End Milling Cutter Market - Size, Share, Outlook, and Forecast till 2026

Milling cutters are cutting tools majorly used in milling machines or machining centers to perform milling operations. It is mainly used for producing precision shapes and holes on a milling or turning machine. End mills are available in a variety of design styles and materials. End milling process primarily differs from other milling processes due to the type of tooling that is used for abrading a given material. They have applications in profile milling, tracer milling, shape milling, face milling and plunging, which is major factor driving growth of the end milling cutter market. End mills are manufactured with different designs, materials, diameters, lengths, flutes, and protective coatings to meet specific user requirement. Milling process can produce gun parts, circuit boards, jewelry, and much more, which is further fueling growth of the end milling cutter market. However, high electricity consumption by milling tools and lack of skilled labors are the key factors restraining growth of the end milling cutter market. Also, high cost of equipment and tools is negatively affecting growth of end milling cutter market.

Key Developments in End Milling Cutter Market

Market players are engaged in developing efficient tools to maintain leading position in the end milling cutter market. For instance in 2018, Iscar introduced more than two dozen of the company’s latest tooling developments in North America. Milling tools in the Iscar Chess lines use precision, miniature, indexable inserts in place of solid carbide end mills to address smaller workpiece features. Some inserts are small enough for several to fit on a fingertip. Furthermore, in 2016, Mitsubishi Materials announced STAW Inch Drills, which is unique clamping system enabling strong, firm clamping of the insert and simplicity when changing inserts. Also, it has sharp peripheral edge cutting, which enables strong initial cutting point near the center for excellent accuracy. Major players operating in end milling cutter market include Bordo Industrial Pty ltd, Carbidex, Carmon, DC Swiss, DIAGER INDUSTRIE, DIXI Polytool, Dongguan KovesCutting Tool, Dorian Tool International, Dormer Pramet, Echaintool Industry, EMUGE FRANKEN, Euroboor BV.,GERIMA GmbH, Granlund Tools ,GUHRING, HAM Precision Tools, HITACHI TOOL, Hufschmied Zerspanungssysteme, MICRO 100,Mikron Machining, and Minicut International.

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