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市场调查报告书
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1558200

高速钢市场报告:2030 年趋势、预测与竞争分析

High Speed Steel Market Report: Trends, Forecast and Competitive Analysis to 2030

出版日期: | 出版商: Lucintel | 英文 150 Pages | 商品交期: 3个工作天内

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简介目录

高速钢趋势及预测

预计到 2030 年,全球高速钢市场将达到 31 亿美元,2024 年至 2030 年复合年增长率为 6.3%。该市场的主要驱动因素是製造业和建设业对高速钢的需求不断增加以及全球基础设施开发计划数量的增加。全球高速钢市场的未来前景广阔,汽车、製造、航太、机械工程和建筑市场充满机会。

根据Lucintel的预测,由于钼具有优异的耐磨性、高温强度和硬度,预计在预测期内将出现最高成长。

在这个市场中,由于製造汽车零件对高速钢的需求不断增加,汽车预计将出现最高的成长。

由于经济显着增长、政府对高速钢的投资增加以及该地区主要企业的存在,预计北美地区在预测期内将出现最高的增长。

高速钢市场新趋势

高速钢产业目前正在经历许多变革趋势,这些趋势正在显着改变其格局。这些运动是由技术进步和不断变化的消费者偏好推动的,旨在提高性能、永续性和成本效益。

  • 先进合金成分:高速钢生产中使用的合金元素的创新导致钨、钼和钴的使用增加。这样可以实现更高的硬度、更高的耐磨性和更高的热稳定性,使设计的刀具寿命更长,高速加工效率更高。
  • 粉末冶金:粉末冶金製程的日益普及使得高密度、超细晶高速钢的生产成为可能。优异的机械性质(例如均匀性)能够生产出使用寿命长的高品质切削刀具。
  • 环保生产:世界各地的高速钢製造公司都专注于永续发展。在不断扩大 HSSE 废料回收范围的同时,我们也在尝试排放等节能活动,以减少与这些产品生产相关的生态足迹,并确保它们符合全球永续性原则。
  • 先进涂层技术:高速钢刀具的性能透过物理气相淀积(PVD) 和化学沉淀(CVD) 等先进涂层技术而增强。这些涂层提高了耐热性、耐磨性和耐腐蚀,延长了刀具寿命并提高了切割效率。
  • 数位整合:包括人工智慧 (AI) 和机器学习在内的数位整合正在彻底改变高速钢的设计和製造。这些技术支援的製造过程的精确控制可优化性能,确保品质稳定并提高性能,从而节省成本。

这些是高速钢产业发生的重大变化,因为我们努力提高性能、减少环境影响和提高效率。对先进技术和生态经济方法的关注可以确定高速钢使用的新水平。

高速钢市场近期发展

近年来,由于材料科学、特定要求以及生产中使用的各种製造工艺的创新,高速钢取得了长足的进步。这些发展包括复合材料的改进、生产技术的进步以及永续性的绿色趋势,所有这些都在提高高速钢在各种工业应用中的能力、性能和环境友好性,这显然是为了加强。足迹。

  • 增强的合金成分:透过采用更复杂的合金成分(包括更高的钨和钼含量),新型高速钢钢种的硬度和耐磨性得到提高。这些材料提高了切削效率,同时延长了刀具寿命,并在较高温度下允许更高的刀具速度。
  • 粉末冶金的创新:粉末冶金方法取得了进展,可生产机械性能改善的高密度高速钢。该製程提供了优异的性能和均匀的微观结构,提高了设备在高负载下的可靠性和效率。
  • 环保的生产方法:对永续高速钢製造方法的渴望越来越受欢迎。这包括节能製造技术、减少排放、增加高速钢废料的回收。目的是尽量减少高速钢生产对环境的影响。
  • 先进涂层技术:PVD 和 CVD 是提高高速钢 (HSS) 性能的一些先进涂层方法。此类涂层具有优异的耐热性、耐磨性和耐腐蚀性,可延长刀具寿命并提高切削性能。
  • 数位製造技术:人工智慧(AI)和机器学习等数位技术的整合可实现高速钢(HSS)设计和製程优化。这些技术不仅可以精确控製材料特性,还可以精确控制製造工艺,从而生产出品质卓越、具成本效益的高速钢产品。

随着这些发展,高速钢已变得更加高效、耐用和永续性,满足各行业日益增长的需求。

高速钢市场的策略性成长机会

高速钢市场正在兴起,在关键应用领域带来了一些策略性成长机会。这包括随着许多工业领域对高性能工具的需求不断增长而发展的技术平台。

  • 航太工业:由于需要能够承受恶劣条件的高性能切削刀具,航太工业是高速钢预计成长的最重要领域。高速钢材和涂层的创新提高了航太製造设备的精度和韧性,从而导致该行业的需求增加。
  • 汽车製造:汽车製造商采用先进材料和製造方法的倡议将推动高速钢的使用机会。由于复杂零件的製造需要高品质的切削刀具,因此该行业是製造商透过提供此类设备来发展业务的主要驱动力之一。
  • 能源产业:能源产业的石油和天然气以及可再生能源开采需要强大的高速钢钻头和工具来加工硬质材料。高速钢 (HSS) 的现代化可以透过提高恶劣使用条件下的刀具寿命和性能来满足这些要求。
  • 医疗设备製造:由于需要用于製造复杂零件的精密切削刀具,蓬勃发展的医疗设备产业为高速钢带来了机会。此生产过程利用具有改进性能和涂层的高速钢,确保提高医疗设备的品质、可靠性和性能。
  • 积层製造工具:积层製造 (AM)(也称为 3D 列印)的快速采用正在推动对可处理多方面金属零件製造的 HSS 加工的需求。先进高速钢 (HSS) 牌号的新发展为技术的采用铺平了道路。

这些成长机会凸显了由于技术进步和对高性能工具的需求增加,高速钢在各行业的使用不断扩大。

高速钢市场推广因素及挑战

高速钢(HSS)产业受到各种驱动因素​​和挑战的影响,包括技术创新、经济因素和监管考量。了解这些因素对于驾驭市场和抓住机会至关重要。

推动高速钢市场的因素有:

1.技术进步:合金成分和製造过程的进步导致高速钢性能更高,包括刀俱生命週期效率的提高,从而导致各行业的需求增加。

2.工业应用的扩展:汽车工业、航太工业、能源工业等各行业对可靠工具的需求不断增加,推动了高速钢市场的成长速度。这些领域需要耐用且性能优异的工具,这就是高速钢新品种不断兴起的原因。

3. 注重永续性:永续製造方法包括永续能源使用和回收。因此,高速钢产品的效用对具有环保意识的客户越来越有吸引力,这与日益流行的环保生产方法一致。

4. 加大研发投入:高速钢技术的持续研发(R&D)投资将带来新的钢种与应用。这项投资将确保竞争地位,以满足不断变化的产业要求。

5.精密刀具的需求:工业製程和零件日益复杂,需要使用高精度刀具。因此,高速钢取得了重大进展,以满足模具和成型等精密製造领域快速成长的需求。

高速钢市场面临的挑战是:

1.生产成本高:由于原料成本及需要先进的製造技术,生产高品质高速钢的成本很高。这些成本会影响定价和市场竞争力。

2. 供应链中断:全球供应链问题,包括原料短缺和运输延误,可能会影响 HSS 的可用性和成本。这些中断可能导致生产延误和成本增加。

3. 环境法规:具有严格规定的环境法对于这些材料的生产者来说可能非常具有挑战性。事实上,遵守这些法律需要向清洁技术注入资金,从而导致更高的营运成本,特别是因为一些设施受到更严格的排放法规的约束。

总体而言,作用于高强度钢板产业的驱动力及其挑战继续塑造着当今的高强度钢板产业。技术突破和市场需求需要创新和进步。

高速钢按细分领域

本研究按类型、生产方法、牌号、最终用途和地区对全球高速钢进行了预测。

国家高速钢市场展望

高速钢(HSS)用于製造,因为它即使在极高的温度下也能保持其硬度。性能和灵活性领域的先进功能正在全球范围内开发。美国、中国、德国、印度和日本处于技术创新的前沿,他们为塑造高速钢的未来做出了独特的贡献。因此,这些开发旨在提高生产率需求、刀具寿命以及恶劣环境下的整体性能。以下是每个国家最新资讯的摘要。

  • 美国:美国在改善合金成分以提高高速钢的耐磨性和韧性方面取得了重大进展。为了获得更好的结果,研究人员和製造商正在集中精力在热处理过程中使用更先进的碳化物。此外,回收高速钢废料和减少製造过程中的能源消费量等环保製造技术也引起了人们的关注。
  • 中国:透过大力投资新技术和新工艺,中国在生产高品质高速钢方面取得了长足进步。重大进展包括利用现代粉末冶金技术改进高速钢以及富钒合金的可能应用。这些创新提高了切削效率并延长了刀具寿命。中国企业也正在研究涂层以提高高速钢的温度稳定性和耐磨性。
  • 德国:德国对高速钢的研究重点是改善钢的微观结构,以实现优异的机械性能。利用先进的模拟工具和高精度的製造方法,这样生产的HSSE提高了切削性能并延长了使用寿命。此外,德国领导者在该领域采用数位技术,不仅是为了优化生产流程,也是为了改善品管措施。
  • 印度:具有成本效益的 HSSE 製造和卓越的品质标准仍然是印度的主要关注点。最近的趋势包括引入强化加工油以减少对进口的依赖以及扩大当地产能。印度正在透过开发针对汽车和航太工业的独特等级材料来提高其竞争力。
  • 日本:日本在高速钢创新方面仍处于领先地位,其基础不仅是提高刚度,最重要的是提高稳定性。日本研究人员正在研究新的合金元素和热处理技术,以提高刀具寿命和性能。此外,还有一项运动将人工智慧 (AI) 和机器学习引入设计和製造过程,以优化高速钢的特性和性能。

常问问题

Q1.市场规模为:

A1. 到2030年,全球高速钢市场预计将达到31亿美元。

Q2.市场成长预测是多少:

A2. 预计2024年至2030年全球高速钢市场复合年增长率为6.3%。

Q3.影响市场成长的主要驱动因素是:

A3. 该市场的主要驱动因素是製造和建设业对高速钢的需求不断增加以及全球基础设施开发计划数量的增加。

Q4.市场的主要细分市场是:

A4. 高速钢市场在汽车、製造、航太、机械工程和建筑市场的前景看好。

Q5.市场的主要企业是:

A5. 主要高速钢企业如下:

  • ArcelorMittal
  • Amada
  • Sandvik
  • NIPPON KOSHUHA STEEL
  • RUKO
  • Kyocera
  • Walter
  • Kennametal
  • Proterial
  • OSG

Q6.未来最大的细分市场是什么?

A6.Lucintel预测,由于钼具有优异的耐磨性、高温强度和硬度,在预测期内将呈现最高成长。

Q7. 未来五年预计哪些地区的市场成长最大?

A7. 由于经济显着增长、政府对高速钢的投资增加以及主要企业的存在,预计北美地区将在预测期内实现最高增长。

Q8. 可以客製化报告吗?

A8. 是的,Lucintel 提供 10% 的客製化服务,无需额外付费。

目录

第一章执行摘要

第二章全球高速钢市场:市场动态

  • 简介、背景、分类
  • 供应链
  • 产业驱动因素与挑战

第三章 2018-2030年市场趋势及预测分析

  • 宏观经济趋势(2018-2023)与预测(2024-2030)
  • 全球高速钢市场趋势(2018-2023)与预测(2024-2030)
  • 全球高速钢市场按类型
    • 钨高速钢
    • 钼高速钢
    • 钴高速钢
    • 其他的
  • 以生产方式分類的全球高速钢市场
    • 常规高速钢
    • 粉末冶金(PM)高速钢
    • 喷射成型(SF)高速钢
  • 全球高速钢市场依等级划分
    • M级
    • T级
    • 进阶
  • 以最终用途分類的全球高速钢市场
    • 製造业
    • 航太
    • 机械工业
    • 建造
    • 其他的

第四章 2018-2030年区域市场趋势及预测分析

  • 全球高速钢市场(按地区)
  • 北美高速钢市场
  • 欧洲高速钢市场
  • 亚太高速钢市场
  • 其他区域高速钢市场

第五章 竞争分析

  • 产品系列分析
  • 营运整合
  • 波特五力分析

第六章 成长机会与策略分析

  • 成长机会分析
    • 全球高速钢市场的成长机会(按类型)
    • 以生产方式分類的全球高速钢市场成长机会
    • 全球高速钢市场成长机会(依等级)
    • 全球高速钢市场成长机会(依最终用途)
    • 全球高速钢市场成长机会(按地区)
  • 全球高速钢市场新趋势
  • 战略分析
    • 新产品开发
    • 全球高速钢市场扩大产能
    • 全球高速钢市场的合併、收购与合资
    • 认证和许可

第七章主要企业概况

  • ArcelorMittal
  • Amada
  • Sandvik
  • NIPPON KOSHUHA STEEL
  • RUKO
  • Kyocera
  • Walter
  • Kennametal
  • Proterial
  • OSG
简介目录

High Speed Steel Trends and Forecast

The future of the global high speed steel market looks promising with opportunities in the automotive, manufacturing, aerospace, mechanical engineering, and construction markets. The global high speed steel market is expected to reach an estimated $3.1 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are increasing demand for this steel in manufacturing and construction industries and rise in infrastructure development projects worldwide.

Lucintel forecasts that molybdenum is expected to witness the highest growth over the forecast period due to its excellent wear resistance, high-temperature strength and hardness.

Within this market, automotive is expected to witness the highest growth due to rising demand for high speed steel from this industry for production of automotive components.

North America is expected to witness highest growth over the forecast period due to substantial economic growth, increased government investments in high-speed steel, and presence of key players in the region.

Emerging Trends in the High Speed Steel Market

The high-speed steel industry is currently going through a number of transformative trends that have significantly altered its landscape. These movements are fueled by technological advancements and changing consumer tastes, all aimed at improving performance, sustainability, and cost-effectiveness.

  • Advanced Alloy Compositions: The use of tungsten, molybdenum and cobalt has been increased in innovations involving alloying elements used to produce HSS. This allows for higher level of hardness, wear resistance increases as well as more thermal stability so that tools designed will live longer becoming more efficient at their high-speed operations.
  • Powder Metallurgy: The adoption rate of powder metallurgical processes has been increasing making it possible to produce ultra-fine-grained HSS with high density. It offers exceptional mechanical properties such as uniformity thus leading to improved quality cutting tools with better service life-span.
  • Eco-friendly Production: Attention has shifted towards sustainable development within the firms producing HSS around the world. Attempts made entail energy saving activities such as emissions reduction while recycling HSSE scrap metal gets expanded from time to time which reduces ecological footprint associated with manufacturing these products aligning well with global principles of sustainability.
  • Advanced Coating Technologies: The performance of HSS tools is being enhanced by means of advanced coating technologies such as physical vapor deposition (PVD) and chemical vapor deposition (CVD). These coatings offer improved heat, wear and corrosion resistance thus prolonging the life span of tools and enhancing the cutting efficiency.
  • Digital Integration: HSS design and manufacturing is being revolutionized through digital integration which includes artificial intelligence (AI) and machine learning among others. The precision control over production processes supported by these technologies optimize properties ensuring consistent quality that enhances performance leading to reduced costs.

These are some significant changes that are taking place in the HSS industry aimed at enhancing performance, reducing environmental impact and increasing efficiency. Advanced technology focus together with ecological economic approach can determine new levels for high speed steel use.

Recent Developments in the High Speed Steel Market

High-speed steels have undergone significant advancements lately due to innovations in material sciences, specific requirements as well as various manufacturing processes used in their fabrication. These developments involve composite modifications, progress in production techniques, eco-friendly trends towards sustainability; all explicitly intended to enhance the capability, competency and green footprint of HSS for diverse industrial uses.

  • Enhanced Alloy Compositions: The hardness and wear resistance of new HSS grades has been improved through employment of more complex alloys composition including higher contents of tungsten or molybdenum. These materials allow for higher tool speeds at increased temperatures making it last long while improving cutting efficiency.
  • Powder Metallurgy Innovations: There have been advances made in powder metallurgical methods to create high-density high-speed steel having improved mechanical properties. This procedure results into uniform microstructure alongside superior performance that makes a device more reliable and efficient under heavy duty loads.
  • Eco-Friendly Production Methods: An aspiration towards sustainable ways of producing high speed steel is increasingly becoming more popular. This encompasses energy efficient manufacturing techniques, lesser emissions as well as greater recycling of HSS scrap. The aim is to minimize the environmental impact caused by HSS manufacturing.
  • Advanced Coating Technologies: PVD and CVD are few of the advanced coating methods that can be employed on high speed steel (HSS) that enhance their performance characteristics. Hence, such coatings have been developed in a way that they exhibit better resistance against heat, wear and corrosion that result in prolonged tool life and improved cutting ability.
  • Digital Manufacturing Techniques: The integration of digital technologies like Artificial Intelligence (AI) and Machine Learning allow for optimizing designs and processes of High Speed Steel (HSS). They ensure precise control over material properties as well as production processes resulting into superior quality cost effective products made from HSS.

These developments are driving HSS evolution towards increased efficiency, durability, and sustainability thereby meeting various industries' rising demands for it.

Strategic Growth Opportunities for High Speed Steel Market

The high-speed steel market is developing with some strategic growth opportunities emerging across key applications. These include evolving technology platforms alongside increasing demand of high-performance tools in many industrial segments.

  • Aerospace Industry: The aerospace industry represents the most important segment where growth prospects for HSS are huge due to requirements for high performance cutting tools capable of withstanding extreme conditions. Innovations in HSS grades along with coatings improve precision and toughness of aerospace manufacturing equipment which leads to its demand increase in this industry sector.
  • Automotive Manufacturing: The automotive companies' move towards adoption of advanced materials and manufacturing approaches promotes opportunities for usage of HSS. Manufacture using complex components necessitates high-quality cutting tools; therefore, this field is one of the main drivers where manufacturers can grow their businesses on the basis of supplying such devices.
  • Energy Sector: The extraction of oil and gas or renewable energy in the energy industry requires strong HSS-drills and tools to machine hard materials. Modernizations in High-Speed Steels (HSS) can meet these requirements by improving tool life and performance under severe operating conditions.
  • Medical Device Production: The high-growth medical device segment is an opportunity for HSS due to the need for precision cutting tools used in producing complex components. This production process that utilizes HSS with improved properties and coatings ensures that medical devices are enhanced for better quality, reliability and performance.
  • Tooling for Additive Manufacturing: Rapidly growing additive manufacturing (AM), also known as 3D printing, raises a demand for HSS machining that can handle multifaceted metal component construction. New development of advanced High Speed Steels (HSS) grades has opened avenues for adoption of this technology.

These growth opportunities highlight the expanding applications of HSS across various industries, driven by advancements in technology and increasing demand for high-performance tools.

High Speed Steel Market Driver and Challenges

The high-speed steel (HSS) industry is influenced by various drivers and challenges, which include technological innovations, economic factors, and regulatory considerations. Understanding these factors is crucial for navigating the market and capitalizing on opportunities.

The factors responsible for driving the high speed steel market include:

1. Technological Advancements: Advances in alloy composition and manufacturing processes are driving improvements in higher performance forms of HSS including improvements in tool life cycle efficiency, hence rising demand from multiple industries.

2. Growing Industrial Applications: Demand for reliable tools has been increasing across several industries including automotive sector, aerospace industry as well as energy industry; thus driving the HSS market growth rate. These sectors require durable and superior performing instruments; therefore creating an upswing in new varieties of high speed steels.

3. Focus on Sustainability: Sustainable manufacturing practices encompass sustainable energy use as well as recycling are among others. Therefore, the utility of HSS products is becoming more attractive to environmentally conscious customers in line with eco-friendly production methods that are increasingly gaining popularity.

4. Rising Investment in R&D: Continuous research and development (R&D) investments into HSS technology lead to new grades and applications. This investment ensures good competitive positioning to satisfy changing industrial requirements.

5. Demand for Precision Tools: The increasing complexity of industrial processes and components necessitates the use of high-precision tools. Consequently, high speed steels have been undergoing significant advancements so as to cater for such an upsurge in demand from precision manufacturing sectors like tooling and molding among others.

Challenges in the high speed steel market are:

1. High Production Costs: Producing high-quality HSS is a costly affair due raw material costs well as advanced manufacturing techniques used. These costs may affect both pricing decisions and competitiveness in the market.

2. Supply Chain Disruptions: Global supply chain issues, including raw material shortages and transportation delays, can affect the availability and cost of HSS. These disruptions can lead to production delays and increased costs.

3. Environmental Regulations: Environmental laws with stringent rules can be very challenging for producers of these materials. Indeed, adherence to these laws requires capital injection towards cleaner technologies leading to higher operating costs especially because of tougher discharge limits imposed by some facilities.

Overall, the drivers acting on the HSS industry along with its challenges continue shaping it at present time. Technological breakthroughs and market requirements are calling for innovation and progress.

List of High Speed Steel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high speed steel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high speed steel companies profiled in this report include-

  • ArcelorMittal
  • Amada
  • Sandvik
  • NIPPON KOSHUHA STEEL
  • RUKO
  • Kyocera
  • Walter
  • Kennametal
  • Proterial
  • OSG

High Speed Steel by Segment

The study includes a forecast for the global high speed steel by type, production method, grade, end use, and region.

High Speed Steel Market by Type [Analysis by Value from 2018 to 2030]:

  • Tungsten High Speed Steel
  • Molybdenum High Speed Steel
  • Cobalt High Speed Steel
  • Others

High Speed Steel Market by Production Method [Analysis by Value from 2018 to 2030]:

  • Conventional High Speed Steel
  • Powder Metallurgy (PM) High Speed Steel
  • Spray Forming (SF) High Speed Steel

High Speed Steel Market by Grade [Analysis by Value from 2018 to 2030]:

  • M Grade
  • T Grade
  • Advance Grade

High Speed Steel Market by End Use [Analysis by Value from 2018 to 2030]:

  • Automotive
  • Manufacturing
  • Aerospace
  • Mechanical Engineering
  • Construction
  • Others

High Speed Steel Market by Region [Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Country Wise Outlook for the High Speed Steel Market

Manufacturing uses high speed steel (HSS) because it does not lose hardness even at very high temperatures. Advanced features in the area of performance and flexibility have been developed globally. The United States, China, Germany, India and Japan are at the forefront of innovation with their unique contributions that shape the future of HSS. As a result, these developments aim to improve productivity needs, tools' lifespan as well as an overall performance under extreme environments. Below is a summary of the latest information coming from each country.

  • United States: The US has made great strides in improving alloy compositions for better HSS wear resistance and toughness. In order to achieve better results, researchers and manufacturers are concentrating on making advanced carbides more used in heat treatment processes. Furthermore, there has been increased focus on environmentally-friendly production techniques such as recycling HSS scrap and reducing energy consumed during manufacture.
  • China: By investing significantly in new technologies and processes, China is moving ahead in high-quality HSS production. Essential progressions include improving the HSS by means of modern powder metallurgical techniques and application of vanadium-rich alloys to it is widerest extent possible. Such innovations will increase cutting efficiency while prolonging tool life-span. Chinese companies also extend research on coatings for HSS enhancing its temperature stability and abrasive wear resistance.
  • Germany: German work on HSS hones in on microstructural refinements for superior mechanical properties of steels. Utilization of sophisticated simulation tools and highly accurate manufacturing methods lead to improved cutting performance and longer life service for HSSEs produced this way. Additionally, prominent German players employ digital technologies to improve quality control measures as well as optimize their production process within this sector.
  • India: Cost-effective HSSE manufacturing coupled with good quality standards remains India's major concern over here. Recent development activities embraced introduction of enhanced machining oil which cut down import dependency as well as scaling up local manufacturing capacities; the nation thus boosted its competitiveness through creating unique grades of these materials targeting automotive and aerospace industries.
  • Japan: Japan still keeps the flag flying in respect to HSS innovation grounded on enhancing stability above all other things as well as rigidity. Japanese researchers are working on new alloying elements and heat treatment techniques aiming at improvement of tool life and performance. Moreover, there is a drive for adopting artificial intelligence (AI) and machine learning in designing and manufacturing processes to optimize HSS properties as well as performance.

Features of the Global High Speed Steel Market

Market Size Estimates: High speed steel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: High speed steel market size by various segments, such as by type, production method, grade, end use, and region in terms of value ($B).

Regional Analysis: High speed steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, production methods, grades, end uses, and regions for the high speed steel market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high speed steel market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

FAQ

Q1. What is the high speed steel market size?

Answer: The global high speed steel market is expected to reach an estimated $3.1 billion by 2030.

Q2. What is the growth forecast for high speed steel market?

Answer: The global high speed steel market is expected to grow with a CAGR of 6.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the high speed steel market?

Answer: The major drivers for this market are increasing demand for this steel in manufacturing and construction industries and rise in infrastructure development projects worldwide.

Q4. What are the major segments for high speed steel market?

Answer: The future of the high speed steel market looks promising with opportunities in the automotive, manufacturing, aerospace, mechanical engineering, and construction markets.

Q5. Who are the key high speed steel market companies?

Answer: Some of the key high speed steel companies are as follows:

  • ArcelorMittal
  • Amada
  • Sandvik
  • NIPPON KOSHUHA STEEL
  • RUKO
  • Kyocera
  • Walter
  • Kennametal
  • Proterial
  • OSG

Q6. Which high speed steel market segment will be the largest in future?

Answer: Lucintel forecasts that molybdenum is expected to witness the highest growth over the forecast period due to its excellent wear resistance, high-temperature strength and hardness.

Q7. In high speed steel market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to substantial economic growth, increased government investments in high-speed steel, and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the high speed steel market by type (tungsten high speed steel, molybdenum high speed steel, cobalt high speed steel, and others), production method (conventional high speed steel, powder metallurgy (PM) high speed steel, and spray forming (SF) high speed steel), grade (M grade, T grade, and advance grade), end use (automotive, manufacturing, aerospace, mechanical engineering, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
  • Market Report

Table of Contents

1. Executive Summary

2. Global High Speed Steel Market : Market Dynamics

  • 2.1: Introduction, Background, and Classifications
  • 2.2: Supply Chain
  • 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

  • 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
  • 3.2. Global High Speed Steel Market Trends (2018-2023) and Forecast (2024-2030)
  • 3.3: Global High Speed Steel Market by Type
    • 3.3.1: Tungsten High Speed Steel
    • 3.3.2: Molybdenum High Speed Steel
    • 3.3.3: Cobalt High Speed Steel
    • 3.3.4: Others
  • 3.4: Global High Speed Steel Market by Production Method
    • 3.4.1: Conventional High Speed Steel
    • 3.4.2: Powder Metallurgy (PM) High Speed Steel
    • 3.4.3: Spray Forming (SF) High Speed Steel
  • 3.5: Global High Speed Steel Market by Grade
    • 3.5.1: M Grade
    • 3.5.2: T Grade
    • 3.5.3: Advance Grade
  • 3.6: Global High Speed Steel Market by End Use
    • 3.6.1: Automotive
    • 3.6.2: Manufacturing
    • 3.6.3: Aerospace
    • 3.6.4: Mechanical Engineering
    • 3.6.5: Construction
    • 3.6.6: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

  • 4.1: Global High Speed Steel Market by Region
  • 4.2: North American High Speed Steel Market
    • 4.2.1: North American High Speed Steel Market by Type: Tungsten High Speed Steel, Molybdenum High Speed Steel, Cobalt High Speed Steel, and Others
    • 4.2.2: North American High Speed Steel Market by End Use: Automotive, Manufacturing, Aerospace, Mechanical Engineering, Construction, and Others
  • 4.3: European High Speed Steel Market
    • 4.3.1: European High Speed Steel Market by Type: Tungsten High Speed Steel, Molybdenum High Speed Steel, Cobalt High Speed Steel, and Others
    • 4.3.2: European High Speed Steel Market by End Use: Automotive, Manufacturing, Aerospace, Mechanical Engineering, Construction, and Others
  • 4.4: APAC High Speed Steel Market
    • 4.4.1: APAC High Speed Steel Market by Type: Tungsten High Speed Steel, Molybdenum High Speed Steel, Cobalt High Speed Steel, and Others
    • 4.4.2: APAC High Speed Steel Market by End Use: Automotive, Manufacturing, Aerospace, Mechanical Engineering, Construction, and Others
  • 4.5: ROW High Speed Steel Market
    • 4.5.1: ROW High Speed Steel Market by Type: Tungsten High Speed Steel, Molybdenum High Speed Steel, Cobalt High Speed Steel, and Others
    • 4.5.2: ROW High Speed Steel Market by End Use: Automotive, Manufacturing, Aerospace, Mechanical Engineering, Construction, and Others

5. Competitor Analysis

  • 5.1: Product Portfolio Analysis
  • 5.2: Operational Integration
  • 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

  • 6.1: Growth Opportunity Analysis
    • 6.1.1: Growth Opportunities for the Global High Speed Steel Market by Type
    • 6.1.2: Growth Opportunities for the Global High Speed Steel Market by Production Method
    • 6.1.3: Growth Opportunities for the Global High Speed Steel Market by Grade
    • 6.1.4: Growth Opportunities for the Global High Speed Steel Market by End Use
    • 6.1.5: Growth Opportunities for the Global High Speed Steel Market by Region
  • 6.2: Emerging Trends in the Global High Speed Steel Market
  • 6.3: Strategic Analysis
    • 6.3.1: New Product Development
    • 6.3.2: Capacity Expansion of the Global High Speed Steel Market
    • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global High Speed Steel Market
    • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

  • 7.1: ArcelorMittal
  • 7.2: Amada
  • 7.3: Sandvik
  • 7.4: NIPPON KOSHUHA STEEL
  • 7.5: RUKO
  • 7.6: Kyocera
  • 7.7: Walter
  • 7.8: Kennametal
  • 7.9: Proterial
  • 7.10: OSG