Global High-speed Steel (HSS) Cutting Tools Market: 2019-2023 Analysis & Forecast - ResearchAndMarkets.com

DUBLIN--()--The "Global High-speed Steel Cutting Tools Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

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.

The high-speed steel cutting tools market will register a CAGR of over 4% by 2023.

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.

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.

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.

Key Players

  • Kennametal Inc.
  • Nachi-Fujikoshi Corp.
  • OSG Corporation
  • Sandvik AB
  • YG-1 Co.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

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

PART 06: 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 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

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.

For more information about this report visit https://www.researchandmarkets.com/research/8rwtd9/global_highspeed?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Machine Tools

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Machine Tools