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Global High Speed Steel (HSS) Metal Cutting Tools Market Report 2021: Despite Strong Competition From Carbide Tools, HSS Metal Cutting Tools will Continue to Flourish

Global High Speed Steel (HSS) Metal Cutting Tools Market Report 2021: Despite Strong Competition From Carbide Tools, HSS Metal Cutting Tools will Continue to Flourish
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Tooling Market Featuring FRAISA SA, Guhring Inc , and others | $ 9 84 Bn Growth Expected During 2021-2025

Share this article NEW YORK, April 27, 2021 /PRNewswire/ The global tooling market is expected to grow by USD 9.84 billion, progressing at a CAGR of almost 5% during 2021-2025, according to Technavio s latest market research.  Technavio has announced its latest market research report titled Tooling Market by Product and Geography - Forecast and Analysis 2021-2025 Make confident decisions using our benchmarks and analysis. Read the 120-page report with TOC on Tooling Market Analysis Report by Product (Milling tools, Drills, Stationary tool inserts, Turning tools, and Others), Geography (APAC, North America, Europe, South America, and MEA), and the Segment Forecasts, 2021-2025 . Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions.

Global High Speed Steels Industry (2020 to 2027) - Key Market Trends and Drivers

Share this article Share this article ResearchAndMarkets.com s offering. Amid the COVID-19 crisis, the global market for High Speed Steels estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Metal Cutting Tools, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cold Working Tools segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

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