Tooling Market Report, Industry Overview, Size, Share, Growth and Forecast 2022-2027


Tooling market

The market is currently experiencing strong growth. The size of the global tooling market is expected to show moderate growth over the next five years.

SHERIDAN, WYOMING, USA, February 6, 2022 / — According to the latest report of the IMARC group titled ” Tooling market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the market is currently experiencing high growth. The global tooling market will show moderate growth over the next five years. Tooling represents the process of developing and engineering the tools needed to produce many machine parts. It includes dies, sheets, holding and cutting tools, forging and extrusion machines, etc. Tooling helps machines run smoothly, achieve accurate results, and minimize labor hours. It also delivers finished products within a specific tolerance that cannot be broken or degraded easily. Additionally, tooling allows manufacturers to offer high-quality, customized items. As a result, it is widely used in several industries, such as automotive, consumer electronics, plastics, construction, mining, etc.

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As the novel coronavirus (COVID-19) crisis engulfs the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.

Market trends:

The increasing adoption of these processes in the manufacturing industry is one of the major factors driving the tooling market. In addition to this, growing consumer reliance on electrical appliances to perform day-to-day tasks conveniently is further propelling the growth of the market. Moreover, the growing demand for renewable energy systems, such as wind power, solar power, hydroelectric power stations, etc., acts as another significant growth driver. Also, the rising popularity of artificial intelligence (AI) technologies is increasing the global market. Furthermore, the increasing requirement for plastics and the development of advanced biodegradable polymer materials are also positively influencing the growth of the market. Apart from this, the growing demand for light commercial vehicles (LCVs), owing to rising global oil prices, is expected to drive the tooling market in the coming years.

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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the key players.
• Agathon AG
• Bharat Forge Limited
• Carlson Tool & Manufacturing Corp.
• Doosan Machine Tools Co.Ltd. (DTR Automotive)
• Godrej & Boyce Manufacturing Co. Ltd.
• Omega Tool Corp.
• Samvardhana Motherson Group
• Sandvik AB
• Siemens AG
• Stratasys Direct Inc.
• Unique tool and gauge Inc.
• Yamazaki Mazak Corporation

Tooling market segmentation:
Our report has categorized the market based on region, product type, material type, and end-use industry.

Breakdown by product type:
• Dies and molds
• To forge
• Jigs and fixings
• Machine tools
• Gauges

Breakdown by type of material:
• Stainless steel
• Iron
• Aluminum
• Others

Breakdown by end-use industry:
• Automotive
• Electronic and electrical
• Aeronautics, Marine and Defense
• Plastics industry
• Construction and mining
• Others

Breakdown by region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

We update our reports, if you want the latest primary and secondary data (2022-2027) with cost module, business strategy, competitive landscape, etc. Click request a free sample report, the report will be delivered to you in PDF format via email within 24-48 hours after payment confirmation.

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