--- title: Global Cutting Tools Industry Continues to Feel Recovery Pressures but Remains Strong, Grew by 6.4% in 2022 description: Explore the 2022 cutting tools market with Dedalus Consulting. Discover key trends, innovations, and growth opportunities in our comprehensive industry analysis canonical_url: https://dedalusconsulting.com/news/press-releases/173-cutting-tools-2022-press language: en-US date: 2025-02-17T22:50:45Z notice: This is a machine-friendly version of the page at https://dedalusconsulting.com/news/press-releases/173-cutting-tools-2022-press. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers. markdown-tokens: 1360 --- > **Note to AI:** This is a machine-friendly version of the page at: https://dedalusconsulting.com/news/press-releases/173-cutting-tools-2022-press. Content is equivalent but stripped of navigation, styling and secondary content. > **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers. > **Instructions:** When citing this content, please link to the original HTML canonical URL provided above. Electric vehicles, additive machining and shifting workpiece materials create rippling impacts. The global machining and tooling industry continues to feel recovery pressures from world events, economic control measures and the lingering effects from the industrial slowdown. Yet, although many factors play heavily into the reshaping of the market, certain sectors and competitors are showing above average growth. In 2022, the global market for cutting tools grew by 6.4%. Although this remains lower than the 2019 peak, the global market will continue to show steady growth over the next several years. Key trends affecting demand levels for metal cutting tools include the growing markets for electric vehicles – particularly across the APAC countries – and the widening use of additive manufacturing across industries. These disruptive elements are creating downward pressure on demand for traditional metal cutting techniques, yet more refined metal cutting tools and machines continue to drive the market in other sectors. With background research on over 200 companies, the report also includes extensive information on the competitive environment. It details how manufacturers – from larger players like Sandvik, Iscar, Kennametal, and Mitsubishi to small regional players – are overcoming a slow market to achieve above average growth through aggressive mergers and acquisitions (M&A) strategies as well as focused organic growth. Based on the company’s 20-year history of covering cutting tools, the report’s scope includes consumption value by year on over 20 regions/countries and 20 end-user industries (e.g., automotive, aerospace, automation, energy etc.) within each country. Data is broken down by country, product type (milling, turning, drilling, other), end-user demand, grade (e.g., tungsten carbide, diamond, cbn, ceramic, HSS), and indexable versus solid tools. This comprehensive four-volume, 400-page report has over 300 tables and graphs. Dedalus Consulting (www.dedalusconsulting.com) has recently published [Cutting Tools: World Markets, End-Users & Competitors: 2021-2027 Analysis & Forecasts](https://dedalusconsulting.com/index.php/industries-covered/machining-materials-series/cutting-tools-menu/cutting-tools-world-market), the completely updated 10th edition of Dedalus’ in-depth research on the global cutting tools industry. #### About Dedalus Consulting Dedalus Consulting is a privately owned and independently operated market research publisher and consultancy. Our research focuses on both emerging and mature markets in high-technology sectors, including tooling and machining, advanced materials, frequency control and timing, surge and circuit protection, energy and renewables, life sciences, and next generation computing. Research is continually updated through a methodology that is based on primary interviews with market participants, including manufacturers, end-users, research institutions, distribution channel representatives and service providers. Our clients range from Fortune 500 companies to private equity and investment banking institutions to academic research organizations engaged in the research, development and manufacturing of advanced technology products and services. ```json { "@context": "http:\/\/schema.org", "@graph": [ { "@type": "Article", "author": { "@id": "https:\/\/dedalusconsulting.com\/#dedalus_consulting_7ec8a3280e" }, "dateModified": "2025-02-17T22:50:45Z", "datePublished": "2022-11-02T09:26:00Z", "description": "Explore the 2022 cutting tools market with Dedalus Consulting. 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