Global HSS Metal Cutting Tools Market - Analysis, Trends & Forecasts to 2021 - Research and Markets

20 October 2017

The "Global HSS Metal Cutting Tools Market 2017-2021" report has been added to Research and Markets' offering.

The global HSS metal cutting tools market is forecast to grow at a CAGR of 8.68% during the period 2017-2021.

The report, Global HSS Metal Cutting Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is integration of 3D printing technology. Originally, 3D printers were employed to create minute plastic models and prototypes. At present, they are extensively used to create electronic products, prosthetics, and full-scale clothing. 3D printers have tremendous potential in the industrial sector if employed efficiently and effectively.

One driver in the market is demand for superior quality products and CNC machines. During a product development process, design requirements and specifications help in achieving the desired form of the product. HSS metal cutting tools are used to implement these specifications for the easy and convenient development of complex products and shapes. Thus, the effective use of HSS metal cutting tools helps industries develop superior-quality products, with enhanced dimensional accuracy.

Further, the report states that one challenge in the market is capital intensive market. The requirement of capital by HSS metal cutting tool manufacturers to provide advanced and innovative tools in the market has grown considerably. Inputs, such as iron, steel, stainless steel, and other alloys are necessary to manufacture HSS metal cutting tools for drilling, tapping, milling, boring, gear cutting, and grinding machines. These raw materials account for about half of the overall manufacturing cost of HSS metal cutting tools, while labor costs account for less than one-third of the total cost.

Key vendors

  •     Kennametal
  •     LMT Onsrud
  •     Nachi-Fujikoshi
  •     OSG
  •     Sandvik Coromant

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Product Type

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

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Source:businesswire.com