Tooling Market Size, Share, Industry Statistics, Trends, Analysis, Outlook and Forecast 2022-2027

Tooling Market
Tooling Market

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 global tooling market outlook. 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 represents the process of developing and engineering tools that are required for producing numerous parts of machines. It comprises of dies, sheet metals, work holding and cutting tools, forging and extrusion machines, etc. Tooling assists machines in functioning correctly, reaching accurate results, and minimizing man-hours. It also delivers finished products within a specific tolerance that cannot be broken or degraded easily. Furthermore, tooling enables manufacturers to offer high-quality and customized items. As a result, it is widely utilized across several sectors, such as automotive, consumer electronics, plastics, construction, mining, etc.

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 growing adoption of these processes in the manufacturing industry is among the primary factors driving the tooling market. In addition to this, the increasing consumer reliance on electrical devices for carrying out everyday tasks conveniently is further propelling the market growth. Moreover, the inflating demand for renewable energy systems, such as wind power, solar energy, hydroelectricity plants, etc., is acting as another significant growth-inducing factor. Besides this, the elevating popularity of artificial intelligence (AI) technologies is augmenting the global market. Furthermore, the expanding requirement for plastics and the development of advanced biodegradable polymer materials are also positively influencing the market growth. Apart from this, the escalating demand for light commercial vehicles (LCVs), owing to the rising global oil prices, is anticipated to bolster the tooling market in the coming years.

Explore full report with table of contents:

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

Table of Contents:

1    Preface
2    Scope and Methodology

2.1    Objectives of the Study
2.2    Stakeholders
2.3    Data Sources
2.3.1    Primary Sources
2.3.2    Secondary Sources
2.4    Market Estimation
2.4.1    Bottom-Up Approach
2.4.2    Top-Down Approach
2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

4.1    Overview
4.2    Key Industry Trends
5    Global Tooling Market
5.1    Market Overview
5.2    Market Performance
5.3    Impact of COVID-19
5.4    Market Forecast
6    Market Breakup by Product Type
6.1    Dies and Molds
6.1.1 Market Trends
6.1.2 Market Forecast
6.2    Forging
6.2.1 Market Trends
6.2.2 Market Forecast
6.3    Jigs and Fixtures
6.3.1 Market Trends
6.3.2 Market Forecast
6.4    Machines Tools
6.4.1 Market Trends
6.4.2 Market Forecast
6.5    Gauges
6.5.1 Market Trends
6.5.2 Market Forecast
7    Market Breakup by Material Type
7.1    Stainless Steel
7.1.1 Market Trends
7.1.2 Market Forecast
7.2    Iron
7.2.1 Market Trends
7.2.2 Market Forecast
7.3    Aluminum
7.3.1 Market Trends
7.3.2 Market Forecast
7.4    Others
7.4.1 Market Trends
7.4.2 Market Forecast
8    Market Breakup by End Use Industry
8.1    Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2    Electronics and Electrical
8.2.1 Market Trends
8.2.2 Market Forecast
8.3    Aerospace, Marine and Defense
8.3.1 Market Trends
8.3.2 Market Forecast
8.4    Plastics Industry
8.4.1 Market Trends
8.4.2 Market Forecast
8.5    Construction and Mining
8.5.1 Market Trends
8.5.2 Market Forecast
8.6    Others
8.6.1 Market Trends
8.6.2 Market Forecast
9    Market Breakup by Region
9.1    North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2    Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3    Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4    Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5    Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10    SWOT Analysis
10.1    Overview
10.2    Strengths
10.3    Weaknesses
10.4    Opportunities
10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

12.1    Overview
12.2    Bargaining Power of Buyers
12.3    Bargaining Power of Suppliers
12.4    Degree of Competition
12.5    Threat of New Entrants
12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

14.1    Market Structure
14.2    Key Players
14.3    Profiles of Key Players
14.3.1    Agathon AG Company Overview Product Portfolio
14.3.2    Bharat Forge Limited Company Overview Product Portfolio Financials
14.3.3    Carlson Tool & Manufacturing Corp. Company Overview Product Portfolio
14.3.4    Doosan Machine Tools Co. Ltd. (DTR Automotive) Company Overview Product Portfolio
14.3.5    Godrej & Boyce Manufacturing Co. Ltd. Company Overview Product Portfolio
14.3.6    Omega Tool Corp Company Overview Product Portfolio
14.3.7    Samvardhana Motherson Group Company Overview Product Portfolio Financials
14.3.8    Sandvik AB Company Overview Product Portfolio Financials SWOT Analysis
14.3.9    Siemens AG Company Overview Product Portfolio Financials SWOT Analysis
14.3.10    Stratasys Direct Inc. Company Overview Product Portfolio
14.3.11    Unique Tool & Gauge Inc. Company Overview Product Portfolio
14.3.12    Yamazaki Mazak Corporation Company Overview Product Portfolio

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