Metal Cutting Tools Market Size, Growth | Global Report [2029]
The global metal cutting tools market size was valued at USD 73.29 billion in 2021. The market is projected to grow from USD 75.97 billion in 2022 to USD 105.46 billion by 2029, exhibiting a CAGR of 4.8% during the forecast period.
The year-on-year growth for 2020, for the global metal cutting tools market, is estimated at 5.09% and the incremental growth of the market is anticipated to be US$ 10.24 billion. Growth in the automotive industry is the major factor driving the growth of the market.” Technavio believes that the APAC region will contribute 36% of the market share.
Metal Cutting Tools Market Size, Share, Growth, Report 2023-2028
The global metal cutting tools market is expected to grow at CAGR 4% in the forecast period of 2023-2028, being driven by the rising construction activities in emerging nations and an increasing need to develop superior-quality products. Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The global metal cutting tool market was valued at $65,485.4 million in 2021, and is projected to reach $97,870.4 million by 2031, registering a CAGR of 4.1% from 2022 to 2031. A metal cutting
Metal Cutting Tools Market Size, Share & Trends to 2027
The metal-cutting tools market is estimated to grow at a CAGR of 4.91% between 2022 and 2027. The size of the market is forecast to increase by USD 5,753.56 million.
Metal Cutting Tools Market was valued at USD 73.5 Billion in 2021, and is expected to reach USD 107.7 Billion by 2029, exhibiting a CAGR of 4.9 % during the forecast period (2022-2029) The term "machine tools" refers to a group of tools used to turn metals or other materials into various machine components.
Cutting Tools Market Growth, Size, Share and Forecast to 2028
The global cutting tools market is expected to be worth $34.42 billion by 2025, with potential expected to develop at a CAGR of 3.25 percent. Heavy industrial activities and enormous production demand arising from global industrialization and the need for an operational and well-functioning economy can be linked to such wealth of cutting tools.
Metal Cutting Tools Market is projected to be worth USD 110.48 Billion by 2028, registering a CAGR of 6.73% during the forecast period (2021 - 2028) $110.48 Billion Market Size 6.73% CAGR North America Dominating Region 2021-2028 Forecast Period Segmentation By Tool Type Indexable Inserts Solid Round Tools
Cutting Tools Market Size, Share, Growth | Report, 2030
cutting tools market size is expected to hit USD 31 billion by the end of the year 2030 with a CAGR of 6.20 percent between 2022 and 2030 $31 billion Market Size 6.20% CAGR Asia Pacific Dominating Region 2022-2030 Forecast Period Segmentation By Tool Type Indexable Inserts Solid Round Tools
Global metal cutting tools market analysis – ISMR Technavio has been monitoring the global metal cutting tools market which, it says, is poised to grow by US$ 10.24 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period.
