한글목차

세계 공구강 시장의 미래는 자동차, 부동산, 조선, 항공우주, 의료 산업 시장에서 기회가 있어 유망합니다. 세계 공구강 시장은 2025-2031년 6.2%의 연평균 복합 성장률(CAGR)로, 2031년까지 약 84억 달러에 달할 것으로 예상됩니다. 이 시장의 주요 촉진요인은 산업계의 금속 단조 및 플라스틱 성형에 대한 수요 증가, 민간 및 공공 부문의 투자 증가, 고성능 공구에 대한 수요 증가, 생산 공정 개선을 통한 합금화 및 열처리 최적화로 인해 안정적인 품질과 신뢰할 수 있는 공구 성능을 제공하는 것입니다.

• Lucintel의 예측에 따르면, 제품 유형별로는 물경화강이 다른 공구강에 비해 일반적으로 가격이 저렴하고 사용하기 쉽기 때문에 예측 기간 동안 가장 높은 성장률을 보일 것으로 예상됩니다.
• 복잡한 자동차 부품의 제조에는 다양한 소재의 정밀 가공 및 성형을 위해 다양한 절삭 공구, 스탬핑 금형, 특정 특성을 가진 금형이 필요하기 때문에 용도별로는 자동차가 가장 큰 부문이 될 것입니다.
• 지역별로는 아시아태평양이 급속한 산업 확장을 경험하고 있으며, 이는 다양한 공구 및 기계에 대한 높은 수요로 이어져 예측 기간 동안 가장 규모가 큰 지역으로 남을 것으로 예상됩니다.

공구강 시장의 전략적 성장 기회

공구강 시장은 첨단 소재와 혁신적인 응용 분야에 대한 수요 증가로 인해 몇 가지 전략적 성장 기회를 제공합니다. 자동차, 항공우주, 전자, 중장비 등 주요 산업 분야는 뛰어난 내구성, 정확성, 효율성을 제공하는 고성능 공구강을 요구하고 있습니다. 제조업체들은 이러한 성장 기회를 활용하기 위해 새로운 용도를 모색하고 신흥 시장으로 진출하고 있습니다.

• 가볍고 내구성이 뛰어난 부품: 자동차 부문은 가볍고 내구성이 뛰어난 부품을 요구하기 때문에 공구강 시장에 큰 성장 기회가 될 것입니다. 현대의 자동차는 다양한 응력을 견딜 수 있는 강인한 특수합금 공구를 필요로 합니다. 연료 소비가 적은 경차로의 추세는 더 강하면서도 가벼운 첨단 공구강에 대한 관심을 높이고 있습니다. 이러한 변화는 합금 조성의 혁신과 제조 기술 개발로 이어져 공구강 시장 발전의 주요 원동력으로서 자동차 부문의 입지를 확고히 하고 있습니다.
• 고온 내성: 공구강 시장의 주요 성장 분야 중 하나는 항공우주 산업으로, 극한의 조건에서 고온용 소재가 요구되고 있습니다. 터빈 블레이드, 엔진 부품, 랜딩 기어와 같은 항공기 부품은 공구강을 사용하여 제조됩니다. 따라서 항공우주 산업이 보다 효율적이고 내구성이 뛰어난 소재를 사용하는 방향으로 패러다임이 전환됨에 따라 고성능 공구강에 대한 수요가 증가할 것으로 예상됩니다. 제조업체들은 이러한 가능성을 인식하고 매우 까다로운 요구 사항을 고려하여 이 분야 전용 공구강을 생산하기 시작했습니다.
• 정밀 가공 공구: 전자 산업은 공구강 시장, 특히 정밀 가공 공구 제조에 있어 성장 잠재력을 제공합니다. 전자기기 제조에는 경도, 내마모성, 치수 안정성을 갖춘 공구강이 필요합니다. 전자기기의 소형화와 회로 기판의 복잡성으로 인해 첨단 공구 솔루션이 요구되고 있습니다. 전자 산업의 정밀 가공에 특화된 특수 공구강이 개발되고 있어 성장 기회가 있습니다.
• 고성능 수술기구: 고성능 수술기구 및 의료용 공구강 시장은 고성능 수술기구 및 의료용 공구에 대한 수요가 증가함에 따라 큰 기회를 제공합니다. 공구강은 뛰어난 경도, 내식성, 생체 적합성이 요구되는 기구 제조에 사용됩니다. 이러한 이유로, 특히 의료기기 산업이 지속적으로 성장하는 신흥 시장에서 고급 공구강에 대한 수요가 증가하고 있습니다. 의료 분야에서 까다로운 용도를 대체할 수 있는 소재 개발에는 큰 성장 기회가 존재합니다.

자동차, 항공우주, 전자, 의료기기, 중장비 등의 분야에서의 전략적 기회는 공구강 시장의 성장을 가속할 것입니다. 이들 산업은 내구성과 정밀도를 제공하면서 기존보다 더 나은 성능을 발휘할 수 있는 첨단 소재가 필요합니다. 이러한 시장 개발 전망은 이미 확인된 바 있지만, 제조업체들이 더 많은 제품을 지속적으로 혁신하고 신흥 시장에 진출하여 공구강 시장의 미래 트렌드를 정의함으로써 더욱 강화될 것으로 보입니다.

공구강 시장 성장 촉진요인 및 과제

이러한 촉진요인 뒤에는 적층 가공 기술과 같은 기술 발전, 기업 내 품질 관리 시스템에 대한 환경 규제 등 다양한 요인이 있습니다. 그럼에도 불구하고 이 산업은 높은 생산 비용, 규제 준수, 공급망 혼란 등의 문제로 인해 어려움을 겪고 있습니다.

공구강 시장을 견인하는 요인은 다음과 같다:

• 제조 기술의 발전: 제조 기술의 발전: 제조 공정의 기술 발전은 공구강 시장의 중요한 촉진제입니다. 적층 가공, 정밀 가공, 첨단 열처리 기술 등의 혁신으로 인해 제조업체는 향상된 특성을 가진 공구강을 생산할 수 있게 되었습니다. 이러한 기술은 공구 장비의 성능, 내구성 및 효율성을 향상시켜 현대 산업의 요구에 부응하고 있습니다. 제조업체들이 연구개발에 지속적으로 투자함에 따라 이러한 기술 발전은 공구강 시장의 성장을 더욱 촉진할 것으로 예상됩니다.
• 고성능 소재에 대한 수요 증가: 자동차, 항공우주, 전자 분야에서 사용되는 고성능 소재에 대한 수요 증가가 공구강 시장을 견인하고 있습니다. 제조업체들은 쉽게 고장나지 않고 내구성이 뛰어난 공구를 생산하기 위해 고경도, 내마모성, 내열성을 나타내는 견고한 공구강을 필요로 합니다. 그 결과, 더 나은 소재를 필요로 하는 산업이 진화하고 있으며, 특히 자동차 부품 제조업체들은 강도를 유지하면서 연비를 향상시키기 위해 알루미늄과 같은 경량 금속을 사용하는 방향으로 나아가고 있습니다. 이러한 추세는 다양한 용도의 특정 요구를 충족하는 품종을 제조하기 위해 새로운 합금의 개발 또는 기존 합금의 개선을 필요로 합니다.
• 지속가능성 및 환경 규제: 공구강 시장은 지속가능성과 환경 규제를 점점 더 많이 고려하고 있습니다. 정부 및 업계 관계자들은 재활용 재료의 사용과 에너지 절약형 생산 방식을 포함한 친환경 생산 방식을 장려하고 있습니다. 환경 규제 준수에 대한 감시가 강화됨에 따라 제조업체들은 지속 가능한 솔루션에 투자할 수밖에 없는 상황입니다. 이러한 환경 친화적 관행은 기업의 경쟁 방식을 바꾸고 있으며, 많은 기업들이 높은 수준의 성능과 품질을 유지하면서 생태적 발자국을 줄이는 데 중점을 두고 있습니다.

공구강 시장의 과제는 다음과 같다:

• 생산 원가 상승: 생산 원가 상승: 공구강 시장은 생산 원가 상승에 직면해 있습니다. 생산 원가 상승: 공구강 시장은 생산 원가 상승에 시달리고 있습니다. 또한 첨단 제조 요구 사항과 환경 친화적 인 요구 사항이 결합되어 생산 비용이 더욱 상승하고 있습니다. 이에 대응하기 위해 제조업체는 대체 재료 조달과 공정 최적화 등 저비용 옵션을 찾아야 합니다.
• 공급망 혼란 공구강 시장이 직면한 주요 과제 중 하나는 공급망 혼란이며, 특히 코로나19 팬데믹과 같은 세계 이벤트가 발생했을 때 발생합니다. 이러한 혼란은 원자재 납품 지연, 운송 문제 등의 측면에서 발생하여 제조업체에 불확실성을 가져왔습니다. 따라서 제조업체들은 이러한 혼란이 발생했을 때 수입에 크게 의존하지 않기 위해 현지 생산 시설에 투자하면서 공급망 전략을 재검토하게 됩니다. 안정적인 공구강 공급, 나아가 성장 시장의 지속성을 보장하기 위해서는 이러한 문제를 해결하는 것이 중요합니다.
• 규제 준수: 공구강 시장의 또 다른 큰 과제는 폐기물 처리 및 제품에서 대기 및 수자원으로의 배출을 규제하는 규제를 준수하는 것입니다. 환경 보호, 작업장 안전, 제품 품질에 관한 지역별로 다양한 규정이 존재하며, 이 분야에서 활동하는 모든 기업이 고려해야 할 사항입니다. 규칙을 위반할 경우, 기업의 처벌, 소송, 기업 이미지 실추 등이 발생할 수 있습니다. 이처럼 시시각각 변화하는 법적 프레임워크 때문에 기업은 항상 환경법에 대한 최신 정보를 입수하고 그에 따라 업무를 수정해야 합니다.

기술 발전, 고성능 소재에 대한 수요, 지속가능성 캠페인은 이 산업을 새로운 차원으로 끌어올리고 있습니다. 하지만 이 분야의 제조업체들은 생산 비용 상승, 공급망 혼란, 규제 준수 요건 등 극복해야 할 몇 가지 큰 장애물이 있습니다.

목차

제1장 주요 요약

제2장 세계의 공구강 시장 : 시장 역학

• 서론, 배경, 분류
• 공급망
• 업계 촉진요인과 과제

제3장 시장 동향과 예측 분석(2019-2031년)

• 거시경제 동향(2019-2024년)과 예측(2025-2031년)
• 세계의 공구강 시장 동향(2019-2024년)과 예측(2025-2031년)
• 제품 유형별
  • 물 경화
  • 냉간 가공
  • 내충격성
  • 고열 작업
  • 고속 작업
  • 플라스틱 금형
• 용도별
  • 자동차
  • 부동산
  • 조선
  • 항공우주
  • 의료 산업
  • 기타

제4장 지역별 시장 동향과 예측 분석(2019-2031년)

• 지역별 : 세계 공구강 시장
• 북미의 공구강 시장
• 유럽의 공구강 시장
• 아시아태평양의 공구강 시장
• 기타 지역의 공구강 시장

제5장 경쟁 분석

• 제품 포트폴리오 분석
• 운영 통합
• Porter의 Five Forces 분석

제6장 성장 기회와 전략 분석

• 성장 기회 분석
  • 제품 유형별
  • 용도별
  • 지역별
• 세계 공구강 시장의 새로운 동향
• 전략 분석
  • 신제품 개발
  • 세계의 공구강 시장 생산능력 확대
  • 세계 공구강 시장에서의 인수합병(M&A) 및 합작투자(JV)
  • 인증 및 라이선싱

제7장 주요 기업 개요

• Voestalpine
• Samuel
• Eramet
• QiLu Special Steel
• Hitachi Metals
• Baosteel
• Hudson Tool Steel
• Buderus Edelstahl
• Schmiedewerke Groditz
• Tiangong International

영문목차

The future of the global tool steel market looks promising with opportunities in the automotive, real estate, shipbuilding, aerospace, and medical industry markets. The global tool steel market is expected to reach an estimated $8.4 billion by 2031 with a CAGR of 6.2% from 2025 to 2031. The major drivers for this market are increased demand for metal forging and plastic molding in industries, as well as increased investment in both the private and public sectors, growing demand for high-performance tools, along with the improved production processes optimize alloying and heat treatment, resulting in consistent quality and reliable tool performance.

• Lucintel forecasts that, within the product type category, water hardening is expected to witness the highest growth over the forecast period because it is typically more affordable compared to other tool steel and ease of use.
• Within the application category, automotive will remain the largest segment because the manufacturing complex automotive components requires a diverse range of cutting tools, stamping dies, and molds with specific properties for precision machining and forming of various materials.
• In terms of regions, APAC will remain the largest region over the forecast period due to region is experiencing rapid industrial expansion, leading to a high demand for various tools and machinery.

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Emerging Trends in the Tool Steel Market

The tool steel market is changing due to technological advancements occurring across all industries, including the manufacturing industry, driven by sustainability initiatives, internationalization of firms, and globalization of markets, among others. Some key trends include the rise of environmentally friendly production processes in the manufacturing industry, rapid prototyping using additive manufacturing techniques, the development of ultra-hard tool steels, and more efficient production processes to create various high-performance tools required by different sectors worldwide.

• Adoption of Additive Manufacturing: The use of 3D printing or additive manufacturing (AM) techniques as a new solution for creating complex tool geometries with high accuracy is one area that could enable AM to gain traction within the tool steel market. This technology has gained attention since its inception because it enables customization while reducing material waste during production and shortening lead times. Additive manufacturing addresses specific sector requirements characterized by low-volume specialized tools where larger-scale alternatives may be too expensive. Therefore, it is expected that this trend will significantly impact how components made from this material are produced, resulting in higher levels of flexibility and productivity within this sector.
• Development of Ultra-Hard Tool Steels: Due to increasing demands for tools capable of withstanding harsh environmental conditions and prolonged usage, there is a growing demand for ultra-hard tool steels. Recent advancements in metallurgy have led to improvements in the properties of tool steels, including hardness, wear resistance, and heat resistance. The use of these ultra-hard steels includes applications in sectors such as aerospace, automotive, and heavy machinery, where the tools are subjected to extreme pressure. Consequently, this trend has influenced innovations in alloy compositions and heat treatment methods, enabling manufacturers to produce tools with better performance and longer lifespans.
• Sustainable Steel Production Practices: The tool steel market is becoming more sustainable due to the adoption of green manufacturing practices by producers aimed at minimizing their ecological footprint through recycling programs, utilizing low-carbon tool steel materials, and efficient energy utilization during production. Governments and industry bodies encourage industries to embrace green technologies by implementing stringent measures. This move is changing the face of the tool steel industry toward developing sustainable products that consume fewer resources and emit less CO2 into the environment.
• High-Performance Cutting Tools Demand Increase: Innovation in the manufacturing of tool steel is being driven by the rising demand for high-performance cutting tools. For example, sectors like automotive, aerospace, and electronics require tools that can operate at very high speeds and temperatures without compromising accuracy. Thus, these materials are now made with improved toughness, heat resistance, and corrosion resistance. Another factor contributing to the demand for advanced cutting tools is automation and high-speed machining, which aim to increase productivity while minimizing downtime.
• Tool Steel Production Regionalization: In response to supply chain disruptions and emphasized local production requirements, regionalization of tool steel production is becoming a trend. Countries are strengthening domestic production capacities of tool steel, thereby reducing their overreliance on imports and ensuring a constant flow of superior quality raw materials. This phenomenon is particularly noticeable in regions with strong industrial bases such as the USA, Europe, and China, among others. It is anticipated that localization will improve competitiveness among local producers and foster growth in key areas within the tool steel market.

To summarize, innovation in technology used in manufacturing processes, sustainability practices, and material science are major trends shaping the market. The adoption of additive manufacturing, the development of ultra-hard tool steels, and the focus on sustainable production practices are offering avenues for growth. Therefore, these trends will be crucial as industries continuously require high-performing tools that meet stringent quality and environmental standards.

Recent Developments in the Tool Steel Market

The tool steel market is experiencing significant changes due to rapidly evolving industrial needs, technological advancements, and environmental regulations. An increase in demand for tough and durable high-performance tool steels is being witnessed across sectors such as automotive, aerospace, and heavy machinery. Manufacturers are optimizing their tool steel properties to meet specific application requirements, improve sustainability practices, and adopt advanced manufacturing technologies. These developments have transformed the competitive nature of the market, setting new benchmarks in performance and efficiency.

• Development of High-Performance Alloys: One important development in the tool steel market is the creation of improved alloys that exhibit excellent resistance to wear, toughness, and heat. For example, these alloys are useful for applications within the aerospace and automotive sectors that require higher strength materials. Innovations such as alloy composition adjustments and heat treatment methods enable manufacturers to produce tool steels with better mechanical properties, extending their tool lifespan while lowering maintenance costs. This has also led to increased use of high-performance tools, particularly under high-stress conditions.
• Expansion of Additive Manufacturing Technologies: The integration of additive manufacturing technology into the production process has significantly changed how steel tools are made. Complex geometries can be produced via 3D printing for tools with exacting precision and minimal material waste. This technology is particularly useful for small-batch production of custom-made tools or prototypes, thus reducing lead times and costs associated with the tool preparation process. As more companies embrace this technology, mass customization will become possible through flexible and efficient production processes related to these steel-making mechanisms.
• Sustainability Initiatives in Steel Production: In the tool steel market, sustainability is becoming a central theme, with manufacturers adopting environmentally conscious industrial practices. This includes using recycled steel, employing energy-efficient manufacturing processes, and reducing carbon emissions. Companies are exploring alternative materials and production techniques that minimize environmental impact. These sustainability initiatives are driven by regulatory pressures and growing demand from environmentally conscious customers. This development is expected to shape the market's future as companies prioritize sustainable solutions in tool steel production.
• Increased Demand for Precision Tooling: Another significant trend in the tool steel market is the rising demand for precision tooling. For example, leading manufacturers of this type of equipment seek to produce tools from high-quality tool steels that exhibit exceptional dimensional stability, hardness, and wear resistance properties, such as those provided by Uddeholm Vanadis grades. Advanced manufacturing techniques, including micro-machining and surface coating technologies, have been adopted to enhance the performance of these precision tools. This development has resulted in increased innovation within the sector as firms strive to meet strict quality and performance requirements associated with precision tooling applications.

The industry is undergoing a significant transformation driven by recent progress in the tool steel market. The competitive landscape is being reshaped by high-performance alloys, additive manufacturing, sustainability efforts, precision tooling, and regional production expansion, while quality, efficiency, and environmental responsibility are being reset. These trends will shape the future growth of the tool steel market.

Strategic Growth Opportunities for Tool Steel Market

The tool steel market presents several strategic growth opportunities driven by increasing demand for advanced materials and innovative applications. Key industries such as automotive, aerospace, electronics, and heavy machinery are seeking high-performance tool steels that offer superior durability, precision, and efficiency. Manufacturers are exploring new applications and expanding into emerging markets to capitalize on these growth opportunities.

• Lightweight and Durable Components: The automotive sector presents a significant growth opportunity for the tool steel market as it demands lightweight and durable components. Modern vehicles require tools made from special alloys that are tough enough to withstand various stresses. The trend toward lighter cars that consume less fuel has increased interest in stronger yet lightweight advanced tool steels. This shift has led to innovations in alloy compositions and developments in manufacturing techniques, consolidating the automotive sector's position as the main driving force behind developments within the tool steel market.
• High-Temperature Resistance: One of the key areas of growth for the tool steel market is the aerospace industry, where materials for high-temperature applications under extreme conditions are needed. Aircraft parts, including turbine blades, engine parts, and landing gears, are manufactured using tool steels. Consequently, an increase in demand for high-performance tool steels is expected as the aerospace industry focuses on a paradigm shift toward using more efficient and durable materials. Manufacturers have recognized this potential and begun creating specific tool steels for this sector, considering the extremely strict requirements involved.
• Precision Machining Tools: The electronics industry offers growth potential for the tool steel market, particularly in producing precision machining tools. Electronics manufacturing requires tool steels providing hardness, resistance to wear, and dimensional stability. Advanced tooling solutions are needed due to the miniaturization of electronic devices and the increasing complexity of circuit boards. There is an opportunity for growth as specialized tool steels are being developed specifically for precision machining in the electronics industry.
• High-Performance Surgical Instruments: The tool steel market for medical devices presents a significant opportunity with increasing demands for high-performing surgical instruments and medical tools. Tool steels are used to manufacture instruments that require exceptional hardness, resistance to corrosion, and biocompatibility. This has increased the demand for advanced tool steels, particularly in emerging markets where the medical devices industry continues to grow. A substantial growth opportunity exists in developing materials that can serve as substitutes for demanding applications in the medical field.

Strategic opportunities in sectors like automotive, aerospace, electronics, medical devices, and heavy machinery drive growth in the tool steel market. These industries require advanced materials that can perform better than previous ones while offering durability and precision. Such prospects for development have already been identified but will intensify as manufacturers continue innovating more products, thereby entering new markets and defining future trends in the tool steel market.

Tool Steel Market Driver and Challenges

There are different factors behind these drivers including Technology advances such as additive manufacturing techniques as well as environmental rules on quality control systems within companies that make them use this kind of metal alloy for their production process due to its low cost when compared to other metals alloys at their disposal today owing from increased consumption rates across world market place setting off increased demand. Still, the industry is hindered by issues like high production costs, regulatory compliance, and supply chain disruptions.

The factors responsible for driving the tool steel market include:

• Technological Advancements in Manufacturing: Technological advancements in manufacturing processes are a significant driver of the tool steel market. Innovations such as additive manufacturing, precision machining, and advanced heat treatment techniques have enabled tool steels with improved properties to be produced by manufacturers. These technologies are improving the performance, durability, and efficiency of tooling equipment, meeting the demands of modern industries. As manufacturers continue to invest in research and development, these technological advancements are expected to drive further growth in the tool steel market.
• Increasing Demand for High-Performance Materials: Growing demand for high-performance materials used in the automotive, aerospace, and electronics sectors has boosted the Tool Steel market. Manufacturers need robust tool steels that exhibit high hardnesses, wear resistances as well as resistance to heat for them to fabricate durable tools that cannot fail easily. Consequently, as industries evolve requiring better materials, especially among automotive component producers who are moving towards using lighter metals like aluminum since they would lower their vehicles' weight thus enhancing fuel efficiency while maintaining its strength. This trend necessitates the development of new alloys or the improvement of existing ones to manufacture varieties that will satisfy the specific needs of different applications.
• Sustainability and Environmental Regulations: The Tool Steel market is increasingly factoring in sustainability and environmental regulations. Governments and industry players are promoting green production methodologies that include the use of recycled materials and energy saving manufacturing methods. Manufacturers are compelled to invest in sustainable solutions as they face more scrutiny over adherence to environmental legislation. These trends towards environmentally friendly practices are changing how firms compete, with many emphasizing reducing their ecological footprints while maintaining high levels of performance and quality.

Challenges in the tool steel market are:

• Rising Production Costs: The tool steel market grappling with rising production costs. There has been a surge in raw materials costs, energy expenses as well as labor charges for producers. Additionally, advanced manufacturing requirements coupled with the need for eco-friendliness have further added to production costs. To cope with it, manufacturers are forced to look for low-cost options such as process optimization in addition to alternative material sourcing.
• Supply Chain Disruptions: One of the major challenges that the Tool Steel market faces is supply chain disruptions, particularly during global events like the COVID-19 pandemic. Such disruptions were experienced in terms of delays in raw material delivery, and transportation issues among others which caused uncertainties among manufacturers. This causes manufacturers to rethink their supply chain strategies while investing in regional production facilities so as not to rely heavily on imports when these disruptions occur. It is important to address these issues to make sure there's a stable tool steel supply hence growth market continuity.
• Regulatory Compliance: The other big challenge for the tool steel Market is complying with regulations governing waste disposal and emissions from its products into air or water sources too. There exist diverse region-specific rules regarding environmental protection, safety at the workplace, and product quality which should be considered by all players operating within this sector. Incurring corporate penalties, legal suits or damaging company image may result if rules are violated by them. Owing to this ever-changing legal framework, firms should always keep themselves updated on environmental laws and modify their operations accordingly.

Technological advancements, demand for high performing materials as well as sustainability campaigns are pushing this industry to new heights. Nonetheless, there are a couple of significant hurdles that manufacturers in the sector will have to overcome namely rising production costs, supply chain disruptions and regulatory compliance requirements.

List of Tool Steel Companies

Companies in the market compete based on product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies tool steel companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the tool steel companies profiled in this report include-

• Voestalpine
• Samuel
• Eramet
• QiLu Special Steel
• Hitachi Metals
• Baosteel
• Hudson Tool Steel
• Buderus Edelstahl
• Schmiedewerke Groditz
• Tiangong International

Tool Steel by Segment

The study includes a forecast for the global tool steel market by product type, application, and region.

Tool Steel Market by Product Type [Analysis by Value from 2019 to 2031]:

• Water Hardening
• Cold Work
• Shock Resisting
• Hot Work
• High Speed
• Plastic Mold

Tool Steel Market by Application [Analysis by Value from 2019 to 2031]:

• Automotive
• Real Estate
• Ship Building
• Aerospace
• Medical Industries
• Others

Tool Steel Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Tool Steel Market

Tool steel is experiencing extensive modifications occasioned by developments in manufacturing processes, a rise in demand for high performance tools, and the adoption of environmentally sustainable production practices. Tool steel has experienced increased demands within industrial sectors like automotive, construction, and electronics among others. The market is witnessing significant changes in countries such as the United States, China Germany India, and Japan. These include the development of new alloys for example, advanced manufacturing methods, and attempts aimed at reducing the environmental impacts on the production of steel. This section analyses recent developments that have taken place in tool steel markets across such regions.

• United States: The US has witnessed immense progress on tool steel alloys majorly driven by the automotive and aerospace industries. Manufacturers are concentrating on developing high-performance tool steels with improved wear resistance, toughness, and heat resistance. The durability and efficiency of these tools have been enhanced through innovations involving powder metallurgy alloy compositions. Furthermore, there is now more focus on green manufacturing regarding the emission of carbon in making steel which means that certain companies are going green. Such advances underscore America's thriving cutting-edge arena for tool steels.
• China: China is fast expanding its domestic production capacity to meet the increasing needs of its industry players demanding more local products. Investments into advanced production technology as well as brand new mills have been made driven by this country's drive to be self-reliant when it comes to manufacturing activities done locally by employing both state-of-the-art technologies involved in producing very superior tool steels at high speed as well as using high carbon containing ones which enhance cutting and forming tools' performance respectively while intensifying efforts geared towards improving quality control standards associated with domestically manufactured grades have also picked up momentum so far thereby strengthening this country's position within the international arena of tool steels.
• Germany: As a highly renowned engineering nation, Germany is presently interested in precision tooling as well as sustainable methods of producing steel. The demand for high-precision tools has been experienced more by the automotive and machinery industries which has led to innovative tool design and material combinations. Besides, German producers are investing extensively in energy saving technologies so that this aligns with the sustainability objectives of their nation. High wear resistance combined with longer life periods can be made possible through sophisticated heat treatment processes involving tool steels. These developments entrench Germany's status as a top center for high quality production and innovative use of tool steels.
• India: Investment in manufacturing of tool steel is escalating driven by growth witnessed in automotive sectors, however, construction is also catching up with it. Indian steel makers are concentrating on improving the quality of their grade to fully satisfy the increasing demand for hi-tech tools these days. This has been done through partnerships with some key global players involving the introduction of new grades and production techniques for making better ones among others such as alternative spelling Finally, there has been an increase in activities aimed at encouraging investment into domestic tool steel plants under the "Make in India" initiative being rolled out by India government thereby positioning this country within emerging markets relating to worldwide trade concerning these commodities too.
• Japan: This is the content for Japan leading the way in high-speed tool steel technology, which has been driven by the need to manufacture products with precision and efficiency. High-precision cutting properties are available through Japanese manufacturers developing tool steels that have increased hardness, heat resistance, and wear resistance. The electronics and automotive industries drive this innovation by creating tools that can withstand extreme conditions. Recycling of scrap steel and reduction of energy consumption in steel production are other sustainable practices being prioritized by Japan. These advancements have enhanced the competitiveness of Japan in the market for tool steels.

Features of the Global Tool Steel Market

Market Size Estimates: Tool steel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Tool steel market size by product type, application, and region in terms of value ($B).

Regional Analysis: Tool steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the tool steel market.

Strategic Analysis: This includes M&A, new product development, and the competitive landscape of the tool steel market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers the following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the tool steel market by product type (water hardening, cold work, shock resisting, hot work, high speed, and plastic mold), application (automotive, real estate, shipbuilding, aerospace, medical industries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are this market's business risks and competitive threats?
• Q.6. What are the emerging trends in this market and why?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Tool Steel Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Tool Steel Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Tool Steel Market by Product Type
  • 3.3.1: Water Hardening
  • 3.3.2: Cold Work
  • 3.3.3: Shock Resisting
  • 3.3.4: Hot Work
  • 3.3.5: High Speed
  • 3.3.6: Plastic Mold
• 3.4: Global Tool Steel Market by Application
  • 3.4.1: Automotive
  • 3.4.2: Real Estate
  • 3.4.3: Ship Building
  • 3.4.4: Aerospace
  • 3.4.5: Medical Industries
  • 3.4.6: Others

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Tool Steel Market by Region
• 4.2: North American Tool Steel Market
  • 4.2.1: North American Tool Steel Market by Product Type: Water Hardening, Cold Work, Shock Resisting, Hot Work, High Speed, and Plastic Mold
  • 4.2.2: North American Tool Steel Market by Application: Automotive, Real Estate, Ship Building, Aerospace, Medical Industries, and Others
• 4.3: European Tool Steel Market
  • 4.3.1: European Tool Steel Market by Product Type: Water Hardening, Cold Work, Shock Resisting, Hot Work, High Speed, and Plastic Mold
  • 4.3.2: European Tool Steel Market by Application: Automotive, Real Estate, Ship Building, Aerospace, Medical Industries, and Others
• 4.4: APAC Tool Steel Market
  • 4.4.1: APAC Tool Steel Market by Product Type: Water Hardening, Cold Work, Shock Resisting, Hot Work, High Speed, and Plastic Mold
  • 4.4.2: APAC Tool Steel Market by Application: Automotive, Real Estate, Ship Building, Aerospace, Medical Industries, and Others
• 4.5: ROW Tool Steel Market
  • 4.5.1: ROW Tool Steel Market by Product Type: Water Hardening, Cold Work, Shock Resisting, Hot Work, High Speed, and Plastic Mold
  • 4.5.2: ROW Tool Steel Market by Application: Automotive, Real Estate, Ship Building, Aerospace, Medical Industries, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Tool Steel Market by Product Type
  • 6.1.2: Growth Opportunities for the Global Tool Steel Market by Application
  • 6.1.3: Growth Opportunities for the Global Tool Steel Market by Region
• 6.2: Emerging Trends in the Global Tool Steel Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Tool Steel Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Tool Steel Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Voestalpine
• 7.2: Samuel
• 7.3: Eramet
• 7.4: QiLu Special Steel
• 7.5: Hitachi Metals
• 7.6: Baosteel
• 7.7: Hudson Tool Steel
• 7.8: Buderus Edelstahl
• 7.9: Schmiedewerke Groditz
• 7.10: Tiangong International