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Friday, 01 July 2016 01:13

Product Application Market Shares Revealed in New Global Cutting Tools Report

For Immediate Release — New York City, NY, July 1, 2016

Dedalus Consulting ( is proud to release the 6th Edition of its Cutting Tools market research report. Volume II: Global Analysis by Products & Application, analyzes the global market for cutting tools by product application type including turning, milling, drilling, and other tools.

The cutting tools market peaked in 2008 at over $15.0 billion globally and, after a slowdown caused by the financial economic crisis, is coming back on track, and is expected to pass $20 billion mark by 2018.

Volume II of this four-volume report analyzes the global market for cutting tools by product application type including: milling (40% market share), turning (30%), drilling (17%), and other tools (14%).

By 2018, the global market for the most commonly used type of cutting tools, milling tools, is expected to reach $8.3 billion. The report takes a close look at applications of the milling tools, lists and forecasts the consumption by country and region, offers insights into future market trends and provides future pricing expectations. Other types of cutting tools are analyzed in a similar fashion.

Volume II of this four volume report analyzes the global market for cutting tools by product application type including turning, milling, drilling, and other tools. Each section in Volume II takes a more in-depth look at the global market for cutting tools by application product type (milling, turning, drilling and other — burrs, taps, dies, reamers, etc). Each section provides a detailed breakdown by country, solid/indexable tooling, sub-type, grade and workpiece material.

Readers will learn what drives the market for different product types of cutting tools and will be able to make informed decisions on how to respond to competition from low-cost providers who drive the prices down while manufacturing further expands into the Asia Pacific region.

This report is prepared and published by Dedalus Consulting, a New York-based firm, whose focus is industrial markets and emerging technologies. Dedalus Consulting has been researching the cutting tools industry for over 12 years and has the expertise to offer insights into current market trends, distribution channels, and the competitive environment.

Research is continually updated and gathered through a methodology that is based on primary interviews with market participants so readers can expect quality analysis and accurate forecasting of the market through 2020.

More Information & How to Order

For more information about this report including a brochure and table of contents contact Dedalus Consulting:

About Dedalus Consulting

Dedalus Consulting Inc. is a privately owned and independently operated market research publisher and consultancy. Our research focuses on both emerging and mature markets in high-technology sectors, including machining & materials, electronic components, life sciences, nanotechnology, mobile communications and photonics.

Research is continually updated through a methodology based on primary interviews with key executives. Companies interviewed include manufacturers, end-users, distributors, and research institutions.

Our clients include Fortune 500 companies, start-ups, financial analysts, and research organizations engaged in the development and manufacturing of advanced technology products and services.