NEW YORK, Nov. 1, 2021 /PRNewswire/ -- The "Metal Cutting Tools Market by Product (milling tools, drilling tools, and other tools) and Geography (APAC, Europe, North America, South America, and MEA) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the metal cutting tools market between 2021 and 2025 is USD 4.26 bn. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver
- Market Challenges
The increasing demand for metal parts in major end-user industries and the rise in construction activities in emerging nations of APAC are some of the key market drivers. However, factors such as increased competition from substitute products will challenge market growth.
To learn about additional key drivers, trends, and challenges- Download our FREE Sample Report right now!
APAC will be the leading region with 48% of the market's growth during the forecast period. China, Japan, and India are the key markets for metal cutting tools in APAC.
View our sample report for insights into the contribution of all the segments & regional opportunities in the report.
Some Companies Mentioned -
- AMADA Co. Ltd.
- Berkenhoff GmbH
- Colfax Corp.
- FANUC Corp.
- TRUMPF GmbH + Co. KG
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Metal Cutting Tools Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of over 3.96% |
Market growth 2021-2025 | USD 4.26 billion |
Market structure | Fragmented |
YoY growth (%) | 3.00 |
Regional analysis | APAC, Europe, North America, South America, and MEA |
Performing market contribution | APAC at 48% |
Key consumer countries | China, US, Germany, Japan, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | AMADA Co. Ltd., Berkenhoff GmbH, Colfax Corp., DMG MORI AKTIENGESELLSCHAFT, FANUC Corp., Gedik Kaynak AS, Illinois Tool Works Inc., Mitsubishi Electric Corp., Sandvik AB, and TRUMPF GmbH + Co. KG |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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