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Indexable Insert Trends and Forecast
The future of the global indexable insert market looks promising with opportunities in the aerospace, automotive, medical devices, electronics, energy, general manufacturing, and heavy machinery markets. The global indexable insert market is expected to reach an estimated $9.4 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are expanding need for precise machining in sectors such general manufacturing, aerospace, and automotive, modernization of coatings and cutting tools, and offers an economical solutions for production environments with high volume demands.
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Indexable Insert by Segment
The study includes a forecast for the global indexable insert by cutting operation, insert type, workpiece material, application, and region.
Indexable Insert Market by Cutting Operation [Shipment Analysis by Value from 2018 to 2030]:
• Rough Machining
• Finishing Machining
• High-Speed Machining
• Hard Material Machining
Indexable Insert Market by Insert Type [Shipment Analysis by Value from 2018 to 2030]:
• Turning Inserts
• Milling Inserts
• Drilling Inserts
• Threading Inserts
• Grooving & Parting Inserts
Indexable Insert Market by Workpiece Material [Shipment Analysis by Value from 2018 to 2030]:
• Steel
• Stainless Steel
• Cast Iron
• Aluminum
• Exotic Alloys
• Non-Ferrous Metals
Indexable Insert Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Aerospace
• Automotive
• Medical Devices
• Electronics
• Energy
• General Manufacturing
• Heavy Machinery
Indexable Insert Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Indexable Insert Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies indexable insert companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the indexable insert companies profiled in this report include-
• Sandvik Coromant
• Kennametal
• Iscar
• Mitsubishi Materials
• Seco Tools
• Walter
• Kyocera
• Tungaloy
• Sumitomo Electric Industries
• Ceratizit
Indexable Insert Market Insights
Lucintel forecasts that steel will remain the largest segment over the forecast period.
North America will remain the largest region over the forecast period due to its strong manufacturing industry and state-of-the-art machining technologies, existence of major industry participants, research and innovation hubs, and partnerships between manufacturers and technology suppliers.
Features of the Global Indexable Insert Market
Market Size Estimates: Indexable insert market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Indexable insert market size by various segments, such as by cutting operation, insert type, workpiece material, application, and region in terms of ($B).
Regional Analysis: Indexable insert market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different cutting operation, insert type, workpiece material, application, and regions for the indexable insert market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the indexable insert market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the indexable insert market size?
Answer: The global indexable insert market is expected to reach an estimated $9.4 billion by 2030.
Q.2 What is the growth forecast for indexable insert market?
Answer: The global indexable insert market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the indexable insert market?
Answer: The major drivers for this market are expanding need for precise machining in sectors such general manufacturing, aerospace, and automotive, modernization of coatings and cutting tools, and offers an economical solutions for production environments with high volume demands.
Q4. What are the major segments for indexable insert market?
Answer: The future of the global indexable insert market looks promising with opportunities in the aerospace, automotive, medical devices, electronics, energy, general manufacturing, and heavy machinery markets.
Q5. Who are the key indexable insert market companies?
Answer: Some of the key indexable insert companies are as follows:
• Sandvik Coromant
• Kennametal
• Iscar
• Mitsubishi Materials
• Seco Tools
• Walter
• Kyocera
• Tungaloy
• Sumitomo Electric Industries
• Ceratizit
Q6. Which indexable insert market segment will be the largest in future?
Answer: Lucintel forecasts that steel will remain the largest segment over the forecast period.
Q7. In indexable insert market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to its strong manufacturing industry and state-of-the-art machining technologies, existence of major industry participants, research and innovation hubs, and partnerships between manufacturers and technology suppliers.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the indexable insert market by cutting operation (rough machining, finishing machining, high-speed machining, and hard material machining), insert type (turning inserts, milling inserts, drilling inserts, threading inserts, and grooving & parting inserts), workpiece material (steel, stainless steel, cast iron, aluminum, exotic alloys, and non-ferrous metals), application (aerospace, automotive, medical devices, electronics, energy, general manufacturing, and heavy machinery), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Indexable Insert Market, Indexable Insert Market Size, Indexable Insert Market Growth, Indexable Insert Market Analysis, Indexable Insert Market Report, Indexable Insert Market Share, Indexable Insert Market Trends, Indexable Insert Market Forecast, Indexable Insert Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Indexable Insert Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Indexable Insert Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Indexable Insert Market by Cutting Operation
3.3.1: Rough Machining
3.3.2: Finishing Machining
3.3.3: High-Speed Machining
3.3.4: Hard Material Machining
3.4: Global Indexable Insert Market by Insert Type
3.4.1: Turning Inserts
3.4.2: Milling Inserts
3.4.3: Drilling Inserts
3.4.4: Threading Inserts
3.4.5: Grooving & Parting Inserts
3.5: Global Indexable Insert Market by Workpiece Material
3.5.1: Steel
3.5.2: Stainless Steel
3.5.3: Cast Iron
3.5.4: Aluminum
3.5.5: Exotic Alloys
3.5.6: Non-Ferrous Metals
3.6: Global Indexable Insert Market by Application
3.6.1: Aerospace
3.6.2: Automotive
3.6.3: Medical Devices
3.6.4: Electronics
3.6.5: Energy
3.6.6: General Manufacturing
3.6.7: Heavy Machinery
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Indexable Insert Market by Region
4.2: North American Indexable Insert Market
4.2.1: North American Indexable Insert Market by Workpiece Material: Steel, Stainless Steel, Cast Iron, Aluminum, Exotic Alloys, and Non-Ferrous Metals
4.2.2: North American Indexable Insert Market by Application: Aerospace, Automotive, Medical Devices, Electronics, Energy, General Manufacturing, and Heavy Machinery
4.3: European Indexable Insert Market
4.3.1: European Indexable Insert Market by Workpiece Material: Steel, Stainless Steel, Cast Iron, Aluminum, Exotic Alloys, and Non-Ferrous Metals
4.3.2: European Indexable Insert Market by Application: Aerospace, Automotive, Medical Devices, Electronics, Energy, General Manufacturing, and Heavy Machinery
4.4: APAC Indexable Insert Market
4.4.1: APAC Indexable Insert Market by Workpiece Material: Steel, Stainless Steel, Cast Iron, Aluminum, Exotic Alloys, and Non-Ferrous Metals
4.4.2: APAC Indexable Insert Market by Application: Aerospace, Automotive, Medical Devices, Electronics, Energy, General Manufacturing, and Heavy Machinery
4.5: ROW Indexable Insert Market
4.5.1: ROW Indexable Insert Market by Workpiece Material: Steel, Stainless Steel, Cast Iron, Aluminum, Exotic Alloys, and Non-Ferrous Metals
4.5.2: ROW Indexable Insert Market by Application: Aerospace, Automotive, Medical Devices, Electronics, Energy, General Manufacturing, and Heavy Machinery
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Indexable Insert Market by Cutting Operation
6.1.2: Growth Opportunities for the Global Indexable Insert Market by Insert Type
6.1.3: Growth Opportunities for the Global Indexable Insert Market by Workpiece Material
6.1.4: Growth Opportunities for the Global Indexable Insert Market by Application
6.1.5: Growth Opportunities for the Global Indexable Insert Market by Region
6.2: Emerging Trends in the Global Indexable Insert Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Indexable Insert Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Indexable Insert Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Sandvik Coromant
7.2: Kennametal
7.3: Iscar
7.4: Mitsubishi Materials
7.5: Seco Tools
7.6: Walter
7.7: Kyocera
7.8: Tungaloy
7.9: Sumitomo Electric Industries
7.10: Ceratizit
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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