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). Tool Steel can retain a cutting edge at very high temperatures which is why they are often used in the shaping of other materials through cutting, pressing, coining or extruding. Their resistance to abrasion lends to their use in the production of injection molds.
The global market for Tool Steel is estimated to increase from US$ 7667.5 million in 2021 to reach US$ 8616.2 million by 2028, exhibiting a CAGR of 1.7% during 2022-2028. Keeping in mind the uncertainties of COVID-19 and Russia-Ukraine War, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
The major players in global tool steel market include Voestalpine, Tiangong International, Swiss Steel Group, etc. The top 3 players occupy about 27% shares of the global market. The global tool steel are mainly produced in East Asia and Europe, they occupied for a share over 50%. Americas is the largest market, has a share about 35%, followed by Asia-Pacific and Europe, with share 31% and 30%, separately.
Report Coverage
This latest report provides a deep insight into the global Tool Steel market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, value chain analysis, etc.
This report aims to provide a comprehensive picture of the global Tool Steel market, with both quantitative and qualitative data, to help readers understand how the Tool Steel market scenario changed across the globe during the pandemic and Russia-Ukraine War.
The base year considered for analyses is 2021, while the market estimates and forecasts are given from 2022 to 2028. The market estimates are provided in terms of revenue in USD millions and volume in K MT.
Market Segmentation:
The study segments the Tool Steel market and forecasts the market size by Type (Carbon Tool Steel, Alloy Tool Steel and High Speed Tool Steel), by Application (Automotive, Household Appliances, Telecommunications and Construction), and region (APAC, Americas, Europe, and Middle East & Africa).
Segmentation by type
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Segmentation by application
Automotive
Household Appliances
Telecommunications
Construction
Others
Segmentation by region
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Major companies covered
Voestalpine
Tiangong International
Swiss Steel Group
SIJ Metal Ravne
Daido Steel
Sanyo Special Steel
Dongbei Special Steel
SeAH CSS
Hitachi
Pangang
Crucible Industries
Nippon Koshuha Steel
Baosteel
ArcelorMittal
Nachi-Fujikoshi
Qilu Special Steel
Chapter Introduction
Chapter 1: Scope of Tool Steel, Research Methodology, etc.
Chapter 2: Executive Summary, global Tool Steel market size (sales and revenue) and CAGR, Tool Steel market size by region, by type, by application, historical data from 2017 to 2022, and forecast to 2028.
Chapter 3: Tool Steel sales, revenue, average price, global market share, and industry ranking by company, 2017-2022
Chapter 4: Global Tool Steel sales and revenue by region and by country. Country specific data and market value analysis for the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America and Middle East & Africa.
Chapter 5, 6, 7, 8: Americas, APAC, Europe, Middle East & Africa, sales segment by country, by type, and type.
Chapter 9: Analysis of the current market trends, market forecast, opportunities and economic trends that are affecting the future marketplace
Chapter 10: Manufacturing cost structure analysis
Chapter 11: Sales channel, distributors, and customers
Chapter 12: Global Tool Steel market size forecast by region, by country, by type, and application.
Chapter 13: Comprehensive company profiles of the leading players, including Voestalpine, Tiangong International, Swiss Steel Group, SIJ Metal Ravne, Daido Steel, Sanyo Special Steel, Dongbei Special Steel, SeAH CSS and Hitachi, etc.
Chapter 14: Research Findings and Conclusion