The global high-speed steel cutting tools market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market can be attributed to the increasing demand for high-speed steel cutting tools in various industries such as automotive, aircraft, oil and gas, machinery, shipping building and rail transport. High-speed steel cutting tools are used in various industries due to their ability to cut through hard materials with ease and precision.
High-speed steel (HSS) is a type of tool steel that has been heat treated so that it has a very fine grain structure which makes it harder than other types of tool steels such as carbon or alloy steels. HSS is also more resistant to wear than other types of tool steels because its hardness prevents abrasion from occurring on the surface when it comes into contact with softer metals or materials being cut by the blade edge.
- High-speed steel cutting tools are used in a variety of industries, including automotive, aerospace, and construction.
- The high-speed steel cutting tools market is driven by the increasing demand for these products in the automotive industry due to their ability to cut through hard materials such as metal and plastic with ease and precision.
- Increasing demand for these products in the aerospace industry is also driving the growth of this market due to their ability to cut through hard materials such as metal and plastic with ease and precision.
- Increasing demand for these products in construction industry is also driving the growth of this market due to their ability to cut through hard materials such as metal and plastic with ease and precision.
Industry Growth Insights published a new data on “High-speed Steel Cutting Tools Market”. The research report is titled “High-speed Steel Cutting Tools Market research by Types (HSS Milling Tools, HSS Drilling Tools, HSS Tapping Tools, HSS Reaming & Counterboring Tools, HSS Gear Cutting Tools, HSS Broaching Tools), By Applications (Automotive, Aircraft, Oil & Gas, Machinery, Shipping Building, Rail Transport, Others), By Players/Companies Sandvik, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter, DeWALT, Guhring, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools, Harbin No.1 Tool Manufacturing, Harbin Measuring & Cutting Tool, Tivoly, Addison, Chengliang Tools, Sutton Tools, Raymond Ltd (JK Files), LMT Onsrud LP, Somta Tools, BIG Kaiser”.
Scope Of The Report
Report Attributes
Report Details
Report Title
High-speed Steel 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
Automotive, Aircraft, Oil & Gas, Machinery, Shipping Building, Rail Transport, Others
By Companies
Sandvik, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter, DeWALT, Guhring, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools, Harbin No.1 Tool Manufacturing, Harbin Measuring & Cutting Tool, Tivoly, Addison, Chengliang Tools, Sutton Tools, Raymond Ltd (JK Files), LMT Onsrud LP, 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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global High-speed Steel Cutting Tools Market Report Segments:
The global High-speed Steel 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
Automotive, Aircraft, Oil & Gas, Machinery, Shipping Building, Rail Transport, 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:
- Sandvik
- Nachi-Fujikoshi
- OSG
- Kennametal
- YG-1 Tool
- Walter
- DeWALT
- Guhring
- Tiangong International
- Shanghai Tool Works
- Sumitomo Electric Industries
- TDC Cutting Tools
- Harbin No.1 Tool Manufacturing
- Harbin Measuring & Cutting Tool
- Tivoly
- Addison
- Chengliang Tools
- Sutton Tools
- Raymond Ltd (JK Files)
- LMT Onsrud LP
- Somta Tools
- BIG Kaiser
Highlights of The High-speed Steel 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:
- Automotive
- Aircraft
- Oil & Gas
- Machinery
- Shipping Building
- Rail Transport
- 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 Steel 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.
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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 steel cutting tools are used to cut metal quickly and efficiently. They are made of high-quality steel that is hardened to withstand the wear and tear of regular use.
Some of the key players operating in the high-speed steel cutting tools market are Sandvik, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter, DeWALT, Guhring, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools, Harbin No.1 Tool Manufacturing, Harbin Measuring & Cutting Tool, Tivoly, Addison, Chengliang Tools, Sutton Tools, Raymond Ltd (JK Files), LMT Onsrud LP, Somta Tools, BIG Kaiser.
The high-speed steel cutting tools market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High-speed Steel Cutting Tools Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High-speed Steel Cutting Tools Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High-speed Steel Cutting Tools Market - Supply Chain
4.5. Global High-speed Steel Cutting Tools Market Forecast
4.5.1. High-speed Steel Cutting Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High-speed Steel Cutting Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. High-speed Steel Cutting Tools Market Absolute $ Opportunity
5. Global High-speed Steel Cutting Tools Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High-speed Steel Cutting Tools Market Size and Volume Forecast by Type
5.3.1. HSS Milling Tools
5.3.2. HSS Drilling Tools
5.3.3. HSS Tapping Tools
5.3.4. HSS Reaming & Counterboring Tools
5.3.5. HSS Gear Cutting Tools
5.3.6. HSS Broaching Tools
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High-speed Steel Cutting Tools Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High-speed Steel Cutting Tools Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aircraft
6.3.3. Oil & Gas
6.3.4. Machinery
6.3.5. Shipping Building
6.3.6. Rail Transport
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High-speed Steel Cutting Tools Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High-speed Steel Cutting Tools Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High-speed Steel Cutting Tools Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High-speed Steel Cutting Tools Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High-speed Steel Cutting Tools Demand Share Forecast, 2019-2026
9. North America High-speed Steel Cutting Tools Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High-speed Steel Cutting Tools Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High-speed Steel Cutting Tools Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aircraft
9.4.3. Oil & Gas
9.4.4. Machinery
9.4.5. Shipping Building
9.4.6. Rail Transport
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High-speed Steel Cutting Tools Market Size and Volume Forecast by Type
9.7.1. HSS Milling Tools
9.7.2. HSS Drilling Tools
9.7.3. HSS Tapping Tools
9.7.4. HSS Reaming & Counterboring Tools
9.7.5. HSS Gear Cutting Tools
9.7.6. HSS Broaching Tools
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High-speed Steel Cutting Tools Demand Share Forecast, 2019-2026
10. Latin America High-speed Steel Cutting Tools Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High-speed Steel Cutting Tools Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High-speed Steel Cutting Tools Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aircraft
10.4.3. Oil & Gas
10.4.4. Machinery
10.4.5. Shipping Building
10.4.6. Rail Transport
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High-speed Steel Cutting Tools Market Size and Volume Forecast by Type
10.7.1. HSS Milling Tools
10.7.2. HSS Drilling Tools
10.7.3. HSS Tapping Tools
10.7.4. HSS Reaming & Counterboring Tools
10.7.5. HSS Gear Cutting Tools
10.7.6. HSS Broaching Tools
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High-speed Steel Cutting Tools Demand Share Forecast, 2019-2026
11. Europe High-speed Steel Cutting Tools Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High-speed Steel Cutting Tools Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High-speed Steel Cutting Tools Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aircraft
11.4.3. Oil & Gas
11.4.4. Machinery
11.4.5. Shipping Building
11.4.6. Rail Transport
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High-speed Steel Cutting Tools Market Size and Volume Forecast by Type
11.7.1. HSS Milling Tools
11.7.2. HSS Drilling Tools
11.7.3. HSS Tapping Tools
11.7.4. HSS Reaming & Counterboring Tools
11.7.5. HSS Gear Cutting Tools
11.7.6. HSS Broaching Tools
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High-speed Steel Cutting Tools Demand Share, 2019-2026
12. Asia Pacific High-speed Steel Cutting Tools Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High-speed Steel Cutting Tools Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High-speed Steel Cutting Tools Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aircraft
12.4.3. Oil & Gas
12.4.4. Machinery
12.4.5. Shipping Building
12.4.6. Rail Transport
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High-speed Steel Cutting Tools Market Size and Volume Forecast by Type
12.7.1. HSS Milling Tools
12.7.2. HSS Drilling Tools
12.7.3. HSS Tapping Tools
12.7.4. HSS Reaming & Counterboring Tools
12.7.5. HSS Gear Cutting Tools
12.7.6. HSS Broaching Tools
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High-speed Steel Cutting Tools Demand Share, 2019-2026
13. Middle East & Africa High-speed Steel Cutting Tools Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High-speed Steel Cutting Tools Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High-speed Steel Cutting Tools Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aircraft
13.4.3. Oil & Gas
13.4.4. Machinery
13.4.5. Shipping Building
13.4.6. Rail Transport
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High-speed Steel Cutting Tools Market Size and Volume Forecast by Type
13.7.1. HSS Milling Tools
13.7.2. HSS Drilling Tools
13.7.3. HSS Tapping Tools
13.7.4. HSS Reaming & Counterboring Tools
13.7.5. HSS Gear Cutting Tools
13.7.6. HSS Broaching Tools
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High-speed Steel Cutting Tools Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High-speed Steel Cutting Tools Market: Market Share Analysis
14.2. High-speed Steel Cutting Tools Distributors and Customers
14.3. High-speed Steel Cutting Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nachi-Fujikoshi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. OSG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kennametal
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. YG-1 Tool
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Walter
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DeWALT
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Guhring
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tiangong International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shanghai Tool Works
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sumitomo Electric Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TDC Cutting Tools
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Harbin No.1 Tool Manufacturing
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Harbin Measuring & Cutting Tool
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tivoly
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Addison
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Chengliang Tools
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sutton Tools
14.4.18.1. Overview
