About Turning Tools
Turning tools typically consist of the replaceable insert in the body of the tool, it involves a fixed and non-rotating cutter because in turning, the workpiece spins instead of the tool. The tool inserts range differently in various ways including shape, material, coating, and geometry. These tools can be round in shape to increase the strength of the edges, tools in diamond shape allow sharp point to cut in fine features, square shapes tools maximize the number of separate edges to change it if it wears out.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
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.
Kyocera Unimerco (Denmark), Aloris Tool Technology Co., Inc. (United States), Ingersoll Cutting Tool Company (United States), Dorian Tool International Incorporated. (United States), Asahi Diamond Industrial Co., Ltd. (Japan), Dormer Pramet (Sweden), Danobat Group, Applitec Moutier SA (Switzerland), Beijing Worldia Diamond Tools Co., Ltd. (China) and ALESA AG (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Turning Tools market by Type (External, Internal, Face and Others) and Region.
On the basis of geography, the market of Turning Tools 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 Channel, the sub-segment i.e. Offline will boost the Turning Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Carbide will boost the Turning Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Insert will boost the Turning Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Turning Tools in the Aerospace Industry and Emerging Automatic Turning Tools Operation
Market Growth Drivers:
Demand for Various Types of Single-point Cutting Tools for Accuracy and Precision and Growing Manufacturing Industry
Challenges:
Stringent Regulatory Guidelines on Turning Tools
Restraints:
Safety and Handling related Issues with Turning Tools
Opportunities:
Advancements in Milling and Turning Tools and Rising Demand for the Turning Tools from Developing Countries
On 16th September 2019, The machine tool and production systems manufacturer Danobat Group announced the acquisition of the Dutch company Hembrug Machine Tools, the leader in precision hard turning technology. The purchase agreement was announced this afternoon in Hanover (Germany) at the EMO, the leading European machine tool fair.
Key Target Audience
Turning Tools Manufacturers, Turning Tools International Traders, Turning Tools Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Potential Investors 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.