Boston, MA -- (SBWIRE) -- 04/10/2017 -- The increasing demand for automation, aviation, and general electronic goods is expected to drive the global boring tools market. The major growth in the boring tools will be seen in key APAC countries such as China and India. South Korea and other emerging economies are growing at a higher rate when compared with the matured markets in the Americas and EMEA. The metal cutting tools market, which is the parent market for the boring tools market, was valued at $36.04 billion in 2016. Since metal cutting tools find application in almost every manufacturing industry, the growth of the boring tools market will be governed by the dynamics of the manufacturing sector.

Technavio's analysts forecast the global boring tools market to grow at a CAGR of 7.27% during the period 2017-2021.

Get More Details on this Report and a Full Table of Contents at Global Boring Tools Market 2017-2021

Covered in this report
The report covers the present scenario and the growth prospects of the global boring tools market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market through the study, synthesis, and summation of data from multiple sources.

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

-Americas
-APAC
-EMEA

Technavio's report, Global Boring 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.

Key vendors

-BIG KAISER
-Kennametal
-NACHI-FUJIKOSHI
-OSG
-Sandvik

Other prominent vendors

-Advanced Carbide Tool Company
-ALESA
-Allegheny Technologies
-AMAMCO Tool
-Asahi Diamond Industrial
-BECKER Diamantwerkzeuge
-BOEHLERIT
-CeramTec
-CERATIZIT
-CERIN
-DAPRA
-DIJET
-Dura-Mill
-Dorian Tool International
-Elenco Carbide Tool Corporation
-Ferguson Enterprises
-Five Star Tool Company
-Forbes & Company
-Fullerton Tool Company
-Guhring
-Harvey Tool Company
-HIGRED TOOLS
-Mitsubishi Materials Corporation
-IMCO Carbide Tool
-Internal Tool
-ISCAR
-Jarvis Cutting Tools
-KOMET GROUP
-LMT TOOLS
-LUKAS-ERZETT
-M.A. Ford
-MAPAL Dr. Kress
-Mastercut Tool
-MELIN TOOL COMPANY
-MIRANDA TOOLS
-Morgood Tools
-Rigibore
-Rock River Tool
-SWISS TOOL SYSTEMS
-Seco Tools
-SGS Tool Company
-Walter

Market driver

-Rise in demand for fabricated metal in automotive sector.
-For a full, detailed list, view our report

Market challenge

-Rise in popularity of electrical discharge and electrochemical machining.
-For a full, detailed list, view our report

Market trend

-Carbide materials for boring tools.
-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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: BIG KAISER, Kennametal, NACHI-FUJIKOSHI, OSG, Sandvik, Advanced Carbide Tool Company, ALESA, Allegheny Technologies, AMAMCO Tool, Asahi Diamond Industrial, BECKER Diamantwerkzeuge, BOEHLERIT, CeramTec, CERATIZIT, CERIN, DAPRA, DIJET, Dura-Mill, Dorian Tool International, Elenco Carbide Tool Corporation, Ferguson Enterprises, Five Star Tool Company, Forbes & Company, Fullerton Tool Company, Guhring, Harvey Tool Company, HIGRED TOOLS, Mitsubishi Materials Corporation, IMCO Carbide Tool, Internal Tool, ISCAR, Jarvis Cutting Tools, KOMET GROUP, LMT TOOLS, LUKAS-ERZETT, M.A. Ford, MAPAL Dr. Kress, Mastercut Tool, MELIN TOOL COMPANY, MIRANDA TOOLS, Morgood Tools, Rigibore, Rock River Tool, SWISS TOOL SYSTEMS, Seco Tools, SGS Tool Company, Walter

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