What is Shoulder Milling Cutter Market?
Shoulder Milling Cutter is the milling tool that achieve superior part surface finishes without high machine power consumption for milling and drilling application. These cutters are available in specific dimension to cater the precise workpiece material, depth of cut or tolerance requirement. The shoulder milling cutters delivers process stability, flexibility and high precision in the automotive, aerospace and other application areas involving precision in cutting materials with difficult cutting properties such as steel, cast iron, stainless steels, and others. Many shoulder face mills cutter due to their advantage of making holes.
The market study is being classified by Type (Carbide , High-speed Steel and Others), by Application (Machinery , Automobile , Airplane and Others) and major geographies with country level break-up.
Mitsubishi materials Corp (Japan), Sumitomo Cutting Tools (United Kingdom), Sandvik Coromant (Sweden), Shin-Yain Industrial Co., Ltd. (Taiwan), SECO( United States), Kennametal(United States), WIDIA(United States), Tungaloy Corporation (Japan), Meusburger(Austria) and AVANTEC(United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are CeramTec (Germany).
The market is moderately competitive due to presence of local players. Key players are active in introducing new products with few specification to expand product line Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Shoulder Milling Cutter market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Shoulder Milling Cutter market by Type, Application and Region.
On the basis of geography, the market of Shoulder Milling 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing demand for precise cutting across manufacturing sector
- Rising demand in automotive and aerospace sector
Market Trend
- New Product Launches with few specification
Opportunities
- Increasing development in machine tool to reduces greenhouse gas emissions
In September 2019, Walter USA, a company operating in metal working industry introduced a new M4130, a shoulder milling cutter for reducing cost through Walter’s universal M4000 system inserts across varied application use. and In December 2018, the Dormer Pramet expanded the product line through introduction of inch version of the popular Helical AD having depth of cut up to 3.150 inch.
Key Target Audience
Manufacturers of shoulder milling cutter, Government, Milling machine manufacturer and Downstream manufacturer