The global machine tool steel market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of this market is driven by the increasing demand for machine tools in various industries such as automotive, plastics, aerospace and energy sectors. Machine tools are used in various manufacturing processes such as cutting, drilling and grinding which require high-quality steel with high strength and hardness properties.
The global machine tool steel market can be segmented on the basis of type into howork steel, colwork steel, plastics mold steel and high speed steel; on the basis of application into automotive industry, plastic industry, aerospace industry and energy sector; and on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- Machine tool steel is used in the manufacturing of machine tools and other metal cutting tools, such as drills and saws, which are used in various industries such as construction, automotive, aerospace and others.
- Machine tool steel has high strength properties that make it suitable for use in heavy duty applications like drilling or milling machines where it can withstand high pressure without breaking or bending easily.
- The increasing demand for machine tools from emerging economies like China and India will drive the growth of this market over the forecast period.
- Increasing automation in manufacturing processes will also drive the growth of this market.
Industry Growth Insights published a new data on “Machine Tool Steel Market”. The research report is titled “Machine Tool Steel Market research by Types (Hot-work Steel, Cold-work Steel, Plastics Mold Steel, High Speed Steel, Others), By Applications (Automotive Industry, Plastic Industry, Aerospace Industry, Energy Sector, Others), By Players/Companies Nachi-Fujikoshi Corporation, Daido Steel, Voestalpine, Sandvik Materials Technology, Kennametal, Hudson Tool Steel, Erasteel, Friedr. Lohmann, Arcelormittal, Thyssenkrupp, Tiangong International, Guhring, Heye Special Steel, Nippon Koshuha Steel, OSG Corporation, Carpenter, Graphite India, Tivoly, Crucible Industries, Dneprospetsstal, Jiangsu Fuda Special Steel, Feida Group, West Yorkshire Steel, Big Kaiser Precision Tooling, Onsurd”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Machine Tool Steel Market Research Report
By Type
Hot-work Steel, Cold-work Steel, Plastics Mold Steel, High Speed Steel, Others
By Application
Automotive Industry, Plastic Industry, Aerospace Industry, Energy Sector, Others
By Companies
Nachi-Fujikoshi Corporation, Daido Steel, Voestalpine, Sandvik Materials Technology, Kennametal, Hudson Tool Steel, Erasteel, Friedr. Lohmann, Arcelormittal, Thyssenkrupp, Tiangong International, Guhring, Heye Special Steel, Nippon Koshuha Steel, OSG Corporation, Carpenter, Graphite India, Tivoly, Crucible Industries, Dneprospetsstal, Jiangsu Fuda Special Steel, Feida Group, West Yorkshire Steel, Big Kaiser Precision Tooling, Onsurd
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Machine Tool Steel Market Report Segments:
The global Machine Tool Steel market is segmented on the basis of:
Types
Hot-work Steel, Cold-work Steel, Plastics Mold Steel, High Speed Steel, 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
Automotive Industry, Plastic Industry, Aerospace Industry, Energy Sector, 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:
- Nachi-Fujikoshi Corporation
- Daido Steel
- Voestalpine
- Sandvik Materials Technology
- Kennametal
- Hudson Tool Steel
- Erasteel
- Friedr. Lohmann
- Arcelormittal
- Thyssenkrupp
- Tiangong International
- Guhring
- Heye Special Steel
- Nippon Koshuha Steel
- OSG Corporation
- Carpenter
- Graphite India
- Tivoly
- Crucible Industries
- Dneprospetsstal
- Jiangsu Fuda Special Steel
- Feida Group
- West Yorkshire Steel
- Big Kaiser Precision Tooling
- Onsurd
Highlights of The Machine Tool Steel 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:
- Hot-work Steel
- Cold-work Steel
- Plastics Mold Steel
- High Speed Steel
- Others
- By Application:
- Automotive Industry
- Plastic Industry
- Aerospace Industry
- Energy Sector
- 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 Machine Tool Steel 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?
Machine tool steel is a type of steel that is used in industrial applications, such as machining. It has a higher strength and hardness than other types of steel, which makes it ideal for use in tools and machines.
Some of the key players operating in the machine tool steel market are Nachi-Fujikoshi Corporation, Daido Steel, Voestalpine, Sandvik Materials Technology, Kennametal, Hudson Tool Steel, Erasteel, Friedr. Lohmann, Arcelormittal, Thyssenkrupp, Tiangong International, Guhring, Heye Special Steel, Nippon Koshuha Steel, OSG Corporation, Carpenter, Graphite India, Tivoly, Crucible Industries, Dneprospetsstal, Jiangsu Fuda Special Steel, Feida Group, West Yorkshire Steel, Big Kaiser Precision Tooling, Onsurd.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Machine Tool Steel 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. Machine Tool Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Machine Tool Steel Market - Supply Chain
4.5. Global Machine Tool Steel Market Forecast
4.5.1. Machine Tool Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Machine Tool Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Machine Tool Steel Market Absolute $ Opportunity
5. Global Machine Tool Steel 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. Machine Tool Steel Market Size and Volume Forecast by Type
5.3.1. Hot-work Steel
5.3.2. Cold-work Steel
5.3.3. Plastics Mold Steel
5.3.4. High Speed Steel
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Machine Tool Steel 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. Machine Tool Steel Market Size and Volume Forecast by Application
6.3.1. Automotive Industry
6.3.2. Plastic Industry
6.3.3. Aerospace Industry
6.3.4. Energy Sector
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Machine Tool Steel 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. Machine Tool Steel 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 Machine Tool Steel 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. Machine Tool Steel 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 Machine Tool Steel Demand Share Forecast, 2019-2026
9. North America Machine Tool Steel 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 Machine Tool Steel 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 Machine Tool Steel Market Size and Volume Forecast by Application
9.4.1. Automotive Industry
9.4.2. Plastic Industry
9.4.3. Aerospace Industry
9.4.4. Energy Sector
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Machine Tool Steel Market Size and Volume Forecast by Type
9.7.1. Hot-work Steel
9.7.2. Cold-work Steel
9.7.3. Plastics Mold Steel
9.7.4. High Speed Steel
9.7.5. 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 Machine Tool Steel Demand Share Forecast, 2019-2026
10. Latin America Machine Tool Steel 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 Machine Tool Steel 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 Machine Tool Steel Market Size and Volume Forecast by Application
10.4.1. Automotive Industry
10.4.2. Plastic Industry
10.4.3. Aerospace Industry
10.4.4. Energy Sector
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Machine Tool Steel Market Size and Volume Forecast by Type
10.7.1. Hot-work Steel
10.7.2. Cold-work Steel
10.7.3. Plastics Mold Steel
10.7.4. High Speed Steel
10.7.5. 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 Machine Tool Steel Demand Share Forecast, 2019-2026
11. Europe Machine Tool Steel 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 Machine Tool Steel 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 Machine Tool Steel Market Size and Volume Forecast by Application
11.4.1. Automotive Industry
11.4.2. Plastic Industry
11.4.3. Aerospace Industry
11.4.4. Energy Sector
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Machine Tool Steel Market Size and Volume Forecast by Type
11.7.1. Hot-work Steel
11.7.2. Cold-work Steel
11.7.3. Plastics Mold Steel
11.7.4. High Speed Steel
11.7.5. Others
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 Machine Tool Steel Demand Share, 2019-2026
12. Asia Pacific Machine Tool Steel 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 Machine Tool Steel 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 Machine Tool Steel Market Size and Volume Forecast by Application
12.4.1. Automotive Industry
12.4.2. Plastic Industry
12.4.3. Aerospace Industry
12.4.4. Energy Sector
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Machine Tool Steel Market Size and Volume Forecast by Type
12.7.1. Hot-work Steel
12.7.2. Cold-work Steel
12.7.3. Plastics Mold Steel
12.7.4. High Speed Steel
12.7.5. 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 Machine Tool Steel Demand Share, 2019-2026
13. Middle East & Africa Machine Tool Steel 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 Machine Tool Steel 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 Machine Tool Steel Market Size and Volume Forecast by Application
13.4.1. Automotive Industry
13.4.2. Plastic Industry
13.4.3. Aerospace Industry
13.4.4. Energy Sector
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Machine Tool Steel Market Size and Volume Forecast by Type
13.7.1. Hot-work Steel
13.7.2. Cold-work Steel
13.7.3. Plastics Mold Steel
13.7.4. High Speed Steel
13.7.5. 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 Machine Tool Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Machine Tool Steel Market: Market Share Analysis
14.2. Machine Tool Steel Distributors and Customers
14.3. Machine Tool Steel 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
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
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. Hudson Tool Steel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Erasteel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Friedr. Lohmann
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
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
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 International
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. Carpenter
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Graphite India
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tivoly
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Crucible Industries
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Dneprospetsstal
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
