Market Overview:
The global high speed steel metal cutting tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high speed steel metal cutting tools in the automotive, oil & gas, and machinery industries. In terms of type, the HSS milling tools segment is expected to hold the largest share of the global high speed steel metal cutting tools market during the forecast period. This can be attributed to its growing demand in applications such as automobile manufacturing and machining operations.
Product Definition:
High Speed Steel (HSS) is a type of steel that is characterized by its ability to retain its hardness at high temperatures. This makes it an ideal material for use in metal cutting tools, such as drill bits and saw blades. HSS tools are capable of achieving much higher cutting speeds than traditional carbon steel tools, making them ideal for use in applications where speed is important.
HSS Milling Tools:
High Speed Steel (HSS) metal cutting tools are used in applications where high speed and strength is required. HSS milling tools are manufactured from special steel that has been heat treated to increase its hardness. The grain structure of the material is altered so that it has more carbides in one direction as compared to standard carbon steel, which results into a superior product with increased cutting ability at high speeds.
HSS Drilling Tools:
High Speed Steel (HSS) drilling tools are used in high speed steel metal cutting tools market. HSS is a type of steel with higher carbon content and much higher yield strength than standard carbon steel. The yield strength of HSS ranges from M16 to M25, whereas that of standard carbon range from M8 toM12.
Application Insights:
Automotive application segment accounted for the largest share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The global automotive industry has been witnessing significant growth owing to increasing demand for vehicles, especially in emerging countries such as India, China and Brazil. This trend is expected to continue over the next few years with upcoming projects by companies such as Ford Motor Company and General Motors Company at their manufacturing facilities in these countries.
The oil & gas industry was another major application segment that accounted for a significant market share in 2017 due to high demand from various industries worldwide including power generation, construction materials etc., which require high-quality steel products manufactured using advanced technology along with higher precision levels than required by other applications. These factors are anticipated to drive product demand from this sector over the forecast period too.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing foreign investments in the region. The availability of low-cost labor and raw materials coupled with government support are some major factors driving the market growth in this region. For instance, In April 2017, The Government Of India approved ‘Housing for All by 2022’ initiative which aims at providing financial assistance for construction of houses/dwellings belonging to affordable housing category i.e., below 1 million Indian Rupees (INR) project cost limit per household in urban areas and above 250 thousand INR project cost limit per household in rural areas over a period of three years from 2016.
Growth Factors:
- Increasing demand for high speed steel metal cutting tools from the automotive and aerospace industries due to the growing need for lightweight and durable components.
- Rising demand for high speed steel metal cutting tools in the construction industry due to the increasing use of prefabricated components in construction projects.
- Growing popularity of CNC machines among small- and medium-scale enterprises, which is expected to boost demand for high speed steel metal cutting tools in these businesses.
- Rapid urbanization across emerging economies, which is leading to an increase in infrastructure development activities, thereby fueling growth prospects for the global high speed steel metal cutting tools market. 5) Technological advancements that have led to the development of new grades of high speed steels are expected to create opportunities for growth in this market over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Steel Metal Cutting Tools Market Research Report
By Type
HSS Milling Tools, HSS Drilling Tools, HSS Tapping Tools, HSS Reaming & Counterboring Tools, HSS Gear Cutting Tools, HSS Broaching Tools, Other
By Application
Automobile Industry, Oil & Gas Industry, Machinery Industry, Aircraft Industry, Other
By Companies
Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools, Sandvik AB, Harbin Measuring & Cutting Tool, Tivoly, Addison, Chengliang Tools, Sutton Tools, Henan Yigong Zuanye, Raymond(JK Files), LMT Onsrud LP, DeWALT, Guhring, Jore Corporation, Somta Tools, BIG Kaiser
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Steel Metal Cutting Tools Market Report Segments:
The global High Speed Steel Metal Cutting Tools market is segmented on the basis of:
Types
HSS Milling Tools, HSS Drilling Tools, HSS Tapping Tools, HSS Reaming & Counterboring Tools, HSS Gear Cutting Tools, HSS Broaching Tools, Other
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
Automobile Industry, Oil & Gas Industry, Machinery Industry, Aircraft Industry, Other
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:
- Sandvik AB
- Nachi-Fujikoshi
- OSG
- Kennametal
- YG-1 Tool
- Walter AG
- Tiangong International
- Shanghai Tool Works
- Sumitomo Electric Industries
- TDC Cutting Tools
- Sandvik AB
- Harbin Measuring & Cutting Tool
- Tivoly
- Addison
- Chengliang Tools
- Sutton Tools
- Henan Yigong Zuanye
- Raymond(JK Files)
- LMT Onsrud LP
- DeWALT
- Guhring
- Jore Corporation
- Somta Tools
- BIG Kaiser
Highlights of The High Speed Steel Metal Cutting Tools 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:
- HSS Milling Tools
- HSS Drilling Tools
- HSS Tapping Tools
- HSS Reaming & Counterboring Tools
- HSS Gear Cutting Tools
- HSS Broaching Tools
- Other
- By Application:
- Automobile Industry
- Oil & Gas Industry
- Machinery Industry
- Aircraft Industry
- Other
- 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 Steel Metal Cutting Tools 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Steel Metal Cutting Tools are specifically designed to cut through metal quickly and easily. They are made of high quality steel that is hardened to withstand the wear and tear of metal cutting.
Some of the major companies in the high speed steel metal cutting tools market are Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools, Sandvik AB, Harbin Measuring & Cutting Tool, Tivoly, Addison, Chengliang Tools, Sutton Tools, Henan Yigong Zuanye, Raymond(JK Files), LMT Onsrud LP, DeWALT, Guhring, Jore Corporation, Somta Tools, BIG Kaiser.
The high speed steel metal cutting tools market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Market Size & Forecast, 2018-2028
4.5.1 High Speed Steel Metal Cutting Tools Market Size and Y-o-Y Growth
4.5.2 High Speed Steel Metal Cutting Tools Market Absolute $ Opportunity
Chapter 5 Global High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Market Size Forecast by Type
5.2.1 HSS Milling Tools
5.2.2 HSS Drilling Tools
5.2.3 HSS Tapping Tools
5.2.4 HSS Reaming & Counterboring Tools
5.2.5 HSS Gear Cutting Tools
5.2.6 HSS Broaching Tools
5.2.7 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Oil & Gas Industry
6.2.3 Machinery Industry
6.2.4 Aircraft Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Analysis and Forecast
9.1 Introduction
9.2 North America High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Market Size Forecast by Type
9.6.1 HSS Milling Tools
9.6.2 HSS Drilling Tools
9.6.3 HSS Tapping Tools
9.6.4 HSS Reaming & Counterboring Tools
9.6.5 HSS Gear Cutting Tools
9.6.6 HSS Broaching Tools
9.6.7 Other
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 Steel Metal Cutting Tools Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Oil & Gas Industry
9.10.3 Machinery Industry
9.10.4 Aircraft Industry
9.10.5 Other
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 Steel Metal Cutting Tools Analysis and Forecast
10.1 Introduction
10.2 Europe High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Market Size Forecast by Type
10.6.1 HSS Milling Tools
10.6.2 HSS Drilling Tools
10.6.3 HSS Tapping Tools
10.6.4 HSS Reaming & Counterboring Tools
10.6.5 HSS Gear Cutting Tools
10.6.6 HSS Broaching Tools
10.6.7 Other
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 Steel Metal Cutting Tools Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Oil & Gas Industry
10.10.3 Machinery Industry
10.10.4 Aircraft Industry
10.10.5 Other
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 Steel Metal Cutting Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Market Size Forecast by Type
11.6.1 HSS Milling Tools
11.6.2 HSS Drilling Tools
11.6.3 HSS Tapping Tools
11.6.4 HSS Reaming & Counterboring Tools
11.6.5 HSS Gear Cutting Tools
11.6.6 HSS Broaching Tools
11.6.7 Other
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 Steel Metal Cutting Tools Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Oil & Gas Industry
11.10.3 Machinery Industry
11.10.4 Aircraft Industry
11.10.5 Other
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 Steel Metal Cutting Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Market Size Forecast by Type
12.6.1 HSS Milling Tools
12.6.2 HSS Drilling Tools
12.6.3 HSS Tapping Tools
12.6.4 HSS Reaming & Counterboring Tools
12.6.5 HSS Gear Cutting Tools
12.6.6 HSS Broaching Tools
12.6.7 Other
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 Steel Metal Cutting Tools Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Oil & Gas Industry
12.10.3 Machinery Industry
12.10.4 Aircraft Industry
12.10.5 Other
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 Steel Metal Cutting Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Speed Steel Metal Cutting Tools 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 Steel Metal Cutting Tools Market Size Forecast by Type
13.6.1 HSS Milling Tools
13.6.2 HSS Drilling Tools
13.6.3 HSS Tapping Tools
13.6.4 HSS Reaming & Counterboring Tools
13.6.5 HSS Gear Cutting Tools
13.6.6 HSS Broaching Tools
13.6.7 Other
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 Steel Metal Cutting Tools Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Oil & Gas Industry
13.10.3 Machinery Industry
13.10.4 Aircraft Industry
13.10.5 Other
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 Steel Metal Cutting Tools Market: Competitive Dashboard
14.2 Global High Speed Steel Metal Cutting Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sandvik AB
14.3.2 Nachi-Fujikoshi
14.3.3 OSG
14.3.4 Kennametal
14.3.5 YG-1 Tool
14.3.6 Walter AG
14.3.7 Tiangong International
14.3.8 Shanghai Tool Works
14.3.9 Sumitomo Electric Industries
14.3.10 TDC Cutting Tools
14.3.11 Sandvik AB
14.3.12 Harbin Measuring & Cutting Tool
14.3.13 Tivoly
14.3.14 Addison
14.3.15 Chengliang Tools
14.3.16 Sutton Tools
14.3.17 Henan Yigong Zuanye
14.3.18 Raymond(JK Files)
14.3.19 LMT Onsrud LP
14.3.20 DeWALT
14.3.21 Guhring
14.3.22 Jore Corporation
14.3.23 Somta Tools
14.3.24 BIG Kaiser
