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

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January 2024 - 148 Pages - From $2,800
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Asia Pacific cutting tools market will grow by 6.0% annually with a total addressable market cap of $163.03 billion over 2024-2033. 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 71 tables and 47 figures, this 148-page report “Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) 
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 9
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 27
2.1.3 Impact of Russia-Ukraine Conflict 29
2.1.4 Impact of Israel-Palestine War 31
2.2 Major Growth Drivers 33
2.3 Market Restraints and Challenges 36
2.4 Emerging Opportunities and Market Trends 39
2.5 Porter’s Fiver Forces Analysis 43
3 Segmentation of Asia Pacific Market by Tool Type 47
3.1 Market Overview by Tool Type 47
3.2 Solid Round Tools 51
3.3 Indexable Cutting Tools 52
4 Segmentation of Asia Pacific Market by Product 53
4.1 Market Overview by Product 53
4.2 Groovers 57
4.3 Reamers 58
4.4 Milling Cutters 59
4.5 Drills 60
4.6 Other Products 61
5 Segmentation of Asia Pacific Market by Material 62
5.1 Market Overview by Material 62
5.2 Cemented Carbide 66
5.3 High-speed Steel (HSS) 67
5.4 Ceramics 68
5.5 Cubic Boron Nitride (CBN) 69
5.6 Other Materials 70
6 Segmentation of Asia Pacific Market by Chip Breaker 71
6.1 Market Overview by Chip Breaker 71
6.2 Step/Shelf Chip Breaker 75
6.3 Groove/Ridge Chip Breaker 76
6.4 Universal Chip Breaker 77
6.5 Separate Chip Breaker 78
7 Segmentation of Asia Pacific Market by Application 79
7.1 Market Overview by Application 79
7.2 Threading & Milling 83
7.3 Shearing & Parting 84
7.4 Grooving & Drilling 85
7.5 Boring 86
8 Segmentation of Asia Pacific Market by Industry Vertical 87
8.1 Market Overview by Industry Vertical 87
8.2 Automotive Industry 91
8.3 General Manufacturing 92
8.4 Aerospace & Defense 93
8.5 Oil & Gas 94
8.6 Electronics Industry 95
8.7 Construction 96
8.8 Energy & Power 97
8.9 Medical Industry 98
8.10 Other Industry Verticals 99
9 Segmentation of Asia Pacific Market by Distribution Channel 100
9.1 Market Overview by Distribution Channel 100
9.2 Offline Sales 104
9.3 Online Sales 105
10 Asia-Pacific Market 2023-2033 by Country 106
10.1 Overview of Asia-Pacific Market 106
10.2 Japan 109
10.3 China 112
10.4 Australia 115
10.5 India 117
10.6 South Korea 119
10.7 Rest of APAC Region 121
11 Competitive Landscape 123
11.1 Overview of Key Vendors 123
11.2 New Product Launch, Partnership, Investment, and M&A 126
11.3 Company Profiles 127
Ceratizit Group 127
Fraisa SA 129
Hikoki 130
Hilti Corporation 131
ICS Cutting Tools Inc. 132
Ingersoll Cutting Tools 133
Iscar Ltd. 134
J Schneeberger Maschinen AG 135
Kelin Tools 136
Kennametal Inc. 137
Kyocera 138
Makita Corporation 139
Mapal 140
OSG Corporation 141
OTTO BAIER GmbH 142
Robert Bosch 143
Sandvik AG 144
Snap-on Incorporated 145
Stanley Black & Decker 146
Vollmer 147
RELATED REPORTS 148
List of Tables:
 
Table 1.  Snapshot of Asia Pacific Cutting Tools Market in Balanced Perspective, 2023-2033 19
Table 2. World Economic Outlook, 2024-2036 24
Table 3. World Economic Outlook, 2022-2024 26
Table 4. Scenarios for Economic Impact of Ukraine Crisis 30
Table 5. Scenarios for Economic Impact of Israel-Palestine War 31
Table 6.  Main Product Trends and Market Opportunities in Asia Pacific Cutting Tools Market 39
Table 7. Asia Pacific Cutting Tools Market by Tool Type, 2023-2033, $ mn 47
Table 8. Asia Pacific Cutting Tools Market by Tool Type, 2023-2033, million units 49
Table 9. Asia Pacific Cutting Tools Market by Tool Type: Solid Round Tools, 2023-2033, $ mn and million units 51
Table 10. Asia Pacific Cutting Tools Market by Tool Type: Indexable Cutting Tools, 2023-2033, $ mn and million units 52
Table 11. Asia Pacific Cutting Tools Market by Product, 2023-2033, $ mn 53
Table 12. Asia Pacific Cutting Tools Market by Product, 2023-2033, million units 55
Table 13. Asia Pacific Cutting Tools Market by Product: Groovers, 2023-2033, $ mn and million units 57
Table 14. Asia Pacific Cutting Tools Market by Product: Reamers, 2023-2033, $ mn and million units 58
Table 15. Asia Pacific Cutting Tools Market by Product: Milling Cutters, 2023-2033, $ mn and million units 59
Table 16. Asia Pacific Cutting Tools Market by Product: Drills, 2023-2033, $ mn and million units 60
Table 17. Asia Pacific Cutting Tools Market by Product: Other Products, 2023-2033, $ mn and million units 61
Table 18. Asia Pacific Cutting Tools Market by Material, 2023-2033, $ mn 62
Table 19. Asia Pacific Cutting Tools Market by Material, 2023-2033, million units 64
Table 20. Asia Pacific Cutting Tools Market by Material: Cemented Carbide, 2023-2033, $ mn and million units 66
Table 21. Asia Pacific Cutting Tools Market by Material: High-speed Steel (HSS), 2023-2033, $ mn and million units 67
Table 22. Asia Pacific Cutting Tools Market by Material: Ceramics, 2023-2033, $ mn and million units 68
Table 23. Asia Pacific Cutting Tools Market by Material: Cubic Boron Nitride (CBN), 2023-2033, $ mn and million units 69
Table 24. Asia Pacific Cutting Tools Market by Material: Other Materials, 2023-2033, $ mn and million units 70
Table 25. Asia Pacific Cutting Tools Market by Chip Breaker, 2023-2033, $ mn 71
Table 26. Asia Pacific Cutting Tools Market by Chip Breaker, 2023-2033, million units 73
Table 27. Asia Pacific Cutting Tools Market by Chip Breaker: Step/Shelf Chip Breaker, 2023-2033, $ mn and million units 75
Table 28. Asia Pacific Cutting Tools Market by Chip Breaker: Groove/Ridge Chip Breaker, 2023-2033, $ mn and million units 76
Table 29. Asia Pacific Cutting Tools Market by Chip Breaker: Universal Chip Breaker, 2023-2033, $ mn and million units 77
Table 30. Asia Pacific Cutting Tools Market by Chip Breaker: Separate Chip Breaker, 2023-2033, $ mn and million units 78
Table 31. Asia Pacific Cutting Tools Market by Application, 2023-2033, $ mn 79
Table 32. Asia Pacific Cutting Tools Market by Application, 2023-2033, million units 81
Table 33. Asia Pacific Cutting Tools Market by Application: Threading & Milling, 2023-2033, $ mn and million units 83
Table 34. Asia Pacific Cutting Tools Market by Application: Shearing & Parting, 2023-2033, $ mn and million units 84
Table 35. Asia Pacific Cutting Tools Market by Application: Grooving & Drilling, 2023-2033, $ mn and million units 85
Table 36. Asia Pacific Cutting Tools Market by Application: Boring, 2023-2033, $ mn and million units 86
Table 37. Asia Pacific Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 87
Table 38. Asia Pacific Cutting Tools Market by Industry Vertical, 2023-2033, million units 89
Table 39. Asia Pacific Cutting Tools Market by Industry Vertical: Automotive Industry, 2023-2033, $ mn and million units 91
Table 40. Asia Pacific Cutting Tools Market by Industry Vertical: General Manufacturing, 2023-2033, $ mn and million units 92
Table 41. Asia Pacific Cutting Tools Market by Industry Vertical: Aerospace & Defense, 2023-2033, $ mn and million units 93
Table 42. Asia Pacific Cutting Tools Market by Industry Vertical: Oil & Gas, 2023-2033, $ mn and million units 94
Table 43. Asia Pacific Cutting Tools Market by Industry Vertical: Electronics Industry, 2023-2033, $ mn and million units 95
Table 44. Asia Pacific Cutting Tools Market by Industry Vertical: Construction, 2023-2033, $ mn and million units 96
Table 45. Asia Pacific Cutting Tools Market by Industry Vertical: Energy & Power, 2023-2033, $ mn and million units 97
Table 46. Asia Pacific Cutting Tools Market by Industry Vertical: Medical Industry, 2023-2033, $ mn and million units 98
Table 47. Asia Pacific Cutting Tools Market by Industry Vertical: Other Industry Verticals, 2023-2033, $ mn and million units 99
Table 48. Asia Pacific Cutting Tools Market by Distribution Channel, 2023-2033, $ mn 100
Table 49. Asia Pacific Cutting Tools Market by Distribution Channel, 2023-2033, million units 102
Table 50. Asia Pacific Cutting Tools Market by Distribution Channel: Offline Sales, 2023-2033, $ mn and million units 104
Table 51. Asia Pacific Cutting Tools Market by Distribution Channel: Online Sales, 2023-2033, $ mn and million units 105
Table 52. APAC Cutting Tools Market by Country, 2023-2033, $ mn 107
Table 53. Japan Cutting Tools Market by Tool Type, 2023-2033, $ mn 111
Table 54. Japan Cutting Tools Market by Material, 2023-2033, $ mn 111
Table 55. Japan Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 111
Table 56. China Cutting Tools Market by Tool Type, 2023-2033, $ mn 113
Table 57. China Cutting Tools Market by Material, 2023-2033, $ mn 113
Table 58. China Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 113
Table 59. Australia Cutting Tools Market by Tool Type, 2023-2033, $ mn 116
Table 60. Australia Cutting Tools Market by Material, 2023-2033, $ mn 116
Table 61. Australia Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 116
Table 62. India Cutting Tools Market by Tool Type, 2023-2033, $ mn 118
Table 63. India Cutting Tools Market by Material, 2023-2033, $ mn 118
Table 64. India Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 118
Table 65. South Korea Cutting Tools Market by Tool Type, 2023-2033, $ mn 120
Table 66. South Korea Cutting Tools Market by Material, 2023-2033, $ mn 120
Table 67. South Korea Cutting Tools Market by Industry Vertical, 2023-2033, $ mn 120
Table 68. Cutting Tools Market in Rest of APAC by Country/Region, 2023-2033, $ mn 122
Table 69. Ceratizit Group: Company Snapshot 127
Table 70. Ceratizit Group: Business Segmentation 128
Table 71. Ceratizit Group: Product Portfolio 128
 
 
 
 
List of Figures:
 
Figure 1. Research Method Flow Chart 13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 18
Figure 4. Asia Pacific Cutting Tools Market by Value, 2023-2033, $ mn 21
Figure 5. Asia Pacific Cutting Tools Market by Volume, 2023-2033, million units 22
Figure 6. Impact of COVID-19 on Business 27
Figure 7. Primary Drivers and Impact Factors of Asia Pacific Cutting Tools Market 33
Figure 8. Primary Restraints and Impact Factors of Asia Pacific Cutting Tools Market 36
Figure 9. Investment Opportunity Analysis 40
Figure 10. Porter’s Fiver Forces Analysis of Asia Pacific Cutting Tools Market 43
Figure 11. Breakdown of Asia Pacific Cutting Tools Market by Tool Type, 2023-2033, % of Revenue 48
Figure 12. Asia Pacific Addressable Market Cap in 2024-2033 by Tool Type, Value ($ mn) and Share (%) 48
Figure 13. Breakdown of Asia Pacific Cutting Tools Market by Tool Type, 2023-2033, % of Sales Volume 50
Figure 14. Asia Pacific Addressable Market Cap in 2024-2033 by Tool Type, Volume (million units) and Share (%) 50
Figure 15. Breakdown of Asia Pacific Cutting Tools Market by Product, 2023-2033, % of Sales Revenue 54
Figure 16. Asia Pacific Addressable Market Cap in 2024-2033 by Product, Value ($ mn) and Share (%) 54
Figure 17. Breakdown of Asia Pacific Cutting Tools Market by Product, 2023-2033, % of Sales Volume 56
Figure 18. Asia Pacific Addressable Market Cap in 2024-2033 by Product, Volume (million units) and Share (%) 56
Figure 19. Breakdown of Asia Pacific Cutting Tools Market by Material, 2023-2033, % of Sales Revenue 63
Figure 20. Asia Pacific Addressable Market Cap in 2024-2033 by Material, Value ($ mn) and Share (%) 63
Figure 21. Breakdown of Asia Pacific Cutting Tools Market by Material, 2023-2033, % of Sales Volume 65
Figure 22. Asia Pacific Addressable Market Cap in 2024-2033 by Material, Volume (million units) and Share (%) 65
Figure 23. Breakdown of Asia Pacific Cutting Tools Market by Chip Breaker, 2023-2033, % of Revenue 72
Figure 24. Asia Pacific Addressable Market Cap in 2024-2033 by Chip Breaker, Value ($ mn) and Share (%) 72
Figure 25. Breakdown of Asia Pacific Cutting Tools Market by Chip Breaker, 2023-2033, % of Sales Volume 74
Figure 26. Asia Pacific Addressable Market Cap in 2024-2033 by Chip Breaker, Volume (million units) and Share (%) 74
Figure 27. Breakdown of Asia Pacific Cutting Tools Market by Application, 2023-2033, % of Revenue 80
Figure 28. Asia Pacific Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 80
Figure 29. Breakdown of Asia Pacific Cutting Tools Market by Application, 2023-2033, % of Sales Volume 82
Figure 30. Asia Pacific Addressable Market Cap in 2024-2033 by Application, Volume (million units) and Share (%) 82
Figure 31. Breakdown of Asia Pacific Cutting Tools Market by Industry Vertical, 2023-2033, % of Revenue 88
Figure 32. Asia Pacific Addressable Market Cap in 2024-2033 by Industry Vertical, Value ($ mn) and Share (%) 88
Figure 33. Breakdown of Asia Pacific Cutting Tools Market by Industry Vertical, 2023-2033, % of Sales Volume 90
Figure 34. Asia Pacific Addressable Market Cap in 2024-2033 by Industry Vertical, Volume (million units) and Share (%) 90
Figure 35. Breakdown of Asia Pacific Cutting Tools Market by Distribution Channel, 2023-2033, % of Revenue 100
Figure 36. Asia Pacific Addressable Market Cap in 2024-2033 by Distribution Channel, Value ($ mn) and Share (%) 101
Figure 37. Breakdown of Asia Pacific Cutting Tools Market by Distribution Channel, 2023-2033, % of Sales Volume 102
Figure 38. Asia Pacific Addressable Market Cap in 2024-2033 by Distribution Channel, Volume (million units) and Share (%) 103
Figure 39. Breakdown of APAC Cutting Tools Market by Country, 2023 and 2033, % of Revenue 107
Figure 40. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 108
Figure 41.  Cutting Tools Market in Japan, 2023-2033, $ mn 110
Figure 42.  Cutting Tools Market in China, 2023-2033, $ mn 112
Figure 43.  Cutting Tools Market in Australia, 2023-2033, $ mn 115
Figure 44.  Cutting Tools Market in India, 2023-2033, $ mn 117
Figure 45.  Cutting Tools Market in South Korea, 2023-2033, $ mn 119
Figure 46.  Cutting Tools Market in Rest of APAC, 2023-2033, $ mn 121
Figure 47. Growth Stage of Asia Pacific Cutting Tools Industry over the Forecast Period 123
 

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