Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Shoulder Milling Cutters Market by Type (Carbide, Diamond, High-speed Steel, Others), By Application (Machinery, Automobile, Airplane, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Shoulder Milling Cutters Market by Type (Carbide, Diamond, High-speed Steel, Others), By Application (Machinery, Automobile, Airplane, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 159112 3300 Machinery & Equipment 377 245 Pages 4.9 (48)

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.

Global Shoulder Milling Cutters Industry Outlook

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 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 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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  2. Advent Tool & Manufacturing
  3. Friedrich Gloor
  4. Niagara Cutter
  5. Smicut AB
  9. DC Swiss
  10. Carmex Precision Tools
  11. DIXI Polytool

Global Shoulder Milling Cutters Market Overview

Highlights of The Shoulder Milling Cutters Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Carbide
    2. Diamond
    3. High-speed Steel
    4. Others
  1. By Application:

    1. Machinery
    2. Automobile
    3. Airplane
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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
  • Identifying Appropriate Advertising Appeals

Global Shoulder Milling Cutters Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. Advent Tool & Manufacturing Overview Financials Developments Strategic Outlook
      14.4.3. Friedrich Gloor Overview Financials Developments Strategic Outlook
      14.4.4. Niagara Cutter Overview Financials Developments Strategic Outlook
      14.4.5. Smicut AB Overview Financials Developments Strategic Outlook
      14.4.6. WALTER Overview Financials Developments Strategic Outlook
      14.4.7. GÜHRING Overview Financials Developments Strategic Outlook
      14.4.8. EMUGE FRANKEN Overview Financials Developments Strategic Outlook
      14.4.9. DC Swiss Overview Financials Developments Strategic Outlook
      14.4.10. Carmex Precision Tools Overview Financials Developments Strategic Outlook
      14.4.11. DIXI Polytool Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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