Press release
Global Turning Tools Market Grow At A CAGR Of 7.99% During Period 2017-2021
About Turning Tools Market
Turning is a metal cutting process primarily used for generating cylindrical surfaces. In this process, mostly the workpiece is rotated on a spindle. The tool is fixed and fed into the piece both axially and radially to get the required surface, and it is frequently done with a single point tool. Turning tools consist of a replaceable insert in its body, and the insert can vary, based on shape, material, geometry, and coating. For instance, the round-shaped insert is used to maximize the edge strength, and the diamond shape insert provides a sharp point to cut fine features or to increase the number of edges. The insert used is generally made of materials such as carbide, although the materials such as ceramic and diamond inserts are used for demanding applications. In addition, a variety of protective coatings helps in increasing the process efficiency and to enhance the lifetime of the tool.
Technavios analysts forecast the global turning tools market to grow at a CAGR of 7.99% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global turning tools market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of turning tools.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Turning Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Ingersoll Cutting Tool Company
ISCAR
Kennametal Foundation
Sandvik
Mikron Tool
NTK Cutting Tools
WNT tools
Other prominent vendors
CERATIZIT
CeramTec Group
DEWALT
FRAISA
Guhring
Hanjiang Tool
Jiangsu Feida Drills
KYOCERA UNIMERCO
Mitsubishi Materials
MAPAL
Shanghai Tool Works
SECO
SUMITOMO ELECTRIC Hartmetall
Samvardhana Motherson Group
STAR SU
Raymond
Travers Tool
Tiangong International
vhf
UNION TOOL
WNT Tools
ZCC Cutting Tools
Market driver
Growth of fabricated products in automotive industry
For a full, detailed list, view our report
Market challenge
Rise in popularity of electrical discharge and electrochemical machining
For a full, detailed list, view our report
Market trend
Use of rotary turning in high-temperature alloys in aerospace industry
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Market overview
Boring
Facing
PART 07: Geographical segmentation
Market overview
APAC
EMEA
Americas
PART 08: Decision framework
PART 09: Drivers and challenges
Market drivers
Impact of drivers on key customer segments
Market challenges
Impact of challenges on key customer segments
PART 10: Market trends
Use of face drivers
Additive manufacturing
Use of rotary turning in high-temperature alloys in aerospace industry
Enhanced growth of fabricated metal products
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