Aerospace Cutting Tools Market Projected to Reach $4.7 Billion in 2028, Says Stratview Research
The global aerospace cutting tools market size was valued at $ 2.46 billion in 2022 and is projected to reach $ 4.7 billion by 2028, as per Stratview Research.
(Photo: SBR)
NEW YORK, Aug. 29, 2025 — Stratview Research, a global market research firm, has launched a report on the global aerospace cutting tools market, which provides a comprehensive outlook of the global and regional industry forecast, current and emerging market trends, segment analysis, competitive landscape, and more.
The global aerospace cutting tools market is segmented based on raw material type, product type, machine type, aircraft type, and region.
The market is segmented into cemented carbide, ceramic, and others. Among these material types, cemented carbide is expected to maintain its market dominance as well as witness the fastest growth, over the next five years, says the Stratview Research.
The analysis suggests that North America is expected to remain the largest market for aerospace cutting tools during the forecast period. This growth outlook is mainly attributed to presence of a large number of aircraft OEMs, tier players, cutting tool manufacturers, and material suppliers.
US is likely to remain the leading market, both in North America and globally, during the forecast period.
Concurrently, Europe is likely to be the fastest-growing region during 2023-2028, with France, Germany, and the UK being the major contributors.
This report provides comprehensive insights into the aerospace cutting tools market, and delving deep into how big is the sales opportunity. It also gives an insight into the most attractive market segments and which are the top players and their market positioning. Besides, the focus is also on how complex is the business environment and what are the factors affecting the market.
Cemented Carbide Advantages You Should Know
Cemented Carbide: Cemented carbide's hardness and wear resistance make it an ideal choice for machining critical aerospace parts, especially those in high-stress areas like turbine engines, which require materials with excellent wear resistance to withstand harsh operating conditions.
Furthermore, in aerospace manufacturing, cutting tools made from cemented carbide are widely used for machining complex shapes. These tools enable higher cutting speeds and feed rates, leading to increased machining productivity. As a result, cemented carbide is the most favored material type in the aerospace cutting tool market.
Market Segments: The market is segmented into inserts, round tools, and tools and tooling systems. Among these product types, inserts is expected to maintain its market dominance as well as witness the fastest growth during the forecast period.
These cutting tools are typically used in indexable cutting tools such as milling cutters and turning tools. They are engineered with advanced geometries and coatings to optimize cutting performance. They are designed to be easily replaceable when the cutting edge becomes dull or worn out, which makes them more cost-effective in the long run.
Market Drivers: Some of the key drivers listed in the report is that there is an expected increase in the overall production of aircraft and the concurrent high demand for precision cutting, shaping, and machining tools for aerospace components. The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. The top five players include Sandvik AB, IMC Group, Kennametal Inc., OSG Corporation and Sumitomo Electric Industries Ltd. Other prominent players include Mitsubishi Materials Corporation, KYOCERA Precision Tools, Zhuzhou Cemented Carbide Cutting Tools Co., Ltd., Ceratizit Group and KORLOY.
What is Categorization on Basis of Machine, Aircraft Type?
The market is segmented into milling machines, turning machines, and others. Among these machine types, milling machines are expected to remain the dominant segment of the market during the forecast period.
Milling machines can handle diverse materials and are equipped with various cutting tools and tool holders, making them versatile for a wide array of aerospace applications. These machines enable the mass production of identical parts and can achieve high levels of precision and accuracy.
Based on aircraft type, the market is segmented into civil aircraft and military aircraft.
Despite taking a nosedive in 2020, civil aircraft is expected to remain the most dominant segment of the market by aircraft type, during the forecast period. The return to service of the B737 Max, the entry of new programs (C919, B777x, and MC-21), and the expected recovery in the production rates of the A320 and B737 programs are likely to fuel the segment’s growth.
Cemented carbide is becoming the preferred material for aerospace machining, valued for its strength, precision, and efficiency.
Inputs from Saqib Malik
Editing by David Ryder
