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Global High-speed Steel Cutting Tools Market 2019-2023 - Product Image

Global High-speed Steel Cutting Tools Market 2019-2023

  • ID: 4758492
  • Report
  • Region: Global
  • 117 pages
  • TechNavio
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FEATURED COMPANIES

  • Kennametal Inc.
  • NACHI-FUJIKOSHI CORP.
  • OSG Corporation
  • Sandvik AB
  • YG-1 Co.
  • MORE
The most important aspect of any product development process is the design that helps give the desired shape to the final product. HSS cutting tools are fixed on CNC metal cutting machines to develop complex products and shapes. Owing to the inherent properties, such as high wear resistance and the hardness of HSS cutting tools even in high-temperature operations, HSS cutting tools are suitable for mass production.

The lifecycle of tools has a direct impact on the productivity and profitability of the end-users. HSS cutting tools have a long tool life due to their excellent hardness and toughness compared with solid carbide cutting tools. Thus, owing to the increased focus of manufacturers on performing efficient and reliable machining, the adoption of HSS cutting tools is expected to rise during the forecast period. The analysts have predicted that the high-speed steel cutting tools market will register a CAGR of over 4% by 2023.

Market Overview

Growing demand for fabricating metal products

HSS cutting tools are used for cutting metal sheets. They are also used for milling, drilling, boring, tapping, and broaching metal parts. Since HSS cutting tools are used in the metal fabrication process, the growth of the global metal fabrication market has a direct impact on the growth of the global HSS cutting tools market.

Volatile raw materials prices

Vendors invest heavily in acquiring these raw materials. These materials are ideally suitable for applications in extreme conditions because of their high melting point and ruggedness. However, the prices of these materials are influenced by several other factors such as inflation, availability, and production.

For the detailed list of factors that will drive and challenge the growth of the high-speed steel cutting tools market during the 2019-2023, view the full report.

Competitive Landscape

The market appears to be fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Kennametal Inc.
  • NACHI-FUJIKOSHI CORP.
  • OSG Corporation
  • Sandvik AB
  • YG-1 Co.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Milling tools - Market size and forecast 2018-2023
  • Drilling tools - Market size and forecast 2018-2023
  • Tapping tools - Market size and forecast 2018-2023
  • Other tools - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Advances in HSS cutting tools
  • Increasing use of additive manufacturing
  • Development of ceramics and other materials for cutting tools
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Kennametal Inc.
  • NACHI-FUJIKOSHI CORP.
  • OSG Corporation
  • Sandvik AB
  • YG-1 Co.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global machine tools market
Exhibit 02: Segments of global machine tools market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: Milling tools - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Milling tools - Year-over-year growth 2019-2023 (%)
Exhibit 21: Drilling tools - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Drilling tools - Year-over-year growth 2019-2023 (%)
Exhibit 23: Tapping tools - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Tapping tools - Year-over-year growth 2019-2023 (%)
Exhibit 25: Other tools - Market size and forecast 2018-2023 ($ millions)
Exhibit 26: Other tools - Year-over-year growth 2019-2023 (%)
Exhibit 27: Market opportunity by product
Exhibit 28: Customer landscape
Exhibit 29: Market share by geography 2018-2023 (%)
Exhibit 30: Geographic comparison
Exhibit 31: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 33: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 35: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: North America - Year-over-year growth 2019-2023 (%)
Exhibit 37: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: South America - Year-over-year growth 2019-2023 (%)
Exhibit 39: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 40: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 41: Key leading countries
Exhibit 42: Market opportunity
Exhibit 43: Typical compositions of HSS
Exhibit 44: Price of cobalt and molybdenum 2016-2018 ($ thousand per metric ton)
Exhibit 45: Impact of drivers and challenges
Exhibit 46: Vendor landscape
Exhibit 47: Landscape disruption
Exhibit 48: Vendors covered
Exhibit 49: Vendor classification
Exhibit 50: Market positioning of vendors
Exhibit 51: Kennametal Inc. - Vendor overview
Exhibit 52: Kennametal Inc. - Business segments
Exhibit 53: Kennametal Inc. - Organizational developments
Exhibit 54: Kennametal Inc. - Geographic focus
Exhibit 55: Kennametal Inc. - Segment focus
Exhibit 56: Kennametal Inc. - Key offerings
Exhibit 57: NACHI-FUJIKOSHI CORP. - Vendor overview
Exhibit 58: NACHI-FUJIKOSHI CORP. - Business segments
Exhibit 59: NACHI-FUJIKOSHI CORP. - Geographic focus
Exhibit 60: NACHI-FUJIKOSHI CORP. - Segment focus
Exhibit 61: NACHI-FUJIKOSHI CORP. - Key offerings
Exhibit 62: OSG Corporation - Vendor overview
Exhibit 63: OSG Corporation - Product segments
Exhibit 64: OSG Corporation - Geographic focus
Exhibit 65: OSG Corporation - Segment focus
Exhibit 66: OSG Corporation - Key offerings
Exhibit 67: Sandvik AB - Vendor overview
Exhibit 68: Sandvik AB - Business segments
Exhibit 69: Sandvik AB - Organizational developments
Exhibit 70: Sandvik AB - Geographic focus
Exhibit 71: Sandvik AB - Segment focus
Exhibit 72: Sandvik AB - Key offerings
Exhibit 73: YG-1 Co. - Vendor overview
Exhibit 74: YG-1 Co. - Organizational developments
Exhibit 75: YG-1 Co. - Key offerings
Exhibit 76: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Kennametal Inc.
  • NACHI-FUJIKOSHI CORP.
  • OSG Corporation
  • Sandvik AB
  • YG-1 Co.
  • MORE
Global High-speed Steel Cutting Tools Market 2019-2023

The analyst recognizes the following companies as the key players in the global high-speed steel cutting tools market: Kennametal Inc., NACHI-FUJIKOSHI CORP., OSG Corporation, Sandvik AB, YG-1 Co..

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the advances in HSS cutting tools.”

According to the report, one of the major drivers for this market is the growing demand for fabrication metal products.

Further, the report states that one of the major factors hindering the growth of this market is the rising popularity of solid carbide cutting tools and other substitutes is expected to hinder the growth of the global HSS cutting tools market during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Kennametal Inc.
  • NACHI-FUJIKOSHI CORP.
  • OSG Corporation
  • Sandvik AB
  • YG-1 Co.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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