Cutting tool and machine tool accessory manufacturing industry includes establishments manufacturing accessories and attachments for metal cutting and metal forming machine tools . Industry products include blade cutters, small knives and drilling bits, as well as clampers, holders and tapering attachments. Machine shops, automotive manufacturers and heavy equipment manufacturers use these cutting and machine tools and their accessories.
The global cutting tool and machine tool accessory manufacturing market was valued at $32.24 billion in 2017. Asia Pacific was the largest geographic region accounting for $16.82 billion or 51.90% of the global market. And China was the largest country accounting for $7.36 billion or 22.71% of the global cutting tool and machine tool accessory manufacturing market.
3D laser processing machines are gaining popularity as they reduce processing time for cutting and welding applications. 3D laser is a 5-axle laser machine which cuts sheet-metal components in three dimensions. Cutting tool and machine tool accessory manufacturers are producing 3D laser processing machines which are typically used in automotive and aerospace industry for cutting or welding of aluminum parts, drilling of engine parts, and laser surfacing of used parts.
Companies Covered: Doosan Machine Tools, Allied Machine & Engineering, Sandvik, Amada Co Ltd., Kennametal Inc.
Market Segments Included: Metalworking Knives And Bits; Measuring Attachments; Metalworking Drill Bits; Machine Tool Taps And Dies
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