High Speed Steel (HSS) Market Snapshot (2023 to 2033)

The high speed steel (HSS) tools market registered a valuation of US$ 5.6 billion in 2022. The market’s worth is anticipated to increase at a compound annual growth rate (CAGR) of 6% between 2023 and 2033. According to Future Market Insights, the high speed steel (HSS) tools market is anticipated to reach US$ 10.6 billion by the end of the 2023 to 2033 period of assessment.

Attributes Details
High Speed Steel (HSS) Tools Market Value (2022) US$ 5.6 billion
High Speed Steel (HSS) Tools Market Value (2023) US$ 5.9 billion
High Speed Steel (HSS) Tools Market Expected Value (2033) US$ 10.6 billion
High Speed Steel (HSS) Tools Market Projected CAGR (2023 to 2033) 6%

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High Speed Steel (HSS) Tools Market Historic Sales Compared to 2023 to 2033 Forecast Outlook

Driven by increasing investments in mechanical equipment and rapid industrialization in developing nations, the high-speed steel (HSS) tools market rose at a 5.2% CAGR from 2018 to 2022.

The automotive and industrial sector has experienced rapid growth in recent years owing to which manufacturers are expanding their production capacities. The conventional methods for various industrial applications make this process very time consuming as well as risky for the workers. This has pushed investments in innovative solutions.

Key factors that drive the popularity of HSS tools amongst customers include durability and convenient usage, which makes them favorable for various end-use applications. High-speed steel tools find use owing to their wide range of dedicated applications in myriad end-use sectors.

Cutting and precision tools are driving the demand for HSS tools due to their enhanced implementation in various industries not only in developed but developing countries. Increasing investments in industrial machinery and machining equipment is a prime factor driving the growth of the market. As per FMI, the market will rise at a 6% CAGR between 2023 and 2033.

What is the Impact of Increasing Interest in Do-it-Yourself activities?

Upgrade in lifestyle in Developed Nations to Propel The Market growth

Changes in lifestyle, observed especially in developed countries in North America and Europe have led to the emergence of a new generation of DIY interior decorators. This trend is gradually penetrating developing regions.

The relatively faster rise in population, coupled with increasing disposable income, is fueling the DIY market. Evolving lifestyles in middle-income countries will emerge as a chief driver of HSS tool sales.

The use of DIY products lowers long-term costs, as outsourced to expensive labor. This has resulted in increased demand for DIY and household applications. Additionally, the advent of e-commerce has enabled easy access and better discounts for consumers. These factors are expected to bolster the demand for DIY applications.

The growing use of smartphones and the convenience of purchasing products from the comfort of their home is driving growth. The Internet has revolutionized the retail industry by expanding the reach of retailers. Therefore, consumers have inclined towards online purchases as compared to offline options.

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Country-wise Insights

Why is the United States dominating North America HSS Tools Market?

Developed Industrial Sector in United States to Accelerate the Market growth

North America is expected to hold a dominant share during the forecast period, according to Future Market Insights. According to the study, the United States is expected to account for nearly 87% of the North American market through 2033.

The United States developed industrial sector is one of the main factors supporting market growth. The manufacturing industry accounts for 10.8 percent of the United States economy calculated by Gross Domestic Product (GDP), according to CMS' Office of the Actuary estimates.

Furthermore, the United States remains one of the world's largest markets for industrial equipment, making it a lucrative market for HSS tools manufacturers. In addition, prominent end-use sectors such as automotive and transportation, oil and gas, and construction sectors in the United States are expected to drive growth in demand during the forecast period.

Why is the Demand for HSS Tools Increasing in Germany?

High Expenditure in Industrial Growth to Propel the Market

Demand in the German market is expected to rise at nearly 5% CAGR over the forecast period. Owing to investments in industrial expansions and technological developments, Germany has become one of the world’s leading machinery producing nations.

Consequently, it accounts for relatively higher expenditure among other countries in Europe. As per the report, Germany is recognized as a primary market, and it is expected to continue exhibiting high demand for HSS Tools through the forecast period.

Rising research activities, the presence of several major players, and the growing automotive industry in the country are providing attractive opportunities for high-speed steel (HSS) tools producers in the long term.

Why is Innovation Key to Succeeding in the China Market?

The emergence of Hi-tech Solution to Raise the Market Growth

China is one of the world’s top manufacturers and consumers of industrial machinery. It is expected to account for over 40% of HSS tools sales within China throughout the forecast period.

Manufacturers in the country have a competitive advantage as they have access to cutting-edge research to address previously unexplored challenges. Additionally, they are constantly investing in order to expand their operations, which is resulting in a promising and innovative market for cutting and precision tools.

China is also a leading producer of high-tech solutions and industrial expansion in the country is expected to gain from government initiatives and investments. This is boosting the demand for HSS tools in the forecast Period. Importantly, the shift of the manufacturing industry from Europe to China as a consequence of low cost and improved manufacturing capabilities will also generate a strong growth trajectory.

How are Government Initiatives Boosting HSS Tool Sales in India?

Expansion in the Indian Automobile Industry to propel the market

In 2022, India accounted for over 39% of sales in South Asia. Government initiatives like Make in India and Invest in India are anticipated to aid the expansion of India's industrial sector.

India is considered to be a leading countries for industrial manufacturing processes in the South Asia and Pacific region, which results in the increasing demand for high-speed steel (HSS) tools in the country.

Growth in the Indian automobile industry and the government’s lookout towards the same is also driving demand as the Government of India presented a vision to be the 2nd largest automobile manufacturer by 2030.

Category-wise Insights

Why is the Demand for Drills High in HSS Tools Market Expanding?

Production of Heavy Equipment and Construction to Drive Segment Growth

Based on product types, drills account for a leading category, accounting for 41% of the market in 2022, surpassing drill taps, mills, countersinks, cutters, reamers, square tool bits, and more.

The availability of drills for multiple applications such as furniture, metalworking, automotive parts manufacturing, heavy machinery manufacturing, and construction has created attractive market prospects.

Why are Machine Based Tools a Preferred Configuration?

Machine Based Tools Segment to Hold Highest Market Share

Machine based tools are primarily used with high-speed machinery such as lathe machines and CNC machines among others. The massive growth in industrialization, and the demand for automated and semi-automated solutions will drive demand.

Machine based HSS tools will account for over 95% of the market by the end of the forecast period in 2033. Higher demand for precision tools will also contribute to long-term developments in the industry.

Which Fabrication is More Preferred for HSS Tools?

Coated Segment to Account for Lion’s Share

The coated segment is estimated to hold the highest demand share of the HSS tools market. Coated products were estimated to account for more than 68% in 2022 due to their anti-corrosive properties.

Coated tools also provide higher resistance to wear and tear which enhances its durability. Rising coating technology and innovative coating materials are being launched which is expected to drive the sales higher for the coated HSS tools segment.

Why is the Automotive and Transportation Exhibiting High HSS Tools Demand?

The automotive and transportation segment is expected to contribute a maximum revenue share of more than 51% in the global high-speed steel (HSS) tools market, various countries are investing a huge amount of capital to develop and enlarge the automotive and transportation sector, with the influx of EVs and hybrids creating key opportunities.

Advancements in the production of automotive vehicles and their parts have created a huge scope for the application of HSS tools in the automotive industry. Also, various auto manufacturers are investing in fabrication and machining techniques which are fueling sales.

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Competitive Landscape

Companies operating in the high-speed steel (HSS) tools market are aiming at expanding their product range for precise applications for which they are investing a huge amount in research and development activities.

Manufacturers are targeting end users by providing customized products for specific applications which is enhancing their market share while bolstering consumer loyalty.

Companies are focusing on strategic collaborations and partnerships with other manufacturers to expand their product portfolio while addressing the demand to expand their customer base.

  • In June 2021, Desktop Metal unveiled 4140 low-alloy steels for applications in production system platforms with the company’s proprietary single pass jetting technology for mass production applications.
  • Tiangong International Company Limited announced the acquisition of Quintus Technologies, with the objective of expanding production capacity through expanding its production facility in the Jiangsu province.
  • In May 2021, Bosch Power Tools announced the launch of its cordless PROFACTOR 18V ½-In. Impact Wrench with Friction Ring (GDS18V-740) and PROFACTOR 18V ¾-In. Impact Wrench with Friction Ring and Thru-Hole (GDS18V-770) for automotive, structural steel, and carpentry applications.
  • Walter introduced new MD340 and MD344 Supreme solid carbide milling cutters in January 2023. The MD340 Supreme (diameter 2-25 mm or 1/16-34") was developed especially for steel roughing, full slotting, and evolving milling. The MD344 Supreme four-edge cutter was developed for 90° plunging or accelerating due to its special face geometry (dia. 6-20 mm).
  • ARCH Cutting Tools Corp. disclosed the acquisition of Custom Carbide Cutter, Inc. (CCCI), a Cincinnati-based firm that offers high-quality cutting instruments to producers and resellers, in January 2023. ARCH Cutting Equipment, which specializes in high-performance personalized tooling, will benefit from its latest acquisition.

Scope of Report

Attribute Details
Market Value in 2023 US$ 5.9 billion
Market Value in 2033 US$ 10.6 billion
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Quantitative Units US$ billion for Value
Key Regions Covered North America; Latin America; Europe; Asia Pacific; Middle East & Africa
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel
Key Segments Covered Tool Type, Fabrication, Configuration, End Use Industry, Region
Key Companies Profiled Sandvik AB; Mitsubishi Materials Corporation; OSG Corporation; Kennametal Inc.; YG-1 Co. Ltd.; TTI Group; Stanley Black & Decker Inc.; Tiangong International Co. Ltd.; Sumitomo Electric Hartmetall GmbH; TDC Cutting Tools Inc.; CERATIZIT S.A.; KYOCERA Corporation; Gühring KG; Walter AG; RUKO GmbH
Customization & Pricing Available upon Request

Key Segments Covered in the High Speed Steel (HSS) Tools Market Report

By Tool Type:

  • Drill Taps
    • Combo Taps
    • Spiral Flute Taps
    • Spiral Point Taps
    • Taper Pipe Taps
    • Fluteless Taps
    • Machine Taps
    • Hand Taps
    • Round Dies
  • Drills
    • Extra Length Drill
    • Double Ended Body Drill
    • Straight Flute Drill
    • Spiral Drill
    • Slow Helix
    • Taper Pin Drills
    • Straight Shank Drills
    • Taper Shank Drills
    • Parallel Shank Drills
    • Aircraft Extension Drills
  • Mills
    • End Mills
    • Hollow Mills
    • Threaded Mills
  • Countersinks
    • Single Flute Based
    • Three Flute Based
    • Deburring Countersinks
  • Cutters
    • Back Spot Face Cutters
    • Slot Cutters
    • Routing Cutters
    • Corner Rounding Cutter
    • Single Flute Deburring Cutter
  • Reamers
    • Drill Reamers
    • Socket Reamers
    • Ball Pin Reamers
    • Taper Shank Bridge Reamer
    • Angle Reamer
    • Drill Blanks and Sets
    • Square Tool Bits
    • Counterbores
    • Round Bits
    • Rotary Burrs
    • Hole Saws

By Fabrication:

  • Coated
  • Non-Coated

By Configuration:

  • Hand Based
  • Machine Based

By End Use Industry:

  • Metal Fabrication
  • Automotive and Transportation
    • Automotive
    • Railways
    • Aerospace
    • Marine
  • Heavy Machinery
  • Construction
  • Furniture & Carpentry
  • Oil & Gas
  • DIY
  • Other Manufacturing

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Frequently Asked Questions

How was the Historical Performance of the Market?

The market expanded at a CAGR of 5.2%.

What is the Present Market Valuation in 2023?

The market is valued at US$ 5.9 billion in 2023.

Which is the Top Trend in the Market?

The Internet has revolutionized the retail industry by expanding the reach of retailers.

Which Country is Dominating this Industry?

The United States is expected to account for nearly 87% through 2033.

What is the Predicted Valuation of the Market by 2033?

The market is likely to surpass US$ 10.6 billion by 2033.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyer’s
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tool Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Tool Type, 2018 to 2022
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Tool Type, 2023 to 2033
        5.3.1. Drill Taps
            5.3.1.1. Combo Taps
            5.3.1.2. Spiral Flute Taps
            5.3.1.3. Spiral Point Taps
            5.3.1.4. Taper Pipe Taps
            5.3.1.5. Fluteless Taps
            5.3.1.6. Machine Taps
            5.3.1.7. Hand Taps
            5.3.1.8. Round Dies
        5.3.2. Drills
            5.3.2.1. Extra Length Drill
            5.3.2.2. Double Ended Body Drill
            5.3.2.3. Straight Flute Drill
            5.3.2.4. Spiral Drill
            5.3.2.5. Slow Helix
            5.3.2.6. Taper Pin Drills
            5.3.2.7. Straight Shank Drills
            5.3.2.8. Taper Shank Drills
            5.3.2.9. Parallel Shank Drills
            5.3.2.10. Aircraft Extension Drills
        5.3.3. Mills
            5.3.3.1. End Mills
            5.3.3.2. Hollow Mills
            5.3.3.3. Threaded Mills
        5.3.4. Countersinks
            5.3.4.1. Single Flute Based
            5.3.4.2. Three Flute Based
            5.3.4.3. Deburring Countersinks
        5.3.5. Cutters
            5.3.5.1. Back Spot Face Cutters
            5.3.5.2. Slot Cutters
            5.3.5.3. Routing Cutters
            5.3.5.4. Corner Rounding Cutter
            5.3.5.5. Single Flute Deburring Cutter
        5.3.6. Reamers
            5.3.6.1. Drill Reamers
            5.3.6.2. Socket Reamers
            5.3.6.3. Ball Pin Reamers
            5.3.6.4. Taper Shank Bridge Reamer
            5.3.6.5. Angle Reamer
        5.3.7. Square Tool Bits
        5.3.8. Drill Blanks and Sets
        5.3.9. Counterbores
        5.3.10. Round Bits
        5.3.11. Rotary Burrs
        5.3.12. Hole Saws
    5.4. Y-o-Y Growth Trend Analysis By Tool Type, 2018 to 2022
    5.5. Absolute $ Opportunity Analysis By Tool Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Fabrication
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Fabrication, 2018 to 2022
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Fabrication, 2023 to 2033
        6.3.1. Coated
        6.3.2. Non-Coated
    6.4. Y-o-Y Growth Trend Analysis By Fabrication, 2018 to 2022
    6.5. Absolute $ Opportunity Analysis By Fabrication, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Configuration
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Configuration, 2018 to 2022
    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Configuration, 2023 to 2033
        7.3.1. Hand Based
        7.3.2. Machine Based
    7.4. Y-o-Y Growth Trend Analysis By Configuration, 2018 to 2022
    7.5. Absolute $ Opportunity Analysis By Configuration, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry
    8.1. Introduction / Key Findings
    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use Industry, 2018 to 2022
    8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use Industry, 2023 to 2033
        8.3.1. Metal Fabrication
        8.3.2. Automotive and Transportation
            8.3.2.1. Automotive
            8.3.2.2. Railways
            8.3.2.3. Aerospace
            8.3.2.4. Marine
        8.3.3. Heavy Machinery
        8.3.4. Construction
        8.3.5. Furniture & Carpentry
        8.3.6. Oil & Gas
        8.3.7. DIY
        8.3.8. Other Manufacturing
    8.4. Y-o-Y Growth Trend Analysis By End Use Industry, 2018 to 2022
    8.5. Absolute $ Opportunity Analysis By End Use Industry, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    9.1. Introduction
    9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
    9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
        9.3.1. North America
        9.3.2. Latin America
        9.3.3. Europe
        9.3.4. Asia Pacific
        9.3.5. MEA
    9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. U.S.
            10.2.1.2. Canada
        10.2.2. By Tool Type
        10.2.3. By Fabrication
        10.2.4. By Configuration
        10.2.5. By End Use Industry
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Tool Type
        10.3.3. By Fabrication
        10.3.4. By Configuration
        10.3.5. By End Use Industry
    10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Brazil
            11.2.1.2. Mexico
            11.2.1.3. Rest of Latin America
        11.2.2. By Tool Type
        11.2.3. By Fabrication
        11.2.4. By Configuration
        11.2.5. By End Use Industry
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Tool Type
        11.3.3. By Fabrication
        11.3.4. By Configuration
        11.3.5. By End Use Industry
    11.4. Key Takeaways
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. Germany
            12.2.1.2. U.K.
            12.2.1.3. France
            12.2.1.4. Spain
            12.2.1.5. Italy
            12.2.1.6. Rest of Europe
        12.2.2. By Tool Type
        12.2.3. By Fabrication
        12.2.4. By Configuration
        12.2.5. By End Use Industry
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Tool Type
        12.3.3. By Fabrication
        12.3.4. By Configuration
        12.3.5. By End Use Industry
    12.4. Key Takeaways
13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. China
            13.2.1.2. Japan
            13.2.1.3. South Korea
            13.2.1.4. Singapore
            13.2.1.5. Thailand
            13.2.1.6. Indonesia
            13.2.1.7. Australia
            13.2.1.8. New Zealand
            13.2.1.9. Rest of Asia Pacific
        13.2.2. By Tool Type
        13.2.3. By Fabrication
        13.2.4. By Configuration
        13.2.5. By End Use Industry
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Tool Type
        13.3.3. By Fabrication
        13.3.4. By Configuration
        13.3.5. By End Use Industry
    13.4. Key Takeaways
14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. GCC Countries
            14.2.1.2. South Africa
            14.2.1.3. Israel
            14.2.1.4. Rest of MEA
        14.2.2. By Tool Type
        14.2.3. By Fabrication
        14.2.4. By Configuration
        14.2.5. By End Use Industry
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Tool Type
        14.3.3. By Fabrication
        14.3.4. By Configuration
        14.3.5. By End Use Industry
    14.4. Key Takeaways
15. Key Countries Market Analysis
    15.1. U.S.
        15.1.1. Pricing Analysis
        15.1.2. Market Share Analysis, 2022
            15.1.2.1. By Tool Type
            15.1.2.2. By Fabrication
            15.1.2.3. By Configuration
            15.1.2.4. By End Use Industry
    15.2. Canada
        15.2.1. Pricing Analysis
        15.2.2. Market Share Analysis, 2022
            15.2.2.1. By Tool Type
            15.2.2.2. By Fabrication
            15.2.2.3. By Configuration
            15.2.2.4. By End Use Industry
    15.3. Brazil
        15.3.1. Pricing Analysis
        15.3.2. Market Share Analysis, 2022
            15.3.2.1. By Tool Type
            15.3.2.2. By Fabrication
            15.3.2.3. By Configuration
            15.3.2.4. By End Use Industry
    15.4. Mexico
        15.4.1. Pricing Analysis
        15.4.2. Market Share Analysis, 2022
            15.4.2.1. By Tool Type
            15.4.2.2. By Fabrication
            15.4.2.3. By Configuration
            15.4.2.4. By End Use Industry
    15.5. Germany
        15.5.1. Pricing Analysis
        15.5.2. Market Share Analysis, 2022
            15.5.2.1. By Tool Type
            15.5.2.2. By Fabrication
            15.5.2.3. By Configuration
            15.5.2.4. By End Use Industry
    15.6. U.K.
        15.6.1. Pricing Analysis
        15.6.2. Market Share Analysis, 2022
            15.6.2.1. By Tool Type
            15.6.2.2. By Fabrication
            15.6.2.3. By Configuration
            15.6.2.4. By End Use Industry
    15.7. France
        15.7.1. Pricing Analysis
        15.7.2. Market Share Analysis, 2022
            15.7.2.1. By Tool Type
            15.7.2.2. By Fabrication
            15.7.2.3. By Configuration
            15.7.2.4. By End Use Industry
    15.8. Spain
        15.8.1. Pricing Analysis
        15.8.2. Market Share Analysis, 2022
            15.8.2.1. By Tool Type
            15.8.2.2. By Fabrication
            15.8.2.3. By Configuration
            15.8.2.4. By End Use Industry
    15.9. Italy
        15.9.1. Pricing Analysis
        15.9.2. Market Share Analysis, 2022
            15.9.2.1. By Tool Type
            15.9.2.2. By Fabrication
            15.9.2.3. By Configuration
            15.9.2.4. By End Use Industry
    15.10. China
        15.10.1. Pricing Analysis
        15.10.2. Market Share Analysis, 2022
            15.10.2.1. By Tool Type
            15.10.2.2. By Fabrication
            15.10.2.3. By Configuration
            15.10.2.4. By End Use Industry
    15.11. Japan
        15.11.1. Pricing Analysis
        15.11.2. Market Share Analysis, 2022
            15.11.2.1. By Tool Type
            15.11.2.2. By Fabrication
            15.11.2.3. By Configuration
            15.11.2.4. By End Use Industry
    15.12. South Korea
        15.12.1. Pricing Analysis
        15.12.2. Market Share Analysis, 2022
            15.12.2.1. By Tool Type
            15.12.2.2. By Fabrication
            15.12.2.3. By Configuration
            15.12.2.4. By End Use Industry
    15.13. Singapore
        15.13.1. Pricing Analysis
        15.13.2. Market Share Analysis, 2022
            15.13.2.1. By Tool Type
            15.13.2.2. By Fabrication
            15.13.2.3. By Configuration
            15.13.2.4. By End Use Industry
    15.14. Thailand
        15.14.1. Pricing Analysis
        15.14.2. Market Share Analysis, 2022
            15.14.2.1. By Tool Type
            15.14.2.2. By Fabrication
            15.14.2.3. By Configuration
            15.14.2.4. By End Use Industry
    15.15. Indonesia
        15.15.1. Pricing Analysis
        15.15.2. Market Share Analysis, 2022
            15.15.2.1. By Tool Type
            15.15.2.2. By Fabrication
            15.15.2.3. By Configuration
            15.15.2.4. By End Use Industry
    15.16. Australia
        15.16.1. Pricing Analysis
        15.16.2. Market Share Analysis, 2022
            15.16.2.1. By Tool Type
            15.16.2.2. By Fabrication
            15.16.2.3. By Configuration
            15.16.2.4. By End Use Industry
    15.17. New Zealand
        15.17.1. Pricing Analysis
        15.17.2. Market Share Analysis, 2022
            15.17.2.1. By Tool Type
            15.17.2.2. By Fabrication
            15.17.2.3. By Configuration
            15.17.2.4. By End Use Industry
    15.18. GCC Countries
        15.18.1. Pricing Analysis
        15.18.2. Market Share Analysis, 2022
            15.18.2.1. By Tool Type
            15.18.2.2. By Fabrication
            15.18.2.3. By Configuration
            15.18.2.4. By End Use Industry
    15.19. South Africa
        15.19.1. Pricing Analysis
        15.19.2. Market Share Analysis, 2022
            15.19.2.1. By Tool Type
            15.19.2.2. By Fabrication
            15.19.2.3. By Configuration
            15.19.2.4. By End Use Industry
    15.20. Israel
        15.20.1. Pricing Analysis
        15.20.2. Market Share Analysis, 2022
            15.20.2.1. By Tool Type
            15.20.2.2. By Fabrication
            15.20.2.3. By Configuration
            15.20.2.4. By End Use Industry
16. Market Structure Analysis
    16.1. Competition Dashboard
    16.2. Competition Benchmarking
    16.3. Market Share Analysis of Top Players
        16.3.1. By Regional
        16.3.2. By Tool Type
        16.3.3. By Fabrication
        16.3.4. By Configuration
        16.3.5. By End Use Industry
17. Competition Analysis
    17.1. Competition Deep Dive
        17.1.1. Sandvik AB
            17.1.1.1. Overview
            17.1.1.2. Product Portfolio
            17.1.1.3. Profitability by Market Segments
            17.1.1.4. Sales Footprint
            17.1.1.5. Strategy Overview
                17.1.1.5.1. Marketing Strategy
                17.1.1.5.2. Product Strategy
                17.1.1.5.3. Channel Strategy
        17.1.2. Mitsubishi Materials Corporation
            17.1.2.1. Overview
            17.1.2.2. Product Portfolio
            17.1.2.3. Profitability by Market Segments
            17.1.2.4. Sales Footprint
            17.1.2.5. Strategy Overview
                17.1.2.5.1. Marketing Strategy
                17.1.2.5.2. Product Strategy
                17.1.2.5.3. Channel Strategy
        17.1.3. OSG Corporation
            17.1.3.1. Overview
            17.1.3.2. Product Portfolio
            17.1.3.3. Profitability by Market Segments
            17.1.3.4. Sales Footprint
            17.1.3.5. Strategy Overview
                17.1.3.5.1. Marketing Strategy
                17.1.3.5.2. Product Strategy
                17.1.3.5.3. Channel Strategy
        17.1.4. Kennametal Inc.
            17.1.4.1. Overview
            17.1.4.2. Product Portfolio
            17.1.4.3. Profitability by Market Segments
            17.1.4.4. Sales Footprint
            17.1.4.5. Strategy Overview
                17.1.4.5.1. Marketing Strategy
                17.1.4.5.2. Product Strategy
                17.1.4.5.3. Channel Strategy
        17.1.5. YG-1 Co., Ltd.
            17.1.5.1. Overview
            17.1.5.2. Product Portfolio
            17.1.5.3. Profitability by Market Segments
            17.1.5.4. Sales Footprint
            17.1.5.5. Strategy Overview
                17.1.5.5.1. Marketing Strategy
                17.1.5.5.2. Product Strategy
                17.1.5.5.3. Channel Strategy
        17.1.6. TTI Group
            17.1.6.1. Overview
            17.1.6.2. Product Portfolio
            17.1.6.3. Profitability by Market Segments
            17.1.6.4. Sales Footprint
            17.1.6.5. Strategy Overview
                17.1.6.5.1. Marketing Strategy
                17.1.6.5.2. Product Strategy
                17.1.6.5.3. Channel Strategy
        17.1.7. Stanley Black & Decker, Inc.
            17.1.7.1. Overview
            17.1.7.2. Product Portfolio
            17.1.7.3. Profitability by Market Segments
            17.1.7.4. Sales Footprint
            17.1.7.5. Strategy Overview
                17.1.7.5.1. Marketing Strategy
                17.1.7.5.2. Product Strategy
                17.1.7.5.3. Channel Strategy
        17.1.8. Tiangong International Co. Ltd.
            17.1.8.1. Overview
            17.1.8.2. Product Portfolio
            17.1.8.3. Profitability by Market Segments
            17.1.8.4. Sales Footprint
            17.1.8.5. Strategy Overview
                17.1.8.5.1. Marketing Strategy
                17.1.8.5.2. Product Strategy
                17.1.8.5.3. Channel Strategy
        17.1.9. Sumitomo Electric Hartmetall GmbH
            17.1.9.1. Overview
            17.1.9.2. Product Portfolio
            17.1.9.3. Profitability by Market Segments
            17.1.9.4. Sales Footprint
            17.1.9.5. Strategy Overview
                17.1.9.5.1. Marketing Strategy
                17.1.9.5.2. Product Strategy
                17.1.9.5.3. Channel Strategy
        17.1.10. TDC Cutting Tools Inc.
            17.1.10.1. Overview
            17.1.10.2. Product Portfolio
            17.1.10.3. Profitability by Market Segments
            17.1.10.4. Sales Footprint
            17.1.10.5. Strategy Overview
                17.1.10.5.1. Marketing Strategy
                17.1.10.5.2. Product Strategy
                17.1.10.5.3. Channel Strategy
        17.1.11. CERATIZIT S.A.
            17.1.11.1. Overview
            17.1.11.2. Product Portfolio
            17.1.11.3. Profitability by Market Segments
            17.1.11.4. Sales Footprint
            17.1.11.5. Strategy Overview
                17.1.11.5.1. Marketing Strategy
                17.1.11.5.2. Product Strategy
                17.1.11.5.3. Channel Strategy
        17.1.12. KYOCERA Corporation
            17.1.12.1. Overview
            17.1.12.2. Product Portfolio
            17.1.12.3. Profitability by Market Segments
            17.1.12.4. Sales Footprint
            17.1.12.5. Strategy Overview
                17.1.12.5.1. Marketing Strategy
                17.1.12.5.2. Product Strategy
                17.1.12.5.3. Channel Strategy
        17.1.13. Gühring KG
            17.1.13.1. Overview
            17.1.13.2. Product Portfolio
            17.1.13.3. Profitability by Market Segments
            17.1.13.4. Sales Footprint
            17.1.13.5. Strategy Overview
                17.1.13.5.1. Marketing Strategy
                17.1.13.5.2. Product Strategy
                17.1.13.5.3. Channel Strategy
        17.1.14. Walter AG
            17.1.14.1. Overview
            17.1.14.2. Product Portfolio
            17.1.14.3. Profitability by Market Segments
            17.1.14.4. Sales Footprint
            17.1.14.5. Strategy Overview
                17.1.14.5.1. Marketing Strategy
                17.1.14.5.2. Product Strategy
                17.1.14.5.3. Channel Strategy
        17.1.15. RUKO GmbH
            17.1.15.1. Overview
            17.1.15.2. Product Portfolio
            17.1.15.3. Profitability by Market Segments
            17.1.15.4. Sales Footprint
            17.1.15.5. Strategy Overview
                17.1.15.5.1. Marketing Strategy
                17.1.15.5.2. Product Strategy
                17.1.15.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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