The global tool holders market is forecasted to grow at a CAGR of 5.61% during the period 2018-2022

LONDON, Jan. 15, 2018 /PRNewswire/ -- About Tool Holders

Tool holders refer to adapters used to mount tools such as drills, cutting tools, and turning tools in machine tool equipment. In a machining operation, selecting an efficient tool holder is as crucial as selecting an appropriate cutting tool.



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For smooth machining operations, it is very important that the tool is properly inserted in the collet and rotates through its cutting path with minimal run-out. To ensure minimal loss of tool efficiency and to avoid any deflection from the clamping source, it is important that the collet clamps the tools effectively. Therefore, ball bearing collet nuts are used to ensure the same.

Ball bearing in the collet enables an operator to run both clockwise and counter clockwise tools in the same tool holder. This type of bearing also eliminates the possibility of tool slippage during the routing process. While changing the tool: it is important to setup the tool in the correct tool changing fixture to ensure the proper securing of the tool holder.

The tool holder has equal importance as the cutting tool in the overall machine tools industry ecosystem. Innovation in tool holding systems has been slower than the innovation in machines.

Technavio's analysts forecast the global tool holders market to grow at a CAGR of 5.61% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global tool holders market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Tool Holders Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• BIG KAISER Precision Tooling
• CERATIZIT
• Guhring
• Kennametal
• Sandvik Coromant

Other prominent vendors
• LMT Onsrud
• KYOCERA UNIMERCO
• Ingersoll Cutting Tools
• SECO
• GDP | GUHDO

Market driver
• Growing commercial aircraft leasing market
• For a full, detailed list, view our report

Market trend
• Use of loT for condition-based monitoring of tool holders
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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