Carbide Tools Market

Carbide Tools Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016-2026
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Report
Description
Report Description
Machine tools plays a very crucial role in manufacturing of metal components through
machining. Computerized numerical control (CNC) machines are prominently used for
machining of metal components which requires high precision for producing complex shapes
of varied dimensions. Currently, there are mainly two types of machine tools prominently
used. HSS (High Speed Steel) and Carbide Tools; among which Carbide Tools is most prevalent
for machining applications primarily due to exceptional wear resistance, chemical inertness,
material strength and other superior characteristics. Often machining system productivity is
mainly guided by the use of machine tools with superior characteristics such as long lasting
capability, rigorous operating and high speed performance. This factor is primarily gaining the
consumer attraction towards adoption of carbide tools over conventional tools. Although
carbide tools are more costly but considering the time required for machining the
component, employing carbide tools can remarkably result in improved quality, increased
output and lower machining & labor cost.
Carbide Tools Market: Drivers, Challenges and Trends
Development in manufacturing design and need to achieve production efficiency is laying the
foundation for manufacturer’s exploration of high-end products, thus increasing the demand
for carbide tools. Moreover, manufacturers pushing efforts towards optimised cutting
geometries and high performance coating is gaining consumer attraction which in turn is
driving the global carbide tools market.
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Report
Description
Report Description
As reshaping of carbide cutting tools is of prime concern, major players are now investing in
reshaping tool facilities comparable to new tool production for both in-house and
outsourced operations. Reconditioning of carbide tool primarily to reduce inventory cost,
avoid material waste is also the major focus area of many players in the global carbide tools
market.
Carbide Tools Market: Key Developments
In March 2016, CERATIZIT S. A. announced extended range of materials grades for carbide
tools manufacturers. With over 50 new dimensions for end-mill blanks and through coolant
capability the company aimed at meeting the demands of niche applications namely
threading and cutting.
Carbide Tools Market: Segmentation
Global Carbide Tools market can segmented by material type, by grade type, by application
and by geography.
Based on material type global carbide tools market can be segmented into:•Calcium Carbide
•Aluminum Carbide
•Silicon Carbide
•Tungsten Carbide
Report
Description
Report Description
•Iron Carbide
•Titanium Carbide
Global carbide tools market can further be segmented on the basis of applications:•Milling
•Engraving
•Chamfering
•Cutting
•Machining of threads
•Drilling
•Grooving
•Others
By grade type, global carbide tools market can be segmented as:•Cast-iron carbides
•Steel-grade carbide
•By Geography, global Carbide Tools market can be segmented into:-
Report
Description
Report Description
•North America
•Latin America
•Eastern Europe
•Western Europe
•Asia Pacific Excluding Japan (APEJ)
•Japan
•Middle East and Africa (MEA)
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Carbide Tools Market: Key Players
Some of the major players identified across the global carbide tools market includes
Mitsubishi Materials Corporation, Ingersoll Cutting Tool Company, CERATIZIT S.A., vhf
camfacture AG, Rock River Tool, Inc., SGS Tool Company, Best Carbide Cutting Tools, Inc.,
Vora Industries, Carbide Tools Manufacturing, Inc., Tunco Manufacturing Inc., Global Excel
Tools Manufacturing Sdn, Advent Tool & Manufacturing, Inc., PROMAX Tools, Garr Tool
Company and others. The competition topography for carbide tools is fragmented due to
presence of many different players in the global carbide tools market. Some of the players
operates globally with full-line assortment of solid drilling, solid milling and solid threading,
while other players are more niche with one product area and limited geographical
Report
Description
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presence. Moreover, key players in order to expand their market share are focusing towards
acquisition of existing players dominating in the target application market.
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