Market Overview:
The global twist drill bit 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 twist drill bits from various applications, such as metal, wood, and construction materials. In terms of type, the high-speed steel (HSS) segment is expected to lead the market during the forecast period. This can be attributed to its properties such as hardness and wear resistance that make it suitable for use in various applications.
Product Definition:
A twist drill bit is a tool used to create cylindrical holes, usually with a hand-held drill. The bit is rotated around its long axis while it is pressed into the workpiece. The most common use for a twist drill bit is to create holes in metal, but they can also be used in other materials such as wood or plastic.
High-Speed Steel (HSS):
High-speed steel is a type of steel that has high carbon and low nitrogen content. It is used in applications where high speed and strength are required. The material has good toughness, wear resistance, hardness, corrosion resistance and can be sharpened to a keen edge. HSS offers the advantage of higher cutting speeds with less power consumption as compared to carbide tipped drill bits which makes it suitable for drilling hard materials such as stone or metal.
Carbon Steel:
Carbon steel is a type of steel that contains carbon in the alloy. The carbon content in the steel can be varied from low (under 0.2%) to high (over 2%). The higher the carbon content, generally, the harder and stronger is becomes. Carbon steels are used for manufacturing drill bits as they provide better cutting ability than Low-alloy Steel (LAS).
Application Insights:
The metal application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. The increasing demand for metals, such as steel, in construction activities across various regions is anticipated to boost product demand. Twist drill bit used in construction applications can be classified into two categories namely high-speed steel (HSS) and carbon steel depending upon their speed of drilling and durability respectively.
Wood application segment was one of the prominent segments accounting for a revenue share of 15.8% in 2017 owing to rising use woodworking machinery including table saws, miter saws, routers among others which require precise machining operations performed by twist drill bit products with wood materials at an appropriate speed resulting into accurate & smooth surfaces on finished products without any sign or scratches from previous operations done on them by other tools like knives or chisels etc.
Regional Analysis:
Asia Pacific dominated the global twist drill bit market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for twist drill bits from various end-use industries, such as metal and woodworking. In addition, rising construction activities in emerging economies of Asia Pacific are anticipated to drive product demand over the coming years.
The North America market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing herringbone patterning technology used by manufacturers for producing high-speed steel (HSS) bit products that are subsequently sold across regional markets on account of their low cost and superior performance characteristics when compared with other types of twist drills Bit Cobalt Steel).
Growth Factors:
- Increasing demand for twist drill bit in the automotive and aerospace industries due to the growing need for precision drilling.
- Rising demand from construction and infrastructure sectors owing to the increasing spending on these sectors globally.
- Growing use of twist drill bit in medical applications such as implantation, neurosurgery, and orthopedic surgeries due to its accuracy and precision.
- Increasing penetration of twist drill bit in small-scale businesses as they offer better performance at lower costs as compared to traditional drilling methods.
Scope Of The Report
Report Attributes
Report Details
Report Title
Twist Drill Bit Market Research Report
By Type
High-Speed Steel (HSS), Carbon Steel, Carbide, Cobalt Steel, Others
By Application
Metal, Wood, Construction Materials, Others
By Companies
Stanley Black and Decker, Bosch, TDC, Sandvik Coromant, OSG, Kennamtel, SECO, Mitsubishi, Guhring, Nachi, ISCAR, Sumitomo, Walter AG, Mapal, Korloy, Triumph, Tiangong International, Kyocera, Irwin Tool, Feida, Ceratizit, Greenfield Industries, Komet, Regal Cutting Tools, Alpen-Maykestag, Fangda Holding
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 Twist Drill Bit Market Report Segments:
The global Twist Drill Bit market is segmented on the basis of:
Types
High-Speed Steel (HSS), Carbon Steel, Carbide, Cobalt 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
Metal, Wood, Construction Materials, 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:
- Stanley Black and Decker
- Bosch
- TDC
- Sandvik Coromant
- OSG
- Kennamtel
- SECO
- Mitsubishi
- Guhring
- Nachi
- ISCAR
- Sumitomo
- Walter AG
- Mapal
- Korloy
- Triumph
- Tiangong International
- Kyocera
- Irwin Tool
- Feida
- Ceratizit
- Greenfield Industries
- Komet
- Regal Cutting Tools
- Alpen-Maykestag
- Fangda Holding
Highlights of The Twist Drill Bit 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:
- High-Speed Steel (HSS)
- Carbon Steel
- Carbide
- Cobalt Steel
- Others
- By Application:
- Metal
- Wood
- Construction Materials
- 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 Twist Drill Bit 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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- Correctly Positioning New Products
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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?
Some of the major players in the twist drill bit market are Stanley Black and Decker, Bosch, TDC, Sandvik Coromant, OSG, Kennamtel, SECO, Mitsubishi, Guhring, Nachi, ISCAR, Sumitomo, Walter AG, Mapal, Korloy, Triumph, Tiangong International, Kyocera, Irwin Tool, Feida, Ceratizit, Greenfield Industries, Komet, Regal Cutting Tools, Alpen-Maykestag, Fangda Holding.
The twist drill bit market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Twist Drill Bit 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. Twist Drill Bit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Twist Drill Bit Market - Supply Chain
4.5. Global Twist Drill Bit Market Forecast
4.5.1. Twist Drill Bit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Twist Drill Bit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Twist Drill Bit Market Absolute $ Opportunity
5. Global Twist Drill Bit 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. Twist Drill Bit Market Size and Volume Forecast by Type
5.3.1. High-Speed Steel (HSS)
5.3.2. Carbon Steel
5.3.3. Carbide
5.3.4. Cobalt Steel
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Twist Drill Bit 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. Twist Drill Bit Market Size and Volume Forecast by Application
6.3.1. Metal
6.3.2. Wood
6.3.3. Construction Materials
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Twist Drill Bit 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. Twist Drill Bit 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 Twist Drill Bit 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. Twist Drill Bit 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 Twist Drill Bit Demand Share Forecast, 2019-2026
9. North America Twist Drill Bit 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 Twist Drill Bit 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 Twist Drill Bit Market Size and Volume Forecast by Application
9.4.1. Metal
9.4.2. Wood
9.4.3. Construction Materials
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 Twist Drill Bit Market Size and Volume Forecast by Type
9.7.1. High-Speed Steel (HSS)
9.7.2. Carbon Steel
9.7.3. Carbide
9.7.4. Cobalt Steel
9.7.5. 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 Twist Drill Bit Demand Share Forecast, 2019-2026
10. Latin America Twist Drill Bit 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 Twist Drill Bit 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 Twist Drill Bit Market Size and Volume Forecast by Application
10.4.1. Metal
10.4.2. Wood
10.4.3. Construction Materials
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 Twist Drill Bit Market Size and Volume Forecast by Type
10.7.1. High-Speed Steel (HSS)
10.7.2. Carbon Steel
10.7.3. Carbide
10.7.4. Cobalt Steel
10.7.5. 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 Twist Drill Bit Demand Share Forecast, 2019-2026
11. Europe Twist Drill Bit 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 Twist Drill Bit 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 Twist Drill Bit Market Size and Volume Forecast by Application
11.4.1. Metal
11.4.2. Wood
11.4.3. Construction Materials
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 Twist Drill Bit Market Size and Volume Forecast by Type
11.7.1. High-Speed Steel (HSS)
11.7.2. Carbon Steel
11.7.3. Carbide
11.7.4. Cobalt Steel
11.7.5. Others
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 Twist Drill Bit Demand Share, 2019-2026
12. Asia Pacific Twist Drill Bit 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 Twist Drill Bit 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 Twist Drill Bit Market Size and Volume Forecast by Application
12.4.1. Metal
12.4.2. Wood
12.4.3. Construction Materials
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 Twist Drill Bit Market Size and Volume Forecast by Type
12.7.1. High-Speed Steel (HSS)
12.7.2. Carbon Steel
12.7.3. Carbide
12.7.4. Cobalt Steel
12.7.5. 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 Twist Drill Bit Demand Share, 2019-2026
13. Middle East & Africa Twist Drill Bit 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 Twist Drill Bit 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 Twist Drill Bit Market Size and Volume Forecast by Application
13.4.1. Metal
13.4.2. Wood
13.4.3. Construction Materials
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 Twist Drill Bit Market Size and Volume Forecast by Type
13.7.1. High-Speed Steel (HSS)
13.7.2. Carbon Steel
13.7.3. Carbide
13.7.4. Cobalt Steel
13.7.5. 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 Twist Drill Bit Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Twist Drill Bit Market: Market Share Analysis
14.2. Twist Drill Bit Distributors and Customers
14.3. Twist Drill Bit Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stanley Black and Decker
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bosch
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TDC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sandvik Coromant
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OSG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kennamtel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SECO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsubishi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Guhring
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nachi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ISCAR
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sumitomo
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Walter AG
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Mapal
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Korloy
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Triumph
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tiangong International
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Kyocera
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Irwin Tool
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Feida
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
