Carbide Tools Market, 2016-2026 by Segmentation: Based on Product, Application and Region
Carbide Tools Market: Drivers, Challenges and Trends
Development in manufacturing design and need to achieve production efficiency is laying the foundation for manufacturer’s exploration of high-end products, thus increasing the demand for carbide tools. Moreover, manufacturers pushing efforts towards optimised cutting geometries and high performance coating is gaining consumer attraction which in turn is driving the global carbide tools market.
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As resharpenig of carbide cutting tools is of prime concern, major players are now investing in resharping tool facilities comparable to new tool production for both in-house and outsourced operations. Reconditioning of carbide tool primarily to reduce inventory cost, avoid material waste is also the major focus area of many players in the global carbide tools market.
Carbide Tools Market: Key Developments
In March 2016, CERATIZIT S. A. announced extended range of materials grades for carbide tools manufacturers. With over 50 new dimensions for end-mill blanks and through coolant capability the company aimed at meeting the demands of niche applications namely threading and cutting.
Carbide Tools Market: Segmentation
Global Carbide Tools market can segmented by material type, by grade type, by application and by geography.
Based on material type global carbide tools market can be segmented into:-
Global carbide tools market can further be segmented on the basis of applications:-
Machining of threads
By grade type, global carbide tools market can be segmented as:-
By Geography, global Carbide Tools market can be segmented into:-
Asia Pacific Excluding Japan (APEJ)
Middle East and Africa (MEA)
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Carbide Tools Market: Key Players
Some of the major players identified across the global carbide tools market includes Mitsubishi Materials Corporation, Ingersoll Cutting Tool Company, CERATIZIT S.A., vhf camfacture AG, Rock River Tool, Inc., SGS Tool Company, Best Carbide Cutting Tools, Inc., Vora Industries, Carbide Tools Manufacturing, Inc., Tunco Manufacturing Inc., Global Excel Tools Manufacturing Sdn, Advent Tool & Manufacturing, Inc., PROMAX Tools, Garr Tool Company and others. The competition topography for carbide tools is fragmented due to presence of many different players in the global carbide tools market. Some of the players operates globally with full-line assortment of solid drilling, solid milling and solid threading, while other players are more niche with one product area and limited geographical presence. Moreover, key players in order to expand their market share are focusing towards acquisition of existing players dominating in the target application market.
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