About Boring Cutter
Boring Cutters is a wedged shaped device that removes excess material from a preformed blank in order to obtain desired shape, size and accuracy. Boring Cutters market has high growth prospects due to demand of cutting velocity, feed velocity and depth of cut. The major companies are adding more proven milling cutter in Asia-Pacific countries as these countries are focused on fastest-growing verticals for the fabrication and automation activities. Further, increasing demand for continuous contact and rising applications of thermal finished/machined surface expected to drive the market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.1% |
Firms in this market are concentrated in either Germany or in China. As there are much more opportunities for expansion in markets like China and India where there is a huge need for energy and reliance on diesel engines the players focus on these regions. Constant innovation is necessary to survive in this market. Firms in this market are largely private limited companies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Boring Cutter market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Glacern (United States), Sandvik (Sweden), Shin-Yain Industrial (Taiwan), Beijing Worldia Diamond Tools Co (China), Kennametal (United States) and ABM Tool (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Boring Cutter market by Type (Single Blade Boring Cutter, Double Blade Boring Cutter and Multi Blade Boring Cutter), Application (Metal Processing and Steel processing) and Region.
On the basis of geography, the market of Boring Cutter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Direct Sales will boost the Boring Cutter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Value Oriented Customers
Market Growth Drivers:
Rising Demand of Boring Cutters for Fabrication Activities and Increasing Demand of Boring Cutters for Cutting Edges.
Challenges:
Stringent Government Rules and Regulations and Stiff Competition between Major Players
Restraints:
Lack of Awareness among Customers and Skilled Individuals Required for Installations.
Opportunities:
Upsurge Demand for cutting tools and multiple cutting edges. and Technological Advancements Such as shaping tools and planning tools
Market Leaders and their expansionary development strategies
In October 2020, Allied acquires German boring tool manufacturer. By acquiring Wohlhaupter, Allied has added the world’s widest range of precision boring tools to our already vast array of available products,” added Eric Tope, vice president of marketing and sales. “Equally important is the fact that Allied now has a manufacturing presence
In September 2023, The BIG KAISER EWA Automatic Fine Boring System from BIG DAISHOWA performs closed-loop boring operations without a human operator. This breakthrough eliminates the need to stop the spindle to manually adjust the boring tool, which results in considerable time savings. Also, eliminating human interaction reduces cost, improves accuracy, and minimizes scrap. The adjustment range of this fine boring head allows for the handling of multiple bore sizes with the same tool and ensures a repeatable boring process.
“According to Occupational Safety and Health Administration, it offers a manual guidelines that describes the various hazards of mechanical motion and presents some techniques for protecting workers from these hazards”.
Key Target Audience
Boring Cutter Manufacturers, Boring Cutter Traders, End-Use Market Participants of Different Segments of Boring Cutter, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.