Market Overview:
The global high-speed and tool steels market is estimated to be valued at US$ XX Mn in 2018 and is projected to register a CAGR of X.X% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The increasing demand for high-speed and tool steels from the automotive, shipbuilding, machinery, and other industries is expected to drive the growth of the global high-speed and tool steels market during the forecast period. In terms of type, carbon tool steel held a dominant share in 2017. However, alloy tool steel is projected to register highest CAGR during 2018–2030 owing to its properties such as toughness, wear resistance, corrosion resistance etc. In terms of application, automotive accounted for majority share in 2017; however; shipbuilding segment is anticipated grow at highest CAGR over next 10 years on account of increasing demand for ships & boats across globe.
Product Definition:
High-speed steels are a type of alloy steel that can be machined at high speeds without losing their hardness. They typically contain tungsten, chromium, and vanadium. Tool steels are a type of carbon steel that is also hardened and used for tools such as punches and dies.
Carbon Tool Steel:
Carbon tool steel is a carbon-rich low alloy tool steels. It has been developed to provide high hardness and wear resistance with good toughness in industrial applications. The product finds application in the manufacturing of cutting tools for hard materials such as glass, stones, and metals. Carbon Tool Steel (CTS) exhibits properties such as extreme hardness up to Rockwell C scale (RC) 60 along with excellent wear resistance which makes it suitable for applications where hard materials are used or handled frequently.
Alloy Tool Steel:
Alloy tool steel is a material that consists of two or more metals, which are used to provide special properties for high-speed steels. The alloy can be made by mixing different metals in any proportion. Some of the most commonly used alloys include beryllium copper, nickel-based alloys and silicon-bronze based alloys. Nickel and silicon are added to increase hardness while beryllium is added to improve toughness in these materials.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Automotive high-speed tool steel is used for making fasteners, which are mainly required in vehicle manufacturing as they provide better corrosion resistance than conventional hardware. The growth of automotive industry, especially in developing regions like Asia Pacific can be attributed to this trend.
The shipbuilding industry also holds a significant share owing to the increasing demand for vessels from commercial shipping companies and governments worldwide. High-speed tool steel finds applications in various components of ships including masts, spars, yardsarmers and frames among others that bear heavy stress during collision or ramming at sea level. These factors are projected to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for high-speed and tool steels over the forecast period. The growth of this region can be attributed to increasing foreign investments in developing countries such as China, India, and Japan. For instance, in 2015, Chinese government approved a number of new investment projects worth USD X billion over a period of five years which include an investment worth USD X billion for infrastructure development. This initiative was taken by the Chinese government to improve its aging infrastructure including roads and railways network. Such initiatives are expected to boost demand for high-speed steel tools across various industries such as construction industry, automotive industry etc.
Europe is anticipated to witness significant growth on account of growing shipbuilding activities coupled with favorable regulatory framework aimed at promoting domestic manufacturing activities within Europe itself or through Foreign Direct Investments (FDI).
Growth Factors:
- Increasing demand for high-speed and tool steels from the automotive and aerospace industries due to their superior properties such as hardness, toughness, wear resistance, and corrosion resistance.
- Growing demand for high-speed steel in the manufacturing of cutting tools owing to its ability to withstand higher temperatures and resist abrasion.
- Rising investments in research and development activities by key players to develop new grades of high-speed steels that offer better performance than conventional grades.
- Increasing use of high-speed steels in machining applications owing to their ability to achieve shorter cycle times as compared with other materials such as cast iron or aluminum alloys. 5) Growing popularity of powder metallurgy technology for manufacturing high-quality tool steel products with improved properties over traditional methods
Scope Of The Report
Report Attributes
Report Details
Report Title
High-speed and Tool Steels Market Research Report
By Type
Carbon Tool Steel, Alloy Tool Steel, High Speed Tool Steel
By Application
Automotive, Shipbuilding, Machinery, Others
By Companies
Voestalpine, Schmolz + Bickenbach, Daido Steel, Sanyo Special Steel, Baowu, Nippon Koshuha Steel, Fushun Special Steel, TG, Hitachi, Crucible Industries, ArcelorMittal, Nachi-Fujikoshi, ERAMET, GMH Gruppe, Kind & Co., Universal Stainless
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global High-speed and Tool Steels Market Report Segments:
The global High-speed and Tool Steels market is segmented on the basis of:
Types
Carbon Tool Steel, Alloy Tool Steel, High Speed Tool Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Shipbuilding, Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Voestalpine
- Schmolz + Bickenbach
- Daido Steel
- Sanyo Special Steel
- Baowu
- Nippon Koshuha Steel
- Fushun Special Steel
- TG
- Hitachi
- Crucible Industries
- ArcelorMittal
- Nachi-Fujikoshi
- ERAMET
- GMH Gruppe
- Kind & Co.
- Universal Stainless
Highlights of The High-speed and Tool Steels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Tool Steel
- Alloy Tool Steel
- High Speed Tool Steel
- By Application:
- Automotive
- Shipbuilding
- Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High-speed and Tool Steels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High-speed and tool steels are a type of steel that is used for cutting tools and other objects that require a strong, durable blade. These steels have a higher carbon content than standard steel, which makes them stronger and more resistant to wear.
Some of the key players operating in the high-speed and tool steels market are Voestalpine, Schmolz + Bickenbach, Daido Steel, Sanyo Special Steel, Baowu, Nippon Koshuha Steel, Fushun Special Steel, TG, Hitachi, Crucible Industries, ArcelorMittal, Nachi-Fujikoshi, ERAMET, GMH Gruppe, Kind & Co., Universal Stainless.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-speed and Tool Steels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High-speed and Tool Steels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-speed and Tool Steels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High-speed and Tool Steels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High-speed and Tool Steels Market Size & Forecast, 2018-2028
4.5.1 High-speed and Tool Steels Market Size and Y-o-Y Growth
4.5.2 High-speed and Tool Steels Market Absolute $ Opportunity
Chapter 5 Global High-speed and Tool Steels Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High-speed and Tool Steels Market Size Forecast by Type
5.2.1 Carbon Tool Steel
5.2.2 Alloy Tool Steel
5.2.3 High Speed Tool Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High-speed and Tool Steels Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High-speed and Tool Steels Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Shipbuilding
6.2.3 Machinery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-speed and Tool Steels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High-speed and Tool Steels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High-speed and Tool Steels Analysis and Forecast
9.1 Introduction
9.2 North America High-speed and Tool Steels Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High-speed and Tool Steels Market Size Forecast by Type
9.6.1 Carbon Tool Steel
9.6.2 Alloy Tool Steel
9.6.3 High Speed Tool Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High-speed and Tool Steels Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Shipbuilding
9.10.3 Machinery
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High-speed and Tool Steels Analysis and Forecast
10.1 Introduction
10.2 Europe High-speed and Tool Steels Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High-speed and Tool Steels Market Size Forecast by Type
10.6.1 Carbon Tool Steel
10.6.2 Alloy Tool Steel
10.6.3 High Speed Tool Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High-speed and Tool Steels Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Shipbuilding
10.10.3 Machinery
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High-speed and Tool Steels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High-speed and Tool Steels Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High-speed and Tool Steels Market Size Forecast by Type
11.6.1 Carbon Tool Steel
11.6.2 Alloy Tool Steel
11.6.3 High Speed Tool Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High-speed and Tool Steels Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Shipbuilding
11.10.3 Machinery
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High-speed and Tool Steels Analysis and Forecast
12.1 Introduction
12.2 Latin America High-speed and Tool Steels Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High-speed and Tool Steels Market Size Forecast by Type
12.6.1 Carbon Tool Steel
12.6.2 Alloy Tool Steel
12.6.3 High Speed Tool Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High-speed and Tool Steels Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Shipbuilding
12.10.3 Machinery
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High-speed and Tool Steels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High-speed and Tool Steels Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High-speed and Tool Steels Market Size Forecast by Type
13.6.1 Carbon Tool Steel
13.6.2 Alloy Tool Steel
13.6.3 High Speed Tool Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High-speed and Tool Steels Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Shipbuilding
13.10.3 Machinery
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High-speed and Tool Steels Market: Competitive Dashboard
14.2 Global High-speed and Tool Steels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Voestalpine
14.3.2 Schmolz + Bickenbach
14.3.3 Daido Steel
14.3.4 Sanyo Special Steel
14.3.5 Baowu
14.3.6 Nippon Koshuha Steel
14.3.7 Fushun Special Steel
14.3.8 TG
14.3.9 Hitachi
14.3.10 Crucible Industries
14.3.11 ArcelorMittal
14.3.12 Nachi-Fujikoshi
14.3.13 ERAMET
14.3.14 GMH Gruppe
14.3.15 Kind & Co.
14.3.16 Universal Stainless
