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Carbide Tools Market - By Grade Type (Steel-Grade Carbide And Cast-Iron Carbides), By Material Type (Calcium Carbide, Aluminum Carbide, Tungsten Carbide, Silicon Carbide, Titanium Carbide, And Iron Carbide), By Application (Chamfering, Engraving, Drilling, Machining Of Threads, Cutting, Milling, Grooving, And Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 15-Sep-2020 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-2901 Status : Published

Global Carbide Tools market, which is likely to garner revenue worth nearly 10,959.28 (USD Million) by 2026, is set to record a CAGR of nearly 6.9% over 2020-2026.

Description

The global Carbide Tools market, which is likely to garner revenue worth nearly 10,959.28 (USD Million) by 2026, is set to record a CAGR of nearly 6.9% over 2020-2026. The report offers valuation and analysis of Carbide Tools market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Introduction

Carbide tools are utilized in a slew of machining application such as lathe & turning operations, drilling & boring, milling, and other machining procedures. Reliability, versatility, and cost-efficiency are the key characteristics that are likely to assist the product become irreplaceable, thereby culminating in the surge in the growth of the market.

Moreover, carbide has evolved as the most powerful tool in machining sector since last many years. In addition to this, carbide tool possess outstanding strength and durability, thereby enhancing the service lifespan of machine metals. Owing to the beneficial features, the product is preferred over high-speed steel metals and this will drive the market trends.

Market Growth Drivers

Need for innovative designs and requirement of achieving proficiency in production will prompt the manufacturers in producing superlative products and this, in turn, will steer the market expansion. Furthermore, growing popularity of carbide tools across varied industrial applications will embellish the industry growth over the estimated timespan. Moreover, use of carbide tools for cutting metals will boost the industry growth over the forecast timespan.

Furthermore, carbide tools are extensively utilized in machining due to its major properties like high speed and ability to retain the cutting edge even during extreme temperatures. Apparently, it helps in minimizing cycle time and offers resistance against wear & tear along with elongating working life of the machining application. In addition to this, the carbide tools help in reducing wastage of materials, minimizes inventory costs, and alleviates labor charges along with enhancing product quality. Nonetheless, high prices of carbide tools can hinder the market progression over the ensuing years.

European Continent To Dominate Overall Market Growth By 2026

The growth of the market in Europe during the estimated timespan is owing to massive demand for carbide tools in the thriving automotive sector. Furthermore, increase in the manufacture as well as sales of hybrid & electric vehicles will further drive the product penetration in the region over the estimated timespan.

Key players leveraging the market growth include PROMAX Tools, Best Carbide Cutting Tools, Inc., vhf camfacture AG, Advent Tool & Manufacturing, Inc., Mitsubishi Materials Corporation, Carbide Tools Manufacturing, Inc., Tunco Manufacturing Inc., Garr Tool Company, CERATIZIT S.A., Ingersoll Cutting Tool Company, Rock River Tool, Inc., Vora Industries, SGS Tool Company, and Global Excel Tools Manufacturing Sdn.

The global carbide tools market is segmented as follows:

By Material Type

  • Aluminum Carbide
  • Calcium Carbide
  • Silicon Carbide
  • Tungsten Carbide
  • Iron Carbide
  • Titanium Carbide

By Grade Type

  • Steel-Grade Carbide
  • Cast-Iron Carbides

By Application

  • Engraving
  • Chamfering
  • Cutting
  • Drilling
  • Grooving
  • Milling
  • Machining Of Threads
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Carbide Touls Market, 2016–2026 (USD Million)
    • 2.2. Carbide Touls Market: Snapshot
  • Chapter 3. Global Carbide Touls Market– Industry Analysis
    • 3.1. Carbide Touls Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Growing popularity of carbide touls across varied industrial applications will embellish the industry growth over the estimated timespan.
      • 3.2.2. Innovative designs and requirement of achieving proficiency in production will prompt the manufacturers in producing superlative products and this, in turn, will steer the market expansion.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Grade Type
      • 3.4.2. Market attractiveness analysis By Material Type
      • 3.4.3. Market attractiveness analysis By Application
  • Chapter 4. Global Carbide Touls Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Carbide Touls Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Vehicle launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Carbide Touls Market– Grade Type Analysis
    • 5.1. Global Carbide Touls Market overview: By Grade Type
      • 5.1.1. Global Carbide Touls Market share, By Grade Type , 2019 and 2026
    • 5.2. Steel-Grade Carbide
      • 5.2.1. Global Carbide Touls Market By Steel-Grade Carbide, 2016–2026 (USD Million)
    • 5.3. Cast-Iron Carbides
      • 5.3.1. Global Carbide Touls Market By Cast-Iron Carbides, 2016–2026 (USD Million)
  • Chapter 6. Global Carbide Touls Market– Material Type Analysis
    • 6.1. Global Carbide Touls Market overview: By Material Type
      • 6.1.1. Global Carbide Touls Market share, By Material Type , 2019 and 2026
    • 6.2. Calcium Carbide
      • 6.2.1. Global Carbide Touls Market By Calcium Carbide, 2016–2026 (USD Million)
    • 6.3. ALUMINUM CARBIDE
      • 6.3.1. Global Carbide Touls Market By ALUMINUM CARBIDE, 2016–2026 (USD Million)
    • 6.4. Tungsten Carbide
      • 6.4.1. Global Carbide Touls Market By Tungsten Carbide, 2016–2026 (USD Million)
    • 6.5. Silicon Carbide
      • 6.5.1. Global Carbide Touls Market By Silicon Carbide, 2016–2026 (USD Million)
    • 6.6. Titanium Carbide
      • 6.6.1. Global Carbide Touls Market By Titanium Carbide, 2016–2026 (USD Million)
    • 6.7. Iron Carbide
      • 6.7.1. Global Carbide Touls Market By Iron Carbide, 2016–2026 (USD Million)
  • Chapter 7. Global Carbide Touls Market– Application Analysis
    • 7.1. Global Carbide Touls Market overview: By Application
      • 7.1.1. Global Carbide Touls Market share, By Application , 2019 and 2026
    • 7.2. CHAMFERING
      • 7.2.1. Global Carbide Touls Market By CHAMFERING, 2016–2026 (USD Million)
    • 7.3. ENGRAVING
      • 7.3.1. Global Carbide Touls Market By ENGRAVING, 2016–2026 (USD Million)
    • 7.4. Drilling
      • 7.4.1. Global Carbide Touls Market By Drilling, 2016–2026 (USD Million)
    • 7.5. Machining Of Threads
      • 7.5.1. Global Carbide Touls Market By Machining Of Threads, 2016–2026 (USD Million)
    • 7.6. Cutting
      • 7.6.1. Global Carbide Touls Market By Cutting, 2016–2026 (USD Million)
    • 7.7. Milling
      • 7.7.1. Global Carbide Touls Market By Milling, 2016–2026 (USD Million)
    • 7.8. Grooving
      • 7.8.1. Global Carbide Touls Market By Grooving, 2016–2026 (USD Million)
    • 7.9. Others
      • 7.9.1. Global Carbide Touls Market By Others, 2016–2026 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Best Carbide Cutting Touls, Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Advent Toul & Manufacturing, Inc.
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Mitsubishi Materials Corporation
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Garr Toul Company
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. CERATIZIT S.A.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Ingersull Cutting Toul Company
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. Rock River Toul, Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Vora Industries
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. SGS Toul Company
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Tunco Manufacturing Inc.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Carbide Touls Manufacturing, Inc.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. PROMAX Touls
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development
    • 8.13. Global Excel Touls Manufacturing Sdn
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product Portfolio
      • 8.13.4. Business Strategy
      • 8.13.5. Recent Development

Methodology


Frequently Asked Questions

Need for innovative designs and requirement of achieving proficiency in production will prompt the manufacturers in producing superlative products and this, in turn, will steer the market expansion. Furthermore, growing popularity of carbide tools across varied industrial applications will embellish the industry growth over the estimated timespan.

According to Zion Market Research, the global Carbide Tools Market, which is likely to garner revenue worth nearly 10,959.28 (USD Million) by 2026, is set to record a CAGR of nearly 6.9% over 2020-2026.

Europe is likely to make noteworthy contributions towards global Carbide Tools Market revenue. The growth of the continent over the estimated timespan is attributed to to massive demand for carbide tools in the thriving automotive sector. Furthermore, increase in the manufacture as well as sales of hybrid & electric vehicles will further drive the product penetration in the region over the estimated timespan.

The key players profiled in the report include Best Carbide Cutting Tools, Inc., Advent Tool & Manufacturing, Inc., Mitsubishi Materials Corporation, Garr Tool Company, CERATIZIT S.A., Ingersoll Cutting Tool Company, Rock River Tool, Inc., vhf camfacture AG, Vora Industries, SGS Tool Company, Tunco Manufacturing Inc., Carbide Tools Manufacturing, Inc., PROMAX Tools, Global Excel Tools Manufacturing Sdn. Major players are trying to increase their profits through technological innovations and setting competitive pricing.

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