High Speed Steel (HSS) Metal Cutting Tools Market
High–speed steel (HSS or HS) is a subset of tool steels, commonly used as cutting tool material. It is often used in power-saw blades and drill bits. It is superior to the older high-carbon steel tools used extensively through the 1940s in that it can withstand higher temperatures without losing its temper (hardness).
Tooling is important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, and form, drill, cut, shape, cut and cast, determine the quality of manufactured product. Manufacturing industries would continue to create demand for HSS metal cutting tools. The increasing focus on customer satisfaction and product quality is also helping to boost the market for high performance cutting tools.
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The High-Speed Steel HSS Metal Cutting Tools Market Segmentation:
| basis of types |
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| by applications |
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| geographical regions |
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Regional Outlook
A major Key factor contributing to the growth of this market is the increasing requirement to develop superior quality products. The Global High-Speed Steel Metal Cutting Tools market has been witnessing a reduction in the cost of high-speed steel metal-cutting tools. However, the growing preference for carbide metal-cutting tools acts as a challenge to the growth of this market.
The competition among high-speed steel metal cutting tools vendors has increased rapidly. Developing countries such as Russia, Brazil, India, China, and South Africa are witnessing huge investments in high-performance and high-quality machines. An increase in competition among HSS vendors leads to a reduction in total cost.
The major players for this market include
- Addison & Co., Ltd., Inc.,
- Bohler Uddeholm Corporation,
- BIG Kaiser Precision Tooling,
- Erasteel SAS,
- Kennametal, Inc.,
- Nippon Koshuha Steel Group
- Nachi America, Inc.,
- OSG Korea Corporation,
- Niagara Cutter, Inc.,
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