Grooving tools are suitable for precise grooving and cutting of the workpieces.And they are usually ground to the dimensions and shape required for a particular job. Most grooving tools are similar in appearance to the cutoff tool, except that the corners are carefully rounded because they reduce the possibility of cracks in the part, especially if the part is to be heat-treated.
This report contains market size and forecasts of Grooving Tools in global, including the following market information:
Global Grooving Tools Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Grooving Tools Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Grooving Tools companies in 2021 (%)
The global Grooving Tools 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.
Internal Grooving Tools Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Grooving Tools include Guhring KG, WALTER, Worldia Diamond Tools, CeramTec, Echaintool Industry, EHWA Diamond, ISCAR Tools, KANEFUSA and Kennametal, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Grooving Tools 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 Grooving Tools Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Grooving Tools Market Segment Percentages, by Type, 2021 (%)
Internal Grooving Tools
External Grooving Tools
Global Grooving Tools Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Grooving Tools Market Segment Percentages, by Application, 2021 (%)
Metal Materials
Nonmetal Work Pieces
Global Grooving Tools Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Grooving Tools 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 Grooving Tools revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Grooving Tools revenues share in global market, 2021 (%)
Key companies Grooving Tools sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Grooving Tools sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Guhring KG
WALTER
Worldia Diamond Tools
CeramTec
Echaintool Industry
EHWA Diamond
ISCAR Tools
KANEFUSA
Kennametal
Leitz GmbH
MARMOELETTROMECCANICA
Mitsubishi Carbide
Paul Horn
REMS
Sandvik Coromant
TUNGALOY
URGELES DIAMANT
Vargus
Widia