High Speed Steel Hss Metal Cutting Tools Market

High Speed Steel (HSS) Metal Cutting Tools Market: Global Industry Analysis and Forecast 2016 - 2024

Introduction

Tooling is important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, and form, drill, cut, shape, cut and cast, determine the quality of manufactured product. Manufacturing industries would continue to create demand for HSS metal cutting tools. The increasing focus on customer satisfaction and product quality is also helping to boost the market for high performance cutting tools.

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Market Segmentation

basis of types
  • M2
  • M36
  • M42 
  • others
by applications
  • automobiles
  • construction equipment
  • industrial equipment
  • heavy electrical machines
  • others
geographical regions
  • North America
  • Europe
  • Asia Pacific 
  • Row

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Regional Outlook

Major Key factors contributing to the growth of this market is increasing requirement to develop superior quality products. The Global High Speed Steel Metal Cutting Tools market has been witnessing a reduction in cost of high speed steel metal-cutting tools. However, growing preference for the carbide metal-cutting tools acts as a challenge to growth of this market.

The competition among high speed steal metal cutting tools vendors has increased rapidly. Developing countries such as Russia, Brazil, India, China and South Africa are witnessing huge investment in high performance and high quality machines. Increase in competition among HSS vendors lead to a reduction in total cost.

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Key Players

The major players for this market include Addison & Co., Ltd., Inc., Bohler Uddeholm Corporation, BIG Kaiser Precision Tooling,  Erasteel SAS, Kennametal, Inc., Nippon Koshuha Steel Group, Nachi America, Inc., OSG Korea Corporation, Niagara Cutter, Inc., Sandvik AB, SCHMOLZ + BICKENBACH AG, Sumitomo Electric Industries, Dormer Tools, Inc., Ltd., Tiangong International, Walter AG, and Tivoly, Inc., among others.

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