Industry analysts foresee a surge in M&A activities during the forecast period.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global boring tools market in their latest research report. This report also lists 40 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for boring tools is characterized by the presence of several local and regional vendors. The competition in the market is projected to intensify further as new players venture into the market space. Suppliers that offer a complete range of boring tool products have a distinct competitive advantage in the current market scenario. Manufacturers with sound financial position and global presence with strong manufacturing capabilities may adopt M&A to participate in OEM-driven supplier consolidation as a protective strategy.
According to Anju Ajaykumar, a lead analyst at Technavio for research on tools and components, “Despite the consolidation through M&A activities, the boring tools market continues to be fragmented. The levels of M&A in the market are likely to rise during the forecast period.”
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Top five vendors in the boring tools market space
BIG KAISER
Big Kaiser engages in the development, manufacture, and distribution of high-end precision tooling for the metal cutting industry. The globally operating company has facilities in the US, Switzerland, and Germany. BIG KAISER is part of the family-owned group, BIG DAISHOWA Seiki, based in Japan.
Key products: DIA. .630-.827 MW BORING HEADS, DIA .787-8.00 SERIES 319, DIA. .787-8.00 SERIES 315, LARGE DIA. 7.795-118 BORING SERIES 318, and LARGE DIA. 7.795-118 BORING SERIES 317.
Kennametal
Kennametal specializes in metalworking, aerospace tooling, drilling, machining, ceramics, and mining construction. The company’s product offerings include cutting tools, milling tools, hole-making tools, turning tools, and threading tools.
Key products: ModBORE Twin Cutter, ModBORE Bridge Tools, FBHO, SVUBB Boring Bar Heads, AVS, SVS, and Modular Romicron.
NACHI-FUJIKOSHI
NACHI-FUJIKOSHI operates in the engineering equipment industry. It develops and markets products such as cutting tools, machine tools, and hydraulic equipment. The company offers a variety of products such as electronic equipment for spark welding, arc welding, ultraprecise prism groove cutting machines, bearing units, and plummer block housings.
Key products: GSX MILL VL Hard, GSX MILL VL Long Shank, GSX Mill VL Roughing, WAVY MILL NWEX Type, X’s – mill Multi – Flutes, and X’s – mill Geo.
OSG
OSG operates in the tooling industry. It develops and markets products such as slotting end mills, roughing end mills, and multi-flute end mills. In addition, it develops products such as measurement gauges, fasteners, and rolling dies. It caters to companies across industries such as automotive, aerospace, die mold, and precision instruments.
Key products: Roughing End Mills, Square End Mills, Ball End Mills, Corner Radius End Mills, Double-ended End Mills, Routers, and Burs.
Sandvik
Sandvik operates in the heavy equipment industry and is one of the prominent players in the global metal cutting tools market. It develops and markets products such as turning tools, milling tools, drilling tools, boring tools, threading tools, and other tools. It has three business segments: Tooling, Mining and Construction, and Materials Technology.
Key products: CoroBore XL, CoroBore 820, DuoBore, CoroBore 826, CoroBore 825/826 XL, Fine boring head, and CoroBore 824 XS.
A more detailed analysis is available in the Technavio report, Global Boring Tools Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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