
Global Tool Holder Market Research Report: Information by Tool Holder (Collet Chuck, Hydraulic Toolholders, Milling Chucks and others), by Product Type (R8, V-Flange Taper, NMTB, HSK and others), by Machine Type (CNC Machining Center, CNC Turning Center, CNC Lathe and others), by Industry Vertical (Automotive, Aerospace & Defence, Electric & Electronics, Construction, Heavy Engineering and others) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2025
Tool holders are the physical interchangeable interface between machine tool spindle and a cutting tool, which is designed for a specific application and tailored to enhance both, machine performance and operational efficiency.
The machine mount style plays an important role for selection of a proper tool holder.
For smooth machining operations, it is very important that the tool is correctly inserted in the collet and rotates through its cutting path with reduced run-out.
The strict industry regulations, lack of skilled professionals, component reliability issues, and costs associated with the development of tool holders in terms of research acts as a barrier for new market players.
However, growing use of loT for condition-based monitoring of tool holders, technological advancement in tool holder, automatic and semi-automatic machine operations, and developing economies from emerging countries create ample opportunities for the expansion and growth of this market.