Market Overview:
The global twist drill 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 drills from various end-use industries, such as metal, wood, concrete and plastic. In terms of type, the straight shank twist drill segment is expected to lead the global market during the forecast period. This can be attributed to its high demand from various end-use industries owing to its superior performance and longer life as compared with other types of twist drills. In terms of application, metal is expected to lead the global market during the forecast period owing to its high adoption in various manufacturing processes across different industrial sectors.
Product Definition:
A twist drill is a type of drill that uses a rotating helical flute to cut holes in metal or other materials. It was invented by John Wilkinson in 1777.
Straight Shank Twist Drill:
The straight shank twist drill is a key tool used in the fastening of structural components during the installation of floors, walls, and ceilings. The growing construction industry across the globe has led to an increase in demand for these products. In addition, increasing use of this product as a substitute for chiseling and hacking while installing drywall is expected to drive growth over the next seven years.
The global Twist Drill market size was valued at USD 2 billion in 2016.
Taper Shank Twist Drill:
Taper shank twist drill is a special type of hand held drill used for creating tapers in the surface of any material. The main function of this tool is to create gradual and controlled tapers in the surface which can be further utilized in various applications like furniture making, model making, etc. This device has different types of bits attached with it which are specifically designed for creating different sizes and shapes of holes depending upon requirements.
Application Insights:
Metal was the largest application segment in terms of revenue and is expected to continue its dominance over the forecast period. The metal application segment accounted for a share of 33.3% in 2017 owing to extensive usage of metal materials such as steel, aluminum, and others in construction activities across various regions globally. In addition, high demand from automotive industry is also propelling growth globally.
Wood was the second-largest application segment accounting for a share of 29%in 2017 due to increasing use wood materials for construction purposes such as flooring & roofing applications across various regions globally including North America and Europe. Twist drills are used extensively by carpenters during installation or carpentry work on wooden surfaces that require precise holes or slots for screws or nails etc., which further boosts product demand worldwide especially among woodworkers/cabinetmakers/furniture designers etc.
Regional Analysis:
North America dominated the global twist drill market in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in construction activities and housing sector. In addition, stringent government regulations regarding mining activities are also likely to hinder regional growth over the next eight years.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rapid industrialization and urbanization coupled with increasing infrastructure spending by governments at both domestic and international levels.
Growth Factors:
- Increasing demand for Twist Drill from the automotive and aerospace industries due to their high accuracy and precision requirements.
- Rising demand for Twist Drill in the medical industry as they are used in surgeries for drilling into bones and other hard tissues.
- Growing popularity of Twist Drill among DIY enthusiasts and hobbyists owing to their easy operability and versatility.
- Increasing adoption of Twist Drill in construction applications for drilling holes into concrete, metal, wood, etcetera. 5) Technological advancements that have led to the development of more advanced twist drills with better accuracy, precision, and durability
Scope Of The Report
Report Attributes
Report Details
Report Title
Twist Drill Market Research Report
By Type
Straight Shank Twist Drill, Taper Shank Twist Drill, Double-End Twist Drill, Other
By Application
Metal, Wood, Concrete, Plastic, Other
By Companies
Sandvik Coromant, OSG, Kennamtel, SECO, Stanley Black & Decker, Mitsubishi, Guhring Group, Nachi, ISCAR, Sumitomo, Walter AG, Bosch, Mapal, Korloy, Triumph, Tiangong International, Kyocera, Irwin Tool, TDC Cutting Tool, Shanggong, Harbin No.1 Tool, Feida, Ceratizit, Greenfield Industries, Chengdu Chenliang, Harbin Measuring & Cutting Tool, 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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Twist Drill Market Report Segments:
The global Twist Drill market is segmented on the basis of:
Types
Straight Shank Twist Drill, Taper Shank Twist Drill, Double-End Twist Drill, Other
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, Concrete, Plastic, Other
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 Coromant
- OSG
- Kennamtel
- SECO
- Stanley Black & Decker
- Mitsubishi
- Guhring Group
- Nachi
- ISCAR
- Sumitomo
- Walter AG
- Bosch
- Mapal
- Korloy
- Triumph
- Tiangong International
- Kyocera
- Irwin Tool
- TDC Cutting Tool
- Shanggong
- Harbin No.1 Tool
- Feida
- Ceratizit
- Greenfield Industries
- Chengdu Chenliang
- Harbin Measuring & Cutting Tool
- Komet
- Regal Cutting Tools
- Alpen-Maykestag
- Fangda Holding
Highlights of The Twist Drill 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:
- Straight Shank Twist Drill
- Taper Shank Twist Drill
- Double-End Twist Drill
- Other
- By Application:
- Metal
- Wood
- Concrete
- Plastic
- Other
- 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 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?
Twist Drill is a type of drill that uses a rotating bit to create holes in materials.
Some of the key players operating in the twist drill market are Sandvik Coromant, OSG, Kennamtel, SECO, Stanley Black & Decker, Mitsubishi, Guhring Group, Nachi, ISCAR, Sumitomo, Walter AG, Bosch, Mapal, Korloy, Triumph, Tiangong International, Kyocera, Irwin Tool, TDC Cutting Tool, Shanggong, Harbin No.1 Tool, Feida, Ceratizit, Greenfield Industries, Chengdu Chenliang, Harbin Measuring & Cutting Tool, Komet, Regal Cutting Tools, Alpen-Maykestag, Fangda Holding.
The twist drill 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. Twist Drill 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 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 Market - Supply Chain
4.5. Global Twist Drill Market Forecast
4.5.1. Twist Drill Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Twist Drill Market Size (000 Units) and Y-o-Y Growth
4.5.3. Twist Drill Market Absolute $ Opportunity
5. Global Twist Drill 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 Market Size and Volume Forecast by Type
5.3.1. Straight Shank Twist Drill
5.3.2. Taper Shank Twist Drill
5.3.3. Double-End Twist Drill
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Twist Drill 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 Market Size and Volume Forecast by Application
6.3.1. Metal
6.3.2. Wood
6.3.3. Concrete
6.3.4. Plastic
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Twist Drill 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 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 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 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 Demand Share Forecast, 2019-2026
9. North America Twist Drill 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 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 Market Size and Volume Forecast by Application
9.4.1. Metal
9.4.2. Wood
9.4.3. Concrete
9.4.4. Plastic
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Twist Drill Market Size and Volume Forecast by Type
9.7.1. Straight Shank Twist Drill
9.7.2. Taper Shank Twist Drill
9.7.3. Double-End Twist Drill
9.7.4. Other
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 Demand Share Forecast, 2019-2026
10. Latin America Twist Drill 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 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 Market Size and Volume Forecast by Application
10.4.1. Metal
10.4.2. Wood
10.4.3. Concrete
10.4.4. Plastic
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Twist Drill Market Size and Volume Forecast by Type
10.7.1. Straight Shank Twist Drill
10.7.2. Taper Shank Twist Drill
10.7.3. Double-End Twist Drill
10.7.4. Other
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 Demand Share Forecast, 2019-2026
11. Europe Twist Drill 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 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 Market Size and Volume Forecast by Application
11.4.1. Metal
11.4.2. Wood
11.4.3. Concrete
11.4.4. Plastic
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Twist Drill Market Size and Volume Forecast by Type
11.7.1. Straight Shank Twist Drill
11.7.2. Taper Shank Twist Drill
11.7.3. Double-End Twist Drill
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-oY 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 Demand Share, 2019-2026
12. Asia Pacific Twist Drill 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 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 Market Size and Volume Forecast by Application
12.4.1. Metal
12.4.2. Wood
12.4.3. Concrete
12.4.4. Plastic
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Twist Drill Market Size and Volume Forecast by Type
12.7.1. Straight Shank Twist Drill
12.7.2. Taper Shank Twist Drill
12.7.3. Double-End Twist Drill
12.7.4. Other
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 Demand Share, 2019-2026
13. Middle East & Africa Twist Drill 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 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 Market Size and Volume Forecast by Application
13.4.1. Metal
13.4.2. Wood
13.4.3. Concrete
13.4.4. Plastic
13.4.5. Other
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 Market Size and Volume Forecast by Type
13.7.1. Straight Shank Twist Drill
13.7.2. Taper Shank Twist Drill
13.7.3. Double-End Twist Drill
13.7.4. Other
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 Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Twist Drill Market: Market Share Analysis
14.2. Twist Drill Distributors and Customers
14.3. Twist Drill Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik Coromant
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. OSG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kennamtel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SECO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Stanley Black & Decker
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Guhring 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. Nachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ISCAR
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sumitomo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Walter AG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bosch
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mapal
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Korloy
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Triumph
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tiangong International
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Kyocera
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Irwin Tool
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. TDC Cutting 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. Shanggong
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
