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High Speed Steels Market, Global Outlook and Forecast 2023-2032

Writer's picture: krish mundekrish munde

The global High Speed Steels market was valued at US$ 2170 million in 2022 and is projected to reach US$ 2877.8 million by 2029, at a CAGR of 4.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


This report aims to provide a comprehensive presentation of the global market for High Speed Steels, 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 High Speed Steels. This report contains market size and forecasts of High Speed Steels in global, including the following market information:



  • Global High Speed Steels Market Revenue, 2018-2023, 2024-2032, ($ millions)

  • Global High Speed Steels Market Sales, 2018-2023, 2024-2032, (Kilotons)

  • Global top five High Speed Steels companies in 2022 (%)

Metal Cutting Tools Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of High Speed Steels include Nachi-Fujikoshi, Daido Steel, Kobe Steel, Ltd., Voestalpine, Sandvik Group, Kennametal, Hudson Tool Steel, ErasteelEramet and Friedr. Lohmann, etc. in 2022, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the High Speed Steels 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 High Speed Steels Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (Kilotons)

Global High Speed Steels Market Segment Percentages, by Type, 2022 (%)


  • Metal Cutting Tools

  • Cold Working Tools

  • Others

Global High Speed Steels Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (Kilotons)

Global High Speed Steels Market Segment Percentages, by Application, 2022 (%)


  • Automotive Industry

  • Plastic Industry

  • Aerospace Industry

  • Energy Sector

  • Others

Global High Speed Steels Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (Kilotons)

Global High Speed Steels 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 High Speed Steels revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies High Speed Steels revenues share in global market, 2022 (%)

  • Key companies High Speed Steels sales in global market, 2018-2023 (Estimated), (Kilotons)

  • Key companies High Speed Steels sales share in global market, 2022 (%)

Key players include:


  • Nachi-Fujikoshi

  • Daido Steel

  • Kobe Steel, Ltd.

  • Voestalpine

  • Sandvik Group

  • Kennametal

  • Hudson Tool Steel

  • ErasteelEramet

  • Friedr. Lohmann

  • Thyssenkrupp

  • Guhring

  • Advanced Technology and Materials

Outline of Major Chapters: Chapter 1: Introduces the definition of High Speed Steels, market overview.

Chapter 2: Global High Speed Steels market size in revenue and volume.

Chapter 3: Detailed analysis of High Speed Steels 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 High Speed Steels 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 High Speed Steels 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.


Table of content

1 Introduction to Research & Analysis Reports 1.1 High Speed Steels Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global High Speed Steels 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 High Speed Steels Overall Market Size 2.1 Global High Speed Steels Market Size: 2022 VS 2032 2.2 Global High Speed Steels Revenue, Prospects & Forecasts: 2018-2032 2.3 Global High Speed Steels Sales: 2018-2032 3 Company Landscape 3.1 Top High Speed Steels Players in Global Market 3.2 Top Global High Speed Steels Companies Ranked by Revenue 3.3 Global High Speed Steels Revenue by Companies 3.4 Global High Speed Steels Sales by Companies 3.5 Global High Speed Steels Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 High Speed Steels Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers High Speed Steels Product Type 3.8 Tier 1, Tier 2 and Tier 3 High Speed Steels Players in Global Market 3.8.1 List of Global Tier 1 High Speed Steels Companies 3.8.2 List of Global Tier 2 and Tier 3 High Speed Steels Companies 4 Sights by Product 4.1 Overview 4.1.1 By Type - Global High Speed Steels Market Size Markets, 2022 &

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