Metal Cutting Tools Market Size

Metal Cutting Tools Market size was valued at USD 84.36 billion in 2024 and is expected to reach USD 177.74 billion by 2037, registering around 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of metal cutting tools is assessed at USD 88.34 billion..

The metal cutting tools market has been growing progressively due to the continuously rising demand for metals and metal products in the market. According to our reports, finished steel products’ global requirement hiked up to 250 million tons in around 2019. Technological enhancements have also come into play regarding the designing and manufacturing of even finer cutting tools so as to enable enhanced productivity, enhanced results, and cut on waste of time and material when dealing with metal products. The increasing usage of equipment for cutting metals across different industries is also playing a good role in the growth of the market.