Global Tool Steel Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global Tool Steel market size will reach 9,429.89 Million USD in 2025 and is projected to reach 10,691.53 Million USD by 2032, with a CAGR of 1.81% (2025-2032). Notably, the China Tool 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 is a type of high-carbon and alloy steel specifically designed for the production of tools, dies, and cutting implements. Known for its hardness, wear resistance, and ability to withstand high temperatures, tool steel is a crucial material in the manufacturing of tools used in shaping, cutting, and forming materials. The composition of tool steel often includes elements such as chromium, vanadium, tungsten, and molybdenum to enhance its properties. There are various grades and types of tool steel, each tailored to specific applications and working conditions. Common tool steel types include water-hardening, air-hardening, oil-hardening, and high-speed steels. The selection of the appropriate tool steel depends on factors such as the intended use, the type of tool or die being produced, and the required properties for optimal performance in industrial applications.
The major global manufacturers of Tool 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. 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 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 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 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 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 Product Segment Include:
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Tool 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 Capacity and Production Analysis
Chapter 3: Global Tool Steel Industry PESTEL Analysis
Chapter 4: Global Tool Steel Industry Porter's Five Forces Analysis
Chapter 5: Global Tool Steel Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 6: Global Tool Steel Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 7: Global Tool 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 Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 10: Research Findings and Conclusion
Chapter 11: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global Tool Steel market size will reach 9,429.89 Million USD in 2025 and is projected to reach 10,691.53 Million USD by 2032, with a CAGR of 1.81% (2025-2032). Notably, the China Tool 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 is a type of high-carbon and alloy steel specifically designed for the production of tools, dies, and cutting implements. Known for its hardness, wear resistance, and ability to withstand high temperatures, tool steel is a crucial material in the manufacturing of tools used in shaping, cutting, and forming materials. The composition of tool steel often includes elements such as chromium, vanadium, tungsten, and molybdenum to enhance its properties. There are various grades and types of tool steel, each tailored to specific applications and working conditions. Common tool steel types include water-hardening, air-hardening, oil-hardening, and high-speed steels. The selection of the appropriate tool steel depends on factors such as the intended use, the type of tool or die being produced, and the required properties for optimal performance in industrial applications.
The major global manufacturers of Tool 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. 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 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 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 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 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 Product Segment Include:
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Tool 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 Capacity and Production Analysis
Chapter 3: Global Tool Steel Industry PESTEL Analysis
Chapter 4: Global Tool Steel Industry Porter's Five Forces Analysis
Chapter 5: Global Tool Steel Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 6: Global Tool Steel Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 7: Global Tool 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 Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 10: Research Findings and Conclusion
Chapter 11: Methodology and Data Sources
Table of Contents
165 Pages
- 1 Tool Steel Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Tool Steel Product by Type
- 1.2.1 Carbon Tool Steel
- 1.2.2 Alloy Tool Steel
- 1.2.3 High Speed Tool Steel
- 1.3 Tool Steel Product by Application
- 1.3.1 Automotive
- 1.3.2 Household Appliances
- 1.3.3 Telecommunications
- 1.3.4 Construction
- 1.3.5 Others
- 1.4 Global Tool Steel Market Revenue and Sales Analysis
- 1.4.1 Global Tool Steel Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Tool Steel Sales Market Sales Analysis (2020-2032)
- 1.4.3 Global Tool Steel Market Sales Price Trend Analysis (2020-2032)
- 1.5 Tool Steel Market Development Status and Trends
- 1.5.1 Tool Steel Industry Development Status Analysis
- 1.5.2 Tool Steel Industry Development Trends Analysis
- 2 Global Tool Steel Capacity and Production Analysis
- 2.1 Global Tool Steel Capacity, Production and Utilization (2020-2032)
- 2.2 Global Tool Steel Production Growth Trend by Region: 2024 VS 2025 VS 2032
- 2.3 Global Tool Steel Production by Region
- 2.3.1 Global Tool Steel Production by Region (2020-2025)
- 2.3.2 Global Tool Steel Production Forecast by Region (2026-2032)
- 2.3.3 Global Tool Steel Production Market Share by Region (2020-2032)
- 3 Tool Steel Market PESTEL Analysis
- 3.1 Political Factors Analysis
- 3.2 Economic Factors Analysis
- 3.3 Social Factors Analysis
- 3.4 Technological Factors Analysis
- 3.5 Environmental Factors Analysis
- 3.6 Legal Factors Analysis
- 4 Tool Steel Market Porter's Five Forces Analysis
- 4.1 Competitive Rivalry
- 4.2 Threat of New Entrants
- 4.3 Bargaining Power of Suppliers
- 4.4 Bargaining Power of Buyers
- 4.5 Threat of Substitutes
- 5 Global Tool Steel Market Analysis by Country
- 5.1 Global Tool Steel Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 5.1.1 Global Tool Steel Revenue and Market Share by Country (2020-2025)
- 5.1.2 Global Tool Steel Revenue and Market Share Forecast by Country (2026-2032)
- 5.2 Global Tool Steel Sales Analysis by Country: 2024 VS 2025 VS 2032
- 5.2.1 Global Tool Steel Sales and Market Share by Country (2020-2025)
- 5.2.2 Global Tool Steel Sales and Market Share Forecast by Country (2026-2032)
- 5.3 United States Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.4 Germany Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.5 Japan Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.6 China Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.7 France Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.8 U.K. Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.9 South Korea Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.10 Canada Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.11 Italy Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.12 Russia Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.13 Mexico Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.14 Brazil Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.15 India Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.16 Vietnam Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.17 Thailand Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 5.18 South Africa Tool Steel Market Sales, Revenue and Growth Rate (2020-2032)
- 6 Competition by Manufacturers
- 6.1 Global Tool Steel Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 6.1.1 Global Tool Steel Market Sales by Key Manufacturers (2021-2025)
- 6.1.2 Global Tool Steel Market Revenue by Key Manufacturers (2021-2025)
- 6.1.3 Global Tool Steel Average Sales Price by Manufacturers (2021-2025)
- 6.2 Tool Steel Competitive Landscape Analysis and Market Dynamic
- 6.2.1 Tool Steel Competitive Landscape Analysis
- 6.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 6.2.3 Market Dynamic
- 7 Tool Steel Market Analysis by Type
- 7.1 Global Tool Steel Market Revenue Analysis by Type
- 7.1.1 Global Tool Steel Market Size Analysis by Type: 2024 & 2025 & 2032
- 7.1.2 Global Tool Steel Revenue and Forecast Analysis by Type (2020-2032)
- 7.2 Global Tool Steel Market Sales and Forecast Analysis by Type (2020-2032)
- 7.3 Global Tool Steel Sales Price Trend Analysis by Type (2020-2032)
- 8 Key Companies Analysis
- 8.1 Voestalpine
- 8.1.1 Voestalpine Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.1.2 Voestalpine Tool Steel Product Portfolio
- 8.1.3 Voestalpine Tool Steel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.2 Tiangong International
- 8.2.1 Tiangong International Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.2.2 Tiangong International Tool Steel Product Portfolio
- 8.2.3 Tiangong International Tool Steel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.3 Swiss Steel Group
- 8.3.1 Swiss Steel Group Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.3.2 Swiss Steel Group Tool Steel Product Portfolio
- 8.3.3 Swiss Steel Group Tool Steel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.4 Daido Steel
- 8.4.1 Daido Steel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.4.2 Daido Steel Tool Steel Product Portfolio
- 8.4.3 Daido Steel Tool Steel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.5 Sanyo Special Steel
- 8.5.1 Sanyo Special Steel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.5.2 Sanyo Special Steel Tool Steel Product Portfolio
- 8.5.3 Sanyo Special Steel Tool Steel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.6 SIJ Metal Ravne
- 8.6.1 SIJ Metal Ravne Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.6.2 SIJ Metal Ravne Tool Steel Product Portfolio
- 8.6.3 SIJ Metal Ravne Tool Steel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.7 Dongbei Special Steel
- 8.7.1 Dongbei Special Steel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.7.2 Dongbei Special Steel Tool Steel Product Portfolio
- 8.7.3 Dongbei Special Steel Tool Steel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.8 SeAH CSS
- 8.8.1 SeAH CSS Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.8.2 SeAH CSS Tool Steel Product Portfolio
- 8.8.3 SeAH CSS Tool Steel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.9 Proterial (Hitachi Metals)
- 8.9.1 Proterial (Hitachi Metals) Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.9.2 Proterial (Hitachi Metals) Tool Steel Product Portfolio
- 8.9.3 Proterial (Hitachi Metals) Tool Steel Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 8.10 Nippon Koshuha Steel
- 8.10.1 Nippon Koshuha Steel Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 8.10.2 Nippon Koshuha Steel Tool Steel Product Portfolio
- 8.10.3 Nippon Koshuha
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