Technavio has been monitoring the boring tools market and it is poised to grow by $ 973.24 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Boring Tools Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allied Machine & Engineering Corp., Berkshire Hathaway Inc., BIG KAISER Precision Tooling Inc. , Cogsdill-Nuneaton Ltd., Kennametal Inc., KOMET Deutschland GmbH, Mitsubishi Materials Corp., NACHI-FUJIKOSHI Corp., OSG Corp., and Sandvik AB are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Emergence of CNC-based boring tools has been instrumental in driving the growth of the market. However, rise in popularity of electrical discharge and electrochemical machining might hamper market growth.
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Boring Tools Market 2020-2024: Segmentation
Boring Tools Market is segmented as below:
Boring Tools Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The boring tools market report covers the following areas:
Boring Tools Market Size
Boring Tools Market Trends
Boring Tools Market Industry Analysis
This study identifies growth of metal cutting tools in India as one of the prime reasons driving the boring tools market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Boring Tools Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist boring tools market growth during the next five years
Estimation of the boring tools market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the boring tools market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of boring tools market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by End user
Transportation - Market size and forecast 2019-2024
General machinery - Market size and forecast 2019-2024
Precision engineering - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End user
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Allied Machine & Engineering Corp.
Berkshire Hathaway Inc.
BIG KAISER Precision Tooling Inc.
KOMET Deutschland GmbH
Mitsubishi Materials Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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