INDEXABLE INSERTS MARKET ANALYSIS

Indexable Inserts Market, By Insert Type (Turning Inserts, Milling Inserts, Drilling Inserts, Threading Inserts, Grooving and Parting Inserts), By Material Type (Carbide Inserts, Cermet Inserts, CBN Inserts, and PCD Inserts), By Coating Type (Titanium Nitride Coating, Titanium Carbo Nitride Coating, Titanium Aluminum Nitride Coating, Aluminum Titanium Nitride Coating, Chemical Vapor Deposition Coating, Physical Vapor Deposition Coating.), By Workpiece Material (Steel, Stainless Steel, Cast Iron, Aluminum, Exotic Alloys, and Non-Ferrous Metals), By Cutting Operation (Rough Machining, Finishing Machining, High-Speed Machining, and Hard Material Machining), By Geometry Type (Positive Rake Inserts and Negative Rake Inserts), By Insert Shape (Round Inserts, Square Inserts, Triangle Inserts, Rhombic Inserts, and Octagonal Inserts), By Application Industry (Aerospace, Automotive, Medical Devices, Electronics, Energy, General Manufacturing, and Heavy Machinery), By Sales Channel (Direct Sales and Distributors), By End User (Large Enterprises and Small and Medium-sized Enterprises), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

In March 2023, Iscar is an Israeli multinational metal cutting tools company, launched a new line of indexable inserts called "Iscar NEXXT". These inserts are designed for high-speed machining and offer improved chip breaking and longer tool life.
In February 2023, Kennametal is an American supplier of tooling and industrial materials, launched a new line of indexable inserts called "Intelligent Inserts". These inserts are equipped with sensors that collect data on cutting conditions and send it to the machine control system. The data can be used to optimize the machining process and improve tool life.
In January 2023 Sandvik Coromant that supplies cutting tools and services to the metal cutting industry, launched a new line of indexable inserts called "CoroTurn® 880". These inserts are designed for high-performance milling applications and offer improved chip breaking and longer tool life.

Acquisition and partnerships

In 2023, a Taiwan-based CB-CERATIZIT, a joint venture of the company by the same name, part of the Plansee Group specializes in the powder metallurgical production of materials, has acquired 70% of all shares of Changzhou CW Toolmaker Inc. The privately owned company based in Changzhou, China, specializes in the design, production and sales of tungsten carbide cutting tools for the electronic industry, and a variety of industries including aviation, railway, as well as mold and die industries.