PUBLISHER: IMARC | PRODUCT CODE: 1287567
PUBLISHER: IMARC | PRODUCT CODE: 1287567
Tooling Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global tooling market size reached US$ 235.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 361.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
Tooling refers to the process of developing and engineering tools that are required for manufacturing different parts of machines. It comprises dies, sheet metal, work holding and cutting tools, forging and extrusion machines, and welding and inspection fixtures. It helps machines function properly, repeat results and reduce man-hours. In addition, it delivers finished products within a specific tolerance that cannot be broken and degraded easily. Besides this, it allows manufacturers to provide high-quality and customized products while keeping production costs low.
Tooling Market Trends:
At present, there is a rise in the adoption of tooling in the manufacturing industry to produce parts of numerous machines. This, along with a considerable reliance on electrical devices for carrying out everyday tasks easily and conveniently, represents one of the key factors driving the market. Moreover, there is an increase in the customization of molds and dies that are used in automotive engines, fuel tanks, turbines, propellers, and shafts. This, coupled with the increasing renewable energy systems, such as wind power energy generation, solar energy generation, and hydro-electricity plants, is impelling the market growth. In addition, the rising automation and growing popularity of artificial intelligence (AI) technology are augmenting the adoption of tooling worldwide. Besides this, the burgeoning plastic industry and new developments in biodegradable polymer material are offering a positive outlook to industry investors. Additionally, the escalating demand for light commercial vehicles (LCVs) around the world on account of the inflating global oil prices is positively influencing the market. Furthermore, key market players are focusing on different varieties of tool production in the automotive industry. They are also focusing on expanding their product portfolio to offer more economical products.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tooling market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles 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. and Yamazaki Mazak Corporation.
Key Questions Answered in This Report
1. What was the size of the global tooling market in 2022?
2. What is the expected growth rate of the global tooling market during 2023-2028?
3. What has been the impact of COVID-19 on the global tooling market?
4. What are the key factors driving the global tooling market?
5. What is the breakup of the global tooling market based on the product type?
6. What is the breakup of the global tooling market based on the end use industry?
7. What are the key regions in the global tooling market?
8. Who are the key players/companies in the global tooling market?
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
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 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
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Bharat Forge Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Carlson Tool & Manufacturing Corp.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Doosan Machine Tools Co. Ltd. (DTR Automotive)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Godrej & Boyce Manufacturing Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Omega Tool Corp
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Samvardhana Motherson Group
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Sandvik AB
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Siemens AG
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Stratasys Direct Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Unique Tool & Gauge Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Yamazaki Mazak Corporation
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Agathon AG
List of Figures
- Figure 1: Global: Tooling Market: Major Drivers and Challenges
- Figure 2: Global: Tooling Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Tooling Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Tooling Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Tooling Market: Breakup by Material Type (in %), 2022
- Figure 6: Global: Tooling Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Tooling Market: Breakup by Region (in %), 2022
- Figure 8: Global: Tooling (Dies and Molds) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Tooling (Dies and Molds) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Tooling (Forging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Tooling (Forging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Tooling (Jigs and Fixtures) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Tooling (Jigs and Fixtures) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Tooling (Machines Tools) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Tooling (Machines Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Tooling (Gauges) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Tooling (Gauges) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Tooling (Stainless Steel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Tooling (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Tooling (Iron) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Tooling (Iron) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Tooling (Aluminum) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Tooling (Aluminum) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Tooling (Other Material Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Tooling (Other Material Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Tooling (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Tooling (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Tooling (Electronics and Electrical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Tooling (Electronics and Electrical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Tooling (Aerospace, Marine and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Tooling (Aerospace, Marine and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Tooling (Plastics Industry) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Tooling (Plastics Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Tooling (Construction and Mining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Tooling (Construction and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Tooling (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Tooling (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: North America: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: North America: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: United States: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: United States: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Canada: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Canada: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Asia-Pacific: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Asia-Pacific: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: China: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: China: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Japan: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Japan: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: India: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: India: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: South Korea: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: South Korea: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Australia: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Australia: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Indonesia: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Indonesia: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Others: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Others: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Europe: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Europe: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Germany: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Germany: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: France: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: France: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: United Kingdom: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: United Kingdom: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Italy: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Italy: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Spain: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Spain: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Russia: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Russia: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Latin America: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Latin America: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Brazil: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Brazil: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Mexico: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Mexico: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Others: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Others: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Middle East and Africa: Tooling Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Middle East and Africa: Tooling Market: Breakup by Country (in %), 2022
- Figure 86: Middle East and Africa: Tooling Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Global: Tooling Industry: SWOT Analysis
- Figure 88: Global: Tooling Industry: Value Chain Analysis
- Figure 89: Global: Tooling Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Tooling Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Tooling Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Tooling Market Forecast: Breakup by Material Type (in Million US$), 2023-2028
- Table 4: Global: Tooling Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Tooling Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Tooling Market: Competitive Structure
- Table 7: Global: Tooling Market: Key Players
