Global High Speed Steels Market (2025-2031) | Demand, Investment Trends, Outlook, Pricing Analysis, Trends, Segments, Growth, Competition, Opportunities, Strategic Insights, Share, Drivers, Size, Strategy, Value, Forecast, Analysis, Consumer Insights, Restraints, Companies, Segmentation, Revenue, Competitive, Challenges, Industry, Supply

Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia Pacific and Africa), By Type (Tungsten High Speed Steel, Molybdenum High Speed Steel, Cobalt High Speed Steel, Others), By Product Type (Metal Cutting Tools, Cold Working Tools, Others), By Production Method (Conventional HSS, Powder Metallurgy (PM) HSS, Spray Forming (SF) HSS), By Grade (M Grade, T Grade, Advance Grade), By End-user (Automotive Industry, Plastic Industry, Aerospace Industry, Energy Sector, Manufacturing, Mechanical Engineering, Construction, Others) And Competitive Landscape

Product Code: ETC13197651 Publication Date: Apr 2025 Updated Date: Jul 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 190 No. of Figures: 80 No. of Tables: 40

Global High Speed Steels Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the global high-speed steels (HSS) market size was valued at approximately USD 6.4 billion in 2024, with a projected compound annual growth rate (CAGR) of 7.2% through 2031. This growth is primarily driven by expanding applications in metal cutting tools, cold working tools, and other industrial applications.

Global High Speed Steels Market Highlights

Report Name Global High Speed Steels Market
Report Category / Coverage Global 
Forecast Period 2025-2031
CAGR 7.2%
Market Size USD 8.8 billion by 2031
Growing Sector Automotive

Topics Covered in the Global High Speed Steels Market Report

The Global High Speed Steels Market report thoroughly covers the market by Type, Product Type, Production Method, Grade, End-user, and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global High Speed Steels Market Synopsis

High-speed steels are advanced alloy steels known for their ability to cut materials rapidly due to their exceptional hardness, wear resistance, and high-temperature performance. These materials are primarily used in manufacturing cutting tools, drills, taps, reamers, broaches, and various industrial parts. The recent technological advancements in HSS production methods, such as powder metallurgy (PM) and spray forming (SF), have enhanced its efficiency and broadened its application scope. The market dynamics are influenced by innovations in material technology and a rise in demand for durable and high-performance tools.

Global High Speed Steels Market is expected to grow at a significant CAGR of 7.2% during the forecast period 2025-2031. One of the primary drivers of the global high-speed steels market is the growing demand for precision tools in industries such as automotive, aerospace, and energy. The automotive industry, in particular, has shown an increasing reliance on HSS tools for efficient and precise machining. Additionally, the rise of modern infrastructure projects globally has fueled the growth of HSS products in the construction and manufacturing sectors. Technological improvements in coatings and production methods, which improve the durability and performance of these tools, also serve as significant Global High Speed Steels Market growth factors.

Global High Speed Steels Market Challenges

Despite the promising growth, the global high-speed steels market faces several challenges. The higher cost of production compared to conventional materials is a significant barrier for some small-to-medium enterprises in adopting HSS solutions. Fluctuations in raw material prices, particularly tungsten and cobalt, negatively impact manufacturers' profit margins. Additionally, the competition from alternative materials such as carbide tools and ceramic tools, which offer similar or improved performance, creates pressure on HSS suppliers to remain competitive and innovative in their offerings.

Global High Speed Steels Market Trends

One of the key trends in the HSS market is the increased use of green production methods, including spray forming (SF) and powder metallurgy (PM). Manufacturers are also working to make production processes more sustainable by decreasing waste. The development of coated HSS tools that are heat-resistant and extend life expectancy is another evident trend. The emergence of e-commerce portals to distribute an HSS product, simplifying global market access for even, smaller buyers is an unexpected trend too. 

Investment Opportunities in the Global High Speed Steels Market

There is a wealth of investment opportunities for investors in the high speed steels market due to labor shortages, a demand for solutions, and new need for energy-efficient production solutions supporting expansion in various end-user industries. There is a tremendous amount of opportunity for manufacturers and suppliers to operate in developing economies in Africa and Asia due to emerging industrialization. Research and development investment to create more cost-effective, efficient and effective HSS solutions will also be an opening for businesses looking to reinforce their incumbent position.

Leading Players of the Global High Speed Steels Market 

Prominent companies in the HSS market include Sandvik AB, Kennametal Inc., Bohler Edelstahl GmbH, and OSG Corporation. These players are leading in innovation through partnerships, acquisitions, and the launch of advanced HSS products. For instance, Kennametal has introduced several innovative types of cutting tools using powder metallurgy, pushing the boundaries of efficiency and durability.

Government Regulations Introduced in the Global High Speed Steels Market 

The regulations enacted by governments around the world related to sustainable industrial performance have produced a number of impacts on the production and use of high-speed steels (HSS). For example, in the European Union, the REACH legislation on the production of steels has a clear emphasis on markedly reducing the environmental impact of steel making. Additionally, the U.S. government gives preferential treatment to processes and initiatives promoting advanced manufacturing applications, and funds projects related to metals and metallurgy (as it applies to sustainable practices). These regulatory inceptions have encouraged and incentivized producers of metal products to adopt cleaner, greener technologies and find ways to reduce and or eliminate waste.

Future Insights of the Global High Speed Steels Market

The future of the global HSS market appears bright, as there continues to be a focus on adopting smarter production processes. As manufacturers push to realize the full potential applications of HSS across so many different industries and applications, and breakthroughs in material science, including the use of nanotechnology and other advanced material coatings, should lead to greater efficiencies and longevity of HSS tools and accessory attachments. Emerging regions such as Africa and Latin America are expected to become important markets, as they continue to grow in terms of industrialization and infrastructure development. All of these factors are supporting the growth of the market.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories. 

Automotive to Dominate Market- By End-Users

The automotive industry leads the end-user segment, leveraging HSS tools for efficient machining processes and the production of critical components such as gears and engine parts.

Asia Pacific to Dominate Market- By Regions

According to Ravi Bhandari, Research Head, 6Wresearch, Asia-Pacific dominates the HSS market, led by China, Japan, and India. The region's dominance is attributed to its robust manufacturing and construction industries, paired with increasing investments in industrial automation.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2021 to 2024.
  • Base Year: 2024
  • Forecast Data until 2031.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Global High Speed Steels Market Outlook
  • Market Size of Global High Speed Steels Market, 2024
  • Forecast of Global High Speed Steels Market, 2031
  • Historical Data and Forecast of Global High Speed Steels Revenues & Volume for the Period 2021 - 2031
  • Global High Speed Steels Market Trend Evolution
  • Global High Speed Steels Market Drivers and Challenges
  • Global High Speed Steels Price Trends
  • Global High Speed Steels Porter's Five Forces
  • Global High Speed Steels Industry Life Cycle
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Tungsten High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Molybdenum High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Cobalt High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Product Type for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Metal Cutting Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Cold Working Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Production Method for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Conventional HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Powder Metallurgy (PM) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Spray Forming (SF) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By M Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By T Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Advance Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By End-user for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Automotive Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Plastic Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Aerospace Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Energy Sector for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Mechanical Engineering for the Period 2021 - 2031
  • Historical Data and Forecast of Global High Speed Steels Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Global Automotive Industry High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Tungsten High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Molybdenum High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Cobalt High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Product Type for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Metal Cutting Tools for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Cold Working Tools for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Production Method for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Conventional HSS for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Powder Metallurgy (PM) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Spray Forming (SF) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Grade for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By M Grade for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By T Grade for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Advance Grade for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By End-user for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Automotive Industry for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Plastic Industry for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Aerospace Industry for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Energy Sector for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Mechanical Engineering for the Period 2021 - 2031
  • Historical Data and Forecast of North America High Speed Steels Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of North America Automotive Industry High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of United States of America High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Canada High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of North America High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Tungsten High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Molybdenum High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Cobalt High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Product Type for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Metal Cutting Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Cold Working Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Production Method for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Conventional HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Powder Metallurgy (PM) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Spray Forming (SF) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By M Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By T Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Advance Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By End-user for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Automotive Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Plastic Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Aerospace Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Energy Sector for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Mechanical Engineering for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) High Speed Steels Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) Automotive Industry High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Brazil High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Mexico High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Argentina High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of LATAM High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Tungsten High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Molybdenum High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Cobalt High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Product Type for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Metal Cutting Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Cold Working Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Production Method for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Conventional HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Powder Metallurgy (PM) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Spray Forming (SF) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By M Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By T Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Advance Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By End-user for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Automotive Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Plastic Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Aerospace Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Energy Sector for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Mechanical Engineering for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific High Speed Steels Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Asia Pacific Automotive Industry High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of China High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of India High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Japan High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Asia Pacific High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Tungsten High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Molybdenum High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Cobalt High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Product Type for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Metal Cutting Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Cold Working Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Production Method for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Conventional HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Powder Metallurgy (PM) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Spray Forming (SF) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By M Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By T Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Advance Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By End-user for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Automotive Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Plastic Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Aerospace Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Energy Sector for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Mechanical Engineering for the Period 2021 - 2031
  • Historical Data and Forecast of Africa High Speed Steels Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Africa Automotive Industry High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of South Africa High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Nigeria High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Egypt High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Africa High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Tungsten High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Molybdenum High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Cobalt High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Product Type for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Metal Cutting Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Cold Working Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Production Method for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Conventional HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Powder Metallurgy (PM) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Spray Forming (SF) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By M Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By T Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Advance Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By End-user for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Automotive Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Plastic Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Aerospace Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Energy Sector for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Mechanical Engineering for the Period 2021 - 2031
  • Historical Data and Forecast of Europe High Speed Steels Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Europe Automotive Industry High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of United Kingdom High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of France High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Germany High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Europe High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Type for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Tungsten High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Molybdenum High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Cobalt High Speed Steel for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Product Type for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Metal Cutting Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Cold Working Tools for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Production Method for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Conventional HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Powder Metallurgy (PM) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Spray Forming (SF) HSS for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By M Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By T Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Advance Grade for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By End-user for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Automotive Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Plastic Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Aerospace Industry for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Energy Sector for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Mechanical Engineering for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East High Speed Steels Market Revenues & Volume By Construction for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East Automotive Industry High Speed Steels Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Saudi Arabia High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of UAE High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Turkey High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Middle East High Speed Steels Market Revenues & Volume for the Period 2021 - 2031
  • Global High Speed Steels Market - Key Performance Indicators
  • Global High Speed Steels Market - Import Export Trade Statistics
  • Global High Speed Steels Market - Opportunity Assessment By Countries
  • Global High Speed Steels Market - Opportunity Assessment By Type
  • Global High Speed Steels Market - Opportunity Assessment By Product Type
  • Global High Speed Steels Market - Opportunity Assessment By Production Method
  • Global High Speed Steels Market - Opportunity Assessment By Grade
  • Global High Speed Steels Market - Opportunity Assessment By End-user
  • Global High Speed Steels Market - Top Companies Market Share
  • Global High Speed Steels Market - Top Companies Profiles
  • Global High Speed Steels Market - Comparison of Players in Technical and Operating Parameters
  • Global High Speed Steels Market - Strategic Recommendations

Markets Covered

The market report provides a detailed analysis of the following market segments:

By Regions and Countries

  • North America
  • Europe
  • LATAM
  • Middle East
  • Asia Pacific and Africa

By Type

  • Tungsten High Speed Steel
  • Molybdenum High Speed Steel
  • Cobalt High Speed Steel
  • Others

By Product Type

  • Metal Cutting Tools
  • Cold Working Tools
  • Others

By Production Method

  • Conventional HSS
  • Powder Metallurgy (PM) HSS
  • Spray Forming (SF) HSS

By Grade

  • M Grade
  • T Grade
  • Advance Grade

By End-user

  • Automotive Industry
  • Plastic Industry
  • Aerospace Industry
  • Energy Sector
  • Manufacturing
  • Mechanical Engineering
  • Construction
  • Others

Global High Speed Steels Market (2025-2031): FAQs

The expected CAGR of the Global High Speed Steels Market is approximately 7.2% during the forecast period.
The Global High Speed Steels Market size was valued at approx. USD 6.4 billion in 2024 and is projected to reach at approx. USD 8.8 billion by 2031.
The Global High Speed Steels Market size was valued at approx. USD 6.4 billion in 2024 and is projected to reach at approx. USD 8.8 billion by 2031.
The automotive industry is the largest end-user, followed by aerospace, manufacturing, and construction industries.
6Wresearch actively monitors the Global High Speed Steels Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Global High Speed Steels Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Global High Speed Steels Market Overview
3.1 Global Regional Macro Economic Indicators
3.2 Global High Speed Steels Market Revenues & Volume, 2021 & 2031F
3.3 Global High Speed Steels Market - Industry Life Cycle
3.4 Global High Speed Steels Market - Porter's Five Forces
3.5 Global High Speed Steels Market Revenues & Volume Share, By Regions, 2021 & 2031F
3.6 Global High Speed Steels Market Revenues & Volume Share, By Type, 2021 & 2031F
3.7 Global High Speed Steels Market Revenues & Volume Share, By Product Type, 2021 & 2031F
3.8 Global High Speed Steels Market Revenues & Volume Share, By Production Method, 2021 & 2031F
3.9 Global High Speed Steels Market Revenues & Volume Share, By Grade, 2021 & 2031F
3.10 Global High Speed Steels Market Revenues & Volume Share, By End-user, 2021 & 2031F
4 Global High Speed Steels Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Global High Speed Steels Market Trends
6 Global High Speed Steels Market, 2021 - 2031
6.1 Global High Speed Steels Market, Revenues & Volume, By Type, 2021 - 2031
6.1.1 Overview & Analysis
6.1.2 Global High Speed Steels Market, Revenues & Volume, By Tungsten High Speed Steel, 2021 - 2031
6.1.3 Global High Speed Steels Market, Revenues & Volume, By Molybdenum High Speed Steel, 2021 - 2031
6.1.4 Global High Speed Steels Market, Revenues & Volume, By Cobalt High Speed Steel, 2021 - 2031
6.1.5 Global High Speed Steels Market, Revenues & Volume, By Others, 2021 - 2031
6.2 Global High Speed Steels Market, Revenues & Volume, By Product Type, 2021 - 2031
6.2.1 Overview & Analysis
6.2.2 Global High Speed Steels Market, Revenues & Volume, By Metal Cutting Tools, 2021 - 2031
6.2.3 Global High Speed Steels Market, Revenues & Volume, By Cold Working Tools, 2021 - 2031
6.2.4 Global High Speed Steels Market, Revenues & Volume, By Others, 2021 - 2031
6.3 Global High Speed Steels Market, Revenues & Volume, By Production Method, 2021 - 2031
6.3.1 Overview & Analysis
6.3.2 Global High Speed Steels Market, Revenues & Volume, By Conventional HSS, 2021 - 2031
6.3.3 Global High Speed Steels Market, Revenues & Volume, By Powder Metallurgy (PM) HSS, 2021 - 2031
6.3.4 Global High Speed Steels Market, Revenues & Volume, By Spray Forming (SF) HSS, 2021 - 2031
6.4 Global High Speed Steels Market, Revenues & Volume, By Grade, 2021 - 2031
6.4.1 Overview & Analysis
6.4.2 Global High Speed Steels Market, Revenues & Volume, By M Grade, 2021 - 2031
6.4.3 Global High Speed Steels Market, Revenues & Volume, By T Grade, 2021 - 2031
6.4.4 Global High Speed Steels Market, Revenues & Volume, By Advance Grade, 2021 - 2031
6.5 Global High Speed Steels Market, Revenues & Volume, By End-user, 2021 - 2031
6.5.1 Overview & Analysis
6.5.2 Global High Speed Steels Market, Revenues & Volume, By Automotive Industry, 2021 - 2031
6.5.3 Global High Speed Steels Market, Revenues & Volume, By Plastic Industry, 2021 - 2031
6.5.4 Global High Speed Steels Market, Revenues & Volume, By Aerospace Industry, 2021 - 2031
6.5.5 Global High Speed Steels Market, Revenues & Volume, By Energy Sector, 2021 - 2031
6.5.6 Global High Speed Steels Market, Revenues & Volume, By Manufacturing, 2021 - 2031
6.5.7 Global High Speed Steels Market, Revenues & Volume, By Mechanical Engineering, 2021 - 2031
6.5.8 Global High Speed Steels Market, Revenues & Volume, By Construction, 2021 - 2031
6.5.9 Global High Speed Steels Market, Revenues & Volume, By Others, 2021 - 2031
7 North America High Speed Steels Market, Overview & Analysis
7.1 North America High Speed Steels Market Revenues & Volume, 2021 - 2031
7.2 North America High Speed Steels Market, Revenues & Volume, By Countries, 2021 - 2031
7.2.1 United States (US) High Speed Steels Market, Revenues & Volume, 2021 - 2031
7.2.2 Canada High Speed Steels Market, Revenues & Volume, 2021 - 2031
7.2.3 Rest of North America High Speed Steels Market, Revenues & Volume, 2021 - 2031
7.3 North America High Speed Steels Market, Revenues & Volume, By Type, 2021 - 2031
7.4 North America High Speed Steels Market, Revenues & Volume, By Product Type, 2021 - 2031
7.5 North America High Speed Steels Market, Revenues & Volume, By Production Method, 2021 - 2031
7.6 North America High Speed Steels Market, Revenues & Volume, By Grade, 2021 - 2031
7.7 North America High Speed Steels Market, Revenues & Volume, By End-user, 2021 - 2031
8 Latin America (LATAM) High Speed Steels Market, Overview & Analysis
8.1 Latin America (LATAM) High Speed Steels Market Revenues & Volume, 2021 - 2031
8.2 Latin America (LATAM) High Speed Steels Market, Revenues & Volume, By Countries, 2021 - 2031
8.2.1 Brazil High Speed Steels Market, Revenues & Volume, 2021 - 2031
8.2.2 Mexico High Speed Steels Market, Revenues & Volume, 2021 - 2031
8.2.3 Argentina High Speed Steels Market, Revenues & Volume, 2021 - 2031
8.2.4 Rest of LATAM High Speed Steels Market, Revenues & Volume, 2021 - 2031
8.3 Latin America (LATAM) High Speed Steels Market, Revenues & Volume, By Type, 2021 - 2031
8.4 Latin America (LATAM) High Speed Steels Market, Revenues & Volume, By Product Type, 2021 - 2031
8.5 Latin America (LATAM) High Speed Steels Market, Revenues & Volume, By Production Method, 2021 - 2031
8.6 Latin America (LATAM) High Speed Steels Market, Revenues & Volume, By Grade, 2021 - 2031
8.7 Latin America (LATAM) High Speed Steels Market, Revenues & Volume, By End-user, 2021 - 2031
9 Asia High Speed Steels Market, Overview & Analysis
9.1 Asia High Speed Steels Market Revenues & Volume, 2021 - 2031
9.2 Asia High Speed Steels Market, Revenues & Volume, By Countries, 2021 - 2031
9.2.1 India High Speed Steels Market, Revenues & Volume, 2021 - 2031
9.2.2 China High Speed Steels Market, Revenues & Volume, 2021 - 2031
9.2.3 Japan High Speed Steels Market, Revenues & Volume, 2021 - 2031
9.2.4 Rest of Asia High Speed Steels Market, Revenues & Volume, 2021 - 2031
9.3 Asia High Speed Steels Market, Revenues & Volume, By Type, 2021 - 2031
9.4 Asia High Speed Steels Market, Revenues & Volume, By Product Type, 2021 - 2031
9.5 Asia High Speed Steels Market, Revenues & Volume, By Production Method, 2021 - 2031
9.6 Asia High Speed Steels Market, Revenues & Volume, By Grade, 2021 - 2031
9.7 Asia High Speed Steels Market, Revenues & Volume, By End-user, 2021 - 2031
10 Africa High Speed Steels Market, Overview & Analysis
10.1 Africa High Speed Steels Market Revenues & Volume, 2021 - 2031
10.2 Africa High Speed Steels Market, Revenues & Volume, By Countries, 2021 - 2031
10.2.1 South Africa High Speed Steels Market, Revenues & Volume, 2021 - 2031
10.2.2 Egypt High Speed Steels Market, Revenues & Volume, 2021 - 2031
10.2.3 Nigeria High Speed Steels Market, Revenues & Volume, 2021 - 2031
10.2.4 Rest of Africa High Speed Steels Market, Revenues & Volume, 2021 - 2031
10.3 Africa High Speed Steels Market, Revenues & Volume, By Type, 2021 - 2031
10.4 Africa High Speed Steels Market, Revenues & Volume, By Product Type, 2021 - 2031
10.5 Africa High Speed Steels Market, Revenues & Volume, By Production Method, 2021 - 2031
10.6 Africa High Speed Steels Market, Revenues & Volume, By Grade, 2021 - 2031
10.7 Africa High Speed Steels Market, Revenues & Volume, By End-user, 2021 - 2031
11 Europe High Speed Steels Market, Overview & Analysis
11.1 Europe High Speed Steels Market Revenues & Volume, 2021 - 2031
11.2 Europe High Speed Steels Market, Revenues & Volume, By Countries, 2021 - 2031
11.2.1 United Kingdom High Speed Steels Market, Revenues & Volume, 2021 - 2031
11.2.2 Germany High Speed Steels Market, Revenues & Volume, 2021 - 2031
11.2.3 France High Speed Steels Market, Revenues & Volume, 2021 - 2031
11.2.4 Rest of Europe High Speed Steels Market, Revenues & Volume, 2021 - 2031
11.3 Europe High Speed Steels Market, Revenues & Volume, By Type, 2021 - 2031
11.4 Europe High Speed Steels Market, Revenues & Volume, By Product Type, 2021 - 2031
11.5 Europe High Speed Steels Market, Revenues & Volume, By Production Method, 2021 - 2031
11.6 Europe High Speed Steels Market, Revenues & Volume, By Grade, 2021 - 2031
11.7 Europe High Speed Steels Market, Revenues & Volume, By End-user, 2021 - 2031
12 Middle East High Speed Steels Market, Overview & Analysis
12.1 Middle East High Speed Steels Market Revenues & Volume, 2021 - 2031
12.2 Middle East High Speed Steels Market, Revenues & Volume, By Countries, 2021 - 2031
12.2.1 Saudi Arabia High Speed Steels Market, Revenues & Volume, 2021 - 2031
12.2.2 UAE High Speed Steels Market, Revenues & Volume, 2021 - 2031
12.2.3 Turkey High Speed Steels Market, Revenues & Volume, 2021 - 2031
12.3 Middle East High Speed Steels Market, Revenues & Volume, By Type, 2021 - 2031
12.4 Middle East High Speed Steels Market, Revenues & Volume, By Product Type, 2021 - 2031
12.5 Middle East High Speed Steels Market, Revenues & Volume, By Production Method, 2021 - 2031
12.6 Middle East High Speed Steels Market, Revenues & Volume, By Grade, 2021 - 2031
12.7 Middle East High Speed Steels Market, Revenues & Volume, By End-user, 2021 - 2031
13 Global High Speed Steels Market Key Performance Indicators
14 Global High Speed Steels Market - Export/Import By Countries Assessment
15 Global High Speed Steels Market - Opportunity Assessment
15.1 Global High Speed Steels Market Opportunity Assessment, By Countries, 2021 & 2031F
15.2 Global High Speed Steels Market Opportunity Assessment, By Type, 2021 & 2031F
15.3 Global High Speed Steels Market Opportunity Assessment, By Product Type, 2021 & 2031F
15.4 Global High Speed Steels Market Opportunity Assessment, By Production Method, 2021 & 2031F
15.5 Global High Speed Steels Market Opportunity Assessment, By Grade, 2021 & 2031F
15.6 Global High Speed Steels Market Opportunity Assessment, By End-user, 2021 & 2031F
16 Global High Speed Steels Market - Competitive Landscape
16.1 Global High Speed Steels Market Revenue Share, By Companies, 2024
16.2 Global High Speed Steels Market Competitive Benchmarking, By Operating and Technical Parameters
17 Top 10 Company Profiles
18 Recommendations
19 Disclaimer
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