Market Overview:
The global carbide cutting tool insert market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for carbide inserts from various end-use industries, such as machinery industry, automotive industry, aerospace industry, energy industry and others. Carbide inserts are used in various applications such as milling, turning, drilling and others. In terms of type, the milling segment is expected to hold a major share of the global carbide cutting tool insert market during the forecast period. In terms of region, North America is expected to lead the global carbide cutting tool insert market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A carbide cutting tool insert is a small, square or rectangular piece of tungsten carbide that is used to cut metal. It is inserted into a machined hole in the tool bit and held in place with a screw or other fastener. The insert has two or more cutting edges that are used to cut metal.
Milling:
Milling is a rotary motion process used to cut or drill through a workpiece by means of cutting teeth called cutter. The milling process can be classified into two types which are high speed and low speed milling. In high-speed milling, the rotation is faster than in low-speed milling; there are various types of sensors that help to control the feed rate such as edge sensor, incremental sensor and proximity detector among others.
Turning:
The turning is a process of making two or more sides of an object rotational. In the metal cutting field, it is used to cut off the corners and sharp edges from metal sheets. Carbide turning tools are used in carbide cutting insert which helps in producing high quality cuts with less material usage. These inserts are made up of tungsten, ceramic and silicon nitride which provides heat-affected zone (HAZ) effect to enhance the metal cutting ability.
Application Insights:
The machinery industry accounted for the largest share of over 40% in 2017. The growth is attributed to the increasing demand for advanced and high-performance cutting tools in various industries, such as oil & gas, construction, mining and civil engineering. Increasing automation across the globe has also driven carbide cutting tool insert market demand from machinery industry applications.
Automotive application segment is expected to witness significant growth over the forecast period owing to rising fuel prices across various countries worldwide including U.S., China, India and Brazil that has compelled consumers towards fuel-efficient vehicles with lower carbon emissions which will further drive carbide cutting tools market demand in this sector over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are experiencing strong economic growth owing to rapid industrialization and urbanization. Growing population coupled with increasing living standards have spurred demand for automobiles across these nations; which has led to an increased demand for cutting tools in automotive applications as well as other industries such as aerospace & defense industry.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing to rising investments from foreign players looking at expanding their business operations within this region by acquiring local companies or establishing joint ventures with local companies. Furthermore, growing oil production across major economies of this region will drive utilization of carbide cutting tools within machinery application sectors such as drilling machines and milling machines used in offshore wells for producing oil from sea beds using rotary drilling techniques or conventional onshore wells using conventional methods (i.e.
Growth Factors:
- Increasing demand for precision machining in automotive and aerospace industries
- Rising adoption of carbide cutting tools in small-scale businesses
- Growing demand for customized inserts to meet specific application requirements
- Technological advancements that improve the performance of carbide inserts
- Increasing use of insert holders and toolholders to increase the efficiency of machining operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Carbide Cutting Tool Insert Market Research Report
By Type
Milling, Turning, Drilling, Others
By Application
Machinery Industry, Automotive Industry, Aerospace Industry, Energy Industry, Others
By Companies
Sandvik, Kennametal, Iscar, Mitsubishi, Kyocera, Sumitomo, Mapal, Korloy, YG-1, Hitachi, Sandvik, Shanghai Tool, Ingersoll Cutting Tools, Ceratizit, Guhring, Xiamen Golden Erge, North American Carbide
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Carbide Cutting Tool Insert Market Report Segments:
The global Carbide Cutting Tool Insert market is segmented on the basis of:
Types
Milling, Turning, Drilling, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery Industry, Automotive Industry, Aerospace Industry, Energy Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sandvik
- Kennametal
- Iscar
- Mitsubishi
- Kyocera
- Sumitomo
- Mapal
- Korloy
- YG-1
- Hitachi
- Sandvik
- Shanghai Tool
- Ingersoll Cutting Tools
- Ceratizit
- Guhring
- Xiamen Golden Erge
- North American Carbide
Highlights of The Carbide Cutting Tool Insert Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Milling
- Turning
- Drilling
- Others
- By Application:
- Machinery Industry
- Automotive Industry
- Aerospace Industry
- Energy Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carbide Cutting Tool Insert Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A carbide cutting tool insert is a small, cylindrical piece of metal that is inserted into the end of a carbide-tipped saw blade. It helps to maintain the accuracy and sharpness of the blade while it's being used.
Some of the major companies in the carbide cutting tool insert market are Sandvik, Kennametal, Iscar, Mitsubishi, Kyocera, Sumitomo, Mapal, Korloy, YG-1, Hitachi, Sandvik, Shanghai Tool, Ingersoll Cutting Tools, Ceratizit, Guhring, Xiamen Golden Erge, North American Carbide.
The carbide cutting tool insert market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carbide Cutting Tool Insert Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carbide Cutting Tool Insert Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carbide Cutting Tool Insert Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carbide Cutting Tool Insert Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carbide Cutting Tool Insert Market Size & Forecast, 2018-2028
4.5.1 Carbide Cutting Tool Insert Market Size and Y-o-Y Growth
4.5.2 Carbide Cutting Tool Insert Market Absolute $ Opportunity
Chapter 5 Global Carbide Cutting Tool Insert Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Carbide Cutting Tool Insert Market Size Forecast by Type
5.2.1 Milling
5.2.2 Turning
5.2.3 Drilling
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Carbide Cutting Tool Insert Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Carbide Cutting Tool Insert Market Size Forecast by Applications
6.2.1 Machinery Industry
6.2.2 Automotive Industry
6.2.3 Aerospace Industry
6.2.4 Energy Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carbide Cutting Tool Insert Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carbide Cutting Tool Insert Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Carbide Cutting Tool Insert Analysis and Forecast
9.1 Introduction
9.2 North America Carbide Cutting Tool Insert Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Carbide Cutting Tool Insert Market Size Forecast by Type
9.6.1 Milling
9.6.2 Turning
9.6.3 Drilling
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Carbide Cutting Tool Insert Market Size Forecast by Applications
9.10.1 Machinery Industry
9.10.2 Automotive Industry
9.10.3 Aerospace Industry
9.10.4 Energy Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Carbide Cutting Tool Insert Analysis and Forecast
10.1 Introduction
10.2 Europe Carbide Cutting Tool Insert Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Carbide Cutting Tool Insert Market Size Forecast by Type
10.6.1 Milling
10.6.2 Turning
10.6.3 Drilling
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Carbide Cutting Tool Insert Market Size Forecast by Applications
10.10.1 Machinery Industry
10.10.2 Automotive Industry
10.10.3 Aerospace Industry
10.10.4 Energy Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Carbide Cutting Tool Insert Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Carbide Cutting Tool Insert Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Carbide Cutting Tool Insert Market Size Forecast by Type
11.6.1 Milling
11.6.2 Turning
11.6.3 Drilling
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Carbide Cutting Tool Insert Market Size Forecast by Applications
11.10.1 Machinery Industry
11.10.2 Automotive Industry
11.10.3 Aerospace Industry
11.10.4 Energy Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Carbide Cutting Tool Insert Analysis and Forecast
12.1 Introduction
12.2 Latin America Carbide Cutting Tool Insert Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Carbide Cutting Tool Insert Market Size Forecast by Type
12.6.1 Milling
12.6.2 Turning
12.6.3 Drilling
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Carbide Cutting Tool Insert Market Size Forecast by Applications
12.10.1 Machinery Industry
12.10.2 Automotive Industry
12.10.3 Aerospace Industry
12.10.4 Energy Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Carbide Cutting Tool Insert Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Carbide Cutting Tool Insert Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Carbide Cutting Tool Insert Market Size Forecast by Type
13.6.1 Milling
13.6.2 Turning
13.6.3 Drilling
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Carbide Cutting Tool Insert Market Size Forecast by Applications
13.10.1 Machinery Industry
13.10.2 Automotive Industry
13.10.3 Aerospace Industry
13.10.4 Energy Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carbide Cutting Tool Insert Market: Competitive Dashboard
14.2 Global Carbide Cutting Tool Insert Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sandvik
14.3.2 Kennametal
14.3.3 Iscar
14.3.4 Mitsubishi
14.3.5 Kyocera
14.3.6 Sumitomo
14.3.7 Mapal
14.3.8 Korloy
14.3.9 YG-1
14.3.10 Hitachi
14.3.11 Sandvik
14.3.12 Shanghai Tool
14.3.13 Ingersoll Cutting Tools
14.3.14 Ceratizit
14.3.15 Guhring
14.3.16 Xiamen Golden Erge
14.3.17 North American Carbide
