Tooling Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Tooling Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3419
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Market Overview:

The global tooling board market is expected to exhibit a CAGR of 3.9% during 2022-2027.

Tooling boards refer to modeling boards that are widely used for preparing prototype tools and master models. Mostly made from polyurethane and epoxy, they are widely replacing metal and wood counterparts for industrial tooling applications since these dimensionally stable boards assist in tooling jigs as well as building precise models and patterns. They offer a faster ramp rate, reduced operational costs and improved efficiency. These slabs are also characterized by enhanced machinability and can deliver improved outcomes within a limited time. As a result, they are increasingly being used in the manufacturing of various molds, models and master models, fixtures, laminates, castings, and other aids across the aerospace & defense, automotive, marine and construction sectors.

Tooling Board Industry Trends:

The global market is primarily driven by the increasing utilization of tooling boards for prototyping across various end use industries. This is facilitated by the reduced product lifecycles of numerous electronic products, continual technological advancements and the rising need for new product development. There is also an escalating demand for tooling boards in the automotive sector for prototyping advanced models of electric vehicles (EVs). Key automotive players are heavily investing in research and development (R&D) activities to enhance their products by technological augmentations. Supported by the inflating disposable income levels of the masses, changing lifestyle preferences and an enhanced focus on sustainable development, this is expected to provide an impetus to the market growth. Along with this, these boards are also being employed in the aerospace and defense industries due to the high dimensional stability and temperature resistance properties exhibited by them. Increasing defense budgets of various countries and a significant rise in air traffic are some of the factors contributing to the market growth. The market is further driven by the growing R&D spending in the marine sector for manufacturing models and prototypes of ships, boats, and vessels that are integrated with the latest technologies.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global tooling board market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material and application.

Breakup by Material:

  • Polyurethane
  • Epoxy Resins
  • Others
     

Breakup by Application:

  • Aerospace and Defense
  • Automotive
  • Marine
  • Wind Energy
  • 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 Alchemie Ltd., Alro Steel Corporation, Base Materials Ltd, Coastal Enterprises, Curbell Plastics Inc., General Plastic Manufacturing Co., Goldenwest Manufacturing Inc., Huntsman Corporation, OBO-Werke GmbH, RAMPF Holding GmbH & Co.KG, Sika AG and Trelleborg AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Material, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alchemie Ltd., Alro Steel Corporation, Base Materials Ltd, Coastal Enterprises, Curbell Plastics Inc., General Plastic Manufacturing Co., Goldenwest Manufacturing Inc., Huntsman Corporation, OBO-Werke GmbH, RAMPF Holding GmbH & Co.KG, Sika AG and Trelleborg AG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global tooling board market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global tooling board market?
  • What are the key regional markets?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global tooling board market and who are the key players?
  • What is the degree of competition in the industry?

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Tooling Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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