North America to Dominate Global Metal Cutting Tools Market through 2024
Technological advancements
and growing automotive industry to bolster global metal cutting tools market
growth through 2024
According to a report published by
TechSci Research on “Global Metal
Cutting Tools Market By Material, By Process, By End-Use, By Region,
Competition, Forecast & Opportunities, 2024”, global metal cutting tools market is
predicted to grow at a CAGR of over 8.8% during 2019-2024, on the back of the
growing automotive industry. Growth in the production of light vehicles is
creating an additional demand for new welded automotive components, which in
turn, is expected to fuel demand for metal cutting tools as well. Moreover,
advancements in technology have also positively impacted the global market for
metal cutting tools. The laser-based cutting machines will have a significant
impact of the growth of the market for metal cutting tools.
Browse 3 market data Tables and 123 Figures
spread through 110 Pages and an in-depth TOC on " Global Metal Cutting Tools Market "
https://www.techsciresearch.com/report/metal-cutting-tools-market/3990.html
In terms of end-use, global metal cutting tools market is
categorized into automotive, aerospace & defense, energy, and others. Among
these, automotive category accounted for a significant share of global market
for metal cutting tools in 2018. The growth of automotive category is majorly
attributable to growing usage of metal cutting tools in automotive industry and
increasing demand for passenger vehicles.
On the basis of regions, global
metal cutting tools market is categorized into Asia-Pacific, North America,
Europe, Middle East & Africa and South America. North America dominates the
market due to growth in automotive and aerospace industries in the region. In
addition, rising focus of countries in the region on defense budgets, is
further expected to boost North America metal cutting tools market.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3990
Customers
can also request for 10% free customization on this report.
“Global metal cutting tools market is
expected to grow at a decent pace over the course of next five years. The
growth in the market is led by growing demand for additive manufacturing. In
addition, rapid industrialization and expansion of manufacturing industries in
developing nations like India and China are leading to a greater need for tools
and equipment, which is anticipated to positively influence global metal
cutting tool market in the coming years.” said, Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Metal Cutting Tools Market By Material,
By Process, By End-Use, By Region, Competition, Forecast & Opportunities,
2024” has evaluated the
future growth potential of the global metal cutting tools market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global metal cutting tools market.
About
TechSci Research
TechSci Research is a leading global
market research firm publishing premium market research reports. Serving 700
global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research-based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr.
Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]