In the context of machining, a cutting tool is any tool that is used to remove material from the workpiece by means of shear deformation. High-speed steel is the most common cutting tool material used today. High-speed steel cutting tools is much tough than ordinary cutting tools and easier for cutting. It retains its hardness at moderate temperatures. In machinery manufacturing, the majority use of HSS cutting tools is in machine tools.
This report contains market size and forecasts of High-speed Steel Cutting Tools in global, including the following market information:
Global High-speed Steel Cutting Tools Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global High-speed Steel Cutting Tools Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five High-speed Steel Cutting Tools companies in 2021 (%)
The global High-speed Steel Cutting Tools market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
HSS Milling Tools Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of High-speed Steel Cutting Tools include Sandvik, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter, DeWALT, Guhring and Tiangong International, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the High-speed Steel Cutting Tools manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global High-speed Steel Cutting Tools Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global High-speed Steel Cutting Tools Market Segment Percentages, by Type, 2021 (%)
HSS Milling Tools
HSS Drilling Tools
HSS Tapping Tools
HSS Reaming & Counterboring Tools
HSS Gear Cutting Tools
HSS Broaching Tools
Global High-speed Steel Cutting Tools Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global High-speed Steel Cutting Tools Market Segment Percentages, by Application, 2021 (%)
Automotive
Aircraft
Oil & Gas
Machinery
Shipping Building
Rail Transport
Others
Global High-speed Steel Cutting Tools Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global High-speed Steel Cutting Tools Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies High-speed Steel Cutting Tools revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies High-speed Steel Cutting Tools revenues share in global market, 2021 (%)
Key companies High-speed Steel Cutting Tools sales in global market, 2017-2022 (Estimated), (K Units)
Key companies High-speed Steel Cutting Tools sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sandvik
Nachi-Fujikoshi
OSG
Kennametal
YG-1 Tool
Walter
DeWALT
Guhring
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
Raymond Ltd (JK Files)
LMT Onsrud LP
Somta Tools
BIG Kaiser