USA Cutting Tool Market - Trends, Analysis and Forecast to 2025
According to the report, the value of cutting tool production in the U.S. amounted to $4.8B in 2016, coming down by -6.2% from the previous year. Overall, the U.S. cutting tool output pursued a moderate growth from 2007 to 2016. The total output figures increased at an average annual rate of +0.6%. The trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most tangible growth was recorded in 2010, when the value of production increased by +24% from the previous year. Over the period under review, the output figure with regard to cutting tool in the United States peaked at $5.1B in 2014, leveling off in the following year.
Cutting tools for machine tools and metalworking machinery constituted the major product category in the U.S. cutting tool manufacturing, with a share in total output standing near 74% in 2016. Cutting tool and machine tool accessory manufacturing, nsk, total lagged far behing, accounting for only the 13% share. The other related products together comprised approx. 12% of the total output. From 2008 to 2016, the value of shipments of cutting tools for machine tools and metalworking machinery expanded at an average annual rate of +2.2%. At the same time, the output of cutting tool and machine tool accessory manufacturing, nsk, total went up by an average +1.1% per year.
This report is designed to provide accurate and comprehensive data, as well as a detailed analysis of the current state and midterm prospects of the U.S. cutting tool industry. It includes a market overview, which consolidates the key conclusions made from the analysis of the market study, revealing actionable insights in the cutting tool industry. The report provides a forecast of the expected changes in the cutting tool market in coming years, based on historical trends, external and internal factors, and the main developments affecting the market. Each section contains an in-depth analysis of the data provided. Further data in the report includes: the historical values and current projections regarding production and consumption volume, datasets on the industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
The trade section provides data on trade partners, such as historical data on imports & exports for each partner country, changes in the direction of trade, as well as import & export prices. An analysis of the cutting tool trade shows the opportunities that are currently evolving for producers and suppliers in a changing market.
Product coverage: Cutting tools for machine tools and metalworking machinery; Other attachments and accessories for machine tools and metalworking machinery; Cutting tool and machine tool accessory manufacturing, nsk, total.
Kennametal, Coorstek, Allied Machine & Engineering Corporation, Varel International Ind, Veridiam, Diamond Products, Fori Automation, Guhring, Greenleaf Corporation, SGS Tool Company, Walter Usa, Covert Manufacturing, Prince Industries, Multicam, Cwb Holding Co. of Loves Park, Precision Dormer, Brinkman International Group, Star Cutter Co., Greenfield Industries, Ingersoll Cutting Tool Company, Abrasive-Tool Corp., Global Tooling Systems, Triumph Twist Drill Co , Viking Drill & Tool, Seco Holding Co , Schenck Corporation, Precision Twist Drill Co., Axxess Technologies, DH Holdings Corp., Heidenhain Holding , Zyvex Corporation, Carl Zeiss Industrial Metrology, Kyocera Precision Tools.
IndexBox’s methodology consists of obtaining information from a list or highly reliable sources (both paid and open), which include, but are not limited to:
- International official statistical agencies
- Governmental statistical agencies
- Official trade statistics
- Paid trade databases
- Industrial associations
- Company reports
- Industry experts
The AI platform, developed by IndexBox data scientists, compares the disparate pieces of information gathered from various sources, using the relevant methods of data cleaning, categorization, normalization, and predictive modelling for each unique situation. The market trends are provided by our experienced analysts, taking into account recent notable events in the market, in both adjacent and related markets, the raw materials markets, and in those markets, which are the main demand creators for the product under research. The forecast is created using a set of predictive and analytical models, mainly by processing country-by-country data on consumption, production, exports, imports and prices, as well as industry, economic and consumption trends, in addition to possible political and technological trends patterns.
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