A collet chuck is an alternate work holding device that also uses mechanical forces to hold a workpiece. While a collet chuck does not work with the same wide range of workpiece sizes that a jaw chuck can accommodate, it offers advantages in speed, accuracy, and productivity that may be crucial for certain jobs.

The collet can be squeezed against a matching taper such that its inner surface contracts to a slightly smaller diameter, squeezing the tool or workpiece to hold it securely. Most often the collet is made of spring steel, with one or more kerf cuts along its length to allow it to expand and contract.