Global Turning Tool Inserts Market Growth 2025-2031

Global Turning Tool Inserts Market Growth 2025-2031

The global Turning Tool Inserts 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 “Turning Tool Inserts Industry Forecast” looks at past sales and reviews total world Turning Tool Inserts sales in 2024, providing a comprehensive analysis by region and market sector of projected Turning Tool Inserts sales for 2025 through 2031. With Turning Tool Inserts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Turning Tool Inserts industry.

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

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

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

Segmentation by Type:
Carbide Tool Inserts
CBN Inserts
Ceramic Inserts

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 Turning Tool Inserts market?

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

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

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

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

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