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The replaceable tip drills market is expected to grow from USD 1.2 billion in 2023 to USD 2.5 billion by 2032, representing a compound annual growth rate (CAGR) of 8.3%. The benefits of replaceable tip drills, including cost efficiency and longer lifespan, make them increasingly popular for use in automated systems. Manufacturers are focusing on R&D to design drills that offer superior performance under harsh conditions.