Carbide Tools Market

Carbide Tools Market Size by Operating Mode (Manual and Automatic), Product (Milling Tools, Drilling Tools, Turning Tools, Reamers, Taps and Dies and Others), Material Type (Calcium Carbide, Aluminum Carbide, Silicon Carbide, Iron Carbide and Tungsten Carbide), Coating (Coated and Non-Coated), End-user (Construction, Automotive, Aerospace, Electronics and Electrical, Mining, Metal Fabrication, Oil and Gas and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2022 Historical Data: 2020-21
  • Report ID: TBI-13222
  • Published Date: Jan, 2023
  • Pages: 235
  • Category: Machinery & Equipment
  • Format: PDF
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The global carbide tools market is expected to grow from USD 10.67 billion in 2022 to USD 16.38 billion by 2030, at a CAGR of 5.50% during the forecast period 2022-2030. The North American region is expected to dominate the market in 2022.

Market Introduction:

Carbide tools are widely used cutting tools used for shaping metal to be used in different applications. These tools provide high durability and precision grinding for rigid materials. Carbide tools are widely used for machining and shaping metals. These tools have extensive applications in automotive, electrical, automotive, aerospace, electronics, etc. Carbide tools have several benefits, including wear and tear resistance, high speed, reduced cycle time, durability, and operability at high temperatures. There are various applications of carbide tools in the manufacturing industry. Carbide powder and tungsten powder are used for the manufacturing of carbide tools. With the help of these carbide tools, specially shaped-metal can be produced faster. Several unique capabilities are associated with such tools, making them favourable to be used in heavy-duty machines.

Carbide Tools Market Size

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Recent Development

In February 2021, a significant player, Mitsubishi Materials, acquired a 30 per cent stake in Chile-based Mantoverde Copper Mine. The deal was closed for USD 275 million. The objective of this acquisition was to improve Mitsubishi Material’s product portfolio of carbide tools.

Market Dynamics:

Drivers:

Growing application in different end-user industries: The use of carbide tools has proved to be effective for many industries such as aerospace, automobile, material handling industry, construction, and others. With carbide tools, metals can be shaped and grounded as the industries require. The use of carbide tools leads to the production of high-precision metal and cuts down on manual labour costs, thus increasing the profitability of manufacturing plants. The clients can operate the carbide tools at higher speeds for longer. Also, these tools ensure resistance against high temperatures. The carbide tools are available in diverse options depending on desired speed, temperature conditions, type of load, etc. Also, these tools can be operated via different inputs, such as manual and electrical. The metals shaped and processed using carbide tools are developed for withstanding extreme conditions, making them favourable for use in many verticals.

Restraints:

Fluctuation in prices of materials used – Different raw materials are used to produce carbide tools, such as calcium carbide, aluminium carbide, silicon carbide, iron carbide and tungsten carbide. The cost of these materials differs; thus, the final cost of carbide tools depends upon the material used for their manufacturing. The raw material prices associated with developing carbide tools contribute to the total costs. Further, these factors also segregate the market shares among critical vendors, which leads to a loss on the supplier side, affecting the quality of product development. Thus, the fluctuating cost of raw materials affects the market growth of carbide tools.

Opportunities:

Increasing construction activities – Over the last few decades, trends in the global construction business have changed at a breakneck speed. Technology advancements, significant advances in construction processes, and higher-quality raw materials are just a few factors that have increased the construction sector in recent years. While economic considerations will continue to play a role in the construction industry's expansion worldwide, the world's fast-rising population will drive up demand for heavy and civil engineering and general construction. A significant increase in industrial, residential, and commercial projects is predicted to support this market growth of carbide tools worldwide. Furthermore, the enormous growth in the number of general construction projects will impact the demand for carbide tools in different applications.  

Challenges:

Availability of substitutes - With the growth of the construction industry, advanced tools with better attributes are being developed by manufacturers. The carbide tools can sometimes be inefficient, especially in the mining and oil industry. Thus, many companies are researching and developing new-edge automatic tools that can substitute carbide tools for specific applications.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the most potent global carbide tools market, with a market revenue share of 34.10% in 2022. The carbide tools market is booming in U.S. and Canada, given the increasing growth rate of end-user industries such as automotive, construction and aerospace. There are several product launches in North America to meet the demand from various sectors. The automotive industry has contributed chiefly to the demand for carbide tools in the region. The Asia-Pacific region is expected to grow lucratively during the forecast period. The region is witnessing a high growth rate in the infrastructural industry and rising investments in the automotive industry, and these factors are contributing to the carbide tools market.

North America region Carbide Tools Market Share in 2022 - 34.10%

 

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Operating Mode Segment Analysis

The operating mode segment is divided into manual and automatic. The manual segment dominated the market with a revenue share of 68.92% in 2022. Manual carbide tools are popularly known as hand-based carbide tools. These are widely utilized in construction, manufacturing, automotive and some specific industries.

Product Segment Analysis

The product segment is divided into milling tools, drilling tools, turning tools, reamers, taps and dies and others. The milling tools segment dominated the market with a market share of 35.10% in 2022. Milling tools are used widely due to their attributes, including hardness, rigidity and high efficiency. The productivity of operations can be enhanced using milling tools.

Material Type Segment Analysis

The material type segment includes calcium carbide, aluminium carbide, silicon carbide, iron carbide and tungsten carbide. The calcium carbide segment dominated the market with a revenue share of 32.11% in 2022. Calcium carbide is the most common raw material used to produce carbide tools. It is readily available across regions and has favourable attributes, such primary its thermal stability.

Coating Segment Analysis

The coating segment includes coated and non-coated. The coated segment dominated the market with a revenue share of 65.20% in 2022. Coated inserts are in high demand due to their efficiency in different components. Coated tools help in improving the production output and reducing the operation time.

End-user Segment Analysis

The end-user segment includes construction, automotive, aerospace, electronics and electrical, mining, metal fabrication, oil and gas and others. The automotive segment dominated the market with a revenue share of 32.02% in 2022. The increasing number of automotive manufacturers is the primary growth factor for carbide tools. Metal fabrication is necessary for automotive components; thus, carbide tools have extensive applications in conventional and electric vehicles.

Some of the Key Market Players:
  • Best Carbide Cutting Tools, Inc.
  • Advent Tool & Manufacturing, Inc.
  • Garr Tool Company
  • Ingersoll Cutting Tool Company
  • Mitsubishi Materials Corporation
  • VHF Camfacture AG
  • CERATIZIT S.A.
  • Rock River Tool, Inc.
  • Vora Industries
  • SGS Tool Company
  • Tunco Manufacturing Inc.
  • PROMAX Tools
  • Global Excel Tools Manufacturing Sdn
  • OSG Corporation
  • Sandvik AB
  • Plansee Group
  • Sumitomo Electric Corporation
  • Guhring Ltd.
  • Allied Machine and Engineering Corp

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 10.67 Billion
Market size value in 2030 USD 16.38 Billion
CAGR (2022 to 2030) 5.50%
Historical data 2019-2020
Base Year 2021
Forecast 2022-2030
Segments The research segment is based on operating mode, product, material type, coating and end-user.
Regional Segments The regions examined for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the carbide tools market was valued 10.67 billion in 2022 to USD 16.38 Billion by 2030.

Global carbide tools market is growing at a CAGR of 5.50% during the forecast period 2022-2030.

The market's growth will be influenced by the growing demand for carbide tools in end-users including automotive, construction and aerospace.

The fluctuating cost of raw materials could hamper the market growth.

The increasing growth rate of construction industry is providing huge opportunities to the market.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Operating Mode
          4.3.2. Market Attractiveness Analysis By Product
          4.3.3. Market Attractiveness Analysis By Material Type
          4.3.4. Market Attractiveness Analysis By Coating
          4.3.5. Market Attractiveness Analysis By End-user
          4.3.6. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing demand for carbide tools in different applications
    5.3. Restraints
          5.3.1. Fluctuating cost of raw materials
    5.4. Opportunities
          5.4.1. Increasing investment in construction industry
    5.5. Challenges
          5.5.1. Availability of substitutes

6. Global Carbide Tools Market Analysis and Forecast, By Operating Mode
    6.1. Segment Overview
    6.2. Manual
    6.3. Automatic

7. Global Carbide Tools Market Analysis and Forecast, By Product
    7.1. Segment Overview
    7.2. Milling Tools
    7.3. Drilling Tools
    7.4. Turning Tools
    7.5. Reamers
    7.6. Taps and Dies
    7.7. Others

8. Global Carbide Tools Market Analysis and Forecast, By Material Type
    8.1. Segment Overview
    8.2. Calcium Carbide
    8.3. Aluminum Carbide
    8.4. Silicon Carbide
    8.5. Iron Carbide
    8.6. Tungsten Carbide

9. Global Carbide Tools Market Analysis and Forecast, By Coating
    9.1. Segment Overview
    9.2. Coated
    9.3. Non-Coated

10. Global Carbide Tools Market Analysis and Forecast, By End-user
    10.1. Segment Overview
    10.2. Construction
    10.3. Automotive
    10.4. Aerospace
    10.5. Electronics and Electrical
    10.6. Mining
    10.7. Metal Fabrication
    10.8. Oil and Gas
    10.9. Others

11. Global Carbide Tools Market Analysis and Forecast, By Regional Analysis
    11.1. Segment Overview
    11.2. North America
          11.2.1. U.S.
          11.2.2. Canada
          11.2.3. Mexico
    11.3. Europe
          11.3.1. Germany
          11.3.2. France
          11.3.3. U.K.
          11.3.4. Italy
          11.3.5. Spain
    11.4. Asia-Pacific
          11.4.1. Japan
          11.4.2. China
          11.4.3. India
    11.5. South America
          11.5.1. Brazil
    11.6. Middle East and Africa
          11.6.1. UAE
          11.6.2. South Africa

12. Global Carbide Tools Market-Competitive Landscape
    12.1. Overview
    12.2. Market Share of Key Players in the Carbide Tools Market
          12.2.1. Global Company Market Share
          12.2.2. North America Company Market Share
          12.2.3. Europe Company Market Share
          12.2.4. APAC Company Market Share
    12.3. Competitive Situations and Trends
          12.3.1. Product Launches and Developments
          12.3.2. Partnerships, Collaborations, and Agreements
          12.3.3. Mergers & Acquisitions
          12.3.4. Expansions

13. Company Profiles
    13.1. Best Carbide Cutting Tools, Inc.
          13.1.1. Business Overview
          13.1.2. Company Snapshot
          13.1.3. Company Market Share Analysis
          13.1.4. Company Product Portfolio
          13.1.5. Recent Developments
          13.1.6. SWOT Analysis
    13.2. Advent Tool & Manufacturing, Inc.
          13.2.1. Business Overview
          13.2.2. Company Snapshot
          13.2.3. Company Market Share Analysis
          13.2.4. Company Product Portfolio
          13.2.5. Recent Developments
          13.2.6. SWOT Analysis
    13.3. Garr Tool Company
          13.3.1. Business Overview
          13.3.2. Company Snapshot
          13.3.3. Company Market Share Analysis
          13.3.4. Company Product Portfolio
          13.3.5. Recent Developments
          13.3.6. SWOT Analysis
    13.4. Ingersoll Cutting Tool Company
          13.4.1. Business Overview
          13.4.2. Company Snapshot
          13.4.3. Company Market Share Analysis
          13.4.4. Company Product Portfolio
          13.4.5. Recent Developments
          13.4.6. SWOT Analysis
    13.5. Mitsubishi Materials Corporation
          13.5.1. Business Overview
          13.5.2. Company Snapshot
          13.5.3. Company Market Share Analysis
          13.5.4. Company Product Portfolio
          13.5.5. Recent Developments
          13.5.6. SWOT Analysis
    13.6. VHF Camfacture AG
          13.6.1. Business Overview
          13.6.2. Company Snapshot
          13.6.3. Company Market Share Analysis
          13.6.4. Company Product Portfolio
          13.6.5. Recent Developments
          13.6.6. SWOT Analysis
    13.7. CERATIZIT S.A.
          13.7.1. Business Overview
          13.7.2. Company Snapshot
          13.7.3. Company Market Share Analysis
          13.7.4. Company Product Portfolio
          13.7.5. Recent Developments
          13.7.6. SWOT Analysis
    13.8. Rock River Tool, Inc.
          13.8.1. Business Overview
          13.8.2. Company Snapshot
          13.8.3. Company Market Share Analysis
          13.8.4. Company Product Portfolio
          13.8.5. Recent Developments
          13.8.6. SWOT Analysis
    13.9. Vora Industries
          13.9.1. Business Overview
          13.9.2. Company Snapshot
          13.9.3. Company Market Share Analysis
          13.9.4. Company Product Portfolio
          13.9.5. Recent Developments
          13.9.6. SWOT Analysis
    13.10. SGS Tool Company
          13.10.1. Business Overview
          13.10.2. Company Snapshot
          13.10.3. Company Market Share Analysis
          13.10.4. Company Product Portfolio
          13.10.5. Recent Developments
          13.10.6. SWOT Analysis
    13.11. Tunco Manufacturing Inc.
          13.11.1. Business Overview
          13.11.2. Company Snapshot
          13.11.3. Company Market Share Analysis
          13.11.4. Company Product Portfolio
          13.11.5. Recent Developments
          13.11.6. SWOT Analysis
    13.12. PROMAX Tools
          13.12.1. Business Overview
          13.12.2. Company Snapshot
          13.12.3. Company Market Share Analysis
          13.12.4. Company Product Portfolio
          13.12.5. Recent Developments
          13.12.6. SWOT Analysis
    13.13. Global Excel Tools Manufacturing Sdn
          13.13.1. Business Overview
          13.13.2. Company Snapshot
          13.13.3. Company Market Share Analysis
          13.13.4. Company Product Portfolio
          13.13.5. Recent Developments
          13.13.6. SWOT Analysis
    13.14. OSG Corporation
          13.14.1. Business Overview
          13.14.2. Company Snapshot
          13.14.3. Company Market Share Analysis
          13.14.4. Company Product Portfolio
          13.14.5. Recent Developments
          13.14.6. SWOT Analysis
    13.15. Sandvik AB
          13.15.1. Business Overview
          13.15.2. Company Snapshot
          13.15.3. Company Market Share Analysis
          13.15.4. Company Product Portfolio
          13.15.5. Recent Developments
          13.15.6. SWOT Analysis
    13.16. Plansee Group
          13.16.1. Business Overview
          13.16.2. Company Snapshot
          13.16.3. Company Market Share Analysis
          13.16.4. Company Product Portfolio
          13.16.5. Recent Developments
          13.16.6. SWOT Analysis
    13.17. Sumitomo Electric Corporation
          13.17.1. Business Overview
          13.17.2. Company Snapshot
          13.17.3. Company Market Share Analysis
          13.17.4. Company Product Portfolio
          13.17.5. Recent Developments
          13.17.6. SWOT Analysis
    13.18. Guhring Ltd.
          13.18.1. Business Overview
          13.18.2. Company Snapshot
          13.18.3. Company Market Share Analysis
          13.18.4. Company Product Portfolio
          13.18.5. Recent Developments
          13.18.6. SWOT Analysis
    13.19. Allied Machine and Engineering Corp
          13.19.1. Business Overview
          13.19.2. Company Snapshot
          13.19.3. Company Market Share Analysis
          13.19.4. Company Product Portfolio
          13.19.5. Recent Developments
          13.19.6. SWOT Analysis
 

List of Table

1. Global Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

2. Global Manual, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

3. Global Automatic, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

4. Global Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

5. Global Milling Tools, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

6. Global Drilling Tools, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

7. Global Turning Tools, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

8. Global Reamers, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

9. Global Taps and Dies, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

10. Global Others, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

11. Global Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

12. Global Calcium Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

13. Global Aluminum Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

14. Global Silicon Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

15. Global Iron Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

16. Global Tungsten Carbide, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

17. Global Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

18. Global Coated, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

19. Global Non-Coated, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

20. Global Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

21. Global Construction, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

22. Global Automotive, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

23. Global Aerospace, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

24. Global Electronics and Electrical, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

25. Global Mining, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

26. Global Metal Fabrication, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

27. Global Oil and Gas, Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

28. Global Others, Carbide Tools Market, By Region, 2019-2030 (USD Billion)

29. Global Carbide Tools Market, By Region, 2019-2030 (USD Billion) 

30. North America Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

31. North America Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

32. North America Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

33. North America Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

34. North America Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

35. U.S. Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

36. U.S. Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

37. U.S. Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

38. U.S. Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

39. U.S. Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

40. Canada Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

41. Canada Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

42. Canada Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

43. Canada Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

44. Canada Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

45. Mexico Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

46. Mexico Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

47. Mexico Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

48. Mexico Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

49. Mexico Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

50. Europe Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

51. Europe Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

52. Europe Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

53. Europe Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

54. Europe Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

55. Germany Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

56. Germany Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

57. Germany Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

58. Germany Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

59. Germany Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

60. France Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

61. France Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

62. France Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

63. France Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

64. France Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

65. U.K. Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

66. U.K. Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

67. U.K. Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

68. U.K. Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

69. U.K. Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

70. Italy Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

71. Italy Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

72. Italy Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

73. Italy Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

74. Italy Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

75. Spain Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

76. Spain Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

77. Spain Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

78. Spain Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

79. Spain Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

80. Asia Pacific Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

81. Asia Pacific Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

82. Asia Pacific Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

83. Asia Pacific Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

84. Asia Pacific Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

85. Japan Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

86. Japan Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

87. Japan Carbide Tools Market, By Material Type 2019-2030 (USD Billion)

88. Japan Carbide Tools Market, By Coating, 2019-2030 (USD Billion)

89. Japan Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

90. China Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

91. China Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

92. China Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

93. China Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

94. China Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

95. India Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

96. India Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

97. India Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

98. India Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

99. India Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

100. South America Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

101. South America Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

102. South America Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

103. South America Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

104. South America Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

105. Brazil Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

106. Brazil Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

107. Brazil Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

108. Brazil Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

109. Brazil Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

110. Middle East and Africa Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

111. Middle East and Africa Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

112. Middle East and Africa Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

113. Middle East and Africa Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

114. Middle East and Africa Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

115. UAE Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

116. UAE Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

117. UAE Carbide Tools Market, By Material Type, 2019-2030 (USD Billion)

118. UAE Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

119. UAE Carbide Tools Market, By End-user, 2019-2030 (USD Billion) 

120. South Africa Carbide Tools Market, By Operating Mode, 2019-2030 (USD Billion) 

121. South Africa Carbide Tools Market, By Product, 2019-2030 (USD Billion) 

122. South Africa Carbide Tools Market, By Material Type, 2019-2030 (USD Billion) 

123. South Africa Carbide Tools Market, By Coating, 2019-2030 (USD Billion) 

124. South Africa Carbide Tools Market, By End-user, 2019-2030 (USD Billion)  

List of Figures 

1. Global Carbide Tools Market Segmentation

2. Carbide Tools Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Carbide Tools Market Attractiveness Analysis By Operating Mode

9. Global Carbide Tools Market Attractiveness Analysis By Product

10. Global Carbide Tools Market Attractiveness Analysis By Material Type

11. Global Carbide Tools Market Attractiveness Analysis By Coating

12. Global Carbide Tools Market Attractiveness Analysis By End-user

13. Global Carbide Tools Market Attractiveness Analysis By Region

14. Global Carbide Tools Market: Dynamics

15. Global Carbide Tools Market Share by Operating Mode (2022 & 2030)

16. Global Carbide Tools Market Share by Product (2022 & 2030)

17. Global Carbide Tools Market Share by Material Type (2022 & 2030)

18. Global Carbide Tools Market Share by Coating (2022 & 2030)

19. Global Carbide Tools Market Share by End-user (2022 & 2030)

20. Global Carbide Tools Market Share by Regions (2022 & 2030)

21. Global Carbide Tools Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global carbide tools market based on below mentioned segments:

Global Carbide Tools Market by Operating Mode:

  • Manual
  • Automatic

Global Carbide Tools Market by Product:

  • Milling Tools
  • Drilling Tools
  • Turning Tools
  • Reamers
  • Taps and Dies
  • Others

Global Carbide Tools Market by Material Type:

  • Calcium Carbide
  • Aluminum Carbide
  • Silicon Carbide
  • Iron Carbide
  • Tungsten Carbide

Global Carbide Tools Market by Coating:

  • Coated
  • Non-Coated

Global Carbide Tools Market by End-user:

  • Construction
  • Automotive
  • Aerospace
  • Electronics and Electrical
  • Mining
  • Metal Fabrication
  • Oil and Gas
  • Others

Global Carbide Tools Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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