Tool Holder Market Research Report - Global Forecast till 2030

Tool Holder Market Research Report: Information by Tool Holder (Collet Chuck, Hydraulic Toolholders, Milling Chucks and others), by Product Type (R8, V-Flange Taper, NMTB, HSK and others), by Machine Type (CNC Machining Center, CNC Turning Center, CNC Lathe and others), by Industry Vertical (Automotive, Aerospace & Defence, Electric & Electronics, Construction, Heavy Engineering and others) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/IA - E/6502-HCR | January 2023 | Region: Global | 100 Pages         

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Tool Holder Market

Tool Holder Market Size is expected to cross USD $4 billion by 2028 at a CAGR of 5.30% during the forecast period 2022-2030

By Tool Holder Collet Chuck Hydraulic Toolholders Milling Chucks others
By Product Type R8 V-Flange Taper NMTB HSK others
By Machine Type CNC Machining Center CNC Turning Center CNC Lathe others
By Industry Vertical Automotive Aerospace & Defence Electric & Electronics Construction Heavy Engineering others
Key Players
Companies Profiled   Sandvik AB   BIG KAISER Precision Tooling Inc.   Guhring Inc   Collis Toolholder Corp   Kyocera Unimerco Tooling A/S   Kennametal Inc   Ingersoll Cutting Tool Company   Schunk GmbH & Co KG   Haimer GmbH   Ceratizit S.A.
Market Driving Forces   Growing use of loT for condition-based monitoring of tool holders   Technological advancement in tool holder   Automatic and semi-automatic machine operations    Developing economies from emerging countries
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Tool Holder Market Overview

The Global Tool Holders Market size was valued at USD 2 billion in 2018 and is projected to reach $4 billion by 2028 with an expected CAGR of 5.3%. The growth in this industry can be attributed to various factors such as the rising demand for automation, increasing investment by leading players in developing economies, and technological advancements that are enabling the production of more efficient tools with fewer maintenance costs.

Tool holders are used to holding the cutting tool or end mill. The tool holder is a rotary device that supports the cutter and presses it against the workpiece during machining operations. It generally consists of two parts--a cylindrical shell and a collet chuck with internal teeth, which holds the cutting tool firmly in place by pressing on its shank from all directions and supporting it axially for rotation. The external threads allow for multiple tools (of different sizes) to be fitted into the same spindle head while allowing them to rotate independently to cut at various angles around an axis within limits determined by their design features. Tool holders are a critical component in the manufacturing process. They can be used to hold cutting tools, such as end mills, milling cutters, and shank drills. It is essential because it ensures that the cutting tool does not slip or move when drilling into metal, which could cause damage to the machine or injure workers.

COVID 19 Analysis

Manufacturing activities of different metalworking tool holders halted due to lockdown restrictions across many countries. Moreover, disruptions in the supply chain and shortage of raw materials posed challenges in production with a total capacity. The demand from end-users such as automobiles, electronics, aerospace & defense, and others reduced considerably due to a halt in disruptions in daily operations during the lockdown. However, the demand is expected to grow slowly post-lockdown as daily operations resume. There has been a ban on import-export work and it has led to the supply-demand gap. However, the lag of the supply chain will be back on track as the ban is lifted.

Tool Holder Market Dynamics

  • Drivers

An increase in urbanization and industrialization in emerging countries such as Germany, France, the U.S., and others drives the demand for automotive vehicles. It is expected to fuel the demand for tool holders, thereby driving the growth of the tool holder market. For instance, the degree of urbanization in the U.S. increased by 0.4% from 2021 onwards.

In addition, the tool holder is used in various industry verticals such as automotive, aerospace, and defense, owing to the rise in demand for tool holders. The healthcare industry in various countries such as the U.K., the U.S., and India is growing significantly due to an increase in investments in this sector by the government. For instance, in 2018, the U.K. Government spent $252.9 billion on the healthcare industry. It is expected to drive the demand for tool holders, owing to highly efficient, rigid, and high revolution per minute (rpm) features.

  • Restraints

However, fluctuation in foreign currencies and volatile economic conditions in the developing economies is anticipated to hamper the growth of the global metalworking tool holder market. Furthermore, growth in the machinery and equipment manufacturing sector is anticipated to provide lucrative opportunities for the growth of the global metalworking tools holder market.

  • Technology Analysis

A collet chuck is a cylindrical piece of metal with two jaws (usually four) that can be tightened around the square shank of an object to hold it firmly. The most common Type is woodworking; wearing a glove or vice-grip would not work well on the round stock as there isn't enough surface area for them to grip onto the end while turning.

End mill holders are chuck, jaws, or holders for holding an end mill. End mills can be held in turning and machining centers. They used to hold the cutter when a machine is not rotating so that it doesn't become dislodged during use while still keeping the load on the bearings to protect them from wear due to vibration.

Tool Holder Market Segment Overview

The market is segmented into Collet Chuck, End Mill Holders, Hydraulic Tool Holders, Milling Cutters Holder, Shrink Fit Holders, and Others.

Based on Application, the market is segmented into Automotive, Chemical Processing, Construction, Defense & Aerospace, Electronic General Machining, Medical/Research Oil & Gas Paper & Pulp Industry.

The market is segmented into the North American region, the Latin American region, Europe, Asia-Pacific, and Middle East & Africa based on Region. North American Region is estimated to account for the largest market share in 2018, while North America is forecasted to be the fastest-growing regional market during the 2021-2028 period. The Latin American region is expected to grow at the highest CAGR during the forecast period. Europe and the Asia Pacific are expected to grow at the second and third fastest rates.

Tool Holder Market Regional Analysis

Based on Region, Asia-Pacific, followed by Europe and North America, contributed to the highest market share in 2020, holding nearly half of the global metalworking tool holder market, and is estimated to maintain its dominance in terms of revenue by 2030. Moreover, this Region is expected to manifest the fastest CAGR of 4.3% during the forecast period. The main reason behind this is an increase in investments from significant producers for infrastructure, defense, and aerospace and a rise in urbanization.

Major players in the global market, such as Kyocera Unimerco Tooling A/S and BIG KAISER Precision Tooling Inc, adopt product launch and acquisition as a crucial development strategy to improve the product portfolio. For instance, the trends suggest that in June 2020, BIG KAISER Precision Tooling Inc had launched HDC Jet hydraulic chucks for 5-axis machining. It has a speed of 35,000 rpm and has a clamping capacity of ¼" to ½".

Tool Holder Market Competitive Landscape

Key players profiled in this tool holder market report include the following:

  • Sandvik AB

  • BIG KAISER Precision Tooling Inc.

  • Guhring Inc

  • Collis Toolholder Corp

  • Kyocera Unimerco Tooling A/S

  • Kennametal Inc

  • Ingersoll Cutting Tool Company

  • Schunk GmbH & Co KG

  • Haimer GmbH

  • Ceratizit S.A.

These major key players adopt various strategies to endure their market position in the virtual pipelines market in the global market by going for mergers, and acquisitions, collaborating with the new and existing players, setting up a new joint venture, establishing a joint or multi-functional partnership, developing a new product line, innovation in the existing product, developing a unique production process, and many others to expand their customer base in the untapped market of the virtual pipelines market all across the globe.

Recent Developments

A milling cutters holder is used to hold cylindrical tools such as milling cutters, drill bits, and end mills. These holders are sometimes referred to as work holding devices or tool holders. They can be either single-use disposable Type that does not require any maintenance after their use, semi-permanent Type requiring periodic maintenance, or permanent Type that may require more maintenance.

Hydraulic tool holders hold a cutting tool in place under pressure. The pressure is applied through hydraulic cylinders or pneumatic actuators, which push on both sides of the holder and create an axial force that holds the cutter securely at its desired position. A variety of different hydraulic tools exist for different machining materials.

The rise in adoption of tool holders in various end-users such as automotive, aerospace, defense, and others, owing to advantages such as highly efficient and highly productive, drives the growth of the global metalworking tool holder market. The global urban population is projected to rise by 2050, thereby fueling the demand for tool holders for the automotive and aerospace industry. A rise in infrastructure activities in developing countries such as India, Brazil, and others is expected to drive the demand for tool holders, fueling the metalworking tool holder market growth. The manufacturing industry uses tool holders extensively used in milling machines, drilling machines, and boring machines.

Tool Holder Market Report Overview

The tool holder market report extensively analyzes the current trends and future estimations. The report helps go forward with an extensive analysis of the global metalworking tool holder market by following critical product positioning and monitoring the top competitors within the market framework. The report functions as a comprehensive analysis of all the regions are provided to determine the prevailing opportunities. The global tool holder market forecast analysis, trends, drives, functions, and analysis from 2021 to 2030 are included in the report. The key market players within the global metalworking tool holder market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the global metalworking tool holder market based on the trends for the continuous period that ends in 2027.

Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant value
  CAGR   5.3%CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Tool Holder ,Product Type , Machine Type and Industry Vertical
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BIG KAISER Precision Tooling Inc. (US), CERATIZIT S.A. (US), Guhring, Inc. (US), Kennametal (US), Sandvik Coromant (Sweden), LMT Onsrud LP (US), SCHUNK GmbH & Co. KG (Germany), KYOCERA UNIMERCO A/S (Demnark), Ingersoll Cutting Tool Company (US), Gerb Tool Holders, Inc. (US), and Seco Tools (Sweden)
  Key Market Opportunities   Developing economies from emerging countries
  Key Market Drivers

  • Growing use of loT for condition-based monitoring of tool holders
  • Technological advancement in tool holder
  • Automatic and semi-automatic machine operations

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    Frequently Asked Questions (FAQ) :

    A 5.3% CAGR is expected to be noted in the global market.

    An acceleration in income potential is estimated to draw the growth plans of the market.

    An acceleration in the employment of horizontal machining center (HMC) machines is likely to define the development of the market in the approaching period.

    The segments of machine type, product type, tool holder type, industry vertical, and region are

    LMT Onsrud LP (US), SCHUNK GmbH & Co. KG (Germany), Sandvik Coromant (Sweden), and KYOCERA UNIMERCO A/S (Denmark) are the market contenders.