Market Overview:
The global HSS metal cutting tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for high-speed steel metal cutting tools in various applications, such as milling, drilling, tapping, reaming & counterboring, gear cutting and broaching. In addition, the growing demand for high-speed steel metal cutting tools from emerging economies is also contributing to the growth of this market.
 Metal Cutting Tools Industry Outlook.svg)
Product Definition:
HSS (High-speed steel) Metal Cutting Tools are made of a special alloy that is designed to withstand the high temperatures and stresses associated with metal cutting. They are used for applications that require a high degree of accuracy and precision, such as in the manufacture of parts for automobiles, aircraft, and other precision-engineered products.
HSS Milling Tools:
High-speed steel (HSS) metal cutting tools are used in applications that require high speed and accuracy. HSS is a type of steel with higher carbon content which allows the metal cutting tool to cut through the workpiece at a faster rate than regular iron or alloy steel. The product was developed by the United States Steel Corporation for use in their factories as it has superior properties such as high hardness, wear resistance, and strength.
HSS Drilling Tools:
High-speed steel cutting tools are used in high speed steel (HSS) Metal Cutting Tools market. HSS is a type of metal that can be cut faster than the speed of sound. It has superior properties such as high strength and wear resistance, which makes it suitable for applications where other metals would normally fail. The material is also lightweight, which reduces machining costs and simplifies the tool design significantly since there are fewer components to consider during machining operations.
Application Insights:
The global demand for HSS metal cutting tools is expected to witness a CAGR of XX% from 2018 to 2030 owing to the increasing demand for high-performance steel in various applications including milling, drilling, tapping, reaming and counterboring, gear cutting and broaching. The milling segment accounted for the largest market share in 2017 on account of its extensive use in various industries such as automotive & transportation equipment manufacturing.
Drilling tools are used extensively across several industries such as construction machinery manufacturing where they are used to cut hard materials like granite stones and glass bottles with extreme precision and accuracy. They are also used across several other applications including aerospace & defense industry where they are utilized by professionals who require highly precise holes along with their associated components on a daily basis.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. Growing industrialization coupled with increasing investments in infrastructure development by these countries has resulted in a significant rise in demand for HSS metal cutting tools over the past few years.
The Asia Pacific was followed by Europe which accounted for around 28% of total revenue share in 2017 owing to high product adoption across industries including automotive, aerospace & defense, construction among others. Adoption of new technologies such as CNC machines along with rising R&D activities are expected to fuel industry growth over the coming years. North America also contributed significantly towards overall industry growth due to growing demand from end-use industries such as electrical & electronics and automotive among others that are adopting advanced manufacturing processes at a faster pace compared with other regions globally resulting into higher sales volume estimates provided by them every year since 2012 (IMechE).
Growth Factors:
- Increasing demand for metal cutting tools from the automotive and aerospace industries due to the growth of these sectors.
- Rising demand for HSS metal cutting tools in developing countries due to the increasing industrialization and urbanization in these regions.
- Technological advancements in HSS metal cutting tools that improve their performance and extend their life span.
- Growing use of HSS metal cutting tools in precision machining applications owing to their superior accuracy and finish quality as compared to other tool materials such as carbide or ceramic inserts used for similar applications .
Scope Of The Report
Report Attributes
Report Details
Report Title
HSS (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
By Application
HSS Milling Tools, HSS Drilling Tools, HSS Tapping Tools, HSS Reaming & Counterboring Tools, HSS Gear Cutting Tools, HSS Broaching Tools
By Companies
Kennametal, LMT Onsrud, Sandvik Coromant, Nachi-Fujikoshi, OSG, YG-1 Tool, Walter AG, Tiangong International, Bohler-Uddeholm, NIPPON KOSHUHA STEEL, Sutton Tools
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global HSS (High-speed steel) Metal Cutting Tools Market Report Segments:
The global HSS (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
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
HSS Milling Tools, HSS Drilling Tools, HSS Tapping Tools, HSS Reaming & Counterboring Tools, HSS Gear Cutting Tools, HSS Broaching Tools
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:
- Kennametal
- LMT Onsrud
- Sandvik Coromant
- Nachi-Fujikoshi
- OSG
- YG-1 Tool
- Walter AG
- Tiangong International
- Bohler-Uddeholm
- NIPPON KOSHUHA STEEL
- Sutton Tools
 Metal Cutting Tools Market Overview.svg)
Highlights of The HSS (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
- By Application:
- HSS Milling Tools
- HSS Drilling Tools
- HSS Tapping Tools
- HSS Reaming & Counterboring Tools
- HSS Gear Cutting Tools
- HSS Broaching Tools
- 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 HSS (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
 Metal Cutting Tools Market Statistics.svg)
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 is a type of metal that is harder than regular steel, but not as hard as stainless steel. It is often used in metal cutting tools because it can cut through materials quickly and easily.
Some of the major players in the hss (high-speed steel) metal cutting tools market are Kennametal, LMT Onsrud, Sandvik Coromant, Nachi-Fujikoshi, OSG, YG-1 Tool, Walter AG, Tiangong International, Bohler-Uddeholm, NIPPON KOSHUHA STEEL, Sutton Tools.
The hss (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 HSS (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 HSS (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 HSS (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 HSS (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 HSS (High-speed steel) Metal Cutting Tools Market Size & Forecast, 2020-2028
4.5.1 HSS (High-speed steel) Metal Cutting Tools Market Size and Y-o-Y Growth
4.5.2 HSS (High-speed steel) Metal Cutting Tools Market Absolute $ Opportunity
Chapter 5 Global 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 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
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 HSS Milling Tools
6.2.2 HSS Drilling Tools
6.2.3 HSS Tapping Tools
6.2.4 HSS Reaming & Counterboring Tools
6.2.5 HSS Gear Cutting Tools
6.2.6 HSS Broaching Tools
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HSS (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 HSS (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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 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
9.7 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 Market Size Forecast by Applications
9.10.1 HSS Milling Tools
9.10.2 HSS Drilling Tools
9.10.3 HSS Tapping Tools
9.10.4 HSS Reaming & Counterboring Tools
9.10.5 HSS Gear Cutting Tools
9.10.6 HSS Broaching Tools
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 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
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 HSS Milling Tools
10.10.2 HSS Drilling Tools
10.10.3 HSS Tapping Tools
10.10.4 HSS Reaming & Counterboring Tools
10.10.5 HSS Gear Cutting Tools
10.10.6 HSS Broaching Tools
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 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
11.7 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 Market Size Forecast by Applications
11.10.1 HSS Milling Tools
11.10.2 HSS Drilling Tools
11.10.3 HSS Tapping Tools
11.10.4 HSS Reaming & Counterboring Tools
11.10.5 HSS Gear Cutting Tools
11.10.6 HSS Broaching Tools
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 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
12.7 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 Market Size Forecast by Applications
12.10.1 HSS Milling Tools
12.10.2 HSS Drilling Tools
12.10.3 HSS Tapping Tools
12.10.4 HSS Reaming & Counterboring Tools
12.10.5 HSS Gear Cutting Tools
12.10.6 HSS Broaching Tools
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) 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
13.7 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) Market Size Forecast by Applications
13.10.1 HSS Milling Tools
13.10.2 HSS Drilling Tools
13.10.3 HSS Tapping Tools
13.10.4 HSS Reaming & Counterboring Tools
13.10.5 HSS Gear Cutting Tools
13.10.6 HSS Broaching Tools
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 HSS (High-speed steel) Metal Cutting Tools Market: Competitive Dashboard
14.2 Global HSS (High-speed steel) Metal Cutting Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kennametal
14.3.2 LMT Onsrud
14.3.3 Sandvik Coromant
14.3.4 Nachi-Fujikoshi
14.3.5 OSG
14.3.6 YG-1 Tool
14.3.7 Walter AG
14.3.8 Tiangong International
14.3.9 Bohler-Uddeholm
14.3.10 NIPPON KOSHUHA STEEL
14.3.11 Sutton Tools
