Metalworking Machinery Accessories Market

By Product Type;

Abrasives [Belts, Grinding Stones and Grinding Wheels], Coolants & Lubricants [Neat Oils, Soluble Oils and Synthetic Fluids], Cutting Tools [Drills, End Mills, Inserts and Taps], Tooling Systems [Arbors, Collets and Tool Holders] and Workholding [Chucks, Fixtures and Vices]

By End User;

Aerospace, Automotive, Electronics, Energy, General Manufacturing and Medical Devices

By Distribution Channel;

Distributors, E-Commerce Platforms [Company Websites and Third-Party Marketplaces], Independent Aftermarket Dealers and OEM Direct

By Application;

Finishing [Coating, Deburring and Polishing], Forming [Bending, Extrusion and Stamping] and Machining [Drilling, Grinding, Milling and Turning]

By Machine Type;

CNC Milling Machines, CNC Turning Machines, Drilling Machines, Grinding Machines, Laser Cutting Machines and Waterjet Machines

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn536171920 Published Date: September, 2025 Updated Date: October, 2025

Metalworking Machinery Accessories Market Overview

Metalworking Machinery Accessories Market (USD Million)

Metalworking Machinery Accessories Market was valued at USD 24,388.65 million in the year 2024. The size of this market is expected to increase to USD 44,922.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.1%.


Metalworking Machinery Accessories Market

*Market size in USD million

CAGR 9.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)9.1 %
Market Size (2024)USD 24,388.65 Million
Market Size (2031)USD 44,922.06 Million
Market ConcentrationMedium
Report Pages300
24,388.65
2024
44,922.06
2031

Major Players

  • Sandvik Coromant
  • Kennametal Inc.
  • Mitsubishi Materials Corporation
  • ISCAR Ltd. (IMC Group)
  • OSG Corporation
  • Seco Tools (Sandvik Group)
  • Walter AG (Sandvik Group)
  • MAPAL Group
  • Kyocera Corporation
  • Sumitomo Electric Industries

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Metalworking Machinery Accessories Market

Fragmented - Highly competitive market without dominant players


The Metalworking Machinery Accessories Market plays a pivotal role in enhancing the efficiency, precision, and performance of metalworking operations. Around 45% of metalworking machinery users rely heavily on advanced accessories such as cutting tools, work-holding devices, and precision measuring equipment to boost productivity. The growing demand for high-quality finished products in industries like automotive, aerospace, and construction is fueling the steady rise of this market.

Key Demand Drivers
A major driver of this market is the emphasis on precision engineering and operational efficiency. Nearly 40% of manufacturers have integrated specialized accessories to improve machining accuracy and reduce downtime. Accessories such as jigs, fixtures, and tool holders enable better performance and extend the lifespan of machinery, directly influencing the overall cost-effectiveness of industrial processes.

Technological Advancements
The integration of automation and digital tools into accessories is transforming the market. Approximately 50% of modern installations now include CNC-compatible and sensor-enabled accessories that enhance machine capabilities. These innovations provide real-time monitoring, predictive maintenance, and process optimization, making them indispensable in modern manufacturing environments.

Industry Adoption Trends
Adoption rates for advanced accessories have risen significantly, with nearly 55% of mid to large-scale enterprises expanding their usage. The increasing need for high-volume production with reduced error margins has pushed industries to invest more in accessories that deliver durability, accuracy, and flexibility across multiple machining operations.

  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 End User
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Application
    5. Market Snapshot, By Machine Type
    6. Market Snapshot, By Region
  4. Metalworking Machinery Accessories Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial automation growth.
        2. Demand for precision.
        3. Technological advancements.
        4. Increasing production capacities.
        5. Efficiency in manufacturing.
      2. Restraints
        1. High initial investment.
        2. Technological complexity.
        3. Regulatory compliance.
        4. Economic downturns.
        5. Supply chain disruptions.
      3. Opportunities
        1. Emerging markets expansion.
        2. Industry 4.0 integration.
        3. Customization demands.
        4. Sustainable manufacturing practices.
        5. Robotics in machining.
    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. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Metalworking Machinery Accessories Market, By Product Type, 2021 - 2031 (USD Million)
      1. Abrasives
        1. Belts
        2. Grinding Stones
        3. Grinding Wheels
      2. Coolants & Lubricants
        1. Neat Oils
        2. Soluble Oils
        3. Synthetic Fluids
      3. Cutting Tools
        1. Drills
        2. End Mills
        3. Inserts
        4. Taps
      4. Tooling Systems
        1. Arbors
        2. Collets
        3. Tool Holders
      5. Workholding
        1. Chucks
        2. Fixtures
        3. Vices
    2. Metalworking Machinery Accessories Market, By End User, 2021 - 2031 (USD Million)
      1. Aerospace
      2. Automotive
      3. Electronics
      4. Energy
      5. General Manufacturing
      6. Medical Devices
    3. Metalworking Machinery Accessories Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Distributors
      2. E-Commerce Platforms
        1. Company Websites
        2. Third-Party Marketplaces
      3. Independent Aftermarket Dealers
      4. OEM Direct
    4. Metalworking Machinery Accessories Market, By Application, 2021 - 2031 (USD Million)
      1. Finishing
        1. Coating
        2. Deburring
        3. Polishing
      2. Forming
        1. Bending
        2. Extrusion
        3. Stamping
      3. Machining
        1. Drilling
        2. Grinding
        3. Milling
        4. Turning
    5. Metalworking Machinery Accessories Market, By Machine Type, 2021 - 2031 (USD Million)
      1. CNC Milling Machines
      2. CNC Turning Machines
      3. Drilling Machines
      4. Grinding Machines
      5. Laser Cutting Machines
      6. Waterjet Machines
    6. Metalworking Machinery Accessories Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
        5. Competitive Landscape
  6. Company Profiles
    1. Sandvik AB
    2. Kennametal Inc.
    3. Mitsubishi Materials Corporation
    4. Sumitomo Electric Industries, Ltd.
    5. Kyocera Corporation
    6. ISCAR Ltd.
    7. OSG Corporation
    8. Nachi-Fujikoshi Corporation
    9. Yamawa Co., Ltd.
    10. Fujimi Incorporated
    11. TRUMPF Group
    12. Amada Co. Ltd.
    13. Komatsu Ltd.
    14. Okuma Corporation
    15. Makino Milling Machine Co.
  7. Analyst Views
  8. Future Outlook of the Market