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Home » Equipment and Machinery » Diamond Tools Market Size, Share Report

Diamond Tools Market By Solution (Fuel Management, Asset Tracking, Fleet Safety, Fleet Performance Reporting, Diagnostics, Navigation, Equipment/Fleet Maintenance, Others); By Technology (Satellite, Cellular); By Form Factor (Integrated, Embedded, Tethered); By Hardware (Infotainment Display Unit, Telematics Control Unit); By Vehicle Category (Existing Fleet, New Fleet); By End-use (Agriculture, Construction, Mining, Others); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: OCT-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 87844679

The diamond tools market was worth USD 15.2 billion in 2023 and will be worth USD 21.94 billion by 2030, growing at a CAGR of 4.7% during the forecast period.

 

The diamond tools market is on the rise due to the necessity of its application in industries such as construction industry, electronics, and the automotive industries in terms of cutting, grinding and drilling. The market is estimated to rise at a CAGR of about 6% from 2023 to 2030 owing to rising infrastructure projects more specifically in the developing countries like India and China. For instance, diamond saw blade is very popular for cutting concrete and stone because of its efficiency and long lasting in large construction projects. New trends that have emerged in the market include the application of PCD tools which are durable and possess higher cutting velocities, especially in the area of aerospace and automotive industries. Also, advancement in sustainable construction is creating the market for diamond tools due to its durability that cuts the frequency of usage of new abrasives hence reducing the waste material and cost.

 

There are enormous opportunities for the diamond tools market as different sectors including electronics, aerospace and construction require high precision tools. Currently, the market is expected to grow at this pace, with around 6 per cent growth in every year, and the key opportunities exist in emerging markets such as Asia-Pacific due to infrastructure and industrial development. For instance, the increase in the use of diamond coated tools in semiconductor manufacturing area, where accuracy is the key, provides a good prospect. Some of the recent development include new stronger and more cost effective synthetic diamond that has triggered demand for diamond tools in more fields. Furthermore, the trend towards sustainability is another advantage of diamond tools due to their longevity and therefore decreased consumption of material and reuse of waste, including environmentally friendly actions.

 

Market Segmentation

By Tool Type

  • Diamond Grinding Wheels

  • Diamond Cutting Tools

  • Diamond Saw Blades

  • Diamond Drilling Bits

  • Diamond Polishing Pads

 

By Material Type

  • Synthetic Diamond Tools

  • Natural Diamond Tools

  • Polycrystalline Diamond (PCD) Tools

 

By End User

  • Industrial Manufacturing

  • Construction Industry

  • Aerospace Industry

  • Electronics Industry

  • Automotive Industry

  • Mining Industry

 

By Functionality

  • Drilling

  • Polishing

  • Cutting

  • Grinding

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

Asia Pacific currently holds the largest market share in the global diamond tools market and is expected to dominate the market by 2023. This is majorly attributed to expansion in the urban area, infrastructure, and an increase in the manufacturing industries in the countries such as China, India and Japan. For instance, China is the leading manufacturer and market for diamond tools because the nation boasts a high volume of construction projects and a fast-growing automotive industry to bootstrap demand for precision cutting and grinding tools. Recent developments include advancements in synthetic diamond production in the region, which has made diamond tools more affordable and widely used in various industries. Furthermore, the growing application of diamond tools in the electronics industry especially on the manufacture and production of semiconductor helps in driving the Asia-Pacific market to become more dominant.

 

Key Players

  • Diamant Boart

  • Asahi Diamond Industrial Co., Ltd.

  • Ehwa Diamond

  • Husqvarna Group

  • Tyrolit Group

  • Saint-Gobain

  • Hilti Group

  • Norton Abrasives

  • Shinhan Diamond

  • Bosch Power Tools

Frequently Asked Question About This Report

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Table of Contents

1.    DIAMOND TOOL  MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    DIAMOND TOOL MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – DIAMOND TOOL MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Tool Type of DIAMOND TOOL and End Use Outlook Analysis
4.    HISTORIC TRENDS IN DIAMOND TOOL MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA DIAMOND TOOL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America DIAMOND TOOL Historical Market ($MILLION), (2017 – 2023)
6.2. North America DIAMOND TOOL Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Tool Type
6.3.1. Diamond Grinding Wheels
6.3.2. Diamond Cutting Tools
6.3.3. Diamond Saw Blades
6.3.4. Diamond Drilling Bits
6.3.5. Diamond Polishing Pads
6.4. North America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type
6.4.1. Synthetic Diamond Tools
6.4.2. Natural Diamond Tools
6.4.3. Polycrystalline Diamond (PCD) Tools
6.5. North America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By End-use
6.5.1. Industrial Manufacturing
6.5.2. Construction Industry
6.5.3. Aerospace Industry
6.5.4. Electronics Industry
6.5.5. Automotive Industry
6.5.6. Mining Industry
6.6. North America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Functionality
6.6.1. Drilling
6.6.2. Polishing
6.6.3. Cutting
6.6.4. Grinding
6.7. North America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA DIAMOND TOOL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE DIAMOND TOOL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe DIAMOND TOOL Historical Market ($MILLION), (2017 – 2023)
8.2. Europe DIAMOND TOOL Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Tool Type
8.4. Europe DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type
8.5. Europe DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-use
8.6. Europe DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Functionality
8.7. Europe DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC DIAMOND TOOL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC DIAMOND TOOL Historical Market ($MILLION), (2017 – 2023)
9.2. APAC DIAMOND TOOL Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Tool Type
9.4. APAC DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type
9.5. APAC DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-use
9.6. APAC DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Functionality
9.7. APAC DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA DIAMOND TOOL MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America DIAMOND TOOL Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America DIAMOND TOOL Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Tool Type
10.4. Latin America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type
10.5. Latin America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), ByEnd-use
10.6. Latin America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Functionality
10.7. Latin America DIAMOND TOOL Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. Diamant Boart
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Asahi Diamond Industrial Co., Ltd.
11.3. Ehwa Diamond
11.4. Husqvarna Group
11.5. Tyrolit Group
11.6. Saint-Gobain
11.7. Hilti Group
11.8. Norton Abrasives
11.9. Shinhan Diamond
11.10. OTHER MARKET PLAYERS