Global and Chinese Cemented Carbide Indexable CNC Insert Market Size and Competition Landscape in 2024
Cemented Carbide Indexable CNC Insert is a cutting tool for CNC machine tools, made of cemented carbide material and with an indexable design. Its structural feature is that the blade can extend its service life by rotating or replacing different cutting edges, thereby improving processing efficiency and reducing the frequency of tool replacement and processing costs. Cemented carbide materials are usually made of tungsten carbide and cobalt-based binders through powder metallurgy. They have extremely high hardness and wear resistance and are suitable for high-speed cutting and heavy-load processing environments. Indexable CNC inserts are widely used in precision machining processes such as turning, milling, drilling and boring, especially in the automotive manufacturing, aerospace, mold processing, and petroleum machinery industries. Because the design of the blade enables it to be adjusted under different processing conditions, it reduces downtime and the complexity of tool replacement, and is an ideal choice for modern efficient and automated production.
In 2023, the global carbide indexable CNC insert market reached RMB 66.133 billion, and is expected to reach RMB 97.293 billion in 2030, with a compound annual growth rate (CAGR) of 5.67% during the forecast period. The carbide indexable CNC insert market has maintained strong growth in recent years, mainly driven by the global manufacturing industry’s demand for efficient processing tools. With the improvement of industrial automation levels and the increasing demand for high-precision and complex workpieces, especially in the automotive, aerospace, heavy industry and energy industries, the application scope of carbide indexable CNC inserts is expanding.
Post time: May-16-2025