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Global Tool Steel Market Research Report 2025
Synopsis
Tool Steel refers to a variety of carbon and alloy steels that are particularly well-suited to be made into tools. Tool steels are notable for their hardness, resistance to abrasion and deformation. Today, tool steel is widely used in various specific tool applications like dies, cutting, mold-making and hammers (personal or industrial). Tool Steel can retain a cutting edge at very high temperatures which is why they are often used in the shaping of other materials through cutting, pressing, coining or extruding. Their resistance to abrasion lends to their use in the production of injection molds.
The global Tool Steel market was valued at US$ 9283.8 million in 2023 and is anticipated to reach US$ 9705 million by 2030, witnessing a CAGR of 2.1% during the forecast period 2024-2030.
The major players in global tool steel market include Voestalpine, Tiangong International, Swiss Steel Group, etc. The top 3 players occupy about 27% shares of the global market. The global tool steel are mainly produced in East Asia and Europe, they occupied for a share over 50%. Americas is the largest market, has a share about 35%, followed by Asia-Pacific and Europe, with share 31% and 30%, separately.
This report aims to provide a comprehensive presentation of the global market for Tool Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tool Steel.
Report Scope
The Tool Steel market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Tool Steel market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tool Steel manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Voestalpine
Tiangong International
Swiss Steel Group
Daido Steel
Sanyo Special Steel
SIJ Metal Ravne
Dongbei Special Steel
SeAH CSS
Proterial (Hitachi Metals)
Nippon Koshuha Steel
Pangang
Crucible Industries
Baosteel
ArcelorMittal
Nachi-Fujikoshi
Qilu Special Steel
Segment by Type
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Segment by Application
Automotive
Household Appliances
Telecommunications
Construction
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Tool Steel manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tool Steel by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Tool Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Tool Steel refers to a variety of carbon and alloy steels that are particularly well-suited to be made into tools. Tool steels are notable for their hardness, resistance to abrasion and deformation. Today, tool steel is widely used in various specific tool applications like dies, cutting, mold-making and hammers (personal or industrial). Tool Steel can retain a cutting edge at very high temperatures which is why they are often used in the shaping of other materials through cutting, pressing, coining or extruding. Their resistance to abrasion lends to their use in the production of injection molds.
The global Tool Steel market was valued at US$ 9283.8 million in 2023 and is anticipated to reach US$ 9705 million by 2030, witnessing a CAGR of 2.1% during the forecast period 2024-2030.
The major players in global tool steel market include Voestalpine, Tiangong International, Swiss Steel Group, etc. The top 3 players occupy about 27% shares of the global market. The global tool steel are mainly produced in East Asia and Europe, they occupied for a share over 50%. Americas is the largest market, has a share about 35%, followed by Asia-Pacific and Europe, with share 31% and 30%, separately.
This report aims to provide a comprehensive presentation of the global market for Tool Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tool Steel.
Report Scope
The Tool Steel market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Tool Steel market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Tool Steel manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Voestalpine
Tiangong International
Swiss Steel Group
Daido Steel
Sanyo Special Steel
SIJ Metal Ravne
Dongbei Special Steel
SeAH CSS
Proterial (Hitachi Metals)
Nippon Koshuha Steel
Pangang
Crucible Industries
Baosteel
ArcelorMittal
Nachi-Fujikoshi
Qilu Special Steel
Segment by Type
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Segment by Application
Automotive
Household Appliances
Telecommunications
Construction
Others
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Tool Steel manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Tool Steel by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Tool Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Tool Steel Market Overview
1.1 Product Definition
1.2 Tool Steel Segment by Type
1.2.1 Global Tool Steel Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Carbon Tool Steel
1.2.3 Alloy Tool Steel
1.2.4 High Speed Tool Steel
1.3 Tool Steel Segment by Application
1.3.1 Global Tool Steel Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Automotive
1.3.3 Household Appliances
1.3.4 Telecommunications
1.3.5 Construction
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Tool Steel Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Tool Steel Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Tool Steel Production Estimates and Forecasts (2019-2030)
1.4.4 Global Tool Steel Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Tool Steel Production Market Share by Manufacturers (2019-2024)
2.2 Global Tool Steel Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Tool Steel, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Tool Steel Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Tool Steel Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Tool Steel, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Tool Steel, Product Offered and Application
2.8 Global Key Manufacturers of Tool Steel, Date of Enter into This Industry
2.9 Tool Steel Market Competitive Situation and Trends
2.9.1 Tool Steel Market Concentration Rate
2.9.2 Global 5 and 10 Largest Tool Steel Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Tool Steel Production by Region
3.1 Global Tool Steel Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Tool Steel Production Value by Region (2019-2030)
3.2.1 Global Tool Steel Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Tool Steel by Region (2025-2030)
3.3 Global Tool Steel Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Tool Steel Production by Region (2019-2030)
3.4.1 Global Tool Steel Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Tool Steel by Region (2025-2030)
3.5 Global Tool Steel Market Price Analysis by Region (2019-2024)
3.6 Global Tool Steel Production and Value, Year-over-Year Growth
3.6.1 North America Tool Steel Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Tool Steel Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Tool Steel Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Tool Steel Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Tool Steel Production Value Estimates and Forecasts (2019-2030)
4 Tool Steel Consumption by Region
4.1 Global Tool Steel Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Tool Steel Consumption by Region (2019-2030)
4.2.1 Global Tool Steel Consumption by Region (2019-2024)
4.2.2 Global Tool Steel Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Tool Steel Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Tool Steel Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Tool Steel Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Tool Steel Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Tool Steel Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Tool Steel Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Tool Steel Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Tool Steel Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Tool Steel Production by Type (2019-2030)
5.1.1 Global Tool Steel Production by Type (2019-2024)
5.1.2 Global Tool Steel Production by Type (2025-2030)
5.1.3 Global Tool Steel Production Market Share by Type (2019-2030)
5.2 Global Tool Steel Production Value by Type (2019-2030)
5.2.1 Global Tool Steel Production Value by Type (2019-2024)
5.2.2 Global Tool Steel Production Value by Type (2025-2030)
5.2.3 Global Tool Steel Production Value Market Share by Type (2019-2030)
5.3 Global Tool Steel Price by Type (2019-2030)
6 Segment by Application
6.1 Global Tool Steel Production by Application (2019-2030)
6.1.1 Global Tool Steel Production by Application (2019-2024)
6.1.2 Global Tool Steel Production by Application (2025-2030)
6.1.3 Global Tool Steel Production Market Share by Application (2019-2030)
6.2 Global Tool Steel Production Value by Application (2019-2030)
6.2.1 Global Tool Steel Production Value by Application (2019-2024)
6.2.2 Global Tool Steel Production Value by Application (2025-2030)
6.2.3 Global Tool Steel Production Value Market Share by Application (2019-2030)
6.3 Global Tool Steel Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Voestalpine
7.1.1 Voestalpine Tool Steel Corporation Information
7.1.2 Voestalpine Tool Steel Product Portfolio
7.1.3 Voestalpine Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Voestalpine Main Business and Markets Served
7.1.5 Voestalpine Recent Developments/Updates
7.2 Tiangong International
7.2.1 Tiangong International Tool Steel Corporation Information
7.2.2 Tiangong International Tool Steel Product Portfolio
7.2.3 Tiangong International Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Tiangong International Main Business and Markets Served
7.2.5 Tiangong International Recent Developments/Updates
7.3 Swiss Steel Group
7.3.1 Swiss Steel Group Tool Steel Corporation Information
7.3.2 Swiss Steel Group Tool Steel Product Portfolio
7.3.3 Swiss Steel Group Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Swiss Steel Group Main Business and Markets Served
7.3.5 Swiss Steel Group Recent Developments/Updates
7.4 Daido Steel
7.4.1 Daido Steel Tool Steel Corporation Information
7.4.2 Daido Steel Tool Steel Product Portfolio
7.4.3 Daido Steel Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Daido Steel Main Business and Markets Served
7.4.5 Daido Steel Recent Developments/Updates
7.5 Sanyo Special Steel
7.5.1 Sanyo Special Steel Tool Steel Corporation Information
7.5.2 Sanyo Special Steel Tool Steel Product Portfolio
7.5.3 Sanyo Special Steel Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Sanyo Special Steel Main Business and Markets Served
7.5.5 Sanyo Special Steel Recent Developments/Updates
7.6 SIJ Metal Ravne
7.6.1 SIJ Metal Ravne Tool Steel Corporation Information
7.6.2 SIJ Metal Ravne Tool Steel Product Portfolio
7.6.3 SIJ Metal Ravne Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.6.4 SIJ Metal Ravne Main Business and Markets Served
7.6.5 SIJ Metal Ravne Recent Developments/Updates
7.7 Dongbei Special Steel
7.7.1 Dongbei Special Steel Tool Steel Corporation Information
7.7.2 Dongbei Special Steel Tool Steel Product Portfolio
7.7.3 Dongbei Special Steel Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Dongbei Special Steel Main Business and Markets Served
7.7.5 Dongbei Special Steel Recent Developments/Updates
7.8 SeAH CSS
7.8.1 SeAH CSS Tool Steel Corporation Information
7.8.2 SeAH CSS Tool Steel Product Portfolio
7.8.3 SeAH CSS Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.8.4 SeAH CSS Main Business and Markets Served
7.7.5 SeAH CSS Recent Developments/Updates
7.9 Proterial (Hitachi Metals)
7.9.1 Proterial (Hitachi Metals) Tool Steel Corporation Information
7.9.2 Proterial (Hitachi Metals) Tool Steel Product Portfolio
7.9.3 Proterial (Hitachi Metals) Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Proterial (Hitachi Metals) Main Business and Markets Served
7.9.5 Proterial (Hitachi Metals) Recent Developments/Updates
7.10 Nippon Koshuha Steel
7.10.1 Nippon Koshuha Steel Tool Steel Corporation Information
7.10.2 Nippon Koshuha Steel Tool Steel Product Portfolio
7.10.3 Nippon Koshuha Steel Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Nippon Koshuha Steel Main Business and Markets Served
7.10.5 Nippon Koshuha Steel Recent Developments/Updates
7.11 Pangang
7.11.1 Pangang Tool Steel Corporation Information
7.11.2 Pangang Tool Steel Product Portfolio
7.11.3 Pangang Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Pangang Main Business and Markets Served
7.11.5 Pangang Recent Developments/Updates
7.12 Crucible Industries
7.12.1 Crucible Industries Tool Steel Corporation Information
7.12.2 Crucible Industries Tool Steel Product Portfolio
7.12.3 Crucible Industries Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Crucible Industries Main Business and Markets Served
7.12.5 Crucible Industries Recent Developments/Updates
7.13 Baosteel
7.13.1 Baosteel Tool Steel Corporation Information
7.13.2 Baosteel Tool Steel Product Portfolio
7.13.3 Baosteel Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Baosteel Main Business and Markets Served
7.13.5 Baosteel Recent Developments/Updates
7.14 ArcelorMittal
7.14.1 ArcelorMittal Tool Steel Corporation Information
7.14.2 ArcelorMittal Tool Steel Product Portfolio
7.14.3 ArcelorMittal Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.14.4 ArcelorMittal Main Business and Markets Served
7.14.5 ArcelorMittal Recent Developments/Updates
7.15 Nachi-Fujikoshi
7.15.1 Nachi-Fujikoshi Tool Steel Corporation Information
7.15.2 Nachi-Fujikoshi Tool Steel Product Portfolio
7.15.3 Nachi-Fujikoshi Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Nachi-Fujikoshi Main Business and Markets Served
7.15.5 Nachi-Fujikoshi Recent Developments/Updates
7.16 Qilu Special Steel
7.16.1 Qilu Special Steel Tool Steel Corporation Information
7.16.2 Qilu Special Steel Tool Steel Product Portfolio
7.16.3 Qilu Special Steel Tool Steel Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Qilu Special Steel Main Business and Markets Served
7.16.5 Qilu Special Steel Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Tool Steel Industry Chain Analysis
8.2 Tool Steel Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Tool Steel Production Mode & Process
8.4 Tool Steel Sales and Marketing
8.4.1 Tool Steel Sales Channels
8.4.2 Tool Steel Distributors
8.5 Tool Steel Customers
9 Tool Steel Market Dynamics
9.1 Tool Steel Industry Trends
9.2 Tool Steel Market Drivers
9.3 Tool Steel Market Challenges
9.4 Tool Steel Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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