Processing your payment...
Please do not close your browser.

High Speed Steel (HSS) Metal Cutting Tools Market - Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players : Tiangong International, Sumitomo Electric Industries, Ltd., Addison

16 Apr, 2022 | 182 Pages
Shares
facebook sharing button
linkedin sharing button
twitter sharing button
sharethis sharing button

Over the next five years, the High-Speed Steel (HSS) Metal Cutting Tools market will register a 4.3% CAGR in terms of revenue, the global market size will reach USD 9.2 billion by 2027.



High-Speed Steel (HSS) Metal Cutting Tools Market Overview



The high-speed steel cutting (HSS) metal cutting tools market is expected to register a moderate growth during the forecast period. The growth of the market is majorly driven by the increasing demand from several end-user industries such as automotive, aerospace, and others, across the world. Tooling is an important part of the manufacturing process since machine tools are used to bore, mill, grind, tap, drill, etc., and determine the quality of the manufactured product. Following two years of quiet moderation, the worldwide production of machine tools underwent explosive growth in 2017. Since cutting is an integrated part of the machine tools in the final operation, the growth of the machine tool market demands more tools. Generally, HSS cutting tools are fixed on CNC machine tools to develop complex products and shapes. China is the global leader in the high-speed steel cutting (HSS) metal cutting tools market. Worldwide, the machine tool cutting sector represented a major share in terms of production volume when compared to forming technology.



The report aspects discussed the profile of the top manufacturers of the global High-Speed Steel (HSS) Metal Cutting Tools market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined High-Speed Steel (HSS) Metal Cutting Tools Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.



Who are the Major Players in High-Speed Steel (HSS) Metal Cutting Tools Market?



The High-Speed Steel (HSS) Metal Cutting Tools Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools, Harbin No.1 Tool Manufacturing, Harbin Measuring & Cutting Tool, Tivoly, Addison, Chengliang Tools, Sutton Tools, Henan Yigong Zuanye, Raymond(JK Files), LMT Onsrud LP, DeWALT, Guhring, Jore Corporation, Somta Tools, BIG Kaiser and others.



Industry News:



Nachi-Fujikoshi launches high-efficiency, high-performance HSS "SG-ESR Drill"



The new "SG-ESR Drill" has been added to the lineup in the Nachi-Fujikoshi high-performance HSS SG Drill series. Sales were launched in September. In addition to the high-precision and long life of the SG Drill series, the "SG-ESR Drill" features substantially improved discharge of cutting chips while drilling, which enables high cutting performance in a wide range of applications, from carbon steel and alloyed steel to structural steel, stainless steel and titanium alloys.



What are the major Applications, Types, and Regions of the High-Speed Steel (HSS) Metal Cutting Tools Market?



By Type, it is segmented into




  •     HSS Milling Tools

  •     HSS Drilling Tools

  •     HSS Tapping Tools

  •     HSS Reaming & Counterboring Tools

  •     HSS Gear Cutting Tools

  •     HSS Broaching Tools

  • Metal Cutting Tools

  • Cold Working Tools

     



By Applications, it is segmented into




  •     Automobile Industry

  •     Aircraft Industry

  •     Oil & Gas Industry

  •     Machinery Industry

  •     Shipping Building Industry

  •     Rail Transport Industry

  •     Aerospace

  •     Construction Equipment

  •     Industrial Equipment

  •     Heavy Electrical Machines

  •     Others



High-Speed Steel (HSS) Metal Cutting Tools Market Regional Analysis



Asia-Pacific (APAC) is estimated to hold the highest market share in the current market studied. China is expected to be the major country in the region owing to its vast manufacturing sector. Although the world has entered the era of cemented carbide tools, domestically in China, high-speed steel (HSS) metal cutting tools still occupy a fairly strong share. However, China's high-speed steel (HSS) metal cutting tools are still mainly ordinary high-speed steel, and the grade of high-speed steel needs to be upgraded. In developed countries, the proportion of high-performance high-speed steel is more than that of China.



All these factors greatly affect the High-Speed Steel (HSS) Metal Cutting Tools market growth. It further aims at providing a complete overview on a detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,




  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





In the following years, the Middle East is expected to grow strongly. Increased industrialization and urbanisation are two powerful factors that could enhance the market in the near future. On addition, the major players are concentrating their efforts in this region. Africa, on the other hand, may experience moderate growth due to a lack of industry and advanced technologies.



What is our High-Speed Steel (HSS) Metal Cutting Tools Market report scope?























































 



Report Attributes



 



 



Report Details



 



Forecast Period 2022 to 2027 CAGR



 



CAGR of 4.3% during the review period (2022 to 2027).



 



By Type



 




  •     HSS Milling Tools

  •     HSS Drilling Tools

  •     HSS Tapping Tools

  •     HSS Reaming & Counterboring Tools

  •     HSS Gear Cutting Tools

  •     HSS Broaching Tools



 



By Application



 




  •     Automobile Industry

  •     Aircraft Industry

  •     Oil & Gas Industry

  •     Machinery Industry

  •     Shipping Building Industry

  •     Rail Transport Industry

  •     Others



 



 



 



By Companies



 



Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools, Harbin No.1 Tool Manufacturing, Harbin Measuring & Cutting Tool, Tivoly, Addison, Chengliang Tools, Sutton Tools, Henan Yigong Zuanye, Raymond(JK Files), LMT Onsrud LP, DeWALT, Guhring, Jore Corporation, Somta Tools, BIG Kaiser



 



 



Regions Covered



 




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



 



 



 



 



 



 



 



 



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



 



Base Year



 



 



2022



 



Historical Year



 



 



2017 to 2021



Forecast Year



 



2022 to 2027



 Number of Pages



 



182



 



Customization Available



 



 



Yes, the report can be customized as per your needs




 Key Takeaways from this High Speed Steel (HSS) Metal Cutting Tools Report




  • Evaluate High Speed Steel (HSS) Metal Cutting Tools market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the High Speed Steel (HSS) Metal Cutting Tools market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.



Frequently Asked Questions



What is the study period of this market?



The High Speed Steel (HSS) Metal Cutting Tools Market is studied from 2017 - 2027.



What is the growth rate of High Speed Steel (HSS) Metal Cutting Tools Market?



The High Speed Steel (HSS) Metal Cutting Tools Market is growing at a CAGR of 4.3% over the next 5 years.



Who are the key players in High Speed Steel (HSS) Metal Cutting Tools Market?



 Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works, Sumitomo Electric Industries, TDC Cutting Tools, Harbin No.1 Tool Manufacturing, Harbin Measuring & Cutting Tool, Tivoly, Addison, Chengliang Tools, Sutton Tools, Henan Yigong Zuanye, Raymond(JK Files), LMT Onsrud LP, DeWALT, Guhring, Jore Corporation, Somta Tools, BIG Kaiser



What region does this High Speed Steel (HSS) Metal Cutting Tools Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of High Speed Steel (HSS) Metal Cutting Tools Market?



HSS Milling Tools, HSS Drilling Tools, HSS Tapping Tools, HSS Reaming & Counterboring Tools, HSS Gear Cutting Tools, HSS Broaching Tools



What are the major end-use applications of High Speed Steel (HSS) Metal Cutting Tools Market?



Automobile Industry, Aircraft Industry, Oil & Gas Industry, Machinery Industry, Shipping Building Industry, Rail Transport Industry, Others


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL HIGH-SPEED STEEL (HSS) METAL CUTTING TOOLS MARKET BY TYPES

    3. GLOBAL HIGH-SPEED STEEL (HSS) METAL CUTTING TOOLS MARKET BY APPLICATION



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR HIGH-SPEED STEEL (HSS) METAL CUTTING TOOLS



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST OF RAW MATERIAL



    3. OPPORTUNITIES

      1. HIGH SPEED STEEL (HSS) METAL CUTTING TOOLS’ GROWTH

      2. APPLICATION OF HIGH-SPEED STEEL (HSS) METAL CUTTING TOOLS



    4. IMPACT OF COVID 19



  5. GLOBAL HIGH-SPEED STEEL (HSS) METAL CUTTING TOOLS MARKET, BY TYPES

    1. INTRODUCTIONS

    2. HSS MILLING TOOLS

    3. HSS DRILLING TOOLS

    4. HSS TAPPING TOOLS

    5. HSS REAMING & COUNTERBORING TOOLS

    6. HSS GEAR CUTTING TOOLS

    7. HSS BROACHING TOOLS

    8. OTHERS



  6. GLOBAL HIGH-SPEED STEEL (HSS) METAL CUTTING TOOLS MARKET, BY APPLICATIONS

    1. INTRODUCTIONS

    2. AUTOMOBILE INDUSTRY

    3. AIRCRAFT INDUSTRY

    4. OIL & GAS INDUSTRY

    5. MACHINERY INDUSTRY

    6. SHIPPING BUILDING INDUSTRY

    7. RAIL TRANSPORT INDUSTRY

    8. OTHERS



  7. GLOBAL HIGH-SPEED STEEL (HSS) METAL CUTTING TOOLS MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Sandvik AB

      2.  Nachi-Fujikoshi

      3.  OSG

      4.  Kennametal

      5.  YG-1 Tool

      6.  Walter AG

      7.  Tiangong International

      8.  Shanghai Tool Works

      9.  Sumitomo Electric Industries

      10.  TDC Cutting Tools

      11.  Harbin No.1 Tool Manufacturing

      12.  Harbin Measuring & Cutting Tool

      13.  Tivoly

      14.  Addison

      15.  Chengliang Tools

      16.  Sutton Tools

      17.  Henan Yigong Zuanye

      18.  Raymond(JK Files)

      19.  LMT Onsrud LP

      20.  DeWALT

      21.  Guhring

      22.  Jore Corporation

      23.  Somta Tools

      24.  BIG Kaiser





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

Please Choose License Type

  • Single User License
    $2500
  • Site License
    $3000
  • Global License
    $5000

How can we help you?

Reach us with your research requirements and we shall provide the optimum solution to suit your needs.

Curioust about Multiple Reports?

Discounts available for multiple report purchases.

Contact Us

Our Clients

  • 3M
  • Merck
  • IBM
  • Dow
  • Henkel
  • AirBus
  • Cummins
  • Intel
  • Sony