NEW YORK, Sept. 24, 2021 /PRNewswire/ — The “HSS Metal Cutting Tools Market by Product and Geography – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering.
The HSS metal cutting tools market is estimated to grow by USD 3.45 billion during 2021-2025, growing at a CAGR of over 6%.
Factors such as the growing market for fabricated metal products and the demand for superior quality products and CNC machines will drive the growth of the HSS Metal Cutting Tools Market during 2021-2025. However, capital intensive nature of the market might hamper growth.
The growth in the automotive industry will have a positive impact on the growth of vendors. On the other hand, the slowdown in the Chinese economy is expected to reduce the growth potential in the…