The global Twist Drill market was valued at 425.48 Million USD in 2021 and will grow with a CAGR of 1.52% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Twist Drill (also commonly referred to as twist bit) is a rotating cutting tool, used for cutting holes in rigid materials, that consists of an essentially conical point, relieved and fluted to form cutting lips, and spiral flutes which direct the chips away from the lips and toward ejection from the hole. Twist drills are the most common and easiest way to put a hole in steel, wood or other non-ferrous materials.The global market of twist drill has mainly been driven by its downstream enterprises. Economic investment has large impact on research and national policies are also the main growth catalysts for the market. The global twist drill market is mainly occupied by the existing enterprises. OSG, Tiangong International, TDC Cutting Tool, Shanggong, Harbin No.1 Tool, Feida Chengdu Chenliang, Harbin Measuring & Cutting Tool and Fangda Holding are the global leading manufacturers with 28.18% of the production volume market in 2015. The global consumption regions of twist drill market mainly concentrate in China, Europe, the USA and Japan. China is the largest consumption region by consumption volume. Although the market competition of twist drill is fierce, there are many enterprises can obtain considerable profit form the manufacturing and marketing of twist drill and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.

By Market Verdors:

Sandvik Coromant

OSG

Kennamtel

SECO

Stanley Black & Decker

Mitsubishi

Guhring Group

Nachi

ISCAR

Sumitomo

Walter AG

Bosch

Mapal

Korloy

Triumph

Tiangong International

Kyocera

Irwin Tool

TDC Cutting Tool

Shanggong

Harbin No.1 Tool

Feida

Ceratizit

Greenfield Industries

Chengdu Chenliang

Harbin Measuring & Cutting Tool

Komet

Regal Cutting Tools

Alpen-Maykestag

Fangda Holding

By Types:

Straight Shank Twist Drill

Taper Shank Twist Drill

Double-End Twist Drill

By Applications:

Metal

Wood

Concrete

Plastic

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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