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Global Cutting Tool Inserts Market 2024-2028

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ksm 24.11.15

Cutting Tool Inserts Market 2024-2028

The cutting tool inserts market is forecasted to grow by USD 2116.7 mn during 2023-2028, accelerating at a CAGR of 5.8% during the forecast period. The report on the cutting tool inserts market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in demand for fabricated parts, rise in construction activities in emerging nations of apac, and increasing need to develop superior quality products.

Market Scope
Base Year2024
End Year2028
Series Year2024-2028
Growth MomentumAccelerate
YOY 20245.4%
CAGR5.8%
Incremental Value$2116.7 mn

Technavio's cutting tool inserts market is segmented as below:

By Application

    • Milling tool inserts
    • Drilling tool inserts
    • Rotary tool inserts
    • Turning tool inserts
    • Others

By Type

    • Carbide tool inserts
    • CBN inserts
    • Ceramic inserts
    • Others

By Geographical Landscape

    • APAC
    • Europe
    • North America
    • South America
    • Middle East and Africa

This study identifies the introduction of additive manufacturing as one of the prime reasons driving the cutting tool inserts market growth during the next few years. Also, use of rotary turning in high-temperature alloys in aerospace industry and advances in high-speed steel cutting tool inserts will lead to sizable demand in the market.

The report on the cutting tool inserts market covers the following areas:

    • Cutting Tool Inserts Market sizing
    • Cutting Tool Inserts Market forecast
    • Cutting Tool Inserts Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cutting tool inserts market vendors that include ARCH Cutting Tools, Asahi Diamond Industrial Co. Ltd., B.R. Meccanica Italy, CERATIZIT SA, Compagnie de Saint-Gobain S.A., Element Six UK Ltd., ILJIN Diamond Co. Ltd., IMC BV, Kennametal Inc., Knight Carbide Inc., KYOCERA Corp., LOVEJOY Tool Co. Inc., Mitsubishi Materials Corp., NACHI FUJIKOSHI Corp., NanoDiamond Products DAC, Sandvik AB, Sumitomo Corp., Tomei Diamond Co. Ltd., Tungaloy Corp., and Tyrolit Schleifmittelwerke Swarovski KG. Also, the cutting tool inserts market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market By Geographical Landscape
    • Executive Summary - Chart on Market Segmentation by Application
    • Executive Summary - Chart on Market Segmentation by Type
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
  • 3.4 Market outlook: Forecast for 2023-2028
    • Chart on Global - Market size and forecast 2023-2028 ($ million)
    • Data Table on Global - Market size and forecast 2023-2028 ($ million)
    • Chart on Global Market: Year-over-year growth 2023-2028 (%)
    • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

  • 4.1 Global Cutting Tool Inserts Market 2018 - 2022
    • Historic Market Size - Data Table on Global Cutting Tool Inserts Market 2018 - 2022 ($ million)
  • 4.2 Application segment analysis 2018 - 2022
    • Historic Market Size - Application Segment 2018 - 2022 ($ million)
  • 4.3 Type segment analysis 2018 - 2022
    • Historic Market Size - Type Segment 2018 - 2022 ($ million)
  • 4.4 Geography segment analysis 2018 - 2022
    • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
  • 4.5 Country segment analysis 2018 - 2022
    • Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Five forces analysis - Comparison between 2023 and 2028
  • 5.2 Bargaining power of buyers
    • Bargaining power of buyers - Impact of key factors 2023 and 2028
  • 5.3 Bargaining power of suppliers
    • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
  • 5.4 Threat of new entrants
    • Threat of new entrants - Impact of key factors in 2023 and 2028
  • 5.5 Threat of substitutes
    • Threat of substitutes - Impact of key factors in 2023 and 2028
  • 5.6 Threat of rivalry
    • Threat of rivalry - Impact of key factors in 2023 and 2028
  • 5.7 Market condition
    • Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

  • 6.1 Market segments
    • Chart on Application - Market share 2023-2028 (%)
    • Data Table on Application - Market share 2023-2028 (%)
  • 6.2 Comparison by Application
    • Chart on Comparison by Application
    • Data Table on Comparison by Application
  • 6.3 Milling tool inserts - Market size and forecast 2023-2028
    • Chart on Milling tool inserts - Market size and forecast 2023-2028 ($ million)
    • Data Table on Milling tool inserts - Market size and forecast 2023-2028 ($ million)
    • Chart on Milling tool inserts - Year-over-year growth 2023-2028 (%)
    • Data Table on Milling tool inserts - Year-over-year growth 2023-2028 (%)
  • 6.4 Drilling tool inserts - Market size and forecast 2023-2028
    • Chart on Drilling tool inserts - Market size and forecast 2023-2028 ($ million)
    • Data Table on Drilling tool inserts - Market size and forecast 2023-2028 ($ million)
    • Chart on Drilling tool inserts - Year-over-year growth 2023-2028 (%)
    • Data Table on Drilling tool inserts - Year-over-year growth 2023-2028 (%)
  • 6.5 Rotary tool inserts - Market size and forecast 2023-2028
    • Chart on Rotary tool inserts - Market size and forecast 2023-2028 ($ million)
    • Data Table on Rotary tool inserts - Market size and forecast 2023-2028 ($ million)
    • Chart on Rotary tool inserts - Year-over-year growth 2023-2028 (%)
    • Data Table on Rotary tool inserts - Year-over-year growth 2023-2028 (%)
  • 6.6 Turning tool inserts - Market size and forecast 2023-2028
    • Chart on Turning tool inserts - Market size and forecast 2023-2028 ($ million)
    • Data Table on Turning tool inserts - Market size and forecast 2023-2028 ($ million)
    • Chart on Turning tool inserts - Year-over-year growth 2023-2028 (%)
    • Data Table on Turning tool inserts - Year-over-year growth 2023-2028 (%)
  • 6.7 Others - Market size and forecast 2023-2028
    • Chart on Others - Market size and forecast 2023-2028 ($ million)
    • Data Table on Others - Market size and forecast 2023-2028 ($ million)
    • Chart on Others - Year-over-year growth 2023-2028 (%)
    • Data Table on Others - Year-over-year growth 2023-2028 (%)
  • 6.8 Market opportunity by Application
    • Market opportunity by Application ($ million)
    • Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

  • 7.1 Market segments
    • Chart on Type - Market share 2023-2028 (%)
    • Data Table on Type - Market share 2023-2028 (%)
  • 7.2 Comparison by Type
    • Chart on Comparison by Type
    • Data Table on Comparison by Type
  • 7.3 Carbide tool inserts - Market size and forecast 2023-2028
    • Chart on Carbide tool inserts - Market size and forecast 2023-2028 ($ million)
    • Data Table on Carbide tool inserts - Market size and forecast 2023-2028 ($ million)
    • Chart on Carbide tool inserts - Year-over-year growth 2023-2028 (%)
    • Data Table on Carbide tool inserts - Year-over-year growth 2023-2028 (%)
  • 7.4 CBN inserts - Market size and forecast 2023-2028
    • Chart on CBN inserts - Market size and forecast 2023-2028 ($ million)
    • Data Table on CBN inserts - Market size and forecast 2023-2028 ($ million)
    • Chart on CBN inserts - Year-over-year growth 2023-2028 (%)
    • Data Table on CBN inserts - Year-over-year growth 2023-2028 (%)
  • 7.5 Ceramic inserts - Market size and forecast 2023-2028
    • Chart on Ceramic inserts - Market size and forecast 2023-2028 ($ million)
    • Data Table on Ceramic inserts - Market size and forecast 2023-2028 ($ million)
    • Chart on Ceramic inserts - Year-over-year growth 2023-2028 (%)
    • Data Table on Ceramic inserts - Year-over-year growth 2023-2028 (%)
  • 7.6 Others - Market size and forecast 2023-2028
    • Chart on Others - Market size and forecast 2023-2028 ($ million)
    • Data Table on Others - Market size and forecast 2023-2028 ($ million)
    • Chart on Others - Year-over-year growth 2023-2028 (%)
    • Data Table on Others - Year-over-year growth 2023-2028 (%)
  • 7.7 Market opportunity by Type
    • Market opportunity by Type ($ million)
    • Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation
    • Chart on Market share By Geographical Landscape 2023-2028 (%)
    • Data Table on Market share By Geographical Landscape 2023-2028 (%)
  • 9.2 Geographic comparison
    • Chart on Geographic comparison
    • Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2023-2028
    • Chart on APAC - Market size and forecast 2023-2028 ($ million)
    • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
    • Chart on APAC - Year-over-year growth 2023-2028 (%)
    • Data Table on APAC - Year-over-year growth 2023-2028 (%)
  • 9.4 Europe - Market size and forecast 2023-2028
    • Chart on Europe - Market size and forecast 2023-2028 ($ million)
    • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
    • Chart on Europe - Year-over-year growth 2023-2028 (%)
    • Data Table on Europe - Year-over-year growth 2023-2028 (%)
  • 9.5 North America - Market size and forecast 2023-2028
    • Chart on North America - Market size and forecast 2023-2028 ($ million)
    • Data Table on North America - Market size and forecast 2023-2028 ($ million)
    • Chart on North America - Year-over-year growth 2023-2028 (%)
    • Data Table on North America - Year-over-year growth 2023-2028 (%)
  • 9.6 South America - Market size and forecast 2023-2028
    • Chart on South America - Market size and forecast 2023-2028 ($ million)
    • Data Table on South America - Market size and forecast 2023-2028 ($ million)
    • Chart on South America - Year-over-year growth 2023-2028 (%)
    • Data Table on South America - Year-over-year growth 2023-2028 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2023-2028
    • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
    • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
    • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  • 9.8 China - Market size and forecast 2023-2028
    • Chart on China - Market size and forecast 2023-2028 ($ million)
    • Data Table on China - Market size and forecast 2023-2028 ($ million)
    • Chart on China - Year-over-year growth 2023-2028 (%)
    • Data Table on China - Year-over-year growth 2023-2028 (%)
  • 9.9 US - Market size and forecast 2023-2028
    • Chart on US - Market size and forecast 2023-2028 ($ million)
    • Data Table on US - Market size and forecast 2023-2028 ($ million)
    • Chart on US - Year-over-year growth 2023-2028 (%)
    • Data Table on US - Year-over-year growth 2023-2028 (%)
  • 9.10 Germany - Market size and forecast 2023-2028
    • Chart on Germany - Market size and forecast 2023-2028 ($ million)
    • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
    • Chart on Germany - Year-over-year growth 2023-2028 (%)
    • Data Table on Germany - Year-over-year growth 2023-2028 (%)
  • 9.11 Japan - Market size and forecast 2023-2028
    • Chart on Japan - Market size and forecast 2023-2028 ($ million)
    • Data Table on Japan - Market size and forecast 2023-2028 ($ million)
    • Chart on Japan - Year-over-year growth 2023-2028 (%)
    • Data Table on Japan - Year-over-year growth 2023-2028 (%)
  • 9.12 India - Market size and forecast 2023-2028
    • Chart on India - Market size and forecast 2023-2028 ($ million)
    • Data Table on India - Market size and forecast 2023-2028 ($ million)
    • Chart on India - Year-over-year growth 2023-2028 (%)
    • Data Table on India - Year-over-year growth 2023-2028 (%)
  • 9.13 Market opportunity By Geographical Landscape
    • Market opportunity By Geographical Landscape ($ million)
    • Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges
    • Impact of drivers and challenges in 2023 and 2028
  • 10.4 Market opportunities/restraints

11 Competitive Landscape

  • 11.1 Overview
  • 11.2 Competitive Landscape
    • Overview on criticality of inputs and factors of differentiation
  • 11.3 Landscape disruption
    • Overview on factors of disruption
  • 11.4 Industry risks
    • Impact of key risks on business

12 Competitive Analysis

  • 12.1 Companies profiled
    • Companies covered
  • 12.2 Market positioning of companies
    • Matrix on companies position and classification
  • 12.3 Asahi Diamond Industrial Co. Ltd.
    • Asahi Diamond Industrial Co. Ltd. - Overview
    • Asahi Diamond Industrial Co. Ltd. - Product / Service
    • Asahi Diamond Industrial Co. Ltd. - Key offerings
  • 12.4 B.R. Meccanica Italy
    • B.R. Meccanica Italy - Overview
    • B.R. Meccanica Italy - Product / Service
    • B.R. Meccanica Italy - Key offerings
  • 12.5 CERATIZIT SA
    • CERATIZIT SA - Overview
    • CERATIZIT SA - Product / Service
    • CERATIZIT SA - Key offerings
  • 12.6 Compagnie de Saint-Gobain S.A.
    • Compagnie de Saint-Gobain S.A. - Overview
    • Compagnie de Saint-Gobain S.A. - Business segments
    • Compagnie de Saint-Gobain S.A. - Key news
    • Compagnie de Saint-Gobain S.A. - Key offerings
    • Compagnie de Saint-Gobain S.A. - Segment focus
  • 12.7 Element Six UK Ltd.
    • Element Six UK Ltd. - Overview
    • Element Six UK Ltd. - Product / Service
    • Element Six UK Ltd. - Key offerings
  • 12.8 ILJIN Diamond Co. Ltd.
    • ILJIN Diamond Co. Ltd. - Overview
    • ILJIN Diamond Co. Ltd. - Product / Service
    • ILJIN Diamond Co. Ltd. - Key offerings
  • 12.9 IMC BV
    • IMC BV - Overview
    • IMC BV - Product / Service
    • IMC BV - Key offerings
  • 12.10 Kennametal Inc.
    • Kennametal Inc. - Overview
    • Kennametal Inc. - Business segments
    • Kennametal Inc. - Key offerings
    • Kennametal Inc. - Segment focus
  • 12.11 Knight Carbide Inc.
    • Knight Carbide Inc. - Overview
    • Knight Carbide Inc. - Product / Service
    • Knight Carbide Inc. - Key offerings
  • 12.12 LOVEJOY Tool Co. Inc.
    • LOVEJOY Tool Co. Inc. - Overview
    • LOVEJOY Tool Co. Inc. - Product / Service
    • LOVEJOY Tool Co. Inc. - Key offerings
  • 12.13 Mitsubishi Materials Corp.
    • Mitsubishi Materials Corp. - Overview
    • Mitsubishi Materials Corp. - Business segments
    • Mitsubishi Materials Corp. - Key news
    • Mitsubishi Materials Corp. - Key offerings
    • Mitsubishi Materials Corp. - Segment focus
  • 12.14 NACHI FUJIKOSHI Corp.
    • NACHI FUJIKOSHI Corp. - Overview
    • NACHI FUJIKOSHI Corp. - Business segments
    • NACHI FUJIKOSHI Corp. - Key news
    • NACHI FUJIKOSHI Corp. - Key offerings
    • NACHI FUJIKOSHI Corp. - Segment focus
  • 12.15 NanoDiamond Products DAC
    • NanoDiamond Products DAC - Overview
    • NanoDiamond Products DAC - Product / Service
    • NanoDiamond Products DAC - Key offerings
  • 12.16 Sandvik AB
    • Sandvik AB - Overview
    • Sandvik AB - Business segments
    • Sandvik AB - Key news
    • Sandvik AB - Key offerings
    • Sandvik AB - Segment focus
  • 12.17 Sumitomo Corp.
    • Sumitomo Corp. - Overview
    • Sumitomo Corp. - Business segments
    • Sumitomo Corp. - Key offerings
    • Sumitomo Corp. - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist
    • Inclusions checklist
    • Exclusions checklist
  • 13.3 Currency conversion rates for US$
    • Currency conversion rates for US$
  • 13.4 Research methodology
    • Research methodology
  • 13.5 Data procurement
    • Information sources
  • 13.6 Data validation
    • Data validation
  • 13.7 Validation techniques employed for market sizing
    • Validation techniques employed for market sizing
  • 13.8 Data synthesis
    • Data synthesis
  • 13.9 360 degree market analysis
    • 360 degree market analysis
  • 13.10 List of abbreviations
    • List of abbreviations
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