The global 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 the market can be attributed to the increasing demand for high-quality tools in various industries such as automotive, shipbuilding, and machinery. Tool steel is used in various applications such as cutting tools, drilling tools, and lathe tools among others. Tool steel is also used in other applications such as welding electrodes and electrodes for arc welding among others. Carbon Tool Steel: Carbon tool steel has a carbon content between 0.1% and 1%. It has good machinability but poor toughness properties due to its low alloy content which makes it brittle when subjected to shock loads or impact loads that exceed its yield strength limit of about 200 MPa (29000 psi). Alloy Tool Steel: Alloy tool steels are made from iron with small amounts of alloying elements like chromium or vanadium added for increased hardness and wear resistance properties while maintaining ductility at elevated temperatures up to 1000°C (1832°F). Automotive Industry: Automotive industry includes all types of vehicles including cars, trucks, buses etc, which use different types of metal components that require cutting tools like drills bits etc, drilling bits etc, lathe bits etc, milling cutters etc, taps & dies etc; these components are manufactured using different types of metals including aluminum alloys; copper alloys; nickel-based superalloys; titanium alloys; stainless steels; cast irons; cobalt-based superalloys among others Shipbuilding Industry : Shipbuilding industry includes building ships using metal components that require cutting tools like drills bits etc, drilling bits etc, lathe bits etc; these components are manufactured using different types of metals including aluminum alloys; copper alloys; nickel-based superalloy ; titanium alloys ; stainless steels ; cast irons ; cobalt-based superalloy among others Machinery Industry : Machinery industry includes manufacturing machines that use metal parts requiring cutting tools like drills bit ,drilling bit ,lathe bit ,mill cutter ,tap & die. Stainless steel. Cast Iron. Cobalt based Superalloy. Tool steel is a type of steel that is used to make tools. Tool steels are typically made from high carbon steels, and they are often heat treated to increase their hardness. Tool steel can be used for a variety of purposes, including cutting tools, drills, taps and dies.
Industry Growth Insights published a new data on “Tool Steel Market”. The research report is titled “Tool Steel Market research by Types (Carbon Tool Steel, Alloy Tool Steel, High Speed Tool Steel), By Applications (Automotive, Shipbuilding, Machinery, Others), By Players/Companies Voestalpine, SCHMOLZ?+?BICKENBACH, Sandvik, Fushun Special Steel, BaoSteel, TG, Nachi-Fujikoshi, Qilu Special Steel, Hitachi, ERAMET, Universal Stainless, Hudson Tool Steel”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tool Steel Market Research Report
By Type
Carbon Tool Steel, Alloy Tool Steel, High Speed Tool Steel
By Application
Automotive, Shipbuilding, Machinery, Others
By Companies
Voestalpine, SCHMOLZ?+?BICKENBACH, Sandvik, Fushun Special Steel, BaoSteel, TG, Nachi-Fujikoshi, Qilu Special Steel, Hitachi, ERAMET, Universal Stainless, Hudson Tool Steel
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Tool Steel Market Report Segments:
The global Tool Steel market is segmented on the basis of:
Types
Carbon Tool Steel, Alloy Tool Steel, High Speed Tool Steel
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, Shipbuilding, Machinery, 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:
- Voestalpine
- SCHMOLZ?+?BICKENBACH
- Sandvik
- Fushun Special Steel
- BaoSteel
- TG
- Nachi-Fujikoshi
- Qilu Special Steel
- Hitachi
- ERAMET
- Universal Stainless
- Hudson Tool Steel
Highlights of The 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:
- Carbon Tool Steel
- Alloy Tool Steel
- High Speed Tool Steel
- By Application:
- Automotive
- Shipbuilding
- Machinery
- 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 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.
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?
Tool steel is a type of steel that is used in tools and other objects that require a strong, durable blade. It is also known for its ability to resist corrosion and wear.
Some of the major companies in the tool steel market are Voestalpine, SCHMOLZ?+?BICKENBACH, Sandvik, Fushun Special Steel, BaoSteel, TG, Nachi-Fujikoshi, Qilu Special Steel, Hitachi, ERAMET, Universal Stainless, Hudson Tool Steel.
The tool steel market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. 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. Tool Steel Market - Supply Chain
4.5. Global Tool Steel Market Forecast
4.5.1. Tool Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tool Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tool Steel Market Absolute $ Opportunity
5. Global 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. Tool Steel Market Size and Volume Forecast by Type
5.3.1. Carbon Tool Steel
5.3.2. Alloy Tool Steel
5.3.3. High Speed Tool Steel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. Tool Steel Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Shipbuilding
6.3.3. Machinery
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 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. 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 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. 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 Tool Steel Demand Share Forecast, 2019-2026
9. North America 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 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 Tool Steel Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Shipbuilding
9.4.3. Machinery
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tool Steel Market Size and Volume Forecast by Type
9.7.1. Carbon Tool Steel
9.7.2. Alloy Tool Steel
9.7.3. High Speed Tool Steel
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 Tool Steel Demand Share Forecast, 2019-2026
10. Latin America 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 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 Tool Steel Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Shipbuilding
10.4.3. Machinery
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tool Steel Market Size and Volume Forecast by Type
10.7.1. Carbon Tool Steel
10.7.2. Alloy Tool Steel
10.7.3. High Speed Tool Steel
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 Tool Steel Demand Share Forecast, 2019-2026
11. Europe 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 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 Tool Steel Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Shipbuilding
11.4.3. Machinery
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tool Steel Market Size and Volume Forecast by Type
11.7.1. Carbon Tool Steel
11.7.2. Alloy Tool Steel
11.7.3. High Speed Tool Steel
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 Tool Steel Demand Share, 2019-2026
12. Asia Pacific 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 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 Tool Steel Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Shipbuilding
12.4.3. Machinery
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tool Steel Market Size and Volume Forecast by Type
12.7.1. Carbon Tool Steel
12.7.2. Alloy Tool Steel
12.7.3. High Speed Tool Steel
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 Tool Steel Demand Share, 2019-2026
13. Middle East & Africa 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 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 Tool Steel Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Shipbuilding
13.4.3. Machinery
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tool Steel Market Size and Volume Forecast by Type
13.7.1. Carbon Tool Steel
13.7.2. Alloy Tool Steel
13.7.3. High Speed Tool Steel
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 Tool Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tool Steel Market: Market Share Analysis
14.2. Tool Steel Distributors and Customers
14.3. Tool Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Voestalpine
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SCHMOLZ?+?BICKENBACH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sandvik
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fushun Special Steel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BaoSteel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nachi-Fujikoshi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Qilu Special Steel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hitachi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ERAMET
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Universal Stainless
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hudson Tool Steel
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