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 aims to provide a comprehensive presentation of the global market for Cutting Tool Inserts, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cutting Tool Inserts. 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, 2018-2023, 2024-2029, ($ millions)
- Global Cutting Tool Inserts Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Cutting Tool Inserts companies in 2022 (%)
The global Cutting Tool Inserts market was valued at US$ 12080 million in 2022 and is projected to reach US$ 17630 million by 2029, at a CAGR of 5.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Europe is the largest Cutting Tool Inserts market with about 29% market share. China is follower, accounting for about 25% market share.The key manufacturers are Sandvik, Kennametal, Iscar, 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 etc. Top 3 companies occupied about 29% market share.
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, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Cutting Tool Inserts Market Segment Percentages, by Type, 2022 (%)
Carbide
Global Cutting Tool Inserts Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Cutting Tool Inserts Market Segment Percentages, by Application, 2022 (%)
- Machinery
- Automotive
- Aerospace
- Energy
- Others
Global Cutting Tool Inserts Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Cutting Tool Inserts Market Segment Percentages, By Region and Country, 2022 (%)
- 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, 2018-2023 (Estimated), ($ millions)
- Key companies Cutting Tool Inserts revenues share in global market, 2022 (%)
- Key companies Cutting Tool Inserts sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Cutting Tool Inserts sales share in global market, 2022 (%)
- 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
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Cutting Tool Inserts, market overview.
- Chapter 2: Global Cutting Tool Inserts market size in revenue and volume.
- Chapter 3: Detailed analysis of Cutting Tool Inserts manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Cutting Tool Inserts in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global Cutting Tool Inserts capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
Industry Market Size
