The global metalworking tool holder market size was valued at $815.3 million in 2020, and is expected to reach $1,193.1 million by 2030, with a CAGR of 4.5% from 2021 to 2030.
Tool holder, also known as clamper or adaptor, is a holding equipment or device used in manufacturing industries to keep tool in appropriate position. Tool holder is available in shapes such as conical and cylindrical. Tool holder is used in milling, drilling, and boring industries. It has a short steel bar with shank at one end, which is clamped to machine tools. It possesses features such as rigid, accuracy, power, and balance.
Rise in adoption of tool holders in various end users such as automotive, aerospace, defense, and others, owing to advantages such as highly efficient and highly productive, drives the growth of the global metalworking tool holder market. The urban population globally is projected to rise by 2050; thereby, fueling the demand for tool holders for automotive and aerospace industry in the near future. A rise in infrastructure activities in developing countries such as India, Brazil, and others is expected to drive the demand for tool holders, which fuels the metalworking tool holder market growth. The manufacturing industry uses tool holder, which are extensively used in milling machines, drilling machines, and boring machines.
An increase in urbanization and industrialization in emerging countries such as Germany, France, the U.S., and others drives the demand for automotive vehicle. This is expected to fuel the demand for tool holder; thereby, driving the growth of the metalworking tool holder market. For instance, degree of urbanization in the U.S. increased by 0.4% from 2017 to 2019.
In addition, tool holder is used in various industry verticals such as automotive, aerospace, and defense, owing to rise in demand for tool holder. The healthcare industry in various countries such as the UK, the U.S., and India is growing at a significant pace, due to increase in investments in this sector by government. For instance, in 2018, the UK Government spent $252.9 billion on the healthcare industry. This is expected to drive the demand for tool holder, owing to features such as highly efficient, rigid, and high revolution per minute (rpm).
However, fluctuation in foreign currencies and volatile economic condition in the developing economies are anticipated to hamper the growth of the global metalworking tool holder market. Furthermore, growth in machinery and equipment manufacturing sector is anticipated to provide lucrative opportunities for the growth of the global metalworking tool holder market.
By Type
Collet Chuck segment holds dominant position in 2020
The global metalworking tool holder market is segmented on the basis of type, machine type, end user, and region. On the basis of type, the market is divided into milling chucks, collet chuck, hydraulic toolholders, and others. Collet chuck segment generated the highest revenue in 2020. Based on machine type, the market is divided into machining centers, lathe machines, gear cutting machines, and others. Machining centers segment dominated the market in 2020. On the basis of end user, the market is categorized into automotive, aerospace & defense, power & energy, and others. Automobile segment generated the highest revenue in 2020.
Region wise, the global metalworking tool holder 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, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global metalworking tool holder market share, and is anticipated to secure a leading position during the forecast period.
By Machine Type
Gear cutting machines segment is expected to grow at a significant CAGR
Competition Analysis
Key players profiled in this report include Sandvik AB, Guhring Inc, Kennametal Inc, Ceratizit S.A., Kyocera Unimerco Tooling A/S, Ingersoll Cutting Tool Company, Haimer GmbH, Schunk GmbH & Co KG, Collis Toolholder Corp, and BIG KAISER Precision Tooling Inc.
Major players such as Kyocera Unimerco Tooling A/S and BIG KAISER Precision Tooling Inc adopt product launch and acquisition as key development strategy to improve the product portfolio. For instance, in June 2020, BIG KAISER Precision Tooling Inc launched HDC Jet hydraulic chucks for 5-axis machining. It has speed of 35,000 rpm, and having clamping capacity of ¼” to ½”. It is best suitable for automotive, aerospace, medical, and die mold industries.
By Region
Asia-Pacific Region is expected to dominate the market during the forecast period.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current trends and future estimations.
- Extensive analysis of global metalworking tool holder market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global metalworking tool holder market forecast analysis from 2021 to 2030 is included in the report.
- The key market players within the global metalworking tool holder market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global metalworking tool holder market.
Global Metalworking Tool Holder Market Segments
By Type
- Milling Chucks
- Collet Chuck
- Hydraulic Tool holders
- Others
By Machine Type
- Machining Centers
- Lathe Machines
- Gear Cutting Machines
- Others
By End User
- Automobile
- Aerospace & Defense
- Electronics
- Power & Energy
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- Sandvik AB
- Guhring Inc
- Kennametal Inc
- Ceratizit S.A.
- Kyocera Unimerco Tooling A/S
- Ingersoll Cutting Tool Company
- Haimer GmbH
- Schunk GmbH & Co KG
- Collis Toolholder Corp
- BIG KAISER Precision Tooling Inc.
Metalworking Tool Holder Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Machine Type |
|
 By End User |
|
 By Region |
|
 Key Market Players | SANDVIK AB, Ingersoll Cutting Tool Company, Kennametal Inc, Plansee Group (Ceratizit S.A.), Schunk GmbH & Co. KG, Haimer GmbH, Kyocera Unimerco Tooling A/S, Guhring, Inc, BIG KAISER Precision Tooling Inc, Collis Toolholder Corp |
Analyst Review
The global metalworking tool holder market has witnessed huge demand in Asia-Pacific region followed by Europe & North America. The highest share of the Asia-Pacific market is attributed to the increase in demand for tool holder in automotive and aerospace sectors.
Tool holder acts like adaptor between cutting tool and machine tool. They are indexing for transfer machines, lathe machines, boring machine, and others. It rotates on vertical axis and holds tool in the correct position during the turning cycle to maximize accuracy and productivity. Tool holder allows the equipment to convey multiple cutting tools at one time and ascend individual tools in the correct sequence. It possesses features such as processing efficiency, reduce setup costs, reduce production time, and minimize positioning errors. A rise in demand for tool holder in industrial and manufacturing sector globally fuels the growth of the tool holder market.
Moreover, major players such as Sandvik AB, Guhring Inc, and others are adopting acquisition as a key developmental strategy to improve the product portfolio of tool holder product. For instance, in July 2020, Ceratizit S.A. acquired Ceratizit Queretaro, which deals in machine tools and carbide rods. The acquisition aimed to improve the product portfolio of machine tools and tool holder products. All such instances drive the growth of the global metalworking tool holder market.
However, fluctuation in raw material prices and foreign currencies is anticipated to restraint the growth of the global metalworking tool holder market. Moreover, growth in machinery and equipment manufacturing sectors is anticipated to provide lucrative opportunities for the growth of the global metalworking tool holder market.
The Global metalworking tool holder market size was $815.3 million in 2020 and is projected to reach $1,193.1 million in 2030, growing at a CAGR of 4.5% from 2021 to 2030.
The forecast period considered for the Global metalworking tool holder market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.
The base year considered in the Global metalworking tool holder market is 2020.
The report for Global metalworking tool holder market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.
On the basis of machine type, the gear cutting machines segment is expected to be the most influencing segment growing in the Global metalworking tool holder market report.
Based on type, collet chuck segment generated the highest revenue, accounting for 45.25% of the market share, and is projected to grow at a CAGR of 3.4% from 2021 to 2030.
The report contains an exclusive company profile section, where the leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).
Asia-Pacific is expected to provide more business opportunities for global metalworking tool holder market in the future.
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