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Grooving Tools-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Grooving 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 Grooving Tools in various end use industries. The expanding demands from the Metal Materials and Nonmetal Work Pieces, are propelling Grooving Tools market. Internal Grooving Tools, 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 External Grooving Tools segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Grooving Tools market, driven by demand from China, the second largest economy with some signs of stabilising, the Grooving 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 Grooving 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 Grooving 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 Grooving Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Grooving 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 Grooving Tools covered in this report include Guhring KG, WALTER, Worldia Diamond Tools, CeramTec, Echaintool Industry, EHWA Diamond, ISCAR Tools, KANEFUSA and Kennametal, etc.
The global Grooving 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:
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
Global Grooving 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 Grooving Tools market, Segment by Type:
Internal Grooving Tools
External Grooving Tools
Global Grooving Tools market, by Application
Metal Materials
Nonmetal Work Pieces
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 Grooving Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Grooving 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.
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.
The global Grooving 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 Grooving Tools in various end use industries. The expanding demands from the Metal Materials and Nonmetal Work Pieces, are propelling Grooving Tools market. Internal Grooving Tools, 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 External Grooving Tools segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Grooving Tools market, driven by demand from China, the second largest economy with some signs of stabilising, the Grooving 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 Grooving 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 Grooving 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 Grooving Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Grooving 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 Grooving Tools covered in this report include Guhring KG, WALTER, Worldia Diamond Tools, CeramTec, Echaintool Industry, EHWA Diamond, ISCAR Tools, KANEFUSA and Kennametal, etc.
The global Grooving 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:
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
Global Grooving 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 Grooving Tools market, Segment by Type:
Internal Grooving Tools
External Grooving Tools
Global Grooving Tools market, by Application
Metal Materials
Nonmetal Work Pieces
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 Grooving Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Grooving 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 Grooving Tools Market Overview
1.1 Grooving Tools Product Overview
1.2 Grooving Tools Market Segment by Type
1.2.1 Internal Grooving Tools
1.2.2 External Grooving Tools
1.3 Global Grooving Tools Market Size by Type
1.3.1 Global Grooving Tools Market Size Overview by Type (2018-2029)
1.3.2 Global Grooving Tools Historic Market Size Review by Type (2018-2023)
1.3.3 Global Grooving Tools Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Grooving Tools Sales Breakdown by Type (2018-2023)
1.4.2 Europe Grooving Tools Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Grooving Tools Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Grooving Tools Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Grooving Tools Sales Breakdown by Type (2018-2023)
2 Global Grooving Tools Market Competition by Company
2.1 Global Top Players by Grooving Tools Sales (2018-2023)
2.2 Global Top Players by Grooving Tools Revenue (2018-2023)
2.3 Global Top Players by Grooving Tools Price (2018-2023)
2.4 Global Top Manufacturers Grooving Tools Manufacturing Base Distribution, Sales Area, Product Type
2.5 Grooving Tools Market Competitive Situation and Trends
2.5.1 Grooving Tools Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Grooving 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 Grooving Tools as of 2022)
2.7 Date of Key Manufacturers Enter into Grooving Tools Market
2.8 Key Manufacturers Grooving Tools Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Grooving Tools Status and Outlook by Region
3.1 Global Grooving Tools Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Grooving Tools Historic Market Size by Region
3.2.1 Global Grooving Tools Sales in Volume by Region (2018-2023)
3.2.2 Global Grooving Tools Sales in Value by Region (2018-2023)
3.2.3 Global Grooving Tools Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Grooving Tools Forecasted Market Size by Region
3.3.1 Global Grooving Tools Sales in Volume by Region (2024-2029)
3.3.2 Global Grooving Tools Sales in Value by Region (2024-2029)
3.3.3 Global Grooving Tools Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Grooving Tools by Application
4.1 Grooving Tools Market Segment by Application
4.1.1 Metal Materials
4.1.2 Nonmetal Work Pieces
4.2 Global Grooving Tools Market Size by Application
4.2.1 Global Grooving Tools Market Size Overview by Application (2018-2029)
4.2.2 Global Grooving Tools Historic Market Size Review by Application (2018-2023)
4.2.3 Global Grooving Tools Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Grooving Tools Sales Breakdown by Application (2018-2023)
4.3.2 Europe Grooving Tools Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Grooving Tools Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Grooving Tools Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Grooving Tools Sales Breakdown by Application (2018-2023)
5 North America Grooving Tools by Country
5.1 North America Grooving Tools Historic Market Size by Country
5.1.1 North America Grooving Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Grooving Tools Sales in Volume by Country (2018-2023)
5.1.3 North America Grooving Tools Sales in Value by Country (2018-2023)
5.2 North America Grooving Tools Forecasted Market Size by Country
5.2.1 North America Grooving Tools Sales in Volume by Country (2024-2029)
5.2.2 North America Grooving Tools Sales in Value by Country (2024-2029)
6 Europe Grooving Tools by Country
6.1 Europe Grooving Tools Historic Market Size by Country
6.1.1 Europe Grooving Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Grooving Tools Sales in Volume by Country (2018-2023)
6.1.3 Europe Grooving Tools Sales in Value by Country (2018-2023)
6.2 Europe Grooving Tools Forecasted Market Size by Country
6.2.1 Europe Grooving Tools Sales in Volume by Country (2024-2029)
6.2.2 Europe Grooving Tools Sales in Value by Country (2024-2029)
7 Asia-Pacific Grooving Tools by Region
7.1 Asia-Pacific Grooving Tools Historic Market Size by Region
7.1.1 Asia-Pacific Grooving Tools Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Grooving Tools Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Grooving Tools Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Grooving Tools Forecasted Market Size by Region
7.2.1 Asia-Pacific Grooving Tools Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Grooving Tools Sales in Value by Region (2024-2029)
8 Latin America Grooving Tools by Country
8.1 Latin America Grooving Tools Historic Market Size by Country
8.1.1 Latin America Grooving Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Grooving Tools Sales in Volume by Country (2018-2023)
8.1.3 Latin America Grooving Tools Sales in Value by Country (2018-2023)
8.2 Latin America Grooving Tools Forecasted Market Size by Country
8.2.1 Latin America Grooving Tools Sales in Volume by Country (2024-2029)
8.2.2 Latin America Grooving Tools Sales in Value by Country (2024-2029)
9 Middle East and Africa Grooving Tools by Country
9.1 Middle East and Africa Grooving Tools Historic Market Size by Country
9.1.1 Middle East and Africa Grooving Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Grooving Tools Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Grooving Tools Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Grooving Tools Forecasted Market Size by Country
9.2.1 Middle East and Africa Grooving Tools Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Grooving Tools Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Guhring KG
10.1.1 Guhring KG Company Information
10.1.2 Guhring KG Introduction and Business Overview
10.1.3 Guhring KG Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Guhring KG Grooving Tools Products Offered
10.1.5 Guhring KG Recent Development
10.2 WALTER
10.2.1 WALTER Company Information
10.2.2 WALTER Introduction and Business Overview
10.2.3 WALTER Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.2.4 WALTER Grooving Tools Products Offered
10.2.5 WALTER Recent Development
10.3 Worldia Diamond Tools
10.3.1 Worldia Diamond Tools Company Information
10.3.2 Worldia Diamond Tools Introduction and Business Overview
10.3.3 Worldia Diamond Tools Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Worldia Diamond Tools Grooving Tools Products Offered
10.3.5 Worldia Diamond Tools Recent Development
10.4 CeramTec
10.4.1 CeramTec Company Information
10.4.2 CeramTec Introduction and Business Overview
10.4.3 CeramTec Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.4.4 CeramTec Grooving Tools Products Offered
10.4.5 CeramTec Recent Development
10.5 Echaintool Industry
10.5.1 Echaintool Industry Company Information
10.5.2 Echaintool Industry Introduction and Business Overview
10.5.3 Echaintool Industry Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Echaintool Industry Grooving Tools Products Offered
10.5.5 Echaintool Industry Recent Development
10.6 EHWA Diamond
10.6.1 EHWA Diamond Company Information
10.6.2 EHWA Diamond Introduction and Business Overview
10.6.3 EHWA Diamond Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.6.4 EHWA Diamond Grooving Tools Products Offered
10.6.5 EHWA Diamond Recent Development
10.7 ISCAR Tools
10.7.1 ISCAR Tools Company Information
10.7.2 ISCAR Tools Introduction and Business Overview
10.7.3 ISCAR Tools Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.7.4 ISCAR Tools Grooving Tools Products Offered
10.7.5 ISCAR Tools Recent Development
10.8 KANEFUSA
10.8.1 KANEFUSA Company Information
10.8.2 KANEFUSA Introduction and Business Overview
10.8.3 KANEFUSA Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.8.4 KANEFUSA Grooving Tools Products Offered
10.8.5 KANEFUSA Recent Development
10.9 Kennametal
10.9.1 Kennametal Company Information
10.9.2 Kennametal Introduction and Business Overview
10.9.3 Kennametal Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Kennametal Grooving Tools Products Offered
10.9.5 Kennametal Recent Development
10.10 Leitz GmbH
10.10.1 Leitz GmbH Company Information
10.10.2 Leitz GmbH Introduction and Business Overview
10.10.3 Leitz GmbH Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Leitz GmbH Grooving Tools Products Offered
10.10.5 Leitz GmbH Recent Development
10.11 MARMOELETTROMECCANICA
10.11.1 MARMOELETTROMECCANICA Company Information
10.11.2 MARMOELETTROMECCANICA Introduction and Business Overview
10.11.3 MARMOELETTROMECCANICA Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.11.4 MARMOELETTROMECCANICA Grooving Tools Products Offered
10.11.5 MARMOELETTROMECCANICA Recent Development
10.12 Mitsubishi Carbide
10.12.1 Mitsubishi Carbide Company Information
10.12.2 Mitsubishi Carbide Introduction and Business Overview
10.12.3 Mitsubishi Carbide Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Mitsubishi Carbide Grooving Tools Products Offered
10.12.5 Mitsubishi Carbide Recent Development
10.13 Paul Horn
10.13.1 Paul Horn Company Information
10.13.2 Paul Horn Introduction and Business Overview
10.13.3 Paul Horn Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Paul Horn Grooving Tools Products Offered
10.13.5 Paul Horn Recent Development
10.14 REMS
10.14.1 REMS Company Information
10.14.2 REMS Introduction and Business Overview
10.14.3 REMS Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.14.4 REMS Grooving Tools Products Offered
10.14.5 REMS Recent Development
10.15 Sandvik Coromant
10.15.1 Sandvik Coromant Company Information
10.15.2 Sandvik Coromant Introduction and Business Overview
10.15.3 Sandvik Coromant Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Sandvik Coromant Grooving Tools Products Offered
10.15.5 Sandvik Coromant Recent Development
10.16 TUNGALOY
10.16.1 TUNGALOY Company Information
10.16.2 TUNGALOY Introduction and Business Overview
10.16.3 TUNGALOY Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.16.4 TUNGALOY Grooving Tools Products Offered
10.16.5 TUNGALOY Recent Development
10.17 URGELES DIAMANT
10.17.1 URGELES DIAMANT Company Information
10.17.2 URGELES DIAMANT Introduction and Business Overview
10.17.3 URGELES DIAMANT Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.17.4 URGELES DIAMANT Grooving Tools Products Offered
10.17.5 URGELES DIAMANT Recent Development
10.18 Vargus
10.18.1 Vargus Company Information
10.18.2 Vargus Introduction and Business Overview
10.18.3 Vargus Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Vargus Grooving Tools Products Offered
10.18.5 Vargus Recent Development
10.19 Widia
10.19.1 Widia Company Information
10.19.2 Widia Introduction and Business Overview
10.19.3 Widia Grooving Tools Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Widia Grooving Tools Products Offered
10.19.5 Widia Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Grooving 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 Grooving Tools Industrial Chain Analysis
11.4 Grooving Tools Market Dynamics
11.4.1 Grooving Tools Industry Trends
11.4.2 Grooving Tools Market Drivers
11.4.3 Grooving Tools Market Challenges
11.4.4 Grooving Tools Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Grooving Tools Distributors
12.3 Grooving 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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