Global Cutting Tool Inserts Market 2017-2021

Global Cutting Tool Inserts Market 2017-2021

About Cutting Tool Inserts

The cutting edge in the cutting tool consists of a separate piece of material called a tool insert, which is either brazed or clamped on the tool body. The insert is generally made of materials such as carbide, CBN, and ceramic inserts.

Technavio’s analysts forecast the global cutting tool inserts market to grow at a CAGR of 8.83% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global cutting tool inserts market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cutting Tool Inserts Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • North American Carbide
  • Kennametal Foundation
  • ISCAR
  • Ingersoll Cutting Tools
  • Sandvik
Other prominent vendors
  • KOMET
  • LOVEJOY Tool
  • Seco
  • TYROLIT
Market driver
  • Growth of fabricated parts in the automotive industry
  • For a full, detailed list, view our report
Market challenge
  • Slowdown in Chinese economy
  • For a full, detailed list, view our report
Market trend
  • Enhanced growth of fabricated metal products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cutting Tool Inserts Market 2017-2021

Technavio recognizes the following companies as the key players in the global cutting tool inserts market: North American Carbide, Kennametal Foundation, ISCAR, Ingersoll Cutting Tools and Sandvik.

Other Prominent Vendors in the market are: KOMET, LOVEJOY Tool, Seco and TYROLIT.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of double-sided inserts for rough turning applications. The use of double-sided inserts in rough turning applications enhances the process reliability in rough turning by combining a ground contact surface with an optimized profile which has a protective layer that guards the inserts from fracturing.”

According to the report, one driver in the market is rise in construction activities in emerging nations of APAC. The global construction market is witnessing a mixed trend across various regions. Although the slowdown in the Chinese economy has impacted the global construction market, infrastructure planning in developing economies such as India and Indonesia will boost the growth of the global cutting tools market. As a result, this will propel the demand for the turning tools market.

Further, the report states that one challenges in the market is fluctuating raw material prices. Turning tool manufacturers require to invest a high amount of capital to provide advanced and innovative tools in the market, which have grown considerably. Inputs such as iron and steel, aluminum, stainless steel, titanium, brass, copper, and other alloys are necessary to manufacture machine tools for drilling, boring, lathes, gear cutting, grinding, and polishing machines.



Companies Mentioned

North American Carbide, Kennametal Foundation, ISCAR, Ingersoll Cutting Tools, Sandvik, KOMET, LOVEJOY Tool, Seco and TYROLIT.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Global cutting tool inserts market segmentation by type 2016-2021
      • Table Global cutting tool inserts market segmentation by application 2016-2021
      • Table Global cutting tool inserts market segmentation by geography 2016-2021
  • Market landscape
    • Market overview
      • Table Global cutting tool inserts market segmentation
    • Market size and forecast
      • Table Global cutting tool inserts market 2016-2021 ($ billions)
      • Table Vehicle sales in H1 2012 and H1 2016 (millions of units)
      • Table Trends in the automotive sector
      • Table Global aerospace and defense market revenue performance
      • Table Expected growth factors for new shipbuilding orders
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Global cutting tool inserts market share by type 2016 and 2021
    • Carbide tool inserts
      • Table Global cutting tool inserts market for carbide inserts 2016-2021 ($ billions)
    • CBN inserts
      • Table Global stationary tool inserts market for CBN inserts 2016-2021 ($ billions)
      • Table Common applications of CBN inserts
    • Ceramic inserts
      • Table Global stationary tool inserts market for ceramic inserts 2016-2021 ($ billions)
      • Table Common types of ceramics used for machining
  • Market segmentation by application
    • Market overview
      • Table Global cutting tool inserts market share by application 2016 and 2021 (%)
    • Milling tool inserts
      • Table Global cutting tool inserts market for milling tool inserts 2016-2021 ($ billions)
      • Table Types of milling cutters and their use
    • Drilling tool inserts
      • Table Global cutting tool inserts market for drilling tool inserts 2016-2021 ($ billions)
      • Table Drill types
    • Turning tool inserts
      • Table Global cutting tool inserts market for turning tool inserts 2016-2021 ($ billions)
    • Rotary tool inserts
      • Table Global cutting tool inserts market for rotary tool inserts 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global cutting tool inserts market by region share 2016 and 2021 (%)
    • APAC
      • Table Cutting tool inserts market in APAC 2016-2021 ($ billions)
      • Table Total car sales in India August 2014 to August 2015
    • EMEA
      • Table Cutting tool inserts market in EMEA 2016-2021 ($ billions)
      • Table Aerospace and defense spending in Europe 2013 (%)
    • Americas
      • Table Cutting tool inserts market in the Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global vehicle sales by vehicle types 2015
      • Table Region-wise performance outlook for the automotive industry 2015-2021
      • Table Major investments by governments in emerging nations in APAC during the forecast period
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Global price trend of stainless steel June 2014-May 2015 ($/ton)
      • Table Investment over the years in the global oil and gas industry ($ millions)
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Additive manufacturing
      • Table Global 3D printing market 2016-2021 ($ billions)
    • Use of rotary turning in high-temperature alloys in the aerospace industry
      • Table Types of rotary turning
    • Enhanced growth of fabricated metal products
      • Table Global fabricated metal products market 2015-2020 ($ trillions)
    • Use of double-sided inserts for rough turning applications
      • Table Benefits of double-sided inserts
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • North American Carbide
      • Table Products offered
    • Kennametal Foundation
    • ISCAR
    • Ingersoll Cutting Tools
    • Sandvik
  • Appendix
    • List of abbreviations
  • Explore Technavio

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