Global Metalworking Toolholder Market 2022 - Snapshot

According to Gen Consulting Company, the global metalworking toolholder market is set to achieve an incremental growth of USD 219 million, acelerating at a CAGR of almost 4.1% during the forecast period 2022-2028.

This industry report offers market estimates of the global market, followed by a detailed analysis of the product, taper type, machine type, end user, and region. The global market data on metalworking toolholder can be segmented by product: chucks, holders, others. In 2021, the holder type segment made up the largest share of revenue generated by the metalworking toolholder market. Metalworking toolholder market is further segmented by taper type: bonsai taper, hollow taper shank, morse taper, v-flange taper, others. The hollow taper shank segment was the largest contributor to the global metalworking toolholder market in 2021. Based on machine type, the metalworking toolholder market is segmented into: CNC machine, automatic lathe machine. The CNC machine segment is estimated to account for the largest share of the global metalworking toolholder market. On the basis of end user, the metalworking toolholder market also can be divided into: general engineering, automotive & transportation, aerospace & defence, power & energy, medical, others. The general engineering segment held the largest share of the global metalworking toolholder market in 2021 and is anticipated to hold its share during the forecast period. Metalworking toolholder market by region is categorized into: Asia Pacific, Europe, North America, Rest of the World (RoW).

The chucks market is further segmented into collet chucks, milling chucks, tapping chucks. Among these, the collet chucks segment was accounted for the highest revenue generator in 2021. Furthermore, the holders market has been categorized into end mill holder, hydraulic holder, shrink fit holders (heat fit), side lock holder. The hydraulic holder segment captured the largest share of the market in 2021 and is expected to maintain its dominance during the forecast period.

The global metalworking toolholder market is highly competitive. As of 2021, the major players in the global metalworking toolholder market were Ceratizit S.A., Guhring Inc. , Harvey Performance Company LLC, IMC Companies , Kennametal Inc., Kyocera Corporation, Nikken Kosakusho Works Ltd., NT Tool Corporation, OSG Corporation , Sandvik AB, Schunk GmbH & Co. KG, Universal/DeVlieg Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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