Global High Speed Steel Metal Cutting ToolsIndustry Analysis
TechNavio's analysts forecast the Global High Speed Steel Metal Cutting Tools market to grow at a CAGR of 10.13 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to develop superior-quality products. The Global High Speed Steel Metal Cutting Tools market has also been witnessing a reduction in the cost of high speed steel (HSS) metal-cutting tools. However, the increase in preference for carbide metal-cutting tools could pose a challenge to the growth of this market.
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