Global high speed steels market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 2.2 billion by 2030. The growth of this market is driven by the increasing demand for high-speed steel in various industries such as energy sector, plastic industry, aerospace industry and automotive industry. High-speed steel has a higher hardness than conventional steel and can be used in applications where wear resistance is required such as metal cutting tools and cold working tools. The global high speed steels market has been segmented on the basis of type into metal cutting tools and cold working tools; on the basis of application into energy sector, plastic industry, aerospace industry and automotive industry; and on the basis of region into North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- High Speed Steels are used in the production of cutting tools, such as drills and taps.
- The demand for High Speed Steels is expected to increase due to the increasing demand for drilling and tapping products in emerging economies, such as China and India.
- The global economic recovery has led to an increase in the demand for drilling and tapping products, which has increased the demand for High Speed Steels.
- Increasing urbanization rates have led to a rise in construction activities, which has increased the need for drilling and tapping products.
- Increasing population growth rates have also contributed to an increase in construction activities.
Industry Growth Insights published a new data on “High Speed Steels Market”. The research report is titled “High Speed Steels Market research by Types (Metal Cutting Tools, Cold Working Tools, Others), By Applications (Energy Sector, Plastic Industry, Aerospace Industry, Automotive Industry, Other), By Players/Companies Nachi-Fujikoshi Corporation, Daido Steel, Voestalpine AG, Sandvik Materials Technology AB, Kennametal, Lohmann GmbH, Hudson Tool Steel Corporation, Erasteel, Arcelormittal S.A., Thyssenkrupp AG, Tiangong Internationa, Guhring, Heye Special Steel, Nippon Koshuha Steel, OSG Corporation, Sharu Steel, Bohler, Graphite India Limited, EraSteel”.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Steels Market Research Report
By Type
Metal Cutting Tools, Cold Working Tools, Others
By Application
Energy Sector, Plastic Industry, Aerospace Industry, Automotive Industry, Other
By Companies
Nachi-Fujikoshi Corporation, Daido Steel, Voestalpine AG, Sandvik Materials Technology AB, Kennametal, Lohmann GmbH, Hudson Tool Steel Corporation, Erasteel, Arcelormittal S.A., Thyssenkrupp AG, Tiangong Internationa, Guhring, Heye Special Steel, Nippon Koshuha Steel, OSG Corporation, Sharu Steel, Bohler, Graphite India Limited, EraSteel
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Steels Market Report Segments:
The global High Speed Steels market is segmented on the basis of:
Types
Metal Cutting Tools, Cold Working Tools, Others
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
Energy Sector, Plastic Industry, Aerospace Industry, Automotive 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:
- Nachi-Fujikoshi Corporation
- Daido Steel
- Voestalpine AG
- Sandvik Materials Technology AB
- Kennametal
- Lohmann GmbH
- Hudson Tool Steel Corporation
- Erasteel
- Arcelormittal S.A.
- Thyssenkrupp AG
- Tiangong Internationa
- Guhring
- Heye Special Steel
- Nippon Koshuha Steel
- OSG Corporation
- Sharu Steel
- Bohler
- Graphite India Limited
- EraSteel
Highlights of The High Speed 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:
- Metal Cutting Tools
- Cold Working Tools
- Others
- By Application:
- Energy Sector
- Plastic Industry
- Aerospace Industry
- Automotive 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 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.
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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 Steels are a type of steel that is designed to resist wear and tear. They are also known as high-speed steels, ultrahigh speed steels, or superhigh speed steels.
Some of the major companies in the high speed steels market are Nachi-Fujikoshi Corporation, Daido Steel, Voestalpine AG, Sandvik Materials Technology AB, Kennametal, Lohmann GmbH, Hudson Tool Steel Corporation, Erasteel, Arcelormittal S.A., Thyssenkrupp AG, Tiangong Internationa, Guhring, Heye Special Steel, Nippon Koshuha Steel, OSG Corporation, Sharu Steel, Bohler, Graphite India Limited, EraSteel.
The high speed steels market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Speed Steels 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 Steels 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 Steels Market - Supply Chain
4.5. Global High Speed Steels Market Forecast
4.5.1. High Speed Steels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Speed Steels Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Speed Steels Market Absolute $ Opportunity
5. Global High Speed Steels 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 Steels Market Size and Volume Forecast by Type
5.3.1. Metal Cutting Tools
5.3.2. Cold Working Tools
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Speed Steels 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 Steels Market Size and Volume Forecast by Application
6.3.1. Energy Sector
6.3.2. Plastic Industry
6.3.3. Aerospace Industry
6.3.4. Automotive Industry
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Speed Steels 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 Steels 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 Steels 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 Steels 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 Steels Demand Share Forecast, 2019-2026
9. North America High Speed Steels 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 Steels 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 Steels Market Size and Volume Forecast by Application
9.4.1. Energy Sector
9.4.2. Plastic Industry
9.4.3. Aerospace Industry
9.4.4. Automotive Industry
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Speed Steels Market Size and Volume Forecast by Type
9.7.1. Metal Cutting Tools
9.7.2. Cold Working Tools
9.7.3. Others
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 Steels Demand Share Forecast, 2019-2026
10. Latin America High Speed Steels 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 Steels 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 Steels Market Size and Volume Forecast by Application
10.4.1. Energy Sector
10.4.2. Plastic Industry
10.4.3. Aerospace Industry
10.4.4. Automotive Industry
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Speed Steels Market Size and Volume Forecast by Type
10.7.1. Metal Cutting Tools
10.7.2. Cold Working Tools
10.7.3. Others
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 Steels Demand Share Forecast, 2019-2026
11. Europe High Speed Steels 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 Steels 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 Steels Market Size and Volume Forecast by Application
11.4.1. Energy Sector
11.4.2. Plastic Industry
11.4.3. Aerospace Industry
11.4.4. Automotive Industry
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Speed Steels Market Size and Volume Forecast by Type
11.7.1. Metal Cutting Tools
11.7.2. Cold Working Tools
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectins 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 Steels Demand Share, 2019-2026
12. Asia Pacific High Speed Steels 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 Steels 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 Steels Market Size and Volume Forecast by Application
12.4.1. Energy Sector
12.4.2. Plastic Industry
12.4.3. Aerospace Industry
12.4.4. Automotive Industry
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Speed Steels Market Size and Volume Forecast by Type
12.7.1. Metal Cutting Tools
12.7.2. Cold Working Tools
12.7.3. Others
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 Steels Demand Share, 2019-2026
13. Middle East & Africa High Speed Steels 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 Steels 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 Steels Market Size and Volume Forecast by Application
13.4.1. Energy Sector
13.4.2. Plastic Industry
13.4.3. Aerospace Industry
13.4.4. Automotive Industry
13.4.5. Other
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 Steels Market Size and Volume Forecast by Type
13.7.1. Metal Cutting Tools
13.7.2. Cold Working Tools
13.7.3. Others
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 Steels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Speed Steels Market: Market Share Analysis
14.2. High Speed Steels Distributors and Customers
14.3. High Speed Steels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nachi-Fujikoshi Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daido Steel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Voestalpine AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sandvik Materials Technology AB
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kennametal
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lohmann GmbH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hudson Tool Steel Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Erasteel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Arcelormittal S.A.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Thyssenkrupp AG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tiangong Internationa
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Guhring
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Heye Special Steel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nippon Koshuha Steel
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. OSG Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sharu Steel
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Bohler
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Graphite India Limited
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. EraSteel
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook