The global market for Annular Cutters was estimated to be worth US$ 128 million in 2024 and is forecast to a readjusted size of US$ 173 million by 2031 with a CAGR of 4.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Annular Cutters cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
An annular cutter is form of core drill used to create holes in metal. An annular cutter, named after the annulus shape, cuts only a groove at the periphery of the hole and leaves a solid core or slug at the center.
In 2024, global Annular Cutters production reached approximately 3.75 million units, with an average global market price of around US$ 34 per unit.
Hougen is the largest manufacturer of global annular cutters market, holds a share over 10%, other key players include Milwaukee, Nitto Kohki, and Fein, etc. Asia-pacific is the largest market, occupied for over 40 percent, followed by Europe.
The annular cutter market shows strong global growth potential, driven by the increasing demand for efficient, precise, and time-saving metal cutting solutions across industries such as construction, shipbuilding, automotive, railways, aerospace, oil & gas, and heavy engineering, as annular cutters-designed to remove only the periphery of a hole rather than the entire material-offer faster drilling speeds, reduced power consumption, extended tool life, and cleaner finishes compared to conventional twist drills, making them an indispensable choice for large-diameter and deep-hole drilling applications; rapid industrialization and urban infrastructure development in Asia-Pacific, the Middle East, and Africa are spurring demand for steel structures, pipelines, and machinery, directly boosting the adoption of magnetic drill machines paired with annular cutters, while mature markets in North America and Europe continue to see steady replacement demand and rising usage in renewable energy projects like wind turbines and offshore platforms; technological innovations such as carbide-tipped and coated annular cutters, offering enhanced wear resistance and the ability to cut high-strength alloys, are further expanding the application scope into aerospace-grade metals and advanced engineering materials; the growing focus on operational efficiency, cost reduction, and workplace safety is encouraging industries to shift from traditional drilling methods toward annular cutters, while the aftermarket for resharpening, re-tipping, and replacement cutters provides recurring revenue opportunities for manufacturers and distributors; e-commerce platforms and global distributor networks are also expanding accessibility, especially for small and medium-sized enterprises; despite competition from conventional drilling tools and the need for higher upfront investment, the clear advantages in productivity, precision, and durability strongly position annular cutters as the preferred drilling solution in both industrial and construction sectors, ensuring steady global market expansion and long-term adoption.
This report aims to provide a comprehensive presentation of the global market for Annular Cutters, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Annular Cutters by region & country, by Type, and by Application.
The Annular Cutters market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Annular Cutters.
Market Segmentation
By Company
- Hougen
- Milwaukee
- Nitto Kohki
- Fein
- BDS
- Ruko
- EVOLUTION
- Zhejiang Xinxing Tools
- DEWALT
- Euroboor
- CHAMPION
- ALFRA
- Powerbor
- KARNASCH
- Lalson
Segment by Type
Segment by Application
- General Industrial
- Construction Industrial
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Annular Cutters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Annular Cutters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Annular Cutters in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Annular Cutters Product Introduction
- 1.2 Global Annular Cutters Market Size Forecast
- 1.2.1 Global Annular Cutters Sales Value (2020-2031)
- 1.2.2 Global Annular Cutters Sales Volume (2020-2031)
- 1.2.3 Global Annular Cutters Sales Price (2020-2031)
- 1.3 Annular Cutters Market Trends & Drivers
- 1.3.1 Annular Cutters Industry Trends
- 1.3.2 Annular Cutters Market Drivers & Opportunity
- 1.3.3 Annular Cutters Market Challenges
- 1.3.4 Annular Cutters Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Annular Cutters Players Revenue Ranking (2024)
- 2.2 Global Annular Cutters Revenue by Company (2020-2025)
- 2.3 Global Annular Cutters Players Sales Volume Ranking (2024)
- 2.4 Global Annular Cutters Sales Volume by Company Players (2020-2025)
- 2.5 Global Annular Cutters Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Annular Cutters Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Annular Cutters Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Annular Cutters
- 2.9 Annular Cutters Market Competitive Analysis
- 2.9.1 Annular Cutters Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Annular Cutters Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Annular Cutters as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 HSS Type
- 3.1.2 TCT Type
- 3.2 Global Annular Cutters Sales Value by Type
- 3.2.1 Global Annular Cutters Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Annular Cutters Sales Value, by Type (2020-2031)
- 3.2.3 Global Annular Cutters Sales Value, by Type (%) (2020-2031)
- 3.3 Global Annular Cutters Sales Volume by Type
- 3.3.1 Global Annular Cutters Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Annular Cutters Sales Volume, by Type (2020-2031)
- 3.3.3 Global Annular Cutters Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Annular Cutters Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 General Industrial
- 4.1.2 Construction Industrial
- 4.1.3 Others
- 4.2 Global Annular Cutters Sales Value by Application
- 4.2.1 Global Annular Cutters Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Annular Cutters Sales Value, by Application (2020-2031)
- 4.2.3 Global Annular Cutters Sales Value, by Application (%) (2020-2031)
- 4.3 Global Annular Cutters Sales Volume by Application
- 4.3.1 Global Annular Cutters Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Annular Cutters Sales Volume, by Application (2020-2031)
- 4.3.3 Global Annular Cutters Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Annular Cutters Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Annular Cutters Sales Value by Region
- 5.1.1 Global Annular Cutters Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Annular Cutters Sales Value by Region (2020-2025)
- 5.1.3 Global Annular Cutters Sales Value by Region (2026-2031)
- 5.1.4 Global Annular Cutters Sales Value by Region (%), (2020-2031)
- 5.2 Global Annular Cutters Sales Volume by Region
- 5.2.1 Global Annular Cutters Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Annular Cutters Sales Volume by Region (2020-2025)
- 5.2.3 Global Annular Cutters Sales Volume by Region (2026-2031)
- 5.2.4 Global Annular Cutters Sales Volume by Region (%), (2020-2031)
- 5.3 Global Annular Cutters Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Annular Cutters Sales Value, 2020-2031
- 5.4.2 North America Annular Cutters Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Annular Cutters Sales Value, 2020-2031
- 5.5.2 Europe Annular Cutters Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Annular Cutters Sales Value, 2020-2031
- 5.6.2 Asia Pacific Annular Cutters Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Annular Cutters Sales Value, 2020-2031
- 5.7.2 South America Annular Cutters Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Annular Cutters Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Annular Cutters Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Annular Cutters Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Annular Cutters Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Annular Cutters Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Annular Cutters Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Annular Cutters Sales Value, 2020-2031
- 6.3.2 United States Annular Cutters Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Annular Cutters Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Annular Cutters Sales Value, 2020-2031
- 6.4.2 Europe Annular Cutters Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Annular Cutters Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Annular Cutters Sales Value, 2020-2031
- 6.5.2 China Annular Cutters Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Annular Cutters Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Annular Cutters Sales Value, 2020-2031
- 6.6.2 Japan Annular Cutters Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Annular Cutters Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Annular Cutters Sales Value, 2020-2031
- 6.7.2 South Korea Annular Cutters Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Annular Cutters Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Annular Cutters Sales Value, 2020-2031
- 6.8.2 Southeast Asia Annular Cutters Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Annular Cutters Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Annular Cutters Sales Value, 2020-2031
- 6.9.2 India Annular Cutters Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Annular Cutters Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Hougen
- 7.1.1 Hougen Company Information
- 7.1.2 Hougen Introduction and Business Overview
- 7.1.3 Hougen Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Hougen Annular Cutters Product Offerings
- 7.1.5 Hougen Recent Development
- 7.2 Milwaukee
- 7.2.1 Milwaukee Company Information
- 7.2.2 Milwaukee Introduction and Business Overview
- 7.2.3 Milwaukee Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Milwaukee Annular Cutters Product Offerings
- 7.2.5 Milwaukee Recent Development
- 7.3 Nitto Kohki
- 7.3.1 Nitto Kohki Company Information
- 7.3.2 Nitto Kohki Introduction and Business Overview
- 7.3.3 Nitto Kohki Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Nitto Kohki Annular Cutters Product Offerings
- 7.3.5 Nitto Kohki Recent Development
- 7.4 Fein
- 7.4.1 Fein Company Information
- 7.4.2 Fein Introduction and Business Overview
- 7.4.3 Fein Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Fein Annular Cutters Product Offerings
- 7.4.5 Fein Recent Development
- 7.5 BDS
- 7.5.1 BDS Company Information
- 7.5.2 BDS Introduction and Business Overview
- 7.5.3 BDS Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 BDS Annular Cutters Product Offerings
- 7.5.5 BDS Recent Development
- 7.6 Ruko
- 7.6.1 Ruko Company Information
- 7.6.2 Ruko Introduction and Business Overview
- 7.6.3 Ruko Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Ruko Annular Cutters Product Offerings
- 7.6.5 Ruko Recent Development
- 7.7 EVOLUTION
- 7.7.1 EVOLUTION Company Information
- 7.7.2 EVOLUTION Introduction and Business Overview
- 7.7.3 EVOLUTION Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 EVOLUTION Annular Cutters Product Offerings
- 7.7.5 EVOLUTION Recent Development
- 7.8 Zhejiang Xinxing Tools
- 7.8.1 Zhejiang Xinxing Tools Company Information
- 7.8.2 Zhejiang Xinxing Tools Introduction and Business Overview
- 7.8.3 Zhejiang Xinxing Tools Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Zhejiang Xinxing Tools Annular Cutters Product Offerings
- 7.8.5 Zhejiang Xinxing Tools Recent Development
- 7.9 DEWALT
- 7.9.1 DEWALT Company Information
- 7.9.2 DEWALT Introduction and Business Overview
- 7.9.3 DEWALT Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 DEWALT Annular Cutters Product Offerings
- 7.9.5 DEWALT Recent Development
- 7.10 Euroboor
- 7.10.1 Euroboor Company Information
- 7.10.2 Euroboor Introduction and Business Overview
- 7.10.3 Euroboor Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Euroboor Annular Cutters Product Offerings
- 7.10.5 Euroboor Recent Development
- 7.11 CHAMPION
- 7.11.1 CHAMPION Company Information
- 7.11.2 CHAMPION Introduction and Business Overview
- 7.11.3 CHAMPION Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 CHAMPION Annular Cutters Product Offerings
- 7.11.5 CHAMPION Recent Development
- 7.12 ALFRA
- 7.12.1 ALFRA Company Information
- 7.12.2 ALFRA Introduction and Business Overview
- 7.12.3 ALFRA Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 ALFRA Annular Cutters Product Offerings
- 7.12.5 ALFRA Recent Development
- 7.13 Powerbor
- 7.13.1 Powerbor Company Information
- 7.13.2 Powerbor Introduction and Business Overview
- 7.13.3 Powerbor Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Powerbor Annular Cutters Product Offerings
- 7.13.5 Powerbor Recent Development
- 7.14 KARNASCH
- 7.14.1 KARNASCH Company Information
- 7.14.2 KARNASCH Introduction and Business Overview
- 7.14.3 KARNASCH Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.14.4 KARNASCH Annular Cutters Product Offerings
- 7.14.5 KARNASCH Recent Development
- 7.15 Lalson
- 7.15.1 Lalson Company Information
- 7.15.2 Lalson Introduction and Business Overview
- 7.15.3 Lalson Annular Cutters Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.15.4 Lalson Annular Cutters Product Offerings
- 7.15.5 Lalson Recent Development
8 Industry Chain Analysis
- 8.1 Annular Cutters Industrial Chain
- 8.2 Annular Cutters Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Annular Cutters Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Annular Cutters Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer