Market Research Report Global Turning Tools Market Report 2017

Global Turning Tools Market Grow at a CAGR
of 7.99% 2017-2021 – Industry Report
Market Research Hub (MRH) has recently announced the addition of a fresh report,
titled “Global Turning Tools Market 2017-2021” to its report offerings. The report
has been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over the
coming years. The report also includes a discussion of the key vendors operating in
this market.
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Turning is a metal cutting process primarily used for generating cylindrical surfaces.
In this process, mostly the workpiece is rotated on a spindle. The tool is fixed and
fed into the piece both axially and radially to get the required surface, and it is
frequently done with a single point tool. Turning tools consist of a replaceable insert
in its body, and the insert can vary, based on shape, material, geometry, and coating.
For instance, the round-shaped insert is used to maximize the edge strength, and the
diamond shape insert provides a sharp point to cut fine features or to increase the
number of edges. The insert used is generally made of materials such as carbide,
although the materials such as ceramic and diamond inserts are used for demanding
applications. In addition, a variety of protective coatings helps in increasing the
process efficiency and to enhance the lifetime of the tool.
Technavios analysts forecast the global turning tools market to grow at a CAGR of
7.99% during the period 2017-2021.