North America Cutting Tools Market 2023-2033 by Tool Type (Solid Round, Indexable), Product (Groovers, Reamers, Milling Cutters, Drills), Material

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January 2024 - 140 Pages - From $2,800
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North America cutting tools market is projected to grow by 4.2% annually in the forecast period and reach $12.24 million by 2033. The growth is driven by the increasing production and manufacturing activities, improved operational efficiency and innovative design, and an increasing demand for power tools for DIY activities.
Highlighted with 64 tables and 44 figures, this 140-page report “North America Cutting Tools Market 2023-2033 by Tool Type (Solid Round, Indexable), Product (Groovers, Reamers, Milling Cutters, Drills), Material (Cemented Carbide, HSS, Ceramics, CBN), Chip Breaker (Step, Ridge, Universal, Separate), Application, Industry Vertical, Distribution Channel (Offline, Online), and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire North America cutting tools market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America cutting tools market in every aspect of the classification from perspectives of Tool Type, Product, Material, Chip Breaker, Application, Industry Vertical, Distribution Channel, and Country.

Based on Tool Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Solid Round Tools
• Indexable Cutting Tools

Based on Product, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Groovers
• Reamers
• Milling Cutters
• Drills
• Other Products

By Material, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Cemented Carbide
• High-speed Steel (HSS)
• Ceramics
• Cubic Boron Nitride (CBN)
• Other Materials

By Chip Breaker, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Step/Shelf Chip Breaker
• Groove/Ridge Chip Breaker
• Universal Chip Breaker
• Separate Chip Breaker

By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Threading & Milling
• Shearing & Parting
• Grooving & Drilling
• Boring

By Industry Vertical, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Automotive Industry
• General Manufacturing
• Aerospace & Defense
• Oil & Gas
• Electronics Industry
• Construction
• Energy & Power
• Medical Industry
• Other Industry Verticals

By Distribution Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Offline Sales
• Online Sales

Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets by Tool Type, Material, and Industry Vertical over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Ceratizit Group
Fraisa SA
Hikoki
Hilti Corporation
ICS Cutting Tools Inc.
Ingersoll Cutting Tools
Iscar Ltd.
J Schneeberger Maschinen AG
Kelin Tools
Kennametal Inc.
Kyocera
Makita Corporation
Mapal
OSG Corporation
OTTO BAIER GmbH
Robert Bosch
Sandvik AG
Snap-on Incorporated
Stanley Black & Decker
Vollmer
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 26
2.1.3 Impact of Russia-Ukraine Conflict 28
2.1.4 Impact of Israel-Palestine War 30
2.2 Major Growth Drivers 32
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of North America Market by Tool Type 46
3.1 Market Overview by Tool Type 46
3.2 Solid Round Tools 50
3.3 Indexable Cutting Tools 51
4 Segmentation of North America Market by Product 52
4.1 Market Overview by Product 52
4.2 Groovers 56
4.3 Reamers 57
4.4 Milling Cutters 58
4.5 Drills 59
4.6 Other Products 60
5 Segmentation of North America Market by Material 61
5.1 Market Overview by Material 61
5.2 Cemented Carbide 65
5.3 High-speed Steel (HSS) 66
5.4 Ceramics 67
5.5 Cubic Boron Nitride (CBN) 68
5.6 Other Materials 69
6 Segmentation of North America Market by Chip Breaker 70
6.1 Market Overview by Chip Breaker 70
6.2 Step/Shelf Chip Breaker 74
6.3 Groove/Ridge Chip Breaker 75
6.4 Universal Chip Breaker 76
6.5 Separate Chip Breaker 77
7 Segmentation of North America Market by Application 78
7.1 Market Overview by Application 78
7.2 Threading & Milling 82
7.3 Shearing & Parting 83
7.4 Grooving & Drilling 84
7.5 Boring 85
8 Segmentation of North America Market by Industry Vertical 86
8.1 Market Overview by Industry Vertical 86
8.2 Automotive Industry 90
8.3 General Manufacturing 91
8.4 Aerospace & Defense 92
8.5 Oil & Gas 93
8.6 Electronics Industry 94
8.7 Construction 95
8.8 Energy & Power 96
8.9 Medical Industry 97
8.10 Other Industry Verticals 98
9 Segmentation of North America Market by Distribution Channel 99
9.1 Market Overview by Distribution Channel 99
9.2 Offline Sales 103
9.3 Online Sales 104
10 North America Market 2023-2033 by Country 105
10.1 Overview of North America Market 105
10.2 U.S. 108
10.3 Canada 111
10.4 Mexico 113
11 Competitive Landscape 115
11.1 Overview of Key Vendors 115
11.2 New Product Launch, Partnership, Investment, and M&A 118
11.3 Company Profiles 119
Ceratizit Group 119
Fraisa SA 121
Hikoki 122
Hilti Corporation 123
ICS Cutting Tools Inc. 124
Ingersoll Cutting Tools 125
Iscar Ltd. 126
J Schneeberger Maschinen AG 127
Kelin Tools 128
Kennametal Inc. 129
Kyocera 130
Makita Corporation 131
Mapal 132
OSG Corporation 133
OTTO BAIER GmbH 134
Robert Bosch 135
Sandvik AG 136
Snap-on Incorporated 137
Stanley Black & Decker 138
Vollmer 139
RELATED REPORTS 140

List of Tables:

Table 1. Snapshot of North America Cutting Tools Market in Balanced Perspective, 2023-2033 18
Table 2. World Economic Outlook, 2024-2036 23
Table 3. World Economic Outlook, 2022-2024 25
Table 4. Scenarios for Economic Impact of Ukraine Crisis 29
Table 5. Scenarios for Economic Impact of Israel-Palestine War 30
Table 6. Main Product Trends and Market Opportunities in North America Cutting Tools Market 38
Table 7. North America Cutting Tools Market by Tool Type, 2023-2033, $ mn 46
Table 8. North America Cutting Tools Market by Tool Type, 2023-2033, million units 48
Table 9. North America Cutting Tools Market by Tool Type: Solid Round Tools, 2023-2033, $ mn and million units 50
Table 10. North America Cutting Tools Market by Tool Type: Indexable Cutting Tools, 2023-2033, $ mn and million units 51
Table 11. North America Cutting Tools Market by Product, 2023-2033, $ mn 52
Table 12. North America Cutting Tools Market by Product, 2023-2033, million units 54
Table 13. North America Cutting Tools Market by Product: Groovers, 2023-2033, $ mn and million units 56
Table 14. North America Cutting Tools Market by Product: Reamers, 2023-2033, $ mn and million units 57
Table 15. North America Cutting Tools Market by Product: Milling Cutters, 2023-2033, $ mn and million units 58
Table 16. North America Cutting Tools Market by Product: Drills, 2023-2033, $ mn and million units 59
Table 17. North America Cutting Tools Market by Product: Other Products, 2023-2033, $ mn and million units 60
Table 18. North America Cutting Tools Market by Material, 2023-2033, $ mn 61
Table 19. North America Cutting Tools Market by Material, 2023-2033, million units 63
Table 20. North America Cutting Tools Market by Material: Cemented Carbide, 2023-2033, $ mn and million units 65
Table 21. North America Cutting Tools Market by Material: High-speed Steel (HSS), 2023-2033, $ mn and million units 66
Table 22. North America Cutting Tools Market by Material: Ceramics, 2023-2033, $ mn and million units 67
Table 23. North America Cutting Tools Market by Material: Cubic Boron Nitride (CBN), 2023-2033, $ mn and million units 68
Table 24. North America Cutting Tools Market by Material: Other Materials, 2023-2033, $ mn and million units 69
Table 25. North America Cutting Tools Market by Chip Breaker, 2023-2033, $ mn 70
Table 26. North America Cutting Tools Market by Chip Breaker, 2023-2033, million units 72
Table 27. North America Cutting Tools Market by Chip Breaker: Step/Shelf Chip Breaker, 2023-2033, $ mn and million units 74
Table 28. North America Cutting Tools Market by Chip Breaker: Groove/Ridge Chip Breaker, 2023-2033, $ mn and million units 75
Table 29. North America Cutting Tools Market by Chip Breaker: Universal Chip Breaker, 2023-2033, $ mn and million units 76
Table 30. North America Cutting Tools Market by Chip Breaker: Separate Chip Breaker, 2023-2033, $ mn and million units 77
Table 31. North America Cutting Tools Market by Application, 2023-2033, $ mn 78
Table 32. North America Cutting Tools Market by Application, 2023-2033, million units 80
Table 33. North America Cutting Tools Market by Application: Threading & Milling, 2023-2033, $ mn and million units 82
Table 34. North America Cutting Tools Market by Application: Shearing & Parting, 2023-2033, $ mn and million units 83
Table 35. North America Cutting Tools Market by Application: Grooving & Drilling, 2023-2033, $ mn and million units 84
Table 36. North America Cutting Tools Market by Application: Boring, 2023-2033, $ mn and million units 85
Table 37. North America Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 86
Table 38. North America Cutting Tools Market by Industry Vertical, 2023-2033, million units 88
Table 39. North America Cutting Tools Market by Industry Vertical: Automotive Industry, 2023-2033, $ mn and million units 90
Table 40. North America Cutting Tools Market by Industry Vertical: General Manufacturing, 2023-2033, $ mn and million units 91
Table 41. North America Cutting Tools Market by Industry Vertical: Aerospace & Defense, 2023-2033, $ mn and million units 92
Table 42. North America Cutting Tools Market by Industry Vertical: Oil & Gas, 2023-2033, $ mn and million units 93
Table 43. North America Cutting Tools Market by Industry Vertical: Electronics Industry, 2023-2033, $ mn and million units 94
Table 44. North America Cutting Tools Market by Industry Vertical: Construction, 2023-2033, $ mn and million units 95
Table 45. North America Cutting Tools Market by Industry Vertical: Energy & Power, 2023-2033, $ mn and million units 96
Table 46. North America Cutting Tools Market by Industry Vertical: Medical Industry, 2023-2033, $ mn and million units 97
Table 47. North America Cutting Tools Market by Industry Vertical: Other Industry Verticals, 2023-2033, $ mn and million units 98
Table 48. North America Cutting Tools Market by Distribution Channel, 2023-2033, $ mn 99
Table 49. North America Cutting Tools Market by Distribution Channel, 2023-2033, million units 101
Table 50. North America Cutting Tools Market by Distribution Channel: Offline Sales, 2023-2033, $ mn and million units 103
Table 51. North America Cutting Tools Market by Distribution Channel: Online Sales, 2023-2033, $ mn and million units 104
Table 52. North America Cutting Tools Market by Country, 2023-2033, $ mn 106
Table 53. U.S. Cutting Tools Market by Tool Type, 2023-2033, $ mn 110
Table 54. U.S. Cutting Tools Market by Material, 2023-2033, $ mn 110
Table 55. U.S. Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 110
Table 56. Canada Cutting Tools Market by Tool Type, 2023-2033, $ mn 112
Table 57. Canada Cutting Tools Market by Material, 2023-2033, $ mn 112
Table 58. Canada Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 112
Table 59. Mexico Cutting Tools Market by Tool Type, 2023-2033, $ mn 114
Table 60. Mexico Cutting Tools Market by Material, 2023-2033, $ mn 114
Table 61. Mexico Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 114
Table 62. Ceratizit Group: Company Snapshot 119
Table 63. Ceratizit Group: Business Segmentation 120
Table 64. Ceratizit Group: Product Portfolio 120

 

 

List of Figures:

Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 17
Figure 4. North America Cutting Tools Market by Value, 2023-2033, $ mn 20
Figure 5. North America Cutting Tools Market by Volume, 2023-2033, million units 21
Figure 6. Impact of COVID-19 on Business 26
Figure 7. Primary Drivers and Impact Factors of North America Cutting Tools Market 32
Figure 8. Primary Restraints and Impact Factors of North America Cutting Tools Market 35
Figure 9. Investment Opportunity Analysis 39
Figure 10. Porter’s Fiver Forces Analysis of North America Cutting Tools Market 42
Figure 11. Breakdown of North America Cutting Tools Market by Tool Type, 2023-2033, % of Revenue 47
Figure 12. North America Addressable Market Cap in 2024-2033 by Tool Type, Value ($ mn) and Share (%) 47
Figure 13. Breakdown of North America Cutting Tools Market by Tool Type, 2023-2033, % of Sales Volume 49
Figure 14. North America Addressable Market Cap in 2024-2033 by Tool Type, Volume (million units) and Share (%) 49
Figure 15. Breakdown of North America Cutting Tools Market by Product, 2023-2033, % of Sales Revenue 53
Figure 16. North America Addressable Market Cap in 2024-2033 by Product, Value ($ mn) and Share (%) 53
Figure 17. Breakdown of North America Cutting Tools Market by Product, 2023-2033, % of Sales Volume 55
Figure 18. North America Addressable Market Cap in 2024-2033 by Product, Volume (million units) and Share (%) 55
Figure 19. Breakdown of North America Cutting Tools Market by Material, 2023-2033, % of Sales Revenue 62
Figure 20. North America Addressable Market Cap in 2024-2033 by Material, Value ($ mn) and Share (%) 62
Figure 21. Breakdown of North America Cutting Tools Market by Material, 2023-2033, % of Sales Volume 64
Figure 22. North America Addressable Market Cap in 2024-2033 by Material, Volume (million units) and Share (%) 64
Figure 23. Breakdown of North America Cutting Tools Market by Chip Breaker, 2023-2033, % of Revenue 71
Figure 24. North America Addressable Market Cap in 2024-2033 by Chip Breaker, Value ($ mn) and Share (%) 71
Figure 25. Breakdown of North America Cutting Tools Market by Chip Breaker, 2023-2033, % of Sales Volume 73
Figure 26. North America Addressable Market Cap in 2024-2033 by Chip Breaker, Volume (million units) and Share (%) 73
Figure 27. Breakdown of North America Cutting Tools Market by Application, 2023-2033, % of Revenue 79
Figure 28. North America Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 79
Figure 29. Breakdown of North America Cutting Tools Market by Application, 2023-2033, % of Sales Volume 81
Figure 30. North America Addressable Market Cap in 2024-2033 by Application, Volume (million units) and Share (%) 81
Figure 31. Breakdown of North America Cutting Tools Market by Industry Vertical, 2023-2033, % of Revenue 87
Figure 32. North America Addressable Market Cap in 2024-2033 by Industry Vertical, Value ($ mn) and Share (%) 87
Figure 33. Breakdown of North America Cutting Tools Market by Industry Vertical, 2023-2033, % of Sales Volume 89
Figure 34. North America Addressable Market Cap in 2024-2033 by Industry Vertical, Volume (million units) and Share (%) 89
Figure 35. Breakdown of North America Cutting Tools Market by Distribution Channel, 2023-2033, % of Revenue 99
Figure 36. North America Addressable Market Cap in 2024-2033 by Distribution Channel, Value ($ mn) and Share (%) 100
Figure 37. Breakdown of North America Cutting Tools Market by Distribution Channel, 2023-2033, % of Sales Volume 101
Figure 38. North America Addressable Market Cap in 2024-2033 by Distribution Channel, Volume (million units) and Share (%) 102
Figure 39. Breakdown of North America Cutting Tools Market by Country, 2023 and 2033, % of Revenue 106
Figure 40. Contribution to North America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 107
Figure 41. U.S. Cutting Tools Market, 2023-2033, $ mn 109
Figure 42. Canada Cutting Tools Market, 2023-2033, $ mn 111
Figure 43. Cutting Tools Market in Mexico, 2023-2033, $ mn 113
Figure 44. Growth Stage of North America Cutting Tools Industry over the Forecast Period 115

 

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