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U.S. Cutting Tool And Machine Tool Accessories Market. Analysis And Forecast to 2030
Report Update: Jan 1, 2025

U.S. Cutting Tool And Machine Tool Accessories Market. Analysis And Forecast to 2030

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Jul 26, 2018

U.S. Cutting Tool Market Illustrates Positive Dynamics over the Last Few Years

IndexBox has just published a new report "U.S. Cutting Tool And Machine Tool Accessories Market. Analysis And Forecast to 2025". Here is a summary of the report's key findings.

Consumption of Cutting Tool in the U.S. Stood at X Billion USD

The U.S. cutting tool and machine tool accessories market remained relatively stable over the last two years, amounting to X billion USD in 2016. After a perceptible drop by X% in 2009, the market recovered in the next two years and continued to grow at a more moderate pace of growth.

In the Medium Term, the U.S. Growth in Cutting Tool and Machine Tool Accessories Market Is Set to Continue Steady Growth

According to IndexBox estimates. the U.S. growth in cutting tool and machine tool accessories consumption is expected to accelerate to +X% (currently +X%) in the medium term, amid the current economic recovery and a growing demand from downstream industries, such as machine shops, automotive producers and other manufacturers. It will lead the consumption of cutting tool and machine tool accessories to a level of X billion USD in 2025.

U.S. Cutting Tool and Machine Tool Accessories Output Saw a Steady Increase

U.S. cutting tool and machine tool accessories manufacturing illustrated positive dynamics over the last few years. In 2016, the value of shipments in the industry reached X million USD, rising with a CAGR of +X% from 2008 to 2016.

Canada and Mexico Were the Main Destinations of U.S. Cutting Tools

The U.S. exported X million USD of cutting tool and machine tool accessories in 2016, which accounted for X% of U.S. cutting tool and machine tool accessories output. In 2016, the main destinations of the U.S. cutting tool and machine tool accessories exports were Canada (X%), Mexico (X%), Germany (X%), Japan (X%), China (X%) and the U.K. (X%), together making up X% of total exports into the U.S. The share exported to Mexico increased (+X percentage points), while the share sent to the other countries remained relatively stable throughout the analyzed period.

China, Germany and Japan Were the Main Suppliers of Cutting Tools in the U.S.

The value of total U.S. cutting tool and machine tool accessories imports totaled X million USD in 2016, expanding at an average annual rate of +X% over the period under review. Intense competition from imports, particularly from China (X% of total consumption), Germany (X%) and Japan (X%), has increasingly constrained industry performance during this period. As a result, the share of imports in consumption has reached X% in 2016.

China (X%, based on USD), Germany (X%) and Japan (X%) were the main suppliers of cutting tool and machine tool accessories into the U.S., with a combined share of X% of total U.S. imports in 2016. China (+X% per year) was the fastest growing supplier from 2007 to 2016. China significantly strengthened its position in the U.S. imports by +X percentage points ftom 2007 to 2016. By contrast, Japan saw its share reduced by –X percentage points.

Do you want to know more about the U.S. cutting tool market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • cutting tool market share
  • cutting tool prices
  • cutting tool production
  • cutting tool industry
  • cutting tool sales
  • cutting tool imports
  • cutting tool exports
  • cutting tool market forecast
  • cutting tool price forecast
  • cutting tool producers

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cutting tool market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • NAICS 333515 - Cutting tool and machine tool accessory manufacturing

Companies mentioned:

  • Kennametal
  • Coorstek
  • Allied Machine & Engineering Corporation
  • Varel International Ind
  • Veridiam
  • Diamond Products
  • Fori Automation
  • Guhring
  • Greenleaf Corporation
  • SGS Tool Company
  • Walter Usa
  • Covert Manufacturing
  • Prince Industries
  • Multicam
  • Cwb Holding Co. of Loves Park
  • Precision Dormer
  • Brinkman International Group
  • Star Cutter Co.
  • Greenfield Industries
  • Ingersoll Cutting Tool Company
  • Abrasive-Tool Corp.
  • Global Tooling Systems
  • Triumph Twist Drill Co
  • Viking Drill & Tool
  • Seco Holding Co
  • Schenck Corporation
  • Precision Twist Drill Co.
  • Axxess Technologies
  • DH Holdings Corp.
  • Heidenhain Holding
  • Zyvex Corporation
  • Carl Zeiss Industrial Metrology
  • Kyocera Precision Tools

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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