Cutting Tool Inserts Market

In the context of machining, Cutting Tool Inserts are 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, plaining and similar operations, and remove material by means of one cutting edge. Milling and drilling tools are often multipoint tools.
Cutting Tool Inserts Market contains market size and forecasts of Cutting Tool Inserts in global, including the following market information:
Global Cutting Tool Inserts Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Cutting Tool Inserts Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Cutting Tool Inserts companies in 2021 (%)
The global Cutting Tool Inserts market was valued at 12080 million in 2021 and is projected to reach US$ 17630 million by 2028, at a CAGR of 5.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Carbide Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Cutting Tool Inserts include Sandvik, Kennametal, IMC Group, Mitsubishi, Kyocera, Sumitomo, Mapal, Korloy and YG-1, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Cutting Tool Inserts manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cutting Tool Inserts Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Cutting Tool Inserts Market Segment Percentages, by Type, 2021 (%)
Carbide
Ceramics
CBN
Others
Global Cutting Tool Inserts Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Cutting Tool Inserts Market Segment Percentages, by Application, 2021 (%)
Machinery
Automotive
Aerospace
Energy
Others
Global Cutting Tool Inserts Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Cutting Tool Inserts Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Cutting Tool Inserts revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Cutting Tool Inserts revenues share in global market, 2021 (%)
Key companies Cutting Tool Inserts sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Cutting Tool Inserts sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sandvik
Kennametal
IMC Group
Mitsubishi
Kyocera
Sumitomo
Mapal
Korloy
YG-1
Hitachi
ZCCCT
Shanghai Tool
Ingersoll Cutting Tools
Ceratizit
Guhring
Xiamen Golden Erge
North American Carbide
Sandhog
Lovejoy Tool
Certrix-EG
Aloris
Zhuzhou Cemented Carbide Group
OKE
Zhuzhou Huarui
Beijing Worldia Diamond Tools