HSS Tools Industry: Rapid industrialization is Expected To Drive Growth Of High Speed Steel Tools Market

December 01 22:34 2021
HSS Tools Industry: Rapid industrialization is Expected To Drive Growth Of High Speed Steel Tools Market
2028 High Speed Steel Hss Tools Market
High Speed Steel (HSS) Tools Market Forecasts to 2028 – Global Analysis By Fabrication (Coated, Non-Coated), Tool Type (Round Bits, Rotary Burrs), End User (Furniture & Carpentry, Oil & Gas) and By Geography

The Global High Speed Steel (HSS) Tools Market is accounted for $5.19 billion in 2020 and is expected to reach $9.54 billion by 2028 growing at a CAGR of 7.9% during the forecast period. Efficiency and interoperability of HSS tools and increasing investments in mechanical equipment are the major factors propelling the market growth. However, HSS tools are less effective at creating good quality surface finishes is hampering the market growth. Some of the key players profiled in the High Speed Steel (HSS) Tools Market include CERATIZIT S.A., Gühring KG, Kennametal Inc., KYOCERA Corporation, Mitsubishi Materials Corporation, OSG Corporation, RUKO GmbH, Sandvik AB, Stanley Black & Decker, Inc, Sumitomo Electric Hartmetall GmbH, TDC Cutting Tools Inc., Tiangong International Co. Ltd., TTI Group, Walter AG, YG-1 Co., Ltd.

Fabrications Covered:• Coated• Non-Coated

Tool Types Covered:• Drill Taps    • Mills    • Countersinks  • Drills   • Cutters   • Reamers   • Drill Blanks and Sets  • Square Tool Bits  • Counterbores  • Round Bits  • Rotary Burrs  • Hole Saws  

Configurations Covered:• Machine Based• Hand Based

End User Covered:• Metal Fabrication• Automotive and Transportation• Heavy Machinery• Construction• Furniture & Carpentry• Oil & Gas• Do It Yourself (DIY)• Other Manufacturing

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