Global vanadium high speed steel market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for high-quality knives and blades in various industries such as food processing, construction, and automotive industry. The demand for these products is also increasing due to their durability and corrosion resistance properties.
The global vanadium high speed steel market has been segmented on the basis of type (W12Cr4V4Mo, W6Mo5Cr4V3), application (cutting cutlery, precision cutlery, special cutting cutlery), and region (North America, Latin America, Europe, Asia Pacific & Middle East & Africa). North America accounted for the largest share in 2018 owing to its large population base and higher disposable income levels which are driving demand for premium knives in this region.
Some Of The Growth Factors Of This Market:
- Vanadium High Speed Steel is a type of steel that has a high hardness and wear resistance.
- Vanadium High Speed Steel is used in the production of cutting tools, such as drills, taps, and dies.
- The demand for Vanadium High Speed Steel is expected to increase due to the increasing demand for drilling equipment in oil and gas exploration activities around the world.
- The price of Vanadium High Speed Steel is expected to increase due to its limited supply from China's production ban on scrap metal imports which will lead to an increased demand for raw materials such as iron ore and coal which are needed in the production process of Vanadium High Speed Steel.
- The global economic slowdown has led many companies to cut back on their capital expenditure plans which will lead them to reduce their use of cutting tools made from Vanadium High Speed Steel.
Industry Growth Insights published a new data on “Vanadium High Speed Steel Market”. The research report is titled “Vanadium High Speed Steel Market research by Types (W12Cr4V4Mo, W6Mo5Cr4V3), By Applications (Cutting Cutlery, Precision Cutlery, Special Cutting Cutlery), By Players/Companies Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vanadium High Speed Steel Market Research Report
By Type
W12Cr4V4Mo, W6Mo5Cr4V3
By Application
Cutting Cutlery, Precision Cutlery, Special Cutting Cutlery
By Companies
Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Vanadium High Speed Steel Market Report Segments:
The global Vanadium High Speed Steel market is segmented on the basis of:
Types
W12Cr4V4Mo, W6Mo5Cr4V3
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:
- Sandvik AB
- Nachi-Fujikoshi
- OSG
- Kennametal
- YG-1 Tool
- Walter AG
- Tiangong International
- Shanghai Tool Works
- Sumitomo Electric Industries
- TDC Cutting Tools
Highlights of The Vanadium 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:
- W12Cr4V4Mo
- W6Mo5Cr4V3
- 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 Vanadium 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?
Vanadium high speed steel is a type of steel that contains vanadium. Vanadium is a metal that has some unique properties, including being able to resist corrosion and being strong enough to be used in high-speed applications.
Some of the key players operating in the vanadium high speed steel market are Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools.
The vanadium high speed steel market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vanadium 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. Vanadium 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. Vanadium High Speed Steel Market - Supply Chain
4.5. Global Vanadium High Speed Steel Market Forecast
4.5.1. Vanadium High Speed Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vanadium High Speed Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vanadium High Speed Steel Market Absolute $ Opportunity
5. Global Vanadium 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. Vanadium High Speed Steel Market Size and Volume Forecast by Type
5.3.1. W12Cr4V4Mo
5.3.2. W6Mo5Cr4V3
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vanadium 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. Vanadium 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 Vanadium 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. Vanadium 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 Vanadium 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. Vanadium 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 Vanadium High Speed Steel Demand Share Forecast, 2019-2026
9. North America Vanadium 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 Vanadium 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 Vanadium 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 Vanadium High Speed Steel Market Size and Volume Forecast by Type
9.7.1. W12Cr4V4Mo
9.7.2. W6Mo5Cr4V3
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 Vanadium High Speed Steel Demand Share Forecast, 2019-2026
10. Latin America Vanadium 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 Vanadium 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 Vanadium 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 Vanadium High Speed Steel Market Size and Volume Forecast by Type
10.7.1. W12Cr4V4Mo
10.7.2. W6Mo5Cr4V3
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 Vanadium High Speed Steel Demand Share Forecast, 2019-2026
11. Europe Vanadium 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 Vanadium 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 Vanadium 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 Vanadium High Speed Steel Market Size and Volume Forecast by Type
11.7.1. W12Cr4V4Mo
11.7.2. W6Mo5Cr4V3
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 Vanadium High Speed Steel Demand Share, 2019-2026
12. Asia Pacific Vanadium 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 Vanadium 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 Vanadium 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 Vanadium High Speed Steel Market Size and Volume Forecast by Type
12.7.1. W12Cr4V4Mo
12.7.2. W6Mo5Cr4V3
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 Vanadium High Speed Steel Demand Share, 2019-2026
13. Middle East & Africa Vanadium 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 Vanadium 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 Vanadium 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 Vanadium High Speed Steel Market Size and Volume Forecast by Type
13.7.1. W12Cr4V4Mo
13.7.2. W6Mo5Cr4V3
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 Vanadium High Speed Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vanadium High Speed Steel Market: Market Share Analysis
14.2. Vanadium High Speed Steel Distributors and Customers
14.3. Vanadium High Speed Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik AB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nachi-Fujikoshi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. OSG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kennametal
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. YG-1 Tool
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Walter AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tiangong International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shanghai Tool Works
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sumitomo Electric Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TDC Cutting Tools
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
