Global High Speed Steel (HSS) Metal Cutting Tools Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global High Speed Steel (HSS) Metal Cutting Tools market size will reach 4,848.24 Million USD in 2025 and is projected to reach 6,007.44 Million USD by 2032, with a CAGR of 3.11% (2025-2032). Notably, the China High Speed Steel (HSS) Metal Cutting Tools market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
High-Speed Steel (HSS) Metal Cutting Tools are cutting tools made from a type of tool steel known as high-speed steel. HSS is renowned for its exceptional hardness, wear resistance, and ability to retain cutting edge sharpness even at elevated temperatures. These metal cutting tools, including drills, end mills, taps, and saw blades, are widely used in machining and metalworking applications where high-speed and continuous cutting are required. The unique composition of HSS, which often includes elements like tungsten, molybdenum, chromium, and vanadium, enables these tools to withstand the heat generated during cutting processes. HSS metal cutting tools are crucial in industries such as manufacturing, automotive, and aerospace, where precision and efficiency in machining various metals and alloys are essential for producing high-quality components and parts.
The major global manufacturers of High Speed Steel (HSS) Metal Cutting Tools 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, Jore Corporation, Guhring, Somta Tools, BIG Kaiser, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of High Speed Steel (HSS) Metal Cutting Tools. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global High Speed Steel (HSS) Metal Cutting Tools market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the High Speed Steel (HSS) Metal Cutting Tools market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of High Speed Steel (HSS) Metal Cutting Tools industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of High Speed Steel (HSS) Metal Cutting Tools 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
Jore Corporation
Guhring
Somta Tools
BIG Kaiser
High Speed Steel (HSS) Metal Cutting Tools Product Segment Include:
HSS Milling Tools
HSS Drilling Tools
HSS Tapping Tools
HSS Reaming & Counterboring Tools
HSS Gear Cutting Tools
HSS Broaching Tools
Other
High Speed Steel (HSS) Metal Cutting Tools Product Application Include:
Automobile Industry
Oil & Gas Industry
Machinery Industry
Aircraft Industry
Other
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global High Speed Steel (HSS) Metal Cutting Tools Industry PESTEL Analysis
Chapter 3: Global High Speed Steel (HSS) Metal Cutting Tools Industry Porter's Five Forces Analysis
Chapter 4: Global High Speed Steel (HSS) Metal Cutting Tools Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global High Speed Steel (HSS) Metal Cutting Tools Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global High Speed Steel (HSS) Metal Cutting Tools Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, High Speed Steel (HSS) Metal Cutting Tools Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global High Speed Steel (HSS) Metal Cutting Tools market size will reach 4,848.24 Million USD in 2025 and is projected to reach 6,007.44 Million USD by 2032, with a CAGR of 3.11% (2025-2032). Notably, the China High Speed Steel (HSS) Metal Cutting Tools market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
High-Speed Steel (HSS) Metal Cutting Tools are cutting tools made from a type of tool steel known as high-speed steel. HSS is renowned for its exceptional hardness, wear resistance, and ability to retain cutting edge sharpness even at elevated temperatures. These metal cutting tools, including drills, end mills, taps, and saw blades, are widely used in machining and metalworking applications where high-speed and continuous cutting are required. The unique composition of HSS, which often includes elements like tungsten, molybdenum, chromium, and vanadium, enables these tools to withstand the heat generated during cutting processes. HSS metal cutting tools are crucial in industries such as manufacturing, automotive, and aerospace, where precision and efficiency in machining various metals and alloys are essential for producing high-quality components and parts.
The major global manufacturers of High Speed Steel (HSS) Metal Cutting Tools 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, Jore Corporation, Guhring, Somta Tools, BIG Kaiser, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of High Speed Steel (HSS) Metal Cutting Tools. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global High Speed Steel (HSS) Metal Cutting Tools market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the High Speed Steel (HSS) Metal Cutting Tools market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of High Speed Steel (HSS) Metal Cutting Tools industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of High Speed Steel (HSS) Metal Cutting Tools 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
Jore Corporation
Guhring
Somta Tools
BIG Kaiser
High Speed Steel (HSS) Metal Cutting Tools Product Segment Include:
HSS Milling Tools
HSS Drilling Tools
HSS Tapping Tools
HSS Reaming & Counterboring Tools
HSS Gear Cutting Tools
HSS Broaching Tools
Other
High Speed Steel (HSS) Metal Cutting Tools Product Application Include:
Automobile Industry
Oil & Gas Industry
Machinery Industry
Aircraft Industry
Other
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global High Speed Steel (HSS) Metal Cutting Tools Industry PESTEL Analysis
Chapter 3: Global High Speed Steel (HSS) Metal Cutting Tools Industry Porter's Five Forces Analysis
Chapter 4: Global High Speed Steel (HSS) Metal Cutting Tools Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global High Speed Steel (HSS) Metal Cutting Tools Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global High Speed Steel (HSS) Metal Cutting Tools Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, High Speed Steel (HSS) Metal Cutting Tools Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Table of Contents
165 Pages
- 1 High Speed Steel (HSS) Metal Cutting Tools Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 High Speed Steel (HSS) Metal Cutting Tools Product by Type
- 1.2.1 HSS Milling Tools
- 1.2.2 HSS Drilling Tools
- 1.2.3 HSS Tapping Tools
- 1.2.4 HSS Reaming & Counterboring Tools
- 1.2.5 HSS Gear Cutting Tools
- 1.2.6 HSS Broaching Tools
- 1.2.7 Other
- 1.3 High Speed Steel (HSS) Metal Cutting Tools Product by Application
- 1.3.1 Automobile Industry
- 1.3.2 Oil & Gas Industry
- 1.3.3 Machinery Industry
- 1.3.4 Aircraft Industry
- 1.3.5 Other
- 1.4 Global High Speed Steel (HSS) Metal Cutting Tools Market Revenue and Sales Analysis
- 1.4.1 Global High Speed Steel (HSS) Metal Cutting Tools Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global High Speed Steel (HSS) Metal Cutting Tools Sales Market Size Analysis (2020-2032)
- 1.4.3 Global High Speed Steel (HSS) Metal Cutting Tools Market Sales Price Trend Analysis (2020-2032)
- 1.5 High Speed Steel (HSS) Metal Cutting Tools Market Development Status and Trends
- 1.5.1 High Speed Steel (HSS) Metal Cutting Tools Industry Development Status Analysis
- 1.5.2 High Speed Steel (HSS) Metal Cutting Tools Industry Development Trends Analysis
- 2 High Speed Steel (HSS) Metal Cutting Tools Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 High Speed Steel (HSS) Metal Cutting Tools Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global High Speed Steel (HSS) Metal Cutting Tools Market Analysis by Country
- 4.1 Global High Speed Steel (HSS) Metal Cutting Tools Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global High Speed Steel (HSS) Metal Cutting Tools Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global High Speed Steel (HSS) Metal Cutting Tools Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global High Speed Steel (HSS) Metal Cutting Tools Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global High Speed Steel (HSS) Metal Cutting Tools Sales and Market Share by Country (2020-2025)
- 4.2.2 Global High Speed Steel (HSS) Metal Cutting Tools Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global High Speed Steel (HSS) Metal Cutting Tools Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global High Speed Steel (HSS) Metal Cutting Tools Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global High Speed Steel (HSS) Metal Cutting Tools Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global High Speed Steel (HSS) Metal Cutting Tools Average Sales Price by Manufacturers (2021-2025)
- 5.2 High Speed Steel (HSS) Metal Cutting Tools Competitive Landscape Analysis and Market Dynamic
- 5.2.1 High Speed Steel (HSS) Metal Cutting Tools Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 High Speed Steel (HSS) Metal Cutting Tools Market Analysis by Type
- 6.1 Global High Speed Steel (HSS) Metal Cutting Tools Market Revenue Analysis by Type
- 6.1.1 Global High Speed Steel (HSS) Metal Cutting Tools Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global High Speed Steel (HSS) Metal Cutting Tools Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global High Speed Steel (HSS) Metal Cutting Tools Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global High Speed Steel (HSS) Metal Cutting Tools Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 Sandvik AB
- 7.1.1 Sandvik AB Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 Sandvik AB High Speed Steel (HSS) Metal Cutting Tools Product Portfolio
- 7.1.3 Sandvik AB High Speed Steel (HSS) Metal Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 Nachi-Fujikoshi
- 7.2.1 Nachi-Fujikoshi Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Nachi-Fujikoshi High Speed Steel (HSS) Metal Cutting Tools Product Portfolio
- 7.2.3 Nachi-Fujikoshi High Speed Steel (HSS) Metal Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 OSG
- 7.3.1 OSG Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 OSG High Speed Steel (HSS) Metal Cutting Tools Product Portfolio
- 7.3.3 OSG High Speed Steel (HSS) Metal Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Kennametal
- 7.4.1 Kennametal Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Kennametal High Speed Steel (HSS) Metal Cutting Tools Product Portfolio
- 7.4.3 Kennametal High Speed Steel (HSS) Metal Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 YG-1 Tool
- 7.5.1 YG-1 Tool Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 YG-1 Tool High Speed Steel (HSS) Metal Cutting Tools Product Portfolio
- 7.5.3 YG-1 Tool High Speed Steel (HSS) Metal Cutting Tools Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Walter AG
- 7.6.1 Walter AG Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Walter AG High Speed Steel (HSS) Metal Cutting Tools Product Portfolio
- 7.6.3 Walter AG High Speed Steel (HSS) Metal Cutting Tools Market Data Ana
Pricing
Currency Rates
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