Market Overview:
The global PM high speed steel market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for PM high speed steel from various end-use industries such as cutting cutlery, precision cutlery and special cutting cutlery. In terms of type, ordinary HSS accounted for the majority share of the global PM high speed steel market in 2017 and is expected to maintain its dominance throughout the forecast period. However, with technological advancements being made in this field on a regular basis, high-performance HSS is expected to witness higher growth rates over the next few years. Regionally, North America held a major share of the global PM high speed steel market in 2017 and is anticipated to retain its dominance throughout the forecast period.
Product Definition:
PM ( precipitation- hardening ) high- speed steel contains more tungsten and molybdenum than is found in M (martensitic ) steels. The extra alloys make PM high- speed steels tougher and harder to machine. They also can withstand higher temperatures without losing their hardness .
Ordinary HSS:
Ordinary HSS, also known as carbon steel or simple steel is a low alloy containing iron and carbon. It has been used in the manufacturing of cutting tools and knives since the early 19th century. The material has witnessed a tremendous rise in demand from the automotive industry owing to its properties such as high strength, corrosion resistance & hardness along with easy availability of crude oil which is required for its production.
High-performance HSS:
High-speed Steel (HSS) is a form of steel that has been heat treated to improve its toughness. It is used in applications where high hardness and strength are required. HSS can be used for machining various materials such as aluminum, cast iron, copper alloys and others.
Application Insights:
The global PM high speed steel market by application is segmented into precision cutlery, special cutting cutlery, and cutting utensils. The precision cutlery application segment dominated the overall industry in terms of revenue share in 2017. Precision-made blades are essential to manufacturing a quality product as they have to be sharpened multiple times during the course of a day. This process requires HSS as it can hold its edge longer than other types of knives.
Specialty or serrated edged knives require additional care while handling as they are more prone to slipping out of hands due to their sharp edges which can cause injuries if not handled properly.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% of global production in 2017. China, Japan, South Korea, India and Taiwan are among the largest producers of high-speed steel products in this region. Asia Pacific is also one of the most important markets for premium cutlery products owing to growing disposable income levels coupled with increasing population across countries such as China and India.
North America emerged as a significant consumer due to growing demand from U.S., Canada, Mexico and other Central & South American countries among others which have high purchasing power parity incomes that enable them to spend on expensive household appliances including kitchenware including cutlery items made from premium materials such as HSS blades manufactured by Global PM Inc.
Growth Factors:
- Increasing demand from automotive and aerospace industries due to its properties such as high strength, hardness, wear resistance and toughness.
- Rising demand for PM HSS in medical implants and surgical instruments due to its biocompatibility.
- Growing popularity of powder metallurgy technology that helps in producing high quality PM HSS parts with better dimensional accuracy and surface finish.
- Rising investments by key players in research & development activities to develop new grades of PM HSS that can meet the specific requirements of different end-use industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
PM High Speed Steel Market Research Report
By Type
Ordinary HSS, High-performance HSS
By Application
Cutting cutlery, Precision cutlery, Special cutting cutlery
By Companies
HEYE Special Steel, Fuda Special Steel, Tiangong Tool, Baosteel-specialsteel, Dongbei Special Steel, FAREAST, Jinggong Steel?, Erasteel, Bohler, Hitachi, Nachi
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global PM High Speed Steel Market Report Segments:
The global PM High Speed Steel market is segmented on the basis of:
Types
Ordinary HSS, High-performance HSS
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
Cutting cutlery, Precision cutlery, Special cutting cutlery
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:
- HEYE Special Steel
- Fuda Special Steel
- Tiangong Tool
- Baosteel-specialsteel
- Dongbei Special Steel
- FAREAST
- Jinggong Steel?
- Erasteel
- Bohler
- Hitachi
- Nachi
Highlights of The PM High Speed 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:
- Ordinary HSS
- High-performance HSS
- By Application:
- Cutting cutlery
- Precision cutlery
- Special cutting cutlery
- 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 PM High Speed 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.
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
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?
PM High Speed Steel is a type of steel that has been specifically designed to resist wear and tear. This steel is often used in products that are subjected to heavy use, such as tools and machines.
Some of the key players operating in the pm high speed steel market are HEYE Special Steel, Fuda Special Steel, Tiangong Tool, Baosteel-specialsteel, Dongbei Special Steel, FAREAST, Jinggong Steel?, Erasteel, Bohler, Hitachi, Nachi.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PM High Speed 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. PM High Speed Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PM High Speed Steel Market - Supply Chain
4.5. Global PM High Speed Steel Market Forecast
4.5.1. PM High Speed Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PM High Speed Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. PM High Speed Steel Market Absolute $ Opportunity
5. Global PM High Speed 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. PM High Speed Steel Market Size and Volume Forecast by Type
5.3.1. Ordinary HSS
5.3.2. High-performance HSS
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PM High Speed 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. PM High Speed Steel Market Size and Volume Forecast by Application
6.3.1. Cutting cutlery
6.3.2. Precision cutlery
6.3.3. Special cutting cutlery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PM High Speed 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. PM High Speed 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 PM High Speed 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. PM High Speed 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 PM High Speed Steel Demand Share Forecast, 2019-2026
9. North America PM High Speed 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 PM High Speed 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 PM High Speed Steel Market Size and Volume Forecast by Application
9.4.1. Cutting cutlery
9.4.2. Precision cutlery
9.4.3. Special cutting cutlery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PM High Speed Steel Market Size and Volume Forecast by Type
9.7.1. Ordinary HSS
9.7.2. High-performance HSS
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 PM High Speed Steel Demand Share Forecast, 2019-2026
10. Latin America PM High Speed 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 PM High Speed 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 PM High Speed Steel Market Size and Volume Forecast by Application
10.4.1. Cutting cutlery
10.4.2. Precision cutlery
10.4.3. Special cutting cutlery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PM High Speed Steel Market Size and Volume Forecast by Type
10.7.1. Ordinary HSS
10.7.2. High-performance HSS
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 PM High Speed Steel Demand Share Forecast, 2019-2026
11. Europe PM High Speed 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 PM High Speed 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 PM High Speed Steel Market Size and Volume Forecast by Application
11.4.1. Cutting cutlery
11.4.2. Precision cutlery
11.4.3. Special cutting cutlery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PM High Speed Steel Market Size and Volume Forecast by Type
11.7.1. Ordinary HSS
11.7.2. High-performance HSS
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 PM High Speed Steel Demand Share, 2019-2026
12. Asia Pacific PM High Speed 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 PM High Speed 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 PM High Speed Steel Market Size and Volume Forecast by Application
12.4.1. Cutting cutlery
12.4.2. Precision cutlery
12.4.3. Special cutting cutlery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PM High Speed Steel Market Size and Volume Forecast by Type
12.7.1. Ordinary HSS
12.7.2. High-performance HSS
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 PM High Speed Steel Demand Share, 2019-2026
13. Middle East & Africa PM High Speed 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 PM High Speed 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 PM High Speed Steel Market Size and Volume Forecast by Application
13.4.1. Cutting cutlery
13.4.2. Precision cutlery
13.4.3. Special cutting cutlery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PM High Speed Steel Market Size and Volume Forecast by Type
13.7.1. Ordinary HSS
13.7.2. High-performance HSS
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 PM High Speed Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global PM High Speed Steel Market: Market Share Analysis
14.2. PM High Speed Steel Distributors and Customers
14.3. PM High Speed Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HEYE Special Steel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fuda Special 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. Tiangong Tool
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Baosteel-specialsteel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dongbei Special Steel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FAREAST
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jinggong Steel?
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. Bohler
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hitachi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nachi
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
