External Turning Tools Market Report 2025 (Global Edition)

Global External Turning Tools Market Report 2025 Market Size Split by Type Outlook: (Parting Off, Grooving, Threading, End Milling, Drilling), by Application Outlook: (Automotive, Construction), by Di...

External Turning Tools Market Report Description

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Competitive Landscape of the External Turning Tools Market

The external turning tools market is highly competitive, with key players focusing on innovation, offering advanced cutting tools with improved durability, wear resistance, and precision. Competitive strategies include product diversification, mergers and acquisitions, and expanding their presence in emerging markets. Additionally, the adoption of automation and digital solutions in manufacturing is shaping market dynamics, with companies striving to develop tools compatible with modern CNC machinery to meet the increasing demand for high-precision and efficient machining.

Top Companies Market Share in External Turning Tools Industry: (In no particular order of Rank)

• Sandvik
• Mitsubishi Materials
• WhizCut
• Ingersoll Cutting Tool
• KOMET
• KYOCERA
• Kennametal
• Winstar Cutting
• Widia
• IZAR CUTTING TOOLS
• Arno
• Sumitomo Electric
• Swiss Tool Systems
• ISCAR
• Seco Tools
• Shan Gin Cutting Tools
• Palbit
• Ceratizit
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the External Turning Tools Market

Which Region Dominates the External Turning Tools Market in 2024?

According to Cognitive Market Research, North America currently dominates the External Turning Tools market, and the region is expected to have significant growth during the projected period. This is due to its strong manufacturing base, particularly in the automotive, aerospace, and machinery sectors.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Countries like China, India, and Japan are increasing their demand for high-precision tools to support growing production needs, infrastructure development, and technological advancements in machining.

The current report Scope analyzes External Turning Tools Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America External Turning Tools Market Analysis

According to Cognitive Market Research, the global External Turning Tools market size was estimated at USD 6142.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2457.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the External Turning Tools market with a market size of USD 1938.57 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period due to the technological advancements in turning tools.
• The Canada External Turning Tools market had a market share of USD 294.84 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period due to the Rising investments in industrial manufacturing and infrastructure projects.
• The Mexico External Turning Tools market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 223.59 million in 2024.

Europe External Turning Tools Market Analysis

According to Cognitive Market Research, the global External Turning Tools market size was estimated at USD 6142.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1842.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom External Turning Tools market had a market share of USD 309.58 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, External Turning Tools sales witness an upswing due to the growing adoption of CNC machines.
• The France External Turning Tools market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 169.53 million in 2024.
• According to Cognitive Market Research, the German External Turning Tools market size was valued at USD 364.86 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, External Turning Tools surged due to the expansion of the automotive and aerospace sectors.
• The Italy External Turning Tools market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 158.48 million in 2024.
• The Russia External Turning Tools market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 285.63 million in 2024.
• The Spain External Turning Tools market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 151.11 million in 2024
• The Luxembourg External Turning Tools market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 57.13 million in 2024.
• The Portugal External Turning Tools market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 38.70 million in 2024.
• The Greece External Turning Tools market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 22.11 million in 2024.
• The Rest of Europe's External Turning Tools market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 285.63 million in 2024.

Asia Pacific External Turning Tools Market Analysis

According to Cognitive Market Research, the global External Turning Tools market size was estimated at USD 6142.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1412.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China External Turning Tools market size was valued at USD 635.75 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. External Turning Tools surged in China due to Increased focus on the growing adoption of CNC machining and advanced metalworking technologies.
• The Japan External Turning Tools market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 194.96 million in 2024.
• The India External Turning Tools market had a market share of USD 169.53 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period due to the increasing investments in infrastructure and automotive industries .
• The South Korean External Turning Tools market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 141.28 million in 2024.
• The Australian External Turning Tools market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 73.46 million in 2024.
• The South East Asia External Turning Tools market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 97.48 million in 2024.
• The Rest of Asia Pacific External Turning Tools market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 100.31 million in 2024.

South America External Turning Tools Market Analysis

According to Cognitive Market Research, the global External Turning Tools market size was estimated at USD 6142.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 307.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil External Turning Tools market size was valued at USD 131.45 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. External Turning Tools flourished in Brazil due to the increasing adoption of advanced machining technologies.
• Argentina's External Turning Tools market had a market share of USD 51.60 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period due to the growth in infrastructure and construction .
• Colombia External Turning Tools market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 27.33 million in 2024.
• Peru External Turning Tools market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 25.18 million in 2024.
• Chile's External Turning Tools market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 22.11 million in 2024.
• The Rest of Latin America's External Turning Tools market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 49.45 million in 2024.

Middle East External Turning Tools Market Analysis

According to Cognitive Market Research, the global External Turning Tools market size was estimated at USD 6142.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 122.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries External Turning Tools market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 52.58 million in 2024. External Turning Tools sales flourish due to the increasing infrastructure development projects.
• The Egypt External Turning Tools market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 12.90 million in 2024.
• The South Africa External Turning Tools market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 19.41 million in 2024. External Turning Tools sales flourished in South Africa due to the rising adoption of advanced manufacturing technologies and automation.
• The Turkey External Turning Tools market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 10.57 million in 2024.
• The Nigeria External Turning Tools market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 12.90 million in 2024.
• The Rest of the MEA External Turning Tools market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 14.50 million in 2024.

External Turning Tools Market Analysis

How are Segments Performing in the Global External Turning Tools Market?

External Turning Tools Market Type Segment Analysis

According to Cognitive Market Research, grooving external turning tools are likely to dominate the External Turning Tools Market over the forecast period due to their essential role in creating grooves, slots, and intricate profiles in machining operations. These tools offer high precision and are widely used in industries like automotive and aerospace for producing complex components. Their versatility and efficiency drive strong demand in precision machining.

The end-milling tools are the fastest-growing segment in the External Turning Tools Market due to their versatility in machining complex geometries, improved precision, and higher material removal rates. Their ability to handle diverse materials, including hard metals, along with advancements in coating and tool design, boosts their demand in various industries.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of External Turning Tools Industry. Request a Free Sample PDF!

External Turning Tools Market Application Segment Analysis

According to Cognitive Market Research, the automotive segment holds the largest share of the market due to its high demand for precision components such as engine parts, shafts, and gears. The need for efficient, high-precision machining in automotive manufacturing drives the continuous use of external turning tools, particularly in mass production and advanced manufacturing processes.

In the External Turning Tools Market, the construction sector has been expanding at a rapid pace due to increased demand for heavy machinery, infrastructure projects, and precision-engineered components. As construction projects become more complex, the need for high-performance turning tools to manufacture durable, precise parts for equipment and structures accelerates market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

External Turning Tools Distribution Channel Outlook: Segment Analysis

External Turning Tools Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the offline segment holds the largest market share due to traditional manufacturing practices, where tools are purchased through physical stores or direct sales channels. This method allows for hands-on selection, immediate product availability, and personalized customer service, which are preferred by many manufacturers, especially in regions with limited internet access.

In the External Turning Tools market, the rapidly growing sector is the online category due to the convenience of online purchasing, wider product selection, and competitive pricing. E-commerce platforms allow manufacturers and consumers to easily access a range of tools, compare prices, and enjoy quick delivery, driving market growth.

• Online
• Offline

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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Profile

I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

Author's Conclusion