Interchangeable Tool Market

Interchangeable tool market: get newly released statistics secured by an Ai-driven BI tool. Info include production, market prices, imports, consumption, trade, exports, market size, and companies. There is a split by country, including Africa, the Middle East, the U.S., Russia, Latin America, China, EU, and the U.K. Market insights and forecast to 2030 are also featured in the dashboards.


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Interchangeable Tool - World's Largest Markets

RatingCountry
1China
2Germany
3United States
4Mexico
5Brazil

In value terms, China, Germany and the United States appeared to be the countries with the highest levels of market value in 2020, together comprising 45% of the global market. Mexico, Brazil, Italy, Canada, Thailand, India, South Korea, France, Russia and Japan lagged somewhat behind, together accounting for a further 29%.

Italy recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while interchangeable tool market for the other global leaders experienced more modest paces of growth.

Interchangeable Tool Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
China163421126111863-14.8%
Spain136831361712835-3.1%
South Korea1453814155148181.0%
Taiwan (Chinese)1621325417181735.9%
United States254912337023438-4.1%
Italy274862579825613-3.5%
Japan3044132281315931.9%
Netherlands555984541643593-11.5%
Germany524755164348420-3.9%
Average253922290022596-5.7%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Germany ($48,420 per ton), while China ($11,863 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
China2891931121333557.4%
Mexico379063375731825-8.4%
Netherlands2537623431299738.7%
Thailand398522412828801-15.0%
Germany298772681827439-4.2%
Japan250052394324036-2.0%
France346012714421198-21.7%
United States1906820575208244.5%
Poland241712188120077-8.9%
United Kingdom218822290119688-5.1%
Czech Republic268862049918932-16.1%
Russia1703418226173661.0%
Spain1408515699164358.0%
Average253132466123963-2.7%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($33,355 per ton), while Spain ($16,435 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Interchangeable Tool - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States3.53.12.8-10.4%
Germany2.32.22-7.9%
China1.71.71.3-12.1%
Mexico1.31.21-11.5%
France0.80.80.6-7.8%

In value terms, the largest interchangeable tool importing markets worldwide were the United States ($2.8B), Germany ($2B) and China ($1.3B), together accounting for 30% of global imports. Mexico, France, Russia, the Netherlands, Thailand, Japan, the UK, Poland, the Czech Republic and Spain lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, the Netherlands saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Interchangeable Tool - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Germany4.54.23.7-10.3%
China4.13.63.6-6.3%
Japan2.52.31.9-11.6%
United States2.121.6-12.2%
South Korea1.71.51.5-3.4%

In value terms, Germany ($3.7B), China ($3.6B) and Japan ($1.9B) were the countries with the highest levels of exports in 2020, together comprising 44% of global exports. These countries were followed by the United States, South Korea, Italy, the Netherlands, Taiwan (Chinese) and Spain, which together accounted for a further 27%.

In terms of the main exporting countries, the Netherlands recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Interchangeable Tool - Market Forecast

Driven by rising demand for interchangeable tool worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Interchangeable Tool - Top Companies

Angang Kuangshan Fuqi Qikuang Industry Co., Ltd., Qinghai Yiji Numerical Control Machine Tool Co., Ltd., Aartech GmbH, GLENCORE TECHNOLOGY PTY LIMITED, Smith International, Inc., Danfoss A/S, The Black & Decker Corporation, Husqvarna AB, Agie Charmilles SA, Snap-On Incorporated, DMG MORI CO., LTD., TRUMPF Schweiz AG, TRUMPF GmbH + Co. KG, Yankuang Donghua Group Co.,Ltd., Baltec Maschinenbau AG, Volvo Construction Equipment AB, DANIELI & C. OFFICINE MECCANICHE SPA, MAKITA CORPORATION, Bühler Denmark, Filial af Bühler Ag, Schweiz, Feintool Technologie AG

Interchangeable Tool - Product Coverage

  • HS 8207 - Tools, interchangeable; for hand tools, whether or not power-operated, or for machine tools (pressing, stamping, punching, drilling etc), including dies for drawing or extruding metal, and rock drilling or earth boring tools
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World - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global interchangeable tool market.

Latin America and the Caribbean - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the interchangeable tool market in Latin America and the Caribbean.

South-Eastern Asia - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the interchangeable tool market in South-Eastern Asia.

Australia and Oceania - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the interchangeable tool market in Australia and Oceania.

Northern America - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the interchangeable tool market in Northern America.

Southern Asia - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the interchangeable tool market in Southern Asia.

Middle East - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the interchangeable tool market in the Middle East.

Eastern Asia - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the interchangeable tool market in Eastern Asia.

Africa - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the interchangeable tool market in Africa.

Central Asia - Interchangeable Tools for Hand Tools - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the interchangeable tool market in Central Asia.

Geography