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Europe Carbide Tools Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Tool Type (End Mills, Tipped Bores, Burrs, Drills, Cutters, and Other Tools), Configuration (Hand-Based and Machine-Based), and End-User (Automotive and Transportation, Metal Fabrication, Construction, Oil and Gas, Heavy Machinery, and Other End-user)

Code: TIPRE00022749 | Pages: 116 | Industry: Manufacturing and Construction | Date: Jun 2021
Covid

Market Introduction

Germany, Russia, France, the UK, and Italy are among the major economies in Europe. These countries are known for large-scale industrialization and urbanization. Thus, they are inclined toward adopting advanced solutions that boost the productivity of various industrial and urban processes. European countries are concentrated with prominent industries—such as automobiles, aerospace, metal fabrication, construction, oil and gas, and manufacturing industries —that demand carbide tools as they benefit from low cost, greater flexibility, and safe operations. Additionally, the construction sector in the region is experiencing growth post downturn from the past few years. Residential construction is expanding vigorously, owing to low mortgage rates, demographic trends, and increased household income. Along with the new construction projects, renovation and maintenance activities for the existing structures have also increased. Furthermore, non-residential construction projects are growing due to the rise in consumer demand and comparatively high corporate profits. Countries such as Germany and the UK are experiencing high growth in their construction sector. The governments of countries such as Italy and Spain, are taking initiatives to support the construction industry through investments, grants, and subsidies for the renovation and construction of public and private infrastructural projects. In order to efficiently carry out construction activities, carbide tools are required. Additionally, manufacturers in various sectors, such as automobile, medical devices, and semiconductor, are using carbide tools; hence, the growth of the market is projected to rise in Europe. As per the World Bank Organization, Austria, Germany, the UK, France, and the Netherlands are among a few countries with a robust manufacturing setup. In addition, as per the Global Manufacturing Output Scoreboard, Germany, Italy, the UK, and France, are included under top nations. Therefore, the growing European manufacturing industry will help in boosting the market growth.

In case of COVID-19, Europe is highly affected specially France. It is expected to suffer an economic hit due to a lack of revenue from various industries. Additionally, with the outbreak of another variant of COVID-19 in the UK, the carbide tools market is expected to get hampered. The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, automotive, energy and power, and others. However, due to COVID-19, many businesses in Europe face financial challenges as they had to reduce their activities substantially, owing to lack of workforce, government-imposed restrictions, and decreasing sales. The lockdown to minimize the transmission of virus has significantly disrupted the supply chain activities along with production volume across several manufacturers especially the small & medium enterprise owners. Moreover, the production activities in multiple industries have contracted significantly during the 2020 resulting in decline in the carbide tools market. However, with increasing need for healthcare products, there will be some positive trends for carbide tools in medical industries across Europe region.

Market Overview and Dynamics 

The Europe carbide tools market is expected to grow from US$ 2,995.59 million in 2021 to US$ 4,196.53 million by 2028; it is estimated to grow at a CAGR of 4.9 % from 2021 to 2028. Surging demand in various industries will drive the market growth. With the growing end-use industries across the Europe, there is a continuous need of carbide tools in industries to accomplish production efficacy, therefore growing the demand for carbide tools. Lathe and milling machine are used in operations such as turning, milling, and drilling, and integrating these machines with carbide tools helps ensure smooth operations without compromising on their performances. Carbide tools are being employed in the manufacturing processes in industries such as automotive, aerospace, medical, energy, and oil & gas. Furthermore, cemented carbide tools have become a primary means of increasing the productivity of the metal-cutting process, alongside ensuring greater accuracy. Thus, the surging demand for carbide tolls in different industries is encouraging different trends in the Europe market, thereby bolstering its growth.

Key Market Segments

In terms of tool type, the end mills segment accounted for the largest share of the Europe carbide tools market in 2020. In terms of configuration, the machine-based segment held a larger market share of the Europe carbide tools market in 2020. Further, the automotive and transportation segment held a larger share of the Europe carbide tools market based on end-user in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe carbide tools market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are CERATIZIT S.A., DIMAR GROUP, GARR TOOL, Ingersoll Cutting Tool Company, KYOCERA Precision Tools, Makita Corporation, MITSUBISHI MATERIALS Corporation, and Sandvik Coromant.

Reasons to buy report

  • To understand the Europe carbide tools market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe carbide tools market
  • Efficiently plan M&A and partnership deals in Europe carbide tools market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe carbide tools market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Carbide Tools Market Segmentation

Europe Carbide Tools Market - By Tool Type

  • End Mills
  • Tipped Bores
  • Burrs
  • Drills
  • Cutters
  • Other Tools

Europe Carbide Tools Market - By Configuration

  • Hand-Based
  • Machine-Based

Europe Carbide Tools Market - By End-User

  • Automotive and Transportation
  • Metal Fabrication
  • Construction
  • Oil and Gas
  • Heavy Machinery     
  • Other End-user

Europe Carbide Tools Market - By Country

  • Germany
  • France
  • Italy
  • UK 
  • Russia    
  • Rest of Europe

Europe Carbide Tools Market - Company Profiles

  • CERATIZIT S.A.  
  • DIMAR GROUP
  • GARR TOOL
  • Ingersoll Cutting Tool Company
  • KYOCERA Precision Tools
  • Makita Corporation
  • MITSUBISHI MATERIALS Corporation
  • Sandvik Coromant

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Europe Carbide Tools Market – By Tool Type

1.3.2        Europe Carbide Tools Market – By Configuration

1.3.3        Europe Carbide Tools Market – By End-User

1.3.4        Europe Carbide Tools Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe Carbide Tools Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           Europe Carbide Tools Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Mounting production in automotive sector

5.1.2        Upgraded performance of carbide tools than their counterparts

5.2         Market Restraints

5.2.1        Availability of alternatives

5.3         Market Opportunities

5.3.1        Escalating demand for enhanced carbide cutting tools

5.4         Future Trends

5.4.1        Surging demand in various industries

5.5         Impact Analysis of Drivers and Restraints

6.           Carbide Tools Market – Europe Analysis

6.1         Europe Carbide Tools Market Overview

6.2         Europe Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.           Europe Carbide Tools Market Analysis– By Tool Type

7.1         Overview

7.2         Europe Carbide Tools Market Breakdown, By Tool Type (2020 and 2028)

7.3         End Mills

7.3.1        Overview

7.3.2        End Mills: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.4         Tipped Bores

7.4.1        Overview

7.4.2        Tipped Bores: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.5         Burrs

7.5.1        Overview

7.5.2        Burrs: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.6         Drills

7.6.1        Overview

7.6.2        Drills: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.7         Cutters

7.7.1        Overview

7.7.2        Cutters: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

7.8         Other Tools

7.8.1        Overview

7.8.2        Other Tools: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

8.           Europe Carbide Tools Market Analysis– By Configuration

8.1         Overview

8.2         Europe Carbide Tools Market Breakdown, By Configuration (2020 and 2028)

8.3         Hand-Based

8.3.1        Overview

8.3.2        Hand-Based: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

8.4         Machine-Based

8.4.1        Overview

8.4.2        Machine-Based: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.           Europe Carbide Tools Market Analysis – By End-User

9.1         Overview

9.2         Europe Carbide Tools Market, By End-User (2020 and 2028)

9.3         Automotive and Transportation

9.3.1        Overview

9.3.2        Automotive and Transportation: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.4         Metal Fabrication

9.4.1        Overview

9.4.2        Metal Fabrication: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.5         Construction

9.5.1        Overview

9.5.2        Construction: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.6         Oil and Gas

9.6.1        Overview

9.6.2        Oil and Gas: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.7         Heavy Machinery

9.7.1        Overview

9.7.2        Heavy Machinery: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

9.8         Other End-User

9.8.1        Overview

9.8.2        Other End-User Industry: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

10.        Europe Carbide Tools Market – Country Analysis

10.1      Overview

10.1.1     Europe: Carbide Tools Market, by Key Country

10.1.1.1       Germany: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Germany: Carbide Tools Market, by Tool Type

10.1.1.1.2       Germany: Carbide Tools Market, by Configuration

10.1.1.1.3       Germany: Carbide Tools Market, by End-User

10.1.1.2       France: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       France: Carbide Tools Market, by Tool Type

10.1.1.2.2       France: Carbide Tools Market, by Configuration

10.1.1.2.3       France: Carbide Tools Market, by End-User

10.1.1.3       Italy: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       Italy: Carbide Tools Market, by Tool Type

10.1.1.3.2       Italy: Carbide Tools Market, by Configuration

10.1.1.3.3       Italy: Carbide Tools Market, by End-User

10.1.1.4       UK: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       UK: Carbide Tools Market, by Tool Type

10.1.1.4.2       UK: Carbide Tools Market, by Configuration

10.1.1.4.3       UK: Carbide Tools Market, by End-User

10.1.1.5       Russia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1       Russia: Carbide Tools Market, by Tool Type

10.1.1.5.2       Russia: Carbide Tools Market, by Configuration

10.1.1.5.3       Russia: Carbide Tools Market, by End-User

10.1.1.6       Rest of Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1       Rest of Europe: Carbide Tools Market, by Tool Type

10.1.1.6.2       Rest of Europe: Carbide Tools Market, by Configuration

10.1.1.6.3       Rest of Europe: Carbide Tools Market, by End-User

11.        Europe Carbide Tools Market- COVID-19 Impact Analysis

11.1      Europe

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      New Development

12.4      Merger and Acquisition

13.        Company Profiles

13.1      CERATIZIT S.A.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      GARR TOOL

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Ingersoll Cutting Tool Company

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      KYOCERA Precision Tools

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      DIMAR GROUP

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      MITSUBISHI MATERIALS Corporation

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Sandvik Coromant

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Makita Corporation

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             Europe Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe Carbide Tools Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Germany: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Germany: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Germany: Carbide Tools Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 6.             France: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             France: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 8.             France: Carbide Tools Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Italy: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Italy: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Italy: Carbide Tools Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 12.          UK: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          UK: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 14.          UK: Carbide Tools Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 15.          Russia: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Russia: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Russia: Carbide Tools Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of Europe: Carbide Tools Market, by Tool Type – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of Europe: Carbide Tools Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Rest of Europe: Carbide Tools Market, by End-User – Revenue and Forecast to 2028 (US$ Million)

Table 21.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Carbide Tools Market Segmentation

Figure 2.           Europe Carbide Tools Market Segmentation – By Country

Figure 3.           Europe Carbide Tools Market Overview

Figure 4.           End Mills Segment held the Largest Share of Europe Carbide Tools Market

Figure 5.           Machine-Based Segment held the Largest Share of Europe Carbide Tools Market

Figure 6.           Automotive and Transportation segment held the Largest Share of Europe Carbide Tools Market

Figure 7.           UK to Show Great Traction During Forecast Period

Figure 8.           Europe – PEST Analysis

Figure 9.           Europe Carbide Tools Market, Ecosystem

Figure 10.        Expert Opinions

Figure 11.        Europe Carbide Tools Market Impact Analysis of Drivers and Restraints

Figure 12.        Europe Carbide Tools Market Revenue and Forecast to 2028(US$ Million) (US$ Million)

Figure 13.        Europe Carbide Tools Market Breakdown, By Tool Type (2020 and 2028)

Figure 14.        Europe End Mills: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 15.        Europe Tipped Bores: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 16.        Europe Burrs: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 17.        Europe Drills: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 18.        Europe Cutters: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 19.        Europe Other Tools: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 20.        Europe Carbide Tools Market Breakdown, By Configuration (2020 and 2028)

Figure 21.        Europe Hand-Based: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 22.        Europe Machine-Based: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 23.        Europe Carbide Tools Market Breakdown, By End-User (2020 and 2028)

Figure 24.        Europe Automotive and Transportation: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 25.        Europe Metal Fabrication: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 26.        Europe Construction: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 27.        Europe Oil and Gas: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 28.        Europe Heavy Machinery Industry: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 29.        Europe Other End-User: Carbide Tools Market Revenue and Forecast to 2028(US$ Million)

Figure 30.        Europe: Carbide tools Market, by Key Country – Revenue (2020) (USD Million)

Figure 31.        Europe: Carbide Tools Market Revenue Share, by Key Country (2020 and 2028)

Figure 32.        Germany: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        France: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Italy: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.        UK: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36.        Russia: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        Rest of Europe: Carbide Tools Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38.        Impact of COVID-19 Pandemic in Europe Country Markets

 

  1. CERATIZIT S.A.
  2. DIMAR GROUP
  3. GARR TOOL
  4. Ingersoll Cutting Tool Company
  5. KYOCERA Precision Tools
  6. Makita Corporation
  7. MITSUBISHI MATERIALS Corporation
  8. Sandvik Coromant
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe carbide tools market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in Europe carbide tools market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the carbide tools market, as well as those hindering it 
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution     

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