High-speed steel (HSS) is a type of tool steel renowned for its exceptional hardness, wear resistance, and ability to retain its cutting edge at elevated temperatures.
The high-speed steel (HSS) tools market experienced substantial growth, reaching a valuation of US$ 5.6 billion in 2022. Future Market Insights predicts a robust compound annual growth rate (CAGR) of 6% from 2023 to 2033, projecting the market to achieve a value of US$ 10.6 billion by the end of the assessment period. This growth trajectory underscores the increasing demand for HSS tools across various industries, driven by their exceptional hardness, wear resistance, and versatility in machining operations. As manufacturing sectors continue to expand and modernize, the demand for high-performance cutting tools is expected to escalate, further fueling the growth of the HSS tools market in the coming years.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-9000
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-9000
Key Players
- Sandvik AB
- Mitsubishi Materials Corporation
- OSG Corporation
- Kennametal Inc.
- YG-1 Co. Ltd.
- TTI Group
- Stanley Black & Decker Inc.
- Tiangong International Co. Ltd.
- Sumitomo Electric Hartmetall GmbH
- TDC Cutting Tools Inc.
- CERATIZIT S.A.
- KYOCERA Corporation
- Gühring KG
- Walter AG
- RUKO GmbH
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube