Die Steels Market Size, Statistics, Trend Analysis and Forecast Report, 2020 - 2027

Die Steels Market is segmented by Type (Hammer Forging Die, Hot Extrusion Die, Die casting Die), and by Application (Construction Industry, Industrial Equipment, Others), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

  • Report ID : MD2048
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  • Pages : 220
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  • Tables : 85
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  • Formats :

Die Steels Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.

Die Steels Market Growth and Trends

The global Die Steel market size is poised to reach USD 4629.7 million by 2026, from USD 3710 million in 2020, at a Compound annual growth rate of 3.8% during 2021-2026 which is its forecast period

Several factors driving the market further include:
• Industrialization in the construction sector that has diversified to carry out many functional activities
• Its ability to effectively expand the life of Aluminium die-cast molds without ant disruptions or uncertainties that will drive the market’s growth
• The increased manufacture of tools in the industries that are facing rapid urbanization across the world
• The rising adoption of infrastructure in cities with the elevating demand for industrial equipment, expansion of residential inhabitance and commercial sectors
• The rising population in the world with expanding markets that further bolsters the growth of the die steel market
• The larger assurance rates of durability for infrastructure utilizing this market with the facilitation of mass production in molded kinds of plastic
• These products possess high durability and allow mass production of molded plastics used in insulating commercial buildings, roofing, flooring with longer life spans in terms of developing cracks, holes or breaks, windows and doors which may further drive the market growth
• The expanding demand for metals and supports in automation factories, aviation, automotive and defense sectors in ample numbers
• The increasing numbers of investments made by foreign trading companies and many more on the market that has led to the growth in adoption of forged product made out of steel globally
• The vast numbers of benefits applied on the market products like solid strength, its hard properties, compactness and the ability to withstand high pressures and hot temperatures without breaking off with the slightest amount of heat it is exposed to that largely propels this market
• The requirements of equipment applications due to the high cutting speeds in the die steel market which makes it the ideal preference for most consumers on the look for increased functional operations in the cutting and molding sectors of tools that will further boost the necessity for the market
• The large increase in steel-incorporated tools like drills, gear cutters, steel blades and saw blades in mechanical tool based hardwares and companies specialized under the sector of steel works that will suddenly bring in a huge need for the die steel techniques
• Its ability to provide efficiency at task with the steel-incorporated tools, satisfactory thermal conductivity with the necessary amount of polishing alongside cost-efficiency that will further propel the growth of the die steel market
• The rising industrialization in industries like civil engineering and food packaging thus, taking up the market growth furthermore.


Some challenges striking the market include:
• The digitalization and rate of technological transitions rising due to which the market has come up with many new alternatives with less implications that those imposed by the die steel market due to which its market growth will decline unexpectedly
• The workforce in most countries declining due to increased expectations in automated technology. Laborers will leave their respective workplaces or sites due to work overload and lack of imported machinery to tackle with work faster and easily thus, reducing efficiency and hindering the market’s growth on a large-scale.
• The limitations in resources across the world which will compel some industries to shut down due to a lack of providing end-users with the necessary steel tools and equipment thus, bringing down the market growth with a high probability of losing the industry’s place certain companies vulnerable to shutting down holds
• The increasing consumer preferences for advanced cutting tools that are more abundant in nature and affordable to end-users across the world that will cut off the chances of them opting to buy more expensive and rare die-steel equipment that massively restrains the growth in the die steel market.

Die Steels Industry Regional Analysis

Die Steels Market Research Report Scope/Definition

For the purpose of this market research report, die steel is defined as steel made with alloy steel or plain steel. It is used to manufacture tools needed for various purposes such as chipping, cutting, sheering, stamping, punching, and many others. Die steels are of different types depending on how the die steel is manufactured.  Types of die steel in the market include hot work steel, cold work steels, Shock resistant, low carbon tool die steel, high speed die steel, and Plastic mold tool die steel. Various elements with alloying properties like chromium, vanadium, molybdenum, manganese, and tungsten are added to the plain or alloy steel to increase the strength of the die steel. These added elements make the plain steel more substantial and more challenging by providing stable carbides. The reasons die steel is popular is because of characters such; Low Cost. The cost of die steel is meager, making it easily fit into the budget of whoever intends to use them. High Hardness of die steel is another feature that attracts wide usage. The bare steel or the alloy steel is passed through various processes like water treatment and air treatment to make it hard.

Die Steels Market Share and Competition
Key companies operating in this industry are: Voestalpine, Daido Steel, Hitachi Metals, Arcelor Group, Aubert and Duval, Kind and Co., Nachi, Schmiede Werke Grfiditz, Sanyo, Special Steel, Nippon Koshuha Steel, Kalyani Carpenter, Baosteel, East Tool and Die, Fushun Special Steel AG, Ellwood Specialty Metals, Crucible Industries, Finkl Steel.

Die Steels Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Hammer Forging Die
• Hot Extrusion Die
• Die casting Die

Application Analysis (Revenue, USD Million, 2021 - 2028)
• Construction Industry
• Industrial Equipment
• Others

Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Die Steels Industry Companies
• Voestalpine
• Daido Steel
• Hitachi Metals
• Arcelor Group
• Aubert and Duval
• Kind and Co.
• Nachi
• Schmiede Werke Grfiditz
• Sanyo Special Steel
• Nippon Koshuha Steel
• Kalyani Carpenter
• Baosteel
• East Tool and Die
• Fushun Special Steel AG
• Ellwood Specialty Metals
• Crucible Industries
• Finkl Steel

Available Versions of Die Steels Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report



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