In the context of machining, a cutting tool is any tool that is used to remove material from the workpiece by means of shear deformation. High-speed steel is the most common cutting tool material used today. High-speed steel cutting tools is much tough than ordinary cutting tools and easier for cutting. It retains its hardness at moderate temperatures. In machinery manufacturing, the majority use of HSS cutting tools is in machine tools.
The Major regions to produce High Speed Steel (HSS) Metal Cutting Tools are China, Europe and Japan, which accounting for more than 77 % of value production in total. The major consumption region is east China, Europe, and United States.
Along with the development of Chinese domestic Industrial technology, Chinese High Speed Steel (HSS) Metal Cutting Tools has been made a lot of progress, but it also has a long way to be advanced in the world, especially in high-end products. Otherwise, most of Chinese companies are rather small, compared to other countries' companies in value production.
Over the next five years, LPI(LP Information) projects that High Speed Steel (HSS) Metal Cutting Tools will register a 4.5% CAGR in terms of revenue, reach US$ 9280 million by 2023, from US$ 7130 million in 2017.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Shanghai Tool Works
Sumitomo Electric Industries
TDC Cutting Tools
Harbin No.1 Tool Manufacturing
Harbin Measuring and Cutting Tool
Henan Yigong Zuanye
LMT Onsrud LP
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
HSS Milling Tools
HSS Drilling Tools
HSS Tapping Tools
HSS Reaming and Counterboring Tools
HSS Gear Cutting Tools
HSS Broaching Tools
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Oil and Gas Industry
Shipping Building Industry
Rail Transport Industry
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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