Global machine tool steel industry expected to reach $9.8 billion by 2027 –


DUBLIN–(BUSINESS WIRE)–The report “Machine Tool Steel Market Research Report by Format Type, by Process, by Type, by Application, by Region – Global Forecast to 2027 – Cumulative Impact of COVID-19 ” has been added to from offer.

The global machine tool steel market size was estimated at USD 6,716.67 million in 2020 and is projected to reach USD 7,063.93 million in 2021, growing at a CAGR of 5.60% to reach 9,837, USD 36 million by 2027.

Competitive Strategy Window:

The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix assesses and ranks vendors in the Machine Tool Steel Market based on business strategy (business growth, industry coverage, financial viability, and channel support) and product satisfaction (value for money, ease of use, product features and customer). Support) that helps businesses make better decisions and understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of ​​its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.

The report provides information about the following pointers:

1. Market Penetration: Provides comprehensive information about the market offered by major players

2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments

3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments

4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players

5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the global machine tool steel market?

2. What are the inhibiting factors and impact of COVID-19 on the global machine tool steel market during the forecast period?

3. What are the products/segments/applications/areas to invest in during the forecast period in the global machine tool steel market?

4. What is the competitive strategic window for opportunities in the Global Machine Tool Steel Market?

5. What are the technology trends and regulatory frameworks in the global machine tool steel market?

6. What is the market share of the major vendors in the global machine tool steel market?

7. What modes and strategic moves are considered suitable for entering the global machine tool steel market?

Market dynamics


  • A booming automotive industry

  • Demand for high speed steels for the manufacture of cutting tools

  • Booming forging industry

  • Increase in the use of carbide-based cutting tools in end-use industries



  • Attractive opportunities in the shipbuilding and energy sectors

  • Wider reach in developing economies


  • Economic slowdown in the manufacturing sector in Europe and China

Companies cited

  • Baosteel Group

  • Eramet S.A.

  • Fushun Special Steel Co Ltd.


  • Hitachi Metals, Ltd.

  • HudsonGlobal, Inc.

  • Nachi-Fujikoshi Corp.

  • Pennsylvania Steel Company

  • Qilu Special Steel Co. Ltd.

  • Samuel, Son & Co, Limited

  • Sandvik Materials Technology AB


  • Universal Stainless Steel and Alloy Products Inc.

  • Voestalpine AG

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