Industry Research Reports
Global Cutting Tools Market Research Report 2025
Industry: Machinery & Equipment
Published Date: 2025-01-16
Pages: 110 Pages
Report ld: 3469297
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Cutting Tools Market Size(US$)
CAGR 2025-2031
5.9%
Market Size,2031
USD 39,410
Million
Market Snapshot
Market Size in 2025 (Value)
US$ 27,940 million
Market Forecast in 2031(Value)
US$ 39,410 million
CAGR
5.9%
Years Considered
2020-2031
Base Year
2025
Forecast Period
2025-2031
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Cutting Tools was valued at US$ 26530 million in the year 2024 and is projected to reach a revised size of US$ 39410 million by 2031, growing at a CAGR of 5.9% during the forecast period.
In the context of machining, a cutting tool or cutter is any tool that is used to remove material from the workpiece by means of shear deformation. Cutting may be accomplished by single-point or multipoint tools. Single-point tools are used in turning, shaping, planing and similar operations, and remove material by means of one cutting edge. Machinery Industry and drilling tools are often multipoint tools. Energy Industry tools are also multipoint tools. Each grain of abrasive functions as a microscopic single-point cutting edge (although of high negative rake angle), and shears a tiny chip.
Global cutting tools key players include Sandvik, IMC Group, Mitsubishi, Kennametal, OSG etc. Global top 5 manufacturers hold a share over 40%.
Europe is the largest market, with a share about 30%, followed by North America and China, both have a share over 48% percent.
In terms of product, high speed steel is the largest segment, with a share over 45%. And in terms of application, the largest application is machinery, followed by automotive.
MARKET SEGMENTATION
By Company
- Sandvik
- IMC Group
- Mitsubishi
- Kennametal
- OSG
- Sumitomo Electric
- Mapal
- Kyocera
- YG-1
- Nachi-Fujikoshi
- ZCC·CT
- Union Tool
- Korloy
- LMT
- Ceratizit
- Jiangsu Tiangong Tools Co., Ltd.
- Shanghai Tool Works Co., Ltd.
- OKE Precision Cutting Tools Co., Ltd.
- Guhring
- Tivoly
Consumption by Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Segment by Type
- Cemented Carbide
- High Speed Steel
- Ceramics
- Diamond
- Others
Segment by Application
- Machinery
- Automotive
- Aerospace
- Energy
- Others
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Cutting Tools, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cutting Tools.
The Cutting Tools market size, estimations, and forecasts are provided in terms of output/shipments (M Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Cutting Tools market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Cutting Tools manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Cutting Tools manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Cutting Tools by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Cutting Tools in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
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We identify regional market threats and growth prospects to guide your overseas layout.
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TABLE OF CONTENTS
1 Cutting Tools Market Overview
1.1 Product Definition
1.2 Cutting Tools by Type
1.2.1 Global Cutting Tools Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Cemented Carbide
1.2.3 High Speed Steel
1.2.4 Ceramics
1.2.5 Diamond
1.2.6 Others
1.3 Cutting Tools by Application
1.3.1 Global Cutting Tools Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Machinery
1.3.3 Automotive
1.3.4 Aerospace
1.3.5 Energy
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Cutting Tools Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Cutting Tools Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Cutting Tools Production Estimates and Forecasts (2020-2031)
1.4.4 Global Cutting Tools Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Cutting Tools Production Market Share by Manufacturers (2020-2025)
2.2 Global Cutting Tools Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Cutting Tools, Industry Ranking, 2023 VS 2024
2.4 Global Cutting Tools Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Cutting Tools Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Cutting Tools, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Cutting Tools, Product Offered and Application
2.8 Global Key Manufacturers of Cutting Tools, Date of Enter into This Industry
2.9 Cutting Tools Market Competitive Situation and Trends
2.9.1 Cutting Tools Market Concentration Rate
2.9.2 Global 5 and 10 Largest Cutting Tools Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Cutting Tools Production by Region
3.1 Global Cutting Tools Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Cutting Tools Production Value by Region (2020-2031)
3.2.1 Global Cutting Tools Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Cutting Tools by Region (2026-2031)
3.3 Global Cutting Tools Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Cutting Tools Production Volume by Region (2020-2031)
3.4.1 Global Cutting Tools Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Cutting Tools by Region (2026-2031)
3.5 Global Cutting Tools Market Price Analysis by Region (2020-2025)
3.6 Global Cutting Tools Production and Value, Year-over-Year Growth
3.6.1 North America Cutting Tools Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Cutting Tools Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Cutting Tools Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Cutting Tools Production Value Estimates and Forecasts (2020-2031)
3.6.5 South Korea Cutting Tools Production Value Estimates and Forecasts (2020-2031)
3.6.6 Israel Cutting Tools Production Value Estimates and Forecasts (2020-2031)
4 Cutting Tools Consumption by Region
4.1 Global Cutting Tools Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Cutting Tools Consumption by Region (2020-2031)
4.2.1 Global Cutting Tools Consumption by Region (2020-2025)
4.2.2 Global Cutting Tools Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Cutting Tools Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Cutting Tools Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Cutting Tools Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Cutting Tools Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Cutting Tools Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Cutting Tools Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Cutting Tools Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Cutting Tools Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Cutting Tools Production by Type (2020-2031)
5.1.1 Global Cutting Tools Production by Type (2020-2025)
5.1.2 Global Cutting Tools Production by Type (2026-2031)
5.1.3 Global Cutting Tools Production Market Share by Type (2020-2031)
5.2 Global Cutting Tools Production Value by Type (2020-2031)
5.2.1 Global Cutting Tools Production Value by Type (2020-2025)
5.2.2 Global Cutting Tools Production Value by Type (2026-2031)
5.2.3 Global Cutting Tools Production Value Market Share by Type (2020-2031)
5.3 Global Cutting Tools Price by Type (2020-2031)
6 Segment by Application
6.1 Global Cutting Tools Production by Application (2020-2031)
6.1.1 Global Cutting Tools Production by Application (2020-2025)
6.1.2 Global Cutting Tools Production by Application (2026-2031)
6.1.3 Global Cutting Tools Production Market Share by Application (2020-2031)
6.2 Global Cutting Tools Production Value by Application (2020-2031)
6.2.1 Global Cutting Tools Production Value by Application (2020-2025)
6.2.2 Global Cutting Tools Production Value by Application (2026-2031)
6.2.3 Global Cutting Tools Production Value Market Share by Application (2020-2031)
6.3 Global Cutting Tools Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Sandvik
7.1.1 Sandvik Cutting Tools Company Information
7.1.2 Sandvik Cutting Tools Product Portfolio
7.1.3 Sandvik Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Sandvik Main Business and Markets Served
7.1.5 Sandvik Recent Developments/Updates
7.2 IMC Group
7.2.1 IMC Group Cutting Tools Company Information
7.2.2 IMC Group Cutting Tools Product Portfolio
7.2.3 IMC Group Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.2.4 IMC Group Main Business and Markets Served
7.2.5 IMC Group Recent Developments/Updates
7.3 Mitsubishi
7.3.1 Mitsubishi Cutting Tools Company Information
7.3.2 Mitsubishi Cutting Tools Product Portfolio
7.3.3 Mitsubishi Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Mitsubishi Main Business and Markets Served
7.3.5 Mitsubishi Recent Developments/Updates
7.4 Kennametal
7.4.1 Kennametal Cutting Tools Company Information
7.4.2 Kennametal Cutting Tools Product Portfolio
7.4.3 Kennametal Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Kennametal Main Business and Markets Served
7.4.5 Kennametal Recent Developments/Updates
7.5 OSG
7.5.1 OSG Cutting Tools Company Information
7.5.2 OSG Cutting Tools Product Portfolio
7.5.3 OSG Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.5.4 OSG Main Business and Markets Served
7.5.5 OSG Recent Developments/Updates
7.6 Sumitomo Electric
7.6.1 Sumitomo Electric Cutting Tools Company Information
7.6.2 Sumitomo Electric Cutting Tools Product Portfolio
7.6.3 Sumitomo Electric Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Sumitomo Electric Main Business and Markets Served
7.6.5 Sumitomo Electric Recent Developments/Updates
7.7 Mapal
7.7.1 Mapal Cutting Tools Company Information
7.7.2 Mapal Cutting Tools Product Portfolio
7.7.3 Mapal Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Mapal Main Business and Markets Served
7.7.5 Mapal Recent Developments/Updates
7.8 Kyocera
7.8.1 Kyocera Cutting Tools Company Information
7.8.2 Kyocera Cutting Tools Product Portfolio
7.8.3 Kyocera Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Kyocera Main Business and Markets Served
7.8.5 Kyocera Recent Developments/Updates
7.9 YG-1
7.9.1 YG-1 Cutting Tools Company Information
7.9.2 YG-1 Cutting Tools Product Portfolio
7.9.3 YG-1 Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.9.4 YG-1 Main Business and Markets Served
7.9.5 YG-1 Recent Developments/Updates
7.10 Nachi-Fujikoshi
7.10.1 Nachi-Fujikoshi Cutting Tools Company Information
7.10.2 Nachi-Fujikoshi Cutting Tools Product Portfolio
7.10.3 Nachi-Fujikoshi Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Nachi-Fujikoshi Main Business and Markets Served
7.10.5 Nachi-Fujikoshi Recent Developments/Updates
7.11 ZCC·CT
7.11.1 ZCC·CT Cutting Tools Company Information
7.11.2 ZCC·CT Cutting Tools Product Portfolio
7.11.3 ZCC·CT Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.11.4 ZCC·CT Main Business and Markets Served
7.11.5 ZCC·CT Recent Developments/Updates
7.12 Union Tool
7.12.1 Union Tool Cutting Tools Company Information
7.12.2 Union Tool Cutting Tools Product Portfolio
7.12.3 Union Tool Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Union Tool Main Business and Markets Served
7.12.5 Union Tool Recent Developments/Updates
7.13 Korloy
7.13.1 Korloy Cutting Tools Company Information
7.13.2 Korloy Cutting Tools Product Portfolio
7.13.3 Korloy Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Korloy Main Business and Markets Served
7.13.5 Korloy Recent Developments/Updates
7.14 LMT
7.14.1 LMT Cutting Tools Company Information
7.14.2 LMT Cutting Tools Product Portfolio
7.14.3 LMT Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.14.4 LMT Main Business and Markets Served
7.14.5 LMT Recent Developments/Updates
7.15 Ceratizit
7.15.1 Ceratizit Cutting Tools Company Information
7.15.2 Ceratizit Cutting Tools Product Portfolio
7.15.3 Ceratizit Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Ceratizit Main Business and Markets Served
7.15.5 Ceratizit Recent Developments/Updates
7.16 Jiangsu Tiangong Tools Co., Ltd.
7.16.1 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Company Information
7.16.2 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Product Portfolio
7.16.3 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Jiangsu Tiangong Tools Co., Ltd. Main Business and Markets Served
7.16.5 Jiangsu Tiangong Tools Co., Ltd. Recent Developments/Updates
7.17 Shanghai Tool Works Co., Ltd.
7.17.1 Shanghai Tool Works Co., Ltd. Cutting Tools Company Information
7.17.2 Shanghai Tool Works Co., Ltd. Cutting Tools Product Portfolio
7.17.3 Shanghai Tool Works Co., Ltd. Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Shanghai Tool Works Co., Ltd. Main Business and Markets Served
7.17.5 Shanghai Tool Works Co., Ltd. Recent Developments/Updates
7.18 OKE Precision Cutting Tools Co., Ltd.
7.18.1 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Company Information
7.18.2 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Product Portfolio
7.18.3 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.18.4 OKE Precision Cutting Tools Co., Ltd. Main Business and Markets Served
7.18.5 OKE Precision Cutting Tools Co., Ltd. Recent Developments/Updates
7.19 Guhring
7.19.1 Guhring Cutting Tools Company Information
7.19.2 Guhring Cutting Tools Product Portfolio
7.19.3 Guhring Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Guhring Main Business and Markets Served
7.19.5 Guhring Recent Developments/Updates
7.20 Tivoly
7.20.1 Tivoly Cutting Tools Company Information
7.20.2 Tivoly Cutting Tools Product Portfolio
7.20.3 Tivoly Cutting Tools Production, Value, Price and Gross Margin (2020-2025)
7.20.4 Tivoly Main Business and Markets Served
7.20.5 Tivoly Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Cutting Tools Industry Chain Analysis
8.2 Cutting Tools Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Cutting Tools Production Mode & Process Analysis
8.4 Cutting Tools Sales and Marketing
8.4.1 Cutting Tools Sales Channels
8.4.2 Cutting Tools Distributors
8.5 Cutting Tools Customer Analysis
9 Cutting Tools Market Dynamics
9.1 Cutting Tools Industry Trends
9.2 Cutting Tools Market Drivers
9.3 Cutting Tools Market Challenges
9.4 Cutting Tools Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
Table 1. Global Cutting Tools Market Value by Type, (US$ Million) & (2024 VS 2031)
Table 2. Global Cutting Tools Market Value by Application, (US$ Million) & (2024 VS 2031)
Table 3. Global Cutting Tools Production Capacity (M Units) by Manufacturers in 2024
Table 4. Global Cutting Tools Production by Manufacturers (2020-2025) & (M Units)
Table 5. Global Cutting Tools Production Market Share by Manufacturers (2020-2025)
Table 6. Global Cutting Tools Production Value by Manufacturers (2020-2025) & (US$ Million)
Table 7. Global Cutting Tools Production Value Share by Manufacturers (2020-2025)
Table 8. Global Key Players of Cutting Tools, Industry Ranking, 2023 VS 2024
Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Cutting Tools as of 2024)
Table 10. Global Market Cutting Tools Average Price by Manufacturers (USD/K Units) & (2020-2025)
Table 11. Global Key Manufacturers of Cutting Tools, Manufacturing Base Distribution and Headquarters
Table 12. Global Key Manufacturers of Cutting Tools, Product Offered and Application
Table 13. Global Key Manufacturers of Cutting Tools, Date of Enter into This Industry
Table 14. Global Cutting Tools Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 15. Mergers & Acquisitions, Expansion Plans
Table 16. Global Cutting Tools Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 17. Global Cutting Tools Production Value (US$ Million) by Region (2020-2025)
Table 18. Global Cutting Tools Production Value Market Share by Region (2020-2025)
Table 19. Global Cutting Tools Production Value (US$ Million) Forecast by Region (2026-2031)
Table 20. Global Cutting Tools Production Value Market Share Forecast by Region (2026-2031)
Table 21. Global Cutting Tools Production Comparison by Region: 2020 VS 2024 VS 2031 (M Units)
Table 22. Global Cutting Tools Production (M Units) by Region (2020-2025)
Table 23. Global Cutting Tools Production Market Share by Region (2020-2025)
Table 24. Global Cutting Tools Production (M Units) Forecast by Region (2026-2031)
Table 25. Global Cutting Tools Production Market Share Forecast by Region (2026-2031)
Table 26. Global Cutting Tools Market Average Price (USD/K Units) by Region (2020-2025)
Table 27. Global Cutting Tools Market Average Price (USD/K Units) by Region (2026-2031)
Table 28. Global Cutting Tools Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (M Units)
Table 29. Global Cutting Tools Consumption by Region (2020-2025) & (M Units)
Table 30. Global Cutting Tools Consumption Market Share by Region (2020-2025)
Table 31. Global Cutting Tools Forecasted Consumption by Region (2026-2031) & (M Units)
Table 32. Global Cutting Tools Forecasted Consumption Market Share by Region (2026-2031)
Table 33. North America Cutting Tools Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (M Units)
Table 34. North America Cutting Tools Consumption by Country (2020-2025) & (M Units)
Table 35. North America Cutting Tools Consumption by Country (2026-2031) & (M Units)
Table 36. Europe Cutting Tools Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (M Units)
Table 37. Europe Cutting Tools Consumption by Country (2020-2025) & (M Units)
Table 38. Europe Cutting Tools Consumption by Country (2026-2031) & (M Units)
Table 39. Asia Pacific Cutting Tools Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (M Units)
Table 40. Asia Pacific Cutting Tools Consumption by Region (2020-2025) & (M Units)
Table 41. Asia Pacific Cutting Tools Consumption by Region (2026-2031) & (M Units)
Table 42. Latin America, Middle East & Africa Cutting Tools Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (M Units)
Table 43. Latin America, Middle East & Africa Cutting Tools Consumption by Country (2020-2025) & (M Units)
Table 44. Latin America, Middle East & Africa Cutting Tools Consumption by Country (2026-2031) & (M Units)
Table 45. Global Cutting Tools Production (M Units) by Type (2020-2025)
Table 46. Global Cutting Tools Production (M Units) by Type (2026-2031)
Table 47. Global Cutting Tools Production Market Share by Type (2020-2025)
Table 48. Global Cutting Tools Production Market Share by Type (2026-2031)
Table 49. Global Cutting Tools Production Value (US$ Million) by Type (2020-2025)
Table 50. Global Cutting Tools Production Value (US$ Million) by Type (2026-2031)
Table 51. Global Cutting Tools Production Value Market Share by Type (2020-2025)
Table 52. Global Cutting Tools Production Value Market Share by Type (2026-2031)
Table 53. Global Cutting Tools Price (USD/K Units) by Type (2020-2025)
Table 54. Global Cutting Tools Price (USD/K Units) by Type (2026-2031)
Table 55. Global Cutting Tools Production (M Units) by Application (2020-2025)
Table 56. Global Cutting Tools Production (M Units) by Application (2026-2031)
Table 57. Global Cutting Tools Production Market Share by Application (2020-2025)
Table 58. Global Cutting Tools Production Market Share by Application (2026-2031)
Table 59. Global Cutting Tools Production Value (US$ Million) by Application (2020-2025)
Table 60. Global Cutting Tools Production Value (US$ Million) by Application (2026-2031)
Table 61. Global Cutting Tools Production Value Market Share by Application (2020-2025)
Table 62. Global Cutting Tools Production Value Market Share by Application (2026-2031)
Table 63. Global Cutting Tools Price (USD/K Units) by Application (2020-2025)
Table 64. Global Cutting Tools Price (USD/K Units) by Application (2026-2031)
Table 65. Sandvik Cutting Tools Company Information
Table 66. Sandvik Cutting Tools Specification and Application
Table 67. Sandvik Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 68. Sandvik Main Business and Markets Served
Table 69. Sandvik Recent Developments/Updates
Table 70. IMC Group Cutting Tools Company Information
Table 71. IMC Group Cutting Tools Specification and Application
Table 72. IMC Group Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 73. IMC Group Main Business and Markets Served
Table 74. IMC Group Recent Developments/Updates
Table 75. Mitsubishi Cutting Tools Company Information
Table 76. Mitsubishi Cutting Tools Specification and Application
Table 77. Mitsubishi Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 78. Mitsubishi Main Business and Markets Served
Table 79. Mitsubishi Recent Developments/Updates
Table 80. Kennametal Cutting Tools Company Information
Table 81. Kennametal Cutting Tools Specification and Application
Table 82. Kennametal Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 83. Kennametal Main Business and Markets Served
Table 84. Kennametal Recent Developments/Updates
Table 85. OSG Cutting Tools Company Information
Table 86. OSG Cutting Tools Specification and Application
Table 87. OSG Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 88. OSG Main Business and Markets Served
Table 89. OSG Recent Developments/Updates
Table 90. Sumitomo Electric Cutting Tools Company Information
Table 91. Sumitomo Electric Cutting Tools Specification and Application
Table 92. Sumitomo Electric Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 93. Sumitomo Electric Main Business and Markets Served
Table 94. Sumitomo Electric Recent Developments/Updates
Table 95. Mapal Cutting Tools Company Information
Table 96. Mapal Cutting Tools Specification and Application
Table 97. Mapal Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 98. Mapal Main Business and Markets Served
Table 99. Mapal Recent Developments/Updates
Table 100. Kyocera Cutting Tools Company Information
Table 101. Kyocera Cutting Tools Specification and Application
Table 102. Kyocera Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 103. Kyocera Main Business and Markets Served
Table 104. Kyocera Recent Developments/Updates
Table 105. YG-1 Cutting Tools Company Information
Table 106. YG-1 Cutting Tools Specification and Application
Table 107. YG-1 Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 108. YG-1 Main Business and Markets Served
Table 109. YG-1 Recent Developments/Updates
Table 110. Nachi-Fujikoshi Cutting Tools Company Information
Table 111. Nachi-Fujikoshi Cutting Tools Specification and Application
Table 112. Nachi-Fujikoshi Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 113. Nachi-Fujikoshi Main Business and Markets Served
Table 114. Nachi-Fujikoshi Recent Developments/Updates
Table 115. ZCC·CT Cutting Tools Company Information
Table 116. ZCC·CT Cutting Tools Specification and Application
Table 117. ZCC·CT Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 118. ZCC·CT Main Business and Markets Served
Table 119. ZCC·CT Recent Developments/Updates
Table 120. Union Tool Cutting Tools Company Information
Table 121. Union Tool Cutting Tools Specification and Application
Table 122. Union Tool Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 123. Union Tool Main Business and Markets Served
Table 124. Union Tool Recent Developments/Updates
Table 125. Korloy Cutting Tools Company Information
Table 126. Korloy Cutting Tools Specification and Application
Table 127. Korloy Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 128. Korloy Main Business and Markets Served
Table 129. Korloy Recent Developments/Updates
Table 130. LMT Cutting Tools Company Information
Table 131. LMT Cutting Tools Specification and Application
Table 132. LMT Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 133. LMT Main Business and Markets Served
Table 134. LMT Recent Developments/Updates
Table 135. Ceratizit Cutting Tools Company Information
Table 136. Ceratizit Cutting Tools Specification and Application
Table 137. Ceratizit Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 138. Ceratizit Main Business and Markets Served
Table 139. Ceratizit Recent Developments/Updates
Table 140. Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Company Information
Table 141. Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Specification and Application
Table 142. Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 143. Jiangsu Tiangong Tools Co., Ltd. Main Business and Markets Served
Table 144. Jiangsu Tiangong Tools Co., Ltd. Recent Developments/Updates
Table 145. Shanghai Tool Works Co., Ltd. Cutting Tools Company Information
Table 146. Shanghai Tool Works Co., Ltd. Cutting Tools Specification and Application
Table 147. Shanghai Tool Works Co., Ltd. Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 148. Shanghai Tool Works Co., Ltd. Main Business and Markets Served
Table 149. Shanghai Tool Works Co., Ltd. Recent Developments/Updates
Table 150. OKE Precision Cutting Tools Co., Ltd. Cutting Tools Company Information
Table 151. OKE Precision Cutting Tools Co., Ltd. Cutting Tools Specification and Application
Table 152. OKE Precision Cutting Tools Co., Ltd. Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 153. OKE Precision Cutting Tools Co., Ltd. Main Business and Markets Served
Table 154. OKE Precision Cutting Tools Co., Ltd. Recent Developments/Updates
Table 155. Guhring Cutting Tools Company Information
Table 156. Guhring Cutting Tools Specification and Application
Table 157. Guhring Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 158. Guhring Main Business and Markets Served
Table 159. Guhring Recent Developments/Updates
Table 160. Tivoly Cutting Tools Company Information
Table 161. Tivoly Cutting Tools Specification and Application
Table 162. Tivoly Cutting Tools Production (M Units), Value (US$ Million), Price (USD/K Units) and Gross Margin (2020-2025)
Table 163. Tivoly Main Business and Markets Served
Table 164. Tivoly Recent Developments/Updates
Table 165. Key Raw Materials Lists
Table 166. Raw Materials Key Suppliers Lists
Table 167. Cutting Tools Distributors List
Table 168. Cutting Tools Customers List
Table 169. Cutting Tools Market Trends
Table 170. Cutting Tools Market Drivers
Table 171. Cutting Tools Market Challenges
Table 172. Cutting Tools Market Restraints
Table 173. Research Programs/Design for This Report
Table 174. Key Data Information from Secondary Sources
Table 175. Key Data Information from Primary Sources
Table 176. Authors List of This Report
List of Figures
Figure 1. Product Picture of Cutting Tools
Figure 2. Global Cutting Tools Market Value by Type, (US$ Million) & (2020-2031)
Figure 3. Global Cutting Tools Market Share by Type: 2024 VS 2031
Figure 4. Cemented Carbide Product Picture
Figure 5. High Speed Steel Product Picture
Figure 6. Ceramics Product Picture
Figure 7. Diamond Product Picture
Figure 8. Others Product Picture
Figure 9. Global Cutting Tools Market Value by Application, (US$ Million) & (2020-2031)
Figure 10. Global Cutting Tools Market Share by Application: 2024 VS 2031
Figure 11. Machinery
Figure 12. Automotive
Figure 13. Aerospace
Figure 14. Energy
Figure 15. Others
Figure 16. Global Cutting Tools Production Value (US$ Million), 2020 VS 2024 VS 2031
Figure 17. Global Cutting Tools Production Value (US$ Million) & (2020-2031)
Figure 18. Global Cutting Tools Production Capacity (M Units) & (2020-2031)
Figure 19. Global Cutting Tools Production (M Units) & (2020-2031)
Figure 20. Global Cutting Tools Average Price (USD/K Units) & (2020-2031)
Figure 21. Cutting Tools Report Years Considered
Figure 22. Cutting Tools Production Share by Manufacturers in 2024
Figure 23. Global Cutting Tools Production Value Share by Manufacturers (2024)
Figure 24. Cutting Tools Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
Figure 25. The Global 5 and 10 Largest Players: Market Share by Cutting Tools Revenue in 2024
Figure 26. Global Cutting Tools Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 27. Global Cutting Tools Production Value Market Share by Region: 2020 VS 2024 VS 2031
Figure 28. Global Cutting Tools Production Comparison by Region: 2020 VS 2024 VS 2031 (M Units)
Figure 29. Global Cutting Tools Production Market Share by Region: 2020 VS 2024 VS 2031
Figure 30. North America Cutting Tools Production Value (US$ Million) Growth Rate (2020-2031)
Figure 31. Europe Cutting Tools Production Value (US$ Million) Growth Rate (2020-2031)
Figure 32. China Cutting Tools Production Value (US$ Million) Growth Rate (2020-2031)
Figure 33. Japan Cutting Tools Production Value (US$ Million) Growth Rate (2020-2031)
Figure 34. South Korea Cutting Tools Production Value (US$ Million) Growth Rate (2020-2031)
Figure 35. Israel Cutting Tools Production Value (US$ Million) Growth Rate (2020-2031)
Figure 36. Global Cutting Tools Consumption by Region: 2020 VS 2024 VS 2031 (M Units)
Figure 37. Global Cutting Tools Consumption Market Share by Region: 2020 VS 2024 VS 2031
Figure 38. North America Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 39. North America Cutting Tools Consumption Market Share by Country (2020-2031)
Figure 40. U.S. Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 41. Canada Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 42. Europe Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 43. Europe Cutting Tools Consumption Market Share by Country (2020-2031)
Figure 44. Germany Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 45. France Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 46. U.K. Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 47. Italy Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 48. Netherlands Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 49. Asia Pacific Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 50. Asia Pacific Cutting Tools Consumption Market Share by Region (2020-2031)
Figure 51. China Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 52. Japan Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 53. South Korea Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 54. China Taiwan Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 55. Southeast Asia Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 56. India Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 57. Latin America, Middle East & Africa Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 58. Latin America, Middle East & Africa Cutting Tools Consumption Market Share by Country (2020-2031)
Figure 59. Mexico Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 60. Brazil Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 61. Turkey Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 62. GCC Countries Cutting Tools Consumption and Growth Rate (2020-2031) & (M Units)
Figure 63. Global Production Market Share of Cutting Tools by Type (2020-2031)
Figure 64. Global Production Value Market Share of Cutting Tools by Type (2020-2031)
Figure 65. Global Cutting Tools Price (USD/K Units) by Type (2020-2031)
Figure 66. Global Production Market Share of Cutting Tools by Application (2020-2031)
Figure 67. Global Production Value Market Share of Cutting Tools by Application (2020-2031)
Figure 68. Global Cutting Tools Price (USD/K Units) by Application (2020-2031)
Figure 69. Cutting Tools Value Chain
Figure 70. Channels of Distribution (Direct Vs Distribution)
Figure 71. Bottom-up and Top-down Approaches for This Report
Figure 72. Data Triangulation
KEY QUESTIONS ADDRESSED BY THE REPORT
What was the global market size of Cutting Tools in 2025?
The global market size of Cutting Tools in 2025 was 27940 Million USD.
Which companies rank high in the global Cutting Tools market?
Which region is expected to have the highest market share?
What was the global market size of Cutting Tools in 2031?
What is the annual compound growth rate of the global Cutting Tools market size from 2025 to 2031?
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