Los Angeles, CA -- (SBWIRE) -- 09/28/2018 -- This report studies the High Speed Steel (HSS) Metal Cutting Tools market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

In the context of machining, a cutting tool is any tool that is used to remove material from the workpiece by means of shear deformation. High-speed steel is the most common cutting tool material used today. High-speed steel cutting tools is much tough than ordinary cutting tools and easier for cutting. It retains its hardness at moderate temperatures. In machinery manufacturing, the majority use of HSS cutting tools is in machine tools.

The Major regions to produce High Speed Steel (HSS) Metal Cutting Tools are China, Europe and Japan, which accounting for more than 77 % of value production in total. The major consumption region is east China, Europe, and United States.

Along with the development of Chinese domestic Industrial technology, Chinese High Speed Steel (HSS) Metal Cutting Tools has been made a lot of progress, but it also has a long way to be advanced in the world, especially in high-end products. Otherwise, most of Chinese companies are rather small, compared to other countries' companies in value production.

The global High Speed Steel (HSS) Metal Cutting Tools market was 7130 million US$ in 2017 and is expected to 9740 million US$ by the end of 2025, growing at a CAGR of 4.0% between 2018 and 2025.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of High Speed Steel (HSS) Metal Cutting Tools in these regions, from 2013 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Sandvik AB

Nachi-Fujikoshi

OSG

Kennametal

YG-1 Tool

Walter AG

Tiangong International

Shanghai Tool Works

Sumitomo Electric Industries

TDC Cutting Tools

Harbin No.1 Tool Manufacturing

Harbin Measuring & Cutting Tool

Tivoly

Addison

Chengliang Tools

Sutton Tools

Henan Yigong Zuanye

Raymond(JK Files)

LMT Onsrud LP

DeWALT

Guhring

Jore Corporation

Somta Tools

BIG Kaiser

By the product type, the market is primarily split into

HSS Milling Tools

HSS Drilling Tools

HSS Tapping Tools

HSS Reaming & Counterboring Tools

HSS Gear Cutting Tools

HSS Broaching Tools

By the end users/application, this report covers the following segments

Automobile Industry

Aircraft Industry

Oil & Gas Industry

Machinery Industry

Shipping Building Industry

Rail Transport Industry

Others

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