Market Overview:
The global face milling cutter 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 face milling cutters from various end-use industries, such as automobile, shipping, equipment manufacturing, metal processing and material processing. In addition, the growing demand for precision machining across different industrial sectors is also contributing to the growth of this market. Based on type, coarse teeth face milling cutter segment is projected to hold a dominant position in the global face milling cutter market during the forecast period from 2018 to 2030. This can be attributed to its ability to provide high material removal rates as compared with other types of face milling cutters available in the market.
Product Definition:
A face milling cutter is a milling cutter that has cutting teeth on its circumference. It is used to machine flat surfaces on a workpiece.
Coarse Teeth Face Milling Cutter:
Coarse teeth face milling cutter is used for removing the outer layer of the skin in a precise manner. The device consists of two metal wheels connected by an arm, which can be moved forward and backward and also left to right through the use of hand crank. The wheel with higher number of teeth is stationary while other one is turned using hand crank, thereby making cutouts in the skin.
Serration Face Milling Cutter:
The serration face milling cutter is used to cut the material in a smooth and precise manner. It is mainly used for cutting metal but can also be used for cutting wood, plastic, stone or any other hard surface. The serrated face milling cutter has different types of cuts depending on the materials that are being processed.
Application Insights:
The equipment manufacturing industry led the market and accounted for more than a 25% share of the global revenue in 2017. The growth is attributed to increasing demand for face mills from construction, mining, agriculture and other sectors. Face milling cutters are used to produce high-quality steel with minimal waste. They help reduce costs by producing high-performance steel with less energy consumption and emission.
The automotive industry is anticipated to be one of the fastest growing application industries over the forecast period owing to rising demand for electric vehicles across various regions including Asia Pacific, North America and Europe. In addition, technological advancements such as 3D printing will further boost product adoption in this sector over the coming years. Moreover, face milling cutters have numerous applications such as gear tooth grinding/sanding; surface finish grinding; cold or hot cutting; drilling & tapping; broaching & threading etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to a large number of players and high competition. In addition, rising demand for steel with improved quality due to increased use in various applications is anticipated to drive the product demand over the forecast period.
Asia Pacific is expected to grow at a significant rate over the forecast period owing to increasing investments by domestic as well as foreign players for expanding their business operations in this region due its cheap labor cost and availability of raw material supply at lower costs than other regions, thus making it attractive for manufacturing companies based on revenue generated from sales & distribution or manufacturing activities rather than profits made from these activities alone. This has resulted into an increase in new equipment installation especially milling machines across numerous industries such as automotive, shipping industry, etc.
Growth Factors:
- Increasing demand for miniaturization in the electronics industry
- Growing trend of using face milling cutters for high precision machining applications
- Rising demand from the automotive sector for lightweight and fuel-efficient vehicles
- Proliferation of 3D printing technology that requires precise machining of metal parts
- Growing popularity of computer numerical control (CNC) machines among small and medium-sized businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Face Milling Cutter Market Research Report
By Type
Coarse Teeth Face Milling Cutter, Serration Face Milling Cutter
By Application
Automobile Industry, Shipping Industry, Equipment Manufacturing, Metal Processing, Material Processing, Other
By Companies
ALPEN-MAYKESTAG, ATA Group, B.g. Bertuletti, Bordo Industrial Pty ltd, Carbidex, Carmon, DC Swiss, DIAGER INDUSTRIE, DIXI Polytool, Dongguan Koves Cutting Tool, ALPEN-MAYKESTAG, Dormer Pramet, Echaintool Industry, EMUGE FRANKEN, Euroboor BV., GERIMA GmbH, Granlund Tools, GUHRING, HAM Precision Tools, HITACHI TOOL, Hufschmied Zerspanungssysteme
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Face Milling Cutter Market Report Segments:
The global Face Milling Cutter market is segmented on the basis of:
Types
Coarse Teeth Face Milling Cutter, Serration Face Milling Cutter
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
Automobile Industry, Shipping Industry, Equipment Manufacturing, Metal Processing, Material Processing, Other
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:
- ALPEN-MAYKESTAG
- ATA Group
- B.g. Bertuletti
- Bordo Industrial Pty ltd
- Carbidex
- Carmon
- DC Swiss
- DIAGER INDUSTRIE
- DIXI Polytool
- Dongguan Koves Cutting Tool
- ALPEN-MAYKESTAG
- Dormer Pramet
- Echaintool Industry
- EMUGE FRANKEN
- Euroboor BV.
- GERIMA GmbH
- Granlund Tools
- GUHRING
- HAM Precision Tools
- HITACHI TOOL
- Hufschmied Zerspanungssysteme
Highlights of The Face Milling Cutter 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:
- Coarse Teeth Face Milling Cutter
- Serration Face Milling Cutter
- By Application:
- Automobile Industry
- Shipping Industry
- Equipment Manufacturing
- Metal Processing
- Material Processing
- Other
- 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 Face Milling Cutter 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.
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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?
A face milling cutter is a machine that uses rotary blades to cut the surface of a workpiece. This type of cutter is often used in manufacturing and engineering applications, such as metalworking, plastics processing, and printing.
Some of the key players operating in the face milling cutter market are ALPEN-MAYKESTAG, ATA Group, B.g. Bertuletti, Bordo Industrial Pty ltd, Carbidex, Carmon, DC Swiss, DIAGER INDUSTRIE, DIXI Polytool, Dongguan Koves Cutting Tool, ALPEN-MAYKESTAG, Dormer Pramet, Echaintool Industry, EMUGE FRANKEN, Euroboor BV., GERIMA GmbH, Granlund Tools, GUHRING, HAM Precision Tools, HITACHI TOOL, Hufschmied Zerspanungssysteme.
The face milling cutter 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 Face Milling Cutter 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 Face Milling Cutter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Face Milling Cutter 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 Face Milling Cutter 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 Face Milling Cutter Market Size & Forecast, 2018-2028
4.5.1 Face Milling Cutter Market Size and Y-o-Y Growth
4.5.2 Face Milling Cutter Market Absolute $ Opportunity
Chapter 5 Global Face Milling Cutter 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 Face Milling Cutter Market Size Forecast by Type
5.2.1 Coarse Teeth Face Milling Cutter
5.2.2 Serration Face Milling Cutter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Face Milling Cutter 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 Face Milling Cutter Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Shipping Industry
6.2.3 Equipment Manufacturing
6.2.4 Metal Processing
6.2.5 Material Processing
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Face Milling Cutter 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 Face Milling Cutter 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 Face Milling Cutter Analysis and Forecast
9.1 Introduction
9.2 North America Face Milling Cutter 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 Face Milling Cutter Market Size Forecast by Type
9.6.1 Coarse Teeth Face Milling Cutter
9.6.2 Serration Face Milling Cutter
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 Face Milling Cutter Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Shipping Industry
9.10.3 Equipment Manufacturing
9.10.4 Metal Processing
9.10.5 Material Processing
9.10.6 Other
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 Face Milling Cutter Analysis and Forecast
10.1 Introduction
10.2 Europe Face Milling Cutter 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 Face Milling Cutter Market Size Forecast by Type
10.6.1 Coarse Teeth Face Milling Cutter
10.6.2 Serration Face Milling Cutter
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 Face Milling Cutter Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Shipping Industry
10.10.3 Equipment Manufacturing
10.10.4 Metal Processing
10.10.5 Material Processing
10.10.6 Other
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 Face Milling Cutter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Face Milling Cutter 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 Face Milling Cutter Market Size Forecast by Type
11.6.1 Coarse Teeth Face Milling Cutter
11.6.2 Serration Face Milling Cutter
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 Face Milling Cutter Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Shipping Industry
11.10.3 Equipment Manufacturing
11.10.4 Metal Processing
11.10.5 Material Processing
11.10.6 Other
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 Face Milling Cutter Analysis and Forecast
12.1 Introduction
12.2 Latin America Face Milling Cutter 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 Face Milling Cutter Market Size Forecast by Type
12.6.1 Coarse Teeth Face Milling Cutter
12.6.2 Serration Face Milling Cutter
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 Face Milling Cutter Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Shipping Industry
12.10.3 Equipment Manufacturing
12.10.4 Metal Processing
12.10.5 Material Processing
12.10.6 Other
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) Face Milling Cutter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Face Milling Cutter 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) Face Milling Cutter Market Size Forecast by Type
13.6.1 Coarse Teeth Face Milling Cutter
13.6.2 Serration Face Milling Cutter
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) Face Milling Cutter Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Shipping Industry
13.10.3 Equipment Manufacturing
13.10.4 Metal Processing
13.10.5 Material Processing
13.10.6 Other
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 Face Milling Cutter Market: Competitive Dashboard
14.2 Global Face Milling Cutter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALPEN-MAYKESTAG
14.3.2 ATA Group
14.3.3 B.g. Bertuletti
14.3.4 Bordo Industrial Pty ltd
14.3.5 Carbidex
14.3.6 Carmon
14.3.7 DC Swiss
14.3.8 DIAGER INDUSTRIE
14.3.9 DIXI Polytool
14.3.10 Dongguan Koves Cutting Tool
14.3.11 ALPEN-MAYKESTAG
14.3.12 Dormer Pramet
14.3.13 Echaintool Industry
14.3.14 EMUGE FRANKEN
14.3.15 Euroboor BV.
14.3.16 GERIMA GmbH
14.3.17 Granlund Tools
14.3.18 GUHRING
14.3.19 HAM Precision Tools
14.3.20 HITACHI TOOL
14.3.21 Hufschmied Zerspanungssysteme
