Tooling Market Demand & Future Growth Analysis by 2026 | Key Drivers, Restraints & Opportunity

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.

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Tooling Market by Product Type (Dies & Molds, Forging, Jigs & Fixtures, Machine Tools, and Gauges) and End-User Industry (Automotive, Electronics & Electrical, Aerospace, Marine & Defense, Plastics, Construction & Mining, and Others)

Many competitive players are investing in the automotive sector, which is anticipated to boost the demand for machine tools and dies & molds; thereby, boosting the growth of the tooling market. The automotive segment is projected to generate the highest market revenue during the forecast period, owing to increased installation in the automation industry. Moreover, Europe serves as the productive region with diverse industry verticals significantly investing in automotive and manufacturing industries.

Competition Analysis

The key market players profiled in the report include 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, and Yamazaki Mazak Corporation.

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Key Benefits for Tooling Market :

The report provides an extensive analysis of the current and emerging global tooling market trends and dynamics.

In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2018 and 2026.

Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.

The global tooling market forecast analysis from 2019 to 2026 is included in the report.

The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.

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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.

This release was published on openPR.