Indexable Inserts Market Report Scope 2021 to 2031
Indexable Inserts Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 9,016.44 Million |
Market Size by 2031 | US$ 14,567.92 Million |
Global CAGR (2023 - 2031) | 6.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Insert Shape
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Indexable Inserts Market News and Recent Developments
The indexable inserts market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the indexable inserts market are listed below:
Kennametal Inc. expanded its turning portfolio with the introduction of new inserts and cutting tools that significantly broaden its machining capabilities in the small parts and medical machining space. The three new products—TopSwiss Turning Inserts, Micro Boring Solid (MBS) tooling, and KCU25B Turning Inserts—are designed to improve output, enhance component quality, reduce errors, and help customers achieve accurate and clean results. (Source: Kennametal Inc., Press Release, October 2024)
On the occasion of EMO 2023 in Hanover, CERATIZIT kicked off the introduction of the first Product Carbon Footprint (PCF) Standard for carbide products. Since September 18, the PCF classification of the first wave of products has been displayed in the shop. Products from the upGRADE family, which are made from 100% secondary raw materials and have a particularly low PCF, also take on a special position. With these products, detailed PCF information is already included in the purchase price. The CT-GS20Y grade for rods for cutting tools and the KLC20+ grade for wood working are made from strictly selected secondary raw materials and combine premium performance with a particularly low PCF. (Source: CERATIZIT S.A, Press Release, September 2023)
Indexable Inserts Market Report Coverage and Deliverables
The "Indexable Inserts Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Intelligent transportation system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Intelligent transportation system market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Intelligent transportation system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the indexable inserts market
- Detailed company profiles