Cutting Tools Sector in India
The Indian cutting tools industry produces a wide variety of cutting tools such as drills, taps, end mills, reamers, cutters, chasers, rolling dies, saw blades, burrs, hobs, broaches, other gear cutting tools, tool bits, tips/inserts and so on. Broadly, the industry can be grouped HSS (High Speed Steel) cutting tool manufacturers and Carbide cutting tool manufacturers. The domestic cutting tools sector has expanded rapidly over the last two decades owing to strong growth posted by the automotive, heavy and light engineering sectors. Growth in the country’s power generating capacity, railways network and defence production have also acted as key demand drivers for cutting tools. Over the decades, carbide cutting tools have made sharp inroads into the HSS cutting tools’ markets; however, thanks to the overall growth of the engineering sector, the HSS cutting tools sector has also expanded. While bulk of the requirements of HSS and carbide tools are met through domestic production, some imports continue to take place.
The market for HSS and carbide cutting tools in India was valued around INR 15.6 billion in 2012-13. Th automotive segment (Auto OEMs and auto ancillaries) is the major user segment of cutting tools.
Source: MCG Research
Major manufacturers of HSS cutting tools include Addison & Co., BIPICO Industries, CMH Tools, Emkay Tools, Forbes & Company, Hittco Tools, Indian Tool Manufacturers, Jainex Aamcol, JK Files (India), Miranda Tools, Mitsubishi Heavy Industries India, Motherson Techno Tools and YG-1 Industries India. Some of the leading manufacturers of carbide cutting tools are Guhring India, Kennametal India, Sandvik Asia, Seco Tools and Taegutec India
Sir,
I am planing to trading in cutting tools industry, so i am on my R&D process, i read your blog and it is very informative for me. i want to know what is the future of this industry as lager printing is also coming to be the part of automotive industry?
Dear Anil
We have undertaken detailed research on the cutting tools industry in India. Please mail us your requirement to admin@mcg.in so that we can review the same and respond appropriately.
Thaks
Admin
Hello,
Have read your “Cutting Tools Sector in India” and it seems to be informative.
I request if you could kindly share detailed study on tooling industry specific to cutting tools.
Dear Mr. Awaghade
Thank you taking time to read our blog and send in your comments.
We have undertaken detailed studies on the Cutting Tools sector in India and maintain an updated database of the developments in the industry. Please let us know the specific details of your requirement so that we can review the same and present our offer.
regards
Team MCG
Firstly thank you for your response:):)
A newly established cutting tool company in India. There inserts are in to, all kind of machining operation like Turning, Milling, Drilling e.t.c
I would like to know how is the Requirement of the cutting tool in India.
Kindly shear data base of Cutting tool market in Indian industry ( past, present, future )
Dear Darshan
Please mail us your contact particulars to admin@mcg.in and we will connect with you to understand your specific requirements.
Regards
Admin
Dear sir,
I am planing to join a new cutting tool company which is new in India, As i am in marketing filed, how is the percent market condition ? for newly established cutting tool company.
plz give me your valuable feed back
Sir,
Pl. provide me information on the following
Total market size of High speed cutting tool steel in India
How many players are there in the market
Their market share
price of HSS/kg for different grades
Dear Mr. Kumar
Thank you for taking time to read our blog.
The blog is based our updated database of information on the cutting tools industry and is meant to provide a flavor of the industry dynamics. We are happy to talk to you regarding your specific requirement details so that we can present our approach.
regards
Team MCG
I want your study reports on market size for HSS & carbide tools including trends and major buying patterns of the main players including that from overseas sources. I am also looking forward to reports on the impact of the Chinese HSS raw materials on the Indian industry.
Dear Mr. Chatterjee
Thank you for taking time to read and comment on our blog!
MCG has undertaken detailed research on Cutting Tools industry in India covering HSS and carbide cutting tools. Further, we have also undertaken detailed research and analysis on the market for Hobs and broaches in India.
We will get in touch with you directly to understand your requirement relating to the cutting tools market in India
Regards
Admin
Request you kindly provide more details about cutting tools
Dear Mr. Ragu
Thank you for writing to us.
We have undertaken detailed market research studies covering the cutting tools markets in India including trends in HSS and carbide cutting tools. We have also undertaken detailed assessment of the hobs and broaches markets.
We will get in touch with you to understand your specific requirement so that we can present the relevant details.
Best regards
Admin