Description
Globally, the market for Tool Steel is growing at a CAGR of 5.05% during the forecast period (2017-2023). Tool Steels are comprised of a wide range of carbon and alloy steels, which are converted to develop various tools. Tool steels are known best for their hardness, deformation, and resistance to abrasion. They are used for shaping other materials for use in various applications. Tools steel have applications including cutting, pressing, extruding, and others.
Asia Pacific accounted for the largest market share of 62.45% in 2016 and is projected to grow at a CAGR of 5.23% during the forecast period. China is expected to dominate the market in Asia Pacific. The factors that are responsible for the growth of tool steel market are growing automotive industry, growth in forging industry, expansion of tool steel manufacturers in emerging markets. Tool steel is majorly dependent on the automotive industry. The demand in the automotive industry will result in the demand for tool steel. The growth in the forging industry will directly impact the tool steel industry. Forged metals are majorly used in automotive, factory automation, aerospace, defense and others. Technology advancement in forged metal and growing demand in the emerging economies will impact the market for tool steel. The fluctuation in steel prices will have a great impact on the tool steel market. The price of the steel fluctuate greatly, due to which the material cost of tool steel will increase or decrease. This will restrain the growth of the market in future.
Key Players
The key players in market include Nachi-Fujikoshi Corp (Japan), Voestalpine AG (Austria), Sandvik (Sweden), Baosteel group (China), Samuel Son & Co. (Canada), Hitachi Metal, Ltd (Japan), Eramet SA (France), Schmiedewerke Gröditz GmbH (SWG) (Germany), Universal Stainless (U.S.), and QiLu Special Steel Co, Ltd (China).
Key Findings
• The global Tool Steel market is expected to reach USD 5,861.6 million by 2023.
• Regionally, Asia Pacific is expected to have the largest market of USD 3,702.4 million by 2023.
• In Europe, Germany accounted for the largest market share of 28.02% in 2016, with a market value of USD 201.6 million and is projected to grow at the highest CAGR of 5.04% during the forecast period. France was the second-largest market in 2016, valued at USD 173.5 million in 2016; it is projected to grow at a CAGR of 4.69%.
• By type, Metal Cutting accounted for the largest market share of 30.11% in 2016.
• By format type, Round Rolled accounted for the largest market share of 47.40% in 2016.
Geographic Analysis
The report covers brief analysis of geographical region includes:
North America
• US
• Canada
Europe
• Germany
• U.K.
• France
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia Pacific
RoW
• Middle East & Africa
• South America
Study Objectives of Tool Steel Market
• To provide detailed analysis of the market structure along with the forecast of the various segments and sub-segments included in global tool steel market with the analysis of development and demand in the market, for the next five to ten years
• To identify high growth regions and countries
• To study regional and country-specific demand and forecast for global tool steel market
• To cover the key segments of type, format type, application, process, and region
• To finalize unit breakdown for all different classifications required for forecasting, considering various factors
• To identify forecast demand for all probable segments for all the regions, and to collect the historical figure, data through primary and annual reports to derive the regional and country level market size
• To identify historical trends to forecast and estimate the future value data
Intended Audience
• Manufacturers and distributors of tool steel market
• Suppliers and traders of tool steel market
• Government associations and industrial bodies.
• Investors and Trade experts
• Consulting in automotive experts
DC description
Tool steel plate
Stainless steel backsplash
Stainless steel sheet
Stainless steel tubing
Tool steel distributors
Stainless steel sheet metal
Buy tool steel
Stainless steel mesh
Stainless steel wire
Stainless steel rod
Stainless steel plate
Stainless steel angle
Table of Contents:
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Market Drivers
4.1.1 Growing Automotive Industry Will Accelerate The Tool Steel Market
4.1.2 Growing Forging Industry
4.1.3 Expansion of Global Tool Steel Manufacturers into Emerging Markets
4.2 Market Restraints & Challenges
4.2.1 Fluctuating Prices of Steel
4.3 Market Opportunities
4.3.1 Broader Scope in Developing Nations
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Suppliers
4.4.3 Bargaining Power of Buyers
4.4.4 Threat of Substitutes
4.4.5 Rivalry
4.5 Value Chain Analysis
4.5.1 Tool Steel Raw Material Supply
4.5.2 Manufacture & Assembly
4.5.3 Distribution
4.5.4 End-Use
5 Global Tool Steel Market, By Type
5.1 Introduction
5.1.1 High Speed Tool Steel
5.1.2 Metal Cutting
5.1.3 Alloy Tool Steel
5.1.4 Carbon Tool Steel
6 Global Tool Steel Market, By Format Type
6.1 Introduction
6.1.1 Round Format Type, By Application
6.1.2 Square Format Type, By Application
6.1.3 Other Format Type, By Application
6.1.4 Round
6.1.5 Square
6.1.6 Others
7 Global Tool Steel Market, By Application
7.1 Introduction
7.2 Automotive
7.3 Machinery
7.4 Shipbuilding
8 Global Tool Steel Market, By Process
8.1 Introduction
8.1.1 Forged
8.1.2 Rolled
9 Global Tool Steel Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia – Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia-Pacific
9.5 Rest of the World
9.5.1 South America
9.5.2 Middle East & Africa
10 Company Profiles
10.1 Nachi-Fujikoshi Corp
10.1.1 Company Profile
10.1.2 Product /Service Offering
10.1.3 Financial Overview
10.1.4 Key Developments
10.1.5 Strategy
10.1.6 SWOT Analysis
10.2 Voestalpine AG
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Product/Service Offering
10.2.4 Strategy
10.3 Sandvik
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Product/Service Offering
10.3.4 Strategy
10.4 Baosteel Group
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Product/Service Offering
10.4.4 Strategy
10.5 Samuel, Son & Co.
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Product/Service Offering
10.6 Hitachi Metal, Ltd
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Product/Service Offering
10.6.4 Strategy
10.7 Eramet SA
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Product/Service Offering
10.7.4 Strategy
10.8 Schmiedewerke Gröditz
10.8.1 Company Overview
10.8.2 Financial Overveiw
10.8.3 Product/Service Offering
10.8.4 Strategy
10.9 Universal Stainless
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Products Offering
10.9.4 Strategy
10.1 QiLu Special Steel Co,.Ltd
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Product/Service Offering
10.10.4 Strategy
10.11 Hudson Tool Steel Corporation
10.11.1 Company Overview
10.11.2 Financial Overview
10.11.3 Product/Service Offering
10.11.4 Strategy
10.12 GERDAU S.A
10.12.1 Company Overview
10.12.2 Financial Overview
10.12.3 Product/Service Offering
10.12.4 Strategy
10.13 Pennsylvania Steel Company
10.13.1 Company Overview
10.13.2 Financial Overview
10.13.3 Product/Service Offering
10.13.4 Strategy
