U.S. Cutting Tool And Machine Tool Accessories Market. Analysis And Forecast to 2030
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View PricingU.S. Cutting Tool Market Illustrates Positive Dynamics over the Last Few Years
IndexBox has just published a new report "U.S. Cutting Tool And Machine Tool Accessories Market. Analysis And Forecast to 2025". Here is a summary of the report's key findings.
Consumption of Cutting Tool in the U.S. Stood at X Billion USD
The U.S. cutting tool and machine tool accessories market remained relatively stable over the last two years, amounting to X billion USD in 2016. After a perceptible drop by X% in 2009, the market recovered in the next two years and continued to grow at a more moderate pace of growth.
In the Medium Term, the U.S. Growth in Cutting Tool and Machine Tool Accessories Market Is Set to Continue Steady Growth
According to IndexBox estimates. the U.S. growth in cutting tool and machine tool accessories consumption is expected to accelerate to +X% (currently +X%) in the medium term, amid the current economic recovery and a growing demand from downstream industries, such as machine shops, automotive producers and other manufacturers. It will lead the consumption of cutting tool and machine tool accessories to a level of X billion USD in 2025.
U.S. Cutting Tool and Machine Tool Accessories Output Saw a Steady Increase
U.S. cutting tool and machine tool accessories manufacturing illustrated positive dynamics over the last few years. In 2016, the value of shipments in the industry reached X million USD, rising with a CAGR of +X% from 2008 to 2016.
Canada and Mexico Were the Main Destinations of U.S. Cutting Tools
The U.S. exported X million USD of cutting tool and machine tool accessories in 2016, which accounted for X% of U.S. cutting tool and machine tool accessories output. In 2016, the main destinations of the U.S. cutting tool and machine tool accessories exports were Canada (X%), Mexico (X%), Germany (X%), Japan (X%), China (X%) and the U.K. (X%), together making up X% of total exports into the U.S. The share exported to Mexico increased (+X percentage points), while the share sent to the other countries remained relatively stable throughout the analyzed period.
China, Germany and Japan Were the Main Suppliers of Cutting Tools in the U.S.
The value of total U.S. cutting tool and machine tool accessories imports totaled X million USD in 2016, expanding at an average annual rate of +X% over the period under review. Intense competition from imports, particularly from China (X% of total consumption), Germany (X%) and Japan (X%), has increasingly constrained industry performance during this period. As a result, the share of imports in consumption has reached X% in 2016.
China (X%, based on USD), Germany (X%) and Japan (X%) were the main suppliers of cutting tool and machine tool accessories into the U.S., with a combined share of X% of total U.S. imports in 2016. China (+X% per year) was the fastest growing supplier from 2007 to 2016. China significantly strengthened its position in the U.S. imports by +X percentage points ftom 2007 to 2016. By contrast, Japan saw its share reduced by –X percentage points.
Do you want to know more about the U.S. cutting tool market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- cutting tool market share
- cutting tool prices
- cutting tool production
- cutting tool industry
- cutting tool sales
- cutting tool imports
- cutting tool exports
- cutting tool market forecast
- cutting tool price forecast
- cutting tool producers
This report provides an in-depth analysis of the cutting tool market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 333515 - Cutting tool and machine tool accessory manufacturing
Companies mentioned:
- Kennametal
- Coorstek
- Allied Machine & Engineering Corporation
- Varel International Ind
- Veridiam
- Diamond Products
- Fori Automation
- Guhring
- Greenleaf Corporation
- SGS Tool Company
- Walter Usa
- Covert Manufacturing
- Prince Industries
- Multicam
- Cwb Holding Co. of Loves Park
- Precision Dormer
- Brinkman International Group
- Star Cutter Co.
- Greenfield Industries
- Ingersoll Cutting Tool Company
- Abrasive-Tool Corp.
- Global Tooling Systems
- Triumph Twist Drill Co
- Viking Drill & Tool
- Seco Holding Co
- Schenck Corporation
- Precision Twist Drill Co.
- Axxess Technologies
- DH Holdings Corp.
- Heidenhain Holding
- Zyvex Corporation
- Carl Zeiss Industrial Metrology
- Kyocera Precision Tools
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
