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Tool Steel Market

Global Tool Steel Market By Material (Chromium, Tungsten, Molybdenum, Vanadium and Others), By Product (High Speed, Cold Work, Hot Work, Plastic Mold and Others) Growth, Future Prospects & Competitive Analysis, 2016 – 2030
Report Book

Published Date: May 2023
Category: Advance Materials
Report ID: 61108
Report Format: PDF
No of Pages: 190

Rating: Credence Reports

Key Highlights of the Report

How are the major segments performing in the tool steel market?

  • In 2022, the tungsten category accounted for the largest share of the market. Tungsten is designated as a high-speed tool steel with a hardness that lasts up to 540 degrees Celsius. The benefits of this material are its high appropriateness for high-speed machines, resistance to grain growth, high toughness and red hardness, and high-temperature strength.
  • In 2022, the plastic mold category held the largest share. Important industry players provide tool steels with specialized manufacturing methods and procedures, enabling them to satisfy the various demands of plastic items and their production.
  • In 2022, the automotive category held the largest share. Every day, new ideas are brought to the automotive industry. The demand for tools and dies used in the shaping and processing plastic components has grown due to the increasingly specific criteria set by automotive applications.

What is the market size of tool steel regarding value?

The global tool steel market is anticipated to grow at a substantial CAGR of 4.80% in the upcoming years. The global Tool steel industry was estimated to be worth USD 5.8 billion in 2022 and was expected to be worth USD 8.1 billion by 2028.

Which region dominated the tool steel market?

In 2022, the North American region was anticipated to hold a prominent share of the global tool steel market. The market for tool steel is being driven by the region’s growing industrial sector, particularly in the automotive and aerospace industries. The region is home to several important business figures and tool steel producers, which helps the industry grow. North America sees a surge in demand for high-quality tool steel due to the growing focus on precise and efficient production processes. Also, the region has strict regulations for manufacturing and using tool steel, which encourages market growth.

Tool Steel Market

How is US market performing in the tool steel market?

In 2022, the United States was anticipated to hold a prominent share of North America’s global tool steel market. The US is a significant user of tool steel due to its huge production base, expanding industrialization, and high demand from the automotive industry. The production of automotive injectors, turbochargers, valves, parts, interior panels, and pistons that will speed up future market growth depends heavily on this product. In addition, the market for tool steel is anticipated to expand during the ensuing years due to variables including rising demand for bespoke tool steel products, rising R&D spending, and expanding use of innovative production techniques.

How is the economy impacting the global tool steel growth?

Industries start to struggle as economic growth slows. Global economic growth was adversely affected by COVID-19. Due to supply chain issues, it has impacted many industrial sectors, including tool steel. The lockout and shutdown have greatly impacted the purchasing habits of global supply chains, shuttered retail businesses, and different industries, most notably the automotive industry. This has so impacted the market’s growth.

What is the competitive environment of the tool steel market?

The tool steel market is highly fragmented and competitive, and it stands out for having many global competitors. The top market players are utilizing various strategies, including mergers and acquisitions, partnerships, expansion, and the creation of new products, to increase market share and reap the benefits of market growth potential. For instance, in January 2021, to provide technical support for the high-performance surface treatment (TribecTM) of dies, Hitachi Metals, Ltd. and Teikuro Inc. acquired each other. The business signed the contract to expand its tool steel solution capabilities in the North American market. The company’s brand value is anticipated to rise, and revenue growth is anticipated to quicken.

Executive Summary

What are the key trends in the tool steel market?

  • High demand for tool steel from the plastics industry will drive market expansion: The plastic sector is expected to increase its need for tool steel, propelling the global tool steel market ahead. Forging, slitting, stamping, cutting, and plastic extrusion are just a few of the uses for tool steel in the plastics sector. This makes the product crucial for molding materials like plastics and other sheets into the precise components needed by the end-use industries. One of tool steel’s most significant uses is producing forging dies. Many improvements and changes have been observed, especially in the metal forging industry. Components for the automotive and aerospace industries that are frequently found in stress and shock zones are frequently produced by metal forging. As a result, the metal forging industry’s positive growth is anticipated to encourage market expansion.

How the rise has influenced the growth of the tool steel market in automotive industry?

The future expansion of the tool steel market is anticipated to be fueled by the expanding automotive sector. Companies and organizations engaged in automobile research, development, design, production, and marketing are called the automotive industry. The automotive industry’s vehicle and engine components manufacturing benefits from using tool steel such as stainless steel, high-strength steel, low-carbon, high-carbon, or galvanized steel. For instance, according to India Brand Equity Foundation, a government export promotion organization in India, 1.86 million passenger vehicles, three-wheelers, two-wheelers, and quadricycles were produced overall in January 2022. As a result, the expanding automotive industry is anticipated to increase demand for tool steel.

Which are the key investments by the tool steel market players?

Tool steel makers are heavily spending on research and development to create new, improved goods with superior characteristics and performance. This investment is anticipated to create new alloys and goods, which will fuel the market for tool steel’s expansion. The size of the tool steel market may expand more quickly due to expanding infrastructure investments in China, Japan, and India and rising demand for office and residential space. India spent more than USD 10 billion on infrastructure in 2018, offering several potential expansion opportunities for the construction industry.

Major tool steel market players are SCHMOLZ + BICKENBACH, Voestalpine, Hitachi Metals, Ltd., Tiangong International, Nachi-Fujikoshi Corp., Samuel, Son & Co., Sandvik Eramet SA, BOHLER, Buderus Edelstahl GmbH, Baosteel Group, Dongbei Special Steel Group Co. Ltd and others.

What are the major driving factors for the tool steel market?

The demand for new homes and businesses is anticipated to rise, propelling the worldwide tool steel market to new heights. Infrastructure spending is anticipated to increase in China, India, and Japan. The increasing demand for forged metals from the automotive, industrial automation, military, and aerospace industries will likely fuel the expansion of the global tool steel market. Furthermore, counterfeit items are becoming increasingly well-liked as industrial operations flourish due to increased foreign investment and favorable governmental rules, The benefits of this product, which include hardness, high strength, fracture resistance, and a high temperature, make it more suitable for forging processes and are projected to improve product demand.

What are the major risks for the tool steel market?

The expansion of tool steel is constrained by market factors such as the price volatility of steel and increased consumer desire for carbide-based substitutes. Moreover, shifting consumer preferences away from tool steel in favor of carbide-based substitutes is undermining market growth for tool steel and posing a significant challenge.

Which is the key application category in the tool steel market?

The automotive category held the largest share of the market in 2022. Steel, aluminum alloys, plastics, and ceramics are all employed in the production of automobiles. Still, tool steels are used in several components, including the engine block, gearbox, and clutch hub, among others. These materials’ strong strength qualities suit them for use in automotive applications requiring minimal weight and great performance. Furthermore, the automobile industry has high standards for its tools’ reliability, strength, and durability. With keeping the appropriate level of product precision, tool steel can attain these qualities. As a result, the product’s exceptional accuracy and durability are anticipated to fuel the need for tool steel.

How is the tool steel market performing in regions?

Asia Pacific market is anticipated to witness fastest growth in the global tool steel market during the forecast period. Growing investments from regional nations like India, China, and Japan are expanding the market size. These nations’ rising demand for homes and office space is anticipated to fuel market demand further. The growth can also be linked to the rising demand for tools in China and India’s shipbuilding and automotive sectors due to these nations’ rapid industrialization & urbanization over the past few years. During the projected period, increased disposable income and robust economic growth will also fuel a further increase in product demand.

What is the regulatory landscape for the tool steel market?

Increased foreign investment and supportive government policies have increased manufacturing operations, which has raised consumer demand for counterfeit goods. Indian Ministry of Commerce’s India Brand Equity Foundation estimates that between 2019 and 2023, India will invest USD 1.4 trillion in infrastructure (IBEF). The government intends to invest over 750 billion USD on rail infrastructure out of this total. The market will benefit from these trends since tool steel is essential for producing the tools needed to construct substantial infrastructure.

What are the major players planning for the future of the tool steel market?

In the upcoming years, the tool steel market will see a significant increase in the demand for innovative goods and technology. To meet the needs of the industry and increase their market share, the major tools steel market companies are concentrating on creating novel tools employing cutting-edge materials. Thanks to these collaborations, companies will be able to profit from new technology, broaden their product offerings, and increase their market share.

REPORT ATTRIBUTE DETAILS
Tool Steel Market by Volume Yes
Tool Steel Market by Value Yes
Tool Steel Market, Tornado Analysis Yes
Tool Steel Market, STAR Analysis Yes
Tool Steel Market, SRC Analysis Yes
Tool Steel Market, Import-Export Data Yes (On Demand)
Tool Steel Market Pricing Analysis Yes (On Demand)
Tool Steel Market Segment Analysis By Material (Chromium, Tungsten, Molybdenum, Vanadium and Others)

By Product (High Speed, Cold Work, Hot Work, Plastic Mold and Others)

By Application (Automotive, Shipbuilding, Aerospace, Manufacturing and Others)

Tool Steel Market, Regional Analysis North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Tool Steel Market Key Companies SCHMOLZ + BICKENBACH, Voestalpine, Hitachi Metals, Ltd., Tiangong International ,Nachi-Fujikoshi Corp., , Samuel, Son & Co., Sandvik Eramet SA, , BOHLER, Buderus Edelstahl GmbH, Baosteel Group, Dongbei Special Steel Group Co. Ltd and others
Tool Steel Market Competitive Landscape Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Segmentation of Global Tool Steel Market-

Global Tool Steel Market – By Material

  • Chromium
  • Tungsten
  • Molybdenum
  • Vanadium
  • Others

Global Tool Steel Market – By Product

  • High Speed
  • Cold Work
  • Hot Work
  • Plastic Mold
  • Others

Global Tool Steel Market – By Application

  • Automotive
  • Shipbuilding
  • Aerospace
  • Manufacturing
  • Others

Global Tool Steel Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Tool Steel Market
2.2. Global Tool Steel Market, By Material
2.3. Global Tool Steel Market, By Product
2.4. Global Tool Steel Market, By Application
2.5. Global Tool Steel Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Tool Steel Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Material
3.5.2. Product
3.5.3. Application
3.5.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Material Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Tool Steel Market
7.1. Global Tool Steel Market, by Material, 2017-2030 (US$ Bn)
7.1.1. Overview
7.1.2. Global Tool Steel Market, By Material, 2022 vs 2030 (in%)
7.1.3. Global Tool Steel Market, By Chromium, 2017-2030 (US$ Bn)
7.1.4. Global Tool Steel Market, By Tungsten, 2017-2030 (US$ Bn)
7.1.5. Global Tool Steel Market, By Molybdenum, 2017-2030 (US$ Bn)
7.1.6. Global Tool Steel Market, By Vanadium, 2017-2030 (US$ Bn)
7.1.7. Global Tool Steel Market, By Others, 2017-2030 (US$ Bn)
7.2. Global Tool Steel Market, by Product, 2017-2030 (US$ Bn)
7.2.1. Overview
7.2.2. Global Tool Steel Market, By Product, 2022 vs 2030 (in%)
7.2.3. Global Tool Steel Market, By High Speed, 2017-2030 (US$ Bn)
7.2.4. Global Tool Steel Market, By Cold Work, 2017-2030 (US$ Bn)
7.2.5. Global Tool Steel Market, By Hot Work, 2017-2030 (US$ Bn)
7.2.6. Global Tool Steel Market, By Plastic Mold, 2017-2030 (US$ Bn)
7.2.7. Global Tool Steel Market, By Others, 2017-2030 (US$ Bn)
7.3. Global Tool Steel Market, by Application, 2017-2030 (US$ Bn)
7.3.1. Overview
7.3.2. Global Tool Steel Market, By Application, 2022 vs 2030 (in%)
7.3.3. Global Tool Steel Market, By Automotive, 2017-2030 (US$ Bn)
7.3.4. Global Tool Steel Market, By Shipbuilding, 2017-2030 (US$ Bn)
7.3.5. Global Tool Steel Market, By Aerospace, 2017-2030 (US$ Bn)
7.3.6. Global Tool Steel Market, By Manufacturing, 2017-2030 (US$ Bn)
7.3.7. Global Tool Steel Market, By Others, 2017-2030 (US$ Bn)

8. North America Tool Steel Market Analysis
8.1. North America Tool Steel Market, by Material, 2017-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Tool Steel Market, by Product, 2017-2030(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Tool Steel Market, by Application, 2017-2030(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Tool Steel Market, by Country, 2017-2030 (US$ Bn)
8.4.1. U.S.
8.4.1.1. U.S. Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.4.1.2. U.S. Tool Steel, By Material, 2017-2030 (US$ Bn)
8.4.1.3. U.S. Tool Steel, By Product, 2017-2030 (US$ Bn)
8.4.1.4. U.S. Tool Steel, By Application, 2017-2030 (US$ Bn)
8.4.2. Canada
8.4.2.1. Canada Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.4.2.2. Canada Tool Steel, By Material, 2017-2030 (US$ Bn)
8.4.2.3. Canada Tool Steel, By Product, 2017-2030 (US$ Bn)
8.4.2.4. Canada Tool Steel, By Application, 2017-2030 (US$ Bn)

9. Europe Tool Steel Market Analysis
9.1. Europe Tool Steel Market, by Material, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Tool Steel Market, by Product, 2017-2030(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Tool Steel Market, by Application, 2017-2030(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Tool Steel Market, by Country, 2017-2030 (US$ Bn)
9.4.1. Germany
9.4.1.1. Germany Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.1.2. Germany Tool Steel, By Material, 2017-2030 (US$ Bn)
9.4.1.3. Germany Tool Steel, By Product, 2017-2030 (US$ Bn)
9.4.1.4. Germany Tool Steel, By Application, 2017-2030 (US$ Bn)
9.4.2. France
9.4.2.1. France Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.2.2. France Tool Steel, By Material, 2017-2030 (US$ Bn)
9.4.2.3. France Tool Steel, By Product, 2017-2030 (US$ Bn)
9.4.2.4. France Tool Steel, By Application, 2017-2030 (US$ Bn)
9.4.3. UK
9.4.3.1. UK Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.3.2. UK Tool Steel, By Material, 2017-2030 (US$ Bn)
9.4.3.3. UK Tool Steel, By Product, 2017-2030 (US$ Bn)
9.4.3.4. UK Tool Steel, By Application, 2017-2030 (US$ Bn)
9.4.4. Italy
9.4.4.1. Italy Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.4.2. Italy Tool Steel, By Material, 2017-2030 (US$ Bn)
9.4.4.3. Italy Tool Steel, By Product, 2017-2030 (US$ Bn)
9.4.4.4. Italy Tool Steel, By Application, 2017-2030 (US$ Bn)
9.4.5. Spain
9.4.5.1. Spain Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.5.2. Spain Tool Steel, By Material, 2017-2030 (US$ Bn)
9.4.5.3. Spain Tool Steel, By Product, 2017-2030 (US$ Bn)
9.4.5.4. Spain Tool Steel, By Application, 2017-2030 (US$ Bn)
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.4.6.2. Rest of Europe Tool Steel, By Material, 2017-2030 (US$ Bn)
9.4.6.3. Rest of Europe Tool Steel, By Product, 2017-2030 (US$ Bn)
9.4.6.4. Rest of Europe Tool Steel, By Application, 2017-2030 (US$ Bn)

10. Asia Pacific Tool Steel Market Analysis
10.1. Asia Pacific Tool Steel Market, by Material, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Tool Steel Market, by Product, 2017-2030(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Tool Steel Market, by Application, 2017-2030(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Tool Steel Market, by Country, 2017-2030 (US$ Bn)
10.4.1. China
10.4.1.1. China Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.1.2. China Tool Steel, By Material, 2017-2030 (US$ Bn)
10.4.1.3. China Tool Steel, By Product, 2017-2030 (US$ Bn)
10.4.1.4. China Tool Steel, By Application, 2017-2030 (US$ Bn)
10.4.2. Japan
10.4.2.1. Japan Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.2.2. Japan Tool Steel, By Material, 2017-2030 (US$ Bn)
10.4.2.3. Japan Tool Steel, By Product, 2017-2030 (US$ Bn)
10.4.2.4. Japan Tool Steel, By Application, 2017-2030 (US$ Bn)
10.4.3. India
10.4.3.1. India Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.3.2. India Tool Steel, By Material, 2017-2030 (US$ Bn)
10.4.3.3. India Tool Steel, By Product, 2017-2030 (US$ Bn)
10.4.3.4. India Tool Steel, By Application, 2017-2030 (US$ Bn)
10.4.4. South Korea
10.4.4.1. South Korea Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.4.2. South Korea Tool Steel, By Material, 2017-2030 (US$ Bn)
10.4.4.3. South Korea Tool Steel, By Product, 2017-2030 (US$ Bn)
10.4.4.4. South Korea Tool Steel, By Application, 2017-2030 (US$ Bn)
10.4.5. South-East Asia
10.4.5.1. South-East Asia Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.5.2. South-East Asia Tool Steel, By Material, 2017-2030 (US$ Bn)
10.4.5.3. South-East Asia Tool Steel, By Product, 2017-2030 (US$ Bn)
10.4.5.4. South-East Asia Tool Steel, By Application, 2017-2030 (US$ Bn)
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.4.6.2. Rest of Asia Pacific Tool Steel, By Material, 2017-2030 (US$ Bn)
10.4.6.3. Rest of Asia Pacific Tool Steel, By Product, 2017-2030 (US$ Bn)
10.4.6.4. Rest of Asia Pacific Tool Steel, By Application, 2017-2030 (US$ Bn)

11. Latin America Tool Steel Market Analysis
11.1. Latin America Tool Steel Market, by Material, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Tool Steel Market, by Product, 2017-2030(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Tool Steel Market, by Application, 2017-2030(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Tool Steel Market, by Country, 2017-2030 (US$ Bn)
11.4.1. Brazil
11.4.1.1. Brazil Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.1.2. Brazil Tool Steel, By Material, 2017-2030 (US$ Bn)
11.4.1.3. Brazil Tool Steel, By Product, 2017-2030 (US$ Bn)
11.4.1.4. Brazil Tool Steel, By Application, 2017-2030 (US$ Bn)
11.4.2. Mexico
11.4.2.1. Mexico Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.2.2. Mexico Tool Steel, By Material, 2017-2030 (US$ Bn)
11.4.2.3. Mexico Tool Steel, By Product, 2017-2030 (US$ Bn)
11.4.2.4. Mexico Tool Steel, By Application, 2017-2030 (US$ Bn)
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.4.3.2. Rest of Latin America Tool Steel, By Material, 2017-2030 (US$ Bn)
11.4.3.3. Rest of Latin America Tool Steel, By Product, 2017-2030 (US$ Bn)
11.4.3.4. Rest of Latin America Tool Steel, By Application, 2017-2030 (US$ Bn)

12. Middle East and Africa Tool Steel Market Analysis
12.1. Middle East and Africa Tool Steel Market, by Material, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Tool Steel Market, by Product, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Tool Steel Market, by Application, 2017-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Tool Steel Market, by Country, 2017-2030 (US$ Bn)
12.4.1. GCC Countries
12.4.1.1. GCC Countries Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.1.2. GCC Countries Tool Steel, By Material, 2017-2030 (US$ Bn)
12.4.1.3. GCC Countries Tool Steel, By Product, 2017-2030 (US$ Bn)
12.4.1.4. GCC Countries Tool Steel, By Application, 2017-2030 (US$ Bn)
12.4.2. South Africa
12.4.2.1. South Africa Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.2.2. South Africa Tool Steel, By Material, 2017-2030 (US$ Bn)
12.4.2.3. South Africa Tool Steel, By Product, 2017-2030 (US$ Bn)
12.4.2.4. South Africa Tool Steel, By Application, 2017-2030 (US$ Bn)
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Tool Steel Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.4.3.2. Rest of Middle East and Africa Tool Steel, By Material, 2017-2030 (US$ Bn)
12.4.3.3. Rest of Middle East and Africa Tool Steel, By Product, 2017-2030 (US$ Bn)
12.4.3.4. Rest of Middle East and Africa Tool Steel, By Application, 2017-2030 (US$ Bn)

13. Company Profiles
13.1. SCHMOLZ + BICKENBACH
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Voestalpine
13.3. Hitachi Metals, Ltd.
13.4. Tiangong International
13.5. Nachi-Fujikoshi Corp.
13.6. Samuel, Son & Co.
13.7. Sandvik Eramet SA
13.8. BOHLER
13.9. Buderus Edelstahl GmbH
13.10. Baosteel Group
13.11. Dongbei Special Steel Group Co. Ltd
13.12. Others

List of Figures
FIG. 1 Global Tool Steel Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Tool Steel Market Segmentation
FIG. 4 Global Tool Steel Market, by Material, 2022 (US$ Bn)
FIG. 5 Global Tool Steel Market, by Product, 2022 (US$ Bn)
FIG. 6 Global Tool Steel Market, by Application, 2022 (US$ Bn)
FIG. 7 Global Tool Steel Market, by Geography, 2022 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Material, 2022
FIG. 9 Attractive Investment Proposition, by Product, 2022
FIG. 10 Attractive Investment Proposition, by Application, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Tool Steel Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Tool Steel Market Manufacturers, 2022
FIG. 14 Global Tool Steel Market Value Contribution, By Material, 2022 & 2030 (Value %)
FIG. 15 Global Tool Steel Market, by Chromium, Value, 2017-2030 (US$ Bn)
FIG. 16 Global Tool Steel Market, by Tungsten, Value, 2017-2030 (US$ Bn)
FIG. 17 Global Tool Steel Market, by Molybdenum, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Tool Steel Market, by Vanadium, Value, 2017-2030 (US$ Bn)
FIG. 19 Global Tool Steel Market, by Others, Value, 2017-2030 (US$ Bn)
FIG. 20 Global Tool Steel Market Value Contribution, By Product, 2022 & 2030 (Value %)
FIG. 21 Global Tool Steel Market, by High Speed, Value, 2017-2030 (US$ Bn)
FIG. 22 Global Tool Steel Market, by Cold Work, 2017-2030 (US$ Bn)
FIG. 23 Global Tool Steel Market, by Hot Work, 2017-2030 (US$ Bn)
FIG. 24 Global Tool Steel Market, by Plastic Mold, 2017-2030 (US$ Bn)
FIG. 25 Global Tool Steel Market, by Others, 2017-2030 (US$ Bn)
FIG. 26 Global Tool Steel Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 27 Global Tool Steel Market, by Automotive, Value, 2017-2030 (US$ Bn)
FIG. 28 Global Tool Steel Market, by Shipbuilding, 2017-2030 (US$ Bn)
FIG. 29 Global Tool Steel Market, by Aerospace, 2017-2030 (US$ Bn)
FIG. 30 Global Tool Steel Market, by Manufacturing, 2017-2030 (US$ Bn)
FIG. 31 Global Tool Steel Market, by Others, 2017-2030 (US$ Bn)
FIG. 32 North America Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 33 U.S. Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 34 Canada Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 35 Europe Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 36 Germany Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 37 France Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 38 U.K. Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 39 Italy Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 40 Spain Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 41 Rest of Europe Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 42 Asia Pacific Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 43 China Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 44 Japan Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 45 India Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 46 South Korea Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 47 South-East Asia Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 48 Rest of Asia Pacific Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 49 Latin America Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 50 Brazil Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 51 Mexico Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 52 Rest of Latin America Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 53 Middle East & Africa Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 54 GCC Countries Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 55 South Africa Tool Steel Market, 2017-2030 (US$ Bn)
FIG. 56 Rest of Middle East and Africa Tool Steel Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Tool Steel Market
TABLE 2 Global Tool Steel Market, by Competitive Benchmarking, 2022
TABLE 3 Global Tool Steel Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Tool Steel Market, by Key Strategies Analysis, 2022
TABLE 5 Global Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 6 Global Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 7 Global Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 8 Global Tool Steel Market, by Geography, 2017-2030 (US$ Bn)
TABLE 9 North America Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 10 North America Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 11 North America Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 12 North America Tool Steel Market, by Country, 2017-2030 (US$ Bn)
TABLE 13 US Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 14 US Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 15 US Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 16 Canada Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 17 Canada Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 18 Canada Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 19 Europe Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 20 Europe Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 21 Europe Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 22 Europe Tool Steel Market, by Country, 2017-2030 (US$ Bn)
TABLE 23 Germany Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 24 Germany Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 25 Germany Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 26 France Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 27 France Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 28 France Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 29 UK Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 30 UK Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 31 UK Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 32 Italy Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 33 Italy Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 34 Italy Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 35 Spain Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 36 Spain Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 37 Spain Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 38 Rest of Europe Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 39 Rest of Europe Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 40 Rest of Europe Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 41 Asia Pacific Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 42 Asia Pacific Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 43 Asia Pacific Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 44 Asia Pacific Tool Steel Market, by Country, 2017-2030 (US$ Bn)
TABLE 45 China Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 46 China Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 47 China Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 48 Japan Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 49 Japan Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 50 Japan Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 51 India Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 52 India Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 53 India Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 54 South Korea Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 55 South Korea Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 56 South Korea Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 57 South-East Asia Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 58 South-East Asia Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 59 South-East Asia Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 60 Rest of Asia Pacific Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 61 Rest of Asia Pacific Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 62 Rest of Asia Pacific Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 63 Latin America Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 64 Latin America Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 65 Latin America Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 66 Latin America Tool Steel Market, by Country, 2017-2030 (US$ Bn)
TABLE 67 Brazil Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 68 Brazil Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 69 Brazil Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 70 Mexico Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 71 Mexico Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 72 Mexico Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 73 Rest of Latin America Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 74 Rest of Latin America Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 75 Rest of Latin America Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 76 Middle East and Africa Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 77 Middle East and Africa Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 78 Middle East and Africa Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 79 Middle East and Africa Tool Steel Market, by Country, 2017-2030 (US$ Bn)
TABLE 80 GCC Countries Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 81 GCC Countries Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 82 GCC Countries Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 83 South Africa Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 84 South Africa Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 85 South Africa Tool Steel Market, by Application, 2017-2030 (US$ Bn)
TABLE 86 Rest of Middle East and Africa Tool Steel Market, by Material, 2017-2030 (US$ Bn)
TABLE 87 Rest of Middle East and Africa Tool Steel Market, by Product, 2017-2030 (US$ Bn)
TABLE 88 Rest of Middle East and Africa Tool Steel Market, by Application, 2017-2030 (US$ Bn)

Frequently asked questions

How does COVID-19 Impact the global tool steel market?

The COVID-19 pandemic has significantly impacted the market. Due to the suspension of production and the disruption of supply lines, the demand for tool steel fell in the epidemic’s early stages.

Which is the leading region of the market for tool steel?

North America accounted for the most heightened share in the global tool steel market.

What are the key drivers for the growth of the tool steel market?

The demand for new homes and businesses is anticipated to rise, propelling the worldwide tool steel market to new heights.

Which is the major segment in the tool steel market by material?

The tungsten segment had a major share in the global market in 2022.

Which is the major segment in the tool steel market by product?

The plastic mold segment had a major share in the global market.

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