Press release
Annular Cutters Market Share, Growth & Comprehensive Analysis 2025 to 2031 | Top Companies - Milwaukee, Nitto Kohki, and Fein
Annular Cutters Market
The global market for Annular Cutters was estimated to be worth US$ 128 million in 2024 and is forecast to a readjusted size of US$ 173 million by 2031 with a CAGR of 4.6% during the forecast period 2025-2031.
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Market Overview -
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Annular Cutters cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
An annular cutter is form of core drill used to create holes in metal. An annular cutter, named after the annulus shape, cuts only a groove at the periphery of the hole and leaves a solid core or slug at the center.
In 2024, global Annular Cutters production reached approximately 3.75 million units, with an average global market price of around US$ 34 per unit.
Hougen is the largest manufacturer of global annular cutters market, holds a share over 10%, other key players include Milwaukee, Nitto Kohki, and Fein, etc. Asia-pacific is the largest market, occupied for over 40 percent, followed by Europe.
Key Growth Drivers -
The annular cutter market shows strong global growth potential, driven by the increasing demand for efficient, precise, and time-saving metal cutting solutions across industries such as construction, shipbuilding, automotive, railways, aerospace, oil & gas, and heavy engineering, as annular cutters-designed to remove only the periphery of a hole rather than the entire material-offer faster drilling speeds, reduced power consumption, extended tool life, and cleaner finishes compared to conventional twist drills, making them an indispensable choice for large-diameter and deep-hole drilling applications; rapid industrialization and urban infrastructure development in Asia-Pacific, the Middle East, and Africa are spurring demand for steel structures, pipelines, and machinery, directly boosting the adoption of magnetic drill machines paired with annular cutters, while mature markets in North America and Europe continue to see steady replacement demand and rising usage in renewable energy projects like wind turbines and offshore platforms; technological innovations such as carbide-tipped and coated annular cutters, offering enhanced wear resistance and the ability to cut high-strength alloys, are further expanding the application scope into aerospace-grade metals and advanced engineering materials; the growing focus on operational efficiency, cost reduction, and workplace safety is encouraging industries to shift from traditional drilling methods toward annular cutters, while the aftermarket for resharpening, re-tipping, and replacement cutters provides recurring revenue opportunities for manufacturers and distributors; e-commerce platforms and global distributor networks are also expanding accessibility, especially for small and medium-sized enterprises; despite competition from conventional drilling tools and the need for higher upfront investment, the clear advantages in productivity, precision, and durability strongly position annular cutters as the preferred drilling solution in both industrial and construction sectors, ensuring steady global market expansion and long-term adoption.
Major Company Included: -
Hougen
Milwaukee
Nitto Kohki
Fein
BDS
Ruko
EVOLUTION
Zhejiang Xinxing Tools
DEWALT
Euroboor
CHAMPION
ALFRA
Powerbor
KARNASCH
Lalson
The competitive section of the report provides essential insights needed for companies to strengthen their market positioning. It highlights the strategies adopted by leading players-covering innovation, pricing models, marketing channels, distribution networks, and regional expansion. This evaluation enables market participants to identify competitive advantages and understand challenges that may affect their long-term performance.
Market Segmentation -
The report presents a granular breakdown of the global Annular Cutters market, emphasizing CAGR, market share, future potential, and emerging trends across each segment.
By Type
HSS Type
TCT Type
By Application
General Industrial
Construction Industrial
Others
This segmentation helps identify high-growth niches and valuable investment opportunities across product types and applications.
Regional Analysis -
The report offers a detailed geographic assessment covering four major regions and key contributing countries. Insights include consumption patterns, production levels, market share distribution, and long-term growth prospects.
North America
United States
Canada
Mexico
Latin America
Brazil
Other key regional markets
Asia-Pacific
China
Japan
India
South Korea
ASEAN Countries
Europe, Middle East & Africa (EMEA)
Germany
France
United Kingdom
GCC Countries
African Nations
The analysis spans from 2024 (base year) to 2031 (forecast period).
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Why This Report Is Essential -
✔ Complete Historical & Forecast Analysis (2020-2031)
✔ Detailed Segmentation by Type, Application & Region
✔ In-Depth Competitive Landscape & Company Profiling
✔ Drivers, Restraints & Market Dynamics Explained
✔ Expert Insights to Support Strategic Planning
Report Objectives -
✔ Measure the global Annular Cutters market size (value & volume).
✔ Accurately analyze market shares, consumption trends, and segment performance.
✔ Examine major market dynamics and industry-shaping forces.
✔ Identify and discuss key production, revenue, and sales trends.
✔ Profile top market players and evaluate their competitive strategies.
✔ Review manufacturing practices, pricing structures, and cost trends.
✔ Compare regional and national market performance across key geographies.
✔ Forecast segment-wise and region-wise growth opportunities through 2031.
Key Questions Answered in the Report -
✔ What is the size and estimated growth rate of the global and regional Annular Cutters market?
✔ Which countries are expected to display the strongest growth?
✔ Which region will dominate the market throughout the forecast period?
✔ What are the main factors driving or restraining market expansion?
✔ What technological advancements are shaping future demand?
✔ Where are the key opportunities for new entrants and established players?
✔ Which companies currently hold the highest market share?
✔ How will market dynamics evolve from 2025 to 2031?
Table of Contents - Major Key Points:
1 Market Overview
1.1 Annular Cutters Product Introduction
1.2 Global Annular Cutters Market Size Forecast
1.2.1 Global Annular Cutters Sales Value (2020-2031)
1.2.2 Global Annular Cutters Sales Volume (2020-2031)
1.2.3 Global Annular Cutters Sales Price (2020-2031)
1.3 Annular Cutters Market Trends & Drivers
1.3.1 Annular Cutters Industry Trends
1.3.2 Annular Cutters Market Drivers & Opportunity
1.3.3 Annular Cutters Market Challenges
1.3.4 Annular Cutters Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Annular Cutters Players Revenue Ranking (2024)
2.2 Global Annular Cutters Revenue by Company (2020-2025)
2.3 Global Annular Cutters Players Sales Volume Ranking (2024)
2.4 Global Annular Cutters Sales Volume by Company Players (2020-2025)
2.5 Global Annular Cutters Average Price by Company (2020-2025)
2.6 Key Manufacturers Annular Cutters Manufacturing Base and Headquarters
2.7 Key Manufacturers Annular Cutters Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Annular Cutters
2.9 Annular Cutters Market Competitive Analysis
2.9.1 Annular Cutters Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Annular Cutters Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Annular Cutters as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 HSS Type
3.1.2 TCT Type
3.2 Global Annular Cutters Sales Value by Type
3.2.1 Global Annular Cutters Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Annular Cutters Sales Value, by Type (2020-2031)
3.2.3 Global Annular Cutters Sales Value, by Type (%) (2020-2031)
3.3 Global Annular Cutters Sales Volume by Type
3.3.1 Global Annular Cutters Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Annular Cutters Sales Volume, by Type (2020-2031)
3.3.3 Global Annular Cutters Sales Volume, by Type (%) (2020-2031)
3.4 Global Annular Cutters Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 General Industrial
4.1.2 Construction Industrial
4.1.3 Others
4.2 Global Annular Cutters Sales Value by Application
4.2.1 Global Annular Cutters Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Annular Cutters Sales Value, by Application (2020-2031)
4.2.3 Global Annular Cutters Sales Value, by Application (%) (2020-2031)
4.3 Global Annular Cutters Sales Volume by Application
4.3.1 Global Annular Cutters Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Annular Cutters Sales Volume, by Application (2020-2031)
4.3.3 Global Annular Cutters Sales Volume, by Application (%) (2020-2031)
4.4 Global Annular Cutters Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Annular Cutters Sales Value by Region
5.1.1 Global Annular Cutters Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Annular Cutters Sales Value by Region (2020-2025)
5.1.3 Global Annular Cutters Sales Value by Region (2026-2031)
5.1.4 Global Annular Cutters Sales Value by Region (%), (2020-2031)
5.2 Global Annular Cutters Sales Volume by Region
5.2.1 Global Annular Cutters Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Annular Cutters Sales Volume by Region (2020-2025)
5.2.3 Global Annular Cutters Sales Volume by Region (2026-2031)
5.2.4 Global Annular Cutters Sales Volume by Region (%), (2020-2031)
5.3 Global Annular Cutters Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Annular Cutters Sales Value, 2020-2031
5.4.2 North America Annular Cutters Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Annular Cutters Sales Value, 2020-2031
5.5.2 Europe Annular Cutters Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Annular Cutters Sales Value, 2020-2031
5.6.2 Asia Pacific Annular Cutters Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Annular Cutters Sales Value, 2020-2031
5.7.2 South America Annular Cutters Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Annular Cutters Sales Value, 2020-2031
5.8.2 Middle East & Africa Annular Cutters Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Annular Cutters Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Annular Cutters Sales Value and Sales Volume
6.2.1 Key Countries/Regions Annular Cutters Sales Value, 2020-2031
6.2.2 Key Countries/Regions Annular Cutters Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Annular Cutters Sales Value, 2020-2031
6.3.2 United States Annular Cutters Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Annular Cutters Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Annular Cutters Sales Value, 2020-2031
6.4.2 Europe Annular Cutters Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Annular Cutters Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Annular Cutters Sales Value, 2020-2031
6.5.2 China Annular Cutters Sales Value by Type (%), 2024 VS 2031
6.5.3 China Annular Cutters Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Annular Cutters Sales Value, 2020-2031
6.6.2 Japan Annular Cutters Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Annular Cutters Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Annular Cutters Sales Value, 2020-2031
6.7.2 South Korea Annular Cutters Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Annular Cutters Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Annular Cutters Sales Value, 2020-2031
6.8.2 Southeast Asia Annular Cutters Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Annular Cutters Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Annular Cutters Sales Value, 2020-2031
6.9.2 India Annular Cutters Sales Value by Type (%), 2024 VS 2031
6.9.3 India Annular Cutters Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Hougen
7.1.1 Hougen Company Information
7.1.2 Hougen Introduction and Business Overview
7.1.3 Hougen Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Hougen Annular Cutters Product Offerings
7.1.5 Hougen Recent Development
7.2 Milwaukee
7.2.1 Milwaukee Company Information
7.2.2 Milwaukee Introduction and Business Overview
7.2.3 Milwaukee Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Milwaukee Annular Cutters Product Offerings
7.2.5 Milwaukee Recent Development
7.3 Nitto Kohki
7.3.1 Nitto Kohki Company Information
7.3.2 Nitto Kohki Introduction and Business Overview
7.3.3 Nitto Kohki Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Nitto Kohki Annular Cutters Product Offerings
7.3.5 Nitto Kohki Recent Development
7.4 Fein
7.4.1 Fein Company Information
7.4.2 Fein Introduction and Business Overview
7.4.3 Fein Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Fein Annular Cutters Product Offerings
7.4.5 Fein Recent Development
7.5 BDS
7.5.1 BDS Company Information
7.5.2 BDS Introduction and Business Overview
7.5.3 BDS Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 BDS Annular Cutters Product Offerings
7.5.5 BDS Recent Development
7.6 Ruko
7.6.1 Ruko Company Information
7.6.2 Ruko Introduction and Business Overview
7.6.3 Ruko Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Ruko Annular Cutters Product Offerings
7.6.5 Ruko Recent Development
7.7 EVOLUTION
7.7.1 EVOLUTION Company Information
7.7.2 EVOLUTION Introduction and Business Overview
7.7.3 EVOLUTION Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 EVOLUTION Annular Cutters Product Offerings
7.7.5 EVOLUTION Recent Development
7.8 Zhejiang Xinxing Tools
7.8.1 Zhejiang Xinxing Tools Company Information
7.8.2 Zhejiang Xinxing Tools Introduction and Business Overview
7.8.3 Zhejiang Xinxing Tools Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Zhejiang Xinxing Tools Annular Cutters Product Offerings
7.8.5 Zhejiang Xinxing Tools Recent Development
7.9 DEWALT
7.9.1 DEWALT Company Information
7.9.2 DEWALT Introduction and Business Overview
7.9.3 DEWALT Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 DEWALT Annular Cutters Product Offerings
7.9.5 DEWALT Recent Development
7.10 Euroboor
7.10.1 Euroboor Company Information
7.10.2 Euroboor Introduction and Business Overview
7.10.3 Euroboor Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Euroboor Annular Cutters Product Offerings
7.10.5 Euroboor Recent Development
7.11 CHAMPION
7.11.1 CHAMPION Company Information
7.11.2 CHAMPION Introduction and Business Overview
7.11.3 CHAMPION Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 CHAMPION Annular Cutters Product Offerings
7.11.5 CHAMPION Recent Development
7.12 ALFRA
7.12.1 ALFRA Company Information
7.12.2 ALFRA Introduction and Business Overview
7.12.3 ALFRA Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 ALFRA Annular Cutters Product Offerings
7.12.5 ALFRA Recent Development
7.13 Powerbor
7.13.1 Powerbor Company Information
7.13.2 Powerbor Introduction and Business Overview
7.13.3 Powerbor Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Powerbor Annular Cutters Product Offerings
7.13.5 Powerbor Recent Development
7.14 KARNASCH
7.14.1 KARNASCH Company Information
7.14.2 KARNASCH Introduction and Business Overview
7.14.3 KARNASCH Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 KARNASCH Annular Cutters Product Offerings
7.14.5 KARNASCH Recent Development
7.15 Lalson
7.15.1 Lalson Company Information
7.15.2 Lalson Introduction and Business Overview
7.15.3 Lalson Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Lalson Annular Cutters Product Offerings
7.15.5 Lalson Recent Development
8 Industry Chain Analysis
8.1 Annular Cutters Industrial Chain
8.2 Annular Cutters Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Annular Cutters Sales Model
8.5.2 Sales Channel
8.5.3 Annular Cutters Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
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