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Tool Steel-Global Market Insights and Sales Trends 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 size is expected to reach US$ 9705 million by 2029, growing at a CAGR of 2.1% from 2023 to 2029. The market is mainly driven by the significant applications of Tool Steel in various end use industries. The expanding demands from the Automotive, Household Appliances, Telecommunications and Construction, are propelling Tool Steel market. Carbon Tool Steel, 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 Alloy Tool Steel segment is estimated at % CAGR for the next seven-year period.
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.
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 Tool Steel, 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 Tool Steel 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 Tool Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tool Steel 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 Tool Steel covered in this report include Voestalpine, Tiangong International, Swiss Steel Group, Daido Steel, Sanyo Special Steel, SIJ Metal Ravne, Dongbei Special Steel, SeAH CSS and Proterial (Hitachi Metals), etc.
The global Tool Steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Tool Steel 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 Tool Steel market, Segment by Type:
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Global Tool Steel market, by Application
Automotive
Household Appliances
Telecommunications
Construction
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 Tool Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tool Steel 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.
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 size is expected to reach US$ 9705 million by 2029, growing at a CAGR of 2.1% from 2023 to 2029. The market is mainly driven by the significant applications of Tool Steel in various end use industries. The expanding demands from the Automotive, Household Appliances, Telecommunications and Construction, are propelling Tool Steel market. Carbon Tool Steel, 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 Alloy Tool Steel segment is estimated at % CAGR for the next seven-year period.
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.
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 Tool Steel, 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 Tool Steel 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 Tool Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tool Steel 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 Tool Steel covered in this report include Voestalpine, Tiangong International, Swiss Steel Group, Daido Steel, Sanyo Special Steel, SIJ Metal Ravne, Dongbei Special Steel, SeAH CSS and Proterial (Hitachi Metals), etc.
The global Tool Steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Tool Steel 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 Tool Steel market, Segment by Type:
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Global Tool Steel market, by Application
Automotive
Household Appliances
Telecommunications
Construction
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 Tool Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tool Steel 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 Tool Steel Market Overview
1.1 Tool Steel Product Overview
1.2 Tool Steel Market Segment by Type
1.2.1 Carbon Tool Steel
1.2.2 Alloy Tool Steel
1.2.3 High Speed Tool Steel
1.3 Global Tool Steel Market Size by Type
1.3.1 Global Tool Steel Market Size Overview by Type (2018-2029)
1.3.2 Global Tool Steel Historic Market Size Review by Type (2018-2023)
1.3.3 Global Tool Steel Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Tool Steel Sales Breakdown by Type (2018-2023)
1.4.2 Europe Tool Steel Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Tool Steel Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Tool Steel Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Tool Steel Sales Breakdown by Type (2018-2023)
2 Global Tool Steel Market Competition by Company
2.1 Global Top Players by Tool Steel Sales (2018-2023)
2.2 Global Top Players by Tool Steel Revenue (2018-2023)
2.3 Global Top Players by Tool Steel Price (2018-2023)
2.4 Global Top Manufacturers Tool Steel Manufacturing Base Distribution, Sales Area, Product Type
2.5 Tool Steel Market Competitive Situation and Trends
2.5.1 Tool Steel Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Tool Steel 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 Tool Steel as of 2022)
2.7 Date of Key Manufacturers Enter into Tool Steel Market
2.8 Key Manufacturers Tool Steel Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Tool Steel Status and Outlook by Region
3.1 Global Tool Steel Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Tool Steel Historic Market Size by Region
3.2.1 Global Tool Steel Sales in Volume by Region (2018-2023)
3.2.2 Global Tool Steel Sales in Value by Region (2018-2023)
3.2.3 Global Tool Steel Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Tool Steel Forecasted Market Size by Region
3.3.1 Global Tool Steel Sales in Volume by Region (2024-2029)
3.3.2 Global Tool Steel Sales in Value by Region (2024-2029)
3.3.3 Global Tool Steel Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Tool Steel by Application
4.1 Tool Steel Market Segment by Application
4.1.1 Automotive
4.1.2 Household Appliances
4.1.3 Telecommunications
4.1.4 Construction
4.1.5 Others
4.2 Global Tool Steel Market Size by Application
4.2.1 Global Tool Steel Market Size Overview by Application (2018-2029)
4.2.2 Global Tool Steel Historic Market Size Review by Application (2018-2023)
4.2.3 Global Tool Steel Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Tool Steel Sales Breakdown by Application (2018-2023)
4.3.2 Europe Tool Steel Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Tool Steel Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Tool Steel Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Tool Steel Sales Breakdown by Application (2018-2023)
5 North America Tool Steel by Country
5.1 North America Tool Steel Historic Market Size by Country
5.1.1 North America Tool Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Tool Steel Sales in Volume by Country (2018-2023)
5.1.3 North America Tool Steel Sales in Value by Country (2018-2023)
5.2 North America Tool Steel Forecasted Market Size by Country
5.2.1 North America Tool Steel Sales in Volume by Country (2024-2029)
5.2.2 North America Tool Steel Sales in Value by Country (2024-2029)
6 Europe Tool Steel by Country
6.1 Europe Tool Steel Historic Market Size by Country
6.1.1 Europe Tool Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Tool Steel Sales in Volume by Country (2018-2023)
6.1.3 Europe Tool Steel Sales in Value by Country (2018-2023)
6.2 Europe Tool Steel Forecasted Market Size by Country
6.2.1 Europe Tool Steel Sales in Volume by Country (2024-2029)
6.2.2 Europe Tool Steel Sales in Value by Country (2024-2029)
7 Asia-Pacific Tool Steel by Region
7.1 Asia-Pacific Tool Steel Historic Market Size by Region
7.1.1 Asia-Pacific Tool Steel Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Tool Steel Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Tool Steel Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Tool Steel Forecasted Market Size by Region
7.2.1 Asia-Pacific Tool Steel Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Tool Steel Sales in Value by Region (2024-2029)
8 Latin America Tool Steel by Country
8.1 Latin America Tool Steel Historic Market Size by Country
8.1.1 Latin America Tool Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Tool Steel Sales in Volume by Country (2018-2023)
8.1.3 Latin America Tool Steel Sales in Value by Country (2018-2023)
8.2 Latin America Tool Steel Forecasted Market Size by Country
8.2.1 Latin America Tool Steel Sales in Volume by Country (2024-2029)
8.2.2 Latin America Tool Steel Sales in Value by Country (2024-2029)
9 Middle East and Africa Tool Steel by Country
9.1 Middle East and Africa Tool Steel Historic Market Size by Country
9.1.1 Middle East and Africa Tool Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Tool Steel Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Tool Steel Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Tool Steel Forecasted Market Size by Country
9.2.1 Middle East and Africa Tool Steel Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Tool Steel Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Voestalpine
10.1.1 Voestalpine Company Information
10.1.2 Voestalpine Introduction and Business Overview
10.1.3 Voestalpine Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Voestalpine Tool Steel Products Offered
10.1.5 Voestalpine Recent Development
10.2 Tiangong International
10.2.1 Tiangong International Company Information
10.2.2 Tiangong International Introduction and Business Overview
10.2.3 Tiangong International Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Tiangong International Tool Steel Products Offered
10.2.5 Tiangong International Recent Development
10.3 Swiss Steel Group
10.3.1 Swiss Steel Group Company Information
10.3.2 Swiss Steel Group Introduction and Business Overview
10.3.3 Swiss Steel Group Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Swiss Steel Group Tool Steel Products Offered
10.3.5 Swiss Steel Group Recent Development
10.4 Daido Steel
10.4.1 Daido Steel Company Information
10.4.2 Daido Steel Introduction and Business Overview
10.4.3 Daido Steel Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Daido Steel Tool Steel Products Offered
10.4.5 Daido Steel Recent Development
10.5 Sanyo Special Steel
10.5.1 Sanyo Special Steel Company Information
10.5.2 Sanyo Special Steel Introduction and Business Overview
10.5.3 Sanyo Special Steel Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sanyo Special Steel Tool Steel Products Offered
10.5.5 Sanyo Special Steel Recent Development
10.6 SIJ Metal Ravne
10.6.1 SIJ Metal Ravne Company Information
10.6.2 SIJ Metal Ravne Introduction and Business Overview
10.6.3 SIJ Metal Ravne Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.6.4 SIJ Metal Ravne Tool Steel Products Offered
10.6.5 SIJ Metal Ravne Recent Development
10.7 Dongbei Special Steel
10.7.1 Dongbei Special Steel Company Information
10.7.2 Dongbei Special Steel Introduction and Business Overview
10.7.3 Dongbei Special Steel Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Dongbei Special Steel Tool Steel Products Offered
10.7.5 Dongbei Special Steel Recent Development
10.8 SeAH CSS
10.8.1 SeAH CSS Company Information
10.8.2 SeAH CSS Introduction and Business Overview
10.8.3 SeAH CSS Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.8.4 SeAH CSS Tool Steel Products Offered
10.8.5 SeAH CSS Recent Development
10.9 Proterial (Hitachi Metals)
10.9.1 Proterial (Hitachi Metals) Company Information
10.9.2 Proterial (Hitachi Metals) Introduction and Business Overview
10.9.3 Proterial (Hitachi Metals) Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Proterial (Hitachi Metals) Tool Steel Products Offered
10.9.5 Proterial (Hitachi Metals) Recent Development
10.10 Nippon Koshuha Steel
10.10.1 Nippon Koshuha Steel Company Information
10.10.2 Nippon Koshuha Steel Introduction and Business Overview
10.10.3 Nippon Koshuha Steel Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Nippon Koshuha Steel Tool Steel Products Offered
10.10.5 Nippon Koshuha Steel Recent Development
10.11 Pangang
10.11.1 Pangang Company Information
10.11.2 Pangang Introduction and Business Overview
10.11.3 Pangang Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Pangang Tool Steel Products Offered
10.11.5 Pangang Recent Development
10.12 Crucible Industries
10.12.1 Crucible Industries Company Information
10.12.2 Crucible Industries Introduction and Business Overview
10.12.3 Crucible Industries Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Crucible Industries Tool Steel Products Offered
10.12.5 Crucible Industries Recent Development
10.13 Baosteel
10.13.1 Baosteel Company Information
10.13.2 Baosteel Introduction and Business Overview
10.13.3 Baosteel Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Baosteel Tool Steel Products Offered
10.13.5 Baosteel Recent Development
10.14 ArcelorMittal
10.14.1 ArcelorMittal Company Information
10.14.2 ArcelorMittal Introduction and Business Overview
10.14.3 ArcelorMittal Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.14.4 ArcelorMittal Tool Steel Products Offered
10.14.5 ArcelorMittal Recent Development
10.15 Nachi-Fujikoshi
10.15.1 Nachi-Fujikoshi Company Information
10.15.2 Nachi-Fujikoshi Introduction and Business Overview
10.15.3 Nachi-Fujikoshi Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Nachi-Fujikoshi Tool Steel Products Offered
10.15.5 Nachi-Fujikoshi Recent Development
10.16 Qilu Special Steel
10.16.1 Qilu Special Steel Company Information
10.16.2 Qilu Special Steel Introduction and Business Overview
10.16.3 Qilu Special Steel Tool Steel Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Qilu Special Steel Tool Steel Products Offered
10.16.5 Qilu Special Steel Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Tool Steel 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 Tool Steel Industrial Chain Analysis
11.4 Tool Steel Market Dynamics
11.4.1 Tool Steel Industry Trends
11.4.2 Tool Steel Market Drivers
11.4.3 Tool Steel Market Challenges
11.4.4 Tool Steel Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Tool Steel Distributors
12.3 Tool Steel 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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