According to our publisher’s latest study, the global Cutting Tools market size was valued at US$ 23470 million in 2023. With growing demand in downstream market, the Cutting Tools is forecast to a readjusted size of US$ 35570 million by 2030 with a CAGR of 6.1% during review period.
The research report highlights the growth potential of the global Cutting Tools market. Cutting Tools are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Cutting Tools. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Cutting Tools market.
In the context of machining, a cutting tool or cutter is any tool that is used to remove material from the workpiece by means of shear deformation. Cutting may be accomplished by single-point or multipoint tools. Single-point tools are used in turning, shaping, planing and similar operations, and remove material by means of one cutting edge. Machinery Industry and drilling tools are often multipoint tools. Energy Industry tools are also multipoint tools. Each grain of abrasive functions as a microscopic single-point cutting edge (although of high negative rake angle), and shears a tiny chip.
Global cutting tools key players include Sandvik, IMC Group, Mitsubishi, Kennametal, OSG etc. Global top 5 manufacturers hold a share over 40%.
Europe is the largest market, with a share about 30%, followed by North America and China, both have a share over 48% percent.
In terms of product, high speed steel is the largest segment, with a share over 45%. And in terms of application, the largest application is machinery, followed by automotive.
Key Features:
The report on Cutting Tools market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Cutting Tools market. It may include historical data, market segmentation by Type (e.g., Cemented Carbide, High Speed Steel), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Cutting Tools market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Market Drivers:
Rising demand for high-efficiency and performance-cutting tools: The increasing adoption of cutting-edge technologies, such as CNC machines, is driving the demand for high-efficiency and performance-cutting tools.
Growing automotive and aerospace industries: The growth of the automotive and aerospace industries is driving the demand for cutting tools, as these industries require high-quality and precision-cutting tools for their manufacturing processes.
Increasing focus on product customization and miniaturization: The trend towards product customization and miniaturization is driving the demand for cutting tools that can accurately and precisely cut small and complex shapes.
Rising demand for sustainable and eco-friendly cutting tools: The increasing focus on sustainability and environmental concerns is driving the demand for eco-friendly cutting tools that reduce waste and minimize environmental impact.
Market Challenges:
High competition and intense competition: The Cutting Tools market is highly competitive, with many established players and new entrants vying for market share.
Fluctuating raw material prices: The prices of raw materials used in the production of cutting tools, such as steel and carbide, can fluctuate, affecting the profitability of cutting tool manufacturers.
Technological advancements and obsolescence: The rapid pace of technological advancements in cutting tools can lead to obsolescence, making it challenging for manufacturers to keep up with the latest developments.
Regulatory compliance and safety concerns: Cutting tools must comply with various regulations and safety standards, which can be time-consuming and costly for manufacturers.
Global economic uncertainty and trade tensions: Global economic uncertainty and trade tensions can affect the demand for cutting tools and the supply chain, leading to fluctuations in the market.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Cutting Tools market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Cutting Tools industry. This include advancements in Cutting Tools technology, Cutting Tools new entrants, Cutting Tools new investment, and other innovations that are shaping the future of Cutting Tools.
The global cutting tools market has witnessed significant technological advancements in recent years, driven by the increasing demand for high-performance cutting tools and the need for improved machining efficiency. Some of the key technological developments in the global cutting tools market include:
Indexable Tool Technology: Indexable tool technology has become increasingly popular in the cutting tools market, offering improved tool life, reduced downtime, and increased productivity. This technology allows for the use of interchangeable inserts, which can be easily replaced when worn out, reducing the need for tool replacement and minimizing waste.
CNC Machines: Computer Numerical Control (CNC) machines have revolutionized the cutting tools market, enabling precise and efficient machining operations. CNC machines are equipped with advanced software and control systems, allowing for complex machining operations and reduced production times.
Robotics and Automation: The integration of robotics and automation in the cutting tools market has improved machining efficiency and reduced labor costs. Robots can perform repetitive tasks with high precision and accuracy, freeing up human operators to focus on more complex tasks.
3D Printing: Additive manufacturing, also known as 3D printing, has emerged as a significant technological development in the cutting tools market. 3D printing enables the creation of complex geometries and internal structures, reducing the need for traditional machining processes and improving product quality.
Coolant Systems: Advanced coolant systems have been developed to improve cutting tool performance and extend tool life. These systems use advanced fluids and cooling technologies to reduce heat generation and improve chip removal, resulting in improved machining efficiency and reduced tool wear.
Tool Coatings: Tool coatings have become increasingly important in the cutting tools market, providing improved tool life, reduced wear, and increased productivity. Advanced coatings, such as titanium nitride (TiN) and aluminum oxide (Al2O3), offer improved thermal conductivity, corrosion resistance, and wear resistance.
Machine Learning and Artificial Intelligence: The integration of machine learning and artificial intelligence (AI) in the cutting tools market has improved predictive maintenance, optimized machining processes, and reduced downtime. AI-powered systems can analyze machine data and predict potential issues, enabling proactive maintenance and reducing production losses.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Cutting Tools market. It includes factors influencing customer ' purchasing decisions, preferences for Cutting Tools product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Cutting Tools market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Cutting Tools market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Cutting Tools market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Cutting Tools industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Cutting Tools market.
The global cutting tools market is expected to grow at a significant rate, driven by the increasing demand for high-quality products and the need for efficient manufacturing processes. Here are some recommendations and opportunities in the global cutting tools market:
Recommendations:
Invest in Research and Development: Companies should invest in R&D to develop new and innovative cutting tools that can improve efficiency, reduce costs, and enhance product quality.
Diversify Product Portfolio: Companies should diversify their product portfolio to cater to various industries and applications, such as aerospace, automotive, and energy.
Focus on Sustainability: Companies should focus on sustainable manufacturing practices, such as reducing waste and energy consumption, to appeal to environmentally conscious customers.
Develop Strategic Partnerships: Companies should develop strategic partnerships with suppliers, distributors, and customers to improve supply chain efficiency and reduce costs.
Invest in Digitalization: Companies should invest in digitalization, such as Industry 4.0 technologies, to improve manufacturing efficiency, reduce costs, and enhance product quality.
Opportunities:
Growing Demand for High-Quality Products: The demand for high-quality cutting tools is increasing, driven by the need for efficient manufacturing processes and high-quality products.
Increasing Adoption of Automation: The increasing adoption of automation in manufacturing is driving the demand for cutting tools that can work efficiently with automated systems.
Growing Demand from Emerging Markets: Emerging markets, such as Asia-Pacific and Latin America, are driving the demand for cutting tools, driven by rapid industrialization and urbanization.
Advancements in Materials Science: Advancements in materials science are enabling the development of new cutting tools with improved performance, durability, and sustainability.
Growing Demand for Sustainable Products: The growing demand for sustainable products is driving the demand for cutting tools that are environmentally friendly and sustainable.
Market Segmentation:
Cutting Tools market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Cemented Carbide
High Speed Steel
Ceramics
Diamond
Others
Segmentation by application
Machinery
Automotive
Aerospace
Energy
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sandvik
IMC Group
Mitsubishi
Kennametal
OSG
Sumitomo Electric
Mapal
Kyocera
YG-1
Nachi-Fujikoshi
ZCC·CT
Union Tool
Korloy
LMT
Ceratizit
Jiangsu Tiangong Tools Co., Ltd.
Shanghai Tool Works Co., Ltd.
OKE Precision Cutting Tools Co., Ltd.
Guhring
Tivoly
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cutting Tools market?
What factors are driving Cutting Tools market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cutting Tools market opportunities vary by end market size?
How does Cutting Tools break out type, application?
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Table of Contents
- 1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Years Considered
- 1.3 Research Objectives
- 1.4 Market Research Methodology
- 1.5 Research Process and Data Source
- 1.6 Economic Indicators
- 1.7 Currency Considered
- 1.8 Market Estimation Caveats
- 2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Cutting Tools Annual Sales 2019-2030
- 2.1.2 World Current & Future Analysis for Cutting Tools by Geographic Region, 2019, 2023 & 2030
- 2.1.3 World Current & Future Analysis for Cutting Tools by Country/Region, 2019, 2023 & 2030
- 2.2 Cutting Tools Segment by Type
- 2.2.1 Cemented Carbide
- 2.2.2 High Speed Steel
- 2.2.3 Ceramics
- 2.2.4 Diamond
- 2.2.5 Others
- 2.3 Cutting Tools Sales by Type
- 2.3.1 Global Cutting Tools Sales Market Share by Type (2019-2024)
- 2.3.2 Global Cutting Tools Revenue and Market Share by Type (2019-2024)
- 2.3.3 Global Cutting Tools Sale Price by Type (2019-2024)
- 2.4 Cutting Tools Segment by Application
- 2.4.1 Machinery
- 2.4.2 Automotive
- 2.4.3 Aerospace
- 2.4.4 Energy
- 2.4.5 Others
- 2.5 Cutting Tools Sales by Application
- 2.5.1 Global Cutting Tools Sale Market Share by Application (2019-2024)
- 2.5.2 Global Cutting Tools Revenue and Market Share by Application (2019-2024)
- 2.5.3 Global Cutting Tools Sale Price by Application (2019-2024)
- 3 Global Cutting Tools by Company
- 3.1 Global Cutting Tools Breakdown Data by Company
- 3.1.1 Global Cutting Tools Annual Sales by Company (2019-2024)
- 3.1.2 Global Cutting Tools Sales Market Share by Company (2019-2024)
- 3.2 Global Cutting Tools Annual Revenue by Company (2019-2024)
- 3.2.1 Global Cutting Tools Revenue by Company (2019-2024)
- 3.2.2 Global Cutting Tools Revenue Market Share by Company (2019-2024)
- 3.3 Global Cutting Tools Sale Price by Company
- 3.4 Key Manufacturers Cutting Tools Producing Area Distribution, Sales Area, Product Type
- 3.4.1 Key Manufacturers Cutting Tools Product Location Distribution
- 3.4.2 Players Cutting Tools Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
- 4 World Historic Review for Cutting Tools by Geographic Region
- 4.1 World Historic Cutting Tools Market Size by Geographic Region (2019-2024)
- 4.1.1 Global Cutting Tools Annual Sales by Geographic Region (2019-2024)
- 4.1.2 Global Cutting Tools Annual Revenue by Geographic Region (2019-2024)
- 4.2 World Historic Cutting Tools Market Size by Country/Region (2019-2024)
- 4.2.1 Global Cutting Tools Annual Sales by Country/Region (2019-2024)
- 4.2.2 Global Cutting Tools Annual Revenue by Country/Region (2019-2024)
- 4.3 Americas Cutting Tools Sales Growth
- 4.4 APAC Cutting Tools Sales Growth
- 4.5 Europe Cutting Tools Sales Growth
- 4.6 Middle East & Africa Cutting Tools Sales Growth
- 5 Americas
- 5.1 Americas Cutting Tools Sales by Country
- 5.1.1 Americas Cutting Tools Sales by Country (2019-2024)
- 5.1.2 Americas Cutting Tools Revenue by Country (2019-2024)
- 5.2 Americas Cutting Tools Sales by Type
- 5.3 Americas Cutting Tools Sales by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Brazil
- 6 APAC
- 6.1 APAC Cutting Tools Sales by Region
- 6.1.1 APAC Cutting Tools Sales by Region (2019-2024)
- 6.1.2 APAC Cutting Tools Revenue by Region (2019-2024)
- 6.2 APAC Cutting Tools Sales by Type
- 6.3 APAC Cutting Tools Sales by Application
- 6.4 China
- 6.5 Japan
- 6.6 South Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 China Taiwan
- 7 Europe
- 7.1 Europe Cutting Tools by Country
- 7.1.1 Europe Cutting Tools Sales by Country (2019-2024)
- 7.1.2 Europe Cutting Tools Revenue by Country (2019-2024)
- 7.2 Europe Cutting Tools Sales by Type
- 7.3 Europe Cutting Tools Sales by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 8 Middle East & Africa
- 8.1 Middle East & Africa Cutting Tools by Country
- 8.1.1 Middle East & Africa Cutting Tools Sales by Country (2019-2024)
- 8.1.2 Middle East & Africa Cutting Tools Revenue by Country (2019-2024)
- 8.2 Middle East & Africa Cutting Tools Sales by Type
- 8.3 Middle East & Africa Cutting Tools Sales by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
- 9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers & Growth Opportunities
- 9.2 Market Challenges & Risks
- 9.3 Industry Trends
- 10 Manufacturing Cost Structure Analysis
- 10.1 Raw Material and Suppliers
- 10.2 Manufacturing Cost Structure Analysis of Cutting Tools
- 10.3 Manufacturing Process Analysis of Cutting Tools
- 10.4 Industry Chain Structure of Cutting Tools
- 11 Marketing, Distributors and Customer
- 11.1 Sales Channel
- 11.1.1 Direct Channels
- 11.1.2 Indirect Channels
- 11.2 Cutting Tools Distributors
- 11.3 Cutting Tools Customer
- 12 World Forecast Review for Cutting Tools by Geographic Region
- 12.1 Global Cutting Tools Market Size Forecast by Region
- 12.1.1 Global Cutting Tools Forecast by Region (2025-2030)
- 12.1.2 Global Cutting Tools Annual Revenue Forecast by Region (2025-2030)
- 12.2 Americas Forecast by Country
- 12.3 APAC Forecast by Region
- 12.4 Europe Forecast by Country
- 12.5 Middle East & Africa Forecast by Country
- 12.6 Global Cutting Tools Forecast by Type
- 12.7 Global Cutting Tools Forecast by Application
- 13 Key Players Analysis
- 13.1 Sandvik
- 13.1.1 Sandvik Company Information
- 13.1.2 Sandvik Cutting Tools Product Portfolios and Specifications
- 13.1.3 Sandvik Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.1.4 Sandvik Main Business Overview
- 13.1.5 Sandvik Latest Developments
- 13.2 IMC Group
- 13.2.1 IMC Group Company Information
- 13.2.2 IMC Group Cutting Tools Product Portfolios and Specifications
- 13.2.3 IMC Group Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.2.4 IMC Group Main Business Overview
- 13.2.5 IMC Group Latest Developments
- 13.3 Mitsubishi
- 13.3.1 Mitsubishi Company Information
- 13.3.2 Mitsubishi Cutting Tools Product Portfolios and Specifications
- 13.3.3 Mitsubishi Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.3.4 Mitsubishi Main Business Overview
- 13.3.5 Mitsubishi Latest Developments
- 13.4 Kennametal
- 13.4.1 Kennametal Company Information
- 13.4.2 Kennametal Cutting Tools Product Portfolios and Specifications
- 13.4.3 Kennametal Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.4.4 Kennametal Main Business Overview
- 13.4.5 Kennametal Latest Developments
- 13.5 OSG
- 13.5.1 OSG Company Information
- 13.5.2 OSG Cutting Tools Product Portfolios and Specifications
- 13.5.3 OSG Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.5.4 OSG Main Business Overview
- 13.5.5 OSG Latest Developments
- 13.6 Sumitomo Electric
- 13.6.1 Sumitomo Electric Company Information
- 13.6.2 Sumitomo Electric Cutting Tools Product Portfolios and Specifications
- 13.6.3 Sumitomo Electric Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.6.4 Sumitomo Electric Main Business Overview
- 13.6.5 Sumitomo Electric Latest Developments
- 13.7 Mapal
- 13.7.1 Mapal Company Information
- 13.7.2 Mapal Cutting Tools Product Portfolios and Specifications
- 13.7.3 Mapal Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.7.4 Mapal Main Business Overview
- 13.7.5 Mapal Latest Developments
- 13.8 Kyocera
- 13.8.1 Kyocera Company Information
- 13.8.2 Kyocera Cutting Tools Product Portfolios and Specifications
- 13.8.3 Kyocera Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.8.4 Kyocera Main Business Overview
- 13.8.5 Kyocera Latest Developments
- 13.9 YG-1
- 13.9.1 YG-1 Company Information
- 13.9.2 YG-1 Cutting Tools Product Portfolios and Specifications
- 13.9.3 YG-1 Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.9.4 YG-1 Main Business Overview
- 13.9.5 YG-1 Latest Developments
- 13.10 Nachi-Fujikoshi
- 13.10.1 Nachi-Fujikoshi Company Information
- 13.10.2 Nachi-Fujikoshi Cutting Tools Product Portfolios and Specifications
- 13.10.3 Nachi-Fujikoshi Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.10.4 Nachi-Fujikoshi Main Business Overview
- 13.10.5 Nachi-Fujikoshi Latest Developments
- 13.11 ZCC·CT
- 13.11.1 ZCC·CT Company Information
- 13.11.2 ZCC·CT Cutting Tools Product Portfolios and Specifications
- 13.11.3 ZCC·CT Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.11.4 ZCC·CT Main Business Overview
- 13.11.5 ZCC·CT Latest Developments
- 13.12 Union Tool
- 13.12.1 Union Tool Company Information
- 13.12.2 Union Tool Cutting Tools Product Portfolios and Specifications
- 13.12.3 Union Tool Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.12.4 Union Tool Main Business Overview
- 13.12.5 Union Tool Latest Developments
- 13.13 Korloy
- 13.13.1 Korloy Company Information
- 13.13.2 Korloy Cutting Tools Product Portfolios and Specifications
- 13.13.3 Korloy Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.13.4 Korloy Main Business Overview
- 13.13.5 Korloy Latest Developments
- 13.14 LMT
- 13.14.1 LMT Company Information
- 13.14.2 LMT Cutting Tools Product Portfolios and Specifications
- 13.14.3 LMT Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.14.4 LMT Main Business Overview
- 13.14.5 LMT Latest Developments
- 13.15 Ceratizit
- 13.15.1 Ceratizit Company Information
- 13.15.2 Ceratizit Cutting Tools Product Portfolios and Specifications
- 13.15.3 Ceratizit Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.15.4 Ceratizit Main Business Overview
- 13.15.5 Ceratizit Latest Developments
- 13.16 Jiangsu Tiangong Tools Co., Ltd.
- 13.16.1 Jiangsu Tiangong Tools Co., Ltd. Company Information
- 13.16.2 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Product Portfolios and Specifications
- 13.16.3 Jiangsu Tiangong Tools Co., Ltd. Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.16.4 Jiangsu Tiangong Tools Co., Ltd. Main Business Overview
- 13.16.5 Jiangsu Tiangong Tools Co., Ltd. Latest Developments
- 13.17 Shanghai Tool Works Co., Ltd.
- 13.17.1 Shanghai Tool Works Co., Ltd. Company Information
- 13.17.2 Shanghai Tool Works Co., Ltd. Cutting Tools Product Portfolios and Specifications
- 13.17.3 Shanghai Tool Works Co., Ltd. Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.17.4 Shanghai Tool Works Co., Ltd. Main Business Overview
- 13.17.5 Shanghai Tool Works Co., Ltd. Latest Developments
- 13.18 OKE Precision Cutting Tools Co., Ltd.
- 13.18.1 OKE Precision Cutting Tools Co., Ltd. Company Information
- 13.18.2 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Product Portfolios and Specifications
- 13.18.3 OKE Precision Cutting Tools Co., Ltd. Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.18.4 OKE Precision Cutting Tools Co., Ltd. Main Business Overview
- 13.18.5 OKE Precision Cutting Tools Co., Ltd. Latest Developments
- 13.19 Guhring
- 13.19.1 Guhring Company Information
- 13.19.2 Guhring Cutting Tools Product Portfolios and Specifications
- 13.19.3 Guhring Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.19.4 Guhring Main Business Overview
- 13.19.5 Guhring Latest Developments
- 13.20 Tivoly
- 13.20.1 Tivoly Company Information
- 13.20.2 Tivoly Cutting Tools Product Portfolios and Specifications
- 13.20.3 Tivoly Cutting Tools Sales, Revenue, Price and Gross Margin (2019-2024)
- 13.20.4 Tivoly Main Business Overview
- 13.20.5 Tivoly Latest Developments
- 14 Research Findings and Conclusion
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