About Diamond Tools
A diamond tool is cutting, grinding or polishing tool with diamond grains fixed on the functional parts of the tool via a bonding material or another method. It is a superhard material thus it has many advantages as compared with tools made with common abrasives such as corundum and silicon carbide. Diamond tools are the best hardness materials processing tools, which has a unique advantage (good processing quality, high efficiency). It can significantly reduce processing costs and improve working conditions. So, it is widely used in the stone processing industry, transportation industry, geological prospecting industry and machining.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.77% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Diamond Tools 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.
Asahi Diamond Industrial (Japan), Husqvarna AB (Sweden), Tyrolit (Austria), Ehwa (South Korea), Hilti (Liechtenstein), Bosun Tools Co., Ltd. (China), Saint-Gobain (France), Gang Yan Diamond Products Inc. (China), Reliable Diamond Tool Inc. (United States) and Makita (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Robert Bosch GmbH (Germany) and Shibuya Company (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Diamond Tools market by Type (Abrasives Type, Diamond Sawing Tools, Diamond Drilling Tools, Diamond Cutting Tools and Others), Application (Stone Processing Industry, Transportation Industry, Geological Prospecting Industry, Machining and Other) and Region.
On the basis of geography, the market of Diamond 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 End user, the sub-segment i.e. Stone Processing Industry will boost the Diamond Tools market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Advanced Cutting Tools
Market Growth Drivers:
Hardest Material Compared To Other Tool Materials, Reduce Processing Cost and Improve Working Conditions and •Longest Life of Any Tool
Challenges:
Health and Environmental Concerns
Restraints:
High initial cost of diamond tools compared to traditional abrasive tools.
Opportunities:
Increasing Demand from End-User Industry
Market Leaders and their expansionary development strategies
In October 2023, Husqvarna Group’s had acquired of the German based company Heger, Husqvarna Construction looks to further strengthen its position in the diamond tools market for professional contractors in UK by signing an agreement to acquire the assets of Total Diamond Products (TDP).
In September 2021, CorePlus has launched of its new range of high-quality Diamond Cutting Blades, Dry Diamond Core Drill Bits, Diamond Tile Drill Bits and Diamond Hole Saws.
Key Target Audience
Diamond Tools Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
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.