Market Overview:
The global carbide tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for carbide tools in various applications, such as engraving, chamfering, cutting, drilling, grooving and milling. In addition, the growing demand for machining of threads is also contributing to the growth of this market. Based on type, tungsten carbide is expected to account for a major share of the global carbide tools market during the forecast period. This can be attributed to its superior properties such as hardness and wear resistance as compared with other types of carbides.
Product Definition:
A tool made of tungsten carbide, used especially for cutting hard materials.
Aluminium Carbide:
Aluminium carbide is a compound of Al and C. It has high abrasive properties, hardness, and density. The product is used in industries such as automotive, aerospace & defense, construction equipment industry for machining purposes on account of its superior characteristics including wear resistance and corrosion resistance.
The global demand for the product was estimated to be 1 million tons in 2015 with majority share being consumed by China on account of growing end-use industries there.
Calcium Carbide:
Calcium carbide is a chemical compound, which occurs in nature as the mineral caribouite. It has a color similar to charcoal and is very hard. The pure form of calcium carbide has a crystalline structure like other minerals such as quartz and agate. However, it can be manufactured by heating calcium carbonate (CaCO3) with high temperature and pressure in an electric furnace or gas-fired kiln for several hours until the mixture attains melting point.
Application Insights:
The drilling application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising demand for carbon tools in oil & gas industry is attributed to its increasing use in shale gas exploration activities. Moreover, increasing investments by various governments for developing shale gas reserves are expected to drive the growth further.
Carbon tools are used extensively across several industries including automotive, construction, aerospace & defense and energy owing to their properties such as high wear resistance and hardness which make them ideal for machining critical components of these applications on a daily basis. In addition, they also have excellent cutting edge retention which enables high tool life with minimal resharpening intervals thereby boosting their adoption across several industries worldwide over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing demand for high-quality tools from various industries including automotive, aerospace & defense, construction, electrical & electronics among others. The region has witnessed significant growth in the manufacturing sector over the past few years which is likely to boost product demand in near future.
The growing number of manufacturers coupled with rising exports from Asia Pacific countries such as Japan and China are anticipated to drive industry expansion over the forecast period. In addition, increasing foreign investments coupled with government support are projecteded driving industry growth in this region over next eight years. For instance; In July 2017; Sichuan Tianzhan Electronics Co., Ltd., an arm of TZM Group invested USD X million for acquiring controlling stake in Taiwan Carbide Company Limited (TCCL).
Growth Factors:
- Increasing demand for machining in the automotive and aerospace industries
- Growing demand for smaller, more precise tools
- Advances in tool materials and coatings that improve performance and extend tool life
- Development of new applications for carbide tools, such as in medical implants and wind turbines
- Greater use of computer-aided design (CAD) software to optimize tool selection and usage
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbide Tools Market Research Report
By Type
Aluminium Carbide, Calcium Carbide, Silicon Carbide, Tungsten Carbide, Iron Carbide
By Application
Engraving, Chamfering, Cutting, Drilling, Grooving, Milling, Machining of Threads
By Companies
Advent Tool & Manufacturing, Best Carbide Cutting Tools, Garr Tool, Mitsubishi Materials, Ingersoll Cutting Tool, Ceratizit, Vhf Camfacture, Rock River Tool, SGS Tool, Carbide Tools Manufacturing, Advent Tool & Manufacturing, Global Excel Tools Manufacturing, Promax Tools
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Carbide Tools Market Report Segments:
The global Carbide Tools market is segmented on the basis of:
Types
Aluminium Carbide, Calcium Carbide, Silicon Carbide, Tungsten Carbide, Iron Carbide
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.
Applications
Engraving, Chamfering, Cutting, Drilling, Grooving, Milling, Machining of Threads
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:
- Advent Tool & Manufacturing
- Best Carbide Cutting Tools
- Garr Tool
- Mitsubishi Materials
- Ingersoll Cutting Tool
- Ceratizit
- Vhf Camfacture
- Rock River Tool
- SGS Tool
- Carbide Tools Manufacturing
- Advent Tool & Manufacturing
- Global Excel Tools Manufacturing
- Promax Tools
Highlights of The Carbide Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminium Carbide
- Calcium Carbide
- Silicon Carbide
- Tungsten Carbide
- Iron Carbide
- By Application:
- Engraving
- Chamfering
- Cutting
- Drilling
- Grooving
- Milling
- Machining of Threads
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carbide 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carbide Tools is a manufacturer of high-quality cutting tools and accessories for the woodworking, metalworking, and construction industries. Carbide offers a wide range of products that include hand tools, power tools, jigs and fixtures, and more.
Some of the key players operating in the carbide tools market are Advent Tool & Manufacturing, Best Carbide Cutting Tools, Garr Tool, Mitsubishi Materials, Ingersoll Cutting Tool, Ceratizit, Vhf Camfacture, Rock River Tool, SGS Tool, Carbide Tools Manufacturing, Advent Tool & Manufacturing, Global Excel Tools Manufacturing, Promax Tools.
The carbide tools market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbide Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carbide Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbide Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carbide Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carbide Tools Market Size & Forecast, 2020-2028
4.5.1 Carbide Tools Market Size and Y-o-Y Growth
4.5.2 Carbide Tools Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Aluminium Carbide
5.2.2 Calcium Carbide
5.2.3 Silicon Carbide
5.2.4 Tungsten Carbide
5.2.5 Iron Carbide
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Engraving
6.2.2 Chamfering
6.2.3 Cutting
6.2.4 Drilling
6.2.5 Grooving
6.2.6 Milling
6.2.7 Machining of Threads
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbide Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carbide Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Aluminium Carbide
9.6.2 Calcium Carbide
9.6.3 Silicon Carbide
9.6.4 Tungsten Carbide
9.6.5 Iron Carbide
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Engraving
9.10.2 Chamfering
9.10.3 Cutting
9.10.4 Drilling
9.10.5 Grooving
9.10.6 Milling
9.10.7 Machining of Threads
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Aluminium Carbide
10.6.2 Calcium Carbide
10.6.3 Silicon Carbide
10.6.4 Tungsten Carbide
10.6.5 Iron Carbide
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Engraving
10.10.2 Chamfering
10.10.3 Cutting
10.10.4 Drilling
10.10.5 Grooving
10.10.6 Milling
10.10.7 Machining of Threads
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Aluminium Carbide
11.6.2 Calcium Carbide
11.6.3 Silicon Carbide
11.6.4 Tungsten Carbide
11.6.5 Iron Carbide
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Engraving
11.10.2 Chamfering
11.10.3 Cutting
11.10.4 Drilling
11.10.5 Grooving
11.10.6 Milling
11.10.7 Machining of Threads
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Aluminium Carbide
12.6.2 Calcium Carbide
12.6.3 Silicon Carbide
12.6.4 Tungsten Carbide
12.6.5 Iron Carbide
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Engraving
12.10.2 Chamfering
12.10.3 Cutting
12.10.4 Drilling
12.10.5 Grooving
12.10.6 Milling
12.10.7 Machining of Threads
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Aluminium Carbide
13.6.2 Calcium Carbide
13.6.3 Silicon Carbide
13.6.4 Tungsten Carbide
13.6.5 Iron Carbide
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Engraving
13.10.2 Chamfering
13.10.3 Cutting
13.10.4 Drilling
13.10.5 Grooving
13.10.6 Milling
13.10.7 Machining of Threads
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carbide Tools Market: Competitive Dashboard
14.2 Global Carbide Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advent Tool & Manufacturing
14.3.2 Best Carbide Cutting Tools
14.3.3 Garr Tool
14.3.4 Mitsubishi Materials
14.3.5 Ingersoll Cutting Tool
14.3.6 Ceratizit
14.3.7 Vhf Camfacture
14.3.8 Rock River Tool
14.3.9 SGS Tool
14.3.10 Carbide Tools Manufacturing
14.3.11 Advent Tool & Manufacturing
14.3.12 Global Excel Tools Manufacturing
14.3.13 Promax Tools
