Tool Holder Collets Market Size & Share, by Product Type (Solid Collet, Spring Collet); Configurations (Fixed Size, Variable Size); Application (Woodworking & Carpentry; Metalworking & Fabrication); End User (Residential, Commercial, Industrial, Automotive & Transportation, Oil & Gas, Energy & Power, Consumer Goods, Electronics, Defense & Aerospace) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5409
  • Published Date: Nov 28, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Tool Holder Collets Market size is estimated to reach USD 2 Billion by the end of 2036, growing at a CAGR of 4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of tool holder collets was USD 1 Billion. The growth of the market can be attributed to the rising adoption of automation in manufacturing facilities. With the growing integration of automation in the factories, the cost of labor is reduced and productivity is improved followed by greater accuracy in the production, which has increased the demand for tool holder collets. Moreover, it plays an important role in the automation machining by holding the cutting tools in place. Currently, around 67% of businesses employ business process automation to improve efficiency and automate their day-to-day routine tasks. Moreover, nearly 31% of businesses have completely computerized at least one major function.

In addition to these, factors that are believed to fuel the growth of tool holder collets market include the rising demand for new commercial aircraft, since the air traffic has drastically increased since the pandemic. In 2022, around the world air traffic demand for travelers surged by over sixty percent over the same period last year, while passenger demand grew by almost twenty-two percent over the previous year. According to the International Air Transport Association, worldwide air traffic will reach more than 95% of pre-pandemic levels by the end of 2023, with approximately 4.35 billion people scheduled to travel in 2023, up from 4 billion in 2019. Precision measurements and tight tolerances guarantee that parts are made to exact requirements lowering the chance of failure and improving overall safety in aerospace applications.

Tool Holder Collets Market
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Tool Holder Collets Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

~ USD 1 Billion

Forecast Year Market Size (2036)

~ USD 2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Tool Holder Collets Sector: Growth Drivers and Challenges


Growth Drivers

  • Growing Investment in Housing and Commercial Infrastructure Development- Tool holder collets have a crucial role in the construction industry since it is used in reducing the chatter and vibration during the drilling and cutting. This improves the life of both tool and machinery, which increase the efficiency of the construction process and will make it even more cost-effective. In accordance with the OECD, overall worldwide infrastructure investment needs for transportation, power generation, distribution and transmission of energy, water, and telecommunications are expected to exceed USD 71 trillion by 2030. From 2007 to 2030, this amount represents around 3.5% of global GDP.
  • Rising Integration of Computer Numeric Control in Machinery- The purpose of CNC machines is fulfilled by relying on the tool positioning on the exact points and giving accurate movements. This will carry out complicated actions automatically. Therefore, this increases the need for tool holder collects, as they are necessary for holding the cutting tools securely in place in the CNC machines and providing consistent machining and delivery preciseness.
  • Increasing Demand for Portable Healthcare Devices- The use of wireless portable medical devices, has found applications for various medical purposes, such as diagnosis, medical therapeutics, monitoring, fitness and wellness, and others. This application has been proven to be very effective in taking care of the need for advanced healthcare services. The growing population of the world, rapidly aging population, improved levels of income, and increasing focus on remote patient monitoring devices are expected to increase the demand for portable and compact medical devices. The transition of people from hospital to home care has motivated healthcare manufacturers to develop home-care devices, which are usually smaller in size. People suffering from noncommunicable diseases can better self-monitor their vitals by using medical equipment and wearables at home.


  • Occurrence of Friction in the Tool Holder Collet- Friction deprives the ER collet system of clamping pressure and can result in unorthodox cutting tool run-out. Friction exists between all contact points of the ER tool holder installation, particularly among the screws of the collet nut and the tool holder, as well as among the collet nut and the collet's 30° face. This is a major factor that is challenging the tool holder collets market growth, however, it can be tackled by integrating cheater bars, as it overcomes the friction in the tool holder collets.
  • Tool holder collets are generally sold in sets, which imposes extra expenditure for the customer
  • Frequent need for the maintenance of the tool holder collets

Tool Holder Collets Segmentation

Product Type (Solid Collet, Spring Collet)

The spring collet segment in the tool holder collets market is estimated to gain the largest revenue share of about 60% in the year 2036. The growth of the segment can be attributed to the higher precision of the spring collets. For holding a cutting tool, the spring collets provide great accuracy. This accuracy is hugely important for several applications, such as precision manufacturing and manufacturing that need high tolerance. With the evolution of things such as electronic devices, autos, and medical devices, their sizes are becoming smaller and more sophisticated, and the need for precision parts is rising. With the evolution of things such as electronic devices, autos, and medical devices, their sizes are becoming smaller and more sophisticated. As firms build more products with intricate shapes or even tiny details that are impossible to assemble together, many are resorting to precision manufacturing's capabilities and benefits.

End User (Residential, Commercial, Industrial, Automotive & Transportation, Oil & Gas, Energy & Power, Consumer Goods, Electronics, Defense & Aerospace)

The automotive & transportation segment is expected to hold 30% share of the global tool holder collets market by 2036. The growth of the segment is majorly attributed to the growing demand for vehicles in the world and the growing production of electric vehicles. As people's incomes rise, so does their fondness for automobiles. The greater the availability and efficacy of public transport, the lesser the demand for private vehicles. Petrol and automotive demand are linked. Furthermore, in the electric car category, over 10 million electric cars were sold worldwide in 2022, with sales predicted to increase by 35% this year to 14 million as per the data released by the International Energy Agency.

Our in-depth analysis of the global market includes the following segments:

          Product Type

  • Solid Collet
  • Spring Collet


  • Fixed Size
  • Variable Size


  • Woodworking & Carpentry
  • Metalworking & Fabrication

          End User

  • Residential
  • Commercial
  • Industrial
  • Automotive & Transportation
  • Oil & Gas
  • Energy & Power
  • Consumer Goods
  • Electronics
  • Defense & Aerospace

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Tool Holder Collets Industry - Regional Synopsis

North American Market Forecast

The tool holder collets market in North America is projected to be the largest with a share of about 35% by the end of 2036. The growth of the market can be attributed majorly to the expanding base of manufacturing and higher adoption of advanced manufacturing in the region. As of 2022, there were around 630,000 manufacturing enterprises in the United States, a 1% increase from 2021. Moreover, the overall number of enterprises in the manufacturing industry in the United States increased by 1.0% each year during the period between 2017 and 2022.

European Market Statistics

The European tool holder collets market is estimated to be the second largest, registering a share of about 28% by the end of 2036. The growth of the tool holder collets market can be attributed majorly to the increasing production of machine tools. The most recent data indicate that the machinery and equipment sector has shown a strong rebound, estimating a 12% growth in 2021 over 2020 levels. Furthermore, amid the rebound in overseas orders, Europe anticipates an upsurge in machinery tools (MT) exports, with our first prediction indicating around a 9% rise by 2022. MT imports are predicted to expand at a somewhat quicker rate, of roughly 12% in 2022.

Research Nester
Tool Holder Collets Market Size
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Companies Dominating the Tool Holder Collets Landscape

    • GDP | GUHDO
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Sandvik AB
    • Bilz Werkzeugfabrik GmbH & Co. KG
    • Gem Precision Tool
    • Kennametal, Sandvik Coromant
    • KTA Spindle Toolings
    • Kato MFG.Co.Ltd.
    • Walter Dunner SA
    • Robert Bosch GmbH
    • Curran Manufacturing Corporation


In The News

  • Sandvik AB has announced the complete acquirement of Chuzhou Yongpu Carbide Tools Co., Ltd. Sandvik has finalized the previously announced takeover of 67% of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based premium solid round tools firm, with a three-year call option to purchase the remaining 67%. For the fiscal year Q2 2020 to Q1 2021, the company had revenues with a profit margin of EBIT slightly lower than Sandvik Manufacturing and Machining Solutions. The immediate impact on earnings per share will be neutral.
  • GDP|GUHDO has launched an attractively affordable starter package that offers significant discounts on high-quality tools. This set contains 8 HSK tool holders (option based on collet style selected (SYOZ, ER40, or ER32), 8 collets, 14 solid carbide bits, and 10 drill bits in the sizes required. A tool setup fixture, pressure instrument, and an obstruction board cutter placed on a heat shrink tool holder are all included in the starter kit.

Author Credits:  Rushikesh, Richa Gupta

  • Report ID: 5409
  • Published Date: Nov 28, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for advanced manufacturing equipment, and rising demand for commercial aircraft are the major factors driving the market growth.

The market size of tool holder collets is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2024-2036.

The major players in the market are GDP|GUHDO, Sandvik AB, Bilz Werkzeugfabrik GmbH & Co. KG, Gem Precision Tool, Kennametal, Sandvik Coromant, KTA Spindle Toolings, CERATIZIT, Kato MFG.Co.Ltd., Walter Dunner SA, Robert Bosch GmbH, Curran Manufacturing Corporation

The automotive & transportation segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Tool Holder Collets Market Report Scope

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