Pune, India, June 2019 /MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on Global Tool Holder Market. The Global Tool Holder Market is Expected to Witness 5.3% CAGR During the Period, 2022–2030.
Tool holders have the capabilities to manufacture and repair or rework, a wide range of products such as air gages and fixtures, special design machine spindles, and standard and special masters and tapered parts. Furthermore, tool holders play an important role in various applications including drilling, reaming, tapping, gage, and quality control.
The growing automotive, electric and electronics, and manufacturing infrastructure from countries such as China, Germany, Norway, and Japan drive the growth of tool holder market. Furthermore, technological advancement and growing awareness about the importance of tool holder from the end-use industries are set to drive the growth of this market.
Drivers: Tool Holder
Market Research Analysis
In terms of region, the global market for the tool Holder is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the highest market share during the forecast period owing to growing electrical and electronics industy in China, India, and Japan. Moreover, the increase in the production and sales of automobiles is expected to boost the demand for tool holders in this region.
North America is estimated to grow at a significant rate in tool holder market during forecast period owing to growing demand from healthcare and aviation industries and the presence of key playes, such as Ingersoll Cutting Tool Company, BIG KAISER Precision Tooling Inc., Guhring, Inc., and Gerb Tool Holders, Inc., in the US, is also contributing in the growth of this market. Furthermore, the companies in North America are adopting advanced technologies to enhance the products related with the tool holder, which would drive the development of products and more efficient tool holder systems and solutions.
In Europe, the tool holder market is estimated to witness high growth. Europe is one of the market leaders for manufacturing tool holders. The original equipment manufacturers (OEMs) in the region are focusing on the advanced safety features for machinery and equipment industry, which will be considered as a key driver for the market growth. Germany and France hold the highest shares of the tool holder market in this region.
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The key players operating in the global tool holder market are SCHUNK GmbH & Co. KG (Germany), KYOCERA UNIMERCO A/S (Demnark), Ingersoll Cutting Tool Company (US), Gerb Tool Holders, Inc. (US), Seco Tools (Sweden), BIG KAISER Precision Tooling Inc. (US), CERATIZIT S.A. (US), Guhring, Inc. (US), Kennametal (US), Sandvik Coromant (Sweden), and LMT Onsrud LP (US).
Scope of the Report
This study provides an overview of the global tool holder market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global tool holder market by tool holder type, product type, machine type, industry vertical, and region.