Feb 15, 2022   SOURCE: BusinessWire

The Worldwide Machine Tool Steel Industry is Expected to Reach $9.8 Billion by 2027 - ResearchAndMarkets.com

The "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" report has been added to ResearchAndMarkets.com's offering.

The Global Machine Tool Steel Market size was estimated at USD 6,716.67 million in 2020 and expected to reach USD 7,063.93 million in 2021, at a CAGR of 5.60% to reach USD 9,837.36 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the 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 aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

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

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on 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 shaping the Global Machine Tool Steel Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over 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 leading 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

Drivers

  • Growing automotive industry
  • Demand for high speed steels for manufacturing cutting tools
  • Growing forging industry
  • Increasing use of carbide-based cutting tools in end-use industries

Restraints

  • Fluctuating steel prices

Opportunities

  • Attractive opportunities in shipbuilding and energy sectors
  • Broader scope in developing economies

Challenges

  • Economic slowdown in the manufacturing sector of Europe and China

Companies Mentioned

  • Baosteel Group
  • Eramet SA
  • Fushun Special Steel Co Ltd.
  • GERDAU S.A
  • Hitachi Metals, Ltd.
  • Hudson Global, Inc.
  • Nachi-Fujikoshi Corp.
  • Pennsylvania Steel Company
  • Qilu Special Steel Co. Ltd.
  • Samuel, Son & Co., Limited
  • Sandvik Materials Technology AB
  • SCHMOLZ + BICKENBACH AG
  • Universal Stainless & Alloy Products Inc.
  • Voestalpine AG

For more information about this report visit https://www.researchandmarkets.com/r/6ncpik