| Product Code: ETC4805993 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Greece high-speed steels market, imports experienced a notable decline from 2023 to 2024, with a growth rate of -62.5%. The compound annual growth rate (CAGR) for imports in the period 2020-2024 stood at -31.96%. This substantial decrease can be attributed to shifts in demand dynamics or changes in trade policies affecting the market`s import momentum.
The Greece high-speed steels market is expanding due to the increasing demand for durable and high-performance tools in industries such as automotive, aerospace, and manufacturing. High-speed steels are used in the production of cutting tools, drills, and saws, and they offer superior wear resistance and heat resistance. The growth of these industries in Greece is contributing to the increasing demand for high-speed steels.
The high-speed steels market in Greece is driven by the increasing demand for cutting tools in industries such as automotive, manufacturing, and aerospace. High-speed steels are known for their ability to retain hardness and strength at elevated temperatures, making them essential for high-performance machining applications. The growth of precision engineering and the automotive sector, along with ongoing innovations in steel technology, supports the market`s expansion.
The Greece High-Speed Steels market faces challenges related to increasing raw material costs and competition from alternative materials like carbide and ceramics. Moreover, the market depends on the performance requirements of industries such as manufacturing, automotive, and toolmaking. Fluctuations in demand across these sectors can result in periods of reduced market activity, affecting steel manufacturers` profitability.
The High Speed Steels market in Greece is shaped by government policies promoting the growth of the manufacturing and automotive sectors. Policies encouraging technological advancements in materials science and manufacturing processes are driving the demand for high-speed steels. Additionally, regulations focused on improving the performance and efficiency of tools and machinery contribute to the use of high-speed steels in various applications, including automotive and aerospace industries.
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 Greece High Speed Steels Market Overview |
3.1 Greece Country Macro Economic Indicators |
3.2 Greece High Speed Steels Market Revenues & Volume, 2021 & 2031F |
3.3 Greece High Speed Steels Market - Industry Life Cycle |
3.4 Greece High Speed Steels Market - Porter's Five Forces |
3.5 Greece High Speed Steels Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Greece High Speed Steels Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Greece High Speed Steels Market Revenues & Volume Share, By Production Method, 2021 & 2031F |
3.8 Greece High Speed Steels Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.9 Greece High Speed Steels Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Greece High Speed Steels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increased demand for high speed steels in the manufacturing sector |
4.2.2 Technological advancements leading to improved quality and performance of high speed steels |
4.2.3 Growth in the automotive and aerospace industries driving the demand for high speed steels |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the cost of production |
4.3.2 Intense competition from substitute materials like carbide cutting tools |
4.3.3 Economic instability affecting investments in manufacturing industries |
5 Greece High Speed Steels Market Trends |
6 Greece High Speed Steels Market Segmentations |
6.1 Greece High Speed Steels Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Greece High Speed Steels Market Revenues & Volume, By Tungsten High Speed Steel, 2021-2031F |
6.1.3 Greece High Speed Steels Market Revenues & Volume, By Molybdenum High Speed Steel, 2021-2031F |
6.1.4 Greece High Speed Steels Market Revenues & Volume, By Cobalt High Speed Steel, 2021-2031F |
6.1.5 Greece High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
6.2 Greece High Speed Steels Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Greece High Speed Steels Market Revenues & Volume, By Metal Cutting Tools, 2021-2031F |
6.2.3 Greece High Speed Steels Market Revenues & Volume, By Cold Working Tools, 2021-2031F |
6.2.4 Greece High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
6.3 Greece High Speed Steels Market, By Production Method |
6.3.1 Overview and Analysis |
6.3.2 Greece High Speed Steels Market Revenues & Volume, By Conventional HSS, 2021-2031F |
6.3.3 Greece High Speed Steels Market Revenues & Volume, By Powder Metallurgy (PM) HSS, 2021-2031F |
6.3.4 Greece High Speed Steels Market Revenues & Volume, By Spray Forming (SF) HSS, 2021-2031F |
6.4 Greece High Speed Steels Market, By Grade |
6.4.1 Overview and Analysis |
6.4.2 Greece High Speed Steels Market Revenues & Volume, By M Grade, 2021-2031F |
6.4.3 Greece High Speed Steels Market Revenues & Volume, By T Grade, 2021-2031F |
6.4.4 Greece High Speed Steels Market Revenues & Volume, By Advance Grade, 2021-2031F |
6.5 Greece High Speed Steels Market, By End-user |
6.5.1 Overview and Analysis |
6.5.2 Greece High Speed Steels Market Revenues & Volume, By Automotive Industry, 2021-2031F |
6.5.3 Greece High Speed Steels Market Revenues & Volume, By Plastic Industry, 2021-2031F |
6.5.4 Greece High Speed Steels Market Revenues & Volume, By Aerospace Industry, 2021-2031F |
6.5.5 Greece High Speed Steels Market Revenues & Volume, By Energy Sector, 2021-2031F |
6.5.6 Greece High Speed Steels Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.5.7 Greece High Speed Steels Market Revenues & Volume, By Mechanical Engineering, 2021-2031F |
6.5.8 Greece High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
6.5.9 Greece High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
7 Greece High Speed Steels Market Import-Export Trade Statistics |
7.1 Greece High Speed Steels Market Export to Major Countries |
7.2 Greece High Speed Steels Market Imports from Major Countries |
8 Greece High Speed Steels Market Key Performance Indicators |
8.1 Research and development investment in high speed steel technologies |
8.2 Adoption rate of high speed steels in key industries |
8.3 Utilization rate of high speed steel production capacity |
9 Greece High Speed Steels Market - Opportunity Assessment |
9.1 Greece High Speed Steels Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Greece High Speed Steels Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Greece High Speed Steels Market Opportunity Assessment, By Production Method, 2021 & 2031F |
9.4 Greece High Speed Steels Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.5 Greece High Speed Steels Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Greece High Speed Steels Market - Competitive Landscape |
10.1 Greece High Speed Steels Market Revenue Share, By Companies, 2024 |
10.2 Greece High Speed Steels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |