HSS Metal Cutting Tools

HSS Metal Cutting Tools

Global HSS Metal Cutting Tools Market to Reach $15.9 Billion by 2030
In the changed post COVID-19 business landscape, the global market for HSS Metal Cutting Tools estimated at US$10.4 Billion in the year 2022, is projected to reach a revised size of US$15.9 Billion by 2030, growing at aCAGR of 5.5% over the period 2022-2030. Milling Tools, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$5.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Drilling Tools segment is readjusted to a revised 4.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 9.2% CAGR
The HSS Metal Cutting Tools market in the U.S. is estimated at US$2.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Select Competitors (Total 31 Featured) -

• Addison & Co., Ltd.
• Aloris Tool Technology Co., Inc.
• Bohler-Uddeholm
• CGS Tool
• China National Machinery Imp. & Exp.Corp.
• DeWalt Corporation
• Dormer Pramet
• Eazypower
• Erasteel SAS
• Greenfield Industries, Inc.

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