High Speed Steels Market

Global High Speed Steels Market Overview

The Global High Speed Steels Market Size is anticipated to exceed USD 5.27 Billion by 2033, growing at a CAGR of 5.51% from 2023 to 2033. The growing need for high-performance materials across a range of industries, most notably industrial, automotive, and aerospace, is the main factor propelling the global market for high-speed steels.  HSS is a popular option for demanding applications because of its special qualities, which include high hardness, wear resistance, and the capacity to keep cutting edges sharp at high temperatures. 

Major vendors in the Global High Speed Steels Market

Hudson Tool Steel Corporation, Sandvik Materials Technology AB, Erasteel, Nachi-Fujikoshi Corporation (Japan), Daido Steel Co., Ltd. (Japan), Friedr. Lohmann GmbH (Germany), Kennametal Inc., Voestalpine AG, ArcelorMittal S.A. (Luxembourg), and ThyssenKrupp AG (Germany), among others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the high speed steels market based on the below-mentioned segments:

Global High Speed Steels Market, By Product Type

• Metal Cutting Tools
• Cold Working Tools
• Others

Global High Speed Steels Market, By End-Use Industry

• Automotive Industry
• Plastic Industry
• Aerospace Industry
• Energy Sector
• Others

 Global High Speed Steels Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa