19JULY 2024TOP 10CUTTING TOOLSMANUFACTURERS 2024A Comprehensive Overview of Cutting Tools IndustryThe Indian cutting tools market produces a wide range of tools such as saw blades, taps, reamers, hobs, chasers, broaches, rolling dies, drills, end mills, cutters, burrs, other gear cutting tools, tool bits, tips/inserts and many more. The market is driven by the growth of industries like construction, automotive, railway network, engineering, and defence. Indian cutting tool manufacturers are investing heavily in R&D to innovate and improve product offerings. Companies are collaborating with academic institutions and research organisations to develop new material, cutting edge designs, and efficient manufacturing processes. The manufacturers are readily embracing the use of different raw materials especially, metal powders to make the different types of diamond cutting tools. The cost of existing materials and the need to import are some of the reasons behind this. Particularly iron powders are greatly used especially electrolytic iron to make the diamond cutting tools because it increases its performance and durability of tools and abrasives produced for stone cutting tools.The value of Indian cutting tool market is around Rs.80 billion among which they told made by metal powders alone stands around 40 billion. The local manufacturers contribute around 45 percent of total production. India gives good competition to advanced countries like Japan Germany, South Korea, Italy and more. Industry Outlook in this issue presents a list of `Top 10 Cutting Tools Manufacturers- 2024' who are the major players in the industry. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts, and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable products.
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