Leading 5 Companies Ruling the Global Metal Cutting Tools Market

Amada Co., Ltd, Fanuc UK Ltd, Nachi-Fujikoshi Corp., Sandvik AB, and Ceratizit Group, among others, are the major players in the global metal cutting tools market.

The global metal cutting tools market is expected to grow at a CAGR of 4% in the forecast period of 2023-2028. As per the analysis of Expert Market Research, the market is expected to be driven by the rising demand for metal cutting tools in the automotive sector.

As metal cutting tools ensure the effective manufacturing of critical components with ease and precision, it is increasingly used in various end-use sectors. The surging production of lightweight vehicles is driving the requirement for metal cutting tools in the manufacturing of new welded automotive components.

With rapid industrialisation and the advent of Industry 4.0, the growing demand for interconnected machinery is driving the use of metal cutting tools in predictive maintenance activities. Moreover, the growing availability of innovative metal cutting tools on e-commerce platforms is positively influencing the market growth. For instance, in July 2020, ToolKart announced the launch of its online e-commerce marketplace, that offers metal cutting tools in an easy and hassle-free process.

In the robustly growing construction sector, handheld tools like circular saws, jigsaws, reciprocating saws, and plasma cutters, among others, are used to cut metal and utilise it in construction activities, thus driving the use of metal cutting tools in several applications. In addition, innovations and advancements in technology are expected to lead to the integration of IoT and AI in metal cutting tools for providing predictive maintenance and enhancing decision-making processes.

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Top 5 Metal Cutting Tools Companies in the World:

Amada Co., Ltd.

The AMADA Group, comprising about 89 affiliated companies and subsidiaries, manufactures, markets, maintains, and repairs metalworking equipment and machines. In April 2022, it launched ARPAS, its high-speed line system, to improve the transfer speed of end products. The company aims to offer innovative machines for the manufacturing sector and respond to evolving consumer demands.

Fanuc UK Ltd

FANUC UK is an industrial automation products provider. With a wide product range, the company has an extensive presence in 109 countries. It is one of the leading companies that develops and manufactures high-quality and reliable components in-house. It has strong expertise in various domains ranging from food and beverages to aerospace and aims to support the automation of major industries.

Nachi-Fujikoshi Corp.

Nachi-Fujikoshi Corp. is a Japanese company that is engaged in the manufacturing and selling of machining tools and systems, industrial robots, as well as machine components. With 7,205 employees, the company’s consolidated net sales in 2021 reached JPY 229.1 billion. The company aims to leverage innovative technologies and develop superior manufacturing machinery and equipment. In July 2022, it launched PZH-0B, the smallest high-pressure variable displacement piston pump, for use in small capacities.

Sandvik AB

Sandvik is a leading technology and engineering company that aims to enhance the efficiency and productivity of the manufacturing, mining, and industrial sectors. It has a wide presence in over 1500 countries and employs 37,000 associates, generating a revenue of SEK 86 billion in 2021. With operations in rock processing, mining, and machining, the company actively spends on research and development activities.

Ceratizit Group

CERATIZIT is a high-technology engineering company that is engaged in offering hard material solutions and cutting tools. The company has nearly 30 production sites, more than 1,000 patents and utility models, and a product portfolio of over 100,000 products. With over 8,000 employees, its products are widely used in various sectors, including oil and gas, construction, medical, and automotive, among others.