The global HSS metal 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 HSS metal cutting tools in various industries such as automotive, aircraft, oil and gas, machinery and shipping building industry. The demand for HSS metal cutting tools is also driven by the need for high-quality products that are durable and cost-effective in nature.
Milling Tools: Milling tools are used in various industries such as automotive, aircraft, oil and gas, machinery and shipping building industry. These tools are used for milling operations which involve shaping or machining a workpiece with a rotating cutter held in place by a toolholder or collet on an arbor or spindle that rotates around an axis perpendicular to the work surface (i.e., X-axis). Milling operations can be classified into three categories: roughing milling (removing large amounts of material), finishing milling (removing small amounts of material) and profiling (shaping). Roughing mills have larger diameter cutters than finishing mills which have smaller diameter cutters than profiling mills which have very small diameter cutters with no clearance between them when they rotate around their axis perpendicular to the work surface (i.e., X-axis). Drilling Tools: Drills are used in various industries such as automotive, aircraft, oil and gas, machinery and shipping building industry where they are used for drilling holes through materials using rotary motion at high speeds while applying pressure on drill bits with hand power or machine power from drills presses or drill presses machines respectively; these machines use either manual feed mechanisms or automatic feed mechanisms depending on their type; these machines use either manual feed mechanisms or automatic feed mechanisms depending on their type Tapping Tools: Tapping tools are used in various industries such as automotive industry where they are mainly used for tapping threads into holes drilled through materials using rotary motion at high speeds while applying pressure on tap bits with hand power; these taps come with different types of thread profiles including straight thread profile taps which produce straight threads without any taper angle between them; tapered thread profile taps which produce tapered threads that gradually increase from one end to another end.
Some Of The Growth Factors Of This Market:
- Increasing demand for metal cutting tools in the automotive industry is one of the major factors driving the growth of this market.
- Increasing demand for HSS Metal Cutting Tools in the construction industry is also a major factor driving this market's growth.
- The increasing use of HSS Metal Cutting Tools in various industries such as aerospace, power generation, and oil & gas are also contributing to its growth.
- The increasing adoption of automation and robotics in various industries is also expected to drive this market's growth.
Industry Growth Insights published a new data on “HSS Metal Cutting Tools Market”. The research report is titled “HSS Metal Cutting Tools Market research by Types (Milling Tools, Drilling Tools, Tapping Tools), By Applications (Automobile Industry, Aircraft Industry, Oil & Gas Industry, Machinery Industry, Shipping Building Industry, Rail Transport Industry, Others), By Players/Companies Kennametal, LMT Onsrud, NACHI-FUJIKOSHI, OSG, Sandvik Coromant, ...”.
Scope Of The Report
Report Attributes
Report Details
Report Title
HSS Metal Cutting Tools Market Research Report
By Type
Milling Tools, Drilling Tools, Tapping Tools
By Application
Automobile Industry, Aircraft Industry, Oil & Gas Industry, Machinery Industry, Shipping Building Industry, Rail Transport Industry, Others
By Companies
Kennametal, LMT Onsrud, NACHI-FUJIKOSHI, OSG, Sandvik Coromant, ...
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global HSS Metal Cutting Tools Market Report Segments:
The global HSS Metal Cutting Tools market is segmented on the basis of:
Types
Milling Tools, Drilling Tools, Tapping 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
Automobile Industry, Aircraft Industry, Oil & Gas Industry, Machinery Industry, Shipping Building Industry, Rail Transport Industry, 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:
- Kennametal
- LMT Onsrud
- NACHI-FUJIKOSHI
- OSG
- Sandvik Coromant
- ...
Highlights of The HSS 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:
- Milling Tools
- Drilling Tools
- Tapping Tools
- By Application:
- Automobile Industry
- Aircraft Industry
- Oil & Gas Industry
- Machinery Industry
- Shipping Building Industry
- Rail Transport Industry
- 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 HSS 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.
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- Correctly Positioning New Products
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- Product & Brand Management
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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?
HSS Metal Cutting Tools are a type of metalworking tool that use a high speed steel cutting edge to make precise cuts in metal.
Some of the key players operating in the hss metal cutting tools market are Kennametal, LMT Onsrud, NACHI-FUJIKOSHI, OSG, Sandvik Coromant.
The hss metal cutting tools market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. HSS Metal 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. HSS Metal 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. HSS Metal Cutting Tools Market - Supply Chain
4.5. Global HSS Metal Cutting Tools Market Forecast
4.5.1. HSS Metal Cutting Tools Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. HSS Metal Cutting Tools Market Size (000 Units) and Y-o-Y Growth
4.5.3. HSS Metal Cutting Tools Market Absolute $ Opportunity
5. Global HSS Metal 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. HSS Metal Cutting Tools Market Size and Volume Forecast by Type
5.3.1. Milling Tools
5.3.2. Drilling Tools
5.3.3. Tapping Tools
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global HSS Metal 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. HSS Metal Cutting Tools Market Size and Volume Forecast by Application
6.3.1. Automobile Industry
6.3.2. Aircraft Industry
6.3.3. Oil & Gas Industry
6.3.4. Machinery Industry
6.3.5. Shipping Building Industry
6.3.6. Rail Transport Industry
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global HSS Metal 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. HSS Metal 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 HSS Metal 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. HSS Metal 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 HSS Metal Cutting Tools Demand Share Forecast, 2019-2029
9. North America HSS Metal 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 HSS Metal 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 HSS Metal Cutting Tools Market Size and Volume Forecast by Application
9.4.1. Automobile Industry
9.4.2. Aircraft Industry
9.4.3. Oil & Gas Industry
9.4.4. Machinery Industry
9.4.5. Shipping Building Industry
9.4.6. Rail Transport Industry
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 HSS Metal Cutting Tools Market Size and Volume Forecast by Type
9.7.1. Milling Tools
9.7.2. Drilling Tools
9.7.3. Tapping 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 HSS Metal Cutting Tools Demand Share Forecast, 2019-2029
10. Latin America HSS Metal 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 HSS Metal 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 HSS Metal Cutting Tools Market Size and Volume Forecast by Application
10.4.1. Automobile Industry
10.4.2. Aircraft Industry
10.4.3. Oil & Gas Industry
10.4.4. Machinery Industry
10.4.5. Shipping Building Industry
10.4.6. Rail Transport Industry
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 HSS Metal Cutting Tools Market Size and Volume Forecast by Type
10.7.1. Milling Tools
10.7.2. Drilling Tools
10.7.3. Tapping 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 HSS Metal Cutting Tools Demand Share Forecast, 2019-2029
11. Europe HSS Metal 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 HSS Metal 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 HSS Metal Cutting Tools Market Size and Volume Forecast by Application
11.4.1. Automobile Industry
11.4.2. Aircraft Industry
11.4.3. Oil & Gas Industry
11.4.4. Machinery Industry
11.4.5. Shipping Building Industry
11.4.6. Rail Transport Industry
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 HSS Metal Cutting Tools Market Size andVolume Forecast by Type
11.7.1. Milling Tools
11.7.2. Drilling Tools
11.7.3. Tapping 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 HSS Metal Cutting Tools Demand Share, 2019-2029
12. Asia Pacific HSS Metal 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 HSS Metal 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 HSS Metal Cutting Tools Market Size and Volume Forecast by Application
12.4.1. Automobile Industry
12.4.2. Aircraft Industry
12.4.3. Oil & Gas Industry
12.4.4. Machinery Industry
12.4.5. Shipping Building Industry
12.4.6. Rail Transport Industry
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 HSS Metal Cutting Tools Market Size and Volume Forecast by Type
12.7.1. Milling Tools
12.7.2. Drilling Tools
12.7.3. Tapping 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 HSS Metal Cutting Tools Demand Share, 2019-2029
13. Middle East & Africa HSS Metal 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 HSS Metal 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 HSS Metal Cutting Tools Market Size and Volume Forecast by Application
13.4.1. Automobile Industry
13.4.2. Aircraft Industry
13.4.3. Oil & Gas Industry
13.4.4. Machinery Industry
13.4.5. Shipping Building Industry
13.4.6. Rail Transport Industry
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 HSS Metal Cutting Tools Market Size and Volume Forecast by Type
13.7.1. Milling Tools
13.7.2. Drilling Tools
13.7.3. Tapping 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 HSS Metal Cutting Tools Demand Share, 2019-2029
14. Competition Landscape
14.1. Global HSS Metal Cutting Tools Market: Market Share Analysis
14.2. HSS Metal Cutting Tools Distributors and Customers
14.3. HSS Metal Cutting Tools Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kennametal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LMT Onsrud
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NACHI-FUJIKOSHI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. OSG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sandvik Coromant
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ...
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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
