What is Global Automotive Tool Holder Market?
The Global Automotive Tool Holder Market is a vast and dynamic sector that plays a crucial role in the automotive industry. This market encompasses a variety of tools that are used in the manufacturing, repair, and maintenance of vehicles. These tools are designed to hold various automotive components securely in place during operations, ensuring precision and efficiency. The market was valued at US$ 239.9 million in 2023 and is projected to reach US$ 278 million by 2030, growing at a CAGR of 2.1% during the forecast period 2024-2030. The leading manufacturer in this market is Sandvik, which accounted for over 21% of the global market revenue in 2019.
Hydraulic Expansion Toolholder/Chuck, Heat Shrinking Toolholder/Chuck, Milling Chuck, Collet Chuck, Drill Chuck, Others in the Global Automotive Tool Holder Market:
The Global Automotive Tool Holder Market is segmented into several types based on their functionality and usage. These include Hydraulic Expansion Toolholder/Chuck, Heat Shrinking Toolholder/Chuck, Milling Chuck, Collet Chuck, Drill Chuck, and others. Each of these tool holders has a unique role in the automotive industry. For instance, a Hydraulic Expansion Toolholder/Chuck is used to hold tools in place during high-pressure operations, while a Heat Shrinking Toolholder/Chuck is used to secure tools during heat-intensive processes. Similarly, a Milling Chuck is used in milling operations, a Collet Chuck is used for holding cylindrical workpieces, and a Drill Chuck is used for holding drill bits.
Workshops, Repair Shop, Service Stations, Others in the Global Automotive Tool Holder Market:
The Global Automotive Tool Holder Market finds its application in various areas such as Workshops, Repair Shops, Service Stations, and others. In workshops, these tool holders are used in the manufacturing and assembly of vehicles. In repair shops, they are used in the maintenance and repair of vehicles. Service stations use these tool holders for routine servicing and minor repairs. Other areas where these tool holders are used include automotive research and development centers, automotive training institutes, and automotive component manufacturing units.
Global Automotive Tool Holder Market Outlook:
Looking at the market outlook, the Global Automotive Tool Holder Market is showing promising growth. In 2023, the market was valued at US$ 239.9 million and it is expected to reach US$ 278 million by 2030. This indicates a steady growth rate of 2.1% during the forecast period from 2024 to 2030. The leading player in this market is Sandvik, which held more than 21% of the global market revenue in 2019. This growth can be attributed to the increasing demand for efficient and precise tools in the automotive industry.
| Report Metric | Details |
| Report Name | Automotive Tool Holder Market |
| Accounted market size in 2023 | US$ 239.9 million |
| Forecasted market size in 2030 | US$ 278 million |
| CAGR | 2.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Sandvik, Guhring, Kennametal, Lyndex-Nikken, CERATIZIT, BIG DAISHOWA, Kyocera, MST, Emuge, Shin-Yain Industrial Co.,Ltd, Haimer GmbH, NT Tool, D’Andrea, Helmut Diebold GmbH & Co., Command Tooling Systems, Schunk, HMCT Group, Birla Precision Technologies, Ingersoll Cutting Tool Company, Bright Tools |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
