Boring Tools Market Research Report 2020: Industry Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By Type (Rough Boring and Fine Boring) and Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast till 2025
Some of the major players in the global boring tools market are –
Nachi-Fujikoshi Corp (Japan), OSG USA, INC. (US), Sandvik AB (Sweden), Advanced Carbide Tool Company, Inc. (US), Floyd Automatic Tooling Ltd (UK), AMAMCO Tool (US), Asahi Diamond Industrial Co., Ltd. (Japan), Big Kaiser Precision Tooling Inc. (US), Kennametal (US), Dorian Tool International (US), Elenco Carbide Tool Corporation (US), Five Star Tool Co (US), Fullerton Tool Company (US), Becker Diamantwerkzeuge GmbH (Germany), Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan), Allied Machine (US), Kyocera Corporation (Japan), Boehlerit Gmbh & Co Kg (Austria), and CeramTec (Germany), are among others.
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Boring tools are used for enlarging holes that have already been drilled or cast, by means of a single point cutting tool or of a boring head containing several such tools. The boring tools are fitted in boring tool holders, which may either be fixed or rotating type, fixed holders are used in work-rotating machines and rotating holders in tool rotating machines. The Global Boring Tools Market is expected to witness ~4.35% CAGR during the forecast period and the market size is expected to reach 680 million units by 2025.
The global boring tools market is segmented based on type and region. On the basis of type, the fine boring segment is expected to register the higher growth rate during the forecast period in the global boring tools market. This growth is attributed to the increasing demand for high precision and surface finished components to increase the aesthetics of components and attract more customers in all of the end use industries.
The global Boring Tools Market is primarily driven by factors, such as the growth of manufacturing sector and increasing automotive industry investments.
- Boring tool producers
- CNC, NC, Lathe Machine Manufacturers
- Metal component manufacturers
- Automotive OEM’s
- Automotive component manufacturers
- Government bodies
- Raw material suppliers
Scope of the Report
This study provides an overview of the global boring tools market, tracking one market segment across four geographic regions. The report studies key players and provide a nine-year annual trend analysis, which highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the world. The report also provides a forecast, which focuses on the market opportunities for the next nine years for each region. The scope of the study segments the global boring tools market by type and region.
- Rough boring
- Fine boring
- North America
- Rest of the World
Market Research Analysis
In terms of region, the global market for boring tools is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to witness the highest CAGR in the global boring tools market. The increase in manufacturing and the growth of the automotive industry in countries such as India and China and the government initiatives to attract foreign direct investments in the manufacturing sector are expected to drive the growth of boring tools market in Asia-Pacific.
Furthermore, Europe is expected to hold substantial market share in global boring tool market during the forecast period. The presence of established automotive and related component manufacturing industry in countries like Germany, France, and the UK is expected to drive the demand for boring tools in the region during the forecast period.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Technology Trends
List Of Tables
Table 1 Global Boring Tools Market, By Region, 2017–2025
Table 2 North America: Boring Tools Market, By Country, 2017–2025
Table 3 Europe: Boring Tools Market, By Country, 2017–2025
Table 4 Asia-Pacific: Boring Tools Market, By Country, 2017–2025
Table 5 RoW: Boring Tools Market, By Region, 2017–2025
Table 6 Global Boring Tools Market, By Type, By Region, 2017–2025
Table 7 North America: Boring Tools Market, By Type, By Country, 2017–2025
Table 8 Europe: Boring Tools Market, By Type, By Country, 2017–2025
Table 9 Asia-Pacific: Boring Tools Market, By Type, By Country, 2017–2025
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top-Down And Bottom-Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Boring Tools Market Share, By Type, 2018 (%)
Figure 9 Global Boring Tools Market, By Type, 2018–2025 (USD Million)
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