The Comprehensive Study on Global High Speed Steels Market 2018 by Leading Companies like Nachi-Fujikoshi, Daido Steel Co Ltd, voestalpine, Hudson Tool Steel Corporation, Nippon Koshuha Steel Co Ltd, Lohmann GmbH & Co. KG, ArcelorMittal, thyssenkrupp, thy

The research report on the High Speed Steels market provides a detailed overview of this market and discusses the predominant factors affecting the High Speed Steels market’s growth. The impact of Porter’s five forces on the market over the next few years has also been discussed at length in this study. It further forecasts the size and valuation of the Global High Speed Steels Market for the forthcoming years.

The global high speed steels market accounted for USD 2.20billion in 2016 and is projected to grow at a CAGR of 5.5% during the forecast period of 2017 to 2024.

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The report describes the development of the industry by upstream & downstream, industry overall and development, key companies, as well as type segment & market application and so on, and makes a scientific prediction for the development industry prospects on the basis of analysis, finally, analyzes opportunities for investment in the industry at the end of the report.

Global High Speed Steels Market, By End-Use Industry (Automotive, Plastic, Aerospace, Energy, Others), By Product Type {Metal Cutting Tools (Drill Bits, Broaches & Reamers, Taps, End Mills), Cold Working Tools (Blanking & Fine Blanking Tools, Extrusion Tools, Drawing & Deep Drawing Tools, Others)},–Industry Trends and Forecast to 2024

Some of the major players in high speed steels market include

Nachi-Fujikoshi Corporation,
Daido Steel Co., Ltd.,
Voestalpine AG,
Sandvik Materials Technology AB,

Kennametal Inc., Hudson Tool Steel Corporation, Erasteel, Friedr. Lohmann GmbH, Arcelormittal S.A., Thyssenkrupp AG, Tiangong International Co., Ltd., Guhring Inc., Heye Special Steel Co., Ltd., Nippon Koshuha Steel Co., Ltd., OSG Corporation, Carpenter, Graphite India Limited, Tivoly SA, Crucible Industries LLC, Dneprospetsstal, Jiangsu Fuda Special Steel Co., Ltd, Feida Group, West Yorkshire Steel Co. Ltd., Big Kaiser Precision Tooling Inc., Onsurdand many more.

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Market Segmentation

The high speed steels market is segmented on the basis of product type into

metal cutting tools,
cold working tools

Metal cutting tools are further sub segmented into drill bits, broaches & reamers, taps and end mills. Cold working tools are further sub segmented into blanking & fine blanking tools, extrusion tools, drawing & deep drawing tools and others.

On the basis of application, the market is segmented into

coatings,
construction,
adhesives,
composites,
wind energy,
electrical & electronics

On the basis of geography, the high speed steels market report covers data points for 28 countries across multiple geographies such as

North America,
South America,
Europe,
Asia-Pacific and
Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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Market Drivers and Restraints

Increasing demand for high speed steels for manufacturing cutting tools
Growing awareness about the advantages of high speed steel
Demand of high speed steels in the shipbuilding and energy sectors

Market Restraint:      

Increasing use of alternatives such as carbide-based cutting tools in energy and automotive industries

Competitive Landscape

The global high speed steels market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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