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Cutting Tools Volume I — Executive Summary: 2013-2018

Cutting Tools Volume I - Executive Summary - Global Industry Overview, Analysis & Forecasts: 2013-2018

This executive summary presents a detailed overview of the global market for cutting tools by product type, total consumption value, demand trends, end-user markets, regions, workpiece materials, and competition. Products covered include: solid tools and indexable inserts; milling, turning and drilling tools. Grades include carbide, ceramic, cermet, cBN/PcBN, diamond and steel. Products are analyzed by country and end-use markets. Market trends and forecasts are provided for the years 2013-2018.

Published: January 2014. Over 50 pages. Over 60 tables and charts.

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Detailed Report Contents

(click to see detailed section contents)

Scope of Coverage


  • Study Objectives
  • Methodology & Sources
  • Statistical Notes

Product Application Types

Milling Tools
  • End/Face Milling
  • Slotting/Slitting
  • Plunge Milling
  • Contouring
  • Profiling
  • Threading
  • Micromachining
  • Other
Turning Tools
  • ISO Turning
  • Parting/Grooving
  • Threading
  • Profiling
  • Micromachining
  • Other
Drilling Tools
  • Standard Depth Drilling
  • Deep Hole Drilling
  • Threading
  • Micromachining
  • Interchangeable Tip
  • Other
Other Cutting Tools
  • (e.g., reamers, taps, burrs, other)
  • Global Focus on Burrs

Tool Types

  • Indexable Inserts
  • Solid Cutting Tools

Cutting Tool Grades Covered

  • Cemented (Tungsten) Carbides
  • High-Speed Steel (HSS)
  • Ceramics
  • Cermets
  • cBN/PcBN
  • Diamond Tools

End-User Industries Covered

  • Aerospace
  • Alternative Energy
  • Automotive
  • Chemical Processing
  • Communications
  • Construction
  • Defense/Military
  • Die & Mold
  • Electronic/Optoelectronic
  • General Machining
  • Medical/Research
  • Mining
  • Oil & Gas
  • Paper & Pulp Industry
  • Power Generation
  • Railroads
  • Shipbuilding
  • Other

Workpiece Materials Covered

  • Cast Irons
  • Carbon Steels
  • Stainless Steels
  • High-Temperature/Super Alloys
  • Hardened Materials
  • Non-Ferrous Metals
  • Non-Metallics

Geographic Coverage

Each cutting tools market is specifically broken down by each of the following geographic regions:

  • China
  • United States
  • Germany
  • Japan
  • Korea
  • Italy
  • France
  • Taiwan
  • United Kingdom
  • Brazil
  • Russia
  • CIS
  • India
  • Spain
  • Switzerland
  • Other EU
  • Other NAFTA
  • Other Europe
  • Other Asia/Pacific
  • Other Latin America
  • Rest of World


  • 2012 base year
  • 2013 Estimated
  • Forecasts: 2014-2018

Section One: Technology Overview

Global Technological Environment

  • International Standards
  • ANSI Standards
  • ISO (International Standards Organization) Standards

Product Definitions

  • Indexable Inserts
  • General Terminology
  • Geometry
  • Coatings
  • Solid Cutting Tools
  • Milling Tools
  • Turning Tools
  • Drilling Tools
  • Micromachining Tools
  • Other Tools (e.g., reamers, burrs, etc.)

Cutting Tool Selection

  • Application Definition
  • Specifications
  • Workpiece Material Evaluation

Advances in General Machining Processes

  • Cutting Tool versus Machine Tool Development
  • Knowledge Gap: Education on Tool Selection and
  • Machine Capability
  • Consultant Tool Specialists Create Cottage Industry
  • Impact of Advances in Cutting Tool Grade Technology
  • Adjusting to Ceramic versus Tungsten Carbide Tooling
  • Impacts of Advances in Workpiece Material
  • Automotive Industry Increases Use of Aluminum
  • Aerospace Industry and Hardened Materials
  • Developments in Machine Tool Design and Construction
  • Quick-Change Tooling
  • Multitasking Lathes
  • Modular Tooling
  • High-Speed Machining
  • Coolant Based Machining
  • Dry Machining
  • Environmental Impact
  • Hard Turning
  • Powder Metallurgy

Developments in Cutting Tool Grades

  • Cutting Tool Grade Technology
  • Trends in General Materials Science
  • Sintered Tools
  • Brazed Tools
  • Insert Technology Overview
  • General Terminology
  • Insert Geometry

Coatings Overview

  • Coatings: Changing the Face of Tooling
  • Nanostructured Materials Coatings
  • Ceramic Coatings
  • TiN, TiCN, TiC, TiCN, TiAlN
  • Diamond Coatings
  • Advances in Coatings Technology
  • TiAL Black and gold developments
  • Diamond-like-carbon (DLC) Developments
  • Nanostructured Materials
  • Impact on Tooling and Productivity
  • Coatings Processes
  • CVD (Chemical Vapor Deposition)
  • PVD (Physical Vapor Deposition)
  • Developments in Coatings Technology

Technology Outlook

  • Cutting Tool Technology on the Horizon
  • Advances in Materials Science Offer Both Challenges and Measurable Productivity Gains
  • Nanostructured Materials
  • Ultrafine Grain (Micrograin) Carbides
  • Ceramics
  • Increasing Productivity with New Designs

Section Two: Market Overview

Global Cutting Tools Market Overview

  • Total Demand by Country for Cutting Tools ($MM): 2012-2018
  • Trends & Forecasts in Cutting Tool Consumption
  • Factors Affecting Cutting Tool Demand
  • Global Industry Trends
  • Cutting Tool versus Machine Tool Development
  • World Machining Industry by Product Type ($MM): 2012-2018
  • Machine Tools Industry Overview
  • Global Demand ($MM) for Machine Tools by Region and Type: 2012-2018
  • Trends & Forecasts
  • Machine Tool Design and Productivity

Technological Drivers

  • Shifts in Manufacturing Technology
  • Material Advances Increase Efficiency
  • General Machining
  • High-Speed Machining
    • Definition
    • What are the economic benefits?
    • Impact on Tooling
  • Milling/Turning
  • Screw Machining
  • Swiss Style
  • Quick-Changing
  • Multitasking Lathe Concept
  • Impacts of Advances in Workpiece Material
  • Super Alloys
  • Productivity and Manufacturing Research

Techniques in Weathering a Down Market and Slow Recovery

  • Cutting Tool Producer Strategies in Reducing Costs
  • Machine Shop Strategies in Reducing Costs
  • Offsetting Increasing Labor Costs
  • Reduction of Energy Costs
  • Machine Tool Selection
  • Trends in Machine Tool Productivity Designs
  • Impacts of Just-In-Time Practices
  • Economics of Machining
  • Economics of High-Speed Machining
  • Economic Benefits of Dry Machining

Supply Chain Analysis

  • Raw Materials
    • Tungsten
    • Cobalt
    • Tantalum
    • High-speed steel
    • Ceramics
      • Aluminum oxide
      • Silicon carbide
    • Cubic Boron Nitride (CBN)
    • PCD Diamond
  • Blanks
  • Coatings

Regional Market Data and Analysis

  • Global Demand ($MM) for Cutting Tools by Region: 2012-2018
  • Regional Trends
  • High growth markets in a slow global economy
  • Developing Nations versus Mature Economies
  • Manufacturing Trends by Country

Distribution Channels

  • Global Demand ($MM) by Distribution Channel: 2012-2018
  • Distributors
  • Direct to the End-User
  • Value Added Resellers


  • Average Selling Price by Product Type
  • End-User Industry Pricing Analysis
  • Pricing Trends by Country

Cutting Tool Grade Trends

  • Product Grade Overview
  • Global Demand ($MM) for Cutting Tools by Grade: 2012-2018
  • Carbide Tools
  • Ceramic Tools
    • Advantages of Ceramic Tools
    • Solid Ceramic Tools, Alumina
    • SiC (silicon carbide), SiN (silicon nitride)
    • SiC Whisker Reinforced Tools
    • CMC (ceramic matrix composites)
  • Cermet Tools
  • CBN/PCBN Tools
  • Diamond Tools
  • General Conclusions
  • Machining Non-Metallic Materials
    • Plastics
    • Carbon Fiber Reinforced Plastics (CFRPs)
    • Ceramic Composites
  • High-growth Markets


  • Global Demand ($MM) for Micromachined Tools: 2012-2018
  • Advances and Market Growth in Small-Part Machining
  • Custom Tool Market

Tool Type

  • Global Demand ($MM) for Cutting Tools by Product Type — Milling, Turning, Drilling & Other: 2012-2018
  • Product Trends by Type
  • Global Demand ($MM) for Cutting Tools by Type — Solid versus Indexable Tooling: 2012-2018
  • Advances in Insert Design and Application
  • Trends in Solid versus Indexable Tooling
  • Interchangeable Tip Drills

Workpiece Material

  • Global Demand ($MM) for Cutting Tools by Workpiece Material: 2012-2018
  • End-User Trends by Workpiece Material

End-User Analysis

  • Total Demand for Cutting Tools ($MM) by End-User Industry: 2012-2018
  • Statistics & Overall Market
  • Percentage GDP
  • Growth Levels
  • High growth markets in a slow global economy
  • Key Sectors
  • Production Capabilities
  • End-User Trends by Workpiece Material
  • Key Producers by Industry
  • Government Regulation/Associations

Relevant Legislation

  • Waste Removal
  • Coolant Use and Disposal
  • Work Environment

Competitive Environment

  • Competitive Market Factors (e.g., pricing, product development...)
  • Supplier Sales and Market Share ($MM)
  • Marketing Strategies
  • General Conclusions

Industry Trends & Forecasts

  • Cycles of Growth and Decline
  • High-growth Markets (CAGR by Year)
  • Consulting Services
  • The Center

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