape via boring, shearing, grinding, cutting, or other methods. As the need for carbide tools increases, providers are working hard to keep up with the demand by introducing more innovative and high-performance carbide tools. For instance, in June 2021, Ingersoll Cutting Tools, a member of IMC Group, improved its indexable deep hole drilling head by expanding diameter range and providing new wear-resistant grade for more endurance. Moreover, the drilling tool is equipped with new chip breakers, which increases tool life.

Carbide-Tools-Market-2021-2030

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The novel coronavirus has rapidly spread across various countries and regions, causing enormous impact on lives of people and overall community. Originating as a crisis to human health, it now poses significant threat to worldwide trade, economy, and finance. Due to continuous lockdowns in key global countries, the COVID-19 pandemic has halted production of many items in the carbide tools business. Market players can afford a complete lockdown only for a limited period, after which they would have to alter their investment plans. Furthermore, number of COVID-19 cases are expected to reduce in the near term as vaccine for COVID-19 has been introduced in the market. This is further expected to lead to re-initiation of carbide tool companies at their full-scale capacities, which would aid the market to recover by the start of 2022.

After COVID-19 infection instances start to decline, equipment and machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

In addition, carbide tools provide a lot of important benefits, including reduced material waste, lower labor costs, higher quality, and lower inventory costs. Furthermore, manufacturers are putting a lot of emphasis on ideal cutting geometries and high-performance coverings, which is attracting customers and in turn, fuels the market growth. However, factors such as high cost of carbide tools hamper growth of the market.

Carbide Tools Market
By Product Type

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Milling segment is projected to grow at a significant CAGR

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Mergers and acquisitions of regional players by major global players represent a significant commercial potential for the carbide tools industry. Such business methods not only aid in capturing new physical places, but also in creation of new business prospects in emerging markets. For instance, in February 2020, Mitsubishi Material Corporation (MCC) acquired Mantoverde Copper Mine from Mantos Copper Holding SpA. The company produces high quality copper concentrated with very low level of impurities and deleterious materials. This acquisition helped MCC to secure copper concentrated for its copper smelters.

Some of the most important companies specializing in carbide tools are based in North America and Europe. Some of the well-known brands in the carbide tools industry in the U.S. are Super Tool Inc., Kenn metal, Gartool, Allied Machine and Engineering Corporation, and Solid Carbide Tools. Hence, these regions are expected to have high manufacturing and production of carbide tools in the coming years. Furthermore, Asia-Pacific is expected to provide lucrative market prospects. Expansion of the carbide tools market is expected to be aided by rise in number of growing economies in the region. 

Carbide Tools Market
By End User Industry

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Auomotive segment holds dominant position in 2020

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The carbide tools market is segmented on the basis of product type, configuration, coating, end-user industry, and region. By product type, the market is divided into drilling tools, milling tools, turning tools, and others. By configuration, it is divided into hand-based and machine-based. By coating, it is divided into coated and noncoated. By end-user industry, it is divided into automotive, electronics & electrical, aerospace marine & defense, plastics, construction & mining, and others. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Thailand, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competition Analysis

Key companies profiled in the carbide tools market report include Ingersoll Cutting Tool Company, SGS Tool Company, Advent Tool & Manufacturing, Inc., Garr Tool Company, Mitsubishi Materials Corporation, Best Carbide Cutting Tools, Inc., CERATIZIT S.A., PROMAX Tools, Rock River Tool, Inc., and VHF Camfacture AG.

Carbide Tools Market
By Region

2030
Europe 
North America
Asia-pacific
Lamea

Europe holds a dominant position in 2020 and Asia-Pacific is expected to grow at a significant rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging carbide tools market trends and dynamics.  
  • In-depth emerging carbide tools market analysis is conducted by constructing market estimations for key market segments between 2020 and 2030. 
  • Extensive analysis of the emerging carbide tools market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global emerging carbide tools market forecast analysis from 2021 to 2030 is included in the report.
  • The key players within emerging carbide tools market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the emerging carbide tools industry. 

Global Carbide Tools Market Segments

Key Segments

By Product Type

  • Drilling tools
  • Milling tools
  • Turning tools
  • Others 

By Configuration

  • Hand-Based
  • Machine-Based

By Coating 

  • Coated
  • Noncoated 

By End User Industry

  • Automotive
  • Electronics & Electrical
  • Aerospace, Marine & Defense
  • Plastics
  • Construction & Mining
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Thailand
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • Ingersoll Cutting Tool Company
  • SGS Tool Company
  • Advent Tool & Manufacturing, Inc.
  • Garr Tool Company
  • Mitsubishi Materials Corporation
  • Best Carbide Cutting Tools, Inc.
  • CERATIZIT S.A.
  • PROMAX Tools
  • Rock River Tool, Inc.,
  • vHF Camfacture AG
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Market player positioning, 2020
3.4.Porter's five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increase in consumption of consumer electronics and electrical devices
3.5.1.2.Growth in focus on product customizations for the automotive products
3.5.1.3.Growth of the renewable energy industry

3.5.2.Restraint

3.5.2.1.Fluctuations in foreign currencies influence profit margins
3.5.2.2.U.S. and China trade war

3.5.3.Opportunities

3.5.3.1.New advancements such as penetration of automation and IoT

3.6.COVID-19 Impact Analysis

CHAPTER 4:CARBIDE TOOLS MARKET, BY PRODUCT TYPE

4.1.Overview

4.1.1.Market size and forecast, by product type

4.2.Drilling tools

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market size and forecast, by drilling tools

4.2.3.1.Flat drills
4.2.3.2.Twist drills
4.2.3.3.Gun drills
4.2.3.4.Burnishing drills
4.2.3.5.Others

4.2.4.Market size and forecast, by country

4.3.Milling tools

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market size and forecast, by milling tools

4.3.3.1.End mills
4.3.3.2.Face mills

4.3.4.Market size and forecast, by country

4.4.Turning Tools

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market size and forecast, by country

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market size and forecast, by country

CHAPTER 5:CARBIDE TOOLS MARKET, BY CONFIGURATION

5.1.Overview

5.1.1.Market size and forecast, by configuration

5.2.Hand-Based

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market size and forecast, by country

5.3.Machine-Based

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market size and forecast, by country

CHAPTER 6:CARBIDE TOOLS MARKET, BY COATING

6.1.Overview

6.1.1.Market size and forecast, by coating

6.2.Coated

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market size and forecast, by country

6.3.Uncoated

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market size and forecast, by country

CHAPTER 7:CARBIDE TOOLS MARKET, BY END USER INDUSTRY

7.1.Overview

7.1.1.Market size and forecast, by end user industry

7.2.Automotive

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market size and forecast, by country

7.3.Electronics and Electrical

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market size and forecast, by country

7.4.Aerospace, Marine, and Defense

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market size and forecast, by country

7.5.Plastics

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market size and forecast, by country

7.6.Construction and Mining

7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region
7.6.3.Market size and forecast, by country

7.7.Others

7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast, by region
7.7.3.Market size and forecast, by country

CHAPTER 8:CARBIDE TOOLS MARKET, BY REGION

8.1.Market overview

8.1.1.Market size and forecast, by region

8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.North America market size and forecast, by product type

8.2.2.1.Market size and forecast, by drilling tools
8.2.2.2.Market size and forecast, by milling tools

8.2.3.North America market size and forecast, by configuration
8.2.4.North America market size and forecast, by coating
8.2.5.North America market size and forecast, by end user industry
8.2.6.North America market size and forecast, by country

8.2.6.1.U.S.

8.2.6.1.1.U.S. market size and forecast, by product type
8.2.6.1.2.U.S. market size and forecast, by configuration
8.2.6.1.3.U.S. market size and forecast, by coating
8.2.6.1.4.U.S. market size and forecast, by end user industry

8.2.6.2.Canada

8.2.6.2.1.Canada market size and forecast, by product type
8.2.6.2.2.Canada market size and forecast, by configuration
8.2.6.2.3.Canada market size and forecast, by coating
8.2.6.2.4.Canada market size and forecast, by end user industry

8.2.6.3.Mexico

8.2.6.3.1.Mexico market size and forecast, by product type
8.2.6.3.2.Mexico market size and forecast, by configuration
8.2.6.3.3.Mexico market size and forecast, by coating
8.2.6.3.4.Mexico market size and forecast, by end user industry

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Europe market size and forecast, by product type
8.3.2.1.Market size and forecast, by drilling tools
8.3.2.2.Market size and forecast, by milling tools
8.3.3.Europe market size and forecast, by configuration
8.3.4.Europe market size and forecast, by coating
8.3.5.Europe market size and forecast, by end user industry

8.3.6.Europe market size and forecast, by country

8.3.6.1.Germany

8.3.6.1.1.Germany market size and forecast, by product type
8.3.6.1.2.Germany market size and forecast, by configuration
8.3.6.1.3.Germany market size and forecast, by coating
8.3.6.1.4.Germany market size and forecast, by end user industry

8.3.6.2.France

8.3.6.2.1.France market size and forecast, by product type
8.3.6.2.2.France market size and forecast, by configuration
8.3.6.2.3.France market size and forecast, by coating
8.3.6.2.4.France market size and forecast, by end user industry

8.3.6.3.UK

8.3.6.3.1.UK market size and forecast, by product type
8.3.6.3.2.UK market size and forecast, by configuration
8.3.6.3.3.UK market size and forecast, by coating
8.3.6.3.4.UK market size and forecast, by end user industry

8.3.6.4.Italy

8.3.6.4.1.Italy market size and forecast, by product type
8.3.6.4.2.Italy market size and forecast, by configuration
8.3.6.4.3.Italy market size and forecast, by coating
8.3.6.4.4.Italy market size and forecast, by end user industry

8.3.6.5.Rest of Europe

8.3.6.5.1.Rest of Europe market size and forecast, by product type
8.3.6.5.2.Rest of Europe market size and forecast, by configuration
8.3.6.5.3.Rest of Europe market size and forecast, by coating
8.3.6.5.4.Rest of Europe market size and forecast, by end user industry

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Asia-Pacific market size and forecast, by product type

8.4.2.1.Market size and forecast, by drilling tools
8.4.2.2.Market size and forecast, by milling tools

8.4.3.Asia-Pacific market size and forecast, by configuration
8.4.4.Asia-Pacific market size and forecast, by coating
8.4.5.Asia-Pacific market size and forecast, by end user industry
8.4.6.Asia-Pacific market size and forecast, by country

8.4.6.1.China

8.4.6.1.1.China market size and forecast, by product type
8.4.6.1.2.China market size and forecast, by configuration
8.4.6.1.3.China market size and forecast, by coating
8.4.6.1.4.China market size and forecast, by end user industry

8.4.6.2.India

8.4.6.2.1.India market size and forecast, by product type
8.4.6.2.2.India market size and forecast, by configuration
8.4.6.2.3.India market size and forecast, by coating
8.4.6.2.4.India market size and forecast, by end user industry

8.4.6.3.Japan

8.4.6.3.1.Japan market size and forecast, by product type
8.4.6.3.2.Japan market size and forecast, by configuration
8.4.6.3.3.Japan market size and forecast, by coating
8.4.6.3.4.Japan market size and forecast, by end user industry

8.4.6.4.Thailand

8.4.6.4.1.Thailand market size and forecast, by product type
8.4.6.4.2.Thailand market size and forecast, by configuration
8.4.6.4.3.Thailand market size and forecast, by coating
8.4.6.4.4.Thailand market size and forecast, by end user industry

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Rest of Asia-Pacific market size and forecast, by product type
8.4.6.5.2.Rest of Asia-Pacific market size and forecast, by configuration
8.4.6.5.3.Rest of Asia-Pacific market size and forecast, by coating
8.4.6.5.4.Rest of Asia-Pacific market size and forecast, by end user industry

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.LAMEA market size and forecast, by product type

8.5.2.1.Market size and forecast, by drilling tools
8.5.2.2.Market size and forecast, by milling tools

8.5.3.LAMEA market size and forecast, by configuration
8.5.4.LAMEA market size and forecast, by coating
8.5.5.LAMEA market size and forecast, by end user industry
8.5.6.LAMEA market size and forecast, by country

8.5.6.1.Latin America

8.5.6.1.1.Latin America market size and forecast, by product type
8.5.6.1.2.Latin America market size and forecast, by configuration
8.5.6.1.3.Latin America market size and forecast, by coating
8.5.6.1.4.Latin America market size and forecast, by end user industry

8.5.6.2.Middle East

8.5.6.2.1.Middle East market size and forecast, by product type
8.5.6.2.2.Middle East market size and forecast, by configuration
8.5.6.2.3.Middle East market size and forecast, by coating
8.5.6.2.4.Middle East market size and forecast, by end user industry

8.5.6.3.Africa

8.5.6.3.1.Africa market size and forecast, by product type
8.5.6.3.2.Africa market size and forecast, by configuration
8.5.6.3.3.Africa market size and forecast, by coating
8.5.6.3.4.Africa market size and forecast, by end user industry

CHAPTER 9:COMPANY PROFILES

9.1.Advent Tool & Manufacturing, Inc.

9.1.1.Company overview
9.1.2.Key executive
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio

9.2.Best Carbide Cutting Tools, Inc.

9.2.1.Company overview
9.2.2.Key executive
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio

9.3.CERATIZIT S.A.

9.3.1.Company overview
9.3.2.Key executive
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.Key strategic moves and developments

9.4.CERATIZIT Sacramento LP

9.4.1.Company overview
9.4.2.Key executive
9.4.3.Company snapshot
9.4.4.Operating business segments
9.4.5.Product portfolio

9.5.Garr Tools

9.5.1.Company overview
9.5.2.Key executive
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.Key strategic moves and developments

9.6.Ingersoll Cutting Tool Company

9.6.1.Company overview
9.6.2.Key executive
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.Key strategic moves and developments

9.7.KYOCERA SGS Precision Tools

9.7.1.Company overview
9.7.2.Key Executive
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5 Product portfolio
9.7.6. Key strategic moves and developments

9.8.Mitsubishi Materials Corporation

9.8.1.Company overview
9.8.2.Key executive
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.Research and development expenses
9.8.7.Business performance
9.8.8.Key strategic moves and developments

9.9.Rock River Tool, Inc.

9.9.1.Company overview
9.9.2.Key executive
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio

9.10.vhf camfacture AG

9.10.1.Company overview
9.10.2.Key executive
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.CARBIDE TOOLS MARKET REVENUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 02.CARBIDE TOOLS MARKET REVENUE FOR DRILLING, BY REGION, 2020–2030 ($MILLION)
TABLE 03.CARBIDE TOOLS MARKET REVENUE FOR DRILLING TOOLS, 2020–2030 ($MILLION)
TABLE 04.CARBIDE TOOLS MARKET REVENUE FOR MILLING TOOLS, BY REGION, 2020–2030 ($MILLION)
TABLE 05.CARBIDE TOOLS MARKET REVENUE FOR MILLIING TOOLS, 2020–2030 ($MILLION)
TABLE 06.CARBIDE TOOLS MARKET REVENUE FOR TURNING TOOLS, BY REGION, 2020–2030 ($MILLION)
TABLE 07.CARBIDE TOOLS MARKET REVENUE FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 08.CARBIDE TOOLS MARKET REVENUE, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 09.CARBIDE TOOLS MARKET REVENUE FOR HAND-BASED, BY REGION, 2020–2030 ($MILLION)
TABLE 10.CARBIDE TOOLS MARKET REVENUE FOR MACHINE-BASED, BY REGION, 2020–2030 ($MILLION)
TABLE 11.CARBIDE TOOLS MARKET REVENUE, BY COATING, 2020–2030 ($MILLION)
TABLE 12.CARBIDE TOOLS MARKET REVENUE FOR COATED, BY REGION, 2020–2030 ($MILLION)
TABLE 13.CARBIDE TOOLS MARKET REVENUE FOR UNCOATED, BY REGION, 2020–2030 ($MILLION)
TABLE 14.CARBIDE TOOLS MARKET REVENUE, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 15.CARBIDE TOOLS MARKET REVENUE FOR AUTOMOTIVE, BY REGION, 2020–2030 ($MILLION)
TABLE 16.CARBIDE TOOLS MARKET REVENUE FOR ELECTRONICS AND ELECTRICAL, BY REGION, 2020–2030 ($MILLION)
TABLE 17.CARBIDE TOOLS MARKET REVENUE FOR AEROSPACE, MARINE & DEFENSE, BY REGION, 2020–2030 ($MILLION)
TABLE 18.CARBIDE TOOLS MARKET REVENUE FOR PLASTICS, BY REGION, 2020–2030 ($MILLION)
TABLE 19.CARBIDE TOOLS MARKET REVENUE FOR CONSTRUCTION AND MINING, BY REGION, 2020–2030 ($MILLION)
TABLE 20.CARBIDE TOOLS MARKET REVENUE FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 21.CARBIDE TOOLS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 22.NORTH AMERICA CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 23.NORTH AMERICA CARBIDE TOOLS MARKET REVENUE FOR DRILLING TOOLS, 2020–2030 ($MILLION)
TABLE 24.NORTH AMERICA CARBIDE TOOLS MARKET REVENUE FOR MILLIING TOOLS, 2020–2030 ($MILLION)
TABLE 25.NORTH AMERICA CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 26.NORTH AMERICA CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 27.NORTH AMERICA CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 28.NORTH AMERICA CARBIDE TOOLS MARKET , BY COUNTRY, 2020–2030 ($MILLION)
TABLE 29.U.S. CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 30.U.S. CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 31.U.S. CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 32.U.S. CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 33.CANADA CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 34.CANADA CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 35.CANADA CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 36.CANADA CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 37.MEXICO CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 38.MEXICO CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 39.MEXICO CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 40.MEXICO CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 41.EUROPE CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 42.EUROPE CARBIDE TOOLS MARKET REVENUE FOR DRILLING TOOLS, 2020–2030 ($MILLION)
TABLE 43.EUROPE CARBIDE TOOLS MARKET REVENUE FOR MILLIING TOOLS, 2020–2030 ($MILLION)
TABLE 44.EUROPE CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 45.EUROPE CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 46.EUROPE CARBIDE TOOLS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 47.EUROPE CARBIDE TOOLS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 48.GERMANY CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 49.GERMANY CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 50.GEMRNAY CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 51.GERMANY CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 52.FRANCE CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 53.FRNACE CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 54.FRANCE CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 55.FRANCE CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 56.UK CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 57.UK CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 58.UK CARBIDE TOOLS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 59.UK CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 60.ITALY CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 61.ITALY CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 62.ITALY CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 63.ITALY CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 64.REST OF EUROPE CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 65.REST OF EUROPE CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 66.REST OF EUROPE CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 67.REST OF EUROPE CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 68.ASIA-PACIFIC CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 69.ASIA-PACIFIC CARBIDE TOOLS MARKET REVENUE FOR DRILLING TOOLS, 2020–2030 ($MILLION)
TABLE 70.ASIA-PACIFIC CARBIDE TOOLS MARKET REVENUE FOR MILLIING TOOLS, 2020–2030 ($MILLION)
TABLE 71.ASIA-PACIFIC CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 72.ASIA-PACIFIC CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 73.ASIA-PACIFIC CARBIDE TOOLS MARKET , BY COUNTRY, 2020–2030 ($MILLION)
TABLE 74.ASIA-PACIFIC CARBIDE TOOLS MARKET , BY COUNTRY, 2020–2030 ($MILLION)
TABLE 75.CHINA CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 76.CHINA CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 77.CHINA CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 78.CHINA CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 79.INDIA CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 80.INDIA CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 81.INDIA CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 82.INDIA CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 83.JAPAN CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 84.JAPAN CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 85.JAPAN CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 86.JAPAN CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 87.THAILAND CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 88.THAILAND CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 89.THAILAND CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 90.THAILAND CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 91.REST OF ASIA-PACIFIC CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 92.REST OF ASIA-PACIFIC CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 93.REST OF ASIA-PACIFIC CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 94.REST OF ASIA-PACIFIC CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 95.LAMEA CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 96.LAMEA CARBIDE TOOLS MARKET REVENUE FOR DRILLING TOOLS, 2020–2030 ($MILLION)
TABLE 97.LAMEA CARBIDE TOOLS MARKET REVENUE FOR MILLIING TOOLS, 2020–2030 ($MILLION)
TABLE 98.LAMEA CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 99.LAMEA CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 100.LAMEA CARBIDE TOOLS MARKET , BY COUNTRY, 2020–2030 ($MILLION)
TABLE 101.LAMEA CARBIDE TOOLS MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 102.LATIN AMERICA CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 103.LATIN AMERICA CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 104.LATIN AMERICA CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 105.LATIN AMERICA CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 106.MIDDLE EAST CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 107.MIDDLE EAST CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 108.MIDDLE EAST CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 109.MIDDLE EAST CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 110.AFRICA CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 111.AFRICA CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 ($MILLION)
TABLE 112.AFRICA CARBIDE TOOLS MARKET, BY COATING, 2020–2030 ($MILLION)
TABLE 113.AFRICA CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 ($MILLION)
TABLE 114.ADVENT TOOL & MANUFACTURING, INC.:KEY EXECUTIVE
TABLE 115.ADVENT TOOL & MANUFACTURING, INC.: COMPANY SNAPSHOT
TABLE 116.ADVENT TOOL & MANUFACTURING, INC: OPERATING SEGMENTS
TABLE 117.ADVENT TOOL & MANUFACTURING, INC: PRODUCT PORTFOLIO
TABLE 118.BEST CARBIDE CUTTING TOOLS, INC.:KEY EXECUTIVE
TABLE 119.BEST CARBIDE CUTTING TOOLS, INC.: COMPANY SNAPSHOT
TABLE 120.BEST CARBIDE CUTTING TOOLS, INC.: OPERATING SEGMENTS
TABLE 121.BEST CARBIDE CUTTING TOOLS, INC.: PRODUCT PORTFOLIO
TABLE 122.CERATIZIT S.A.:KEY EXECUTIVE
TABLE 123.CERATIZIT S.A.: COMPANY SNAPSHOT
TABLE 124.CERATIZIT S.A.: OPERATING SEGMENTS
TABLE 125.CERATIZIT S.A.: PRODUCT PORTFOLIO
TABLE 126.CERATIZIT SACRAMENTO LP:KEY EXECUTIVE
TABLE 127.CERATIZIT SACRAMENTO LP: COMPANY SNAPSHOT
TABLE 128.CERATIZIT SACRAMENTO LP: OPERATING SEGMENTS
TABLE 129.CERATIZIT SACRAMENTO LP: PRODUCT PORTFOLIO
TABLE 130.GARR TOOLS:KEY EXECUTIVE
TABLE 131.GARR TOOLS: COMPANY SNAPSHOT
TABLE 132.GARR TOOLS: OPERATING SEGMENTS
TABLE 133.GARR TOOLS: PRODUCT PORTFOLIO
TABLE 134.INGERSOLL CUTTING TOOL COMPANY:KEY EXECUTIVE
TABLE 135.INGERSOLL CUTTING TOOL COMPANY: COMPANY SNAPSHOT
TABLE 136.INGERSOLL CUTTING TOOL COMPANY: OPERATING SEGMENTS
TABLE 137.INGERSOLL CUTTING TOOL COMPANY: PRODUCT PORTFOLIO
TABLE 138.KYOCERA SGS PRECISION TOOLS:KEY EXECUTIVE
TABLE 139.KYOCERA SGS PRECISION TOOLS: COMPANY SNAPSHOT
TABLE 140.KYOCERA SGS PRECISION TOOLS: OPERATING SEGMENTS
TABLE 141.KYOCERA SGS PRECISION TOOLS: PRODUCT PORTFOLIO
TABLE 142.MITSUBISHI MATERIALS CORPORATION:KEY EXECUTIVE
TABLE 143.MITSUBISHI MATERIALS CORPORATION: COMPANY SNAPSHOT
TABLE 144.MITSUBISHI MATERIALS CORPORATION: OPERATING SEGMENTS
TABLE 145.MITSUBISHI MATERIALS CORPORATION: PRODUCT PORTFOLIO
TABLE 146.ROCK RIVER TOOL, INC.:KEY EXECUTIVE
TABLE 147.ROCK RIVER TOOL, INC.: COMPANY SNAPSHOT
TABLE 148.ROCK RIVER TOOL, INC.: OPERATING SEGMENTS
TABLE 149.ROCK RIVER TOOL, INC.: PRODUCT PORTFOLIO
TABLE 150.VHF CAMFACTURE AG:KEY EXECUTIVE
TABLE 151.VHF CAMFACTURE AG: COMPANY SNAPSHOT
TABLE 152.VHF CAMFACTURE AG: OPERATING SEGMENTS
TABLE 153.VHF CAMFACTURE AG: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.TOP WINNING STRATEGIES, BY YEAR, 2018–2021
FIGURE 05.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021 (%)
FIGURE 06.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021
FIGURE 07.MARKET PLAYER POSITIONING, 2020
FIGURE 08.LOW TO MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 09.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 10.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 11.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 12.MODERATE TO HIGH INTENSITY OF RIVALRY
FIGURE 13.CARBIDE TOOLS MARKET, BY PRODUCT TYPE, 2020–2030 (%)
FIGURE 14.COMAPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET FOR DRILLING, BY COUNTRY, 2020–2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR MILLING TOOLS, BY COUNTRY, 2020–2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR TURNING TOOLS, BY COUNTRY, 2020–2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR OTHERS, BY COUNTRY, 2020–2030 (%)
FIGURE 18.CARBIDE TOOLS MARKET, BY CONFIGURATION, 2020–2030 (%)
FIGURE 19.COMAPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET FOR HAND-BASED, BY COUNTRY, 2020–2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR MACHINE-BASED, BY COUNTRY,  2020–2030 (%)
FIGURE 21.CARBIDE TOOLS MARKET, BY COATING, 2020–2030 (%)
FIGURE 22.COMAPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET FOR COATED, BY COUNTRY, 2020–2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR COATED BY COUNTRY, 2020–2030 (%)
FIGURE 24.CARBIDE TOOLS MARKET, BY END USER INDUSTRY, 2020–2030 (%)
FIGURE 25.COMAPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET FOR AUTOMOTIVE, BY COUNTRY, 2020–2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR ELECTRONICS AND ELECTRICAL BY COUNTRY, 2020–2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR AEROSPACE, MARINE & DEFENSE, BY COUNTRY, 2020–2030 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR PLASTICS, BY COUNTRY, 2020–2030 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR CONSTRUCTION AND MINING BY COUNTRY, 2020–2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF CARBIDE TOOLS MARKET, FOR OTHERS BY COUNTRY, 2020–2030 (%)
FIGURE 31.CARBIDE TOOLS MARKET, BY REGION, 2020–2030
FIGURE 32.U.S. CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 33.CANADA CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 34.MEXICO CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 35.GERMANY CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 36.FRANCE CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 37.UK CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 38.ITALY CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 39.REST OF EUROPE CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 40.CHINA CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 41.INDIA CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 42.JAPAN CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 43.THAILAND CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 44.REST OF ASIA-PACIFIC CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
 FIGURE 45.LATIN AMERICA CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 46.MIDDLE EAST CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 47.AFRICA CARBIDE TOOLS MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 48.MITSUBISHI MATERIALS CORPORATION: RESEARCH AND DEVELOPMENT EXPENSES, 2018–2020($MILLION)
FIGURE 49.MITSUBISHI MATERIALS CORPORATION: REVENUE, 2018–2020($MILLION)
 FIGURE 50.MITSUBISHI MATERIALS CORPORATION: REVENUE SHARE BY SEGMENT, 2020(%) 
FIGURE 51.MITSUBISHI MATERIALS CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2020(%) 

 
 

The drilling, milling, grinding, shearing, and cutting are some of the most common applications of carbide tools. Carbide tools are used throughout industries for machining or shaping metal or other hard materials into a distinctive shape. Owing to various qualities such as fast speed, decreased cycle time, extended working life, cutting edge at high machining temperatures, and remarkable wear resistance, these tools are widely utilized throughout machining applications.

Key players are improving their product portfolio by acquiring other companies and strengthening their market position. For instance, in February 2019, CERATIZIT Group acquired Stadler Metalle GmbH & Co. KG, owing to increase in demand for raw materials such as tungsten and cobalt and to secure entire raw materials supply chain.

Moreover, companies are manufacturing and introducing new series of carbide tools for mining and industrial purposes. For instance, in October 2020, Garr Tools added a new series of tools, 1880KD (7XD), for high-performance solid submicron carbide drill, which is 70% faster than standard carbide tools.

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A. The carbide tools market size was valued at $11,300.0 million in 2020.

A. Based on product type, the milling tools holds the maximum market share of the carbide tools market in 2020.

A. The carbide tools market is projected to reach $18,375.5 million by 2030.

A. Increase in use of carbide tools in industrial applications and increasing demand for enhanced cutting tools by manufacturers are the key trends in the carbide tools market.

A. The product launch is key growth strategy of Carbide tools industry players.

A. The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. High costs of carbide tools and limitation in terms of shape and type are the effecting factors for carbide tools market.

A. The end users of Carbide tools include in automotive, electronics & electrical, aerospace & marine defense, plastics, construction and mining and others.

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