Global Cutting Tool Insert Market Growth 2025-2031

Global Cutting Tool Insert Market Growth 2025-2031

The global Cutting Tool Insert market size is predicted to grow from US$ 12050 million in 2025 to US$ 14570 million in 2031; it is expected to grow at a CAGR of 3.2% from 2025 to 2031.

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.

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

This Insight Report provides a comprehensive analysis of the global Cutting Tool Insert 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 Insert portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cutting Tool Insert market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cutting Tool Insert 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 Insert.

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

Segmentation by Type:
Cemented Carbide Cutting Tool Insert
Cermet Cutting Tool Insert
PCD Cutting Tool Insert
PCBN Cutting Tool Insert
Other Cutting Tool Insert

Segmentation by Application:
Aerospace
Automotive
Energy & Power
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 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.

Key Questions Addressed in this Report

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

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

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

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

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

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