Market Overview:
The global CNC milling tools market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for precision machining and rising adoption of advanced technologies in various industries. The market is segmented on the basis of type, application, and region. On the basis of type, carbide tools are expected to hold a major share in the global CNC milling tools 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 tools such as diamond or HSS (high-speed steel) tools. Diamond tools are expected to grow at a higher rate than other tool types during the forecast period owing to their superior properties such as hardness, toughness, thermal stability, and chemical resistance. On the basis of application, aerospace is expected to hold a major share in terms of revenue contribution followed by automotive applications during 2018-2030 owingto growing demand for lightweight components across these industries coupled with stringent government regulations mandating useof advanced manufacturing processes and materialsin these sectors .
Product Definition:
CNC Milling Tools are the cutting tools which are used in the CNC milling machines. These tools help to cut the materials into desired shapes and sizes. The importance of these tools is that they help to produce accurate and precise results.
Carbide Tools:
Carbide tools are materials made of carbon and other elements along with some additives. The most common additive is boron which increases hardness and toughness. Carbon is the most widely used element for manufacturing carbide tools because it's easy to procure, can be recycled, and has a high melting point.
Diamond Tools:
Diamond tools are cutting tools made up of high carbon, low alloy and silicon carbide. They are used in various applications such as metal cutting, glass cutting, stone fruits etc. The hardness and toughness of diamond make it suitable for use in masonry materials such as bricks and tiles where high precision is required.
Application Insights:
The general machine manufacturing segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The energy industry is also anticipated to be one of the prominent users of these mills, as they offer cost-effective solutions for machining complex parts with high precision.
Aerospace was the leading end-use segment in 2017 and accounted for a revenue share of more than 30% in that year. The aerospace sector has been witnessing tremendous growth over recent years on account of increasing demand for passenger travel services at low costs and high efficiency levels coupled with technological advancements such as introduction of carbon fiber materials. These factors are likely to drive product demand from this sector over next eight years.
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, such as China, India, and Japan. These countries are witnessing strong economic growth owing to various factors such as increasing population, rising disposable income of consumers and improving standard of living. Growing industrialization coupled with rapid urbanization has resulted in an increased demand for transportation facilities across Asia Pacific countries. This factor is anticipated to boost product demand across numerous end-use industries including energy industry and rail & transportation industry over the next eight years.
The North American regional market accounted for a significant share in terms of revenue generated by machine tools from metal cutting applications segment owing to high manufacturing activities within U.S., which supports product adoption rates significantly higher than other regions globally over last few years (2016 - 2017).
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Rising demand for lightweight and durable components in automotive industry
- Growing popularity of 3D printing technology
- Proliferation of advanced manufacturing technologies
- Rising investments in research and development
Scope Of The Report
Report Attributes
Report Details
Report Title
CNC Milling Tools Market Research Report
By Type
Carbide Tools, Diamond Tools, HSS Tools, Others
By Application
Aerospace, Automotive, Energy Industry, Rail and Transportation Industry, General Machine Manufacturing, Others
By Companies
Komet Group, VARGUS, Johs. Boss GmbH & Co. KG, Dormer Pramet, Hartner, Walter, OSG, Mimatic GmbH, Sandvik Coromant, Seco Tools, Carmex Precision Tools, Carmon, Datron, DIXI Polytool, EMUGE-FRANKEN, Friedrich Gloor AG
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global CNC Milling Tools Market Report Segments:
The global CNC Milling Tools market is segmented on the basis of:
Types
Carbide Tools, Diamond Tools, HSS Tools, Others
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
Aerospace, Automotive, Energy Industry, Rail and Transportation Industry, General Machine Manufacturing, 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:
- Komet Group
- VARGUS
- Johs. Boss GmbH & Co. KG
- Dormer Pramet
- Hartner
- Walter
- OSG
- Mimatic GmbH
- Sandvik Coromant
- Seco Tools
- Carmex Precision Tools
- Carmon
- Datron
- DIXI Polytool
- EMUGE-FRANKEN
- Friedrich Gloor AG
Highlights of The CNC Milling 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:
- Carbide Tools
- Diamond Tools
- HSS Tools
- Others
- By Application:
- Aerospace
- Automotive
- Energy Industry
- Rail and Transportation Industry
- General Machine Manufacturing
- 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 CNC Milling 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
CNC milling tools are machines that use a computer to control the movement of a cutting tool, which is used to create intricate shapes or patterns out of metal.
Some of the major companies in the cnc milling tools market are Komet Group, VARGUS, Johs. Boss GmbH & Co. KG, Dormer Pramet, Hartner, Walter, OSG, Mimatic GmbH, Sandvik Coromant, Seco Tools, Carmex Precision Tools, Carmon, Datron, DIXI Polytool, EMUGE-FRANKEN, Friedrich Gloor AG.
The cnc milling tools market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CNC Milling 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 CNC Milling Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CNC Milling 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 CNC Milling 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 CNC Milling Tools Market Size & Forecast, 2020-2028
4.5.1 CNC Milling Tools Market Size and Y-o-Y Growth
4.5.2 CNC Milling 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 Carbide Tools
5.2.2 Diamond Tools
5.2.3 HSS Tools
5.2.4 Others
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 Aerospace
6.2.2 Automotive
6.2.3 Energy Industry
6.2.4 Rail and Transportation Industry
6.2.5 General Machine Manufacturing
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CNC Milling 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 CNC Milling 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 Carbide Tools
9.6.2 Diamond Tools
9.6.3 HSS Tools
9.6.4 Others
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 Aerospace
9.10.2 Automotive
9.10.3 Energy Industry
9.10.4 Rail and Transportation Industry
9.10.5 General Machine Manufacturing
9.10.6 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 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 Carbide Tools
10.6.2 Diamond Tools
10.6.3 HSS Tools
10.6.4 Others
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 Aerospace
10.10.2 Automotive
10.10.3 Energy Industry
10.10.4 Rail and Transportation Industry
10.10.5 General Machine Manufacturing
10.10.6 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 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 Carbide Tools
11.6.2 Diamond Tools
11.6.3 HSS Tools
11.6.4 Others
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 Aerospace
11.10.2 Automotive
11.10.3 Energy Industry
11.10.4 Rail and Transportation Industry
11.10.5 General Machine Manufacturing
11.10.6 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 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 Carbide Tools
12.6.2 Diamond Tools
12.6.3 HSS Tools
12.6.4 Others
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 Aerospace
12.10.2 Automotive
12.10.3 Energy Industry
12.10.4 Rail and Transportation Industry
12.10.5 General Machine Manufacturing
12.10.6 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) 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 Carbide Tools
13.6.2 Diamond Tools
13.6.3 HSS Tools
13.6.4 Others
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 Aerospace
13.10.2 Automotive
13.10.3 Energy Industry
13.10.4 Rail and Transportation Industry
13.10.5 General Machine Manufacturing
13.10.6 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 CNC Milling Tools Market: Competitive Dashboard
14.2 Global CNC Milling Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Komet Group
14.3.2 VARGUS
14.3.3 Johs. Boss GmbH & Co. KG
14.3.4 Dormer Pramet
14.3.5 Hartner
14.3.6 Walter
14.3.7 OSG
14.3.8 Mimatic GmbH
14.3.9 Sandvik Coromant
14.3.10 Seco Tools
14.3.11 Carmex Precision Tools
14.3.12 Carmon
14.3.13 Datron
14.3.14 DIXI Polytool
14.3.15 EMUGE-FRANKEN
14.3.16 Friedrich Gloor AG
