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.
This report aims to provide a comprehensive presentation of the global market for Tool Steel, 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 Tool Steel. This report contains market size and forecasts of Tool Steel in global, including the following market information:
- Global Tool Steel Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Tool Steel Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Tool Steel companies in 2022 (%)
The global Tool Steel market was valued at US$ 8064.9 million in 2022 and is projected to reach US$ 8981.9 million by 2029, at a CAGR of 1.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Tool Steel 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 Tool Steel Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Tool Steel Market Segment Percentages, by Type, 2022 (%)
- Carbon Tool Steel
- Alloy Tool Steel
- High Speed Tool Steel
Global Tool Steel Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Tool Steel Market Segment Percentages, by Application, 2022 (%)
- Automotive
- Household Appliances
- Telecommunications
- Construction
Others
Global Tool Steel Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Tool Steel Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Tool Steel revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Tool Steel revenues share in global market, 2022 (%)
- Key companies Tool Steel sales in global market, 2018-2023 (Estimated), (K MT)
- Key companies Tool Steel sales share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- 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
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Tool Steel, market overview.
- Chapter 2: Global Tool Steel market size in revenue and volume.
- Chapter 3: Detailed analysis of Tool Steel 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 Tool Steel 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 Tool Steel 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.
