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HSS Metal Cutting Tools-Global Market Insights and Sales Trends 2025
Synopsis
Tooling is important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, and form, drill, cut, shape, cut and cast, determine the quality of manufactured product.
The global HSS Metal Cutting Tools market size is expected to reach US$ 4889 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of HSS Metal Cutting Tools in various end use industries. The expanding demands from the Automobile Industry, Aircraft Industry, Oil & Gas Industry and Machinery Industry, are propelling HSS Metal Cutting Tools market. Milling Tools, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drilling Tools segment is estimated at % CAGR for the next seven-year period.
Major Key factors contributing to the growth of this market is increasing requirement to develop superior quality products. The Global High Speed Steel Metal Cutting Tools market has been witnessing a reduction in cost of high speed steel metal-cutting tools. However, growing preference for the carbide metal-cutting tools acts as a challenge to growth of this market.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HSS Metal Cutting Tools, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HSS Metal Cutting Tools market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HSS Metal Cutting Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HSS Metal Cutting Tools sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HSS Metal Cutting Tools covered in this report include Kennametal, LMT Onsrud, NACHI-FUJIKOSHI, OSG and Sandvik Coromant, etc.
The global HSS Metal Cutting Tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kennametal
LMT Onsrud
NACHI-FUJIKOSHI
OSG
Sandvik Coromant
Global HSS Metal Cutting Tools market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HSS Metal Cutting Tools market, Segment by Type:
Milling Tools
Drilling Tools
Tapping Tools
Global HSS Metal Cutting Tools market, by Application
Automobile Industry
Aircraft Industry
Oil & Gas Industry
Machinery Industry
Shipping Building Industry
Rail Transport Industry
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of HSS Metal Cutting Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HSS Metal Cutting Tools in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Tooling is important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, and form, drill, cut, shape, cut and cast, determine the quality of manufactured product.
The global HSS Metal Cutting Tools market size is expected to reach US$ 4889 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of HSS Metal Cutting Tools in various end use industries. The expanding demands from the Automobile Industry, Aircraft Industry, Oil & Gas Industry and Machinery Industry, are propelling HSS Metal Cutting Tools market. Milling Tools, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drilling Tools segment is estimated at % CAGR for the next seven-year period.
Major Key factors contributing to the growth of this market is increasing requirement to develop superior quality products. The Global High Speed Steel Metal Cutting Tools market has been witnessing a reduction in cost of high speed steel metal-cutting tools. However, growing preference for the carbide metal-cutting tools acts as a challenge to growth of this market.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for HSS Metal Cutting Tools, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global HSS Metal Cutting Tools market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global HSS Metal Cutting Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, HSS Metal Cutting Tools sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of HSS Metal Cutting Tools covered in this report include Kennametal, LMT Onsrud, NACHI-FUJIKOSHI, OSG and Sandvik Coromant, etc.
The global HSS Metal Cutting Tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kennametal
LMT Onsrud
NACHI-FUJIKOSHI
OSG
Sandvik Coromant
Global HSS Metal Cutting Tools market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global HSS Metal Cutting Tools market, Segment by Type:
Milling Tools
Drilling Tools
Tapping Tools
Global HSS Metal Cutting Tools market, by Application
Automobile Industry
Aircraft Industry
Oil & Gas Industry
Machinery Industry
Shipping Building Industry
Rail Transport Industry
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of HSS Metal Cutting Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of HSS Metal Cutting Tools in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 HSS Metal Cutting Tools Market Overview
1.1 HSS Metal Cutting Tools Product Overview
1.2 HSS Metal Cutting Tools Market Segment by Type
1.2.1 Milling Tools
1.2.2 Drilling Tools
1.2.3 Tapping Tools
1.3 Global HSS Metal Cutting Tools Market Size by Type
1.3.1 Global HSS Metal Cutting Tools Market Size Overview by Type (2018-2029)
1.3.2 Global HSS Metal Cutting Tools Historic Market Size Review by Type (2018-2023)
1.3.3 Global HSS Metal Cutting Tools Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America HSS Metal Cutting Tools Sales Breakdown by Type (2018-2023)
1.4.2 Europe HSS Metal Cutting Tools Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific HSS Metal Cutting Tools Sales Breakdown by Type (2018-2023)
1.4.4 Latin America HSS Metal Cutting Tools Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa HSS Metal Cutting Tools Sales Breakdown by Type (2018-2023)
2 Global HSS Metal Cutting Tools Market Competition by Company
2.1 Global Top Players by HSS Metal Cutting Tools Sales (2018-2023)
2.2 Global Top Players by HSS Metal Cutting Tools Revenue (2018-2023)
2.3 Global Top Players by HSS Metal Cutting Tools Price (2018-2023)
2.4 Global Top Manufacturers HSS Metal Cutting Tools Manufacturing Base Distribution, Sales Area, Product Type
2.5 HSS Metal Cutting Tools Market Competitive Situation and Trends
2.5.1 HSS Metal Cutting Tools Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by HSS Metal Cutting Tools Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in HSS Metal Cutting Tools as of 2022)
2.7 Date of Key Manufacturers Enter into HSS Metal Cutting Tools Market
2.8 Key Manufacturers HSS Metal Cutting Tools Product Offered
2.9 Mergers & Acquisitions, Expansion
3 HSS Metal Cutting Tools Status and Outlook by Region
3.1 Global HSS Metal Cutting Tools Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global HSS Metal Cutting Tools Historic Market Size by Region
3.2.1 Global HSS Metal Cutting Tools Sales in Volume by Region (2018-2023)
3.2.2 Global HSS Metal Cutting Tools Sales in Value by Region (2018-2023)
3.2.3 Global HSS Metal Cutting Tools Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global HSS Metal Cutting Tools Forecasted Market Size by Region
3.3.1 Global HSS Metal Cutting Tools Sales in Volume by Region (2024-2029)
3.3.2 Global HSS Metal Cutting Tools Sales in Value by Region (2024-2029)
3.3.3 Global HSS Metal Cutting Tools Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global HSS Metal Cutting Tools by Application
4.1 HSS Metal Cutting Tools Market Segment by Application
4.1.1 Automobile Industry
4.1.2 Aircraft Industry
4.1.3 Oil & Gas Industry
4.1.4 Machinery Industry
4.1.5 Shipping Building Industry
4.1.6 Rail Transport Industry
4.1.7 Others
4.2 Global HSS Metal Cutting Tools Market Size by Application
4.2.1 Global HSS Metal Cutting Tools Market Size Overview by Application (2018-2029)
4.2.2 Global HSS Metal Cutting Tools Historic Market Size Review by Application (2018-2023)
4.2.3 Global HSS Metal Cutting Tools Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America HSS Metal Cutting Tools Sales Breakdown by Application (2018-2023)
4.3.2 Europe HSS Metal Cutting Tools Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific HSS Metal Cutting Tools Sales Breakdown by Application (2018-2023)
4.3.4 Latin America HSS Metal Cutting Tools Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa HSS Metal Cutting Tools Sales Breakdown by Application (2018-2023)
5 North America HSS Metal Cutting Tools by Country
5.1 North America HSS Metal Cutting Tools Historic Market Size by Country
5.1.1 North America HSS Metal Cutting Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America HSS Metal Cutting Tools Sales in Volume by Country (2018-2023)
5.1.3 North America HSS Metal Cutting Tools Sales in Value by Country (2018-2023)
5.2 North America HSS Metal Cutting Tools Forecasted Market Size by Country
5.2.1 North America HSS Metal Cutting Tools Sales in Volume by Country (2024-2029)
5.2.2 North America HSS Metal Cutting Tools Sales in Value by Country (2024-2029)
6 Europe HSS Metal Cutting Tools by Country
6.1 Europe HSS Metal Cutting Tools Historic Market Size by Country
6.1.1 Europe HSS Metal Cutting Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe HSS Metal Cutting Tools Sales in Volume by Country (2018-2023)
6.1.3 Europe HSS Metal Cutting Tools Sales in Value by Country (2018-2023)
6.2 Europe HSS Metal Cutting Tools Forecasted Market Size by Country
6.2.1 Europe HSS Metal Cutting Tools Sales in Volume by Country (2024-2029)
6.2.2 Europe HSS Metal Cutting Tools Sales in Value by Country (2024-2029)
7 Asia-Pacific HSS Metal Cutting Tools by Region
7.1 Asia-Pacific HSS Metal Cutting Tools Historic Market Size by Region
7.1.1 Asia-Pacific HSS Metal Cutting Tools Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific HSS Metal Cutting Tools Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific HSS Metal Cutting Tools Sales in Value by Region (2018-2023)
7.2 Asia-Pacific HSS Metal Cutting Tools Forecasted Market Size by Region
7.2.1 Asia-Pacific HSS Metal Cutting Tools Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific HSS Metal Cutting Tools Sales in Value by Region (2024-2029)
8 Latin America HSS Metal Cutting Tools by Country
8.1 Latin America HSS Metal Cutting Tools Historic Market Size by Country
8.1.1 Latin America HSS Metal Cutting Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America HSS Metal Cutting Tools Sales in Volume by Country (2018-2023)
8.1.3 Latin America HSS Metal Cutting Tools Sales in Value by Country (2018-2023)
8.2 Latin America HSS Metal Cutting Tools Forecasted Market Size by Country
8.2.1 Latin America HSS Metal Cutting Tools Sales in Volume by Country (2024-2029)
8.2.2 Latin America HSS Metal Cutting Tools Sales in Value by Country (2024-2029)
9 Middle East and Africa HSS Metal Cutting Tools by Country
9.1 Middle East and Africa HSS Metal Cutting Tools Historic Market Size by Country
9.1.1 Middle East and Africa HSS Metal Cutting Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa HSS Metal Cutting Tools Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa HSS Metal Cutting Tools Sales in Value by Country (2018-2023)
9.2 Middle East and Africa HSS Metal Cutting Tools Forecasted Market Size by Country
9.2.1 Middle East and Africa HSS Metal Cutting Tools Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa HSS Metal Cutting Tools Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Kennametal
10.1.1 Kennametal Company Information
10.1.2 Kennametal Introduction and Business Overview
10.1.3 Kennametal HSS Metal Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Kennametal HSS Metal Cutting Tools Products Offered
10.1.5 Kennametal Recent Development
10.2 LMT Onsrud
10.2.1 LMT Onsrud Company Information
10.2.2 LMT Onsrud Introduction and Business Overview
10.2.3 LMT Onsrud HSS Metal Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.2.4 LMT Onsrud HSS Metal Cutting Tools Products Offered
10.2.5 LMT Onsrud Recent Development
10.3 NACHI-FUJIKOSHI
10.3.1 NACHI-FUJIKOSHI Company Information
10.3.2 NACHI-FUJIKOSHI Introduction and Business Overview
10.3.3 NACHI-FUJIKOSHI HSS Metal Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.3.4 NACHI-FUJIKOSHI HSS Metal Cutting Tools Products Offered
10.3.5 NACHI-FUJIKOSHI Recent Development
10.4 OSG
10.4.1 OSG Company Information
10.4.2 OSG Introduction and Business Overview
10.4.3 OSG HSS Metal Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.4.4 OSG HSS Metal Cutting Tools Products Offered
10.4.5 OSG Recent Development
10.5 Sandvik Coromant
10.5.1 Sandvik Coromant Company Information
10.5.2 Sandvik Coromant Introduction and Business Overview
10.5.3 Sandvik Coromant HSS Metal Cutting Tools Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sandvik Coromant HSS Metal Cutting Tools Products Offered
10.5.5 Sandvik Coromant Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 HSS Metal Cutting Tools Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 HSS Metal Cutting Tools Industrial Chain Analysis
11.4 HSS Metal Cutting Tools Market Dynamics
11.4.1 HSS Metal Cutting Tools Industry Trends
11.4.2 HSS Metal Cutting Tools Market Drivers
11.4.3 HSS Metal Cutting Tools Market Challenges
11.4.4 HSS Metal Cutting Tools Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 HSS Metal Cutting Tools Distributors
12.3 HSS Metal Cutting Tools Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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