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Vanadium High Speed Steel-Global Market Insights and Sales Trends 2025
Synopsis
The global Vanadium High Speed Steel market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Vanadium High Speed Steel in various end use industries. The expanding demands from the Cutting Cutlery, Precision Cutlery and Special Cutting Cutlery,, are propelling Vanadium High Speed Steel market. High Carbon And Vanadium High Speed 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 Standard Economical High-Speed Tool Steel segment is estimated at % CAGR for the next seven-year period.
The driving factors for the use and development of vanadium high-speed steel (VHSS) are as follows:
1. High-temperature performance: VHSS is known for its excellent heat resistance, which enables it to maintain its hardness and strength even at high temperatures. This makes it suitable for applications that involve cutting, drilling, and machining at elevated temperatures, such as in aerospace, automotive, and tooling industries.
2. Wear resistance: VHSS has superior wear resistance compared to traditional high-speed steels. It can withstand abrasive wear and maintain its cutting edge, allowing for longer tool life and increased productivity. This is particularly important in industries that require frequent and prolonged cutting, such as machining and metalworking.
3. Improved toughness: VHSS has higher toughness compared to conventional high-speed steels, which prevents tools from chipping or breaking during use. This enhances the overall performance and reliability of cutting tools, reducing the need for frequent tool replacements and downtime.
4. Versatility: VHSS can be used for a wide range of applications, including milling, drilling, turning, and broaching. Its versatility makes it well-suited for various industries, from automotive and aerospace to general engineering and manufacturing.
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 Vanadium High Speed 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 Vanadium High Speed 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 Vanadium High Speed Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vanadium High Speed 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 Vanadium High Speed Steel covered in this report include Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works and Sumitomo Electric Industries, etc.
The global Vanadium High Speed 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:
Sandvik AB
Nachi-Fujikoshi
OSG
Kennametal
YG-1 Tool
Walter AG
Tiangong International
Shanghai Tool Works
Sumitomo Electric Industries
TDC Cutting Tools
Global Vanadium High Speed 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 Vanadium High Speed Steel market, Segment by Type:
High Carbon And Vanadium High Speed Steel
Standard Economical High-Speed Tool Steel
Global Vanadium High Speed Steel market, by Application
Cutting Cutlery
Precision Cutlery
Special Cutting Cutlery
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 Vanadium High Speed Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Vanadium High Speed 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.
The global Vanadium High Speed Steel market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Vanadium High Speed Steel in various end use industries. The expanding demands from the Cutting Cutlery, Precision Cutlery and Special Cutting Cutlery,, are propelling Vanadium High Speed Steel market. High Carbon And Vanadium High Speed 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 Standard Economical High-Speed Tool Steel segment is estimated at % CAGR for the next seven-year period.
The driving factors for the use and development of vanadium high-speed steel (VHSS) are as follows:
1. High-temperature performance: VHSS is known for its excellent heat resistance, which enables it to maintain its hardness and strength even at high temperatures. This makes it suitable for applications that involve cutting, drilling, and machining at elevated temperatures, such as in aerospace, automotive, and tooling industries.
2. Wear resistance: VHSS has superior wear resistance compared to traditional high-speed steels. It can withstand abrasive wear and maintain its cutting edge, allowing for longer tool life and increased productivity. This is particularly important in industries that require frequent and prolonged cutting, such as machining and metalworking.
3. Improved toughness: VHSS has higher toughness compared to conventional high-speed steels, which prevents tools from chipping or breaking during use. This enhances the overall performance and reliability of cutting tools, reducing the need for frequent tool replacements and downtime.
4. Versatility: VHSS can be used for a wide range of applications, including milling, drilling, turning, and broaching. Its versatility makes it well-suited for various industries, from automotive and aerospace to general engineering and manufacturing.
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 Vanadium High Speed 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 Vanadium High Speed 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 Vanadium High Speed Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vanadium High Speed 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 Vanadium High Speed Steel covered in this report include Sandvik AB, Nachi-Fujikoshi, OSG, Kennametal, YG-1 Tool, Walter AG, Tiangong International, Shanghai Tool Works and Sumitomo Electric Industries, etc.
The global Vanadium High Speed 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:
Sandvik AB
Nachi-Fujikoshi
OSG
Kennametal
YG-1 Tool
Walter AG
Tiangong International
Shanghai Tool Works
Sumitomo Electric Industries
TDC Cutting Tools
Global Vanadium High Speed 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 Vanadium High Speed Steel market, Segment by Type:
High Carbon And Vanadium High Speed Steel
Standard Economical High-Speed Tool Steel
Global Vanadium High Speed Steel market, by Application
Cutting Cutlery
Precision Cutlery
Special Cutting Cutlery
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 Vanadium High Speed Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Vanadium High Speed 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 Vanadium High Speed Steel Market Overview
1.1 Vanadium High Speed Steel Product Overview
1.2 Vanadium High Speed Steel Market Segment by Type
1.2.1 High Carbon And Vanadium High Speed Steel
1.2.2 Standard Economical High-Speed Tool Steel
1.3 Global Vanadium High Speed Steel Market Size by Type
1.3.1 Global Vanadium High Speed Steel Market Size Overview by Type (2018-2029)
1.3.2 Global Vanadium High Speed Steel Historic Market Size Review by Type (2018-2023)
1.3.3 Global Vanadium High Speed Steel Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Vanadium High Speed Steel Sales Breakdown by Type (2018-2023)
1.4.2 Europe Vanadium High Speed Steel Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Vanadium High Speed Steel Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Vanadium High Speed Steel Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Vanadium High Speed Steel Sales Breakdown by Type (2018-2023)
2 Global Vanadium High Speed Steel Market Competition by Company
2.1 Global Top Players by Vanadium High Speed Steel Sales (2018-2023)
2.2 Global Top Players by Vanadium High Speed Steel Revenue (2018-2023)
2.3 Global Top Players by Vanadium High Speed Steel Price (2018-2023)
2.4 Global Top Manufacturers Vanadium High Speed Steel Manufacturing Base Distribution, Sales Area, Product Type
2.5 Vanadium High Speed Steel Market Competitive Situation and Trends
2.5.1 Vanadium High Speed Steel Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Vanadium High Speed 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 Vanadium High Speed Steel as of 2022)
2.7 Date of Key Manufacturers Enter into Vanadium High Speed Steel Market
2.8 Key Manufacturers Vanadium High Speed Steel Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Vanadium High Speed Steel Status and Outlook by Region
3.1 Global Vanadium High Speed Steel Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Vanadium High Speed Steel Historic Market Size by Region
3.2.1 Global Vanadium High Speed Steel Sales in Volume by Region (2018-2023)
3.2.2 Global Vanadium High Speed Steel Sales in Value by Region (2018-2023)
3.2.3 Global Vanadium High Speed Steel Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Vanadium High Speed Steel Forecasted Market Size by Region
3.3.1 Global Vanadium High Speed Steel Sales in Volume by Region (2024-2029)
3.3.2 Global Vanadium High Speed Steel Sales in Value by Region (2024-2029)
3.3.3 Global Vanadium High Speed Steel Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Vanadium High Speed Steel by Application
4.1 Vanadium High Speed Steel Market Segment by Application
4.1.1 Cutting Cutlery
4.1.2 Precision Cutlery
4.1.3 Special Cutting Cutlery
4.2 Global Vanadium High Speed Steel Market Size by Application
4.2.1 Global Vanadium High Speed Steel Market Size Overview by Application (2018-2029)
4.2.2 Global Vanadium High Speed Steel Historic Market Size Review by Application (2018-2023)
4.2.3 Global Vanadium High Speed Steel Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Vanadium High Speed Steel Sales Breakdown by Application (2018-2023)
4.3.2 Europe Vanadium High Speed Steel Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Vanadium High Speed Steel Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Vanadium High Speed Steel Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Vanadium High Speed Steel Sales Breakdown by Application (2018-2023)
5 North America Vanadium High Speed Steel by Country
5.1 North America Vanadium High Speed Steel Historic Market Size by Country
5.1.1 North America Vanadium High Speed Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Vanadium High Speed Steel Sales in Volume by Country (2018-2023)
5.1.3 North America Vanadium High Speed Steel Sales in Value by Country (2018-2023)
5.2 North America Vanadium High Speed Steel Forecasted Market Size by Country
5.2.1 North America Vanadium High Speed Steel Sales in Volume by Country (2024-2029)
5.2.2 North America Vanadium High Speed Steel Sales in Value by Country (2024-2029)
6 Europe Vanadium High Speed Steel by Country
6.1 Europe Vanadium High Speed Steel Historic Market Size by Country
6.1.1 Europe Vanadium High Speed Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Vanadium High Speed Steel Sales in Volume by Country (2018-2023)
6.1.3 Europe Vanadium High Speed Steel Sales in Value by Country (2018-2023)
6.2 Europe Vanadium High Speed Steel Forecasted Market Size by Country
6.2.1 Europe Vanadium High Speed Steel Sales in Volume by Country (2024-2029)
6.2.2 Europe Vanadium High Speed Steel Sales in Value by Country (2024-2029)
7 Asia-Pacific Vanadium High Speed Steel by Region
7.1 Asia-Pacific Vanadium High Speed Steel Historic Market Size by Region
7.1.1 Asia-Pacific Vanadium High Speed Steel Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Vanadium High Speed Steel Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Vanadium High Speed Steel Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Vanadium High Speed Steel Forecasted Market Size by Region
7.2.1 Asia-Pacific Vanadium High Speed Steel Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Vanadium High Speed Steel Sales in Value by Region (2024-2029)
8 Latin America Vanadium High Speed Steel by Country
8.1 Latin America Vanadium High Speed Steel Historic Market Size by Country
8.1.1 Latin America Vanadium High Speed Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Vanadium High Speed Steel Sales in Volume by Country (2018-2023)
8.1.3 Latin America Vanadium High Speed Steel Sales in Value by Country (2018-2023)
8.2 Latin America Vanadium High Speed Steel Forecasted Market Size by Country
8.2.1 Latin America Vanadium High Speed Steel Sales in Volume by Country (2024-2029)
8.2.2 Latin America Vanadium High Speed Steel Sales in Value by Country (2024-2029)
9 Middle East and Africa Vanadium High Speed Steel by Country
9.1 Middle East and Africa Vanadium High Speed Steel Historic Market Size by Country
9.1.1 Middle East and Africa Vanadium High Speed Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Vanadium High Speed Steel Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Vanadium High Speed Steel Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Vanadium High Speed Steel Forecasted Market Size by Country
9.2.1 Middle East and Africa Vanadium High Speed Steel Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Vanadium High Speed Steel Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Sandvik AB
10.1.1 Sandvik AB Company Information
10.1.2 Sandvik AB Introduction and Business Overview
10.1.3 Sandvik AB Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Sandvik AB Vanadium High Speed Steel Products Offered
10.1.5 Sandvik AB Recent Development
10.2 Nachi-Fujikoshi
10.2.1 Nachi-Fujikoshi Company Information
10.2.2 Nachi-Fujikoshi Introduction and Business Overview
10.2.3 Nachi-Fujikoshi Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Nachi-Fujikoshi Vanadium High Speed Steel Products Offered
10.2.5 Nachi-Fujikoshi Recent Development
10.3 OSG
10.3.1 OSG Company Information
10.3.2 OSG Introduction and Business Overview
10.3.3 OSG Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.3.4 OSG Vanadium High Speed Steel Products Offered
10.3.5 OSG Recent Development
10.4 Kennametal
10.4.1 Kennametal Company Information
10.4.2 Kennametal Introduction and Business Overview
10.4.3 Kennametal Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Kennametal Vanadium High Speed Steel Products Offered
10.4.5 Kennametal Recent Development
10.5 YG-1 Tool
10.5.1 YG-1 Tool Company Information
10.5.2 YG-1 Tool Introduction and Business Overview
10.5.3 YG-1 Tool Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.5.4 YG-1 Tool Vanadium High Speed Steel Products Offered
10.5.5 YG-1 Tool Recent Development
10.6 Walter AG
10.6.1 Walter AG Company Information
10.6.2 Walter AG Introduction and Business Overview
10.6.3 Walter AG Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Walter AG Vanadium High Speed Steel Products Offered
10.6.5 Walter AG Recent Development
10.7 Tiangong International
10.7.1 Tiangong International Company Information
10.7.2 Tiangong International Introduction and Business Overview
10.7.3 Tiangong International Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Tiangong International Vanadium High Speed Steel Products Offered
10.7.5 Tiangong International Recent Development
10.8 Shanghai Tool Works
10.8.1 Shanghai Tool Works Company Information
10.8.2 Shanghai Tool Works Introduction and Business Overview
10.8.3 Shanghai Tool Works Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Shanghai Tool Works Vanadium High Speed Steel Products Offered
10.8.5 Shanghai Tool Works Recent Development
10.9 Sumitomo Electric Industries
10.9.1 Sumitomo Electric Industries Company Information
10.9.2 Sumitomo Electric Industries Introduction and Business Overview
10.9.3 Sumitomo Electric Industries Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Sumitomo Electric Industries Vanadium High Speed Steel Products Offered
10.9.5 Sumitomo Electric Industries Recent Development
10.10 TDC Cutting Tools
10.10.1 TDC Cutting Tools Company Information
10.10.2 TDC Cutting Tools Introduction and Business Overview
10.10.3 TDC Cutting Tools Vanadium High Speed Steel Sales, Revenue and Gross Margin (2018-2023)
10.10.4 TDC Cutting Tools Vanadium High Speed Steel Products Offered
10.10.5 TDC Cutting Tools Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Vanadium High Speed 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 Vanadium High Speed Steel Industrial Chain Analysis
11.4 Vanadium High Speed Steel Market Dynamics
11.4.1 Vanadium High Speed Steel Industry Trends
11.4.2 Vanadium High Speed Steel Market Drivers
11.4.3 Vanadium High Speed Steel Market Challenges
11.4.4 Vanadium High Speed Steel Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Vanadium High Speed Steel Distributors
12.3 Vanadium High Speed 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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