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Metal Cutting Tools in the US Procurement Price, Data and Insights
Metal cutting tools include boring tools, hob cutters, reamers, pipe cutters, screw machine drills and metal slitting saws. The primary suppliers of metal cutting tools are manufacturers, wholesalers and retailers. The key buyers include manufacturers, machine shop service providers and construction firms.
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What’s included in this market coverage
IBISWorld's research coverage on the Metal Cutting Tools procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Metal Cutting Tools market in the United States includes Metal Slitting Saw, Pipe Cutter, Reamer, Boring Tool, Screw Machine Drill and Hacksaw. Standard coding in this coverage includes HS-8207-Tools, Interchangeable; For Hand Tools, Whether Or Not Power-Operated, Or For Machine Tools (Pressing, Stamping, Punching, Drilling Etc), Including Dies For Drawing Or Extruding Metal, And Rock Drill, ISIC-2593-Manufacture of cutlery, hand tools and general hardware, NACE-25.73-Manufacture Of Tools, NAICS-333515-Cutting Tool and Machine Tool Accessory Manufacturing and UNSPSC-23241600-Metal cutting tools.
What common market terminology is included?
Common market terminology included in the Metal Cutting Tools procurement coverage includes Hob Cutter (A specialized bit designed for cutting teeth and grooves into gears.), Extension Bit (An object that can be attached to a drill bit to extend its length.), Shear (A device used to cut through materials.) and Carbide (A chemical compound consisting of carbon and a metal.).
What companies are included as top suppliers?
The top companies covered in the Metal Cutting Tools procurement report as suppliers are Mcmaster-Carr Supply Company, Sandvik Ab, Kyocera Corp, Techtronic Industries Co Ltd and Stanley Black & Decker, Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Metal Cutting Tools market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per tool, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Metal Cutting Tools market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Metal Cutting Tools procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Metal Cutting Tools market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Metal Cutting Tools market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Metal Cutting Tools?
The 2026 benchmark market price for Metal Cutting Tools is $67.76 per tool. Prices have increased at a CAGR of 2.96 from 2023-26.
Who are the top vendors in the Metal Cutting Tools market?
The top vendors in the Metal Cutting Tools market include Mcmaster-Carr Supply Company, Sandvik Ab, Kyocera Corp, Techtronic Industries Co Ltd and Stanley Black & Decker, Inc..
What industries supply the Metal Cutting Tools market?
The top industries supplying the Metal Cutting Tools market are Ferrous Metal Foundry Products in the US, Steel Rolling & Drawing in the US, Gasoline & Petroleum Wholesaling in the US, Petroleum Refining in the US, Lubricant Oil Manufacturing in the US, Petrochemical Manufacturing in the US, Nonferrous Metal Foundry Products Manufacturing in the US, Aluminum Manufacturing in the US, Screw, Nut & Bolt Manufacturing in the US and Iron & Steel Manufacturing in the US.
What is the supply chain risk for Metal Cutting Tools?
The high level of supply chain risk and dependence on imports requires that buyers devote attention to supply chain risk management. Metal cutting tools is subject to a high level of supply chain risk as metal cutting tools require a wide range of raw material inputs. The high level of supply chain risk harms buyer power as buyers face the risk of price increases or supply disruptions arising out of supply chain events. To minimize the risk of price spikes and shortages, buyers should ask suppliers detailed questions on how they assess and manage supply chain risk. Buyers may also want to consider adopting a multi-vendor strategy and keeping a stockpile. Finally, the dependence of the United States on imports of metal cutting tools raises additional risks as disruptions to shipping could impact supply.
What factors affect the price of Metal Cutting Tools?
Some types of metal cutting tools cost more than others; for example, reamers and slitting saws cost more than hacksaws.
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