Electronics Cutting Tools Market Report

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Electronics Cutting Tools Market

• The annual demand for electronics cutting tools was USD 780.0 million in 2024 and is expected to reach USD 859.0 million in 2025, up 10.1% than the value in 2024.
• During the forecast period (2025 to 2030), the electronics cutting tools market is expected to grow at a CAGR of 4.6%. The annual demand will reach of USD 1078.2 million in 2030.
• During 2025-2030, the electronics cutting tools industry is expected to generate a cumulative sales opportunity of USD 5814.80 million.

High-Growth Market Segments:

• Asia-Pacific is expected to maintain its market dominance as well as exhibit the fastest growth in the next five years. 
• By Application type, Semiconductors remain the dominant application. Water main pipes are likely to be the fastest-growing application by 2030.
• By Material type, Cemented Carbide is to remain the dominant and fastest-growing method in the market during the forecast period.
• By Product type, Round Tools are likely to maintain their lead in the market by 2030.
• By Machine type, Milling Machines are expected to be the dominant as well as the fastest-growing machine, during the forecast period.

Market Statistics

Have a look at the sales opportunities presented by the electronics cutting tools market in terms of growth and market forecast.

Market Dynamics

Introduction:

What are electronics cutting tools?

Electronics cutting tools are specialized tools that are used in the electronics industry for precision cutting, shaping, and machining of various materials, including metals, composites, and alloys used in electronic components. These tools are instrumental in creating precise and intricate cuts on components, such as semiconductors, printed circuit boards (PCBs), and other substrates essential in the fabrication of electronic products.

These cutting tools come in various forms, including blades, drills, end mills, and specialized machinery equipped with cutting implements. They are engineered to meet the stringent demands of the electronics industry, which often require micro-scale precision, tight tolerances, and high-quality surface finishes for the production of electronic components and devices.

Segment Analysis

By Application Type

"The semiconductor segment accounted for the largest market share."

• Based on the application type, the market is classified into semiconductor, printed circuit board (PCB), and others. Among these application types, semiconductors are likely to remain the chief demand generator in the market during the forecast period.
• Rapid technological advancements and a continuous drive toward miniaturization and higher performance characterize the semiconductor industry. This necessitates highly specialized cutting tools capable of achieving intricate and precise cuts on semiconductor materials, such as silicon, compound semiconductors, and other substrates used in chip manufacturing.

By Material Type

"Cemented carbide segment accounted for the largest market share."

• Based on the material type, the market is segmented into cemented carbide, ceramic, and others. Among these material types, cemented carbide is expected to maintain its dominance in the market as well as to witness the fastest growth over the next five years. Cemented carbide possesses exceptional hardness and wear resistance, making it ideal for precision cutting in electronic component manufacturing, where intricate designs and high precision are crucial.
• Furthermore, cemented carbide's durability enables longer tool life, reducing downtime for tool changes and enhancing overall productivity in the electronic component cutting operations. Its capability to withstand high temperatures and maintain cutting-edge sharpness contributes significantly to its widespread adoption in electronic cutting applications.

By Product Type

"The round tools segment accounted for the largest market share."

• Based on the product type, the market is segmented into inserts, round tools, and tools & tooling systems. The round tools segment is expected to remain the largest as well as the fastest-growing product type during the forecast period. Round tools, such as drills, end mills, and reamers, offer versatile and precise cutting capabilities that are essential for manufacturing processes across various electronic components.
• Furthermore, the increasing demand for smaller, more intricate electronic devices necessitates precision in manufacturing, driving the preference for round tools. These tools excel in creating intricate shapes and achieving high levels of accuracy, meeting the industry's needs for miniaturization.

Regional Analysis

"Asia-Pacific accounted for the largest market share."

• Among regions, the Asia-Pacific is projected to maintain its leading position in the market as well as to grow at the fastest pace in the foreseeable future. The region encompasses some of the world's largest electronics manufacturing hubs, including China, Japan, South Korea, and Taiwan, driving a significant demand for cutting tools used in the production of electronic components.
• The region is also driven by the presence of a large number of cutting tool manufacturers, KYOCERA Precision Tools, OSG Corporation, Sumitomo Electric Industries Ltd., and Zhuzhou Cemented Carbide Cutting Tools Co., Ltd.
   

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Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the electronics cutting tools market -  

• Sandvik AB
• OSG Corporation
• KYOCERA Precision Tools
• Kennametal Inc.
• Zhuzhou Cemented Carbide Cutting Tools Co., Ltd.
• Sumitomo Electric Industries, Ltd.
• Guhring, Inc.
• Ceratizit Group
• ASIME Sdn Bhd

Note: The above list does not necessarily include all the top players of the market.

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Recent Developments/Mergers & Acquisitions:

• In September 2023, Star Cutter Company acquired Tru Tech Systems Inc., from Resonetics, which offers its grinding solutions in the medical, aerospace, electronics, and other industries.
• In August 2023, the Ceratizit Group acquired 70% of the shares of Changzhou CW Toolmaker Inc., a company specializing in the design, production, and sales of tungsten carbide cutting tools for the electronics industry and various other industries, including aviation, railways, and mold and die industries.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The electronics cutting tools market is segmented into the following categories. 

By Application Type

• Semiconductor
• Printed Circuit Board
• Others

By Material Type

• Cemented Carbide
• Ceramic
• Others

By Product Type

• Inserts
• Round Tools
• Tools & Tooling Systems

By Machine Type

• Milling
• Turning
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, The Netherlands, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, Taiwan, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Electronics Cutting Tools market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com