According to a market report by Lucintel, the future of the global tool and mould steel market looks promising with opportunities in the cutting tool, measuring tool, mold, and wear resistant tool markets. The global tool and mould steel market is expected to grow with a CAGR of 4.6% from 2025 to 2031. The major drivers for this market are rising demand in automotive industry, the growing manufacturing & industrial activities, and the increasing adoption of advanced technologies.
A more
than 150-page report to understand trends, opportunity and forecast in global tool
and mould steel market to 2031 by type (carbon tool & mold steel, alloy
tool & mold steel, and high speed tooling steel), application (cutting
tools, measuring tool, mold, wear resistant tools, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel
forecasts that, within the type category, alloy tool & mold steel is
expected to witness the highest growth over the forecast period.
Within the
application category, cutting tool is expected to witness the highest growth.
In terms
of region, APAC is expected to witness the highest growth over the forecast
period.
Download
sample by clicking on tool and mould
steel market.
ASSBA,
Voestalpine, Swiss Steel Group, Lucchini RS, DAIDO STEEL, EOS, Sanyo Special
Steel, Nippon Koshuha Steel, Nachi-Fujikoshi, BAOSHAN IRON & STEEL are the
major suppliers in the tool and
mould steel market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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