세계의 금속 절삭 공구 시장 규모, 점유율, 성장 분석 : 공구별, 프로세스별, 재료별, 용도별, 유통 채널별, 지역별 - 산업 예측(2025-2032년)

Global Metal Cutting Tools Market size was valued at USD 80.4 billion in 2023 and is poised to grow from USD 84.74 billion in 2024 to USD 129.07 billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).

The metal cutting tools market is experiencing robust growth, largely propelled by the automotive industry's rapid expansion. These tools encompass a wide range of equipment, including CNC machines and various cutting processes like milling and grinding, making them essential for the precise production of intricate components. With the resurgence of major end-use industries in developed countries, coupled with increasing light vehicle production, the demand for metal cutting tools is set to rise significantly, particularly for welded automotive components. Moreover, technological advancements and a growing appetite for power tools are driving market growth. Overall, metal cutting tools are projected to maintain a substantial share of the machine tools market, highlighting their importance in modern manufacturing processes.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Metal Cutting Tools market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Metal Cutting Tools Market Segments Analysis

Global Metal Cutting Tools Market is segmented by Tool, Process, Material, Application, Distribution Channel and region. Based on Tool, the market is segmented into Indexable and Solid. Based on Process, the market is segmented into Milling, Drilling, Boring, Turning, Grinding and Others. Based on Material, the market is segmented into Carbide, High Speed Steel, Stainless Steel, Ceramics and Others. Based on Application, the market is segmented into Automotive, Aerospace & Defense, Oil & Gas, General Machining, Medical, Electrical & Electronics and Other. Based on Distribution Channel, the market is segmented into Direct and Indirect. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Metal Cutting Tools Market

The Global Metal Cutting Tools market is experiencing significant growth, driven by the rising demand for factory automation and the adoption of smart manufacturing technologies within production and product development. This shift is largely attributed to benefits such as heightened productivity, enhanced product quality, and improved management of labor shortages. As manufacturers transition from traditional practices to intelligent, connected, and streamlined machine systems, they stand to gain from operational efficiencies, energy savings, and advanced human-machine interfaces enabled by Industry 4.0 solutions. Furthermore, real-time quality assurance is becoming increasingly crucial, as it ensures optimal equipment performance, thus boosting the adoption of cutting machine tools in the industry.

Restraints in the Global Metal Cutting Tools Market

The Global Metal Cutting Tools market faces several substantial restraints, primarily stemming from the rising trend among manufacturing companies to automate their operations to lower labor costs, enhance productivity, and optimize processes. Although this shift promises efficiency, it also entails significant expenses related to the purchase, installation, and ongoing maintenance of various machinery. The financial strain experienced during and after the pandemic has further contributed to this issue, creating a notable obstacle to market growth. Additionally, complications arising from cross-border trade due to the Ukraine-Russia conflict have intensified challenges in procuring raw materials, thereby amplifying market uncertainties and disruptions.

Market Trends of the Global Metal Cutting Tools Market

The Global Metal Cutting Tools market is witnessing a significant trend driven by advancements in additive manufacturing technologies, particularly 3D printing. This emerging manufacturing process is revolutionizing prototype development across various sectors by optimizing time and reducing costs. Key advantages, such as enhanced material efficiency, minimized waste, and the ability to create complex geometries, are propelling 3D printing into the spotlight. Its increasing adoption in industries like automotive, construction, medical devices, and robotics is facilitating the demand for innovative metal cutting solutions, thereby shaping the future landscape of the global metal cutting tools market toward a more efficient and versatile production paradigm.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Metal Cutting Tools Market Size by Tool & CAGR (2025-2032)

• Market Overview
• Indexable
• Solid

Global Metal Cutting Tools Market Size by Process & CAGR (2025-2032)

• Market Overview
• Milling
• Drilling
• Boring
• Turning
• Grinding
• Others

Global Metal Cutting Tools Market Size by Material & CAGR (2025-2032)

• Market Overview
• Carbide
• High Speed Steel
• Stainless Steel
• Ceramics
• Others

Global Metal Cutting Tools Market Size by Application & CAGR (2025-2032)

• Market Overview
• Automotive
• Aerospace & Defense
• Oil & Gas
• General Machining
• Medical
• Electrical & Electronics
• Other

Global Metal Cutting Tools Market Size by Distribution Channel & CAGR (2025-2032)

• Market Overview
• Direct
• Indirect

Global Metal Cutting Tools Market Size & CAGR (2025-2032)

• North America (Tool, Process, Material, Application, Distribution Channel)
  • US
  • Canada
• Europe (Tool, Process, Material, Application, Distribution Channel)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Tool, Process, Material, Application, Distribution Channel)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Tool, Process, Material, Application, Distribution Channel)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Tool, Process, Material, Application, Distribution Channel)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Sandvik AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kennametal Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Iscar Ltd. (Israel)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Yamazaki Mazak Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Doosan Machine Tools Co., Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trumpf (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Amada Machine Tools Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• JTEKT Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Okuma Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hyundai WIA (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FANUC America Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Komatsu Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Makino (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Materials Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kyocera Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Seco Tools AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tungaloy Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Walter AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• OSG Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ceratizit S.A. (Luxembourg)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations