Market Overview:
The global shoulder milling cutters 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 shoulder milling cutters from various end-use industries, such as machinery, automobile, and airplane. In addition, the growing demand for high-speed steel (HSS) and diamond-coated shoulder milling cutters is also contributing to the growth of this market. However, factors such as volatility in raw material prices and stringent government regulations are restraining the growth of this market. On the basis of type, carbide is expected to hold a major share of the global shoulder milling cutter market duringthe forecast period from 2018to 2030. This can be attributedto its propertiessuch as hardnessand wear resistance that make it suitable for use in various applications across different industries.
Product Definition:
Shoulder milling cutters are used to machine the shoulder of a workpiece. The importance of shoulder milling cutters is that they provide a consistent and accurate way to machine the shoulder of a workpiece.
Carbide:
Carbide is a solid, crystalline, non-metallic form of carbon. It has different forms such as coke, graphite, and diamond. The major difference between them is their physical properties and chemical composition.
Diamond:
Diamond is a naturally occurring solid material, which is found at the bottom of the earth. It can be categorized as an opaque crystalline form, having four different forms including industrial-grade (IMG), carat (CT), microcarat (MC) and traceable diamonds (TDC). The major sources of diamond are mines in Africa namely De Klerk, Kimberly, and Lucara.
Application Insights:
The machinery application segment dominated the global shoulder milling cutters market in 2017, accounting for a share of over 60.0% by revenue. The growth can be attributed to increasing demand from industries such as construction and mining. Shoulder mills are widely used in heavy industrial machinery applications owing to their ability to provide high cutting speeds with low maintenance cost and reduced down time.
Automobile is estimated to be the fastest growing segment during the forecast period on account of rising demand for lightweight vehicles with enhanced safety features and comfort levels among other factors driving automotive manufacturing globally. In addition, increasing penetration of social media has resulted in an increased number of buyers opting for mid-sized cars that offer better maneuverability on roads coupled with higher safety standards is expected drive overall industry growth over the next few years.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high demand from industries, such as aerospace and automobile, which require precision machining on a large scale. In addition, growing use of milling cutters in various end-use applications is anticipated to drive regional growth over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 6% during the forecast period due to rising demand from industries that require highly accurate machinery and components on an industrial scale.
Growth Factors:
- Increasing demand for shoulder milling cutters in the automotive and aerospace industries due to their ability to produce high precision parts with tight tolerances.
- Growing popularity of shoulder milling cutters among small and medium-sized businesses due to their low cost and ease of use.
- Rising demand for 3D printing technology, which is driving the adoption of shoulder milling cutters for manufacturing complex parts with intricate geometries.
- Advances in materials science that are resulting in the development of new grades of steel and other materials specifically designed for use with shoulder milling cutters.
- The increasing popularity of CNC machining as a manufacturing process, which is helping to drive demand for shoulder milling cutters
Scope Of The Report
Report Attributes
Report Details
Report Title
Shoulder Milling Cutters Market Research Report
By Type
Carbide, Diamond, High-speed Steel, Others
By Application
Machinery, Automobile, Airplane, Others
By Companies
KOMET GROUP, Advent Tool & Manufacturing, Friedrich Gloor, Niagara Cutter, Smicut AB, WALTER, GÃœHRING, EMUGE FRANKEN, DC Swiss, Carmex Precision Tools, DIXI Polytool
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Shoulder Milling Cutters Market Report Segments:
The global Shoulder Milling Cutters market is segmented on the basis of:
Types
Carbide, Diamond, High-speed Steel, 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
Machinery, Automobile, Airplane, 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:
- KOMET GROUP
- Advent Tool & Manufacturing
- Friedrich Gloor
- Niagara Cutter
- Smicut AB
- WALTER
- GÃœHRING
- EMUGE FRANKEN
- DC Swiss
- Carmex Precision Tools
- DIXI Polytool
Highlights of The Shoulder Milling Cutters 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:
- Carbide
- Diamond
- High-speed Steel
- Others
- By Application:
- Machinery
- Automobile
- Airplane
- 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 Shoulder Milling Cutters 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
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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?
Shoulder milling cutters are a type of rotary tool used to remove material from a workpiece by cutting through the workpiece using a series of small, closely spaced cuts.
Some of the major players in the shoulder milling cutters market are KOMET GROUP, Advent Tool & Manufacturing, Friedrich Gloor, Niagara Cutter, Smicut AB, WALTER, GƒÅ“HRING, EMUGE FRANKEN, DC Swiss, Carmex Precision Tools, DIXI Polytool.
The shoulder milling cutters market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shoulder Milling Cutters 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. Shoulder Milling Cutters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shoulder Milling Cutters Market - Supply Chain
4.5. Global Shoulder Milling Cutters Market Forecast
4.5.1. Shoulder Milling Cutters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shoulder Milling Cutters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shoulder Milling Cutters Market Absolute $ Opportunity
5. Global Shoulder Milling Cutters 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. Shoulder Milling Cutters Market Size and Volume Forecast by Type
5.3.1. Carbide
5.3.2. Diamond
5.3.3. High-speed Steel
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shoulder Milling Cutters 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. Shoulder Milling Cutters Market Size and Volume Forecast by Application
6.3.1. Machinery
6.3.2. Automobile
6.3.3. Airplane
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shoulder Milling Cutters 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. Shoulder Milling Cutters 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 Shoulder Milling Cutters 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. Shoulder Milling Cutters 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 Shoulder Milling Cutters Demand Share Forecast, 2019-2026
9. North America Shoulder Milling Cutters 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 Shoulder Milling Cutters 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 Shoulder Milling Cutters Market Size and Volume Forecast by Application
9.4.1. Machinery
9.4.2. Automobile
9.4.3. Airplane
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shoulder Milling Cutters Market Size and Volume Forecast by Type
9.7.1. Carbide
9.7.2. Diamond
9.7.3. High-speed Steel
9.7.4. Others
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 Shoulder Milling Cutters Demand Share Forecast, 2019-2026
10. Latin America Shoulder Milling Cutters 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 Shoulder Milling Cutters 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 Shoulder Milling Cutters Market Size and Volume Forecast by Application
10.4.1. Machinery
10.4.2. Automobile
10.4.3. Airplane
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shoulder Milling Cutters Market Size and Volume Forecast by Type
10.7.1. Carbide
10.7.2. Diamond
10.7.3. High-speed Steel
10.7.4. Others
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 Shoulder Milling Cutters Demand Share Forecast, 2019-2026
11. Europe Shoulder Milling Cutters 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 Shoulder Milling Cutters 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 Shoulder Milling Cutters Market Size and Volume Forecast by Application
11.4.1. Machinery
11.4.2. Automobile
11.4.3. Airplane
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shoulder Milling Cutters Market Size and Volume Forecast by Type
11.7.1. Carbide
11.7.2. Diamond
11.7.3. High-speed Steel
11.7.4. Others
11.8. Basis Point Share (BP) 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 Shoulder Milling Cutters Demand Share, 2019-2026
12. Asia Pacific Shoulder Milling Cutters 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 Shoulder Milling Cutters 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 Shoulder Milling Cutters Market Size and Volume Forecast by Application
12.4.1. Machinery
12.4.2. Automobile
12.4.3. Airplane
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shoulder Milling Cutters Market Size and Volume Forecast by Type
12.7.1. Carbide
12.7.2. Diamond
12.7.3. High-speed Steel
12.7.4. Others
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 Shoulder Milling Cutters Demand Share, 2019-2026
13. Middle East & Africa Shoulder Milling Cutters 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 Shoulder Milling Cutters 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 Shoulder Milling Cutters Market Size and Volume Forecast by Application
13.4.1. Machinery
13.4.2. Automobile
13.4.3. Airplane
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shoulder Milling Cutters Market Size and Volume Forecast by Type
13.7.1. Carbide
13.7.2. Diamond
13.7.3. High-speed Steel
13.7.4. Others
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 Shoulder Milling Cutters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shoulder Milling Cutters Market: Market Share Analysis
14.2. Shoulder Milling Cutters Distributors and Customers
14.3. Shoulder Milling Cutters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KOMET GROUP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Advent Tool & Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Friedrich Gloor
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Niagara Cutter
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Smicut AB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. WALTER
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GÜHRING
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EMUGE FRANKEN
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DC Swiss
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Carmex Precision Tools
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DIXI Polytool
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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