HSS Threading Tap Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 5% from 2026 to 2033, reaching USD 1.8 Billion by 2033.
The HSS Threading Tap market was valued at approximately USD 1.15 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. The increasing demand for precise threading tools across various industries, including automotive, aerospace, and manufacturing, is a major driver of market growth. The expansion of advanced manufacturing processes and the rise in CNC machine usage also contribute significantly to the market's development. As industries adopt more efficient and automated solutions, the need for high-quality threading taps such as HSS threading taps continues to surge. The market's growth is also fueled by the shift toward the replacement of traditional steel tools with high-speed steel options, which offer improved performance and durability under high heat and stress conditions. Regionally, North America and Europe hold significant shares of the HSS Threading Tap market, driven by well-established manufacturing sectors and technological advancements in the region. North America accounted for around 35% of the total market share in 2022, with the automotive and aerospace industries contributing significantly to the demand for precision tools. Europe followed closely, with a share of approximately 30%, owing to the presence of several leading industrial manufacturers. The Asia-Pacific region is expected to witness the highest growth during the forecast period, with a projected CAGR of 7.2%, as countries like China, India, and Japan experience rapid industrialization and demand for advanced manufacturing tools. Latin America and the Middle East & Africa are expected to grow steadily as emerging economies in these regions increase their industrial output and infrastructural investments.
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Dormer Pramet
TIVOLY
Kennametal
BOSCH
Celesa BLUEMASTER
HEPYC
Sandvik
Hoffmann
NACHI-FUJIKOSHI
IMCOINSA
VÖLKEL GmbH
GÃœHRING
Krino SpA
ISCAR
Emuge-Franken
Izar Cutting Tools
Van Ommen
RUKO
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global HSS Threading Tap Market
High-speed steel (HSS)
Cobalt HSS
Carbide
Coated HSS (TiN, TiAlN)
Metalworking Industry
Automotive Sector
Aerospace Manufacturing
Construction and Engineering
Consumer Appliance Production
Metric Threads
Unified Threads (Imperial)
Pipe Threads
Specialty Threads (e.g., Acme, Buttress)
Micro Taps (Sub 1mm)
Standard Taps (1mm - 20mm)
Large Taps (Above 20mm)
Custom-sized Taps
Small Size Enterprises (SMEs)
Large-scale Manufacturing Units
Tooling and Die Shops
Research and Development Units
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global HSS Threading Tap Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global HSS Threading Tap Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global HSS Threading Tap Market, By Type
6. Global HSS Threading Tap Market, By Application
7. Global HSS Threading Tap Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global HSS Threading Tap Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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