Press release
Tooling Market Worth $368.5 Billion in 2026 | Key Drivers, Restraints and Opportunities
Tooling Market
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According to a new report published by Allied Market Research, titled, "Tooling Market by Type and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global tooling market size is expected to reach $368.5 billion in 2026, from $200.8 billion in 2018, growing at a CAGR of 8.0% from 2019 to 2026. In 2018, dies & molds dominated the market, in terms of revenue, accounting for over 36.8% share of the global tooling market.
The designing and manufacturing of these tools directly affects the production quality of the end-user industry. Moreover, every manufacturing company requires tooling to conduct the production process of parts manufactured for assembling the machine; therefore, the tooling industry is termed as the backbone of the manufacturing industry.
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Global Tooling Market Segments:
By Product Type
Dies & Molds
Forging
Jigs & Fixtures
Machine Tools
Gauges
By End-User Industry
Automotive
Electronics & Electrical
Aerospace, Marine, & Defense
Plastics
Construction & Mining
Others
By Region
North America
Europe
Asia-Pacific
LAMEA
Key Players
Bharat Forge
Carlson Tool & Manufacturing Corp.
Doosan Machine Tools
Godrej & Boyce Manufacturing Co. Ltd.
Omega Tool Corp
Parpas S.p.A (GRUPPO PARPAS)
Samvardhana Motherson Group
Unique Tool & Gauge Inc.
Sandvik AB
Yamazaki Mazak Corporation
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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