Despite the growing competition from solid carbide, high speed steel continues to be popular with manufacturers due to its high wear resistance and excellent hardness and toughness properties. To support the growing worldwide demand for high speed steel, cutting tool manufacturers have committed extensive resources to this segment. This includes increased investment in not just new product development but also research and development activities, which has led to high speed steel tools becoming more reliable with a reduction in the number of defects, lower production costs and shorter lead-times.

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After reading the High Speed Steel market report, readers get insight into:

    Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
    New, promising avenues in key regions
    New revenue streams for all players in emerging markets
    Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
    Demand and uptake patterns in key industries of the High Speed Steel market
    New research and development projects in new technologies in key regional markets
    Changing revenue share and size of key product segments during the forecast period
    Technologies and business models with disruptive potential

The High Speed Steel market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:

    North America (U.S., Canada)
    Latin America (Mexico. Brazil)
    Europe (Germany, Italy, France, U.K., Spain)
    Asia Pacific (China, India, ASEAN, Australia & New Zealand)
    Japan
    Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

In 1868, high speed steel was known as Mushet Steel or R Mushets Special Steel. At the turn of the nineteen century, numerous experiments and tests were conducted on Munshet Steels to understand more about its characteristics. The testers discovered that an addition of 3.8% chromium to 8% tungsten steel allowed it to be quenched and tempered at a high temperature. The name given to this form of steel was high speed steel. High speed steel, commonly known as cutting tool materials, is a subclass of tool sets. High speed steels are alloys that get their properties from either molybdenum or tungsten or the combination of the two.

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High Speed Steel Market: Segmentation

On the basis of type, the High Speed Steel market can be segmented into:
Tungsten Steels
Molybdenum HSS (High Speed Steel)
Cobalt HSS (High Speed Steels)

On the basis of end use, the High Speed Steel market can be segmented into:
Aerospace
Energy
Automotive
Plastic
Others

On the basis of type of grades, the High Speed Steel market can be segmented into:
T1
M1
M2
M7
M35
M42
M50

On the basis of tool type, the High Speed Steel market can be segmented into:
Drill Bit
Broaches
Gear Cutter
Reamer
Saw & Knives
End Mill
Others

High Speed Steel Market: Market Participants

Examples of some of the market participants/vendors identified across the value chain of the High Speed Steel market across the globe are:
Bohler Uddeholm Corporation
Hitachi Metals Ltd.
Sandvik AB
Addison & Co. Ltd.
OSG Korea Corporation
Niagara Cutter Inc.
Tiangong International
Walter AG
Tivoly Inc.
Nippon Koshuha Steel Group
BIG Kaiser Precision Tooling

Some important questions that the High Speed Steel market report tries to answer exhaustively are:

    Key strategic moves by various players in the High Speed Steel market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
    Which strategies will enable top players in the High Speed Steel market to expand their geographic footprints?
    Which new business models are expected to change the course of growth of key regional markets in near future?
    Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
    Which products segments have in recent years have seen new, lucrative application areas?

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