Market Overview:
The global CBN cutting tool 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 CBN inserts and standard cutting tools in various end-use industries, such as stone and construction, transportation, machinery, electronics and semiconductors, among others. In terms of type, the CBN standard cutting tools segment is expected to hold a larger share of the global market during the forecast period. This can be attributed to their high wear resistance and ability to withstand high temperatures as compared with other types of cutting tools available in the market.
Product Definition:
A CBN Cutting Tool is a tool that is made of a hard, wear-resistant material and that is used to cut or shape other materials. The importance of CBN Cutting Tools lies in their ability to withstand high temperatures and to produce very accurate cuts.
CBN Standard Cutting Tools:
CBN Standard Cutting Tools are manufactured to strict quality control standards. These tools have been designed and developed by using the latest technology with an aim to produce high-quality steel-based cutting tools for use in various applications across the construction industry. CBN standard cutting tools are manufactured from high carbon ferrous alloy (62% carbon, 32% nickel, 4% manganese) that provides superior performance under extreme working conditions as compared to other conventional metal alloys used in similar applications.
CBN Inserts:
CBN inserts are used in the CBN cutting tool to increase its effectiveness. It is a metal insert that is inserted into the end of a chisel or plane iron to provide an effective beveled edge for shaving, planing or cutting flat surfaces. The size and type of CBN inserts vary depending on what kind of tools one plans to use it for; whether it's small hand planes, jointer planes or large power planes.
Application Insights:
Stone and construction was the largest application segment in 2017. The global CBN cutting tool market is expected to witness significant growth owing to rising demand for construction equipment, such as hammer mills, grinders, and saws with cBN content. In addition, increasing use of cBN-based products in road construction activities across the globe is expected to drive product demand over the forecast period.
The transportation segment accounted for a share of 21% in 2017 and is projected to grow at a CAGR exceeding 6% from 2018 to 2030. Increasing production of vehicles & heavy machinery coupled with high urbanization rates across developing countries including China India Brazil Thailand Vietnam Indonesia Philippines will boost industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are experiencing strong economic growth owing to various factors such as low population density; high GDP per capita; rapid industrialization; and increasing foreign investments.
The construction industry in Asia Pacific has witnessed significant growth over the past few years on account of rising infrastructure activities across key sectors, including energy & utilities (power generation), transportation & logistics (ports), manufacturing (factories/plant), oil & gas sector, etc., which will drive demand for CBN tools over the forecast period.
Latin America is anticipated to witness steady growth from 2018 to 2030 due with growing investments by multinational companies for expanding their business operations within Latin America as well as other regions owing high labor costs in Mexico City compared with other cities of Brazil. This factor will boost regional product demand during the estimated time span.
Growth Factors:
- Increasing demand for CBN Cutting Tools from the automotive and aerospace industries due to the superior wear resistance and toughness of CBN as compared to other materials.
- Growing popularity of CBN Cutting Tools among small- and medium-sized businesses due to their lower cost of ownership as compared to diamond tools.
- Rising demand for CBN Cutting Tools in the medical industry due to their ability to cut through hard materials without damaging them.
- increasing research and development spending by tool manufacturers on innovative new products that can take advantage of the unique properties of CBN crystals. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
CBN Cutting Tool Market Research Report
By Type
CBN Standard Cutting Tools, CBN Inserts
By Application
Stone and Construction, Transportation, Machinery, Electronics and Semiconductors, Others
By Companies
Husqvarna Group, Ehwa, Shinhan Diamond, Tyrolit, Hilti, ICS, LEUCO, Asahi Diamond Industrial, Bosun, Bosch Tool, Makita, Hebei XMF Tools, Diamantwerkzeuge und Maschinen, Protech Diamond Tools, Continental Diamond Tool, Jiangsu Huachang, Tokyo Diamond Tools, Disco Diamond Tools, GBS Diamond 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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global CBN Cutting Tool Market Report Segments:
The global CBN Cutting Tool market is segmented on the basis of:
Types
CBN Standard Cutting Tools, CBN Inserts
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
Stone and Construction, Transportation, Machinery, Electronics and Semiconductors, Others
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:
- Husqvarna Group
- Ehwa
- Shinhan Diamond
- Tyrolit
- Hilti
- ICS
- LEUCO
- Asahi Diamond Industrial
- Bosun
- Bosch Tool
- Makita
- Hebei XMF Tools
- Diamantwerkzeuge und Maschinen
- Protech Diamond Tools
- Continental Diamond Tool
- Jiangsu Huachang
- Tokyo Diamond Tools
- Disco Diamond Tools
- GBS Diamond Tools
Highlights of The CBN Cutting Tool 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:
- CBN Standard Cutting Tools
- CBN Inserts
- By Application:
- Stone and Construction
- Transportation
- Machinery
- Electronics and Semiconductors
- Others
- 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 CBN Cutting Tool 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?
CBN Cutting Tool is a special type of tool used for cutting and shaping metal. It has a sharp blade that can easily cut through metal.
Some of the key players operating in the cbn cutting tool market are Husqvarna Group, Ehwa, Shinhan Diamond, Tyrolit, Hilti, ICS, LEUCO, Asahi Diamond Industrial, Bosun, Bosch Tool, Makita, Hebei XMF Tools, Diamantwerkzeuge und Maschinen, Protech Diamond Tools, Continental Diamond Tool, Jiangsu Huachang, Tokyo Diamond Tools, Disco Diamond Tools, GBS Diamond Tools.
The cbn cutting tool market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CBN Cutting Tool 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 CBN Cutting Tool Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 CBN Cutting Tool 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 CBN Cutting Tool 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 CBN Cutting Tool Market Size & Forecast, 2018-2028 4.5.1 CBN Cutting Tool Market Size and Y-o-Y Growth 4.5.2 CBN Cutting Tool Market Absolute $ Opportunity
Chapter 5 Global CBN Cutting Tool 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 CBN Cutting Tool Market Size Forecast by Type
5.2.1 CBN Standard Cutting Tools
5.2.2 CBN Inserts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global CBN Cutting Tool 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 CBN Cutting Tool Market Size Forecast by Applications
6.2.1 Stone and Construction
6.2.2 Transportation
6.2.3 Machinery
6.2.4 Electronics and Semiconductors
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CBN Cutting Tool 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 CBN Cutting Tool 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 CBN Cutting Tool Analysis and Forecast
9.1 Introduction
9.2 North America CBN Cutting Tool 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 CBN Cutting Tool Market Size Forecast by Type
9.6.1 CBN Standard Cutting Tools
9.6.2 CBN Inserts
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 CBN Cutting Tool Market Size Forecast by Applications
9.10.1 Stone and Construction
9.10.2 Transportation
9.10.3 Machinery
9.10.4 Electronics and Semiconductors
9.10.5 Others
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 CBN Cutting Tool Analysis and Forecast
10.1 Introduction
10.2 Europe CBN Cutting Tool 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 CBN Cutting Tool Market Size Forecast by Type
10.6.1 CBN Standard Cutting Tools
10.6.2 CBN Inserts
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 CBN Cutting Tool Market Size Forecast by Applications
10.10.1 Stone and Construction
10.10.2 Transportation
10.10.3 Machinery
10.10.4 Electronics and Semiconductors
10.10.5 Others
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 CBN Cutting Tool Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific CBN Cutting Tool 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 CBN Cutting Tool Market Size Forecast by Type
11.6.1 CBN Standard Cutting Tools
11.6.2 CBN Inserts
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 CBN Cutting Tool Market Size Forecast by Applications
11.10.1 Stone and Construction
11.10.2 Transportation
11.10.3 Machinery
11.10.4 Electronics and Semiconductors
11.10.5 Others
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 CBN Cutting Tool Analysis and Forecast
12.1 Introduction
12.2 Latin America CBN Cutting Tool 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 CBN Cutting Tool Market Size Forecast by Type
12.6.1 CBN Standard Cutting Tools
12.6.2 CBN Inserts
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 CBN Cutting Tool Market Size Forecast by Applications
12.10.1 Stone and Construction
12.10.2 Transportation
12.10.3 Machinery
12.10.4 Electronics and Semiconductors
12.10.5 Others
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) CBN Cutting Tool Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) CBN Cutting Tool 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) CBN Cutting Tool Market Size Forecast by Type
13.6.1 CBN Standard Cutting Tools
13.6.2 CBN Inserts
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) CBN Cutting Tool Market Size Forecast by Applications
13.10.1 Stone and Construction
13.10.2 Transportation
13.10.3 Machinery
13.10.4 Electronics and Semiconductors
13.10.5 Others
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 CBN Cutting Tool Market: Competitive Dashboard
14.2 Global CBN Cutting Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Husqvarna Group
14.3.2 Ehwa
14.3.3 Shinhan Diamond
14.3.4 Tyrolit
14.3.5 Hilti
14.3.6 ICS
14.3.7 LEUCO
14.3.8 Asahi Diamond Industrial
14.3.9 Bosun
14.3.10 Bosch Tool
14.3.11 Makita
14.3.12 Hebei XMF Tools
14.3.13 Diamantwerkzeuge und Maschinen
14.3.14 Protech Diamond Tools
14.3.15 Continental Diamond Tool
14.3.16 Jiangsu Huachang
14.3.17 Tokyo Diamond Tools
14.3.18 Disco Diamond Tools
14.3.19 GBS Diamond Tools