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Home > Research Reports > Asia Pacific to Emerge as the Largest Market for Tool Holders in 2019, Projects FMI Study

Research Reports

Asia Pacific to Emerge as the Largest Market for Tool Holders in 2019, Projects FMI Study

Published by Uma Rajagopal

Posted on January 3, 2022

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Global demand for tool holders, specifically arising from the automotive and defence and aerospace industries, will witness a relatively steady growth between 2022 and 2028, as predicted by Future Market Insights (FMI) in its recently released market intelligence report.

While the demand for tool holders will be largely driven by emerging economies, in particular the manufacturing sector, China is likely to make substantial investments in high performance cutting tools, considering the robust manufacturing and industrial output in the region. In other developing countries such as Philippines and Bangladesh, the positive scenario and policies, infrastructure, and steps, which are being taken to promote business, especially the manufacturing sector, will have a positive impact on the tool holders market offering huge opportunities for investors.

Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6512

Key Market Insights at a Glance:

The demand for tool holders is anticipated to grow at a moderate pace over the forecast period.
Asia Pacific is estimated to hold a prominent share of the global tool holders market.
Initiatives by regional governments are likely to encourage the movement of low-cost manufacturing towards parts of South-East Asia, thereby creating healthy growth prospects create healthy growth opportunities in Asia Pacific region.
China will remain the largest consumer of machine tools, followed by U.S.
The tool holders market is consolidated with Tier-1 players accounting for significant shares.
The top three players of the market are estimated to account for more than a 50% market share.
On the basis of types of tool holder, hydraulic tool holders segment is slated to remain a high value – high growth segment.
In terms of end-use, general machining and fabrication and the automotive industries are likely to push maximum revenue into the tool holders market. The two end-use industries are estimated to collectively account for around 47% value share in the global tool holders market.
BT Flange Taper will remain the most preferred taper type among CNCers, in terms of volume and value, given its high degree of accuracy and precision, in any high-speed machining operations.

For More Information or Query or Customization Before Buying, Visit:

https://www.futuremarketinsights.com/customization-available/rep-gb-6512

Laser Cutting Technologies Could Restrict Tool Holders Sales

Laser cutting, a streamlined and precision manufacturing process, is likely to pose challenges for tool holders given its ability to not just cut materials but also apply finish to a product. Apart from lower risks of material deformation or warping, since there is no direct contact between the material and the laser cutting device, chances of incorrect markings and contamination further reduces. Although laser cutting could be technically challenging and costly, end-use industries demanding high cutting precision such as automotive, are projected to replace traditional tool cutting equipment. However, high market penetration of relatively low cost tool holders

May restrict the demand for new and more advanced tool holders despite their high accuracy and ease of handling.

Ask Us Your Questions About This Report:

https://www.futuremarketinsights.com/ask-question/rep-gb-6512

Takeaways from Competitive Landscape Analysis

In a moderately consolidated landscape, tier-1 companies such as Kennametal Inc., Sandvil AB, and BIG DAISHOWA Group among others hold approximately 55-65 percent market share.
Tier-2 companies, on the other hand, hold nearly 35-45 percent market share. Such companies include Guhring, Inc., CERATIZIT GROUP, KYOCERA UNIMERCO A/S, Kemmler Precision Tools GmbH, and Haimer GmbH among others.
Key players are projected to focus on enhancing product quality by implementing new technologies, tough and long-lasting equipment and consumables materials with added features at a competitive price.
Top companies are also looking to target major manufacturing industries such as metal fabrication and automotive by offering high cutting accuracy with increased productivity.

Explore FMI’s Extensive Coverage on Industrial Automation Domain

Bridge Bearings – Bridge Bearings Market was valued at US$ 674.33 Mn in 2021, and is likely to reach US$ 705.8 Mn in 2022.

Weatherization Services Market– Weatherization Services Market to grow with a year-on-year growth of 4.0%, reaching US$ 35 Bn by the end of 2022.

Inflatable Tents Market– Inflatable Tents Market has forecast to register year-on-year growth of 7.6%, reaching a value of about US$ 969 Mn by the end of 2022.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Website: https://www.futuremarketinsights.com/

Reports: https://www.futuremarketinsights.com/reports/tool-holders-market

Press Release: https://www.futuremarketinsights.com/press-release/tool-holders-market

Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6512

Key Market Insights at a Glance:

The demand for tool holders is anticipated to grow at a moderate pace over the forecast period.
Asia Pacific is estimated to hold a prominent share of the global tool holders market.
Initiatives by regional governments are likely to encourage the movement of low-cost manufacturing towards parts of South-East Asia, thereby creating healthy growth prospects create healthy growth opportunities in Asia Pacific region.
China will remain the largest consumer of machine tools, followed by U.S.
The tool holders market is consolidated with Tier-1 players accounting for significant shares.
The top three players of the market are estimated to account for more than a 50% market share.
On the basis of types of tool holder, hydraulic tool holders segment is slated to remain a high value – high growth segment.
In terms of end-use, general machining and fabrication and the automotive industries are likely to push maximum revenue into the tool holders market. The two end-use industries are estimated to collectively account for around 47% value share in the global tool holders market.
BT Flange Taper will remain the most preferred taper type among CNCers, in terms of volume and value, given its high degree of accuracy and precision, in any high-speed machining operations.

For More Information or Query or Customization Before Buying, Visit:

https://www.futuremarketinsights.com/customization-available/rep-gb-6512

Laser Cutting Technologies Could Restrict Tool Holders Sales

May restrict the demand for new and more advanced tool holders despite their high accuracy and ease of handling.

Ask Us Your Questions About This Report:

https://www.futuremarketinsights.com/ask-question/rep-gb-6512

Takeaways from Competitive Landscape Analysis

In a moderately consolidated landscape, tier-1 companies such as Kennametal Inc., Sandvil AB, and BIG DAISHOWA Group among others hold approximately 55-65 percent market share.
Tier-2 companies, on the other hand, hold nearly 35-45 percent market share. Such companies include Guhring, Inc., CERATIZIT GROUP, KYOCERA UNIMERCO A/S, Kemmler Precision Tools GmbH, and Haimer GmbH among others.
Key players are projected to focus on enhancing product quality by implementing new technologies, tough and long-lasting equipment and consumables materials with added features at a competitive price.
Top companies are also looking to target major manufacturing industries such as metal fabrication and automotive by offering high cutting accuracy with increased productivity.

Explore FMI’s Extensive Coverage on Industrial Automation Domain

Bridge Bearings – Bridge Bearings Market was valued at US$ 674.33 Mn in 2021, and is likely to reach US$ 705.8 Mn in 2022.

Weatherization Services Market– Weatherization Services Market to grow with a year-on-year growth of 4.0%, reaching US$ 35 Bn by the end of 2022.

Inflatable Tents Market– Inflatable Tents Market has forecast to register year-on-year growth of 7.6%, reaching a value of about US$ 969 Mn by the end of 2022.

About Future Market Insights (FMI)

Contact:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Website: https://www.futuremarketinsights.com/

Reports: https://www.futuremarketinsights.com/reports/tool-holders-market

Press Release: https://www.futuremarketinsights.com/press-release/tool-holders-market

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Asia Pacific to Emerge as the Largest Market for Tool Holders in 2019, Projects FMI Study