Market Overview:
The global rough boring 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 optimized boring tools, general boring tools, large diameter boring tools and lightweight boring tools across different applications such as pre-machining, casting and forging. In terms of region, North America is expected to lead the global rough bore market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Rough boring tools are used to remove large amounts of material from a workpiece. They are typically used in conjunction with a lathe or milling machine. Rough boring tools can be either stationary or portable.
Optimized Boring:
Optimized boring is a process of optimizing the boresight angle and drilling speed to obtain high quality cuts in metal. The process involves the use of computer-aided tools that provide real-time feedback on the position and speed of drill bit, which enables operators to make minute adjustments for better results. It also helps in reducing machining time by half as compared to manual boring operations.
General Boring:
General boring is a process of creating cylindrical holes with constant cross-section and diameter using various types of machines. The process can be done manually by making several cuts with the help of hand tools or automatically using power tools. The material used for general boring depends on the application but in most cases, steel is preferred owing to its easy availability and low cost.
Application Insights:
The pre-machining application segment dominated the global rough boring tools market in 2017. This is attributed to the growing demand for various components, such as gears, spindles, and shafts that are used in a wide range of industries including automotive, construction equipment manufacturing and agriculture. The gear production segment accounted for a significant share of this application segment owing to its rising demand from several industries worldwide.
The casting application segment is expected to witness significant growth over the forecast period due to its rising use in various sectors including aerospace and defense among others. In addition, increasing investments by governments worldwide towards developing advanced manufacturing facilities will boost product demand over the forecast period as it offers high precision at low costs compared with other machining processes like grinding or cutting operations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in several industries, including automotive, construction, aerospace & defense and marine. This growth is owing to increasing demand from developing countries such as China and India.
The emergence of new players in Europe coupled with a high level of competition among them has resulted in an increased number of manufacturers present across this region. In addition, growing R&D activities by companies operating across this region will drive the overall industry expansion over the next eight years.
Growth Factors:
- Increasing demand for Rough Boring Tools from the automotive and aerospace industries due to the growing need for high precision machining.
- Rising demand for Rough Boring Tools in the construction and infrastructure sectors due to increasing investments in these sectors.
- Growing popularity of rough boring tools among small-scale manufacturers as they offer cost-effective solutions with good quality results.
- Technological advancements that have led to the development of new and improved types of rough boring tools, which is helping to boost market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rough Boring Tools Market Research Report
By Type
Optimized Boring, General Boring, Large Diameter Boring, Lightweight Boring
By Application
Pre-Machining, Casting, Forging
By Companies
Sandvik, KOMET, Big Kaiser, Walter Tools, SecoTools, Wohlhaupter, Johne + Co, ISCAR, Sumitomo Electric, Bilz Tool, SWISS TOOL SYSTEMS, Chengdu Kilowood Cutting Tools, Shan Gin Cutting Tools, E CHEE MACHINE TOOLS, FineTech Toolings, Precision Toolings
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Rough Boring Tools Market Report Segments:
The global Rough Boring Tools market is segmented on the basis of:
Types
Optimized Boring, General Boring, Large Diameter Boring, Lightweight Boring
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
Pre-Machining, Casting, Forging
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:
- Sandvik
- KOMET
- Big Kaiser
- Walter Tools
- SecoTools
- Wohlhaupter
- Johne + Co
- ISCAR
- Sumitomo Electric
- Bilz Tool
- SWISS TOOL SYSTEMS
- Chengdu Kilowood Cutting Tools
- Shan Gin Cutting Tools
- E CHEE MACHINE TOOLS
- FineTech Toolings
- Precision Toolings
Highlights of The Rough Boring 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:
- Optimized Boring
- General Boring
- Large Diameter Boring
- Lightweight Boring
- By Application:
- Pre-Machining
- Casting
- Forging
- 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 Rough Boring 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.
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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?
Rough Boring Tools are a type of hand tool used for drilling, boring, and cutting in hard materials. They are also known as power tools or drill bits.
Some of the major players in the rough boring tools market are Sandvik, KOMET, Big Kaiser, Walter Tools, SecoTools, Wohlhaupter, Johne + Co, ISCAR, Sumitomo Electric, Bilz Tool, SWISS TOOL SYSTEMS, Chengdu Kilowood Cutting Tools, Shan Gin Cutting Tools, E CHEE MACHINE TOOLS, FineTech Toolings, Precision Toolings.
The rough boring tools market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rough Boring 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. Rough Boring Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rough Boring Tools Market - Supply Chain
4.5. Global Rough Boring Tools Market Forecast
4.5.1. Rough Boring Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rough Boring Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rough Boring Tools Market Absolute $ Opportunity
5. Global Rough Boring 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. Rough Boring Tools Market Size and Volume Forecast by Type
5.3.1. Optimized Boring
5.3.2. General Boring
5.3.3. Large Diameter Boring
5.3.4. Lightweight Boring
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rough Boring 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. Rough Boring Tools Market Size and Volume Forecast by Application
6.3.1. Pre-Machining
6.3.2. Casting
6.3.3. Forging
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rough Boring 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. Rough Boring 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 Rough Boring 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. Rough Boring 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 Rough Boring Tools Demand Share Forecast, 2019-2026
9. North America Rough Boring 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 Rough Boring 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 Rough Boring Tools Market Size and Volume Forecast by Application
9.4.1. Pre-Machining
9.4.2. Casting
9.4.3. Forging
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rough Boring Tools Market Size and Volume Forecast by Type
9.7.1. Optimized Boring
9.7.2. General Boring
9.7.3. Large Diameter Boring
9.7.4. Lightweight Boring
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 Rough Boring Tools Demand Share Forecast, 2019-2026
10. Latin America Rough Boring 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 Rough Boring 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 Rough Boring Tools Market Size and Volume Forecast by Application
10.4.1. Pre-Machining
10.4.2. Casting
10.4.3. Forging
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rough Boring Tools Market Size and Volume Forecast by Type
10.7.1. Optimized Boring
10.7.2. General Boring
10.7.3. Large Diameter Boring
10.7.4. Lightweight Boring
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 Rough Boring Tools Demand Share Forecast, 2019-2026
11. Europe Rough Boring 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 Rough Boring 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 Rough Boring Tools Market Size and Volume Forecast by Application
11.4.1. Pre-Machining
11.4.2. Casting
11.4.3. Forging
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rough Boring Tools Market Size and Volume Forecast by Type
11.7.1. Optimized Boring
11.7.2. General Boring
11.7.3. Large Diameter Boring
11.7.4. Lightweight Boring
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 Rough Boring Tools Demand Share, 2019-2026
12. Asia Pacific Rough Boring 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 Rough Boring 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 Rough Boring Tools Market Size and Volume Forecast by Application
12.4.1. Pre-Machining
12.4.2. Casting
12.4.3. Forging
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rough Boring Tools Market Size and Volume Forecast by Type
12.7.1. Optimized Boring
12.7.2. General Boring
12.7.3. Large Diameter Boring
12.7.4. Lightweight Boring
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 Rough Boring Tools Demand Share, 2019-2026
13. Middle East & Africa Rough Boring 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 Rough Boring 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 Rough Boring Tools Market Size and Volume Forecast by Application
13.4.1. Pre-Machining
13.4.2. Casting
13.4.3. Forging
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rough Boring Tools Market Size and Volume Forecast by Type
13.7.1. Optimized Boring
13.7.2. General Boring
13.7.3. Large Diameter Boring
13.7.4. Lightweight Boring
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 Rough Boring Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rough Boring Tools Market: Market Share Analysis
14.2. Rough Boring Tools Distributors and Customers
14.3. Rough Boring Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KOMET
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Big Kaiser
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Walter Tools
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SecoTools
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wohlhaupter
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Johne + Co
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ISCAR
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sumitomo Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bilz Tool
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SWISS TOOL SYSTEMS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Chengdu Kilowood Cutting 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. Shan Gin Cutting Tools
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. E CHEE MACHINE TOOLS
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. FineTech Toolings
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Precision Toolings
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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
