South & Central America Indexable Insert Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

List of Tables

The Indexable Insert Market size is expected to reach US$ 760.68 million by 2031 from US$ 507.07 million in 2023. The market is estimated to record a CAGR of 5.2% from 2023-2031.

Executive Summary and South & Central America Indexable Insert Market Analysis:

Brazil and Argentina are among the major countries in the indexable inserts market in South America. The market growth is attributed to rising industrialization, along with a surge in government investments in the energy and oil and gas industries. Rapid industrialization and urban population growth boost the demand for various goods and services. This has increased the establishment of manufacturing facilities, positively influencing the use of indexable inserts in various metalworking operations in the region. Several companies are investing in countries in South America to promote industrial development.

In March 2024, Stellantis, a multinational automotive manufacturing corporation, announced an investment of US$ 6.08 billion for the expansion and development of automotive products from 2025 to 2030 in South America. This long-term strategic investment was made to develop the automotive industry in Brazil and South America. The investment was made to support and launch more than 40 new products in the future. Similar investments in the region are expected to fuel the demand for metalworking machinery and cutting tools, driving the indexable inserts market growth from 2023 to 2031.

South & Central America Indexable Insert Market Segmentation Analysis:

Key segments that contributed to the derivation of the Indexable Insert Market analysis are insert shape, application, size, insert material, and industry.

By insert shape, the indexable insert market is segmented into round, square, triangle, rhombic, and others. The rhombic held the largest share of the market in 2023.

By application, the indexable insert market is segmented into milling, drilling, turning, threading, and others. The milling held the largest share of the market in 2023.

By size, the indexable insert market is segmented into upto 10 mm, 10-20 mm, and above 20 mm. The upto 10 mm held the largest share of the market in 2023.

By insert material, the indexable insert market is segmented into carbide, ceramic & composites, PCD inserts, and others. The carbide held the largest share of the market in 2023. By industry, the indexable insert market is segmented into aerospace and defense, general industry, oil and gas, power generation, automotive, electrics and electronics, medical, and others. The automotive held the largest share of the market in 2023.

South & Central America Indexable Insert Market Outlook

The importance of efficient and cost-effective manufacturing operations is increasing with the growing demand for process automation across the manufacturing sector. Automated manufacturing processes and high-end technologies such as computer numerical control (CNC) offer several advantages over traditional manual manufacturing techniques. By integrating computer-aided design (CAD) and computer-aided manufacturing (CAM) systems with automated manufacturing processes, tasks such as cutting, drilling, milling, welding, and bending can be streamlined and automated while reducing the need for manual labor and improving overall efficiency. Automated processes can also enhance the quality of products by minimizing errors and differences associated with manual production.

The increasing need for automation in the manufacturing industry is driving the expansion of the indexable inserts market. Milling machines can perform multiple tasks simultaneously, reducing the need for a manual workforce and increasing overall productivity. Furthermore, technological advancements have contributed significantly to the growth of the indexable insert market. By integrating CNC technology, precise cuts and shapes can be easily produced, increasing the popularity of indexable inserts in the metalworking and machining industry.

CNC technology has also helped automate the milling process, increasing overall efficiency. Companies such as Boeing, Ford, Airbus, Caterpillar, Toyota, Apple, and Samsung have managed to increase their productivity through such advancements in their manufacturing processes. For example, the Boeing company has been using the CNC machining technology for several years in reducing the production time and cost significantly. Moreover, the integration of the Internet of Things and artificial intelligence is changing the utilization of indexable inserts in milling, drilling, grooving, and threading. Smart indexable inserts with sensors can monitor tool wear in real time and provide data-driven insights for predictive maintenance and optimization of cutting parameters. Therefore, the adoption of automated manufacturing processes and advanced technology is expected to provide significant opportunities for the growth of the indexable inserts market during the forecast period.

South & Central America Indexable Insert Market Country Insights

Based on Geography, the South & Central America indexable insert market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.

Major industrial sectors in Brazil, including food and beverages, chemicals, energy and power, and manufacturing, demonstrate prime scope for metalworking operations. In addition, investments made by the Brazilian government in infrastructure development result in demand for indexable inserts in the country for the assembly of cutting and metal processing machines that are employed in the manufacturing of heavy structures. With elevated investments in oil and gas activities over the years, South America has positioned itself as one of the vital suppliers of oil and gas. Brazil has one of the largest offshore oil rigs in South America. Oil production activities continue to witness growth with the rapid industrialization in the country. The government of Brazil is investing significantly in its oil and gas industry to boost production outcomes. The country is projected to record an addition of 1.8 million barrels per day (Mb/d) in oil production by 2035, a ~70% growth compared to current levels in 2023. The rising focus on clean energy and significant investments in the energy and power sector support the growth of the indexable inserts market in Brazil. Such a rise in investments to promote industrialization and infrastructure development is expected to drive the demand for metalworking machines in various industries, in turn bolstering the indexable inserts market growth.

South & Central America Indexable Insert Market Company Profiles

Some of the key players operating in the market include Sandvik AB; Kennametal Inc; ISCAR LTD; Hartmetall-Werkzeugfabrik Paul Horn GmbH; Kyocera Corporation; Ingersoll Rand Inc; Zhuzhou Cemented Carbide Cutting Tools Co., Ltd; Mitsubishi Materials Corporation; Guhring KG; YG-1 Co., Ltd; CERATIZIT S.A; and Boehlerit GmbH & Co.KG, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

South & Central America Indexable Insert Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

Secondary Research The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

Company websites , annual reports, financial statements, broker analyses, and investor presentations. Industry trade journals and other relevant publications. Government documents , statistical databases, and market reports. News articles , press releases, and webcasts specific to companies operating in the market. Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

Primary Research The Insight Partners' conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:

Validate and refine findings from secondary research. Enhance the expertise and market understanding of the analysis team. Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects. Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

Industry stakeholders : Vice Presidents, business development managers, market intelligence managers, and national sales managers External experts : Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Product Code: BMIRE00031894

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. South & Central America Indexable Inserts Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain

5. South & Central America Indexable Inserts Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Use in Metalworking and Machining Applications
- 5.1.2 Rising Demand for Indexable Tools in Industrial Applications
- 5.1.3 Growing Government Spending on Military Infrastructure Development and Reinforcement
5.2 Market Restraints
- 5.2.1 Raw Material Price Variations
5.3 Market Opportunities
- 5.3.1 Technological Advancements in Manufacturing Operations
5.4 Future Trends
- 5.4.1 Increasing Efforts to Improve Performance of Indexable Inserts with Utilization of Advanced Coatings and Materials
5.5 Impact of Drivers and Restraints:

6. Indexable Inserts Market - South & Central America Market Analysis

6.1 South & Central America Indexable Inserts Market Revenue (US$ Million), 2021-2031
6.2 South & Central America Indexable Inserts Market Forecast Analysis

7. South & Central America Indexable Inserts Market Analysis - by Insert Shape

7.1 Round
- 7.1.1 Overview
- 7.1.2 Round: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Square
- 7.2.1 Overview
- 7.2.2 Square: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Triangle
- 7.3.1 Overview
- 7.3.2 Triangle: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Rhombic
- 7.4.1 Overview
- 7.4.2 Rhombic: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. South & Central America Indexable Inserts Market Analysis - by Application

8.1 Milling
- 8.1.1 Overview
- 8.1.2 Milling: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Drilling
- 8.2.1 Overview
- 8.2.2 Drilling: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Turning
- 8.3.1 Overview
- 8.3.2 Turning: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.4 Threading
- 8.4.1 Overview
- 8.4.2 Threading: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. South & Central America Indexable Inserts Market Analysis - by Size

9.1 Upto 10 mm
- 9.1.1 Overview
- 9.1.2 Upto 10 mm: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 10-20 mm
- 9.2.1 Overview
- 9.2.2-20 mm: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Above 20 mm
- 9.3.1 Overview
- 9.3.2 Above 20 mm: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. South & Central America Indexable Inserts Market Analysis - by Insert Material

10.1 Carbide
- 10.1.1 Overview
- 10.1.2 Carbide: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 Ceramic and Composites
- 10.2.1 Overview
- 10.2.2 Ceramic and Composites: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 PCD Inserts
- 10.3.1 Overview
- 10.3.2 PCD Inserts: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4 Others
- 10.4.1 Overview
- 10.4.2 Others: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. South & Central America Indexable Inserts Market Analysis - by Industry

11.1 Aerospace and Defense
- 11.1.1 Overview
- 11.1.2 Aerospace and Defense: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.2 General Industry
- 11.2.1 Overview
- 11.2.2 General Industry: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.3 Oil and Gas
- 11.3.1 Overview
- 11.3.2 Oil and Gas: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.4 Power Generation
- 11.4.1 Overview
- 11.4.2 Power Generation: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.5 Automotive
- 11.5.1 Overview
- 11.5.2 Automotive: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.6 Electric and Electronics
- 11.6.1 Overview
- 11.6.2 Electric and Electronics: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.7 Medical
- 11.7.1 Overview
- 11.7.2 Medical: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
11.8 Others
- 11.8.1 Overview
- 11.8.2 Others: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)

12. South & Central America Indexable Inserts Market - Country Analysis

12.1 South & Central America
- 12.1.1 South & Central America Indexable Inserts Market - Revenue and Forecast Analysis - by Country
  - 12.1.1.1 South & Central America Indexable Inserts Market - Revenue and Forecast Analysis - by Country
  - 12.1.1.2 Brazil: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 12.1.1.2.1 Brazil: South & Central America Indexable Inserts Market Share - by Insert Shape
    - 12.1.1.2.2 Brazil: South & Central America Indexable Inserts Market Share - by Application
    - 12.1.1.2.3 Brazil: South & Central America Indexable Inserts Market Share - by Size
    - 12.1.1.2.4 Brazil: South & Central America Indexable Inserts Market Share - by Insert Material
    - 12.1.1.2.5 Brazil: South & Central America Indexable Inserts Market Share - by Industry
  - 12.1.1.3 Argentina: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 12.1.1.3.1 Argentina: South & Central America Indexable Inserts Market Share - by Insert Shape
    - 12.1.1.3.2 Argentina: South & Central America Indexable Inserts Market Share - by Application
    - 12.1.1.3.3 Argentina: South & Central America Indexable Inserts Market Share - by Size
    - 12.1.1.3.4 Argentina: South & Central America Indexable Inserts Market Share - by Insert Material
    - 12.1.1.3.5 Argentina: South & Central America Indexable Inserts Market Share - by Industry
  - 12.1.1.4 Rest of South & Central America: South & Central America Indexable Inserts Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 12.1.1.4.1 Rest of South & Central America: South & Central America Indexable Inserts Market Share - by Insert Shape
    - 12.1.1.4.2 Rest of South & Central America: South & Central America Indexable Inserts Market Share - by Application
    - 12.1.1.4.3 Rest of South & Central America: South & Central America Indexable Inserts Market Share - by Size
    - 12.1.1.4.4 Rest of South & Central America: South & Central America Indexable Inserts Market Share - by Insert Material
    - 12.1.1.4.5 Rest of South & Central America: South & Central America Indexable Inserts Market Share - by Industry

13. Competitive Landscape

13.1 Heat Map Analysis
13.2 Company Positioning & Concentration

14. Industry Landscape

14.1 Overview
14.2 Product Development

15. Company Profiles

15.1 Sandvik AB
- 15.1.1 Key Facts
- 15.1.2 Business Description
- 15.1.3 Products and Services
- 15.1.4 Financial Overview
- 15.1.5 SWOT Analysis
- 15.1.6 Key Developments
15.2 Kennametal Inc
- 15.2.1 Key Facts
- 15.2.2 Business Description
- 15.2.3 Products and Services
- 15.2.4 Financial Overview
- 15.2.5 SWOT Analysis
- 15.2.6 Key Developments
15.3 ISCAR LTD
- 15.3.1 Key Facts
- 15.3.2 Business Description
- 15.3.3 Products and Services
- 15.3.4 Financial Overview

ANNUAL REVENUE ($ MN)

15.3.5 SWOT Analysis
15.3.6 Key Developments

15.4 Hartmetall-Werkzeugfabrik Paul Horn GmbH
- 15.4.1 Key Facts
- 15.4.2 Business Description
- 15.4.3 Products and Services
- 15.4.4 Financial Overview
- 15.4.5 SWOT Analysis
- 15.4.6 Key Developments
15.5 Kyocera Corporation
- 15.5.1 Key Facts
- 15.5.2 Business Description
- 15.5.3 Products and Services
- 15.5.4 Financial Overview
- 15.5.5 SWOT Analysis
- 15.5.6 Key Developments
15.6 Ingersoll Rand Inc
- 15.6.1 Key Facts
- 15.6.2 Business Description
- 15.6.3 Products and Services
- 15.6.4 Financial Overview
- 15.6.5 SWOT Analysis
- 15.6.6 Key Developments
15.7 Zhuzhou Cemented Carbide Cutting Tools Co., Ltd
- 15.7.1 Key Facts
- 15.7.2 Business Description
- 15.7.3 Products and Services
- 15.7.4 Financial Overview
- 15.7.5 SWOT Analysis
- 15.7.6 Key Developments
15.8 Mitsubishi Materials Corporation
- 15.8.1 Key Facts
- 15.8.2 Business Description
- 15.8.3 Products and Services
- 15.8.4 Financial Overview
- 15.8.5 SWOT Analysis
- 15.8.6 Key Developments
15.9 Guhring KG
- 15.9.1 Key Facts
- 15.9.2 Business Description
- 15.9.3 Products and Services
- 15.9.4 Financial Overview
- 15.9.5 SWOT Analysis
- 15.9.6 Key Developments
15.10 YG-1 Co., Ltd.
- 15.10.1 Key Facts
- 15.10.2 Business Description
- 15.10.3 Products and Services
- 15.10.4 Financial Overview
- 15.10.5 SWOT Analysis
- 15.10.6 Key Developments
15.11 CERATIZIT S.A.
- 15.11.1 Key Facts
- 15.11.2 Business Description
- 15.11.3 Products and Services
- 15.11.4 Financial Overview
- 15.11.5 SWOT Analysis
- 15.11.6 Key Developments
15.12 Boehlerit GmbH & Co.KG
- 15.12.1 Key Facts
- 15.12.2 Business Description
- 15.12.3 Products and Services
- 15.12.4 Financial Overview
- 15.12.5 SWOT Analysis
- 15.12.6 Key Developments

16. Appendix

16.1 About The Insight Partners