Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global External Turning Tools Market by Type (Parting Off, Grooving, Threading, End Milling, Drilling), By Application (Automotive, Construction) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global External Turning Tools Market by Type (Parting Off, Grooving, Threading, End Milling, Drilling), By Application (Automotive, Construction) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 134915 3300 Machinery & Equipment 377 232 Pages 4.6 (46)

Market Overview:

The global external turning tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automotive and construction applications across the globe. In terms of type, the parting off segment is expected to hold a major share of the global external turning tools market during the forecast period. This can be attributed to its growing demand in automotive and construction applications. Regionally, North America is expected to lead the global external turning tools market during the forecast period, followed by Europe and Asia Pacific.

Global External Turning Tools Industry Outlook

Product Definition:

External turning tools are those used to turn the outside diameter of a workpiece. They are typically made of tool steel and have cutting edges that face the workpiece. External turning is commonly used to create cylindrical shapes or to produce straight, smooth surfaces on a workpiece.

Parting Off:

Parting off is the process of extracting metal from a workpiece by using high speed air or water. This process is used in various industries such as automotive, aerospace and defense, construction equipment industry etc. The growth factor for Parting off tools market depends on factors such as growing demand from end-use industries and advancement in technology among others.


Grooving is a machining process of creating a channel or series of channels in the work piece by using high speed and high pressure. It is mainly used to form channels in wood, plastic, fiberglass composite materials and composites made from metals such as aluminum & steel. Grooves are also formed in metal parts during the manufacturing process known as die casting or drawing out.

Application Insights:

The automotive segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of passenger cars and light commercial vehicles across the globe, especially in emerging economies such as China, India and Brazil. In addition, technological advancements such as 3D printing are anticipated to augment product demand in this application segment over the coming years.

The construction sector is expected to register a significant growth rate owing to rapid urbanization along with industrial development & infrastructure spending in developing countries including China, India and Brazil. Moreover, favorable government policies related to housing & real estate along with rising disposable income levels will boost industry expansion over the forecast period.

Regional Analysis:

Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The region’s growth can be attributed to increasing foreign investments in developing infrastructure and manufacturing facilities in countries such as China, India, Japan, and South Korea. In addition, rising demand for consumer electronics including smartphones and laptops is expected to drive product demand over the next eight years.

The construction industry has witnessed significant growth across Asia Pacific owing to rapid urbanization coupled with growing population in emerging economies of China and India. This trend is projected to continue driving infrastructure development activities which will augment market growth further on account of increased use of turning tools for drilling holes through various materials such as steel plate/plateau (AISI), concrete block (MMCM), brick masonry units (CMU) etc.

Growth Factors:

  • Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the growth of external turning tools market.
  • Growing demand for lightweight and fuel-efficient vehicles is also anticipated to boost the market growth.
  • Rising trend of miniaturization in automotive industry is projected to propel the use of external turning tools over the forecast period.
  • Increasing penetration of electric vehicles across different geographies is expected to create new opportunities for external turning tools market during the forecast period.
  • Technological advancements such as introduction of advanced materials and coatings are likely to provide impetus to the growth of this market during the forecast period

Scope Of The Report

Report Attributes

Report Details

Report Title

External Turning Tools Market Research Report

By Type

Parting Off, Grooving, Threading, End Milling, Drilling

By Application

Automotive, Construction

By Companies

Sandvik, Mitsubishi Materials, WhizCut, Ingersoll Cutting Tool, KOMET, KYOCERA, Kennametal, Winstar Cutting, Widia, IZAR CUTTING TOOLS, Arno, Sumitomo Electric, Swiss Tool Systems, ISCAR, Seco Tools, Shan Gin Cutting Tools, Palbit, Ceratizit

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global External Turning Tools Market Report Segments:

The global External Turning Tools market is segmented on the basis of:


Parting Off, Grooving, Threading, End Milling, Drilling

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Automotive, Construction

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Sandvik
  2. Mitsubishi Materials
  3. WhizCut
  4. Ingersoll Cutting Tool
  5. KOMET
  7. Kennametal
  8. Winstar Cutting
  9. Widia
  11. Arno
  12. Sumitomo Electric
  13. Swiss Tool Systems
  14. ISCAR
  15. Seco Tools
  16. Shan Gin Cutting Tools
  17. Palbit
  18. Ceratizit

Global External Turning Tools Market Overview

Highlights of The External Turning Tools Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Parting Off
    2. Grooving
    3. Threading
    4. End Milling
    5. Drilling
  1. By Application:

    1. Automotive
    2. Construction
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the External Turning Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
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Global External Turning Tools Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

External turning tools are a type of power tool that use an external motor to turn the blade. They are often used in construction, demolition, and agriculture.

Some of the major players in the external turning tools market are Sandvik, Mitsubishi Materials, WhizCut, Ingersoll Cutting Tool, KOMET, KYOCERA, Kennametal, Winstar Cutting, Widia, IZAR CUTTING TOOLS, Arno, Sumitomo Electric, Swiss Tool Systems, ISCAR, Seco Tools, Shan Gin Cutting Tools, Palbit, Ceratizit.

The external turning tools market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. External Turning Tools Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. External Turning Tools Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. External Turning Tools Market - Supply Chain
   4.5. Global External Turning Tools Market Forecast
      4.5.1. External Turning Tools Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. External Turning Tools Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. External Turning Tools Market Absolute $ Opportunity

5. Global External Turning Tools Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. External Turning Tools Market Size and Volume Forecast by Type
      5.3.1. Parting Off
      5.3.2. Grooving
      5.3.3. Threading
      5.3.4. End Milling
      5.3.5. Drilling
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global External Turning Tools Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. External Turning Tools Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Construction
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global External Turning Tools Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. External Turning Tools Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global External Turning Tools Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. External Turning Tools Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global External Turning Tools Demand Share Forecast, 2019-2029

9. North America External Turning Tools Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America External Turning Tools Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America External Turning Tools Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Construction
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America External Turning Tools Market Size and Volume Forecast by Type
      9.7.1. Parting Off
      9.7.2. Grooving
      9.7.3. Threading
      9.7.4. End Milling
      9.7.5. Drilling
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America External Turning Tools Demand Share Forecast, 2019-2029

10. Latin America External Turning Tools Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America External Turning Tools Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America External Turning Tools Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Construction
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America External Turning Tools Market Size and Volume Forecast by Type
      10.7.1. Parting Off
      10.7.2. Grooving
      10.7.3. Threading
      10.7.4. End Milling
      10.7.5. Drilling
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America External Turning Tools Demand Share Forecast, 2019-2029

11. Europe External Turning Tools Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe External Turning Tools Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe External Turning Tools Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Construction
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe External Turning Tools Market Size and Volume Forecast by Type
      11.7.1. Parting Off
      11.7.2. Grooving
      11.7.3. Threading
      11.7.4. End Milling
      11.7.5. Drilling
   11.8. Basis Point Share (BPS) Analysis by Type
   11.. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe External Turning Tools Demand Share, 2019-2029

12. Asia Pacific External Turning Tools Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific External Turning Tools Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific External Turning Tools Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Construction
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific External Turning Tools Market Size and Volume Forecast by Type
      12.7.1. Parting Off
      12.7.2. Grooving
      12.7.3. Threading
      12.7.4. End Milling
      12.7.5. Drilling
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific External Turning Tools Demand Share, 2019-2029

13. Middle East & Africa External Turning Tools Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa External Turning Tools Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa External Turning Tools Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Construction
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa External Turning Tools Market Size and Volume Forecast by Type
      13.7.1. Parting Off
      13.7.2. Grooving
      13.7.3. Threading
      13.7.4. End Milling
      13.7.5. Drilling
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa External Turning Tools Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global External Turning Tools Market: Market Share Analysis
   14.2. External Turning Tools Distributors and Customers
   14.3. External Turning Tools Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Sandvik Overview Financials Developments Strategic Outlook
      14.4.2. Mitsubishi Materials Overview Financials Developments Strategic Outlook
      14.4.3. WhizCut Overview Financials Developments Strategic Outlook
      14.4.4. Ingersoll Cutting Tool Overview Financials Developments Strategic Outlook
      14.4.5. KOMET Overview Financials Developments Strategic Outlook
      14.4.6. KYOCERA Overview Financials Developments Strategic Outlook
      14.4.7. Kennametal Overview Financials Developments Strategic Outlook
      14.4.8. Winstar Cutting Overview Financials Developments Strategic Outlook
      14.4.9. Widia Overview Financials Developments Strategic Outlook
      14.4.10. IZAR CUTTING TOOLS Overview Financials Developments Strategic Outlook
      14.4.11. Arno Overview Financials Developments Strategic Outlook
      14.4.12. Sumitomo Electric Overview Financials Developments Strategic Outlook
      14.4.13. Swiss Tool Systems Overview Financials Developments Strategic Outlook
      14.4.14. ISCAR Overview Financials Developments Strategic Outlook
      14.4.15. Seco Tools Overview Financials Developments Strategic Outlook
      14.4.16. Shan Gin Cutting Tools Overview Financials Developments Strategic Outlook
      14.4.17. Palbit Overview Financials Developments Strategic Outlook
      14.4.18. Ceratizit Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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