Global Cutting Tool Insert Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Cutting Tool Insert market size was valued at US$ 12330 million in 2024 and is forecast to a readjusted size of USD 15160 million by 2031 with a CAGR of 3.0% during review period.

Turning insert is a kind of insert used for turning processing. It is widely used in the fields of machinery manufacturing and maintenance. Turning inserts have the characteristics of high precision, high efficiency and economy, and are widely used in the processing processes of various lathes and milling machines.

Turning inserts are usually made of carbide, high-speed steel, carbon tool steel and other materials, and their shapes and sizes vary according to different processing needs. Common turning inserts are cylindrical, conical, arc-shaped, etc. Different insert shapes are suitable for different workpiece materials and processing requirements.

Turning inserts are tools with cutting functions used for turning. After the turning insert is fixed on the cutter body by welding or clamping, the turning tool can perform internal and external cylindrical surfaces, end faces, conical surfaces, and forming surfaces on metal workpieces such as non-ferrous metals, stainless steel, and hardened steel, depending on the blade material. and thread processing.

This report is a detailed and comprehensive analysis for global Cutting Tool Insert market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Cutting Tool Insert market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Cutting Tool Insert market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Cutting Tool Insert market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Cutting Tool Insert market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Cutting Tool Insert

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Cutting Tool Insert market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sandvik Coromant, IMC, Kennametal, MITSUBISHI MATERIALS Corporation, KYOCERA, SUMITOMO, Seco Tools, Walter, Dormer Pramet, KORLOY, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Cutting Tool Insert market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Cemented Carbide Cutting Tool Insert
Cermet Cutting Tool Insert
PCD Cutting Tool Insert
PCBN Cutting Tool Insert
Other Cutting Tool Insert

Market segment by Application
Aerospace
Automotive
Energy & Power
Others

Major players covered
Sandvik Coromant
IMC
Kennametal
MITSUBISHI MATERIALS Corporation
KYOCERA
SUMITOMO
Seco Tools
Walter
Dormer Pramet
KORLOY
Haas
Fervi
OKE
Zhuzhou Huarui Precision Cutting Tools Co.,ltd.
Xiamen Tungsten Co., Ltd.
Funik
Worldia
WEIHAI WEIYING TOOL CO., LTD.

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Cutting Tool Insert product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Cutting Tool Insert, with price, sales quantity, revenue, and global market share of Cutting Tool Insert from 2020 to 2025.

Chapter 3, the Cutting Tool Insert competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Cutting Tool Insert breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Cutting Tool Insert market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Cutting Tool Insert.

Chapter 14 and 15, to describe Cutting Tool Insert sales channel, distributors, customers, research findings and conclusion.