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

NEW YORK, Oct. 14, 2021 /PRNewswire/ —
The cutting tool inserts market is…

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:

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.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research

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Email: media@technavio.com

Website: www.technavio.com/

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SOURCE Technavio