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Stock impact report

Automation Spurs Tool Holders Market Growth, Reaching USD 2,049.5 Million by 2033 | Future Market Insights, Inc. [Yahoo! Finance]

Kennametal Inc. (KMT) 
Last kennametal inc. earnings: 2/3 04:01 pm Check Earnings Report
US:NYSE Investor Relations: kennametal.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
The demand for tool holders is anticipated to increase as infrastructure projects pick up in developing nations like Brazil, India, and others, which may fuel the market's expansion. By 2050, it is expected that more people may live in cities worldwide, which may increase demand for tool holders in the automotive and aerospace industries. NEWARK, DE / ACCESSWIRE / December 4, 2024 / According to a Future Market Insights (FMI), the global tool holders market is on track for significant growth, with an estimated annual growth rate of 5.2% in 2023 , leading to a projected market value of USD 1,234.5 Million by year-end. By , this market is expected to expand further, reaching approximately USD 2,049.5 Million . Tool holders are essential components in precision-driven automated processes, ensuring the seamless operation of high-speed tools such as drills, taps, and milling cutters. The Role of Tool Holders in Precision Automation: Tool holders act as the critical interface between Show less Read more
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