26 December 2018 - United States
Cutting Tool Insert Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are increasing across the
globe. A sharp tool fixed in a machine and used for cutting materials is
referred to a cutting tool. Cutting tool inserts are used for applications such
as drilling, milling, grooving, threading, etc. They are largely used for
operations such as metal cutting, surface finishing, etc.
The
factors that propel the growth of the United States Cutting Tool Insert Market
include increasing demand, rapid urbanization & industrialization, and
product development & technological innovations. In addition, some of the
key factors that drive the growth include increasing fabricated parts in the
automotive industry, purchasing power, awareness among consumers and easy
availability. On the other hand, there are also factors that may pose a threat
to the market growth such as high labour cost. Cutting Tool Insert Industry
Market is classified on the basis of product type, applications, distribution channel
and geography.
Cutting
Tool Insert Industry Market is segmented by product type as Carbide Tool
Inserts, Ceramic Inserts, CBN Inserts and others. Cutting Tool Insert Industry
Market is classified on applications as Drilling, Milling, Rotary, Turning, and
others. Cutting Tool Insert Industry Market is categorized by end users as
Automotive, Electronics, Aerospace and others. Cutting Tool Insert Industry
Market is segmented by distribution channel as online stores, specialty stores
and others.
United
States Cutting Tool Insert Market is classified on the basis of geography as
The West, Southwest, The Middle Atlantic, New England, The South and The
Midwest. Some of the key players that fuel the growth of the United States
Cutting Tool Insert Market include Komet, Kennametal Foundation, Lovejoy Tool,
North American Carbide, ISCAR, Ingersoll Cutting Tools, Seco, Sandvik, Tyrolit,
and others. The key players are focusing on inorganic growth to sustain
themselves amidst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
Market Segment:
Geographically, this report splits the
United States market into seven regions:
•
The West
•
Southwest
•
The Middle Atlantic
•
New England
•
The South
•
The Midwest
with
sales (volume), revenue (value), market share and growth rate of Cutting Tool
Inserts in these regions, from 2013 to 2025 (forecast).
United States Cutting Tool Inserts
market competition by top manufacturers/players, with Cutting Tool Inserts
sales volume, price, revenue (Million USD) and market share for each
manufacturer/player; the top players including
•
North American Carbide
•
Kennametal Foundation
•
ISCAR
•
Ingersoll Cutting Tools
•
Sandvik
•
Komet
•
Lovejoy Tool
•
Seco
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