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 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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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.