GITNUX MARKETDATA REPORT 2024

Tool Holder Industry Statistics

Tool holder industry statistics show a steady growth in demand due to the increasing usage of precision tools in industries such as automotive, aerospace, and electronics.

Statistic 1

"The Asia-Pacific region occupied 67.94% of the consumption market in 2020, which is the largest market share globally for Tool Holder industry."

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Statistic 2

"The Tool Holders market revenue was $1.10 Billion in 2019 and is expected to reach $2.20 Billion in 2026."

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Statistic 3

"European tool holder industry is expected to grow by 0.7% annually from 2021 to 2027."

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Statistic 4

"North America accounted for approximately 15.5% of the global tool holder market in 2020."

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Statistic 5

"The expansion of the automotive sector is anticipated to push the tool holder industry to reach $1.46 billion by 2028."

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Statistic 6

"China produced around 30% of the global manufacturing output for tool holders in 2020."

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Statistic 7

"In 2020, collet style tool holders accounted for 37.42% of the global revenue for the tool holder industry."

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Statistic 8

"The size of the ER Collet Chuck market segment of the Tool Holder industry was valued at $320.5 Million in 2020."

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Statistic 9

"The Tool Holder market in India is expected to rise at a CAGR of 7.6% between 2022 and 2026."

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Statistic 10

"The Hydraulic & Shrink Fit Tool Holders segment of the industry is expected to reach $750 Million by 2026 globally."

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Statistic 11

"The drilling tool holder segment showed a growth rate above 5.5% in 2020."

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Statistic 12

"Shrink fit tool holders are anticipated to witness 7% growth rate to 2027 due to increasing adoption in mold & die, automotive, aerospace & defense industries."

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Statistic 13

"In the 2020 tool holder market, the machining centers sector held about 35.2% consumption proportion."

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Statistic 14

"In the CNC tool holder market, CAT tooling was the biggest segment in 2019, contributing to over 1/3rd of the total market share."

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Statistic 15

"Japan is expected to witness high growth rates of over 6.5% in the tool holder market throughout 2021-2026."

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