Market Overview:
The global grooving 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 grooving tools from various end-use industries, such as metal materials and nonmetal work pieces. In terms of type, the internal grooving tools segment is expected to hold a major share of the global market during the forecast period, owing to its growing demand from various end-use industries. However, external grooving tools are also witnessing high growth due to their increasing use in automotive and aerospace applications.
Product Definition:
Grooving tools are used to produce grooves in a workpiece. The grooves can be used for a variety of purposes, such as providing a location for the retention of a fastener or sealant, or to guide the flow of fluid or material. Grooving tools can be made from various materials, such as steel, aluminum, and brass.
Internal Grooving Tools:
Internal grooving tools are used to cut internal threads in metal. The tool consists of a handle, which is connected to the spindle by a shaft. A cutting edge is mounted on the end of the shaft and can be turned by hand or with an electric motor. Internal grooving tools have applications in various industries such as automotive, aerospace & defense, construction equipment etc.
External Grooving Tools:
External grooving tools are used for creating external threads on the work piece. The work piece can be a block of wood, metal or plastic. It is mostly used in woodworking but it can also be applied to plastic and metal parts where strength is required.
The tool consists of two steel blades which are revolved by an arbor (hole in middle) with the help of a handle or not depending upon the type of operation to be performed by it.
Application Insights:
Metal materials grooving application led the global market in 2017. Grooves are used for a variety of applications including cold-forming, extrusion, and welding. Metal materials require deep grooves to provide sufficient strength to the component while maintaining lightweight properties. The metal material segment is anticipated to continue its dominance over the forecast period owing to various advantages associated with deep grooves such as enhanced mechanical strength and high surface quality of metals on account of which this segment accounted for more than half of the revenue share in 2017.
Nonmetal workpieces include plastic & rubber, wood & composites, glass fiber reinforced polymers (GFRP), ceramic tiles adhesive backed vinyl tile adhesives foam core material concrete masonry cladding systems etcetera wherein groove depth is not so important but other factors such as size.
Regional Analysis:
Asia Pacific dominated the global grooving tools market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. Increasing construction activities and metal materials production are anticipated to drive product demand in Asia Pacific. In addition, rising automotive industry is projected to fuel product demand further over the coming years.
Europe accounted for a significant share of global revenue in 2017 owing to growing application industries across several countries including Germany, U.K.
North America also held a considerable market share due to increasing use of metal materials as an alternative for forged parts which are manufactured using traditional methods that consume large amounts of energy.
Growth Factors:
- Increasing demand for automobiles and heavy equipment
- Growing construction and infrastructure activities
- Rising demand from the metalworking industry
- Increasing penetration of groove tools in developing countries
- Technological advancements in groove tool manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Grooving Tools Market Research Report
By Type
Internal Grooving Tools, External Grooving Tools
By Application
Metal Materials, Nonmetal Work Pieces
By Companies
Guhring KG, WALTER, Worldia Diamond Tools, CeramTec, Echaintool Industry, EHWA Diamond, ISCAR Tools, KANEFUSA, Kennametal, Leitz GmbH, MARMOELETTROMECCANICA, Mitsubishi Carbide, Paul Horn, REMS, Sandvik Coromant, TUNGALOY, URGELES DIAMANT, Vargus, Widia
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Grooving Tools Market Report Segments:
The global Grooving Tools market is segmented on the basis of:
Types
Internal Grooving Tools, External Grooving Tools
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
Metal Materials, Nonmetal Work Pieces
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:
- Guhring KG
- WALTER
- Worldia Diamond Tools
- CeramTec
- Echaintool Industry
- EHWA Diamond
- ISCAR Tools
- KANEFUSA
- Kennametal
- Leitz GmbH
- MARMOELETTROMECCANICA
- Mitsubishi Carbide
- Paul Horn
- REMS
- Sandvik Coromant
- TUNGALOY
- URGELES DIAMANT
- Vargus
- Widia
Highlights of The Grooving 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:
- Internal Grooving Tools
- External Grooving Tools
- By Application:
- Metal Materials
- Nonmetal Work Pieces
- 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 Grooving 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?
Grooving tools are a type of hand tool used to create grooves in wood. They are typically made from metal or plastic and have a series of ridges along their length. The user places the tool against the wood and presses down, creating the groove.
Some of the major companies in the grooving tools market are Guhring KG, WALTER, Worldia Diamond Tools, CeramTec, Echaintool Industry, EHWA Diamond, ISCAR Tools, KANEFUSA, Kennametal, Leitz GmbH, MARMOELETTROMECCANICA, Mitsubishi Carbide, Paul Horn, REMS, Sandvik Coromant, TUNGALOY, URGELES DIAMANT, Vargus, Widia.
The grooving tools market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Grooving Tools Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Grooving Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Grooving Tools Market - Supply Chain
4.5. Global Grooving Tools Market Forecast
4.5.1. Grooving Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Grooving Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Grooving Tools Market Absolute $ Opportunity
5. Global Grooving Tools Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Grooving Tools Market Size and Volume Forecast by Type
5.3.1. Internal Grooving Tools
5.3.2. External Grooving Tools
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Grooving Tools Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Grooving Tools Market Size and Volume Forecast by Application
6.3.1. Metal Materials
6.3.2. Nonmetal Work Pieces
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Grooving Tools Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Grooving Tools Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Grooving Tools Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Grooving Tools Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Grooving Tools Demand Share Forecast, 2019-2026
9. North America Grooving Tools Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Grooving Tools Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Grooving Tools Market Size and Volume Forecast by Application
9.4.1. Metal Materials
9.4.2. Nonmetal Work Pieces
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Grooving Tools Market Size and Volume Forecast by Type
9.7.1. Internal Grooving Tools
9.7.2. External Grooving Tools
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Grooving Tools Demand Share Forecast, 2019-2026
10. Latin America Grooving Tools Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Grooving Tools Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Grooving Tools Market Size and Volume Forecast by Application
10.4.1. Metal Materials
10.4.2. Nonmetal Work Pieces
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Grooving Tools Market Size and Volume Forecast by Type
10.7.1. Internal Grooving Tools
10.7.2. External Grooving Tools
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Grooving Tools Demand Share Forecast, 2019-2026
11. Europe Grooving Tools Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Grooving Tools Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Grooving Tools Market Size and Volume Forecast by Application
11.4.1. Metal Materials
11.4.2. Nonmetal Work Pieces
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Grooving Tools Market Size and Volume Forecast by Type
11.7.1. Internal Grooving Tools
11.7.2. External Grooving Tools
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Grooving Tools Demand Share, 2019-2026
12. Asia Pacific Grooving Tools Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Grooving Tools Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Grooving Tools Market Size and Volume Forecast by Application
12.4.1. Metal Materials
12.4.2. Nonmetal Work Pieces
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Grooving Tools Market Size and Volume Forecast by Type
12.7.1. Internal Grooving Tools
12.7.2. External Grooving Tools
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Grooving Tools Demand Share, 2019-2026
13. Middle East & Africa Grooving Tools Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Grooving Tools Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Grooving Tools Market Size and Volume Forecast by Application
13.4.1. Metal Materials
13.4.2. Nonmetal Work Pieces
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Grooving Tools Market Size and Volume Forecast by Type
13.7.1. Internal Grooving Tools
13.7.2. External Grooving Tools
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Grooving Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Grooving Tools Market: Market Share Analysis
14.2. Grooving Tools Distributors and Customers
14.3. Grooving Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Guhring KG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. WALTER
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Worldia Diamond Tools
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CeramTec
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Echaintool Industry
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. EHWA Diamond
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ISCAR Tools
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KANEFUSA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kennametal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Leitz GmbH
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MARMOELETTROMECCANICA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mitsubishi Carbide
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Paul Horn
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. REMS
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sandvik Coromant
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TUNGALOY
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. URGELES DIAMANT
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Vargus
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Widia
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
