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Groove Milling Tools-Global Market Insights and Sales Trends 2025
Synopsis
Groove milling is an interrupted cutting operation, so the chips typically break into manageable sizes.
The global Groove Milling Tools market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Groove Milling Tools in various end use industries. The expanding demands from the General Use and Stainless Steel Cut, are propelling Groove Milling Tools market. External Grooving, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Internal Grooving segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Groove Milling Tools market, driven by demand from China, the second largest economy with some signs of stabilising, the Groove Milling Tools market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Groove Milling Tools, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Groove Milling Tools market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Groove Milling Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Groove Milling Tools sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Groove Milling Tools covered in this report include Sandvik, Premier Form Tools, Carmex Precision Tools, VARGUS, RIME, Mircona, Tungaloy, Fanar and CeramTec, etc.
The global Groove Milling Tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Sandvik
Premier Form Tools
Carmex Precision Tools
VARGUS
RIME
Mircona
Tungaloy
Fanar
CeramTec
Seco Tools
Fraisa
Kyocera
Sumitomo
ISCAR Cutting Tools
Horn Cutting Tools
Global Groove Milling Tools market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Groove Milling Tools market, Segment by Type:
External Grooving
Internal Grooving
Global Groove Milling Tools market, by Application
General Use
Stainless Steel Cut
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Groove Milling Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Groove Milling Tools in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Groove milling is an interrupted cutting operation, so the chips typically break into manageable sizes.
The global Groove Milling Tools market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Groove Milling Tools in various end use industries. The expanding demands from the General Use and Stainless Steel Cut, are propelling Groove Milling Tools market. External Grooving, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Internal Grooving segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Groove Milling Tools market, driven by demand from China, the second largest economy with some signs of stabilising, the Groove Milling Tools market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Groove Milling Tools, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Groove Milling Tools market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Groove Milling Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Groove Milling Tools sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Groove Milling Tools covered in this report include Sandvik, Premier Form Tools, Carmex Precision Tools, VARGUS, RIME, Mircona, Tungaloy, Fanar and CeramTec, etc.
The global Groove Milling Tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Sandvik
Premier Form Tools
Carmex Precision Tools
VARGUS
RIME
Mircona
Tungaloy
Fanar
CeramTec
Seco Tools
Fraisa
Kyocera
Sumitomo
ISCAR Cutting Tools
Horn Cutting Tools
Global Groove Milling Tools market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Groove Milling Tools market, Segment by Type:
External Grooving
Internal Grooving
Global Groove Milling Tools market, by Application
General Use
Stainless Steel Cut
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Groove Milling Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Groove Milling Tools in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Groove Milling Tools Market Overview
1.1 Groove Milling Tools Product Overview
1.2 Groove Milling Tools Market Segment by Type
1.2.1 External Grooving
1.2.2 Internal Grooving
1.3 Global Groove Milling Tools Market Size by Type
1.3.1 Global Groove Milling Tools Market Size Overview by Type (2018-2029)
1.3.2 Global Groove Milling Tools Historic Market Size Review by Type (2018-2023)
1.3.3 Global Groove Milling Tools Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Groove Milling Tools Sales Breakdown by Type (2018-2023)
1.4.2 Europe Groove Milling Tools Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Groove Milling Tools Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Groove Milling Tools Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Groove Milling Tools Sales Breakdown by Type (2018-2023)
2 Global Groove Milling Tools Market Competition by Company
2.1 Global Top Players by Groove Milling Tools Sales (2018-2023)
2.2 Global Top Players by Groove Milling Tools Revenue (2018-2023)
2.3 Global Top Players by Groove Milling Tools Price (2018-2023)
2.4 Global Top Manufacturers Groove Milling Tools Manufacturing Base Distribution, Sales Area, Product Type
2.5 Groove Milling Tools Market Competitive Situation and Trends
2.5.1 Groove Milling Tools Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Groove Milling Tools Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Groove Milling Tools as of 2022)
2.7 Date of Key Manufacturers Enter into Groove Milling Tools Market
2.8 Key Manufacturers Groove Milling Tools Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Groove Milling Tools Status and Outlook by Region
3.1 Global Groove Milling Tools Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Groove Milling Tools Historic Market Size by Region
3.2.1 Global Groove Milling Tools Sales in Volume by Region (2018-2023)
3.2.2 Global Groove Milling Tools Sales in Value by Region (2018-2023)
3.2.3 Global Groove Milling Tools Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Groove Milling Tools Forecasted Market Size by Region
3.3.1 Global Groove Milling Tools Sales in Volume by Region (2024-2029)
3.3.2 Global Groove Milling Tools Sales in Value by Region (2024-2029)
3.3.3 Global Groove Milling Tools Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Groove Milling Tools by Application
4.1 Groove Milling Tools Market Segment by Application
4.1.1 General Use
4.1.2 Stainless Steel Cut
4.2 Global Groove Milling Tools Market Size by Application
4.2.1 Global Groove Milling Tools Market Size Overview by Application (2018-2029)
4.2.2 Global Groove Milling Tools Historic Market Size Review by Application (2018-2023)
4.2.3 Global Groove Milling Tools Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Groove Milling Tools Sales Breakdown by Application (2018-2023)
4.3.2 Europe Groove Milling Tools Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Groove Milling Tools Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Groove Milling Tools Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Groove Milling Tools Sales Breakdown by Application (2018-2023)
5 North America Groove Milling Tools by Country
5.1 North America Groove Milling Tools Historic Market Size by Country
5.1.1 North America Groove Milling Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Groove Milling Tools Sales in Volume by Country (2018-2023)
5.1.3 North America Groove Milling Tools Sales in Value by Country (2018-2023)
5.2 North America Groove Milling Tools Forecasted Market Size by Country
5.2.1 North America Groove Milling Tools Sales in Volume by Country (2024-2029)
5.2.2 North America Groove Milling Tools Sales in Value by Country (2024-2029)
6 Europe Groove Milling Tools by Country
6.1 Europe Groove Milling Tools Historic Market Size by Country
6.1.1 Europe Groove Milling Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Groove Milling Tools Sales in Volume by Country (2018-2023)
6.1.3 Europe Groove Milling Tools Sales in Value by Country (2018-2023)
6.2 Europe Groove Milling Tools Forecasted Market Size by Country
6.2.1 Europe Groove Milling Tools Sales in Volume by Country (2024-2029)
6.2.2 Europe Groove Milling Tools Sales in Value by Country (2024-2029)
7 Asia-Pacific Groove Milling Tools by Region
7.1 Asia-Pacific Groove Milling Tools Historic Market Size by Region
7.1.1 Asia-Pacific Groove Milling Tools Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Groove Milling Tools Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Groove Milling Tools Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Groove Milling Tools Forecasted Market Size by Region
7.2.1 Asia-Pacific Groove Milling Tools Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Groove Milling Tools Sales in Value by Region (2024-2029)
8 Latin America Groove Milling Tools by Country
8.1 Latin America Groove Milling Tools Historic Market Size by Country
8.1.1 Latin America Groove Milling Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Groove Milling Tools Sales in Volume by Country (2018-2023)
8.1.3 Latin America Groove Milling Tools Sales in Value by Country (2018-2023)
8.2 Latin America Groove Milling Tools Forecasted Market Size by Country
8.2.1 Latin America Groove Milling Tools Sales in Volume by Country (2024-2029)
8.2.2 Latin America Groove Milling Tools Sales in Value by Country (2024-2029)
9 Middle East and Africa Groove Milling Tools by Country
9.1 Middle East and Africa Groove Milling Tools Historic Market Size by Country
9.1.1 Middle East and Africa Groove Milling Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Groove Milling Tools Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Groove Milling Tools Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Groove Milling Tools Forecasted Market Size by Country
9.2.1 Middle East and Africa Groove Milling Tools Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Groove Milling Tools Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Sandvik
10.1.1 Sandvik Company Information
10.1.2 Sandvik Introduction and Business Overview
10.1.3 Sandvik Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Sandvik Groove Milling Tools Products Offered
10.1.5 Sandvik Recent Development
10.2 Premier Form Tools
10.2.1 Premier Form Tools Company Information
10.2.2 Premier Form Tools Introduction and Business Overview
10.2.3 Premier Form Tools Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Premier Form Tools Groove Milling Tools Products Offered
10.2.5 Premier Form Tools Recent Development
10.3 Carmex Precision Tools
10.3.1 Carmex Precision Tools Company Information
10.3.2 Carmex Precision Tools Introduction and Business Overview
10.3.3 Carmex Precision Tools Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Carmex Precision Tools Groove Milling Tools Products Offered
10.3.5 Carmex Precision Tools Recent Development
10.4 VARGUS
10.4.1 VARGUS Company Information
10.4.2 VARGUS Introduction and Business Overview
10.4.3 VARGUS Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.4.4 VARGUS Groove Milling Tools Products Offered
10.4.5 VARGUS Recent Development
10.5 RIME
10.5.1 RIME Company Information
10.5.2 RIME Introduction and Business Overview
10.5.3 RIME Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.5.4 RIME Groove Milling Tools Products Offered
10.5.5 RIME Recent Development
10.6 Mircona
10.6.1 Mircona Company Information
10.6.2 Mircona Introduction and Business Overview
10.6.3 Mircona Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Mircona Groove Milling Tools Products Offered
10.6.5 Mircona Recent Development
10.7 Tungaloy
10.7.1 Tungaloy Company Information
10.7.2 Tungaloy Introduction and Business Overview
10.7.3 Tungaloy Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Tungaloy Groove Milling Tools Products Offered
10.7.5 Tungaloy Recent Development
10.8 Fanar
10.8.1 Fanar Company Information
10.8.2 Fanar Introduction and Business Overview
10.8.3 Fanar Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Fanar Groove Milling Tools Products Offered
10.8.5 Fanar Recent Development
10.9 CeramTec
10.9.1 CeramTec Company Information
10.9.2 CeramTec Introduction and Business Overview
10.9.3 CeramTec Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.9.4 CeramTec Groove Milling Tools Products Offered
10.9.5 CeramTec Recent Development
10.10 Seco Tools
10.10.1 Seco Tools Company Information
10.10.2 Seco Tools Introduction and Business Overview
10.10.3 Seco Tools Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Seco Tools Groove Milling Tools Products Offered
10.10.5 Seco Tools Recent Development
10.11 Fraisa
10.11.1 Fraisa Company Information
10.11.2 Fraisa Introduction and Business Overview
10.11.3 Fraisa Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Fraisa Groove Milling Tools Products Offered
10.11.5 Fraisa Recent Development
10.12 Kyocera
10.12.1 Kyocera Company Information
10.12.2 Kyocera Introduction and Business Overview
10.12.3 Kyocera Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Kyocera Groove Milling Tools Products Offered
10.12.5 Kyocera Recent Development
10.13 Sumitomo
10.13.1 Sumitomo Company Information
10.13.2 Sumitomo Introduction and Business Overview
10.13.3 Sumitomo Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Sumitomo Groove Milling Tools Products Offered
10.13.5 Sumitomo Recent Development
10.14 ISCAR Cutting Tools
10.14.1 ISCAR Cutting Tools Company Information
10.14.2 ISCAR Cutting Tools Introduction and Business Overview
10.14.3 ISCAR Cutting Tools Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.14.4 ISCAR Cutting Tools Groove Milling Tools Products Offered
10.14.5 ISCAR Cutting Tools Recent Development
10.15 Horn Cutting Tools
10.15.1 Horn Cutting Tools Company Information
10.15.2 Horn Cutting Tools Introduction and Business Overview
10.15.3 Horn Cutting Tools Groove Milling Tools Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Horn Cutting Tools Groove Milling Tools Products Offered
10.15.5 Horn Cutting Tools Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Groove Milling Tools Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Groove Milling Tools Industrial Chain Analysis
11.4 Groove Milling Tools Market Dynamics
11.4.1 Groove Milling Tools Industry Trends
11.4.2 Groove Milling Tools Market Drivers
11.4.3 Groove Milling Tools Market Challenges
11.4.4 Groove Milling Tools Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Groove Milling Tools Distributors
12.3 Groove Milling Tools Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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