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Indexable Inserts Market Share

Report ID: GMI12250
Published Date: Nov 2024
Report Format: PDF

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Indexable Inserts Market Share

The global indexable inserts industry showcases a competitive landscape teeming with a mix of players, from multinational giants to regional manufacturers and specialized niche companies. Predominantly fragmented, the market sees major players like Sandvik Coromant, Kennametal Inc., Carbide Tool Solutions, Mitsubishi Materials Corporation, and Sumitomo Electric Industries, Ltd. These companies command significant market shares, bolstered by their vast product portfolios and robust brand recognition. The surge of e-commerce has broadened online sales channels, allowing brands to tap into wider audiences and boost customer engagement via digital marketing.

Indexable Inserts Market Companies

Major players operating in the Indexable Inserts industry are:

Carbide Tool Solutions
Gühring KG
Hitachi Tool Engineering, Ltd.
Hoffmann Group
Iscar Ltd.
Kennametal Inc.
Kyocera Corporation
Mitsubishi Materials Corporation
OSG Corporation
Sandvik Coromant
Schaeffler Group
Seco Tools
Sumitomo Electric Industries, Ltd.
Tungaloy Corporation
Walter AG

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for Indexable Inserts was reached USD 2.09 billion in 2023 and is estimated to grow at a 4.1% CAGR from 2024 to 2032, driven by rising demand from the automotive sector.

The carbide inserts segment recorded around USD 1.3 billion in 2023 and is expected to grow at a CAGR of 4.3% from 2024 to 2032, due to their exceptional hardness and wear resistance, making them ideal for high-speed and heavy-duty applications.

The turning segment held around 44% share of the indexable inserts market in 2023 and is anticipated to grow at a CAGR of 4.3% through 2032, as industries like automotive and aerospace rely on turning for precision components.

The U.S. Indexable Inserts market dominated with a 78% share in 2023 and is expected to grow as the automotive sector demands high-volume machining and intricate part designs, facilitated by indexable inserts.

Key players in the Indexable Inserts industry include Carbide Tool Solutions, Gühring KG, Hitachi Tool Engineering, Ltd., Hoffmann Group, Iscar Ltd., Kennametal Inc., Kyocera Corporation, Mitsubishi Materials Corporation, OSG Corporation, Sandvik Coromant, Schaeffler Group, Seco Tools, Sumitomo Electric Industries, Ltd., Tungaloy Corporation, and Walter AG.