The replaceable tip drills market is expected to grow from USD 1.2 billion in 2023 to USD 2.5 billion by 2032, at a compound annual growth rate (CAGR) of 8.3%. These drills are increasingly favored over traditional alternatives due to their cost-effectiveness and longer lifespan, making them ideal for use in automated systems. Manufacturers are investing significantly in research and development to create drills that can perform effectively in harsh conditions. The growing global vehicle production and the trend towards lightweight materials in automotive manufacturing are fueling demand for precision drilling tools.