세계의 재료 제거 툴 시장 - 규모, 점유율, 성장 및 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of material removal tools Market

The global material removal tools market continues to experience steady growth, supported by expanding industrial applications, technological advancements, and rising demand for efficient power tools. According to the latest assessment, the global material removal tools market size reached USD 7.98 billion in 2024, is expected to increase to USD 8.35 billion in 2025, and is forecast to reach USD 12.07 billion by 2032, reflecting a stable CAGR of 5.4% during the forecast period. The industry remains highly competitive and innovation-driven, with Asia Pacific commanding a 51.50% market share in 2024, equivalent to USD 4.11 billion, positioning it as the leading regional market.

Market Overview

Material removal tools-including drills, cutters, saws, and grinders-form an essential part of industrial operations across manufacturing, automotive, aerospace, and construction sectors. These tools are manufactured using various materials such as high-speed steel (HSS), ceramics, diamond composites, and other advanced abrasives. The market landscape is shaped by intense competition from global leaders such as Bosch, Makita, Hilti, Koki Holdings, Milwaukee, and Stanley Black & Decker, along with rising regional manufacturers.

The market suffered short-term disruptions during the COVID-19 pandemic due to factory closures, transport restrictions, and supply chain breakdowns. However, with global economic recovery and the rapid integration of Industry 4.0-AI, IoT, automation, and robotics-the material removal tools market has regained momentum, supported by rising demand for precision machining, lightweight materials, and automated manufacturing processes.

Impact of Reciprocal Tariffs

The effect of reciprocal tariffs continues to reshape global supply chains. Trade wars and rising import duties have created volatility in the power tool and equipment market. Manufacturers face challenges such as reduced overseas demand, higher production costs, and disrupted sourcing of raw materials. For example, in April 2025, Stanley Black & Decker announced price hikes and supply-chain restructuring in response to new U.S. tariffs. In the short term, tariffs delay shipments and raise operational costs, while long-term impacts include pricing pressure on end users and the need for more resilient, diversified supply chains.

Market Dynamics

Trends: Growing Demand for Ergonomic and Efficient Tools

Technological upgrades and ergonomic product design are key trends shaping the material removal tools market. Users increasingly prefer cordless and battery-powered tools that deliver high mobility, reduced vibration, and improved productivity. For instance, in November 2024, Festool introduced a cordless electric sander with integrated LED lighting for improved surface inspection, reflecting the shift toward smart, high-performance tools.

Drivers: Advancements in Cutting and Abrasive Technology

Advances in abrasive materials, such as diamond tools and improved HSS compositions, significantly enhance cutting efficiency and durability. Leading brands are expanding their product portfolios with high-performance accessories to meet growing industrial processing needs. Makita's May 2024 launch of ultra-thin kerf diamond blades optimized for cordless tools highlights this trend.

Restraints: Supply Chain Challenges and Competition from CNC Systems

Global trade tensions and material shortages remain major restraints, as supply chain instability increases costs and reduces availability of critical components. Additionally, the rising adoption of CNC machining technology reduces reliance on traditional manual removal tools, creating competitive pressure in certain segments.

Opportunities: Advancements in Tool Handling and High-Speed Steel Innovation

Improved ergonomics, lighter materials, enhanced battery technology, and advanced High-Speed Steel (HSS) formulations are expanding opportunities, especially across professional applications. Makita's March 2024 launch of advanced jigsaws with improved user handling exemplifies innovation driving new demand.

Segmental Insights

By Tool Type

• Corded tools dominate in 2024 due to high reliability, precision, and power output-preferred by industrial users.
• Cordless tools are expanding fastest, driven by battery innovation and mobility needs.

By Material Type

• Diamond tools show the highest growth due to superior cutting efficiency and resistance.
• High-Speed Steel (HSS) tools maintain strong demand in industrial finishing tasks.
• Ceramics and others are expanding due to consistent demand from specialist applications.

By Industry

• Automotive is the leading industry segment due to heavy usage in fabrication, finishing, and bodywork processes.
• Growth is also driven by aerospace, construction, defense/military, electronics, oil & gas, and metal & mining sectors, particularly with rising adoption of Industry 4.0.

Regional Outlook

• Asia Pacific (USD 4.11 Billion in 2024) dominates due to large-scale manufacturing, EV growth, and high-precision metalworking industries in China, India, and Japan.
• North America sees stable growth supported by demand for compact, high-performance tools and strong innovation from major manufacturers.
• Europe expands moderately due to compliance-driven demand for ergonomic, safety-certified tools.
• Middle East & Africa grows steadily with investments in construction and industrialization.
• Latin America experiences slower growth due to limited investment and domestic demand but offers room for expansion through partnerships.

Conclusion

With strong demand from manufacturing and automotive sectors, rapid expansion of cordless technologies, and ongoing innovation in tool materials, the material removal tools market is set to rise steadily from USD 7.98 billion in 2024 to USD 12.07 billion by 2032, supported by significant growth across Asia Pacific and emerging global markets.

Segmentation By Tool Type

• Corded
• Cordless

By Material Type

• High Speed Steel
• Ceramics
• Diamond
• Others

By Industry

• Aerospace
• Automotive
• Chemical
• Construction
• Defense/Military
• Electronics
• Oil & Gas
• Metal & Mining
• Others

By Geography

• North America (By Tool Type, Material Type, Industry, and Country)
  • U.S. (By Material Type)
  • Canada (By Material Type)
• Europe (By Tool Type, Material Type, Industry, and Country)
  • Germany (By Material Type)
  • U.K. (By Material Type)
  • France (By Material Type)
  • Italy (By Material Type)
  • Rest of Europe
• Asia Pacific (By Tool Type, Material Type, Industry, and Country)
  • China (By Material Type)
  • India (By Material Type)
  • Japan (By Material Type)
  • South Korea (By Material Type)
  • Southeast Asia (By Material Type)
  • Rest of Asia Pacific
• Middle East & Africa (By Tool Type, Material Type, Industry, and Country)
  • GCC (By Material Type)
  • South Africa (By Material Type)
  • Rest of Middle East & Africa
• Latin America (By Tool Type, Material Type, Industry, and Country)
  • Brazil (By Material Type)
  • Mexico (By Material Type)
• Rest of Latin America

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities and Trends
• 3.3. Impact of Reciprocal Tariffs

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Material Removal Tools Key Players [Top 3-5] Market Share/Ranking, 2024

5. Global Material Removal Tools Market Size Estimates and Forecasts, By Segments, 2019-2032

• 5.1. Key Findings
• 5.2. By Tool Type (USD)
  • 5.2.1. Corded
  • 5.2.2. Cordless
• 5.3. By Material Type (USD)
  • 5.3.1. High Speed Steel
  • 5.3.2. Ceramics
  • 5.3.3. Diamond
  • 5.3.4. Others
• 5.4. By Industry (USD)
  • 5.4.1. Aerospace
  • 5.4.2. Automotive
  • 5.4.3. Chemical
  • 5.4.4. Construction
  • 5.4.5. Defense/Military
  • 5.4.6. Electronics
  • 5.4.7. Oil & Gas
  • 5.4.8. Metal & Mining
  • 5.4.9. Others
• 5.5. By Region (USD)
  • 5.5.1. North America
  • 5.5.2. Latin America
  • 5.5.3. Europe
  • 5.5.4. Asia Pacific
  • 5.5.5. Middle East & Africa

6. North America Material Removal Tools Market Size Estimates and Forecasts, By Segments, 2019-2032

• 6.1. Key Findings
• 6.2. By Tool Type (USD)
  • 6.2.1. Corded
  • 6.2.2. Cordless
• 6.3. By Material Type (USD)
  • 6.3.1. High Speed Steel
  • 6.3.2. Ceramics
  • 6.3.3. Diamond
  • 6.3.4. Others
• 6.4. By Industry (USD)
  • 6.4.1. Aerospace
  • 6.4.2. Automotive
  • 6.4.3. Chemical
  • 6.4.4. Construction
  • 6.4.5. Defense/Military
  • 6.4.6. Electronics
  • 6.4.7. Oil & Gas
  • 6.4.8. Metal & Mining
  • 6.4.9. Others
• 6.5. By Country (USD)
  • 6.5.1. United States
    • 6.5.1.1. By Material Type
  • 6.5.2. Canada
    • 6.5.2.1. By Material Type

7. Latin America Material Removal Tools Market Size Estimates and Forecasts, By Segments, 2019-2032

• 7.1. Key Findings
• 7.2. By Tool Type (USD)
  • 7.2.1. Corded
  • 7.2.2. Cordless
• 7.3. By Material Type (USD)
  • 7.3.1. High Speed Steel
  • 7.3.2. Ceramics
  • 7.3.3. Diamond
  • 7.3.4. Others
• 7.4. By Industry (USD)
  • 7.4.1. Aerospace
  • 7.4.2. Automotive
  • 7.4.3. Chemical
  • 7.4.4. Construction
  • 7.4.5. Defense/Military
  • 7.4.6. Electronics
  • 7.4.7. Oil & Gas
  • 7.4.8. Metal & Mining
  • 7.4.9. Others
• 7.5. By Country (USD)
  • 7.5.1. Brazil
    • 7.5.1.1. By Material Type
  • 7.5.2. Mexico
    • 7.5.2.1. By Material Type
  • 7.5.3. Rest of Latin America

8. Europe Material Removal Tools Market Size Estimates and Forecasts, By Segments, 2019-2032

• 8.1. Key Findings
• 8.2. By Tool Type (USD)
  • 8.2.1. Corded
  • 8.2.2. Cordless
• 8.3. By Material Type (USD)
  • 8.3.1. High Speed Steel
  • 8.3.2. Ceramics
  • 8.3.3. Diamond
  • 8.3.4. Others
• 8.4. By Industry (USD)
  • 8.4.1. Aerospace
  • 8.4.2. Automotive
  • 8.4.3. Chemical
  • 8.4.4. Construction
  • 8.4.5. Defense/Military
  • 8.4.6. Electronics
  • 8.4.7. Oil & Gas
  • 8.4.8. Metal & Mining
  • 8.4.9. Others
• 8.5. By Country (USD)
  • 8.5.1. Germany
    • 8.5.1.1. By Material Type
  • 8.5.2. United Kingdom
    • 8.5.2.1. By Material Type
  • 8.5.3. France
    • 8.5.3.1. By Material Type
  • 8.5.4. Italy
    • 8.5.4.1. By Material Type
  • 8.5.5. Rest of Europe

9. Asia Pacific Material Removal Tools Market Size Estimates and Forecasts, By Segments, 2019-2032

• 9.1. By Tool Type (USD)
  • 9.1.1. Corded
  • 9.1.2. Cordless
• 9.2. By Material Type (USD)
  • 9.2.1. High Speed Steel
  • 9.2.2. Ceramics
  • 9.2.3. Diamond
  • 9.2.4. Others
• 9.3. By Industry (USD)
  • 9.3.1. Aerospace
  • 9.3.2. Automotive
  • 9.3.3. Chemical
  • 9.3.4. Construction
  • 9.3.5. Defense/Military
  • 9.3.6. Electronics
  • 9.3.7. Oil & Gas
  • 9.3.8. Metal & Mining
  • 9.3.9. Others
• 9.4. By Country (USD)
  • 9.4.1. China
    • 9.4.1.1. By Material Type
  • 9.4.2. India
    • 9.4.2.1. By Material Type
  • 9.4.3. Japan
    • 9.4.3.1. By Material Type
  • 9.4.4. South Korea
    • 9.4.4.1. By Material Type
  • 9.4.5. Southeast Asia
    • 9.4.5.1. By Material Type
  • 9.4.6. Rest of Asia Pacific

10. Middle East & Africa Material Removal Tools Market Size Estimates and Forecasts, By Segments, 2019-2032

• 10.1. Key Findings
• 10.2. By Tool Type (USD)
  • 10.2.1. Corded
  • 10.2.2. Cordless
• 10.3. By Material Type (USD)
  • 10.3.1. High Speed Steel
  • 10.3.2. Ceramics
  • 10.3.3. Diamond
  • 10.3.4. Others
• 10.4. By Industry (USD)
  • 10.4.1. Aerospace
  • 10.4.2. Automotive
  • 10.4.3. Chemical
  • 10.4.4. Construction
  • 10.4.5. Defense/Military
  • 10.4.6. Electronics
  • 10.4.7. Oil & Gas
  • 10.4.8. Metal & Mining
  • 10.4.9. Others
• 10.5. By Country (USD)
  • 10.5.1. South Africa
    • 10.5.1.1. By Material Type
  • 10.5.2. GCC
    • 10.5.2.1. By Material Type
  • 10.5.3. Rest of MEA

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. Atlas Copco AB
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Emerson Electric Co.
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. Enerpac Tool Group
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. Hilti Corporation
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. Ingersoll Rand
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Koki Holdings Co. Ltd.
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. Makita Corporation
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. Robert Bosch GmBH
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Stanley Black & Decker Inc.
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. Tectronic Industries Co. Ltd.
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not Mode of Operation/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments

12. Key Takeaways