Press release
Tooling Market 2030: Emerging Trends and Global Demand to Reach $439,994.9 Mn, At a CAGR of 7.5%
Key drivers propelling the growth of the global market encompass heightened consumption of consumer electronics and electrical devices, a surge in demand for customized products, notably within the automotive sector, and the expansion of renewable energy systems.According to a new report published by Allied Market Research, titled, The global tooling market size was valued at $212,500.0 million in 2020, and is projected to reach $439,994.9 million by 2030, registering a CAGR of 7.5% from 2021 to 2030.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ ๐๐๐ญ ๐๐ง๐ฌ๐ข๐๐ ๐๐๐จ๐จ๐ฉ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ -๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ-๐ฌ๐๐ฆ๐ฉ๐ฅ๐/๐๐๐๐
This report furnishes a comprehensive examination of evolving market dynamics, prominent segments, the value chain, significant investment opportunities, regional outlooks, and the competitive landscape.
In 2020, the dies & molds segment emerged as the top revenue generator by product type.
Within end-user categories, the automotive segment led revenue generation in 2020.
Projections indicate that the Asia-Pacific region will exhibit the highest growth rate in the forthcoming years.
The report meticulously profiles key players in the tooling market, scrutinizing their strategies to offer insights into the competitive terrain of the industry.
Furthermore, it delves into an extensive analysis of prevailing trends and emerging prospects within the market.
Consequently, the escalating demand for wind power plants exerts significant pressure on manufacturing and tooling sectors, thereby fostering opportunities for advancements in modern tool manufacturing. Conversely, the advent of 3D printing poses challenges to the growth trajectory of the tooling market.
Moreover, the report provides a detailed segmentation of the global tooling market based on product type, end-user industry, and geographical region.
๐๐๐ค๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ: ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐-๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ/๐๐๐๐
Regarding product types, the dies & molds segment held the largest market share in 2020, contributing close to two-fifths of the total share and is anticipated to sustain its dominance throughout the forecast period. Nonetheless, the machine tools segment is poised to exhibit the highest compound annual growth rate (CAGR) of 8.2% from 2021 to 2030.
In terms of end-user industries, the automotive segment commanded the highest market share in 2020, accounting for over two-thirds of the global tooling market and is predicted to maintain its supremacy in the forecast period. Conversely, the electronics segment is forecasted to display the swiftest CAGR of 11.1% from 2021 to 2030.
Geographically, Europe seized the largest share in 2020, contributing nearly two-fifths of the total market share and is forecasted to uphold its dominance in revenue by 2030. However, the Asia-Pacific region is slated to witness the most substantial CAGR of 8.2% during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ-๐๐จ๐ซ-๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง/๐๐๐๐
๐๐๐๐๐ข๐ง๐ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Leading players of the global tooling market analyzed in the research include Bharat Forge, Doosan Machine Tools, Carlson Tool & Manufacturing Corp., Omega Tool Corp, Godrej & Boyce Manufacturing Co. Ltd., Samvardhana Motherson Group, Parpas S.p.A (GRUPPO PARPAS), Sandvik AB, Unique Tool & Gauge Inc., and Yamazaki Mazak Corporation.
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. 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 domain.
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