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).
The major players in global Tool Steel market include Voestalpine, Schmolz + Bickenbach, Sandvik, etc. The top 3 players occupy about 60% shares of the global market. Europe and China are main markets, they occupy about 60% of the global market. High Speed Tool Steel is the main type, with a share about 70%. Automotive is the main application, which holds a share about 45%.
Market Analysis and Insights: Global and United States Tool Steel Market
This report focuses on global and United States Tool Steel market.
In 2020, the global Tool Steel market size was US$ 3264 million and it is expected to reach US$ 5226.2 million by the end of 2027, with a CAGR of 6.9% during 2021-2027. In United States the Tool Steel market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.
Global Tool Steel Scope and Market Size
Tool Steel market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Tool Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the Tool Steel market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in United States.
Segment by Type
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Segment by Application
Automotive
Shipbuilding
Machinery
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Voestalpine
SCHMOLZ + BICKENBACH
Sandvik
Fushun Special Steel
BAOWU
TG
Nachi-Fujikoshi
Qilu Special Steel
Hitachi
ERAMET
Universal Stainless
Hudson Tool Steel
The major players in global Tool Steel market include Voestalpine, Schmolz + Bickenbach, Sandvik, etc. The top 3 players occupy about 60% shares of the global market. Europe and China are main markets, they occupy about 60% of the global market. High Speed Tool Steel is the main type, with a share about 70%. Automotive is the main application, which holds a share about 45%.
Market Analysis and Insights: Global and United States Tool Steel Market
This report focuses on global and United States Tool Steel market.
In 2020, the global Tool Steel market size was US$ 3264 million and it is expected to reach US$ 5226.2 million by the end of 2027, with a CAGR of 6.9% during 2021-2027. In United States the Tool Steel market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.
Global Tool Steel Scope and Market Size
Tool Steel market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Tool Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the Tool Steel market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in United States.
Segment by Type
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Segment by Application
Automotive
Shipbuilding
Machinery
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Voestalpine
SCHMOLZ + BICKENBACH
Sandvik
Fushun Special Steel
BAOWU
TG
Nachi-Fujikoshi
Qilu Special Steel
Hitachi
ERAMET
Universal Stainless
Hudson Tool Steel
Frequently Asked Questions
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