Metal Cutting Tools Market to Reach $ 38 Billion by 2024

Rising focus towards lightweight and eco-friendly vehicles coupled with surging aerospace and defence industry to boost global metal cutting tools market growth through 2024

According to a report published by TechSci Research on “Global Metal Cutting Tools Market By Material, By Process, By End-Use, By Region, Competition, Forecast & Opportunities, 2024”, the global metal cutting tools market is projected to reach $ 38 billion by  2024, on the back of the growing automotive and aerospace & defence sectors. Moreover, the growth in the production of light vehicles will create an additional demand for new welded automotive components, which is expected to boost demand for metal cutting tools during the forecast period. Also, new technological advancements such as laser-based cutting machines are expected to positively impact the global market for metal cutting tools in the coming years.

Browse 184 market data Figures and Tables spread through more than 120 Pages and an in-depth TOC on “ Global Metal Cutting Tools Market”

https://www.techsciresearch.com/report/metal-cutting-tools-market/3990.html

In terms of end-use, the global metal cutting tools market is categorized into automotive, aerospace & defense, energy, and others. Among the end-users, the automotive category accounted for the largest share of the global market for metal cutting tools in 2018. The growth of the automotive category is majorly attributable to the rising usage of metal cutting tools in the automotive industry and increasing demand for passenger vehicles. North America region is expected to dominate the market in the coming years due to growth in the automotive and aerospace industries in the region. In addition, with a rising number of countries increasing their defense budgets, it is expected that the global market for metal cutting tools will witness rising demand in the near future.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3990

Customers can also request for 10% free customization on this report.

Few of the leading players operating in the global metal cutting market are Sandvik, ISCAR, Kennametal, OSG USA INC., Tungaloy Corporation, Hitachi Metals, Sumitomo Electric, among others. “The global metal cutting tools market is expected to grow at a decent pace over the course of next five years. Rapid industrialization and expansion of manufacturing industries in major developing nations like India and China is leading to a greater need for tools and equipment, which augment use of metal cutting tools over the next five years.” said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Metal Cutting Tools Market By Material, By Process, By End-Use, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of the global metal cutting tools market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global metal cutting tools market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]