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HIGH SPEED STEEL (HSS) METAL CUTTING TOOLS

Global Market Trajectory & Analytics

MCP-1791

VALIDATED EXECUTIVE ENGAGEMENTS

POOL + OUTREACH

992
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

198
Interactions with Platform & by Email

PARTICIPANTS

42
Unique # Participated

VALIDATIONS

19
Responses Validated*
* Login to view program details and full enterprise executive list.

DATE

JULY 2020

TABLES

120

PAGES

237

EDITION

19

PRICE

USD $5450


Amid the COVID-19 crisis, the global market for High Speed Steel (HSS) Metal Cutting Tools estimated at US$6.9 Billion in the year 2020, is projected to reach a revised size of US$9.1 Billion by 2027, growing at a CAGR of 4% over the analysis period 2020-2027. HSS Tapping Tools, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$3.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the HSS Milling Tools segment is readjusted to a revised 3.6% CAGR for the next 7-year period.
The High Speed Steel (HSS) Metal Cutting Tools market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.
In the global HSS Drilling Tools segment, USA, Canada, Japan, China and Europe will drive the 3.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027, while Latin America will expand at a 4.8% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 237-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Addison & Co. Ltd.; Aloris Tool Technology Co. Inc.; BIG Kaiser Precision Tooling Inc.; DeWALT; Greenfield Industries Inc.; Guhring Inc.; Kennametal Inc.; LMT Group; LMT Onsrud LP; LMT Tools USA L.P. ; Morse Cutting Tools; Nachi America Inc.; Nachi-Fujikoshi Corp.; Niagara Cutter LLC; OSG Corporation; OSG Korea Corporation; OSG USA Inc.; Raymond Limited; Shanghai Machine Tool Works Ltd.; Somta Tools (Pty) Ltd.; Sutton Tools; Tiangong International Co. Ltd.; Tivoly SA; Walter AG; YG-1 Tool Co. Ltd.
» Product Type (HSS Tapping Tools, HSS Milling Tools, HSS Drilling Tools, HSS Reaming & Counterboring Tools, HSS Gear Cutting Tools, HSS Broaching Tools)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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05
1. MARKET OVERVIEW
Metal Cutting Tools: An Intrinsic Part of Machine Tools Industry
Recent Market Activity
High Speed Steel (HSS): An Established Material for Manufacturing Cutting Tools
HSS Metal Cutting Tools Market: An Overview
Importance of the Manufacturing Sector for HSS Metal Cutting Tools: A Brief Review
Market Prospects Remain Highly Favorable
Developing Regions to Maintain their Prominent Role in the Market Growth
Off-Shoring of Manufacturing Activity Boosts Demand
Rapid Mushrooming of Job Shops Spurs Cutting Tools Sales
Non-BRIC Emerging Markets to Exhibit Faster Growth in the Coming Decade
Developed Regions Continue to Generate Opportunities
Prevailing Macro Scenario Supports Market Expansion
Global Competitor Market Shares
High Speed Steel (HSS) Metal Cutting Tools Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Addison & Co., Ltd. (India)
Aloris Tool Technology Co., Inc. (USA)
BIG Kaiser Precision Tooling, Inc. (USA)
DeWALT (USA)
Greenfield Industries, Inc. (USA)
Guhring, Inc. (USA)
Kennametal, Inc. (USA)
LMT Group (Germany)
LMT Onsrud LP (USA)
LMT Tools USA L.P. (USA)
Morse Cutting Tools (USA)
Nachi-Fujikoshi Corp. (Japan)
Nachi America, Inc. (USA)
Niagara Cutter, LLC (USA)
OSG Corporation (Japan)
OSG Korea Corporation (South Korea)
OSG USA, Inc. (USA)
Somta Tools (Pty) Ltd. (South Africa)
Raymond Limited (India)
Sandvik Group (Sweden)
Sandvik Coromant Co. (Sweden)
Shanghai Machine Tool Works Ltd. (China)
Sutton Tools (Australia)
Tiangong International Co., Ltd. (China)
Tivoly SA (France)
Walter AG (Germany)
YG-1 Tool Co., Ltd. (South Korea)
3. MARKET TRENDS & DRIVERS
Taps: The Largest & Fastest Growing HSS Cutting Tools Segment
High Demand for Twist Drills Augurs Well
Sales of HSS End Mills Gather Steam
Growing Aircraft Production Instigates Significant Momentum
Opportunity Indicators
Stable Automotive Production Augurs Well
Opportunity Indicators
Heavy Equipment/Machinery Manufacturing Industry Extends Robust Opportunities
Expanding Application Areas to Boost Future Prospects
Robust Emphasis on Renewable Energy
Growing Investments in Railway Infrastructure Upgrade
Recycled & Scrap Metal Gain Traction in HSS Cutting Tools
Stable Alloying Metal Prices Diminish Cost Pressures
Growing Penetration of Cemented Carbide Cutting Tools: A Red Hot Issue
Despite Strong Competition From Carbide Tools, HSS Metal Cutting Tools will Continue to Flourish
Industry Pins Hopes on Powder Metallurgical HSS to Spearhead Market Revival
HSS PM Tools Bank on Performance Attributes to Compete in the Market
Technology Developments & Product Enhancements - Need of the Hour
Technology Evolution in the HSS Space
4. GLOBAL MARKET PERSPECTIVE
High Speed Steel (HSS) Metal Cutting Tools Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017
High Speed Steel (HSS) Metal Cutting Tools Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025
HSS Tapping Tools (Product Type) World Market by Region/Country in US$ Million: 2018 to 2025
HSS Tapping Tools (Product Type) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017
HSS Tapping Tools (Product Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025
HSS Milling Tools (Product Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025
HSS Milling Tools (Product Type) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017
HSS Milling Tools (Product Type) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025
HSS Drilling Tools (Product Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025
HSS Drilling Tools (Product Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017
HSS Drilling Tools (Product Type) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025
HSS Reaming & Counterboring Tools (Product Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025
HSS Reaming & Counterboring Tools (Product Type) Market Historic Review by Region/Country in US$ Million: 2009 to 2017
HSS Reaming & Counterboring Tools (Product Type) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025
HSS Gear Cutting Tools (Product Type) World Market by Region/Country in US$ Million: 2018 to 2025
HSS Gear Cutting Tools (Product Type) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017
HSS Gear Cutting Tools (Product Type) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025
HSS Broaching Tools (Product Type) World Market Estimates and Forecasts in US$ Million by Region/Country: 2018 to 2025
HSS Broaching Tools (Product Type) Market Worldwide Historic Review by Region/Country in US$ Million: 2009 to 2017
HSS Broaching Tools (Product Type) Market Percentage Share Distribution by Region/Country: 2009 VS 2019 VS 2025
GEOGRAPHIC MARKET ANALYSIS
United States
Market Facts & Figures
US High Speed Steel (HSS) Metal Cutting Tools Market Share (in %) by Company: 2020 & 2025
United States High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025
High Speed Steel (HSS) Metal Cutting Tools Market in the United States by Product Type: A Historic Review in US$ Million for 2009-2017
United States High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Canada
Canadian High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025
Canadian High Speed Steel (HSS) Metal Cutting Tools Historic Market Review by Product Type in US$ Million: 2009-2017
High Speed Steel (HSS) Metal Cutting Tools Market in Canada: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025
Japan
Japanese Market for High Speed Steel (HSS) Metal Cutting Tools: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Japan: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017
Japanese High Speed Steel (HSS) Metal Cutting Tools Market Share Analysis by Product Type: 2009 VS 2019 VS 2025
China
Chinese High Speed Steel (HSS) Metal Cutting Tools Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in China in US$ Million by Product Type: 2009-2017
Chinese High Speed Steel (HSS) Metal Cutting Tools Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025
Europe
Market Facts & Figures
European High Speed Steel (HSS) Metal Cutting Tools Market: Competitor Market Share Scenario (in %) for 2020 & 2025
European High Speed Steel (HSS) Metal Cutting Tools Market Demand Scenario in US$ Million by Region/Country: 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017
European High Speed Steel (HSS) Metal Cutting Tools Market Share Shift by Region/Country: 2009 VS 2019 VS 2025
European High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Europe in US$ Million by Product Type: A Historic Review for the Period 2009-2017
European High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
France
High Speed Steel (HSS) Metal Cutting Tools Market in France by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025
French High Speed Steel (HSS) Metal Cutting Tools Historic Market Scenario in US$ Million by Product Type: 2009-2017
French High Speed Steel (HSS) Metal Cutting Tools Market Share Analysis by Product Type: 2009 VS 2019 VS 2025
Germany
High Speed Steel (HSS) Metal Cutting Tools Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025
German High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in US$ Million by Product Type: 2009-2017
German High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Italy
Italian High Speed Steel (HSS) Metal Cutting Tools Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in Italy in US$ Million by Product Type: 2009-2017
Italian High Speed Steel (HSS) Metal Cutting Tools Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025
United Kingdom
United Kingdom Market for High Speed Steel (HSS) Metal Cutting Tools: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017
United Kingdom High Speed Steel (HSS) Metal Cutting Tools Market Share Analysis by Product Type: 2009 VS 2019 VS 2025
Spain
Spanish High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025
Spanish High Speed Steel (HSS) Metal Cutting Tools Historic Market Review by Product Type in US$ Million: 2009-2017
High Speed Steel (HSS) Metal Cutting Tools Market in Spain: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025
Russia
Russian High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025
High Speed Steel (HSS) Metal Cutting Tools Market in Russia by Product Type: A Historic Review in US$ Million for 2009-2017
Russian High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Rest of Europe
Rest of Europe High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Rest of Europe in US$ Million by Product Type: A Historic Review for the Period 2009-2017
Rest of Europe High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Asia-Pacific
Asia-Pacific High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017
Asia-Pacific High Speed Steel (HSS) Metal Cutting Tools Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025
High Speed Steel (HSS) Metal Cutting Tools Market in Asia-Pacific by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025
Asia-Pacific High Speed Steel (HSS) Metal Cutting Tools Historic Market Scenario in US$ Million by Product Type: 2009-2017
Asia-Pacific High Speed Steel (HSS) Metal Cutting Tools Market Share Analysis by Product Type: 2009 VS 2019 VS 2025
Australia
High Speed Steel (HSS) Metal Cutting Tools Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025
Australian High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in US$ Million by Product Type: 2009-2017
Australian High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
India
Indian High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025
Indian High Speed Steel (HSS) Metal Cutting Tools Historic Market Review by Product Type in US$ Million: 2009-2017
High Speed Steel (HSS) Metal Cutting Tools Market in India: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025
South Korea
High Speed Steel (HSS) Metal Cutting Tools Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025
South Korean High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in US$ Million by Product Type: 2009-2017
High Speed Steel (HSS) Metal Cutting Tools Market Share Distribution in South Korea by Product Type: 2009 VS 2019 VS 2025
Rest of Asia-Pacific
Rest of Asia-Pacific Market for High Speed Steel (HSS) Metal Cutting Tools: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017
Rest of Asia-Pacific High Speed Steel (HSS) Metal Cutting Tools Market Share Analysis by Product Type: 2009 VS 2019 VS 2025
Latin America
Latin American High Speed Steel (HSS) Metal Cutting Tools Market Trends by Region/Country in US$ Million: 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017
Latin American High Speed Steel (HSS) Metal Cutting Tools Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025
Latin American High Speed Steel (HSS) Metal Cutting Tools Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in Latin America in US$ Million by Product Type: 2009-2017
Latin American High Speed Steel (HSS) Metal Cutting Tools Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025
Argentina
Argentinean High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Argentina in US$ Million by Product Type: A Historic Review for the Period 2009-2017
Argentinean High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Brazil
High Speed Steel (HSS) Metal Cutting Tools Market in Brazil by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025
Brazilian High Speed Steel (HSS) Metal Cutting Tools Historic Market Scenario in US$ Million by Product Type: 2009-2017
Brazilian High Speed Steel (HSS) Metal Cutting Tools Market Share Analysis by Product Type: 2009 VS 2019 VS 2025
Mexico
High Speed Steel (HSS) Metal Cutting Tools Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025
Mexican High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in US$ Million by Product Type: 2009-2017
Mexican High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Rest of Latin America
Rest of Latin America High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025
High Speed Steel (HSS) Metal Cutting Tools Market in Rest of Latin America by Product Type: A Historic Review in US$ Million for 2009-2017
Rest of Latin America High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Middle East
The Middle East High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in the Middle East by Region/Country in US$ Million: 2009-2017
The Middle East High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Region/Country: 2009, 2019, and 2025
The Middle East High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025
The Middle East High Speed Steel (HSS) Metal Cutting Tools Historic Market by Product Type in US$ Million: 2009-2017
High Speed Steel (HSS) Metal Cutting Tools Market in the Middle East: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025
Iran
Iranian Market for High Speed Steel (HSS) Metal Cutting Tools: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Iran: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017
Iranian High Speed Steel (HSS) Metal Cutting Tools Market Share Analysis by Product Type: 2009 VS 2019 VS 2025
Israel
Israeli High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Market in Israel in US$ Million by Product Type: A Historic Review for the Period 2009-2017
Israeli High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Saudi Arabia
Saudi Arabian High Speed Steel (HSS) Metal Cutting Tools Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025
High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in Saudi Arabia in US$ Million by Product Type: 2009-2017
Saudi Arabian High Speed Steel (HSS) Metal Cutting Tools Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025
United Arab Emirates
High Speed Steel (HSS) Metal Cutting Tools Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025
United Arab Emirates High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in US$ Million by Product Type: 2009-2017
High Speed Steel (HSS) Metal Cutting Tools Market Share Distribution in United Arab Emirates by Product Type: 2009 VS 2019 VS 2025
Rest of Middle East
High Speed Steel (HSS) Metal Cutting Tools Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025
Rest of Middle East High Speed Steel (HSS) Metal Cutting Tools Historic Market Analysis in US$ Million by Product Type: 2009-2017
Rest of Middle East High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Africa
African High Speed Steel (HSS) Metal Cutting Tools Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025
High Speed Steel (HSS) Metal Cutting Tools Market in Africa by Product Type: A Historic Review in US$ Million for 2009-2017
African High Speed Steel (HSS) Metal Cutting Tools Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
Total Companies Profiled : 83

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