Cutting Tool Inserts Market to grow at a CAGR of 6% | Witnesses Emergence of Asahi Diamond Industrial Co. Ltd. and Ceratizit SA Among Key Players | 17000 + Technavio Reports
PR Newswire
NEW YORK, Oct. 14, 2021
NEW YORK, Oct. 14, 2021 /PRNewswire/ --
The cutting tool inserts market is set to grow by USD 1.84 billion from 2021 to 2025, progressing at a CAGR of 6% according to the latest report by Technavio.
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The cutting tool inserts market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The market is driven by growth in demand for fabricated parts. This study also identifies the increasing need to develop superior quality products as one of the prime reasons driving the cutting tool inserts market growth during the next few years.
The cutting tool inserts market analysis includes segmentation by type (carbide tool inserts, CBN inserts, ceramic inserts, and others), application (milling tool inserts, drilling tool inserts, rotary tool inserts, turning tool inserts, and others), geography (APAC, Europe, MEA, North America, and South America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The cutting tool inserts market covers the following areas:
- Cutting Tool Inserts Market Sizing
- Cutting Tool Inserts Market Forecast
- Cutting Tool Inserts Market Analysis
Companies Mentioned
- Asahi Diamond Industrial Co. Ltd.
- Ceratizit SA
- Compagnie de Saint-Gobain SA
- ILJIN Diamond Co. Ltd.
- Kennametal Inc.
- Kyocera Corp.
- Mitsubishi Materials Corp.
- NACHI-FUJIKOSHI Corp.
- Sandvik AB
- Sumitomo Corp.
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Cutting Tool Inserts Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 6% |
Market growth 2021-2025 | USD 1.84 billion |
Market structure | Fragmented |
YoY growth (%) | 5.78 |
Regional analysis | APAC, Europe, North America, South America, and MEA |
Performing market contribution | APAC at 55% |
Key consumer countries | China, US, Germany, Japan, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Asahi Diamond Industrial Co. Ltd., CERATIZIT SA, Compagnie de Saint-Gobain SA, ILJIN Diamond Co. Ltd., Kennametal Inc., Kyocera Corp., Mitsubishi Materials Corp., NACHI-FUJIKOSHI Corp., Sandvik AB, and Sumitomo Corp. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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