Press release
Turning Tools Market | Top Key Players 2018: Sandvik Group, Mikron Tool SA Agno, Ingersoll Cutting Tool Company, NTK Cutting Tools, WNT Tools India Pvt Ltd., Hanjiang Tool Co., Ltd., Shanghai Tool Works Co.,Ltd., Union Tool Corporation, ISCAR Ltd
Turning Tools Market
Turning tool is very important part of manufacturing and industrial operations. Turning tools consist of a replaceable insert in its body, and the insert can vary, based on shape, material, geometry, and coating. It is used in automotive, aerospace, oil and gas, agricultural machinery, and other similar industries. Increasing construction activities across the globe driving the growth of the market. However, rise in popularity of electrical discharge and electrochemical machining is the factor that may hamper the growth of the market.
Key Players:
The key players of turning tools market are Ingersoll Cutting Tool Company (U.S.), Sandvik Group (Sweden), Mikron Tool SA Agno (Switzerland), NTK Cutting Tools (Japan), WNT Tools India Pvt Ltd. (India), Kennametal Foundation (U.S.), Hanjiang Tool Co., Ltd. (China), Shanghai Tool Works Co.,Ltd. (China), Union Tool Corporation (Japan) and ISCAR LTD. (Israel).
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Market Research Analysis:
On the basis of product type, global turning tools market is segmented into boring, inserts and others. Boring type segment dominated the turning tools market. Boring, also called internal turning, is used to increase the inside diameter of a hole. The utilization of boring process in drilling and casting to achieve sizing, straightness, and concentricity will be the major factor driving the growth of this market segment. This segment is expected to grow at a fastest pace during the forecast period. Insert used in turning tools are of different shapes. Round-shaped insert is used to maximize the edge strength whereas 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. Inserts segment is expected to contribute significantly during forecast period.
Scope of the Report:
This study provides an overview of the global turning tools market, tracking one market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region.
The scope of the study segments the global turning tools market by its product type, and region.
By Product Type
• Boring
• Inserts
• Others
By Region
• North America
• Asia-Pacific
• Europe
• Rest of the World
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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