Tool Steel Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the tool steel industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected tool steel market growth numbers from 2022-2031.
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The global tool steel market size is expected to grow from $5.05 billion in 2021 to $5.36 billion in 2022 at a compound annual growth rate (CAGR) of 6.2%. The global tool steel market share is expected to grow to $6.86 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%.
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The Tool Steel Global Market Report 2022-31 by The Business Research Company evaluates tool steel market size, growth rate, drivers, tool steel industry trends, and major companies.
The tool steel market segments in the report are:
1) By Product Type: Water-hardening, Cold-work, Shock-resisting, High speed, Hot-working, Special Purpose
2) By Material Type: Tungsten, Chromium, Vanadium, Molybdenum
3) By End Use: General Manufacturing, Automotive, Defense and Aerospace, Electronic and Electrical, Ship Building, Others
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