Carbide Tools Market Outlook to 2026: Consistently Growing Demand for Enhanced Cutting Tools

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug.29, 2019(GLOBE NEWSWIRE) -- The"Global Carbide Tools Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026"report has been added to ResearchAndMarkets.com's offering.
The carbide tools market registered market value of US$ 5,723.49 Mnestimated to grow with a CAGR of 6.75% during the forecast period from2018 to 2026.
The global production of machine tools marketreached a market value of approximately US$ 81 Bn in 2017 and expectedto grow even further in the coming years. With a consistently growingdemand for enhanced cutting tools, tool manufacturers have engagedthemselves in reinventing new breed of tools to meet the highexpectation of modern machining industry.
Carbide emerged as apowerful tool in the machining industry from past few decades. Carbidetool has excellent strength and toughness which allows the tool tomachine metals with precision with longer service life. Consequently,carbide tools are extensively preferred over its alternatives such ashigh-speed steel (HSS) and thus encouraging the market growth in thecoming years.
Based on binder material, carbide tools areclassified into six different types including Calcium Carbide, SiliconCarbide, Tungsten Carbide, Aluminum Carbide, Iron Carbide, and TitaniumCarbide. All the aforementioned carbide tools are extensively used fordifferent application according to the material to be machines.
Besides,carbide tools are further classified according to the grades intocast-iron grade carbide and steel grade carbide. As the name suggestscast-iron grade carbides are used to machines cast iron material andsteel grade for machining different compositions of steel.
Carbidetools are used across several machining application including turningand other lathe operations, milling, drilling & boring and severalother machining methods. Versatility, cost-effectiveness, andreliability are the prime features allowed the carbide tools to becomeirreplaceable and hence the market for carbide tool expected to registerserious growth in years to come.
Competitive Insights
Theresearch analysis covers exhaustive analysis of leading shippingcontainers vendors including Mitsubishi Materials Corporation, SGS ToolCompany Pvt. Ltd., Advent Tool & Manufacturing, Inc., Best CarbideCutting Tools, Inc., Ingersoll Cutting Tool Company, Garr Tool Company,Vora Industries, Rock River Tool, Inc., Carbide Tools Manufacturing,Inc., PROMAX Tools, Global Excel Tools Manufacturing Sdn and vhfcamfacture AG.
Carbide tool manufacturers are well versed withthe changing machining industry and hence dedicated themselves todevelop a new class of carbide tools. Manufacturing of high standardcarbide inserts especially for CNC machine tool for precession machiningis the key for manufacturers in order to develop their brand value.
Theaforementioned companies have to face fierce competition amongst eachother and other local players to stay forth in a market. With theexponential growth in the manufacturing industry, the carbide toolmarket holds tremendous potential for the leading as well as localmanufacturers to claim their share of the market.
Key Topics Covered
1. Preface
1.1. Report Description
1.2. Research Scope
1.3. Research Methodology
1.4. Market Segmentation
2. Executive Summary
2.1. Global Carbide Tools Market Snapshot
2.2. Global Carbide Tools Market, by Carbide Type
2.3. Global Carbide Tools Market, by Carbide Grade
2.4. Global Carbide Tools Market, by Application
2.5. Global Carbide Tools Market, by Geography
3. Global Carbide Tools Market Analysis
3.1. Global Carbide Tools Market Overview
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Challenges
3.3. See-Saw Analysis
3.3.1. Impact Analysis
3.4. Attractive Investment Proposition
3.5. Competitive Landscape
3.5.1. Market Positioning of Key Industry Participants
3.5.2. Major Strategies Adopted by Key Industry Participants
4. Global Carbide Tools Market Value, by Carbide Type, 2016 - 2026 (US$ Mn)
4.1. Overview
4.2. Calcium Carbide
4.3. Silicon Carbide
4.4. Tungsten Carbide
4.5. Aluminum Carbide
4.6. Iron Carbide
4.7. Titanium Carbide
5. Global Carbide Tools Market Value, by Carbide Grade, 2016 - 2026 (US$ Mn)
5.1. Overview
5.2. Cast-iron Grade Carbide
5.3. Steel Grade Carbide
6. Global Carbide Tools Market Value, by Application, 2016 - 2026 (US$ Mn)
6.1. Overview
6.2. Turning
6.3. Milling
6.4. Drilling
6.5. Other
7. North America Carbide Tools Market Analysis, 2016 - 2026 (US$ Mn)
8. Europe Carbide Tools Market Analysis, 2016 - 2026 (US$ Mn)
9. Asia-Pacific Carbide Tools Market Analysis, 2016 - 2026 (US$ Mn)
10. Rest of World (RoW) Carbide Tools Market Analysis, 2016 - 2026 (US$ Mn)
11. Company Profiles
11.1. Mitsubishi Materials Corporation
11.2. SGS Tool Company Pvt. Ltd.
11.3. Advent Tool & Manufacturing Inc.
11.4. Best Carbide Cutting Tools Inc.
11.5. Ingersoll Cutting Tool Company
11.6. Garr Tool Company
11.7. Vora Industries
11.8. Rock River Tool Inc.
11.9. Carbide Tools Manufacturing Inc.
11.10. PROMAX Tools
11.11. Global Excel Tools Manufacturing Sdn.
11.12. VHF Camfacture AG
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