Market Overview:
The global polycrystalline diamond cutting tool market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for polycrystalline diamond cutting tools in various applications, such as automotive, aerospace, and others. In terms of type, the market is segmented into for nonmetallic and for nonferrous applications. The automotive application segment is expected to hold the largest share of the global polycrystalline diamond cutting tool market during the forecast period.
Product Definition:
A polycrystalline diamond cutting tool is a type of diamond cutter that is made up of multiple small diamonds that are bonded together. These tools are used for machining materials such as metals, plastics and composites. They have many advantages over other types of cutting tools, including higher speeds, longer life and greater accuracy.
For Nonmetallic:
For metallic, it's used in high-speed cutting and drilling applications. For nonmetallic, it is used as a lubricant for metal cutting tools. It has the ability to reduce wear and tear of the tool during operation by providing an appropriate amount of lubrication to allow smooth movement of the tool over the material surface.
For Nonferrous:
For nonferrous and its usage in polycrystalline diamond cutting tool market is a new term which came into existence only after the discovery of polycrystalline diamonds. These are different from the conventional ones in terms of physical and chemical properties. Polycrystalline diamonds have many unique characteristics such as high thermal conductivity, electrical conductivity, low thermal expansion, large specific heat & specific volume among others.
Application Insights:
The automotive application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for polycrystalline diamond tools from various automakers including Ford, General Motors, and Tesla among others. These companies are focusing on reducing vehicle weight as it increases fuel efficiency along with improving passenger safety and comfort which is expected to propel industry demand over the coming years.
Aerospace was another prominent segment accounting for a significant market share in 2017 owing to high requirements of precision during manufacturing process such as cutting & grinding of glass-filled nylon materials used in aircraft windows on account of its high hardness that does not require any additional hardening treatment like annealing or tempering before use in these machines further driving growth 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 growth of this region can be attributed to rising demand from end-use industries, such as aerospace & defense, automotive, construction equipment, industrial machinery, marine & naval tools and others.
The growing manufacturing sector in emerging economies of Asia Pacific including China and India coupled with increasing foreign investments are anticipated to drive the regional market at a significant pace over the forecast period. In addition, favorable government regulations for promoting domestic production activities are likely to boost industry expansion rates in this region.
Europe was estimated as the second-largest consumer for these cutting tools due to high demand from several major application sectors including automotive (upgrade or replacement parts), industrial machinery (repair or maintenance), building & construction materials (finishing operations) among others However; North America is projected to emerge as a lucrative regional segment owing both ends of supply chain i.e.
Growth Factors:
- Increasing demand for polycrystalline diamond cutting tools from the automotive and aerospace industries due to their superior performance over other materials.
- Rising demand for polycrystalline diamond cutting tools in the construction and mining industries due to their ability to cut through hard materials quickly and easily.
- Growing popularity of polycrystalline diamond cutting tools among DIY enthusiasts and hobbyists owing to their low cost and easy-to-use nature.
- Technological advancements that have led to the development of more durable and efficient polycrystalline diamond cutting tools.
- increasing awareness about the benefits of using polycrystalline diamond cutting tools among consumers, which is likely to boost demand in the near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Polycrystalline Diamond Cutting Tool Market Research Report
By Type
For Nonmetallic, For Nonferrous
By Application
Automotive, Aerospace, Others
By Companies
Preziss Tool, Telcon Diamond Tools, Worldia, Fullerton Tool, EHWA, Sumitomo Electric, KOMET Group, Tyrolit, Shape-Master Tool, TM d.o.o., Kyocera, Rudrali Hi Tech Tools, Eurogrind, West Ohio Tool Co., Mastertech Diamond Products, STF Precision, Motherson Techno Tools Ltd., Shanghai Nagoya Precision Tools, Zhengzhou Hongxin
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Polycrystalline Diamond Cutting Tool Market Report Segments:
The global Polycrystalline Diamond Cutting Tool market is segmented on the basis of:
Types
For Nonmetallic, For Nonferrous
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
Automotive, Aerospace, 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:
- Preziss Tool
- Telcon Diamond Tools
- Worldia
- Fullerton Tool
- EHWA
- Sumitomo Electric
- KOMET Group
- Tyrolit
- Shape-Master Tool
- TM d.o.o.
- Kyocera
- Rudrali Hi Tech Tools
- Eurogrind
- West Ohio Tool Co.
- Mastertech Diamond Products
- STF Precision
- Motherson Techno Tools Ltd.
- Shanghai Nagoya Precision Tools
- Zhengzhou Hongxin
Highlights of The Polycrystalline Diamond 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:
- For Nonmetallic
- For Nonferrous
- By Application:
- Automotive
- Aerospace
- 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 Polycrystalline Diamond 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?
A polycrystalline diamond cutting tool is a type of diamond saw that uses a number of small diamonds to cut material. The diamonds are held in place by a resin or other adhesive and can be easily replaced as they wear down. This type of saw is often used for cutting hard materials like metal, stone, and plastic.
Some of the major players in the polycrystalline diamond cutting tool market are Preziss Tool, Telcon Diamond Tools, Worldia, Fullerton Tool, EHWA, Sumitomo Electric, KOMET Group, Tyrolit, Shape-Master Tool, TM d.o.o., Kyocera, Rudrali Hi Tech Tools, Eurogrind, West Ohio Tool Co., Mastertech Diamond Products, STF Precision, Motherson Techno Tools Ltd., Shanghai Nagoya Precision Tools, Zhengzhou Hongxin.
The polycrystalline diamond cutting tool market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polycrystalline Diamond Cutting Tool 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. Polycrystalline Diamond Cutting Tool Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Polycrystalline Diamond Cutting Tool Market - Supply Chain
4.5. Global Polycrystalline Diamond Cutting Tool Market Forecast
4.5.1. Polycrystalline Diamond Cutting Tool Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polycrystalline Diamond Cutting Tool Market Size (000 Units) and Y-o-Y Growth
4.5.3. Polycrystalline Diamond Cutting Tool Market Absolute $ Opportunity
5. Global Polycrystalline Diamond Cutting Tool 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. Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Type
5.3.1. For Nonmetallic
5.3.2. For Nonferrous
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Polycrystalline Diamond Cutting Tool 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. Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Polycrystalline Diamond Cutting Tool 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. Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool 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. Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool Demand Share Forecast, 2019-2026
9. North America Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Type
9.7.1. For Nonmetallic
9.7.2. For Nonferrous
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 Polycrystalline Diamond Cutting Tool Demand Share Forecast, 2019-2026
10. Latin America Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Type
10.7.1. For Nonmetallic
10.7.2. For Nonferrous
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 Polycrystalline Diamond Cutting Tool Demand Share Forecast, 2019-2026
11. Europe Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Type
11.7.1. For Nonmetallic
11.7.2. For Nonferrous
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 Polycrystalline Diamond Cutting Tool Demand Share, 2019-2026
12. Asia Pacific Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Type
12.7.1. For Nonmetallic
12.7.2. For Nonferrous
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 Polycrystalline Diamond Cutting Tool Demand Share, 2019-2026
13. Middle East & Africa Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool 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 Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Polycrystalline Diamond Cutting Tool Market Size and Volume Forecast by Type
13.7.1. For Nonmetallic
13.7.2. For Nonferrous
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 Polycrystalline Diamond Cutting Tool Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Polycrystalline Diamond Cutting Tool Market: Market Share Analysis
14.2. Polycrystalline Diamond Cutting Tool Distributors and Customers
14.3. Polycrystalline Diamond Cutting Tool Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Preziss Tool
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Telcon Diamond Tools
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
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fullerton Tool
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. EHWA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sumitomo Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KOMET Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tyrolit
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shape-Master Tool
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TM d.o.o.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kyocera
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Rudrali Hi Tech Tools
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Eurogrind
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. West Ohio Tool Co.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Mastertech Diamond Products
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. STF Precision
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Motherson Techno Tools Ltd.
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Shanghai Nagoya Precision Tools
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Zhengzhou Hongxin
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
