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PUBLISHER: Lucintel | PRODUCT CODE: 1894056

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PUBLISHER: Lucintel | PRODUCT CODE: 1894056

High Speed Steel Metal Cutting Tool Market Report: Trends, Forecast and Competitive Analysis to 2031

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The future of the global high speed steel metal cutting tool market looks promising with opportunities in the automotive, aerospace, machinery, and electronic markets. The global high speed steel metal cutting tool market is expected to reach an estimated $3.5 billion by 2031 with a CAGR of 5.4% from 2025 to 2031. The major drivers for this market are increasing demand for precise machining and superior cutting in sectors like automotive and aerospace and rising uptake of computer numerical control (CNC) machining.

  • Lucintel forecasts that, within the product type category, the drill is expected to witness the highest growth over the forecast period.
  • Within the end use category, aerospace is expected to witness the highest growth over the forecast period.
  • In terms of regions, APAC is expected to witness highest growth over the forecast period.

Emerging Trends in the High Speed Steel Metal Cutting Tool Market

The high speed steel metal cutting tool industry is evolving with several emerging trends that are driving improvements in performance, efficiency, and sustainability. These trends reflect broader technological advancements and market demands.

  • Advanced Coating Technologies: The utilization of modern coatings, including nano-coatings and multi-layered coatings, is improving the wear characteristics and heat management features of HSS cutting tools. This contributes to a longer lifespan of the tool, making it more effective for higher speed and higher temperature applications.
  • Innovative Alloy Compositions: New types of alloys being developed aim to make HSS tools harder while also increasing their toughness. Innovations in alloying elements, along with heat treatment processes, are designed to make tools capable of operating under extreme conditions for long periods while retaining sharpness.
  • Precision Manufacturing: The integration of precision manufacturing methods, such as advanced grinding and surface treatments, enhances the geometrical accuracy and surface finish quality of HSS cutting tools. As a result, better machining outcomes are achieved, leading to improved performance and longer lifespans.
  • Sustainability Practices: The production of HSS cutting tools increasingly incorporates sustainable practices. This includes the development of green materials and procedures that minimize waste and ecological footprints, aligning with global sustainability goals and regulations.
  • Customization and Specialty Tools: Customized and specialty HSS cutting tools are in high demand due to industry-specific requirements. Manufacturers are focusing on providing bespoke solutions that fulfill various application needs, enhancing precision and efficiency in specialized machining tasks.

Thus, these emerging trends are revolutionizing the high speed steel metal cutting tool industry through improved performance, efficiency, and sustainability. Technological advancements will lead to more innovations that address changing manufacturing demands and environmental issues.

Recent Developments in the High Speed Steel Metal Cutting Tool Market

High speed steel metal cutting tool are continuously progressing to meet the increased demand for precision and efficiency across various industries. Recent advancements have shown remarkable improvements in terms of performance and manufacturing methods.

  • Advanced Coatings: New coating technologies, such as multi-layered films and nano-coatings, are being employed to enhance the durability and effectiveness of HSS metal cutting tools. These coatings increase resistance to heat and wear, enabling longer tool life and greater efficiency during high-speed use.
  • Innovative Alloy Formulations: The development of new alloy compositions is hardening the surfaces and bodies of HSS tools. These breakthroughs improve the operational efficiency of the tools under harsh conditions, including maintaining sharpness while enduring high temperatures.
  • Precision Manufacturing Techniques: Improvements in the accuracy of HSS metal cutting tools, including advanced grinding methods and surface treatments, reflect enhancements in machining performance and extended lifespan for these tools. As a result, users can achieve higher machining rates, thus extending the lifespan of their cutting tools.
  • Automation in Production: Automation systems have been incorporated into the processes used to manufacture HSS cutting tools, boosting operational efficiency. Automated processes ensure accurate tool geometries, lowering production costs while producing products with better quality attributes.
  • Sustainability Initiatives: The growing attention to sustainability in HSS cutting tool manufacturing is leading to the development of environmentally friendly materials and processes. These programs aim to reduce ecological footprints while adhering to global sustainability standards.

Therefore, these developments are advancing the efficiency, accuracy, and eco-friendliness of high-speed steel metal cutting tools. They are also expected to increase the efficiency and effectiveness of high speed steel metal cutting tool in other applications.

Strategic Growth Opportunities in the High Speed Steel Metal Cutting Tool Market

The high speed steel metal cutting tool industry provides several strategic growth opportunities within major applications. These areas allow businesses to expand their market presence while addressing specific needs within those industries.

  • Aerospace Manufacturing: Complex part machining within aerospace requires highly accurate cutting tools. HSS tools with state-of-the-art coatings and alloy formulations are well-suited for these purposes, offering improved performance and longer service life, making them ideal for use in the aerospace sector.
  • Automotive Industry: Precision machining and fast operations require high-performance cutting tools in automotive manufacturing. HSS tools with better wear resistance and cutting capability can meet these requirements, supporting advancements in automobile technologies.
  • Medical Device Production: The medical device sector requires highly reliable and accurate cutting tools for fabrication. By serving precision machining for medical apparatus components, HSS tools improve the quality and performance of these devices.
  • Tool and Die Making: Tool and die making requires high-quality cutting tools for molding and die production. HSS tools with enhanced performance characteristics can improve the efficiency and quality of tooling and die making, opening up growth opportunities in this field.
  • Energy Sector: The energy sector, which includes oil and gas as well as renewable energy, requires strong cutting tools for tough environmental conditions. HSS tools with advanced wear resistance and heat management capabilities create opportunities for growth in the energy sector.

These strategic growth opportunities show the various applications of high-speed steel metal cutting tools and how they can meet specific industry requirements. By focusing on these areas, firms can leverage their competencies to achieve market dominance and foster innovation.

High Speed Steel Metal Cutting Tool Market Driver and Challenges

The high speed steel metal cutting tool industry is influenced by various technological, economic, and regulatory factors. Understanding these drivers and challenges is key to navigating the market and identifying growth opportunities.

The factors responsible for driving the high speed steel metal cutting tool market include:

  • Technological Advancements: Innovations in coating technologies, alloy formulations, and manufacturing processes are enhancing the development of more efficient and durable HSS cutting tools. This improves the performance of the tools, increasing their lifespan and meeting modern machining demands.
  • Increased Automation: The use of automated systems in manufacturing processes has made HSS cutting tool production more consistent and efficient. Automated systems enable the precise geometries of the tools, leading to superior surface finishes and higher-quality products at lower production costs.
  • Demand for Customization: The need for tailor-made machining accessories that suit specific applications has grown. Providing customized solutions for different uses improves precision and effectiveness in specialized machine tasks.
  • Sustainability Trends: The pressure from stakeholders regarding sustainability is promoting the adoption of green practices across industries. The development of sustainable materials, coupled with sustainable processes, aims to reduce environmental impacts while aligning with global sustainability targets.
  • Economic Factors: The prices and availability of HSS cutting tools are influenced by raw material cost changes and economic conditions. Manufacturers must manage these economic challenges to remain competitive and profitable.

Challenges in the high speed steel metal cutting tool market include:

  • Raw Material Costs: Volatility in the cost of raw materials for HSS cutting tools, such as tungsten and molybdenum, affects production costs and pricing. Managing these fluctuations is crucial to reducing costs and remaining competitive in the market.
  • Regulatory Compliance: Adhering to various regulatory and environmental standards can be challenging. Sustainable investment impacts the production process, and compliance may affect these processes.
  • Technological Integration: The changing demands for technology require companies to rapidly adopt new systems, such as robotics, into their existing manufacturing processes. To stay ahead of emerging trends, companies must invest in R&D.

Various drivers influence the high speed steel metal cutting tool industry. Technological advancements, automation, customization, sustainability, and economic factors shape market dynamics.

List of High Speed Steel Metal Cutting Tool Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high speed steel metal cutting tool companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high speed steel metal cutting tool companies profiled in this report include-

  • Sandvik
  • Kennametal
  • Nachi-Fujikoshi
  • OSG
  • Guhring
  • BIG Kaiser Precision Tooling
  • YG-1
  • LMT Onsrud
  • Mitsubishi Materials
  • IMC

High Speed Steel Metal Cutting Tool by Segment

The study includes a forecast for the global high speed steel metal cutting tool by product type, application, end use, and region.

High Speed Steel Metal Cutting Tool Market by Product Type [Analysis by Value from 2019 to 2031]:

  • Drills
  • Taps
  • End Mills
  • Reamers
  • Others

High Speed Steel Metal Cutting Tool Market by Application [Analysis by Value from 2019 to 2031]:

  • Milling
  • Drilling
  • Turning
  • Others

High Speed Steel Metal Cutting Tool Market by End Use [Analysis by Value from 2019 to 2031]:

  • Automotive
  • Aerospace
  • Machinery
  • Electronics
  • Others

High Speed Steel Metal Cutting Tool Market by Region [Analysis by Value from 2019 to 2031]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Country Wise Outlook for the High Speed Steel Metal Cutting Tool Market

High speed steel metal cutting tool market are vital in precision machining due to their maintainability and resistance to high temperatures. Recent global advancements have focused on improving the performance, durability, and efficiency of HSS tools. These developments involve enhanced material characteristics and more effective manufacturing methods that address the varying needs of industries, leading to a competitive edge in global markets.

  • United States: In the U.S., the focus on coatings with improved quality and alloy compositions for high speed steel metal cutting tool is enhancing their durability and efficiency. Advanced multi-layer coatings are being developed that exhibit above-average heat resistance and wear behavior, extending tool lifespan. Additionally, research is underway for new types of HSS alloys that offer higher performance at high speeds and temperatures, with applications in aerospace and automotive sectors.
  • China: China has been enhancing its production capabilities for high speed steel metal cutting tool, focusing on automation and advanced manufacturing processes. This includes the use of automated machinery in precision production and new heat treatment technology to improve hardness and tool life. These improvements aim to enhance productivity while maintaining quality both locally and internationally.
  • Germany: Innovations in grinding techniques and surface treatments keep Germany ahead in the development of precise high speed steel metal cutting tool. German manufacturers apply techniques such as precise grinding and laser coating to ensure better accuracy and improved tool performance. These advancements meet the high standards of industries such as precision engineering and high-tech sectors.
  • India: In India, recent advances in high speed steel metal cutting tool have focused on cost reduction while maintaining quality levels. Innovations in alloy compositions and optimized manufacturing approaches are boosting tool performance without significantly increasing costs. Indian firms are also expanding production capacity to meet demand from both domestic and international markets.
  • Japan: Japan has pioneered the integration of nanotechnology into high speed steel metal cutting tool, using nano-coatings and advanced alloying techniques to improve cutting efficiency and tool life. The use of superfine particles in coatings has led to increased wear resistance and reduced friction. These advancements reflect Japan's commitment to providing high-precision and high-performance tooling solutions.

Features of the Global High Speed Steel Metal Cutting Tool Market

  • Market Size Estimates: High speed steel metal cutting tool market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
  • Segmentation Analysis: High speed steel metal cutting tool market size by product type, application, end use, and region in terms of value ($B).
  • Regional Analysis: High speed steel metal cutting tool market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different product types, applications, end uses, and regions for the high speed steel metal cutting tool market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high speed steel metal cutting tool market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the high speed steel metal cutting tool market by product type (drills, taps, end mills, reamers, and others), application (milling, drilling, turning, and others), end use (automotive, aerospace, machinery, electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Market Overview

  • 2.1 Background and Classifications
  • 2.2 Supply Chain

3. Market Trends & Forecast Analysis

  • 3.2 Industry Drivers and Challenges
  • 3.3 PESTLE Analysis
  • 3.4 Patent Analysis
  • 3.5 Regulatory Environment

4. Global High Speed Steel Metal Cutting Tool Market by Product Type

  • 4.1 Overview
  • 4.2 Attractiveness Analysis by Product Type
  • 4.3 Drills: Trends and Forecast (2019-2031)
  • 4.4 Taps: Trends and Forecast (2019-2031)
  • 4.5 End Mills: Trends and Forecast (2019-2031)
  • 4.6 Reamers: Trends and Forecast (2019-2031)
  • 4.7 Others: Trends and Forecast (2019-2031)

5. Global High Speed Steel Metal Cutting Tool Market by Application

  • 5.1 Overview
  • 5.2 Attractiveness Analysis by Application
  • 5.3 Milling: Trends and Forecast (2019-2031)
  • 5.4 Drilling: Trends and Forecast (2019-2031)
  • 5.5 Turning: Trends and Forecast (2019-2031)
  • 5.6 Others: Trends and Forecast (2019-2031)

6. Global High Speed Steel Metal Cutting Tool Market by End Use

  • 6.1 Overview
  • 6.2 Attractiveness Analysis by End Use
  • 6.3 Automotive: Trends and Forecast (2019-2031)
  • 6.4 Aerospace: Trends and Forecast (2019-2031)
  • 6.5 Machinery: Trends and Forecast (2019-2031)
  • 6.6 Electronics: Trends and Forecast (2019-2031)
  • 6.7 Others: Trends and Forecast (2019-2031)

7. Regional Analysis

  • 7.1 Overview
  • 7.2 Global High Speed Steel Metal Cutting Tool Market by Region

8. North American High Speed Steel Metal Cutting Tool Market

  • 8.1 Overview
  • 8.2 North American High Speed Steel Metal Cutting Tool Market by Product Type
  • 8.3 North American High Speed Steel Metal Cutting Tool Market by End Use
  • 8.4 United States High Speed Steel Metal Cutting Tool Market
  • 8.5 Mexican High Speed Steel Metal Cutting Tool Market
  • 8.6 Canadian High Speed Steel Metal Cutting Tool Market

9. European High Speed Steel Metal Cutting Tool Market

  • 9.1 Overview
  • 9.2 European High Speed Steel Metal Cutting Tool Market by Product Type
  • 9.3 European High Speed Steel Metal Cutting Tool Market by End Use
  • 9.4 German High Speed Steel Metal Cutting Tool Market
  • 9.5 French High Speed Steel Metal Cutting Tool Market
  • 9.6 Spanish High Speed Steel Metal Cutting Tool Market
  • 9.7 Italian High Speed Steel Metal Cutting Tool Market
  • 9.8 United Kingdom High Speed Steel Metal Cutting Tool Market

10. APAC High Speed Steel Metal Cutting Tool Market

  • 10.1 Overview
  • 10.2 APAC High Speed Steel Metal Cutting Tool Market by Product Type
  • 10.3 APAC High Speed Steel Metal Cutting Tool Market by End Use
  • 10.4 Japanese High Speed Steel Metal Cutting Tool Market
  • 10.5 Indian High Speed Steel Metal Cutting Tool Market
  • 10.6 Chinese High Speed Steel Metal Cutting Tool Market
  • 10.7 South Korean High Speed Steel Metal Cutting Tool Market
  • 10.8 Indonesian High Speed Steel Metal Cutting Tool Market

11. ROW High Speed Steel Metal Cutting Tool Market

  • 11.1 Overview
  • 11.2 ROW High Speed Steel Metal Cutting Tool Market by Product Type
  • 11.3 ROW High Speed Steel Metal Cutting Tool Market by End Use
  • 11.4 Middle Eastern High Speed Steel Metal Cutting Tool Market
  • 11.5 South American High Speed Steel Metal Cutting Tool Market
  • 11.6 African High Speed Steel Metal Cutting Tool Market

12. Competitor Analysis

  • 12.1 Product Portfolio Analysis
  • 12.2 Operational Integration
  • 12.3 Porter's Five Forces Analysis
    • Competitive Rivalry
    • Bargaining Power of Buyers
    • Bargaining Power of Suppliers
    • Threat of Substitutes
    • Threat of New Entrants
  • 12.4 Market Share Analysis

13. Opportunities & Strategic Analysis

  • 13.1 Value Chain Analysis
  • 13.2 Growth Opportunity Analysis
    • 13.2.1 Growth Opportunities by Product Type
    • 13.2.2 Growth Opportunities by Application
    • 13.2.3 Growth Opportunities by End Use
  • 13.3 Emerging Trends in the Global High Speed Steel Metal Cutting Tool Market
  • 13.4 Strategic Analysis
    • 13.4.1 New Product Development
    • 13.4.2 Certification and Licensing
    • 13.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

14. Company Profiles of the Leading Players Across the Value Chain

  • 14.1 Competitive Analysis
  • 14.2 Sandvik
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.3 Kennametal
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.4 Nachi-Fujikoshi
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.5 OSG
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.6 Guhring
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.7 BIG Kaiser Precision Tooling
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.8 YG-1
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.9 LMT Onsrud
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.10 Mitsubishi Materials
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing
  • 14.11 IMC
    • Company Overview
    • High Speed Steel Metal Cutting Tool Business Overview
    • New Product Development
    • Merger, Acquisition, and Collaboration
    • Certification and Licensing

15. Appendix

  • 15.1 List of Figures
  • 15.2 List of Tables
  • 15.3 Research Methodology
  • 15.4 Disclaimer
  • 15.5 Copyright
  • 15.6 Abbreviations and Technical Units
  • 15.7 About Us
  • 15.8 Contact Us

List of Figures

  • Figure 1.1: Trends and Forecast for the Global High Speed Steel Metal Cutting Tool Market
  • Figure 2.1: Usage of High Speed Steel Metal Cutting Tool Market
  • Figure 2.2: Classification of the Global High Speed Steel Metal Cutting Tool Market
  • Figure 2.3: Supply Chain of the Global High Speed Steel Metal Cutting Tool Market
  • Figure 3.1: Driver and Challenges of the High Speed Steel Metal Cutting Tool Market
  • Figure 3.2: PESTLE Analysis
  • Figure 3.3: Patent Analysis
  • Figure 3.4: Regulatory Environment
  • Figure 4.1: Global High Speed Steel Metal Cutting Tool Market by Product Type in 2019, 2024, and 2031
  • Figure 4.2: Trends of the Global High Speed Steel Metal Cutting Tool Market ($B) by Product Type
  • Figure 4.3: Forecast for the Global High Speed Steel Metal Cutting Tool Market ($B) by Product Type
  • Figure 4.4: Trends and Forecast for Drills in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 4.5: Trends and Forecast for Taps in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 4.6: Trends and Forecast for End Mills in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 4.7: Trends and Forecast for Reamers in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 4.8: Trends and Forecast for Others in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 5.1: Global High Speed Steel Metal Cutting Tool Market by Application in 2019, 2024, and 2031
  • Figure 5.2: Trends of the Global High Speed Steel Metal Cutting Tool Market ($B) by Application
  • Figure 5.3: Forecast for the Global High Speed Steel Metal Cutting Tool Market ($B) by Application
  • Figure 5.4: Trends and Forecast for Milling in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 5.5: Trends and Forecast for Drilling in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 5.6: Trends and Forecast for Turning in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 5.7: Trends and Forecast for Others in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 6.1: Global High Speed Steel Metal Cutting Tool Market by End Use in 2019, 2024, and 2031
  • Figure 6.2: Trends of the Global High Speed Steel Metal Cutting Tool Market ($B) by End Use
  • Figure 6.3: Forecast for the Global High Speed Steel Metal Cutting Tool Market ($B) by End Use
  • Figure 6.4: Trends and Forecast for Automotive in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 6.5: Trends and Forecast for Aerospace in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 6.6: Trends and Forecast for Machinery in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 6.7: Trends and Forecast for Electronics in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 6.8: Trends and Forecast for Others in the Global High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Figure 7.1: Trends of the Global High Speed Steel Metal Cutting Tool Market ($B) by Region (2019-2024)
  • Figure 7.2: Forecast for the Global High Speed Steel Metal Cutting Tool Market ($B) by Region (2025-2031)
  • Figure 8.1: North American High Speed Steel Metal Cutting Tool Market by Product Type in 2019, 2024, and 2031
  • Figure 8.2: Trends of the North American High Speed Steel Metal Cutting Tool Market ($B) by Product Type (2019-2024)
  • Figure 8.3: Forecast for the North American High Speed Steel Metal Cutting Tool Market ($B) by Product Type (2025-2031)
  • Figure 8.4: North American High Speed Steel Metal Cutting Tool Market by End Use in 2019, 2024, and 2031
  • Figure 8.5: Trends of the North American High Speed Steel Metal Cutting Tool Market ($B) by End Use (2019-2024)
  • Figure 8.6: Forecast for the North American High Speed Steel Metal Cutting Tool Market ($B) by End Use (2025-2031)
  • Figure 8.7: Trends and Forecast for the United States High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 8.8: Trends and Forecast for the Mexican High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 8.9: Trends and Forecast for the Canadian High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 9.1: European High Speed Steel Metal Cutting Tool Market by Product Type in 2019, 2024, and 2031
  • Figure 9.2: Trends of the European High Speed Steel Metal Cutting Tool Market ($B) by Product Type (2019-2024)
  • Figure 9.3: Forecast for the European High Speed Steel Metal Cutting Tool Market ($B) by Product Type (2025-2031)
  • Figure 9.4: European High Speed Steel Metal Cutting Tool Market by End Use in 2019, 2024, and 2031
  • Figure 9.5: Trends of the European High Speed Steel Metal Cutting Tool Market ($B) by End Use (2019-2024)
  • Figure 9.6: Forecast for the European High Speed Steel Metal Cutting Tool Market ($B) by End Use (2025-2031)
  • Figure 9.7: Trends and Forecast for the German High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 9.8: Trends and Forecast for the French High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 9.9: Trends and Forecast for the Spanish High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 9.10: Trends and Forecast for the Italian High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 9.11: Trends and Forecast for the United Kingdom High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 10.1: APAC High Speed Steel Metal Cutting Tool Market by Product Type in 2019, 2024, and 2031
  • Figure 10.2: Trends of the APAC High Speed Steel Metal Cutting Tool Market ($B) by Product Type (2019-2024)
  • Figure 10.3: Forecast for the APAC High Speed Steel Metal Cutting Tool Market ($B) by Product Type (2025-2031)
  • Figure 10.4: APAC High Speed Steel Metal Cutting Tool Market by End Use in 2019, 2024, and 2031
  • Figure 10.5: Trends of the APAC High Speed Steel Metal Cutting Tool Market ($B) by End Use (2019-2024)
  • Figure 10.6: Forecast for the APAC High Speed Steel Metal Cutting Tool Market ($B) by End Use (2025-2031)
  • Figure 10.7: Trends and Forecast for the Japanese High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 10.8: Trends and Forecast for the Indian High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 10.9: Trends and Forecast for the Chinese High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 10.10: Trends and Forecast for the South Korean High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 10.11: Trends and Forecast for the Indonesian High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 11.1: ROW High Speed Steel Metal Cutting Tool Market by Product Type in 2019, 2024, and 2031
  • Figure 11.2: Trends of the ROW High Speed Steel Metal Cutting Tool Market ($B) by Product Type (2019-2024)
  • Figure 11.3: Forecast for the ROW High Speed Steel Metal Cutting Tool Market ($B) by Product Type (2025-2031)
  • Figure 11.4: ROW High Speed Steel Metal Cutting Tool Market by End Use in 2019, 2024, and 2031
  • Figure 11.5: Trends of the ROW High Speed Steel Metal Cutting Tool Market ($B) by End Use (2019-2024)
  • Figure 11.6: Forecast for the ROW High Speed Steel Metal Cutting Tool Market ($B) by End Use (2025-2031)
  • Figure 11.7: Trends and Forecast for the Middle Eastern High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 11.8: Trends and Forecast for the South American High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 11.9: Trends and Forecast for the African High Speed Steel Metal Cutting Tool Market ($B) (2019-2031)
  • Figure 12.1: Porter's Five Forces Analysis of the Global High Speed Steel Metal Cutting Tool Market
  • Figure 12.2: Market Share (%) of Top Players in the Global High Speed Steel Metal Cutting Tool Market (2024)
  • Figure 13.1: Growth Opportunities for the Global High Speed Steel Metal Cutting Tool Market by Product Type
  • Figure 13.2: Growth Opportunities for the Global High Speed Steel Metal Cutting Tool Market by Application
  • Figure 13.3: Growth Opportunities for the Global High Speed Steel Metal Cutting Tool Market by End Use
  • Figure 13.4: Growth Opportunities for the Global High Speed Steel Metal Cutting Tool Market by Region
  • Figure 13.5: Emerging Trends in the Global High Speed Steel Metal Cutting Tool Market

List of Tables

  • Table 1.1: Growth Rate (%, 2023-2024) and CAGR (%, 2025-2031) of the High Speed Steel Metal Cutting Tool Market by Product Type, Application, and End Use
  • Table 1.2: Attractiveness Analysis for the High Speed Steel Metal Cutting Tool Market by Region
  • Table 1.3: Global High Speed Steel Metal Cutting Tool Market Parameters and Attributes
  • Table 3.1: Trends of the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 3.2: Forecast for the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 4.1: Attractiveness Analysis for the Global High Speed Steel Metal Cutting Tool Market by Product Type
  • Table 4.2: Market Size and CAGR of Various Product Type in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 4.3: Market Size and CAGR of Various Product Type in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 4.4: Trends of Drills in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 4.5: Forecast for Drills in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 4.6: Trends of Taps in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 4.7: Forecast for Taps in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 4.8: Trends of End Mills in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 4.9: Forecast for End Mills in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 4.10: Trends of Reamers in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 4.11: Forecast for Reamers in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 4.12: Trends of Others in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 4.13: Forecast for Others in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 5.1: Attractiveness Analysis for the Global High Speed Steel Metal Cutting Tool Market by Application
  • Table 5.2: Market Size and CAGR of Various Application in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 5.3: Market Size and CAGR of Various Application in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 5.4: Trends of Milling in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 5.5: Forecast for Milling in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 5.6: Trends of Drilling in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 5.7: Forecast for Drilling in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 5.8: Trends of Turning in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 5.9: Forecast for Turning in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 5.10: Trends of Others in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 5.11: Forecast for Others in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 6.1: Attractiveness Analysis for the Global High Speed Steel Metal Cutting Tool Market by End Use
  • Table 6.2: Market Size and CAGR of Various End Use in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 6.3: Market Size and CAGR of Various End Use in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 6.4: Trends of Automotive in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 6.5: Forecast for Automotive in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 6.6: Trends of Aerospace in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 6.7: Forecast for Aerospace in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 6.8: Trends of Machinery in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 6.9: Forecast for Machinery in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 6.10: Trends of Electronics in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 6.11: Forecast for Electronics in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 6.12: Trends of Others in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 6.13: Forecast for Others in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 7.1: Market Size and CAGR of Various Regions in the Global High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 7.2: Market Size and CAGR of Various Regions in the Global High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 8.1: Trends of the North American High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 8.2: Forecast for the North American High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 8.3: Market Size and CAGR of Various Product Type in the North American High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 8.4: Market Size and CAGR of Various Product Type in the North American High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 8.5: Market Size and CAGR of Various End Use in the North American High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 8.6: Market Size and CAGR of Various End Use in the North American High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 8.7: Trends and Forecast for the United States High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 8.8: Trends and Forecast for the Mexican High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 8.9: Trends and Forecast for the Canadian High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 9.1: Trends of the European High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 9.2: Forecast for the European High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 9.3: Market Size and CAGR of Various Product Type in the European High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 9.4: Market Size and CAGR of Various Product Type in the European High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 9.5: Market Size and CAGR of Various End Use in the European High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 9.6: Market Size and CAGR of Various End Use in the European High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 9.7: Trends and Forecast for the German High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 9.8: Trends and Forecast for the French High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 9.9: Trends and Forecast for the Spanish High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 9.10: Trends and Forecast for the Italian High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 9.11: Trends and Forecast for the United Kingdom High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 10.1: Trends of the APAC High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 10.2: Forecast for the APAC High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 10.3: Market Size and CAGR of Various Product Type in the APAC High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 10.4: Market Size and CAGR of Various Product Type in the APAC High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 10.5: Market Size and CAGR of Various End Use in the APAC High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 10.6: Market Size and CAGR of Various End Use in the APAC High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 10.7: Trends and Forecast for the Japanese High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 10.8: Trends and Forecast for the Indian High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 10.9: Trends and Forecast for the Chinese High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 10.10: Trends and Forecast for the South Korean High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 10.11: Trends and Forecast for the Indonesian High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 11.1: Trends of the ROW High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 11.2: Forecast for the ROW High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 11.3: Market Size and CAGR of Various Product Type in the ROW High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 11.4: Market Size and CAGR of Various Product Type in the ROW High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 11.5: Market Size and CAGR of Various End Use in the ROW High Speed Steel Metal Cutting Tool Market (2019-2024)
  • Table 11.6: Market Size and CAGR of Various End Use in the ROW High Speed Steel Metal Cutting Tool Market (2025-2031)
  • Table 11.7: Trends and Forecast for the Middle Eastern High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 11.8: Trends and Forecast for the South American High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 11.9: Trends and Forecast for the African High Speed Steel Metal Cutting Tool Market (2019-2031)
  • Table 12.1: Product Mapping of High Speed Steel Metal Cutting Tool Suppliers Based on Segments
  • Table 12.2: Operational Integration of High Speed Steel Metal Cutting Tool Manufacturers
  • Table 12.3: Rankings of Suppliers Based on High Speed Steel Metal Cutting Tool Revenue
  • Table 13.1: New Product Launches by Major High Speed Steel Metal Cutting Tool Producers (2019-2024)
  • Table 13.2: Certification Acquired by Major Competitor in the Global High Speed Steel Metal Cutting Tool Market
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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