Tooling Board Market is Forecasted to Reach USD 0.4 Billion in 2026, Says Stratview Research

The global Tooling Board Market is projected to witness a growth rate of 6.1% annually from 2021 to 2026, with an anticipated size of USD 0.4 billion in 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Tooling Board Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/1849/tooling-board-market.html#form

Report Highlights: `
Market Size in 2026: USD 0.4 billion
Growth (CAGR): 6.1% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Tooling Board Market:
The global Tooling Board Market is segmented end-use industry type, product type, application type, density type & Region

Based on end-use industry type: The tooling board market is segmented as transportation, aerospace, wind energy, marine, and others. Despite a massive nosedive in 2020, transportation is expected to remain the largest segment of the market during the forecast period. The wide usage of tooling boards for making composite tools, parts, and molds for automotive and motorsports have led to a huge dominance of the segment in the total market. The aerospace industry also holds a sizeable market demand with substantial usage of epoxy tooling boards in the industry for composite applications.

Based on application type: The market is segmented as composite applications and non-composites applications. Non-Composite application is expected to remain the larger segment of the market during the forecast period in the wake of their wide use in tooling applications. The non-composite application segment is further divided into the use type as design & styling, model & tooling, and others. Among non-composite applications, the model & tooling segment holds a significant dominance and will continue to dominate due to its suitability for making master models and molds for different end-use industries. Composite tooling board holds a smaller share but represents strong growth potential during the forecast period.

Based on density type: The market is segmented as 600-800 kg/m3, 800-1000 kg/m3, and above 1000 kg/m3. The 600-800 kg/m3 segment is likely to maintain its dominance during the forecast period due to its suitability towards a wide range of temperatures for making master models and patterns in different end-use industries, making it the most suitable tooling board segment.

Regional Analysis
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1849/tooling-board-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Europe is expected to remain the largest market for tooling boards during the forecast period. This growth outlook is majorly attributed to the following-
On the other hand, Asia-Pacific is rich with lucrative growth opportunities over the forecast period as China and India are the key emerging countries with soaring demand for tooling boards. Different regions are dominant in different market segments. For instance, the aerospace and marine market segments are dominated by the North American region, whereas the transportation (including motorsports) market segment is dominated by the European region.

Tooling Board Market Drivers:
The growth of the Tooling Board Market is driven by several factors.
• To meet the growing population demand, electricity generation is also growing. For instance, global renewable electricity generation is forecast to climb to over 17,000 TWh by 2030, an increase of almost 90% from 2023, with wind energy being one of the leading energy sources. To enhance turbine productivity, manufacturers are developing larger blades and taller towers, which in turn drives the demand for tooling boards used in producing molds and related components for these turbines
• The automotive and the aerospace industries are the major end users of the tooling board. Tooling boards are utilized in both the industries extensively since they are essential to keep these specific tools organised and stored. As these sectors expand, there will be an increasing focus on efficient tools and reliable tooling solutions to support advanced manufacturing technologies and enhance production capabilities.

Top 10 Companies in the Tooling Board Market:
Stratview Research has identified the following companies as the top market players:
• AIP Aerospace, Inc. (American Industrial Partners)
• Trelleborg AB (Trelleborg Applied Technologies)
• Base Group
• Rampf Group, Inc.
• Huntsman Advanced Materials
• Sika Axson
• Polytek Development Corporation (BCC)
• China Guangzhou Lihong Mould Material Co. Ltd.
• Alchemie Ltd
• Elantas (Part of Atlanta)
• Coastal Enterprises (Precision Board).

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Tooling Board Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Epoxy Tooling Board Market: https://www.stratviewresearch.com/967/epoxy-tooling-board-market.html
• Tooling Market for the Composites Industry: https://www.stratviewresearch.com/193/tooling-market-for-composites-industry.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.