Global Tool Steel/Die Steel Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch＇s in-depth investigation and research, the global Tool Steel/Die Steel market size will reach 9,379.31 Million USD in 2025 and is projected to reach 10,685.47 Million USD by 2032, with a CAGR of 1.88% (2025-2032). Notably, the China Tool Steel/Die Steel 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

Tool steel, also commonly referred to as die steel, is a specialized category of steel meticulously crafted for the manufacturing of tools, dies, and molds in industrial settings. Renowned for its exceptional hardness, durability, and resistance to wear, tool steel plays a pivotal role in applications where cutting, shaping, or molding materials is integral. This steel variant is engineered to endure high temperatures, abrasion, and impact, ensuring prolonged effectiveness under challenging conditions. Typically alloyed with elements such as chromium, vanadium, tungsten, and molybdenum, tool steel exhibits enhanced properties tailored to meet the rigorous demands of various manufacturing processes. Its versatility and resilience make it an indispensable material for the production of precision tools, metalworking dies, and other crucial components in the manufacturing industry.

The major global  manufacturers of Tool Steel/Die Steel include Voestalpine, Tiangong International, Swiss Steel Group, Daido Steel, Sanyo Special Steel, SIJ Metal Ravne, Dongbei Special Steel, SeAH CSS, Proterial (Hitachi Metals), Nippon Koshuha Steel, Crucible Industries, Pangang, Baosteel, ArcelorMittal, Nachi-Fujikoshi, Qilu Special Steel, 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 Tool Steel/Die Steel. 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 Tool Steel/Die Steel 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 Tool Steel/Die Steel 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 Tool Steel/Die Steel 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 Tool Steel/Die Steel Include:

Voestalpine

Tiangong International

Swiss Steel Group

Daido Steel

Sanyo Special Steel

SIJ Metal Ravne

Dongbei Special Steel

SeAH CSS

Proterial (Hitachi Metals)

Nippon Koshuha Steel

Crucible Industries

Pangang

Baosteel

ArcelorMittal

Nachi-Fujikoshi

Qilu Special Steel

Tool Steel/Die Steel Product Segment Include:

Carbon Tool Steel

Alloy Tool Steel

High Speed Tool Steel

Tool Steel/Die Steel Product Application Include:

Automotive

Household Appliances

Telecommunications

Construction

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Tool Steel/Die Steel Capacity and Production Analysis

Chapter 3: Global Tool Steel/Die Steel Industry PESTEL Analysis

Chapter 4: Global Tool Steel/Die Steel Industry Porter's Five Forces Analysis

Chapter 5: Global Tool Steel/Die Steel Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 6: Global Tool Steel/Die Steel Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 7: Global Tool Steel/Die Steel Sales, Revenue, Price and Forecast by Product Type

Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 9: Industrial Chain Analysis, Tool Steel/Die Steel Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 10: Research Findings and Conclusion

Chapter 11: Methodology and Data Sources