A tool bit is a non-rotary cutting tool used in metal lathes, shapers, and planers. Such cutters are also often referred to by the set-phrase name of single-point cutting tool, as distinguished from other cutting tools such as a saw or water jet cutter. The cutting edge is ground to suit a particular machining operation and may be resharpened or reshaped as needed. The ground tool bit is held rigidly by a tool holder while it is cutting.
This report contains market size and forecasts of Tool Bits in global, including the following market information:
Global Tool Bits Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Tool Bits Market Sales, 2017-2022, 2023-2028, (统计单位)
Global top five Tool Bits companies in 2021 (%)
The global Tool Bits market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Steels Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Tool Bits include Topeak, SC Manufacturing Texas LLC, CS Unitec, Inc, Miranda Tools, Sherline, JAWCO Tools, Alok Tools, Bosch and Dress Tools, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Tool Bits manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Tool Bits Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (统计单位)
Global Tool Bits Market Segment Percentages, by Type, 2021 (%)
Steels
Carbides
Ceramics
Global Tool Bits Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (统计单位)
Global Tool Bits Market Segment Percentages, by Application, 2021 (%)
Polishing
Drilling
Cutting
Others
Global Tool Bits Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (统计单位)
Global Tool Bits Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Tool Bits revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Tool Bits revenues share in global market, 2021 (%)
Key companies Tool Bits sales in global market, 2017-2022 (Estimated), (统计单位)
Key companies Tool Bits sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Topeak
SC Manufacturing Texas LLC
CS Unitec, Inc
Miranda Tools
Sherline
JAWCO Tools
Alok Tools
Bosch
Dress Tools
DWT PIPE TOOLS
NAP GLADU