External Threading Tool Market Size, Share, Growth, and Industry Analysis, By Type (Standard Tool and Custom Tool), By Application (Milling, Lathes, Pipe End and Others), Regional Insights and Forecast To 2033

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EXTERNAL THREADING TOOL MARKET REPORT OVERVIEW

Global external threading tool market size was anticipated to be valued at USD 3.28 billion in 2023, with a projected growth to USD 5.31 billion by 2032 at a CAGR of 5.5% during the forecast period.

External threading stands as the primary method for introducing threads onto cylindrical bars, a crucial step in producing screw threads on components such as bolts, shafts, and pipes. This process benefits even castings, regardless of their material composition. An essential tool for external threading, the die precisely cuts threads on the workpiece's outer diameter. Dies come in various materials, such as High-Speed Steel (HSS) for steel and High-Speed Steel with Cobalt (HSSE) for stainless and acid-resistant steel. Utilizing a die necessitates a die holder, which can be manually operated or secured onto machinery particularly a lathe's tailstock or drill chuck for efficient thread cutting.

Hexagonal die nuts complement dies as an external threading tool, aiding in re-cutting threads or navigating challenging areas. Their versatility enhances thread cutting tasks, particularly in precision-demanding and maneuverable scenarios. These nuts play a vital role in shaping bolts, pipes, and various components, contributing to the creation of precise and enduring screw threads across diverse materials and applications. Whether crafting intricate designs or ensuring structural integrity, external threading tools serve as indispensable assets in manufacturing and maintenance processes, facilitating the creation of reliable mechanical connections essential across numerous industries and sectors.

COVID-19 IMPACT

"Pandemic disrupted the market leading to decreased demand and disruption in the supply chain"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The market experienced significant upheaval due to the pandemic. Temporary closures of manufacturing facilities and disruptions in the supply chain led to a noticeable decline in demand for external threading tools. The shutdown of these facilities directly impacted the necessity for such tools, as production activities slowed or ceased entirely. Moreover, interruptions in the supply chain exacerbated the situation, making it challenging for manufacturers to acquire essential materials and components for external threading tool production. Consequently, the threading tools market encountered reduced demand and uncertainties, mirroring the broader economic impacts of the pandemic on industrial sectors worldwide.

LATEST TRENDS

"Increased adoption of advanced materials demands tailored threading tools to drive the market"

The increasing utilization of advanced materials such as titanium and nickel-based alloys necessitates the use of specialized threading tools adept at cutting threads with precision and efficiency. These materials, renowned for their superior strength, corrosion resistance, and high-temperature performance, pose unique challenges in machining processes. Traditional threading tools may struggle to effectively cut through these resilient materials, making the need for specialized tools paramount. Such threading tools are specifically engineered to withstand the demanding properties of advanced materials, ensuring accurate thread cutting without compromising the integrity of the workpiece. Manufacturers and industries reliant on these advanced materials recognize the significance of employing threading tools tailored to their specific requirements, enabling them to fully harness the potential of these innovative materials in various applications across sectors such as aerospace, automotive, and medical devices.

EXTERNAL THREADING TOOL MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Standard Tool and Custom Tool.

• Standard Tools: Widely available and cost-effective, standard external threading tools are designed to cut common thread sizes and pitches. These tools are mass-produced and can be found in various materials such as high-speed steel (HSS) and carbide. They are suitable for applications where a standard thread size is required, and precision and accuracy are not critical. Examples of standard external threading tools include taps, dies, and thread mills. These tools are commonly used in industries such as automotive, aerospace, and general manufacturing.

• Custom Tools: Custom external threading tools are designed to cut specific, non-standard thread sizes and pitches, tailored to the specific requirements of a particular application. These tools are manufactured with high precision and accuracy, ensuring that the desired thread form is achieved. Made from advanced materials such as titanium and nickel-based alloys, which require specialized threading tools to cut threads effectively, custom external threading tools are essential. Examples of custom external threading tools include custom-made taps, dies, and thread mills. They are commonly used in industries such as aerospace, medical, and high-performance automotive, where precision and accuracy are critical.

By Application

Based on application the global market can be categorized into Milling, Lathes, Pipe End and Others.

• Milling: In milling applications, external threading tools are utilized to cut threads on the outer surface of a workpiece. Thread milling offers a flexible and cost-effective process for cutting multiple threads on the same machine, rendering it suitable for a broad array of applications. High-precision threading tools are often required in milling applications to guarantee accurate thread profiles and pitch. External threading tools employed in milling play a pivotal role in industries such as automotive, aerospace, and general manufacturing. The demand for external threading tools in milling applications is expected to grow due to the increasing use of advanced materials and the necessity for efficient production processes.

• Lathes: In lathe applications, external threading tools are utilized to cut threads on the outer surface of a workpiece with rotational symmetry. Lathe threading tools are specifically designed to endure the high cutting forces and temperatures generated during the threading process. External threading tools employed in lathes play a crucial role in industries such as metalworking, automotive, and precision engineering. The demand for high-performance external threading tools for lathe applications is fueled by the increasing need for precision manufacturing and the growing utilization of advanced materials. The market for external threading tools in lathe applications is anticipated to expand due to the rising demand for custom thread profiles and pitches across various industries.

• Pipe End: In pipe end applications, external threading tools are utilized to cut threads on the outer surface of pipes for joining and sealing purposes. These tools are crucial for industries such as oil and gas, construction, and plumbing, requiring adherence to specific thread standards. The demand for external threading tools in pipe end applications is influenced by the growth of the construction and infrastructure sectors. To ensure leak-free and secure connections, external threading tools used in pipe end applications must meet stringent quality and performance requirements. Consequently, the market for external threading tools in pipe end applications is anticipated to grow alongside increasing construction activities and the expansion of the oil and gas industry.

• Others: The "Others" category in the external threading tool market encompasses various specialized applications, including thread whirling, thread rolling, and custom thread cutting. Specialized external threading tools within this category are tailored for specific industries and unique machining processes. The demand for external threading tools in specialized applications is propelled by the necessity for custom thread profiles, non-standard pitches, and high-precision machining. Industries such as aerospace, medical, and high-performance automotive often rely on specialized external threading tools for unique and critical applications. The market for external threading tools in the "Others" category is poised to grow as industries continue to seek tailored solutions for their specific threading requirements.

DRIVING FACTORS

"Increasing demand for customized threading solutions boosts the market"

The increasing need for personalized threading solutions is evident across various industries such as automotive, aerospace, and oil and gas. These sectors frequently require customized threading solutions tailored to their specific requirements. This surge in demand for bespoke solutions acts as a catalyst for the global external threading tool market growth, prompting manufacturers to innovate and offer specialized tools engineered to deliver superior performance and efficiency. The focus is on providing tools that not only meet but exceed the expectations of these industries, ensuring optimal functionality and precision. Consequently, manufacturers are investing in research and development to create cutting-edge threading solutions that address the unique challenges posed by different applications. This trend underscores the growing recognition among industries of the significant impact that customized threading tools can have on enhancing productivity and achieving operational excellence.

"Emphasizing product quality and precision expands the market"

The focus on product quality and precision intensifies, with manufacturers actively pursuing threading tools of superior quality capable of producing precise and consistent outcomes. There is a noticeable trend in the market towards the adoption of advanced threading tools renowned for their ability to generate reliable thread profiles, elevate surface finish standards, and enhance dimensional accuracy. This shift reflects a growing demand for tools that not only meet but exceed stringent quality standards, ensuring utmost precision in machining operations. Manufacturers are prioritizing the integration of cutting-edge technologies and materials into their threading tools to cater to this demand for heightened accuracy and reliability. Consequently, there is a palpable emphasis on research and development efforts aimed at innovating threading tools that can deliver exceptional performance and uphold the highest standards of product quality and precision, aligning with the evolving needs of industries across various sectors.

RESTRAINING FACTORS

"High investment required for adopting advanced threading tools hinders the market"

The significant initial investment required acquiring advanced threading tools and equipment presents a considerable challenge, particularly for small and medium-sized enterprises (SMEs). This substantial upfront cost serves as a deterrent to market expansion, impeding the widespread adoption of advanced threading tools within specific segments. The financial burden associated with obtaining these tools restricts SMEs' ability to invest in upgrading their machining capabilities, hindering their competitiveness and growth potential. Additionally, the high initial investment acts as a barrier to entry for new market players, further limiting market expansion and innovation. Consequently, despite the evident benefits of advanced threading tools in enhancing productivity and quality, affordability remains a crucial consideration for businesses, influencing their decision-making processes and investment strategies in the machining industry.

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EXTERNAL THREADING TOOL MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America dominates the market with strong manufacturing and precision demand"

North America commands a notable portion of the global external threading tools market share, propelled by the region's robust manufacturing sector and strong demand for precision machining solutions. The region's well-established manufacturing industry underscores its prominence in the market, with a particular focus on delivering high-quality products. Moreover, North America's commitment to technological advancements and continual product innovation serves as a key driver for market expansion. This emphasis on staying at the forefront of technological developments not only sustains North America's competitive edge but also fosters growth opportunities within the threading tools market. As a result, the region remains a significant player in the landscape, leveraging its manufacturing expertise and innovation-driven approach to meet the evolving demands of industries requiring precision threading solutions.

KEY INDUSTRY PLAYERS

"Key industry players optimize productivity with top-notch threading tools for faster and more precise operations"

Utilizing top-notch threading tools enhances productivity by facilitating quicker and more precise threading procedures, thereby reducing cycle times and improving overall efficiency within prominent industry sectors. The adoption of high-quality threading tools is paramount for key industry players in various sectors, as they strive to optimize manufacturing processes and streamline operations. By employing these advanced tools, businesses can expedite the threading process without compromising accuracy, resulting in significant time savings and increased output. Moreover, the superior performance and reliability offered by such external threading tools contribute to enhanced operational efficiency, allowing companies to meet production targets more effectively. Ultimately, the integration of high-quality threading tools into manufacturing workflows not only boosts productivity levels but also enhances the competitive edge of industry leaders by ensuring consistent and high-quality output.

List of Top External Threading Tool Companies

• Walter Group (Germany)
• CERATIZIT GROUP (Luxembourg)
• EMUGE-FRANKEN (U.S.)
• RUKO GmbH (Germany)
• Arno Werkzeuge (Germany)
• WORLDIA Group (China)
• Resato (The Netherlands)
• Friedrich Gloor AG (Switzerland)
• Paul Horn (Germany)
• Kennametal (U.S.)
• Seco (Sweden)
• ISCAR Tools (Israel)
• CANELA EINES (Germany)
• MICRO 100 (U.S.)
• Eskenazi (Germany)
• Wagner Tooling Systems Baublies GmbH (Germany)
• Vargus (Israel)
• VIRAX (France)
• REMS (Germany)
• Allied Machine & Engineering (U.S.)
• Carmex Precision Tools (U.S.)
• DIXI Group (Switzerland)
• Schwanog Siegfried Güntert GmbH (Germany)
• Multi-coupling-system (Italy)

INDUSTRIAL DEVELOPMENT

November 2023: Walter introduces innovative thread milling tools under the name "Thrill·tec™," combining core-hole drilling and threading into a single operation. The TC645 Supreme circular drill/thread mill further streamlines operations by adding chamfering capabilities at the thread entry. Its multitasking design enhances productivity for both mass production and small-scale manufacturing, reducing tool changes and machine downtime. With optimized chip removal and universal compatibility, the TC645 Supreme offers cost-efficient threading solutions across various materials.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.