Los Angeles, CA -- (SBWIRE) -- 10/13/2018 -- Description

This report studies the global Twist Drill market status and forecast, categorizes the global Twist Drill market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).

Twist Drill (also commonly referred to as twist bit) is a rotating cutting tool, used for cutting holes in rigid materials, that consists of an essentially conical point, relieved and fluted to form cutting lips, and spiral flutes which direct the chips away from the lips and toward ejection from the hole. Twist drills are the most common and easiest way to put a hole in steel, wood or other non-ferrous materials.

The global market of twist drill has mainly been driven by its downstream enterprises. Economic investment has large impact on research and national policies are also the main growth catalysts for the market. The global twist drill market is mainly occupied by the existing enterprises. OSG, Tiangong International, TDC Cutting Tool, Shanggong, Harbin No.1 Tool, Feida Chengdu Chenliang, Harbin Measuring & Cutting Tool and Fangda Holding are the global leading manufacturers with 28.18% of the production volume market in 2015.

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The global consumption regions of twist drill market mainly concentrate in China, Europe, the USA and Japan. China is the largest consumption region by consumption volume.

Although the market competition of twist drill is fierce, there are many enterprises can obtain considerable profit form the manufacturing and marketing of twist drill and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.

The global Twist Drill market is valued at 4120 million US$ in 2017 and will reach 4670 million US$ by the end of 2025, growing at a CAGR of 1.6% during 2018-2025.

The major manufacturers covered in this report

Sandvik Coromant

OSG

Kennamtel

SECO

Stanley Black & Decker

Mitsubishi

Guhring Group

Nachi

ISCAR

Sumitomo

Walter AG

Bosch

Mapal

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Straight Shank Twist Drill

Taper Shank Twist Drill

Double-End Twist Drill

Other

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

Metal

Wood

Concrete

Plastic

Other

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