The global HSS Cutting Tools market was valued at US$ 4177.5 million in 2022 and is projected to reach US$ 4994.3 million by 2029, at a CAGR of 2.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Cutting tools are tools used for cutting in machinery manufacturing. Most cutters are machine - made. Since the tools used in mechanical manufacturing are basically used to cut metal materials, it is generally understood as metal cutting tools.
This report mainly introduces HSS metal cutting tools, including milling tools, hole cutting tools, thread cutting tools, gear tools, etc.
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This report aims to provide a comprehensive presentation of the global market for HSS Cutting Tools, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HSS Cutting Tools. This report contains market size and forecasts of HSS Cutting Tools in global, including the following market information:
- Global HSS Cutting Tools Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global HSS Cutting Tools Market Sales, 2018-2023, 2024-2029, (K Units)
- Global top five HSS Cutting Tools companies in 2022 (%)
The main consumer countries of HSS metal cutting tools are the United States, Japan, China, Europe and other countries and regions. These regions account for more than 84 per cent of the global market. Among them, China is the world's largest consumer market, accounting for more than 40% of global sales market.
The main HSS metal cutting tool manufacturers in the market include Sandvik, Far East Tools, etc. The global top ten enterprises account for nearly 45% of the market, and the domestic top three enterprises account for more than 28%.
We surveyed the HSS Cutting Tools manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HSS Cutting Tools Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global HSS Cutting Tools Market Segment Percentages, by Type, 2022 (%)
- HSS Milling Tools
- HSS Drilling Tools
- HSS Tapping Tools
- HSS Gear Cutting Tools
- Others
Global HSS Cutting Tools Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global HSS Cutting Tools Market Segment Percentages, by Application, 2022 (%)
- Automobile
- Machinery
- Energy
- Rail Transport & Aircraft
- Medical
- Others
Global HSS Cutting Tools Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global HSS Cutting Tools Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies HSS Cutting Tools revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies HSS Cutting Tools revenues share in global market, 2022 (%)
- Key companies HSS Cutting Tools sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies HSS Cutting Tools sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Sandvik
- OSG
- MMC
- Kennametal
- TDC Cutting Tools
- Shanghai Tool Works
- NACHI-FUJIKOSHI
- YG-1
- Tiangong International Company
- Chinachengliang
- HMCT Group
- HYGZT
Outline of Major Chapters:
- Chapter 1: Introduces the definition of HSS Cutting Tools, market overview.
- Chapter 2: Global HSS Cutting Tools market size in revenue and volume.
- Chapter 3: Detailed analysis of HSS Cutting Tools manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of HSS Cutting Tools in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global HSS Cutting Tools capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
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Table of content
1 Introduction to Research & Analysis Reports
1.1 HSS Cutting Tools Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global HSS Cutting Tools Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global HSS Cutting Tools Overall Market Size
2.1 Global HSS Cutting Tools Market Size: 2022 VS 2029
2.2 Global HSS Cutting Tools Revenue, Prospects & Forecasts: 2018-2029
2.3 Global HSS Cutting Tools Sales: 2018-2029
3 Company Landscape
3.1 Top HSS Cutting Tools Players in Global Market
3.2 Top Global HSS Cutting Tools Companies Ranked by Revenue
3.3 Global HSS Cutting Tools Revenue by Companies
3.4 Global HSS Cutting Tools Sales by Companies
3.5 Global HSS Cutting Tools Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 HSS Cutting Tools Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers HSS Cutting Tools Product Type
3.8 Tier 1, Tier 2 and Tier 3 HSS Cutting Tools Players in Global Market
3.8.1 List of Global Tier 1 HSS Cutting Tools Companies
3.8.2 List of Global Tier 2 and Tier 3 HSS Cutting Tools Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global HSS Cutting Tools Market Size Markets, 2022 &
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