ID: MRFR/IA - E/6502-HCR | February 2021 | Region: Global | 100 pages
Tool Holder Market is expected to progress with 5.3% CAGR from 2019 to 2025.
Tool holders are the physical interchangeable interface between machine tool spindle and a cutting tool, which is designed for a specific application and tailored to enhance both, machine performance and operational efficiency. The machine mount style plays an important role for selection of a proper tool holder. Tool holders come in multiple machine mount styles from the older R8 style to newer HSK or VDI mount. The projection length of the tool holder is the distance from the gage line to the end of the tool holder. For smooth machining operations, it is very important that the tool is correctly inserted in the collet and rotates through its cutting path with reduced run-out.
The major key driving factors for the growth of this market are the growing concern over safety and security of machines, growing adoption of HSK or VDI tool holders in various industry verticals, growing automotive, construction, and aviation industries, and rising adoption of horizontal machining center (HMC) machines.
The strict industry regulations, lack of skilled professionals, component reliability issues, and costs associated with the development of tool holders in terms of research acts as a barrier for new market players. However, growing use of loT for condition-based monitoring of tool holders, technological advancement in tool holder, automatic and semi-automatic machine operations, and developing economies from emerging countries create ample opportunities for the expansion and growth of this market.
Some of the Key Market participants covered in the global tool holder market are 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).
Segmentation: Global Tool Holder Market
The global tool holder market is segmented on the basis of tool holder type, product type, machine type, industry vertical, and region. On the basis of tool holder type, the global market has been segmented into collet chuck, hydraulic toolholders, milling chucks, and others. On the basis of product, the global market has been segmented into R8, V-Flange Taper, NMTB, HSK type, and others. On the basis of machine type, the global market has been segmented into CNC machining center, CNC turning center, CNC lathe, and others. On the basis of industry vertical, the global market has been segmented into automotive, aerospace and defence, electric and electronics, construction, heavy engineering, and others.
Geographically, the global tool holder market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. The growth of Asia–Pacific can be attributed to the increasing use of tool holders in automotive, construction, and heavy engineering industries across the country. The market for tool holders is expected to grow at the highest rate in Asia-Pacific during the forecast period, due to increasing industrialization, primarily in China, Japan, and India. The existence of major manufacturers and operating units of global players in this region combined with the availability of sophisticated technologies enables the market to flourish.
North America is projected to witness significant growth for the tool holder market. The growing aviation & defence, marine, and off-road industries in the US and Canada enable the growth of the tool holder in North America.
The rest of the world includes the regions, such as South America and the Middle East & Africa. The Middle East & Africa is an emerging market owing to the increased expenditure by international players. South America is among the emerging regions, incorporating the technological changes in the tool holder market at a rapid pace. Countries such as Brazil and Argentina are significantly contributing to the growth of the market owing to the government initiatives, which are boosting the rapid development of the automotive and metalworking industry.
The report for global tool holder market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
|Market Size||2030 : Significant value|
|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||
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.