Market Overview:
The global tungsten carbide burrs 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 tungsten carbide burrs in various applications, such as metalwork, tool making, model engineering, wood carving, jewellery making, welding and casting. In addition, the growing demand for medical applications is also contributing to the growth of the global tungsten carbide burrs market. However, factors such as high price and limited supply are restraining the growth of this market.
Product Definition:
A tungsten carbide burr is a small, conical tool used for grinding and shaping hard materials. It is made of tungsten carbide, a tough and durable material that can withstand high temperatures and wear. Tungsten carbide burrs are often used to grind down metal surfaces or to create intricate shapes in hard materials.
Diameter: 3 mm:
Diameter: 3 mm, it's usage.
The diameter of the tungsten carbide burr is a key parameter that defines its size and shape. The larger the diameter, the longer and thinner will be the burr. Diameters below 6mm are used for hobby purposes only; diameters between 6-10mm are mostly preferred by manufacturers due to their availability in various sizes as per requirement.
Diameter: 4 mm:
Diameter: 4 mm is the cut-out section of a tungsten carbide burr. Diameter: 4mm is used in Tungsten Carbide Burrs market as it provides four times more cutting area than the commonly used round nose or hexagonal nose tungsten carbide burrs. The increased area allows for better control while machining and also reduces the possibility of breakage, which makes it suitable to be used in high volume production situations.
Application Insights:
The metalwork application segment led the global tungsten carbide burrs market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The use of TCD Burrs for sharpening tools, which are used in industries such as construction, automotive, medical equipment and aerospace among others has resulted in high product demand.
The woodcarving application segment is expected to witness significant growth over the forecast period owing to rising demand for decorative wooden products from end-use industries including furniture and bedding design as well as interior decoration applications. Growing popularity of ¢â‚¬Ëœrustic¢â‚¬â„¢ look in residential & commercial projects including hotels, restaurants and museums coupled with increasing consumer spending on home dƒ©cor is likely to boost product penetration across this sector significantly over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major tungsten carbide burr manufacturers in China, India, Japan and South Korea has contributed to this growth. Increasing demand for automobiles from developing countries such as India, Indonesia and Thailand is also likely to boost product demand during the forecast period.
North America accounted for a significant share of global revenue owing to high metalworking machinery production coupled with growing investments by prominent players in this region. For instance, In January 2016, HSS Tools Inc., a U.S.-based manufacturer announced about entering into a partnership with Sargent Metal Fabricators Ltd., an Indian company that deals primarily in metal cutting machines used by machine shops across various industries including automotive and aerospace among others).
Growth Factors:
- Increasing demand from the automotive and aerospace industries for tungsten carbide burrs as a result of their superior wear resistance and hardness.
- Growing popularity of tungsten carbide burrs among DIY enthusiasts and hobbyists for use in woodworking, metalworking, and other applications.
- Rising demand from the medical industry for tungsten carbide burrs as surgical instruments owing to their high strength and toughness.
- Increasing adoption of tungsten carbide burrs in manufacturing processes due to their ability to produce high-quality finishes on products with minimal damage to the underlying material surface.
- Technological advancements that have led to the development of new grades of tungsten carbide burrs with improved performance characteristics, such as higher wear resistance and corrosion resistance
Scope Of The Report
Report Attributes
Report Details
Report Title
Tungsten Carbide Burrs Market Research Report
By Type
Diameter: 3 mm, Diameter: 4 mm, Diameter: 5 mm, Diameter: 6 mm, Diameter: 8 mm, Diameter: 10 mm, Diameter: 12 mm, Diameter: 16 mm, Others
By Application
Metalwork, Tool Making, Model Engineering, Wood Carving, Jewellery Making, Welding, Casting, Medical, Others
By Companies
Ifanger AG, Miranda Tools, RUKO GmbH, HORICO, NTI-Kahla, York, Bahco, ATA Group, Abrasive Finishing Systems Ltd, Tunco Manufacturing Inc., Sonepar, August Rüggeberg GmbH & Co. KG
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Tungsten Carbide Burrs Market Report Segments:
The global Tungsten Carbide Burrs market is segmented on the basis of:
Types
Diameter: 3 mm, Diameter: 4 mm, Diameter: 5 mm, Diameter: 6 mm, Diameter: 8 mm, Diameter: 10 mm, Diameter: 12 mm, Diameter: 16 mm, 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
Metalwork, Tool Making, Model Engineering, Wood Carving, Jewellery Making, Welding, Casting, Medical, 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:
- Ifanger AG
- Miranda Tools
- RUKO GmbH
- HORICO
- NTI-Kahla
- York
- Bahco
- ATA Group
- Abrasive Finishing Systems Ltd
- Tunco Manufacturing Inc.
- Sonepar
- August Rüggeberg GmbH & Co. KG
Highlights of The Tungsten Carbide Burrs 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:
- Diameter: 3 mm
- Diameter: 4 mm
- Diameter: 5 mm
- Diameter: 6 mm
- Diameter: 8 mm
- Diameter: 10 mm
- Diameter: 12 mm
- Diameter: 16 mm
- Others
- By Application:
- Metalwork
- Tool Making
- Model Engineering
- Wood Carving
- Jewellery Making
- Welding
- Casting
- Medical
- 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 Tungsten Carbide Burrs 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?
Tungsten carbide burrs are a type of cutting tool that is made from tungsten carbide. They are used to cut materials such as metal, plastic, and other materials.
Some of the major players in the tungsten carbide burrs market are Ifanger AG, Miranda Tools, RUKO GmbH, HORICO, NTI-Kahla, York, Bahco, ATA Group, Abrasive Finishing Systems Ltd, Tunco Manufacturing Inc., Sonepar, August R¼ggeberg GmbH & Co. KG.
The tungsten carbide burrs 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 Tungsten Carbide Burrs 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 Tungsten Carbide Burrs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tungsten Carbide Burrs 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 Tungsten Carbide Burrs 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 Tungsten Carbide Burrs Market Size & Forecast, 2020-2028
4.5.1 Tungsten Carbide Burrs Market Size and Y-o-Y Growth
4.5.2 Tungsten Carbide Burrs 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 Diameter: 3 mm
5.2.2 Diameter: 4 mm
5.2.3 Diameter: 5 mm
5.2.4 Diameter: 6 mm
5.2.5 Diameter: 8 mm
5.2.6 Diameter: 10 mm
5.2.7 Diameter: 12 mm
5.2.8 Diameter: 16 mm
5.2.9 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 Metalwork
6.2.2 Tool Making
6.2.3 Model Engineering
6.2.4 Wood Carving
6.2.5 Jewellery Making
6.2.6 Welding
6.2.7 Casting
6.2.8 Medical
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tungsten Carbide Burrs 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 Tungsten Carbide Burrs 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 Diameter: 3 mm
9.6.2 Diameter: 4 mm
9.6.3 Diameter: 5 mm
9.6.4 Diameter: 6 mm
9.6.5 Diameter: 8 mm
9.6.6 Diameter: 10 mm
9.6.7 Diameter: 12 mm
9.6.8 Diameter: 16 mm
9.6.9 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 Metalwork
9.10.2 Tool Making
9.10.3 Model Engineering
9.10.4 Wood Carving
9.10.5 Jewellery Making
9.10.6 Welding
9.10.7 Casting
9.10.8 Medical
9.10.9 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 Diameter: 3 mm
10.6.2 Diameter: 4 mm
10.6.3 Diameter: 5 mm
10.6.4 Diameter: 6 mm
10.6.5 Diameter: 8 mm
10.6.6 Diameter: 10 mm
10.6.7 Diameter: 12 mm
10.6.8 Diameter: 16 mm
10.6.9 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 Metalwork
10.10.2 Tool Making
10.10.3 Model Engineering
10.10.4 Wood Carving
10.10.5 Jewellery Making
10.10.6 Welding
10.10.7 Casting
10.10.8 Medical
10.10.9 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 Diameter: 3 mm
11.6.2 Diameter: 4 mm
11.6.3 Diameter: 5 mm
11.6.4 Diameter: 6 mm
11.6.5 Diameter: 8 mm
11.6.6 Diameter: 10 mm
11.6.7 Diameter: 12 mm
11.6.8 Diameter: 16 mm
11.6.9 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 Metalwork
11.10.2 Tool Making
11.10.3 Model Engineering
11.10.4 Wood Carving
11.10.5 Jewellery Making
11.10.6 Welding
11.10.7 Casting
11.10.8 Medical
11.10.9 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 Diameter: 3 mm
12.6.2 Diameter: 4 mm
12.6.3 Diameter: 5 mm
12.6.4 Diameter: 6 mm
12.6.5 Diameter: 8 mm
12.6.6 Diameter: 10 mm
12.6.7 Diameter: 12 mm
12.6.8 Diameter: 16 mm
12.6.9 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 Metalwork
12.10.2 Tool Making
12.10.3 Model Engineering
12.10.4 Wood Carving
12.10.5 Jewellery Making
12.10.6 Welding
12.10.7 Casting
12.10.8 Medical
12.10.9 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 Diameter: 3 mm
13.6.2 Diameter: 4 mm
13.6.3 Diameter: 5 mm
13.6.4 Diameter: 6 mm
13.6.5 Diameter: 8 mm
13.6.6 Diameter: 10 mm
13.6.7 Diameter: 12 mm
13.6.8 Diameter: 16 mm
13.6.9 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 Metalwork
13.10.2 Tool Making
13.10.3 Model Engineering
13.10.4 Wood Carving
13.10.5 Jewellery Making
13.10.6 Welding
13.10.7 Casting
13.10.8 Medical
13.10.9 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 Tungsten Carbide Burrs Market: Competitive Dashboard
14.2 Global Tungsten Carbide Burrs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ifanger AG
14.3.2 Miranda Tools
14.3.3 RUKO GmbH
14.3.4 HORICO
14.3.5 NTI-Kahla
14.3.6 York
14.3.7 Bahco
14.3.8 ATA Group
14.3.9 Abrasive Finishing Systems Ltd
14.3.10 Tunco Manufacturing Inc.
14.3.11 Sonepar
14.3.12 August Rüggeberg GmbH & Co. KG
