Asia Pacific Cutting Tools Market 2023-2033 by Tool Type (Solid Round, Indexable), Product (Groovers, Reamers, Milling Cutters, Drills), Material (Cemented Carbide, HSS, Ceramics, CBN), Chip Breaker (Step, Ridge, Universal, Separate), Application, Industry Vertical, Distribution Channel (Offline, Online), and Country: Trend Forecast and Growth Opportunity

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Asia Pacific cutting tools market will grow by 6.0% annually with a total addressable market cap of $163.03 billion over 2024-2033. The growth is driven by the increasing production and manufacturing activities, improved operational efficiency and innovative design, and an increasing demand for power tools for DIY activities.
Highlighted with 71 tables and 47 figures, this 148-page report "Asia Pacific Cutting Tools Market 2023-2033 by Tool Type (Solid Round, Indexable), Product (Groovers, Reamers, Milling Cutters, Drills), Material (Cemented Carbide, HSS, Ceramics, CBN), Chip Breaker (Step, Ridge, Universal, Separate), Application, Industry Vertical, Distribution Channel (Offline, Online), and Country: Trend Forecast and Growth Opportunity" is based on comprehensive research of the entire Asia Pacific cutting tools market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific cutting tools market in every aspect of the classification from perspectives of Tool Type, Product, Material, Chip Breaker, Application, Industry Vertical, Distribution Channel, and Country.

Based on Tool Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Solid Round Tools
• Indexable Cutting Tools

Based on Product, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Groovers
• Reamers
• Milling Cutters
• Drills
• Other Products

By Material, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Cemented Carbide
• High-speed Steel (HSS)
• Ceramics
• Cubic Boron Nitride (CBN)
• Other Materials

By Chip Breaker, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Step/Shelf Chip Breaker
• Groove/Ridge Chip Breaker
• Universal Chip Breaker
• Separate Chip Breaker

By Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Threading & Milling
• Shearing & Parting
• Grooving & Drilling
• Boring

By Industry Vertical, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Automotive Industry
• General Manufacturing
• Aerospace & Defense
• Oil & Gas
• Electronics Industry
• Construction
• Energy & Power
• Medical Industry
• Other Industry Verticals

By Distribution Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2023-2033 included in each section.
• Offline Sales
• Online Sales

Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets by Tool Type, Material, and Industry Vertical over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Ceratizit Group
Fraisa SA
Hikoki
Hilti Corporation
ICS Cutting Tools Inc.
Ingersoll Cutting Tools
Iscar Ltd.
J Schneeberger Maschinen AG
Kelin Tools
Kennametal Inc.
Kyocera
Makita Corporation
Mapal
OSG Corporation
OTTO BAIER GmbH
Robert Bosch
Sandvik AG
Snap-on Incorporated
Stanley Black & Decker
Vollmer
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

1 Introduction 9
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 27
2.1.3 Impact of Russia-Ukraine Conflict 29
2.1.4 Impact of Israel-Palestine War 31
2.2 Major Growth Drivers 33
2.3 Market Restraints and Challenges 36
2.4 Emerging Opportunities and Market Trends 39
2.5 Porter's Fiver Forces Analysis 43
3 Segmentation of Asia Pacific Market by Tool Type 47
3.1 Market Overview by Tool Type 47
3.2 Solid Round Tools 51
3.3 Indexable Cutting Tools 52
4 Segmentation of Asia Pacific Market by Product 53
4.1 Market Overview by Product 53
4.2 Groovers 57
4.3 Reamers 58
4.4 Milling Cutters 59
4.5 Drills 60
4.6 Other Products 61
5 Segmentation of Asia Pacific Market by Material 62
5.1 Market Overview by Material 62
5.2 Cemented Carbide 66
5.3 High-speed Steel (HSS) 67
5.4 Ceramics 68
5.5 Cubic Boron Nitride (CBN) 69
5.6 Other Materials 70
6 Segmentation of Asia Pacific Market by Chip Breaker 71
6.1 Market Overview by Chip Breaker 71
6.2 Step/Shelf Chip Breaker 75
6.3 Groove/Ridge Chip Breaker 76
6.4 Universal Chip Breaker 77
6.5 Separate Chip Breaker 78
7 Segmentation of Asia Pacific Market by Application 79
7.1 Market Overview by Application 79
7.2 Threading & Milling 83
7.3 Shearing & Parting 84
7.4 Grooving & Drilling 85
7.5 Boring 86
8 Segmentation of Asia Pacific Market by Industry Vertical 87
8.1 Market Overview by Industry Vertical 87
8.2 Automotive Industry 91
8.3 General Manufacturing 92
8.4 Aerospace & Defense 93
8.5 Oil & Gas 94
8.6 Electronics Industry 95
8.7 Construction 96
8.8 Energy & Power 97
8.9 Medical Industry 98
8.10 Other Industry Verticals 99
9 Segmentation of Asia Pacific Market by Distribution Channel 100
9.1 Market Overview by Distribution Channel 100
9.2 Offline Sales 104
9.3 Online Sales 105
10 Asia-Pacific Market 2023-2033 by Country 106
10.1 Overview of Asia-Pacific Market 106
10.2 Japan 109
10.3 China 112
10.4 Australia 115
10.5 India 117
10.6 South Korea 119
10.7 Rest of APAC Region 121
11 Competitive Landscape 123
11.1 Overview of Key Vendors 123
11.2 New Product Launch, Partnership, Investment, and M&A 126
11.3 Company Profiles 127
Ceratizit Group 127
Fraisa SA 129
Hikoki 130
Hilti Corporation 131
ICS Cutting Tools Inc. 132
Ingersoll Cutting Tools 133
Iscar Ltd. 134
J Schneeberger Maschinen AG 135
Kelin Tools 136
Kennametal Inc. 137
Kyocera 138
Makita Corporation 139
Mapal 140
OSG Corporation 141
OTTO BAIER GmbH 142
Robert Bosch 143
Sandvik AG 144
Snap-on Incorporated 145
Stanley Black & Decker 146
Vollmer 147
RELATED REPORTS 148

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