Albany, NY -- (SBWIRE) -- 02/06/2017 -- About metal cutting tools

These tools ensure the effective manufacturing of critical and intricate components with ease and utmost precision. These cutting tools form an indispensable part of machine tools that are either numerically or conventionally controlled. Turning, milling, and grinding tools form essential components of bigger and complex machines such as machining centers, turning machines, and grinding machines. These are very important for the entire manufacturing industry.

Technavios analysts forecast the global metal cutting tools market to grow at a CAGR of 8.65% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global metal cutting tools market for 2017-2021. To calculate the market size, the report analyze business dimensions with an eye on individual growth trends and contribution of the upcoming market segments.

The market is divided into the following segments based on geography:

Americas
APAC
EMEA

Technavio's report, Global Metal Cutting Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
BIG KAISER
Kennametal Foundation
NACHI-FUJIKOSHI
OSG
Sandvik

Other prominent vendors
CERATIZIT
DEWALT
FRAISA
Guhring
Hanjiang Tool
LMT Onsrud
Jiangsu Feida Drills
ISCAR
KYOCERA UNIMERCO
Ingersoll Cutting Tools
Mitsubishi Materials
MAPAL
MMC Hitachi Tool Engineering
Shanghai Tool Works
SECO
SUMITOMO ELECTRIC Hartmetall
Raymond
Travers Tool
Tiangong International
vhf
UNION TOOL
WNT
ZCC Cutting Tools

Market driver
Rise in construction activities in emerging nations of APAC
For a full, detailed list, view our report

Market challenge
Fluctuating raw material prices
For a full, detailed list, view our report

Market trend
Additive manufacturing
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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