Europe Cutting Tools Market

Europe 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

Europe Cutting Tools Market

Europe 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


The report classifies the business vertical into various segments based on components, voltage, end-user scope, and regional division. A thorough analysis of each segment with respect to their market share, growth rate, and revenue contribution forms a major part of the study.

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Europe cutting tools market was valued at $6.85 billion in 2023 and will grow by 4.6% annually over 2023-2033. 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 74 tables and 48 figures, this 148-page report “Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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:

• Germany

• UK

• France

• Spain

• Italy

• Netherlands

• Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

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.)

1.1 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe Market by Distribution Channel 100

9.1 Market Overview by Distribution Channel 100

9.2 Offline Sales 104

9.3 Online Sales 105

10 European Market 2023-2033 by Country 106

10.1 Overview of European Market 106

10.2 Germany 109

10.3 U.K. 111

10.4 France 113

10.5 Spain 115

10.6 Italy 117

10.7 Netherlands 119

10.8 Rest of European Market 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

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Europe Cutting Tools Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the Europe Cutting Tools Market shifting its focus from growth to value?
Recognize the areas along the Europe Cutting Tools Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
How big is the Europe Cutting Tools Market by 2030?
It is expected that the Europe Cutting Tools Market will reach USD XX million by 2030.
What are the underlying opportunities in the Europe Cutting Tools Market?
The influx of capital into the Europe Cutting Tools Market, as well as the deployment of technologies designed to increase efficiency and yield high volume, are paving the way for promising market opportunities.
What makes the latest Europe Cutting Tools Market study unique?
The latest version of the Europe Cutting Tools Market study includes a market size breakdown by relevant business segments, applications, and geography, as well as qualitative insights such as Patent Analysis*, Market Entropy, Key Development Activities, Market Dynamics, PEST and PORTER models, and more.