This report describes and explains the tool steel market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global tool steel market reached a value of nearly $5,816.85 million in 2022, having increased at a compound annual growth rate (CAGR) of 3.52 % since 2017. The market is expected to grow from $5,816.85 million in 2022 to $7,784.42 million in 2027 at a rate of 6.00 %. The market is then expected to grow at a CAGR of 6.81% from 2027 and reach $10,822.76 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, growth in the automotive industry and a rise in demand for forged metals. Factors that negatively affected growth in the historic period were geo-political tensions, the coronavirus pandemic and an increased demand for carbide-based alternatives.
Going forward, increasing investments in infrastructure projects, a growing building and construction sector and rising urbanization will drive the market. Factors that could hinder the growth of the tool steel market in the future include the Russia-Ukraine war impact and fluctuating price of steel.
The tool steel market is segmented by product type into water-hardening, cold-work, shock-resisting, high speed, hot-working and special purpose. The cold-work was the largest segment of the tool steel market by product type, accounting for $2,039.77 million or 35.07 % of the total market in 2022. The hot-working market is expected to be the fastest-growing segment going forward at a CAGR of 6.21 %.
The tool steel market is segmented by material type into tungsten, chromium, vanadium and molybdenum. The tungsten market was the largest segment of the tool steel market by material type, accounting for $2,051.81 million or 35.27% of the total market in 2022. The tungsten market is expected to be the fastest-growing segment going forward at a CAGR of 6.27%.
The tool steel market is segmented by end use into general manufacturing, automotive, defense and aerospace, electronics and electrical, ship building and other end uses. The automotive was the largest segment of the tool steel market by end use, accounting for $1,626.65 million or 27.96% of the total market in 2022. The other end uses market is expected to be the fastest-growing segment going forward at a CAGR of 6.28 %.
Asia Pacific was the largest region in the tool steel market, accounting for 39.96 % of the global market in 2022. It was followed by North America, Western Europe and the other regions. Going forward, the fastest growing regions in the tool steel market will be the Middle East and Africa, where growth will be at CAGRs of 9.97% and 9.65% respectively from 2022-2027.
The global tool steel market is slightly concentrated, with a few large players. The top ten competitors in the market made up to 48.33% of the total market in 2021. Hitachi metal ltd was the largest competitor with 10.92% share of the market, followed by Swiss Steel Group with 8.62%, Voestalpine AG with 7.83%, Eramet SA with 4.99%, China Baowu Steel Group Corp with 4.52%, Tiangong International with 3.96%, Sandvik with 2.85%, QiLu Special Steel Co. Ltd with 2.31%, Samuel Son & Co with 1.18% and NACHI - Fujikoshi Corporation with 1.15%.
The top opportunities in the tool steel market by product type will arise in the cold-work market, which will gain $695.75 million of global annual sales by 2027. The top opportunities in the tool steel market by material type will arise in the tungsten market, which will gain $728.63 million of global annual sales by 2027. The top opportunities in the tool steel market by end use will arise in the automotive market, which will gain $557.21 million of global annual sales by 2027. The tool steel market size will gain the most in China at $236.96 million.
Market-trend-based strategies for the tool steel market include technological advancement, developments in tool steel such as advanced alloys, mergers and acquisitions and product innovations.
Player-adopted strategies in the tool steel industry include enhancing business operations through strategic collaborations and partnerships.
To take advantage of the opportunities, the publisher recommends the tool steel companies to focus on technology development, focus on product innovations, focus on mergers and acquisitions, focus on business-to-business (B2B) promotions and continue to target fast-growing end-users.
The global tool steel market reached a value of nearly $5,816.85 million in 2022, having increased at a compound annual growth rate (CAGR) of 3.52 % since 2017. The market is expected to grow from $5,816.85 million in 2022 to $7,784.42 million in 2027 at a rate of 6.00 %. The market is then expected to grow at a CAGR of 6.81% from 2027 and reach $10,822.76 million in 2032.
Growth in the historic period resulted from strong economic growth in emerging markets, growth in the automotive industry and a rise in demand for forged metals. Factors that negatively affected growth in the historic period were geo-political tensions, the coronavirus pandemic and an increased demand for carbide-based alternatives.
Going forward, increasing investments in infrastructure projects, a growing building and construction sector and rising urbanization will drive the market. Factors that could hinder the growth of the tool steel market in the future include the Russia-Ukraine war impact and fluctuating price of steel.
The tool steel market is segmented by product type into water-hardening, cold-work, shock-resisting, high speed, hot-working and special purpose. The cold-work was the largest segment of the tool steel market by product type, accounting for $2,039.77 million or 35.07 % of the total market in 2022. The hot-working market is expected to be the fastest-growing segment going forward at a CAGR of 6.21 %.
The tool steel market is segmented by material type into tungsten, chromium, vanadium and molybdenum. The tungsten market was the largest segment of the tool steel market by material type, accounting for $2,051.81 million or 35.27% of the total market in 2022. The tungsten market is expected to be the fastest-growing segment going forward at a CAGR of 6.27%.
The tool steel market is segmented by end use into general manufacturing, automotive, defense and aerospace, electronics and electrical, ship building and other end uses. The automotive was the largest segment of the tool steel market by end use, accounting for $1,626.65 million or 27.96% of the total market in 2022. The other end uses market is expected to be the fastest-growing segment going forward at a CAGR of 6.28 %.
Asia Pacific was the largest region in the tool steel market, accounting for 39.96 % of the global market in 2022. It was followed by North America, Western Europe and the other regions. Going forward, the fastest growing regions in the tool steel market will be the Middle East and Africa, where growth will be at CAGRs of 9.97% and 9.65% respectively from 2022-2027.
The global tool steel market is slightly concentrated, with a few large players. The top ten competitors in the market made up to 48.33% of the total market in 2021. Hitachi metal ltd was the largest competitor with 10.92% share of the market, followed by Swiss Steel Group with 8.62%, Voestalpine AG with 7.83%, Eramet SA with 4.99%, China Baowu Steel Group Corp with 4.52%, Tiangong International with 3.96%, Sandvik with 2.85%, QiLu Special Steel Co. Ltd with 2.31%, Samuel Son & Co with 1.18% and NACHI - Fujikoshi Corporation with 1.15%.
The top opportunities in the tool steel market by product type will arise in the cold-work market, which will gain $695.75 million of global annual sales by 2027. The top opportunities in the tool steel market by material type will arise in the tungsten market, which will gain $728.63 million of global annual sales by 2027. The top opportunities in the tool steel market by end use will arise in the automotive market, which will gain $557.21 million of global annual sales by 2027. The tool steel market size will gain the most in China at $236.96 million.
Market-trend-based strategies for the tool steel market include technological advancement, developments in tool steel such as advanced alloys, mergers and acquisitions and product innovations.
Player-adopted strategies in the tool steel industry include enhancing business operations through strategic collaborations and partnerships.
To take advantage of the opportunities, the publisher recommends the tool steel companies to focus on technology development, focus on product innovations, focus on mergers and acquisitions, focus on business-to-business (B2B) promotions and continue to target fast-growing end-users.
Table of Contents
1. Executive Summary2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction And Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Tool Steel Market Definition And Segmentations
6.4. Market Segmentation By Product Type
6.4.1. Water-Hardening
6.4.2. Cold-Work
6.4.3. Shock-Resisting
6.4.4. High Speed
6.4.5. Hot-Working
6.4.6. Special Purpose
6.5. Market Segmentation By Material Type
6.5.1. Tungsten
6.5.2. Chromium
6.5.3. Vanadium
6.5.4. Molybdenum
6.6. Market Segmentation By End Use
6.6.1. General Manufacturing
6.6.2. Automotive
6.6.3. Defense And Aerospace
6.6.4. Electronic And Electrical
6.6.5. Ship Building
6.6.6. Other End Uses
7. Major Market Trends
7.1. Technological Advancements
7.2. Developments In Tool Steel
7.3. Strategic Mergers and Acquisitions
7.4. Product Innovations
8. Global Market Size and Growth
8.1. Market Size
8.2. Historic Market Growth, 2017 - 2022, Value ($ Million)
8.2.1. Market Drivers 2017 - 2022
8.2.2. Market Restraints 2017 - 2022
8.3. Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
8.3.1. Market Drivers 2022 - 2027
8.3.2. Market Restraints 2022 - 2027
9. Global Tool Steel Market Segmentation
9.1. Global Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.2. Global Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
9.3. Global Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10. Tool Steel Market, Regional and Country Analysis
10.1. Global Tool Steel Market, By Region, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
10.2. Global Tool Steel Market, By Country, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major Associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.4. Asia-Pacific Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.5. Asia-Pacific Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.6. Asia-Pacific Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.7. Asia-Pacific Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.8. Asia-Pacific Tool Steel Market: Country Analysis
11.9. China Market
11.10. Summary
11.11. Market Overview
11.11.1. Country Information
11.11.2. Market Information
11.11.3. Background Information
11.11.4. Government Initiatives
11.11.5. Regulations
11.11.6. Regulatory Bodies
11.11.7. Major Associations
11.11.8. Taxes levied
11.11.9. Corporate tax structure
11.11.10. Investments
11.11.11. Major Companies
11.12. China Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.13. China Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.14. China Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.15. China Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.16. China Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.17. India Market
11.18. India Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.19. India Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.20. India Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.21. India Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.22. India Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.23. Japan Market
11.24. Japan Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.25. Japan Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.26. Japan Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.27. Japan Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.28. Japan Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.29. Australia Market
11.30. Australia Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.31. Australia Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.32. Australia Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.33. Australia Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.34. Australia Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.35. Indonesia Market
11.36. Indonesia Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.37. Indonesia Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.38. Indonesia Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.39. Indonesia Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.40. Indonesia Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.41. South Korea Market
11.42. South Korea Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
11.43. South Korea Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
11.44. South Korea Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.45. South Korea Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
11.46. South Korea Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory Bodies
12.2.7. Major Associations
12.2.8. Taxes levied
12.2.9. Corporate tax structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.4. Western Europe Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.5. Western Europe Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.6. Western Europe Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.7. Western Europe Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.8. Western Europe Tool Steel Market: Country Analysis
12.9. UK Market
12.10. UK Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.11. UK Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.12. UK Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.13. UK Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.14. UK Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.15. Germany Market
12.16. Germany Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.17. Germany Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.18. Germany Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.19. Germany Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.20. Germany Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.21. France Market
12.22. France Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
12.23. France Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
12.24. France Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.25. France Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
12.26. France Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Taxes Levied
13.2.8. Corporate Tax Structure
13.2.9. Investments
13.2.10. Major Companies
13.3. Eastern Europe Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.4. Eastern Europe Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.5. Eastern Europe Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.6. Eastern Europe Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.7. Eastern Europe Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.8. Eastern Europe Tool Steel Market: Country Analysis
13.9. Russia Market
13.10. Russia Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
13.11. Russia Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
13.12. Russia Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.13. Russia Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
13.14. Russia Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Major Associations
14.2.8. Taxes Levied
14.2.9. Corporate Tax Structure
14.2.10. Investments
14.2.11. Major Companies
14.3. North America Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.4. North America Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.5. North America Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.6. North America Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.7. North America Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.8. North America Tool Steel Market: Country Analysis
14.9. Canada Market
14.10. Canada Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.11. Canada Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.12. Canada Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.13. Canada Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.14. Canada Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.15. Mexico Market
14.16. Mexico Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.17. Mexico Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.18. Mexico Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.19. Mexico Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.20. Mexico Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.21. USA Market
14.22. Summary
14.23. Market Overview
14.23.1. Country Information
14.23.2. Market Information
14.23.3. Background Information
14.23.4. Government Initiatives
14.23.5. Regulations
14.23.6. Regulatory Bodies
14.23.7. Major Associations
14.23.8. Taxes Levied
14.23.9. Corporate Tax Structure
14.23.10. Investments
14.23.11. Major Companies
14.24. USA Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
14.25. USA Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
14.26. USA Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.27. USA Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
14.28. USA Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.4. South America Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.5. South America Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.6. South America Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.7. South America Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.8. South America Tool Steel Market: Country Analysis
15.9. Brazil Market
15.10. Brazil Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
15.11. Brazil Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
15.12. Brazil Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.13. Brazil Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
15.14. Brazil Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
16.4. Middle East Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
16.5. Middle East Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.6. Middle East Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
16.7. Middle East Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Tool Steel Market, Historic Market Growth, 2017 - 2022, Value ($ Million)
17.4. Africa Tool Steel Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Million)
17.5. Africa Tool Steel Market, Segmentation By Product Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.6. Africa Tool Steel Market, Segmentation By Material Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
17.7. Africa Tool Steel Market, Segmentation By End Use, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Million)
18. Competitive Landscape And Company Profiles
18.1. Company Profiles
18.2. Hitachi Metal Ltd
18.2.1. Company Overview
18.2.2. Products And Services
18.2.3. Business Strategy
18.2.4. Financial Overview
18.3. Swiss Steel Group
18.3.1. Company Overview
18.3.2. Products And Services
18.3.3. Financial Overview
18.4. Voestalpine AG
18.4.1. Company Overview
18.4.2. Products And Services
18.4.3. Financial Overview
18.5. Eramet SA
18.5.1. Company Overview
18.5.2. Products And Services
18.5.3. Financial Overview
18.6. China Baowu Steel Group Corporation
18.6.1. Company Overview
18.6.2. Products And Services
18.6.3. Financial Overview
19. Key Mergers And Acquisitions
19.1. Olympic Steel Acquired Metal-Fab Inc.
19.2. Peterson Tool Company Acquired by GWS Tool Group
19.3. Ryerson Holding Corporation Acquired Ford Tool Steel
19.4. Sandvik Acquired Preziss
19.5. Alro Steel Acquired Ace Steel
19.6. Hitachi Metals Ltd. Acquired Teikuro Inc.
19.7. Cleveland Cliffs Acquired ArcelorMittal
19.8. Sandvik Acquired Miranda Tools
19.9. US Steel Corporation Acquired Posco
20. Opportunities And Strategies
20.1. Global Tool Steel Market In 2027 - Countries Offering Most New Opportunities
20.2. Global Tool Steel Market In 2027 - Segments Offering Most New Opportunities
20.3. Global Tool Steel Market In 2027 - Growth Strategies
20.3.1. Market Trend Based Strategies
20.3.2. Competitor Strategies
21. Tool Steel Market, Conclusions And Recommendations
21.1. Conclusions
21.2. Recommendations
21.2.1. Product
21.2.2. Place
21.2.3. Price
21.2.4. Promotion
21.2.5. People
22. Appendix
22.1. Market Data Sources
22.2. Research Methodology
22.3. Currencies
22.4. About the Publisher
22.5. Copyright and Disclaimer
Executive Summary
Tool Steel Global Market Opportunities and Strategies to 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global tool steel market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for tool steel? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The tool steel market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider tool steel market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the tool steel market.
- Key Trends - Highlights the major trends shaping the global tool steel market. This section also highlights likely future developments in the market.
- Global Market Size and Growth - Global historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - Historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values and growth and market share comparison by region.
- Market Segmentation - Contains the market values (2017-2032) and analysis for each segment by product type, by material type and by end use in the market.
- Regional Market Size and Growth - Regional market size (2022), historic (2017-2022) and forecast (2022-2027), and (2027-2032) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market Opportunities and Strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - Includes recommendations for tool steel providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix-This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Product Type: Water-Hardening; Cold-Work; Shock-Resisting; High Speed; Hot-Working; Special Purpose2) By Material Type: Tungsten; Chromium; Vanadium; Molybdenum
3) By End Use: General Manufacturing; Automotive; Defense And Aerospace; Electronics And Electrical; Ship Building; Other End Uses
Companies Mentioned: Hitachi metal ltd; Swiss Steel Group; Voestalpine AG; Eramet SA; China Baowu Steel Group Corp
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; tool steel indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Hitachi Metal ltd
- Swiss Steel Group
- Voestalpine AG
- Eramet SA
- China Baowu Steel Group Corp
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 351 |
| Published | April 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 5816.85 Million |
| Forecasted Market Value ( USD | $ 10822.76 Million |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
