Global Metal Cutting Tool Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

Segmented by Product Type;

Turning Tools, Drilling Tools, Milling Tools and Rotary Tools.

Segmented by Material;

Cemented Carbide , Carbon Steel, High-speed Steel (HSS), Polycrystalline Diamond (PCD), Ceramics, Stellite, Cubic Boron Nitride (CBN) and Cast Alloys.

Segmented by End-User Industry;

Construction, Aerospace&Defense, Automotive, Marine, Manufacturing, Electronics and Energy.

Segmented by Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn072952690 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Metal Cutting Tool Market (USD Million), 2021 - 2031

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
# Global Market (USD Million), 2021 - 2031
2021 71.7
2022 73.2
2023 87.7
2024 101.4
2025 107.1
2026 114.3
2027 114.5
2028 118.8
2029 141.1
2030 167.2
2031 192.0

In the year 2024, the Global Metal Cutting Tool Market was valued at USD 80,222.53 million. The size of this market is expected to increase to USD 124,378.23 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.5%.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Material
    3. Market Snapshot, By End-User Industry
    4. Market Snapshot, By Region
    5. Market Opportunity Map
  4. Global Metal Cutting Tool Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
      2. Restraints
      3. Opportunities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Metal Cutting Tool Market, By Product Type, 2023 - 2033 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2025 and 2031 (%)
      3. Y-o-Y Growth Analysis, 2022 - 2031
      4. Segment Trends
        1. Turning Tools
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        2. Drilling Tools
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        3. Milling Tools
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        4. Rotary Tools
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
    2. Global Metal Cutting Tool Market, By Material, 2023 - 2033 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2025 and 2031 (%)
      3. Y-o-Y Growth Analysis, 2022 - 2031
      4. Segment Trends
        1. Cemented Carbide
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        2. Carbon Steel
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        3. High-speed Steel (HSS)
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        4. Polycrystalline Diamond (PCD)
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        5. Ceramics
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        6. Stellite
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        7. Cubic Boron Nitride (CBN)
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        8. Cast Alloys
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
    3. Global Metal Cutting Tool Market, By End-User Industry, 2023 - 2033 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2025 and 2031 (%)
      3. Y-o-Y Growth Analysis, 2022 - 2031
      4. Segment Trends
        1. Construction
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        2. Aerospace&Defense
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        3. Automotive
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        4. Marine
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        5. Manufacturing
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        6. Electronics
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
        7. Energy
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, 2021 - 2031 (USD Million)
    4. Global Metal Cutting Tool Market, By Geography, 2023 - 2033 (USD Million)
      1. Introduction
      2. Market Share Analysis, 2025 and 2031 (%)
      3. Y-o-Y Growth Analysis, 2022 - 2031
      4. Regional Trends
        1. North America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            1. United States
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            2. Canada
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
        2. Europe
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            1. Germany
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            2. United Kingdom
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            3. France
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            4. Italy
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            5. Spain
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            6. Rest of Europe
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
        3. Asia Pacific
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            1. Japan
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            2. China
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            3. India
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            4. Australia & New Zealand
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            5. South Korea
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            6. ASEAN (Association of South East Asian Countries)
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            7. Rest of Asia Pacific
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
        4. Middle East & Africa
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            1. GCC
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            2. Israel
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            3. South Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            4. Rest of Middle East & Africa
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
        5. Latin America
          1. Introduction
          2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
          3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
          4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            1. Brazil
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            2. Mexico
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            3. Argentina
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
            4. Rest of Latin America
              1. Introduction
              2. Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2021 - 2031 (USD Million)
              3. Market Size and Forecast, and Y-o-Y Growth, By Material, 2021 - 2031 (USD Million)
              4. Market Size and Forecast, and Y-o-Y Growth, By End-User Industry, 2021 - 2031 (USD Million)
  6. Competitive Landscape
    1. Heat Map Analysis
    2. Company Profiles
      1. Fanuc America Corporation
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      2. Amada Machine Tools Co. Ltd.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      3. BIG Kaiser Precision Tooling Inc.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      4. Sandvik
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      5. Komatsu Ltd.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      6. Kennametal
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      7. Doosan Machine Tools Co. Ltd.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      8. Ingersoll Cutting Tool Company
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      9. Tiangong International Co.
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      10. Tungaloy Corporation
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
      11. Hitachi Metals
        1. Company Overview and Product Portfolio
        2. Key Developments
        3. Financial Overview
        4. Strategies
        5. Company SWOT Analysis
  7. Analyst Views
  8. Future Outlook of the Market