Global Cutting Tool Inserts Market Growth 2025-2031

The global Cutting Tool Inserts market size is predicted to grow from US$ 13520 million in 2025 to US$ 19190 million in 2031; it is expected to grow at a CAGR of 6.0% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Cutting Tool Inserts Industry Forecast” looks at past sales and reviews total world Cutting Tool Inserts sales in 2024, providing a comprehensive analysis by region and market sector of projected Cutting Tool Inserts sales for 2025 through 2031. With Cutting Tool Inserts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cutting Tool Inserts industry.

This Insight Report provides a comprehensive analysis of the global Cutting Tool Inserts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cutting Tool Inserts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cutting Tool Inserts market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cutting Tool Inserts and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cutting Tool Inserts.

This report presents a comprehensive overview, market shares, and growth opportunities of Cutting Tool Inserts market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Carbide
Ceramics
CBN
Others

Segmentation by Application:
Machinery
Automotive
Aerospace
Energy
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cutting Tool Inserts market?

What factors are driving Cutting Tool Inserts market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cutting Tool Inserts market opportunities vary by end market size?

How does Cutting Tool Inserts break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.