Global CNC Cutting Tools Rankings 2026
As of 2026-09-18. Latest full-year metal-cutting revenue: Sandvik MIM SEK 47.273bn 1st, Kennametal Metal Cutting USD 1.220bn 2nd, OSG JPY 160.6bn 3rd.
As of 18 September 2026. The main table ranks the latest full-year metal-cutting or CNC-tool revenue each company discloses. Sandvik Machining and Intelligent Manufacturing is 1st at SEK 47,273 million. Kennametal Metal Cutting is 2nd at USD 1,219.7 million. OSG is 3rd at JPY 160.619 billion. Machine tools: global machine tools. Factory automation: industrial automation.
Metal-cutting-related revenue
USD equivalents use about USD 1 = SEK 10.5 = JPY 150 = CNY 7.2, only to rank. Sandvik’s line includes Coromant, Seco, Walter, Dormer Pramet and manufacturing software; the annual report does not split tools out. Kennametal uses Metal Cutting; the group still has Infrastructure. OSG’s group sales are mainly taps, end mills and drills. Mitsubishi Materials uses Metalworking Solutions.
| # | Company / scope | As reported | USD bn equiv. | Fiscal year |
|---|---|---|---|---|
| 1 | Sandvik | SEK 47,273 m | 4.50 | CY2025 |
| 2 | Kennametal | USD 1,219.7 m | 1.22 | FY2025 to 30 Jun 2025 |
| 3 | OSG | JPY 160.619 bn | 1.07 | FY2025 |
| 4 | Mitsubishi Materials | JPY 148.8 bn | 0.99 | to 31 Mar 2025 |
| 5 | ZCC.CT | CNY 20.12 亿 | 0.28 | CY2025 |
| 6 | Huarui | CNY 10.004 亿 | 0.14 | CY2025 |
| 7 | OKE | CNY 8.043 亿 | 0.11 | CY2025 |
How this list is ranked
As of 2026-09-18. The main table uses each company’s latest full-year metal-cutting or CNC-tool revenue as disclosed. Kronor, yen and yuan are converted at about USD 1 = SEK 10.5 = JPY 150 = CNY 7.2, only to rank. Machine tools: global machine tools.
| Source | Snapshot | Scope | Weight |
|---|---|---|---|
| Sandvik 2025 annual report, business areas / report release, Mar 2026 | AR 2025; this page 2026-09-18 | Machining and Intelligent Manufacturing revenue SEK 47,273 million, organic +2%, reported −3%; includes Coromant, Seco, Walter, Dormer Pramet and manufacturing software | Primary |
| Kennametal FY2025 results / Form 10-K | FY to 30 Jun 2025 | Metal Cutting sales USD 1,219.7 million, −5%; group USD 1,966.8 million | Primary |
| OSG FY2025 results | released Jan 2026 | consolidated net sales JPY 160,619 million, +3.3% | Primary |
| Mitsubishi Materials FY Mar 2025 briefing | to 31 Mar 2025 | Metalworking Solutions net sales JPY 148.8 billion, +¥8.7 billion | Primary |
| SSE 688257 CSRC Q&A, Jun 2026 | cites 2025 | ZCC.CT sales CNY 2.012 billion; Xiamen Tungsten cutting tools about CNY 1.3 billion (approx., side table) | Primary (ZCC.CT) |
| Huarui 2025 annual report | filed 22 Apr 2026 | revenue CNY 1.0004 billion, +31.80% | Primary |
| OKE 2025 annual report (Sina reprint) | AR 2025 | CNC-tool product revenue CNY 804.3439 million | Primary |
| Xiamen Tungsten 2025 AR / summary | Apr 2026 | cutting-tool volume +16%, revenue +21%; CMTA: 2025 China cutting-tool imports USD 1.27 billion, exports USD 4.07 billion | Secondary |
Huarui products, 2025
Same annual report, CNY 10,000. Turning inserts 62,145.85; milling inserts 20,328.04; drilling inserts 2,447.20; solid carbide tools 11,525.53. Domestic 91,507.41; overseas 6,649.88.
| Product | Revenue (CNY 10k) | YoY |
|---|---|---|
| Turning inserts | 62,145.85 | +29.43% |
| Milling inserts | 20,328.04 | +41.47% |
| Drilling inserts | 2,447.20 | +22.96% |
| Solid carbide tools | 11,525.53 | +23.37% |
Market context and scopes left off the main table
China Machine Tool & Tool Builders’ Association figures in the Xiamen Tungsten summary: China imported USD 1.27 billion of cutting tools in 2025, +3.25%; exported USD 4.07 billion, +2.26%. Xiamen Tungsten cutting-tool volume +16% and revenue +21%; a Shanghai Stock Exchange Q&A puts group cutting-tool revenue at about CNY 1.3 billion, which the annual-report text does not itemise to the yuan, so it stays here. Plansee Group sales were €2.25 billion in FY2024/25, including molybdenum and Ceratizit. Kyocera Industrial Tools was JPY 285.9 billion in the year to March 2026, including pneumatic tools, after transferring a U.S. industrial-tools distributor. IMC / Iscar does not file a standalone annual report. Construction equipment: global construction equipment.
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CNC Cutting Tools Tier List 2026
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