Global Tool Steel Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2027

Tool steel refers to a variety of carbon and alloy steels that are particularly well-suited to be made into tools. Tool steels are notable for their hardness, resistance to abrasion and deformation. Today, tool steel is widely used in various specific tool applications like dies, cutting, mold-making and hammers (personal or industrial).
The major players in global Tool Steel market include Voestalpine, Schmolz + Bickenbach, Sandvik, etc. The top 3 players occupy about 60% shares of the global market. Europe and China are main markets, they occupy about 60% of the global market. High Speed Tool Steel is the main type, with a share about 70%. Automotive is the main application, which holds a share about 45%.

Market Analysis and Insights: Global Tool Steel Market
In 2020, the global Tool Steel market size was US$ 3264 million and it is expected to reach US$ 5226.2 million by the end of 2027, with a CAGR of 6.9% during 2021-2027.
Global Tool Steel Scope and Market Size
Tool Steel market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Tool Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.


Segment by Type, the Tool Steel market is segmented into
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel


Segment by Application, the Tool Steel market is segmented into
Automotive
Shipbuilding
Machinery
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape

and Tool Steel Market Share Analysis
Tool Steel market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Tool Steel product introduction, recent developments, Tool Steel sales by region, type, application and by sales channel.

The major companies include:
Voestalpine
SCHMOLZ + BICKENBACH
Sandvik
Fushun Special Steel
BAOWU
TG
Nachi-Fujikoshi
Qilu Special Steel
Hitachi
ERAMET
Universal Stainless
Hudson Tool Steel