封面
市場調查報告書
商品編碼
1688006

工具鋼市場報告:2031年趨勢、預測與競爭分析

Tool Steel Market Report: Trends, Forecast and Competitive Analysis to 2031

出版日期: | 出版商: Lucintel | 英文 150 Pages | 商品交期: 3個工作天內

價格

本網頁內容可能與最新版本有所差異。詳細情況請與我們聯繫。

簡介目錄

全球工具鋼市場前景看好,汽車、房地產、造船、航太和醫療工業市場都存在機會。預計到 2031 年,全球工具鋼市場規模將達到 84 億美元,2025 年至 2031 年的複合年成長率為 6.2%。該市場的主要驅動力是工業領域對金屬鍛造和塑膠成型的需求不斷增加、私營和公共部門的投資不斷增加、對高性能工具的需求不斷增加,以及生產過程的改進導致合金和熱處理的最佳化,從而實現始終如一的品質和可靠的工具性能。

  • Lucintel 預測,根據產品類型,水硬化鋼將在預測期內實現最高成長,因為它們通常比其他工具鋼更便宜且更容易使用。
  • 從應用角度來看,汽車產業將繼續成為最大的細分市場,因為製造複雜的汽車零件需要各種各樣的切割工具、沖壓模具和具有特定特性的模具,用於各種材料的精密加工和成型。
  • 從地區來看,預計亞太地區在預測期內仍將是最大的地區,因為該地區正在經歷快速的工業擴張,導致對各種工具和機械的需求很高。

工具鋼市場的策略性成長機會

由於對先進材料和創新應用的需求不斷增加,工具鋼市場呈現多種策略性成長機會。汽車、航太、電子和重型機械等​​關鍵產業需要具有卓越耐用性、精度和效率的高性能工具鋼。為了利用這些成長機會,製造商正在探索新的應用並擴展到新興市場。

  • 輕量耐用的零件:汽車產業需要輕量耐用的零件,這為工具鋼市場帶來了巨大的成長機會。現代汽車需要由堅固的特殊合金製成的工具,以承受各種壓力。汽車重量更輕、燃料消費量更低的趨勢正在推動人們對強度更高但重量更輕的先進工具鋼的興趣。這一變化導致了合金成分的創新和製造技術的發展,鞏固了汽車產業作為工具鋼市場發展主要驅動力的地位。
  • 耐高溫性:工具鋼市場的主要成長領域之一是航太工業,該行業需要在極端條件下用於高溫應用的材料。渦輪葉片、引擎零件和起落架等飛機零件都是使用工具鋼製造的。因此,隨著航太業模式轉移使用更有效率、更耐用的材料,預計對高性能工具鋼的需求將會增加。製造商已經認知到這一潛力,並已開始專門為該行業製造工具鋼,同時考慮到最嚴格的要求。
  • 精密加工工具:電子產業為工具鋼市場提供了成長潛力,尤其是在精密加工工具製造方面。電子製造需要具有硬度、耐磨性和尺寸穩定性的工具鋼。電子設備的小型化和電路基板的日益複雜需要先進的工具解決方案。電子業精密加工專用工具鋼的發展帶來了成長機會。
  • 高性能手術器械:由於對高性能手術器械和醫療工具的需求不斷增加,醫療設備器械工具鋼市場提供了巨大的機會。工具鋼用於製造需要優異硬度、耐腐蝕性和生物相容性的儀器。這推動了對先進工具鋼的需求增加,尤其是在醫療設備產業持續成長的新興市場。開發用於醫療領域高要求應用的替代材料存在巨大的成長機會。

汽車、航太、電子、醫療設備和重型機械等​​領域的戰略機會推動了工具鋼市場的成長。這些產業需要先進的材料,這些材料不僅比傳統材料性能更好,還要兼具耐用性和精確度。這種市場發展的前景已經被確定,隨著製造商繼續創新更多產品、滲透新興市場和確定工具鋼市場的未來趨勢,這種市場發展的前景可能會更加強烈。

工具鋼市場的促進因素與挑戰

這些促進因素背後有多種因素,包括積層製造等技術進步以及有關公司內部品管系統的環境法規。然而,該行業受到生產成本高、法規遵循和供應鏈中斷等問題的阻礙。

推動工具鋼市場發展的因素有:

  • 製造業的技術進步:製造流程的技術進步是工具鋼市場發展的關鍵驅動力。積層製造、精密加工和先進熱處理技術等創新使製造商能夠生產出性能更佳的工具鋼。這些技術提高了工具和設備的性能、耐用性和效率,以滿足現代工業的需求。隨著製造商不斷投資於研發,這些技術進步可望推動工具鋼市場的進一步成長。
  • 對高性能材料的需求不斷增加:汽車、航太和電子領域對高性能材料的需求不斷增加,推動了工具鋼市場的發展。製造商需要具有高硬度、耐磨性和耐熱性的堅固工具鋼來生產不易損壞的耐用工具。因此,各行各業都需要更好的材料,尤其是汽車零件製造商,他們開始使用鋁等更輕的金屬來提高燃油效率,同時保持強度。這種趨勢要求開發新型合金並改進現有合金,以生產出滿足不同應用特定需求的品種。
  • 永續性和環境法規:工具鋼市場越來越重視永續性和環境法規。政府和產業相關人員正在推廣綠色生產實踐,包括使用再生材料和節能製造技術。對遵守環境法規的審查日益嚴格,迫使製造商投資永續的解決方案。這種環保實踐趨勢正在改變企業的競爭方式,許多企業都專注於減少生態足跡,同時保持高水準的性能和品質。

工具鋼市場面臨的挑戰是:

  • 生產成本上升:生產成本上升:工具鋼市場面臨生產成本上升。生產成本上升:工具鋼市場正受到生產成本上升的影響。此外,先進的製造要求加上環保的需求進一步推高了生產成本。為了解決這個問題,製造商被迫尋找更低成本的選擇,例如製程最佳化以及替代材料採購。
  • 供應鏈中斷工具鋼市場面臨的主要挑戰之一是供應鏈中斷,尤其是在 COVID-19 大流行等全球事件期間。原料交付延遲和運輸問題等方面的中斷給製造商帶來了不確定性。這將促使製造商重新考慮其供應鏈策略,同時投資本地生產設施,以避免在發生此類中斷時嚴重依賴進口。解決這些問題對於確保工具鋼的穩定供應以及市場持續成長至關重要。
  • 法規遵循:工具鋼市場面臨的另一個主要挑戰是遵守有關廢棄物處理和產品向空氣和水源排放的法規。所有在該領域營運的公司都必須考慮到各種有關環境保護、職場安全和產品品質的特定地區法規。違反規定可能導致處罰、訴訟和公司形象受損。這種不斷變化的法律體制要求企業不斷了解最新的環境法並相應地修改業務。

技術進步、對高性能材料的需求以及永續性宣傳活動正在推動該行業走向新的高度。然而,該領域的製造商面臨一些重大障礙需要克服,包括生產成本上升、供應鏈中斷和監管合規要求。

目錄

第1章執行摘要

第2章全球工具鋼市場:市場動態

  • 簡介、背景和分類
  • 供應鏈
  • 產業驅動力與挑戰

第3章 2019年至2031年市場趨勢及預測分析

  • 宏觀經濟趨勢(2019-2024)及預測(2025-2031)
  • 全球工具鋼市場趨勢(2019-2024)及預測(2025-2031)
  • 依產品類型
    • 水硬化
    • 冷加工
    • 抗震性
    • 高溫作業
    • 高速運轉
    • 塑膠模具
  • 按應用
    • 房地產
    • 造船
    • 航太
    • 醫療業
    • 其他

第4章2019年至2031年區域市場趨勢與預測分析

  • 按地區分類:全球工具鋼市場
  • 北美工具鋼市場
  • 歐洲工具鋼市場
  • 亞太工具鋼市場
  • 其他地區的工具鋼市場

第5章 競爭分析

  • 產品系列分析
  • 營運整合
  • 波特五力分析

第6章 成長機會與策略分析

  • 成長機會分析
    • 依產品類型
    • 按應用
    • 按地區
  • 全球工具鋼市場的新趨勢
  • 戰略分析
    • 新產品開發
    • 全球工具鋼市場產能擴大
    • 全球工具鋼市場的併購和合資企業
    • 認證和許可

第7章主要企業簡介

  • Voestalpine
  • Samuel
  • Eramet
  • QiLu Special Steel
  • Hitachi Metals
  • Baosteel
  • Hudson Tool Steel
  • Buderus Edelstahl
  • Schmiedewerke Groditz
  • Tiangong International
簡介目錄

The future of the global tool steel market looks promising with opportunities in the automotive, real estate, shipbuilding, aerospace, and medical industry markets. The global tool steel market is expected to reach an estimated $8.4 billion by 2031 with a CAGR of 6.2% from 2025 to 2031. The major drivers for this market are increased demand for metal forging and plastic molding in industries, as well as increased investment in both the private and public sectors, growing demand for high-performance tools, along with the improved production processes optimize alloying and heat treatment, resulting in consistent quality and reliable tool performance.

  • Lucintel forecasts that, within the product type category, water hardening is expected to witness the highest growth over the forecast period because it is typically more affordable compared to other tool steel and ease of use.
  • Within the application category, automotive will remain the largest segment because the manufacturing complex automotive components requires a diverse range of cutting tools, stamping dies, and molds with specific properties for precision machining and forming of various materials.
  • In terms of regions, APAC will remain the largest region over the forecast period due to region is experiencing rapid industrial expansion, leading to a high demand for various tools and machinery.

Gain Valuable insights for your business decisions with our comprehensive 150+ page report.

Emerging Trends in the Tool Steel Market

The tool steel market is changing due to technological advancements occurring across all industries, including the manufacturing industry, driven by sustainability initiatives, internationalization of firms, and globalization of markets, among others. Some key trends include the rise of environmentally friendly production processes in the manufacturing industry, rapid prototyping using additive manufacturing techniques, the development of ultra-hard tool steels, and more efficient production processes to create various high-performance tools required by different sectors worldwide.

  • Adoption of Additive Manufacturing: The use of 3D printing or additive manufacturing (AM) techniques as a new solution for creating complex tool geometries with high accuracy is one area that could enable AM to gain traction within the tool steel market. This technology has gained attention since its inception because it enables customization while reducing material waste during production and shortening lead times. Additive manufacturing addresses specific sector requirements characterized by low-volume specialized tools where larger-scale alternatives may be too expensive. Therefore, it is expected that this trend will significantly impact how components made from this material are produced, resulting in higher levels of flexibility and productivity within this sector.
  • Development of Ultra-Hard Tool Steels: Due to increasing demands for tools capable of withstanding harsh environmental conditions and prolonged usage, there is a growing demand for ultra-hard tool steels. Recent advancements in metallurgy have led to improvements in the properties of tool steels, including hardness, wear resistance, and heat resistance. The use of these ultra-hard steels includes applications in sectors such as aerospace, automotive, and heavy machinery, where the tools are subjected to extreme pressure. Consequently, this trend has influenced innovations in alloy compositions and heat treatment methods, enabling manufacturers to produce tools with better performance and longer lifespans.
  • Sustainable Steel Production Practices: The tool steel market is becoming more sustainable due to the adoption of green manufacturing practices by producers aimed at minimizing their ecological footprint through recycling programs, utilizing low-carbon tool steel materials, and efficient energy utilization during production. Governments and industry bodies encourage industries to embrace green technologies by implementing stringent measures. This move is changing the face of the tool steel industry toward developing sustainable products that consume fewer resources and emit less CO2 into the environment.
  • High-Performance Cutting Tools Demand Increase: Innovation in the manufacturing of tool steel is being driven by the rising demand for high-performance cutting tools. For example, sectors like automotive, aerospace, and electronics require tools that can operate at very high speeds and temperatures without compromising accuracy. Thus, these materials are now made with improved toughness, heat resistance, and corrosion resistance. Another factor contributing to the demand for advanced cutting tools is automation and high-speed machining, which aim to increase productivity while minimizing downtime.
  • Tool Steel Production Regionalization: In response to supply chain disruptions and emphasized local production requirements, regionalization of tool steel production is becoming a trend. Countries are strengthening domestic production capacities of tool steel, thereby reducing their overreliance on imports and ensuring a constant flow of superior quality raw materials. This phenomenon is particularly noticeable in regions with strong industrial bases such as the USA, Europe, and China, among others. It is anticipated that localization will improve competitiveness among local producers and foster growth in key areas within the tool steel market.

To summarize, innovation in technology used in manufacturing processes, sustainability practices, and material science are major trends shaping the market. The adoption of additive manufacturing, the development of ultra-hard tool steels, and the focus on sustainable production practices are offering avenues for growth. Therefore, these trends will be crucial as industries continuously require high-performing tools that meet stringent quality and environmental standards.

Recent Developments in the Tool Steel Market

The tool steel market is experiencing significant changes due to rapidly evolving industrial needs, technological advancements, and environmental regulations. An increase in demand for tough and durable high-performance tool steels is being witnessed across sectors such as automotive, aerospace, and heavy machinery. Manufacturers are optimizing their tool steel properties to meet specific application requirements, improve sustainability practices, and adopt advanced manufacturing technologies. These developments have transformed the competitive nature of the market, setting new benchmarks in performance and efficiency.

  • Development of High-Performance Alloys: One important development in the tool steel market is the creation of improved alloys that exhibit excellent resistance to wear, toughness, and heat. For example, these alloys are useful for applications within the aerospace and automotive sectors that require higher strength materials. Innovations such as alloy composition adjustments and heat treatment methods enable manufacturers to produce tool steels with better mechanical properties, extending their tool lifespan while lowering maintenance costs. This has also led to increased use of high-performance tools, particularly under high-stress conditions.
  • Expansion of Additive Manufacturing Technologies: The integration of additive manufacturing technology into the production process has significantly changed how steel tools are made. Complex geometries can be produced via 3D printing for tools with exacting precision and minimal material waste. This technology is particularly useful for small-batch production of custom-made tools or prototypes, thus reducing lead times and costs associated with the tool preparation process. As more companies embrace this technology, mass customization will become possible through flexible and efficient production processes related to these steel-making mechanisms.
  • Sustainability Initiatives in Steel Production: In the tool steel market, sustainability is becoming a central theme, with manufacturers adopting environmentally conscious industrial practices. This includes using recycled steel, employing energy-efficient manufacturing processes, and reducing carbon emissions. Companies are exploring alternative materials and production techniques that minimize environmental impact. These sustainability initiatives are driven by regulatory pressures and growing demand from environmentally conscious customers. This development is expected to shape the market's future as companies prioritize sustainable solutions in tool steel production.
  • Increased Demand for Precision Tooling: Another significant trend in the tool steel market is the rising demand for precision tooling. For example, leading manufacturers of this type of equipment seek to produce tools from high-quality tool steels that exhibit exceptional dimensional stability, hardness, and wear resistance properties, such as those provided by Uddeholm Vanadis grades. Advanced manufacturing techniques, including micro-machining and surface coating technologies, have been adopted to enhance the performance of these precision tools. This development has resulted in increased innovation within the sector as firms strive to meet strict quality and performance requirements associated with precision tooling applications.

The industry is undergoing a significant transformation driven by recent progress in the tool steel market. The competitive landscape is being reshaped by high-performance alloys, additive manufacturing, sustainability efforts, precision tooling, and regional production expansion, while quality, efficiency, and environmental responsibility are being reset. These trends will shape the future growth of the tool steel market.

Strategic Growth Opportunities for Tool Steel Market

The tool steel market presents several strategic growth opportunities driven by increasing demand for advanced materials and innovative applications. Key industries such as automotive, aerospace, electronics, and heavy machinery are seeking high-performance tool steels that offer superior durability, precision, and efficiency. Manufacturers are exploring new applications and expanding into emerging markets to capitalize on these growth opportunities.

  • Lightweight and Durable Components: The automotive sector presents a significant growth opportunity for the tool steel market as it demands lightweight and durable components. Modern vehicles require tools made from special alloys that are tough enough to withstand various stresses. The trend toward lighter cars that consume less fuel has increased interest in stronger yet lightweight advanced tool steels. This shift has led to innovations in alloy compositions and developments in manufacturing techniques, consolidating the automotive sector's position as the main driving force behind developments within the tool steel market.
  • High-Temperature Resistance: One of the key areas of growth for the tool steel market is the aerospace industry, where materials for high-temperature applications under extreme conditions are needed. Aircraft parts, including turbine blades, engine parts, and landing gears, are manufactured using tool steels. Consequently, an increase in demand for high-performance tool steels is expected as the aerospace industry focuses on a paradigm shift toward using more efficient and durable materials. Manufacturers have recognized this potential and begun creating specific tool steels for this sector, considering the extremely strict requirements involved.
  • Precision Machining Tools: The electronics industry offers growth potential for the tool steel market, particularly in producing precision machining tools. Electronics manufacturing requires tool steels providing hardness, resistance to wear, and dimensional stability. Advanced tooling solutions are needed due to the miniaturization of electronic devices and the increasing complexity of circuit boards. There is an opportunity for growth as specialized tool steels are being developed specifically for precision machining in the electronics industry.
  • High-Performance Surgical Instruments: The tool steel market for medical devices presents a significant opportunity with increasing demands for high-performing surgical instruments and medical tools. Tool steels are used to manufacture instruments that require exceptional hardness, resistance to corrosion, and biocompatibility. This has increased the demand for advanced tool steels, particularly in emerging markets where the medical devices industry continues to grow. A substantial growth opportunity exists in developing materials that can serve as substitutes for demanding applications in the medical field.

Strategic opportunities in sectors like automotive, aerospace, electronics, medical devices, and heavy machinery drive growth in the tool steel market. These industries require advanced materials that can perform better than previous ones while offering durability and precision. Such prospects for development have already been identified but will intensify as manufacturers continue innovating more products, thereby entering new markets and defining future trends in the tool steel market.

Tool Steel Market Driver and Challenges

There are different factors behind these drivers including Technology advances such as additive manufacturing techniques as well as environmental rules on quality control systems within companies that make them use this kind of metal alloy for their production process due to its low cost when compared to other metals alloys at their disposal today owing from increased consumption rates across world market place setting off increased demand. Still, the industry is hindered by issues like high production costs, regulatory compliance, and supply chain disruptions.

The factors responsible for driving the tool steel market include:

  • Technological Advancements in Manufacturing: Technological advancements in manufacturing processes are a significant driver of the tool steel market. Innovations such as additive manufacturing, precision machining, and advanced heat treatment techniques have enabled tool steels with improved properties to be produced by manufacturers. These technologies are improving the performance, durability, and efficiency of tooling equipment, meeting the demands of modern industries. As manufacturers continue to invest in research and development, these technological advancements are expected to drive further growth in the tool steel market.
  • Increasing Demand for High-Performance Materials: Growing demand for high-performance materials used in the automotive, aerospace, and electronics sectors has boosted the Tool Steel market. Manufacturers need robust tool steels that exhibit high hardnesses, wear resistances as well as resistance to heat for them to fabricate durable tools that cannot fail easily. Consequently, as industries evolve requiring better materials, especially among automotive component producers who are moving towards using lighter metals like aluminum since they would lower their vehicles' weight thus enhancing fuel efficiency while maintaining its strength. This trend necessitates the development of new alloys or the improvement of existing ones to manufacture varieties that will satisfy the specific needs of different applications.
  • Sustainability and Environmental Regulations: The Tool Steel market is increasingly factoring in sustainability and environmental regulations. Governments and industry players are promoting green production methodologies that include the use of recycled materials and energy saving manufacturing methods. Manufacturers are compelled to invest in sustainable solutions as they face more scrutiny over adherence to environmental legislation. These trends towards environmentally friendly practices are changing how firms compete, with many emphasizing reducing their ecological footprints while maintaining high levels of performance and quality.

Challenges in the tool steel market are:

  • Rising Production Costs: The tool steel market grappling with rising production costs. There has been a surge in raw materials costs, energy expenses as well as labor charges for producers. Additionally, advanced manufacturing requirements coupled with the need for eco-friendliness have further added to production costs. To cope with it, manufacturers are forced to look for low-cost options such as process optimization in addition to alternative material sourcing.
  • Supply Chain Disruptions: One of the major challenges that the Tool Steel market faces is supply chain disruptions, particularly during global events like the COVID-19 pandemic. Such disruptions were experienced in terms of delays in raw material delivery, and transportation issues among others which caused uncertainties among manufacturers. This causes manufacturers to rethink their supply chain strategies while investing in regional production facilities so as not to rely heavily on imports when these disruptions occur. It is important to address these issues to make sure there's a stable tool steel supply hence growth market continuity.
  • Regulatory Compliance: The other big challenge for the tool steel Market is complying with regulations governing waste disposal and emissions from its products into air or water sources too. There exist diverse region-specific rules regarding environmental protection, safety at the workplace, and product quality which should be considered by all players operating within this sector. Incurring corporate penalties, legal suits or damaging company image may result if rules are violated by them. Owing to this ever-changing legal framework, firms should always keep themselves updated on environmental laws and modify their operations accordingly.

Technological advancements, demand for high performing materials as well as sustainability campaigns are pushing this industry to new heights. Nonetheless, there are a couple of significant hurdles that manufacturers in the sector will have to overcome namely rising production costs, supply chain disruptions and regulatory compliance requirements.

List of Tool Steel Companies

Companies in the market compete based on product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies tool steel companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the tool steel companies profiled in this report include-

  • Voestalpine
  • Samuel
  • Eramet
  • QiLu Special Steel
  • Hitachi Metals
  • Baosteel
  • Hudson Tool Steel
  • Buderus Edelstahl
  • Schmiedewerke Groditz
  • Tiangong International

Tool Steel by Segment

The study includes a forecast for the global tool steel market by product type, application, and region.

Tool Steel Market by Product Type [Analysis by Value from 2019 to 2031]:

  • Water Hardening
  • Cold Work
  • Shock Resisting
  • Hot Work
  • High Speed
  • Plastic Mold

Tool Steel Market by Application [Analysis by Value from 2019 to 2031]:

  • Automotive
  • Real Estate
  • Ship Building
  • Aerospace
  • Medical Industries
  • Others

Tool Steel Market by Region [Analysis by Value from 2019 to 2031]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Country Wise Outlook for the Tool Steel Market

Tool steel is experiencing extensive modifications occasioned by developments in manufacturing processes, a rise in demand for high performance tools, and the adoption of environmentally sustainable production practices. Tool steel has experienced increased demands within industrial sectors like automotive, construction, and electronics among others. The market is witnessing significant changes in countries such as the United States, China Germany India, and Japan. These include the development of new alloys for example, advanced manufacturing methods, and attempts aimed at reducing the environmental impacts on the production of steel. This section analyses recent developments that have taken place in tool steel markets across such regions.

  • United States: The US has witnessed immense progress on tool steel alloys majorly driven by the automotive and aerospace industries. Manufacturers are concentrating on developing high-performance tool steels with improved wear resistance, toughness, and heat resistance. The durability and efficiency of these tools have been enhanced through innovations involving powder metallurgy alloy compositions. Furthermore, there is now more focus on green manufacturing regarding the emission of carbon in making steel which means that certain companies are going green. Such advances underscore America's thriving cutting-edge arena for tool steels.
  • China: China is fast expanding its domestic production capacity to meet the increasing needs of its industry players demanding more local products. Investments into advanced production technology as well as brand new mills have been made driven by this country's drive to be self-reliant when it comes to manufacturing activities done locally by employing both state-of-the-art technologies involved in producing very superior tool steels at high speed as well as using high carbon containing ones which enhance cutting and forming tools' performance respectively while intensifying efforts geared towards improving quality control standards associated with domestically manufactured grades have also picked up momentum so far thereby strengthening this country's position within the international arena of tool steels.
  • Germany: As a highly renowned engineering nation, Germany is presently interested in precision tooling as well as sustainable methods of producing steel. The demand for high-precision tools has been experienced more by the automotive and machinery industries which has led to innovative tool design and material combinations. Besides, German producers are investing extensively in energy saving technologies so that this aligns with the sustainability objectives of their nation. High wear resistance combined with longer life periods can be made possible through sophisticated heat treatment processes involving tool steels. These developments entrench Germany's status as a top center for high quality production and innovative use of tool steels.
  • India: Investment in manufacturing of tool steel is escalating driven by growth witnessed in automotive sectors, however, construction is also catching up with it. Indian steel makers are concentrating on improving the quality of their grade to fully satisfy the increasing demand for hi-tech tools these days. This has been done through partnerships with some key global players involving the introduction of new grades and production techniques for making better ones among others such as alternative spelling Finally, there has been an increase in activities aimed at encouraging investment into domestic tool steel plants under the "Make in India" initiative being rolled out by India government thereby positioning this country within emerging markets relating to worldwide trade concerning these commodities too.
  • Japan: This is the content for Japan leading the way in high-speed tool steel technology, which has been driven by the need to manufacture products with precision and efficiency. High-precision cutting properties are available through Japanese manufacturers developing tool steels that have increased hardness, heat resistance, and wear resistance. The electronics and automotive industries drive this innovation by creating tools that can withstand extreme conditions. Recycling of scrap steel and reduction of energy consumption in steel production are other sustainable practices being prioritized by Japan. These advancements have enhanced the competitiveness of Japan in the market for tool steels.

Features of the Global Tool Steel Market

Market Size Estimates: Tool steel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Tool steel market size by product type, application, and region in terms of value ($B).

Regional Analysis: Tool steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the tool steel market.

Strategic Analysis: This includes M&A, new product development, and the competitive landscape of the tool steel market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

This report answers the following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the tool steel market by product type (water hardening, cold work, shock resisting, hot work, high speed, and plastic mold), application (automotive, real estate, shipbuilding, aerospace, medical industries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are this market's business risks and competitive threats?
  • Q.6. What are the emerging trends in this market and why?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Tool Steel Market : Market Dynamics

  • 2.1: Introduction, Background, and Classifications
  • 2.2: Supply Chain
  • 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

  • 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
  • 3.2. Global Tool Steel Market Trends (2019-2024) and Forecast (2025-2031)
  • 3.3: Global Tool Steel Market by Product Type
    • 3.3.1: Water Hardening
    • 3.3.2: Cold Work
    • 3.3.3: Shock Resisting
    • 3.3.4: Hot Work
    • 3.3.5: High Speed
    • 3.3.6: Plastic Mold
  • 3.4: Global Tool Steel Market by Application
    • 3.4.1: Automotive
    • 3.4.2: Real Estate
    • 3.4.3: Ship Building
    • 3.4.4: Aerospace
    • 3.4.5: Medical Industries
    • 3.4.6: Others

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

  • 4.1: Global Tool Steel Market by Region
  • 4.2: North American Tool Steel Market
    • 4.2.1: North American Tool Steel Market by Product Type: Water Hardening, Cold Work, Shock Resisting, Hot Work, High Speed, and Plastic Mold
    • 4.2.2: North American Tool Steel Market by Application: Automotive, Real Estate, Ship Building, Aerospace, Medical Industries, and Others
  • 4.3: European Tool Steel Market
    • 4.3.1: European Tool Steel Market by Product Type: Water Hardening, Cold Work, Shock Resisting, Hot Work, High Speed, and Plastic Mold
    • 4.3.2: European Tool Steel Market by Application: Automotive, Real Estate, Ship Building, Aerospace, Medical Industries, and Others
  • 4.4: APAC Tool Steel Market
    • 4.4.1: APAC Tool Steel Market by Product Type: Water Hardening, Cold Work, Shock Resisting, Hot Work, High Speed, and Plastic Mold
    • 4.4.2: APAC Tool Steel Market by Application: Automotive, Real Estate, Ship Building, Aerospace, Medical Industries, and Others
  • 4.5: ROW Tool Steel Market
    • 4.5.1: ROW Tool Steel Market by Product Type: Water Hardening, Cold Work, Shock Resisting, Hot Work, High Speed, and Plastic Mold
    • 4.5.2: ROW Tool Steel Market by Application: Automotive, Real Estate, Ship Building, Aerospace, Medical Industries, and Others

5. Competitor Analysis

  • 5.1: Product Portfolio Analysis
  • 5.2: Operational Integration
  • 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

  • 6.1: Growth Opportunity Analysis
    • 6.1.1: Growth Opportunities for the Global Tool Steel Market by Product Type
    • 6.1.2: Growth Opportunities for the Global Tool Steel Market by Application
    • 6.1.3: Growth Opportunities for the Global Tool Steel Market by Region
  • 6.2: Emerging Trends in the Global Tool Steel Market
  • 6.3: Strategic Analysis
    • 6.3.1: New Product Development
    • 6.3.2: Capacity Expansion of the Global Tool Steel Market
    • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Tool Steel Market
    • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

  • 7.1: Voestalpine
  • 7.2: Samuel
  • 7.3: Eramet
  • 7.4: QiLu Special Steel
  • 7.5: Hitachi Metals
  • 7.6: Baosteel
  • 7.7: Hudson Tool Steel
  • 7.8: Buderus Edelstahl
  • 7.9: Schmiedewerke Groditz
  • 7.10: Tiangong International