North America Cutting Tools Market 2023-2033 by Tool Type (Solid Round, Indexable), Product (Groovers, Reamers, Milling Cutters, Drills), Material (Cemented Carbide, HSS, Ceramics, CBN), Chip Breaker (Step, Ridge, Universal, Separate), Application, Industry Vertical, Distribution Channel (Offline, Online), and Country: Trend Forecast and Growth Opportunity

January 2024 | 140 pages | ID: N5864F0582B6EN
GMD Research

Abstracts

North America cutting tools market is projected to grow by 4.2% annually in the forecast period and reach $12.24 million by 2033. The growth is driven by the increasing production and manufacturing activities, improved operational efficiency and innovative design, and an increasing demand for power tools for DIY activities.

Highlighted with 64 tables and 44 figures, this 140-page report “North America Cutting Tools Market 2023-2033 by Tool Type (Solid Round, Indexable), Product (Groovers, Reamers, Milling Cutters, Drills), Material (Cemented Carbide, HSS, Ceramics, CBN), Chip Breaker (Step, Ridge, Universal, Separate), Application, Industry Vertical, Distribution Channel (Offline, Online), and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire North America cutting tools market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America cutting tools market in every aspect of the classification from perspectives of Tool Type, Product, Material, Chip Breaker, Application, Industry Vertical, Distribution Channel, and Country.

Based on Tool Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.

• Solid Round Tools
• Indexable Cutting Tools

Based on Product, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.

• Groovers
• Reamers
• Milling Cutters
• Drills
• Other Products

By Material, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.

• Cemented Carbide
• High-speed Steel (HSS)
• Ceramics
• Cubic Boron Nitride (CBN)
• Other Materials

By Chip Breaker, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.

• Step/Shelf Chip Breaker
• Groove/Ridge Chip Breaker
• Universal Chip Breaker
• Separate Chip Breaker

By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.

• Threading & Milling
• Shearing & Parting
• Grooving & Drilling
• Boring

By Industry Vertical, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.

• Automotive Industry
• General Manufacturing
• Aerospace & Defense
• Oil & Gas
• Electronics Industry
• Construction
• Energy & Power
• Medical Industry
• Other Industry Verticals

By Distribution Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.

• Offline Sales
• Online Sales

Geographically, the following national/local markets are fully investigated:

• U.S.
• Canada
• Mexico

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets by Tool Type, Material, and Industry Vertical over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Ceratizit Group

Fraisa SA

Hikoki

Hilti Corporation

ICS Cutting Tools Inc.

Ingersoll Cutting Tools

Iscar Ltd.

J Schneeberger Maschinen AG

Kelin Tools

Kennametal Inc.

Kyocera

Makita Corporation

Mapal

OSG Corporation

OTTO BAIER GmbH

Robert Bosch

Sandvik AG

Snap-on Incorporated

Stanley Black & Decker

Vollmer

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
  2.1.3 Impact of Russia-Ukraine Conflict
  2.1.4 Impact of Israel-Palestine War
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF NORTH AMERICA MARKET BY TOOL TYPE

3.1 Market Overview by Tool Type
3.2 Solid Round Tools
3.3 Indexable Cutting Tools

4 SEGMENTATION OF NORTH AMERICA MARKET BY PRODUCT

4.1 Market Overview by Product
4.2 Groovers
4.3 Reamers
4.4 Milling Cutters
4.5 Drills
4.6 Other Products

5 SEGMENTATION OF NORTH AMERICA MARKET BY MATERIAL

5.1 Market Overview by Material
5.2 Cemented Carbide
5.3 High-speed Steel (HSS)
5.4 Ceramics
5.5 Cubic Boron Nitride (CBN)
5.6 Other Materials

6 SEGMENTATION OF NORTH AMERICA MARKET BY CHIP BREAKER

6.1 Market Overview by Chip Breaker
6.2 Step/Shelf Chip Breaker
6.3 Groove/Ridge Chip Breaker
6.4 Universal Chip Breaker
6.5 Separate Chip Breaker

7 SEGMENTATION OF NORTH AMERICA MARKET BY APPLICATION

7.1 Market Overview by Application
7.2 Threading & Milling
7.3 Shearing & Parting
7.4 Grooving & Drilling
7.5 Boring

8 SEGMENTATION OF NORTH AMERICA MARKET BY INDUSTRY VERTICAL

8.1 Market Overview by Industry Vertical
8.2 Automotive Industry
8.3 General Manufacturing
8.4 Aerospace & Defense
8.5 Oil & Gas
8.6 Electronics Industry
8.7 Construction
8.8 Energy & Power
8.9 Medical Industry
8.10 Other Industry Verticals

9 SEGMENTATION OF NORTH AMERICA MARKET BY DISTRIBUTION CHANNEL

9.1 Market Overview by Distribution Channel
9.2 Offline Sales
9.3 Online Sales

10 NORTH AMERICA MARKET 2023-2033 BY COUNTRY

10.1 Overview of North America Market
10.2 U.S.
10.3 Canada
10.4 Mexico

11 COMPETITIVE LANDSCAPE

11.1 Overview of Key Vendors
11.2 New Product Launch, Partnership, Investment, and M&A
11.3 Company Profiles
Ceratizit Group
Fraisa SA
Hikoki
Hilti Corporation
ICS Cutting Tools Inc.
Ingersoll Cutting Tools
Iscar Ltd.
J Schneeberger Maschinen AG
Kelin Tools
Kennametal Inc.
Kyocera
Makita Corporation
Mapal
OSG Corporation
OTTO BAIER GmbH
Robert Bosch
Sandvik AG
Snap-on Incorporated
Stanley Black & Decker
Vollmer
RELATED REPORTS

List Of Tables

LIST OF TABLES

Table 1. Snapshot of North America Cutting Tools Market in Balanced Perspective, 2023-2033
Table 2. World Economic Outlook, 2024-2036
Table 3. World Economic Outlook, 2022-2024
Table 4. Scenarios for Economic Impact of Ukraine Crisis
Table 5. Scenarios for Economic Impact of Israel-Palestine War
Table 6. Main Product Trends and Market Opportunities in North America Cutting Tools Market
Table 7. North America Cutting Tools Market by Tool Type, 2023-2033, $ mn
Table 8. North America Cutting Tools Market by Tool Type, 2023-2033, million units
Table 9. North America Cutting Tools Market by Tool Type: Solid Round Tools, 2023-2033, $ mn and million units
Table 10. North America Cutting Tools Market by Tool Type: Indexable Cutting Tools, 2023-2033, $ mn and million units
Table 11. North America Cutting Tools Market by Product, 2023-2033, $ mn
Table 12. North America Cutting Tools Market by Product, 2023-2033, million units
Table 13. North America Cutting Tools Market by Product: Groovers, 2023-2033, $ mn and million units
Table 14. North America Cutting Tools Market by Product: Reamers, 2023-2033, $ mn and million units
Table 15. North America Cutting Tools Market by Product: Milling Cutters, 2023-2033, $ mn and million units
Table 16. North America Cutting Tools Market by Product: Drills, 2023-2033, $ mn and million units
Table 17. North America Cutting Tools Market by Product: Other Products, 2023-2033, $ mn and million units
Table 18. North America Cutting Tools Market by Material, 2023-2033, $ mn
Table 19. North America Cutting Tools Market by Material, 2023-2033, million units
Table 20. North America Cutting Tools Market by Material: Cemented Carbide, 2023-2033, $ mn and million units
Table 21. North America Cutting Tools Market by Material: High-speed Steel (HSS), 2023-2033, $ mn and million units
Table 22. North America Cutting Tools Market by Material: Ceramics, 2023-2033, $ mn and million units
Table 23. North America Cutting Tools Market by Material: Cubic Boron Nitride (CBN), 2023-2033, $ mn and million units
Table 24. North America Cutting Tools Market by Material: Other Materials, 2023-2033, $ mn and million units
Table 25. North America Cutting Tools Market by Chip Breaker, 2023-2033, $ mn
Table 26. North America Cutting Tools Market by Chip Breaker, 2023-2033, million units
Table 27. North America Cutting Tools Market by Chip Breaker: Step/Shelf Chip Breaker, 2023-2033, $ mn and million units
Table 28. North America Cutting Tools Market by Chip Breaker: Groove/Ridge Chip Breaker, 2023-2033, $ mn and million units
Table 29. North America Cutting Tools Market by Chip Breaker: Universal Chip Breaker, 2023-2033, $ mn and million units
Table 30. North America Cutting Tools Market by Chip Breaker: Separate Chip Breaker, 2023-2033, $ mn and million units
Table 31. North America Cutting Tools Market by Application, 2023-2033, $ mn
Table 32. North America Cutting Tools Market by Application, 2023-2033, million units
Table 33. North America Cutting Tools Market by Application: Threading & Milling, 2023-2033, $ mn and million units
Table 34. North America Cutting Tools Market by Application: Shearing & Parting, 2023-2033, $ mn and million units
Table 35. North America Cutting Tools Market by Application: Grooving & Drilling, 2023-2033, $ mn and million units
Table 36. North America Cutting Tools Market by Application: Boring, 2023-2033, $ mn and million units
Table 37. North America Cutting Tools Market by Industry Vertical, 2023-2033, $ mn
Table 38. North America Cutting Tools Market by Industry Vertical, 2023-2033, million units
Table 39. North America Cutting Tools Market by Industry Vertical: Automotive Industry, 2023-2033, $ mn and million units
Table 40. North America Cutting Tools Market by Industry Vertical: General Manufacturing, 2023-2033, $ mn and million units
Table 41. North America Cutting Tools Market by Industry Vertical: Aerospace & Defense, 2023-2033, $ mn and million units
Table 42. North America Cutting Tools Market by Industry Vertical: Oil & Gas, 2023-2033, $ mn and million units
Table 43. North America Cutting Tools Market by Industry Vertical: Electronics Industry, 2023-2033, $ mn and million units
Table 44. North America Cutting Tools Market by Industry Vertical: Construction, 2023-2033, $ mn and million units
Table 45. North America Cutting Tools Market by Industry Vertical: Energy & Power, 2023-2033, $ mn and million units
Table 46. North America Cutting Tools Market by Industry Vertical: Medical Industry, 2023-2033, $ mn and million units
Table 47. North America Cutting Tools Market by Industry Vertical: Other Industry Verticals, 2023-2033, $ mn and million units
Table 48. North America Cutting Tools Market by Distribution Channel, 2023-2033, $ mn
Table 49. North America Cutting Tools Market by Distribution Channel, 2023-2033, million units
Table 50. North America Cutting Tools Market by Distribution Channel: Offline Sales, 2023-2033, $ mn and million units
Table 51. North America Cutting Tools Market by Distribution Channel: Online Sales, 2023-2033, $ mn and million units
Table 52. North America Cutting Tools Market by Country, 2023-2033, $ mn
Table 53. U.S. Cutting Tools Market by Tool Type, 2023-2033, $ mn
Table 54. U.S. Cutting Tools Market by Material, 2023-2033, $ mn
Table 55. U.S. Cutting Tools Market by Industry Vertical, 2023-2033, $ mn
Table 56. Canada Cutting Tools Market by Tool Type, 2023-2033, $ mn
Table 57. Canada Cutting Tools Market by Material, 2023-2033, $ mn
Table 58. Canada Cutting Tools Market by Industry Vertical, 2023-2033, $ mn
Table 59. Mexico Cutting Tools Market by Tool Type, 2023-2033, $ mn
Table 60. Mexico Cutting Tools Market by Material, 2023-2033, $ mn
Table 61. Mexico Cutting Tools Market by Industry Vertical, 2023-2033, $ mn
Table 62. Ceratizit Group: Company Snapshot
Table 63. Ceratizit Group: Business Segmentation
Table 64. Ceratizit Group: Product Portfolio

List Of Figures

LIST OF FIGURES

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033
Figure 4. North America Cutting Tools Market by Value, 2023-2033, $ mn
Figure 5. North America Cutting Tools Market by Volume, 2023-2033, million units
Figure 6. Impact of COVID-19 on Business
Figure 7. Primary Drivers and Impact Factors of North America Cutting Tools Market
Figure 8. Primary Restraints and Impact Factors of North America Cutting Tools Market
Figure 9. Investment Opportunity Analysis
Figure 10. Porter’s Fiver Forces Analysis of North America Cutting Tools Market
Figure 11. Breakdown of North America Cutting Tools Market by Tool Type, 2023-2033, % of Revenue
Figure 12. North America Addressable Market Cap in 2024-2033 by Tool Type, Value ($ mn) and Share (%)
Figure 13. Breakdown of North America Cutting Tools Market by Tool Type, 2023-2033, % of Sales Volume
Figure 14. North America Addressable Market Cap in 2024-2033 by Tool Type, Volume (million units) and Share (%)
Figure 15. Breakdown of North America Cutting Tools Market by Product, 2023-2033, % of Sales Revenue
Figure 16. North America Addressable Market Cap in 2024-2033 by Product, Value ($ mn) and Share (%)
Figure 17. Breakdown of North America Cutting Tools Market by Product, 2023-2033, % of Sales Volume
Figure 18. North America Addressable Market Cap in 2024-2033 by Product, Volume (million units) and Share (%)
Figure 19. Breakdown of North America Cutting Tools Market by Material, 2023-2033, % of Sales Revenue
Figure 20. North America Addressable Market Cap in 2024-2033 by Material, Value ($ mn) and Share (%)
Figure 21. Breakdown of North America Cutting Tools Market by Material, 2023-2033, % of Sales Volume
Figure 22. North America Addressable Market Cap in 2024-2033 by Material, Volume (million units) and Share (%)
Figure 23. Breakdown of North America Cutting Tools Market by Chip Breaker, 2023-2033, % of Revenue
Figure 24. North America Addressable Market Cap in 2024-2033 by Chip Breaker, Value ($ mn) and Share (%)
Figure 25. Breakdown of North America Cutting Tools Market by Chip Breaker, 2023-2033, % of Sales Volume
Figure 26. North America Addressable Market Cap in 2024-2033 by Chip Breaker, Volume (million units) and Share (%)
Figure 27. Breakdown of North America Cutting Tools Market by Application, 2023-2033, % of Revenue
Figure 28. North America Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%)
Figure 29. Breakdown of North America Cutting Tools Market by Application, 2023-2033, % of Sales Volume
Figure 30. North America Addressable Market Cap in 2024-2033 by Application, Volume (million units) and Share (%)
Figure 31. Breakdown of North America Cutting Tools Market by Industry Vertical, 2023-2033, % of Revenue
Figure 32. North America Addressable Market Cap in 2024-2033 by Industry Vertical, Value ($ mn) and Share (%)
Figure 33. Breakdown of North America Cutting Tools Market by Industry Vertical, 2023-2033, % of Sales Volume
Figure 34. North America Addressable Market Cap in 2024-2033 by Industry Vertical, Volume (million units) and Share (%)
Figure 35. Breakdown of North America Cutting Tools Market by Distribution Channel, 2023-2033, % of Revenue
Figure 36. North America Addressable Market Cap in 2024-2033 by Distribution Channel, Value ($ mn) and Share (%)
Figure 37. Breakdown of North America Cutting Tools Market by Distribution Channel, 2023-2033, % of Sales Volume
Figure 38. North America Addressable Market Cap in 2024-2033 by Distribution Channel, Volume (million units) and Share (%)
Figure 39. Breakdown of North America Cutting Tools Market by Country, 2023 and 2033, % of Revenue
Figure 40. Contribution to North America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 41. U.S. Cutting Tools Market, 2023-2033, $ mn
Figure 42. Canada Cutting Tools Market, 2023-2033, $ mn
Figure 43. Cutting Tools Market in Mexico, 2023-2033, $ mn
Figure 44. Growth Stage of North America Cutting Tools Industry over the Forecast Period