Tooling Market Growth, Global Survey and In-Depth Analysis Report 2022-2027

According to IMARC Group latest report titled "Tooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on tooling market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global tooling market reached a value of US$ 217.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 339.1 Billion by 2027 exhibiting a CAGR of 7.20% during 2022-2027.

Tooling is the method of producing or acquiring the components required for bulk production of parts used in bigger machines, such as automobiles, trucks, heavy engineering components, and others. It comprises the production of molds and dies (presses), forging, gauging, jigs, fixtures, and cutting tools for manufacturing different components, such as automotive parts, turbines, propellers, plastic components, and others. Every manufacturing company requires tooling to conduct the production process of parts manufactured for assembling the machine.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The global market is majorly driven by significant growth in the automotive and construction industries. In line with this, the increasing manufacturing of automotive parts, such as gearbox, engines, clutch housings, and other components, is positively influencing the market. Furthermore, the rising usage of high-speed steel tools due to faster speed and efficiency at higher temperatures is catalyzing the market. Several tooling vendors are focusing on innovation in their product portfolio and manufacturing products that are more economical, much more robust, and can be reused for a longer duration. Moreover, key players are focusing on developing customized tooling devices specifically designed to produce various products in several end-user industries. Besides this, the growing demand for different tooling products in power energy generation plants and the widespread adoption of dies and molds in various end-user industries are propelling the market. Additionally, extensive research and development activities to introduce advanced and cost-efficient tooling devices are also creating a positive outlook for the market.

Explore Full Report with Table of Contents: https://www.imarcgroup.com/tooling-market

Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.
• 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 & 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.

Breakup by Product Type:
• Dies and Molds
• Forging
• Jigs and Fixtures
• Machines Tools
• Gauges

Breakup by Material Type:
• Stainless Steel
• Iron
• Aluminum
• Others

Breakup by End Use Industry:
• Automotive
• Electronics and Electrical
• Aerospace, Marine and Defense
• Plastics Industry
• Construction and Mining
• Others

Breakup 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, Other)

Key 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
• Comprehensive Mapping of the Competitive Landscape

Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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