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Tooling Market By Product Type (Dies and Molds, Forming Tools, Cutting Tools, Gauges, Jigs and Fixtures, Others,) By Material Type (Iron, Aluminium, Stainless Steel, Copper, Others,) By End User (Automotive, Marine and Defense, Construction and Mining, Electronics and Electrical Aerospace, Plastics Industry, Others) - Global Opportunity Analysis And Industry Forecast, 2021-2027

Categories: Construction and Manufacturing

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Global Tooling Market Overview 

The Global Tooling market size is estimated to reach $328 billion by 2026, growing at a CAGR of 7.6% over the forecast period of 2021-2026. Tooling is the process of producing machine equipment and engineering tools needed for bulk production of parts used in larger machines, such as trucks and heavy engineering components. Tooling products are being considered the backbone of the end-use industries as the production and design of the tooling devices can directly affect the quality of various end-use industries. The key players worldwide are focusing on developing customized tooling devices specifically designed to produce various products in several end-use industries, such as turbines, shafts, propellers, and others, as every manufacturing company requires tooling products for conducting the production process. Major factors driving the growth of the Tooling market include Growing demand for various tooling products in power energy generation plants. Rise in the adoption of dies and moulds in various end-use industries. The increase in research and development activities to introduce advanced and cost-efficient tooling devices.

 

Report Coverage and Scope

The report "Global Tooling Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

 

By Product Type

  • Dies and Molds
  • Forming Tools
  • Cutting Tools
  • Gauges
  • Jigs and Fixtures
  • Others

 

By Material Type

  • Iron
  • Aluminium
  • Stainless Steel
  • Copper
  • Others

 

By End User:

  • Automotive
  • Marine and Defense
  • Construction and Mining
  • Electronics and Electrical Aerospace
  • Plastics Industry
  • Others

 

Geography

  • North America
  • Europe
  • APAC
  • RoW

 

Key Takeaways from Global Tooling Market Report:

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for product types, material types, end-use applications, and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A's, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than the top 20 countries globally for the market.

 

By product type, the market for dies and moulds to grow at the highest CAGR during the forecast period

During the forecast period, the market for dies and moulds is predicted to develop at the fastest rate of XX%, and it also held the largest share in 2020. Dies and moulds are increasingly becoming essential to mass production in everyday manufacturing. Moulds are being implemented to shape resin and casting injection moulding, and dies are effectively used in stamping. The advancements in technology have led to the innovation of micron-order precision dies and moulds for contributing to the mass production of products with the same quality and shape in various areas.

 

By end-user, the Tooling market for the automotive industry to grow at the highest CAGR during the forecast period

During the projection period, the Tooling market for the automotive industry is predicted to develop at the fastest CAGR. The key companies worldwide are looking for various varieties of tool production due to the growing adoption of advanced tools in the automotive industry. Several companies are focusing on innovations in tooling product portfolios to develop more economical, stronger products, and can be used for a longer duration.

 

Europe to account for the largest market share during the forecast period

Europe held the largest share for the Global Tooling market in 2020, with a global market share of XX%. The demand for Tooling in Europe is growing owing to the rise in the production of automotive parts, such as engines, gearboxes, clutch housings, and other components. Furthermore, the growing adoption of various tooling products in the plastics industry and the growing demand from the electrical device manufacturers are propelling the key players in the region to develop advanced tooling products.

The Asia Pacific is set to be the fastest-growing over the period 2021-2026. The major drivers for the rapid growth of the Tooling market in the Asia Pacific are the growing adoption of dies and moulds in power and wind energy generation plants and the rise in the research and development activities to develop advanced tooling devices.

 

Market Dynamics

 

Driver:  Growing demand for various tooling products in power wind energy generation plants

The success of wind generation plants depends on the components used for achieving maximum output with cost-effectiveness, precision, performance, and durability. The top-of-the-line tooling products enable manufacturers to cut costs and manufacturing steps and facilitate the mass production of devices. The key players are focusing on extensive research and development activities in advanced materials for contributing to the long-term efficiency of the devices in power generation plants. Cutting tools are extensively adopted to remove an excess layer of material from the workpiece by shearing during machining to obtain desired size, shape, and accuracy and provide relative velocity between several mechanical and various other arrangements for cutting action tools in power generation plants across the world.

 

Challenge: Fluctuations in raw material prices.

Price fluctuations can have a significant impact on manufacturers across the world. Even under the best circumstances, raw materials of tooling products represent a near-constant headache for companies. Companies have a hard time correctly judging the risk of fluctuating tooling products raw material costs. Raw materials used to produce the machine tools have varying costs based on the demand for the material. Fluctuating the costs of raw materials dies and mould is hampering the demand in high-end manufacturing sectors, such as automotive and aerospace. Moreover, the growing fluctuations in the cost of raw materials, such as iron, copper, steel, and aluminium, impact producers' margin. During the projected period, the impact of this difficulty is predicted to be moderate.

 

Key Market Players

Key Players in the Global Tooling Market consist of Bharat Forge (India), Doosan Machine Tools (US), Carlson Tool & Manufacturing Corp (US), Omega Tool Corp (Canada), Godrej & Boyce Manufacturing Co. Ltd (India), Unique Tool & Gauge Inc (Canada), Yamazaki Mazak Corporation (US), Sandvik AB (Sweden), Samvardhana Motherson Group (US), Doosan Machine Tools (US), Kyocera (Japan) among others.

 

Recent Developments:

  • In April 2021, Kyocera has launched an innovative tooling solution EZ Bar Series, which is perfect for small manufacturing to offer a wide variety of applications. This series can make a boring one-shot process by making a 90-degree step that makes it a perfect addition to the innovative product series.

Chapter 1 Tooling Market Overview


1.1 Product Overview and Scope of Tooling


1.2 Tooling Market Segmentation By Product Type


1.2.1 Dies and Molds


1.2.2 Forming Tools


1.2.3 Cutting Tools


1.2.4 Gauges


1.2.5 Jigs and Fixtures


1.3 Tooling Market Segmentation By End User


1.3.1 Automotive


1.3.2 Marine and Defense


1.3.3 Construction and Mining


1.3.4 Electronics and Electrical Aerospace


1.3.5 Plastics Industry


1.4 Tooling Market Segmentation by Regions


1.4.1 North America


1.4.2 China


1.4.3 Europe


1.4.4 Southeast Asia


1.4.5 Japan


1.4.6 India


1.5 Global Market Size (Value) of Tooling (2015-2027)


 


Chapter 2 Global Economic Impact on Tooling Industry


2.1 Global Macroeconomic Environment Analysis


2.1.1 Global Macroeconomic Analysis


2.1.2 Global Macroeconomic Environment Development Trend


2.2 Global Macroeconomic Environment Analysis by Regions


 


Chapter 3 Global Tooling Market Competition by Manufacturers


3.1 Global Tooling Production and Share by Manufacturers (2021 and 2021)


3.2 Global Tooling Revenue and Share by Manufacturers (2021 and 2021)


3.3 Global Tooling Average Price by Manufacturers (2021 and 2021)


3.4 Manufacturers Tooling Manufacturing Base Distribution, Production Area and Product Type


3.5 Tooling Market Competitive Situation and Trends


3.5.1 Tooling Market Concentration Rate


3.5.2 Tooling Market Share of Top 3 and Top 5 Manufacturers


3.5.3 Mergers & Acquisitions, Expansion


 


Chapter 4 Global Tooling Production, Revenue (Value) by Region (2015-2021)


4.1 Global Tooling Production by Region (2015-2021)


4.2 Global Tooling Production Market Share by Region (2015-2021)


4.3 Global Tooling Revenue (Value) and Market Share by Region (2015-2021)


4.4 Global Tooling Production, Revenue, Price and Gross Margin (2015-2021)


4.5 North America Tooling Production, Revenue, Price and Gross Margin (2015-2021)


4.6 Europe Tooling Production, Revenue, Price and Gross Margin (2015-2021)


4.7 China Tooling Production, Revenue, Price and Gross Margin (2015-2021)


4.8 Japan Tooling Production, Revenue, Price and Gross Margin (2015-2021)


4.9 Southeast Asia Tooling Production, Revenue, Price and Gross Margin (2015-2021)


4.10 India Tooling Production, Revenue, Price and Gross Margin (2015-2021)


 


Chapter 5 Global Tooling Supply (Production), Consumption, Export, Import by Regions (2015-2021)


5.1 Global Tooling Consumption by Regions (2015-2021)


5.2 North America Tooling Production, Consumption, Export, Import by Regions (2015-2021)


5.3 Europe Tooling Production, Consumption, Export, Import by Regions (2015-2021)


5.4 China Tooling Production, Consumption, Export, Import by Regions (2015-2021)


5.5 Japan Tooling Production, Consumption, Export, Import by Regions (2015-2021)


5.6 Southeast Asia Tooling Production, Consumption, Export, Import by Regions (2015-2021)


5.7 India Tooling Production, Consumption, Export, Import by Regions (2015-2021)


 


Chapter 6 Global Tooling Production, Revenue (Value), Price Trend by Type


6.1 Global Tooling Production and Market Share by Type (2015-2021)


6.2 Global Tooling Revenue and Market Share by Type (2015-2021)


6.3 Global Tooling Price by Type (2015-2021)


6.4 Global Tooling Production Growth by Type (2015-2021)


 


Chapter 7 Global Tooling Market Analysis by Application


7.1 Global Tooling Consumption and Market Share by Application (2015-2021)


7.2 Global Tooling Consumption Growth Rate by Application (2015-2021)


7.3 Market Drivers and Opportunities


7.3.1 Potential Applications


7.3.2 Emerging Markets/Countries


 


Chapter 8 Tooling Manufacturing Cost Analysis


8.1 Tooling Key Raw Materials Analysis


8.1.1 Key Raw Materials


8.1.2 Price Trend of Key Raw Materials


8.1.3 Key Suppliers of Raw Materials


8.1.4 Market Concentration Rate of Raw Materials


8.2 Proportion of Manufacturing Cost Structure


8.2.1 Raw Materials


8.2.2 Labour Cost


8.2.3 Manufacturing Expenses


8.3 Manufacturing Process Analysis of Nano Diamond Battery


 


Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers


9.1 Tooling Industrial Chain Analysis


9.2 Upstream Raw Materials Sourcing


9.3 Raw Materials Sources of Tooling Major Manufacturers in 2021


9.4 Downstream Buyers


 


Chapter 10 Marketing Strategy Analysis, Distributors/Traders


10.1 Marketing Channel


10.1.1 Direct Marketing


10.1.2 Indirect Marketing


10.1.3 Marketing Channel Development Trend


10.2 Market Positioning


10.2.1 Pricing Strategy


10.2.2 Brand Strategy


10.2.3 Target Client


10.3 Distributors/Traders List


 


Chapter 11 Market Effect Factors Analysis


11.1 Technology Progress/Risk


11.1.1 Substitutes Threat


11.1.2 Technology Progress in Related Industry


11.2 Consumer Needs/Customer Preference Change


11.3 Economic/Political Environmental Change


 


Chapter 12 Global Tooling Market Forecast (2021-2027)


12.1 Global Tooling Production, Revenue Forecast (2021-2027)


12.2 Global Tooling Production, Consumption Forecast by Regions (2021-2027)


12.3 Global Tooling Production Forecast by Type (2021-2027)


12.4 Global Tooling Consumption Forecast by Application (2021-2027)


12.5 Tooling Price Forecast (2021-2027)


 


Chapter 13 Appendix    

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

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Tooling Market By Product Type (Dies and Molds, Fo...

RD Code : MC21