Industry: Machinery & Equipment
Published Date: 2025-03-19
Pages: 111 Pages
Report ld: 4307705
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Twist Drill Market Size(US$)

CAGR 2025-2031
3.4%
Market Size,2031
USD 6,129
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Twist Drill market size was US$ 4742 million in 2024 and is forecast to a readjusted size of US$ 6129 million by 2031 with a CAGR of 3.4% during the forecast period 2025-2031.
Twist Drill (also commonly referred to as twist bit) is a rotating cutting tool, used for cutting holes in rigid materials, that consists of an essentially conical point, relieved and fluted to form cutting lips, and spiral flutes which direct the chips away from the lips and toward ejection from the hole. Twist drills are the most common and easiest way to put a hole in steel, wood or other non-ferrous materials.
Global Twist Drill key players include Sandvik Coromant, OSG, Kennametal, SECO, Stanley Black & Decker, Mitsubishi, etc. Global top five manufacturers hold a share over 21%.
The main consumption regions are North America, Europe, China, Japan, Southeast Asia, India, and other countries and regions with industrial development systems. These regions account for the majority of the global market. In terms of sales, China is currently the largest market for twist drills, holding over 48% of the global market share, followed by the United States and Europe. At the same time, with the development of technology, customers have raised more quality requirements and higher technical standards for twist drills. Specifications and functions are becoming increasingly diversified. Twist drill manufacturers should actively improve product quality to make their products more attractive in the market.
Market Drivers
Growing Industrialization: The industrialization in emerging markets, particularly in Asia and Africa, has been a significant driver for the growth of the twist drill market. As these regions continue to industrialize, the demand for drilling tools, including twist drills, has been on the rise, especially in sectors like construction, automotive, and manufacturing.
Increase in Construction and Infrastructure Projects: The construction sector is one of the key consumers of twist drills, especially in concrete drilling applications. With the global rise in infrastructure development, urbanization, and construction activities, the demand for drilling tools has increased. Twist drills are essential in tasks such as creating holes for anchors, bolts, and other fasteners in concrete and other construction materials.
Automotive and Aerospace Sectors: Both the automotive and aerospace industries require high-precision drilling tools for manufacturing components. The demand for twist drills in these sectors has been growing due to the increasing need for precise hole-making in materials such as high-strength metals, alloys, and composites.
Demand for Metalworking: As mentioned, the metalworking industry holds a dominant position in the twist drill market, accounting for over 64% of the global market share. Metalworking processes such as drilling, milling, and turning require high-performance twist drills that can handle tough materials, including steel, aluminum, and other metals. The growth of manufacturing and metal processing industries worldwide continues to drive demand for these tools.
Market Barriers
Price Sensitivity: The price sensitivity of customers is one of the significant barriers to the growth of the twist drill market. While customers seek high-quality and advanced drilling tools, they are also highly cost-conscious, especially in developing regions. The high cost of advanced twist drills with specialized coatings and materials can limit their adoption in cost-sensitive markets.
Competition from Alternative Drilling Technologies: While twist drills remain one of the most popular drilling tools, there are alternative technologies, such as laser cutting, water jet cutting, and EDM (Electrical Discharge Machining), that can be used in some applications. The growth of these alternative methods, especially for precision drilling, could pose a threat to the twist drill market.
Conclusion
The twist drill market is poised for continued growth due to rising industrial demand across multiple sectors, including metalworking, construction, automotive, and aerospace. Technological advancements, a focus on high-quality products, and diversification of applications are major factors driving this growth. However, challenges such as price sensitivity, competition from alternative drilling methods, and environmental concerns must be addressed for manufacturers to remain competitive. Companies that invest in innovation, quality improvement, and sustainability will be better positioned to meet the evolving needs of the market.
The global Twist Drill market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Twist Drill market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Taper Shank Twist Drill in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Wood in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Twist Drill value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Twist Drill Product Scope
1.2 Twist Drill by Type
1.2.1 Global Twist Drill Sales by Type (2020 & 2024 & 2031)
1.2.2 Straight Shank Twist Drill
1.2.3 Taper Shank Twist Drill
1.2.4 Double-End Twist Drill
1.2.5 Others
1.3 Twist Drill by Application
1.3.1 Global Twist Drill Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Metal
1.3.3 Wood
1.3.4 Concrete
1.3.5 Plastic
1.3.6 Others
1.4 Global Twist Drill Market Estimates and Forecasts (2020-2031)
1.4.1 Global Twist Drill Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Twist Drill Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Twist Drill Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Twist Drill Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Twist Drill Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Twist Drill Sales Market Share by Region (2020-2025)
2.2.2 Global Twist Drill Revenue Market Share by Region (2020-2025)
2.3 Global Twist Drill Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Twist Drill Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Twist Drill Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Twist Drill Market Size and Prospective (2020-2031)
2.4.2 Europe Twist Drill Market Size and Prospective (2020-2031)
2.4.3 China Twist Drill Market Size and Prospective (2020-2031)
2.4.4 Japan Twist Drill Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Twist Drill Historic Market Review by Type (2020-2025)
3.1.1 Global Twist Drill Sales by Type (2020-2025)
3.1.2 Global Twist Drill Revenue by Type (2020-2025)
3.1.3 Global Twist Drill Price by Type (2020-2025)
3.2 Global Twist Drill Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Twist Drill Sales Forecast by Type (2026-2031)
3.2.2 Global Twist Drill Revenue Forecast by Type (2026-2031)
3.2.3 Global Twist Drill Price Forecast by Type (2026-2031)
3.3 Different Types Twist Drill Representative Players
4 Global Market Size by Application
4.1 Global Twist Drill Historic Market Review by Application (2020-2025)
4.1.1 Global Twist Drill Sales by Application (2020-2025)
4.1.2 Global Twist Drill Revenue by Application (2020-2025)
4.1.3 Global Twist Drill Price by Application (2020-2025)
4.2 Global Twist Drill Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Twist Drill Sales Forecast by Application (2026-2031)
4.2.2 Global Twist Drill Revenue Forecast by Application (2026-2031)
4.2.3 Global Twist Drill Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Twist Drill Application
5 Competition Landscape by Players
5.1 Global Twist Drill Sales by Players (2020-2025)
5.2 Global Top Twist Drill Players by Revenue (2020-2025)
5.3 Global Twist Drill Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Twist Drill as of 2024)
5.4 Global Twist Drill Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Twist Drill, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Twist Drill, Product Type & Application
5.7 Global Key Manufacturers of Twist Drill, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Twist Drill Sales by Company
6.1.1.1 North America Twist Drill Sales by Company (2020-2025)
6.1.1.2 North America Twist Drill Revenue by Company (2020-2025)
6.1.2 North America Twist Drill Sales Breakdown by Type (2020-2025)
6.1.3 North America Twist Drill Sales Breakdown by Application (2020-2025)
6.1.4 North America Twist Drill Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Twist Drill Sales by Company
6.2.1.1 Europe Twist Drill Sales by Company (2020-2025)
6.2.1.2 Europe Twist Drill Revenue by Company (2020-2025)
6.2.2 Europe Twist Drill Sales Breakdown by Type (2020-2025)
6.2.3 Europe Twist Drill Sales Breakdown by Application (2020-2025)
6.2.4 Europe Twist Drill Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Twist Drill Sales by Company
6.3.1.1 China Twist Drill Sales by Company (2020-2025)
6.3.1.2 China Twist Drill Revenue by Company (2020-2025)
6.3.2 China Twist Drill Sales Breakdown by Type (2020-2025)
6.3.3 China Twist Drill Sales Breakdown by Application (2020-2025)
6.3.4 China Twist Drill Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Twist Drill Sales by Company
6.4.1.1 Japan Twist Drill Sales by Company (2020-2025)
6.4.1.2 Japan Twist Drill Revenue by Company (2020-2025)
6.4.2 Japan Twist Drill Sales Breakdown by Type (2020-2025)
6.4.3 Japan Twist Drill Sales Breakdown by Application (2020-2025)
6.4.4 Japan Twist Drill Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Sandvik Coromant
7.1.1 Sandvik Coromant Company Information
7.1.2 Sandvik Coromant Business Overview
7.1.3 Sandvik Coromant Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Sandvik Coromant Twist Drill Products Offered
7.1.5 Sandvik Coromant Recent Development
7.2 OSG
7.2.1 OSG Company Information
7.2.2 OSG Business Overview
7.2.3 OSG Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.2.4 OSG Twist Drill Products Offered
7.2.5 OSG Recent Development
7.3 Kennametal
7.3.1 Kennametal Company Information
7.3.2 Kennametal Business Overview
7.3.3 Kennametal Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Kennametal Twist Drill Products Offered
7.3.5 Kennametal Recent Development
7.4 SECO
7.4.1 SECO Company Information
7.4.2 SECO Business Overview
7.4.3 SECO Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.4.4 SECO Twist Drill Products Offered
7.4.5 SECO Recent Development
7.5 Stanley Black & Decker
7.5.1 Stanley Black & Decker Company Information
7.5.2 Stanley Black & Decker Business Overview
7.5.3 Stanley Black & Decker Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Stanley Black & Decker Twist Drill Products Offered
7.5.5 Stanley Black & Decker Recent Development
7.6 Mitsubishi
7.6.1 Mitsubishi Company Information
7.6.2 Mitsubishi Business Overview
7.6.3 Mitsubishi Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Mitsubishi Twist Drill Products Offered
7.6.5 Mitsubishi Recent Development
7.7 Guhring Group
7.7.1 Guhring Group Company Information
7.7.2 Guhring Group Business Overview
7.7.3 Guhring Group Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Guhring Group Twist Drill Products Offered
7.7.5 Guhring Group Recent Development
7.8 Nachi
7.8.1 Nachi Company Information
7.8.2 Nachi Business Overview
7.8.3 Nachi Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Nachi Twist Drill Products Offered
7.8.5 Nachi Recent Development
7.9 ISCAR
7.9.1 ISCAR Company Information
7.9.2 ISCAR Business Overview
7.9.3 ISCAR Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.9.4 ISCAR Twist Drill Products Offered
7.9.5 ISCAR Recent Development
7.10 Sumitomo
7.10.1 Sumitomo Company Information
7.10.2 Sumitomo Business Overview
7.10.3 Sumitomo Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Sumitomo Twist Drill Products Offered
7.10.5 Sumitomo Recent Development
7.11 Walter AG
7.11.1 Walter AG Company Information
7.11.2 Walter AG Business Overview
7.11.3 Walter AG Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Walter AG Twist Drill Products Offered
7.11.5 Walter AG Recent Development
7.12 Bosch
7.12.1 Bosch Company Information
7.12.2 Bosch Business Overview
7.12.3 Bosch Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Bosch Twist Drill Products Offered
7.12.5 Bosch Recent Development
7.13 Mapal
7.13.1 Mapal Company Information
7.13.2 Mapal Business Overview
7.13.3 Mapal Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Mapal Twist Drill Products Offered
7.13.5 Mapal Recent Development
7.14 Korloy
7.14.1 Korloy Company Information
7.14.2 Korloy Business Overview
7.14.3 Korloy Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Korloy Twist Drill Products Offered
7.14.5 Korloy Recent Development
7.15 Triumph
7.15.1 Triumph Company Information
7.15.2 Triumph Business Overview
7.15.3 Triumph Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.15.4 Triumph Twist Drill Products Offered
7.15.5 Triumph Recent Development
7.16 Tiangong International
7.16.1 Tiangong International Company Information
7.16.2 Tiangong International Business Overview
7.16.3 Tiangong International Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.16.4 Tiangong International Twist Drill Products Offered
7.16.5 Tiangong International Recent Development
7.17 Kyocera
7.17.1 Kyocera Company Information
7.17.2 Kyocera Business Overview
7.17.3 Kyocera Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.17.4 Kyocera Twist Drill Products Offered
7.17.5 Kyocera Recent Development
7.18 TDC Cutting Tool
7.18.1 TDC Cutting Tool Company Information
7.18.2 TDC Cutting Tool Business Overview
7.18.3 TDC Cutting Tool Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.18.4 TDC Cutting Tool Twist Drill Products Offered
7.18.5 TDC Cutting Tool Recent Development
7.19 Shanggong
7.19.1 Shanggong Company Information
7.19.2 Shanggong Business Overview
7.19.3 Shanggong Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.19.4 Shanggong Twist Drill Products Offered
7.19.5 Shanggong Recent Development
7.20 Feida
7.20.1 Feida Company Information
7.20.2 Feida Business Overview
7.20.3 Feida Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.20.4 Feida Twist Drill Products Offered
7.20.5 Feida Recent Development
7.21 Chengdu Chenliang
7.21.1 Chengdu Chenliang Company Information
7.21.2 Chengdu Chenliang Business Overview
7.21.3 Chengdu Chenliang Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.21.4 Chengdu Chenliang Twist Drill Products Offered
7.21.5 Chengdu Chenliang Recent Development
7.22 Harbin Measuring & Cutting Tool
7.22.1 Harbin Measuring & Cutting Tool Company Information
7.22.2 Harbin Measuring & Cutting Tool Business Overview
7.22.3 Harbin Measuring & Cutting Tool Twist Drill Sales, Revenue and Gross Margin (2020-2025)
7.22.4 Harbin Measuring & Cutting Tool Twist Drill Products Offered
7.22.5 Harbin Measuring & Cutting Tool Recent Development
8 Twist Drill Manufacturing Cost Analysis
8.1 Twist Drill Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Twist Drill
8.4 Twist Drill Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Twist Drill Distributors List
9.3 Twist Drill Customers
10 Twist Drill Market Dynamics
10.1 Twist Drill Industry Trends
10.2 Twist Drill Market Drivers
10.3 Twist Drill Market Challenges
10.4 Twist Drill Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Twist Drill (also commonly referred to as twist bit) is a rotating cutting tool, used for cutting holes in rigid materials, that consists of an essentially conical point, relieved and fluted to form cutting lips, and spiral flutes which direct the chips away from the lips and toward ejection from the hole. Twist drills are the most common and easiest way to put a hole in steel, wood or other non-ferrous materials.
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Twist Drill (also commonly referred to as twist bit) is a rotating cutting tool, used for cutting holes in rigid materials, that consists of an essentially conical point, relieved and fluted to form cutting lips, and spiral flutes which direct the chips away from the lips and toward ejection from the hole. Twist drills are the most common and easiest way to put a hole in steel, wood or other non-ferrous materials.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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