The global turning tools market is expected to grow at a compound annual growth rate (CAGR) of 8.3% during the forecast period.
The global turning tools market is projected to increase in revenue from 5.7 billion USD in 2022 to 11.6 billion USD by 2031, with an expected compound annual growth rate (CAGR) of 8.3% during the forecast period from 2023 to 2031. The global turning tools market is expected to continue to be supported by growing industrial sectors such as automotive and aerospace. With further technological innovations and an expansion of demand, the market is anticipated to achieve sustained growth throughout the forecast period. For application methods, please check the [PDF download] button or apply directly through the related links.
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Major Companies: Ingersoll Cutting Tool Company Seco Tools CERATIZIT Walter Tools Shanghai Tool Works Co. Ltd Applitec Moutier SA Kyocera Unimerco Dormer Pramet Hanjiang Tool Co. Ltd WNT Tools India Pvt Ltd ALESA AG Dorian Tool International Incorporated Kennametal Foundation Beijing Worldia Diamond Tools Co. Ltd Aloris Tool Technology Co. Inc DANOBAT GROUP ISCAR LTD
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