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

Market Overview:

The global tooling market reached a value of US$ 217.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 339.1 Billion by 2027 exhibiting a CAGR of 7.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Tooling refers to the process of developing and engineering tools that are required for manufacturing different parts of machines. It comprises dies, sheet metal, work holding and cutting tools, forging and extrusion machines, and welding and inspection fixtures. It helps machines function properly, repeat results and reduce man-hours. In addition, it delivers finished products within a specific tolerance that cannot be broken and degraded easily. Besides this, it allows manufacturers to provide high-quality and customized products while keeping production costs low.

 

 
 

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Tooling Market Trends:

At present, there is a rise in the adoption of tooling in the manufacturing industry to produce parts of numerous machines. This, along with a considerable reliance on electrical devices for carrying out everyday tasks easily and conveniently, represents one of the key factors driving the market. Moreover, there is an increase in the customization of molds and dies that are used in automotive engines, fuel tanks, turbines, propellers, and shafts. This, coupled with the increasing renewable energy systems, such as wind power energy generation, solar energy generation, and hydro-electricity plants, is impelling the market growth. In addition, the rising automation and growing popularity of artificial intelligence (AI) technology are augmenting the adoption of tooling worldwide. Besides this, the burgeoning plastic industry and new developments in biodegradable polymer material are offering a positive outlook to industry investors. Additionally, the escalating demand for light commercial vehicles (LCVs) around the world on account of the inflating global oil prices is positively influencing the market. Furthermore, key market players are focusing on different varieties of tool production in the automotive industry. They are also focusing on expanding their product portfolio to offer more economical products.

Key Market Segmentation:

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

Breakup by Product Type:

 

 
 

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  • Dies and Molds
  • Forging
  • Jigs and Fixtures
  • Machines Tools
  • Gauges
     

Breakup by Material Type:

  • Stainless Steel
  • Iron
  • Aluminum
  • Others
     

Breakup by End Use Industry:

  • Automotive
  • Electronics and Electrical
  • Aerospace, Marine and Defense
  • Plastics Industry
  • Construction and Mining
  • Others
     

Breakup by Region:

 

 
 

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  • 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 Agathon AG, Bharat Forge Limited, Carlson Tool & Manufacturing Corp., Doosan Machine Tools Co. Ltd. (DTR Automotive), Godrej & Boyce Manufacturing Co. Ltd., Omega Tool Corp, Samvardhana Motherson Group, Sandvik AB, Siemens AG, Stratasys Direct Inc., Unique Tool & Gauge Inc. and Yamazaki Mazak Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Material Type, End Use Industry, 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 Agathon AG, Bharat Forge Limited, Carlson Tool & Manufacturing Corp., Doosan Machine Tools Co. Ltd. (DTR Automotive), Godrej & Boyce Manufacturing Co. Ltd., Omega Tool Corp, Samvardhana Motherson Group, Sandvik AB, Siemens AG, Stratasys Direct Inc., Unique Tool & Gauge Inc. and Yamazaki Mazak Corporation.
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)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Tooling Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Dies and Molds
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Forging
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Jigs and Fixtures
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Machines Tools
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Gauges
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Material Type
    7.1    Stainless Steel
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Iron
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Aluminum
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Automotive
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Electronics and Electrical
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Aerospace, Marine and Defense
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Plastics Industry
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Construction and Mining
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Agathon AG
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Bharat Forge Limited
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    Carlson Tool & Manufacturing Corp.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Doosan Machine Tools Co. Ltd. (DTR Automotive)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Godrej & Boyce Manufacturing Co. Ltd.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Omega Tool Corp
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Samvardhana Motherson Group
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Sandvik AB
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Siemens AG
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Stratasys Direct Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Unique Tool & Gauge Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Yamazaki Mazak Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Tooling Market: Major Drivers and Challenges
Figure 2: Global: Tooling Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Tooling Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Tooling Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Tooling Market: Breakup by Material Type (in %), 2021
Figure 6: Global: Tooling Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Tooling Market: Breakup by Region (in %), 2021
Figure 8: Global: Tooling (Dies and Molds) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Tooling (Dies and Molds) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Tooling (Forging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Tooling (Forging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Tooling (Jigs and Fixtures) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Tooling (Jigs and Fixtures) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Tooling (Machines Tools) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Tooling (Machines Tools) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Tooling (Gauges) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Tooling (Gauges) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Tooling (Stainless Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Tooling (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Tooling (Iron) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Tooling (Iron) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Tooling (Aluminum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Tooling (Aluminum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Tooling (Other Material Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Tooling (Other Material Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Tooling (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Tooling (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Tooling (Electronics and Electrical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Tooling (Electronics and Electrical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Tooling (Aerospace, Marine and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Tooling (Aerospace, Marine and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Tooling (Plastics Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Tooling (Plastics Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Tooling (Construction and Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Tooling (Construction and Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Tooling (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Tooling (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia-Pacific: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia-Pacific: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Tooling Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Tooling Market: Breakup by Country (in %), 2021
Figure 86: Middle East and Africa: Tooling Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Tooling Industry: SWOT Analysis
Figure 88: Global: Tooling Industry: Value Chain Analysis
Figure 89: Global: Tooling Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Tooling Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Tooling Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Tooling Market Forecast: Breakup by Material Type (in Million US$), 2022-2027
Table 4: Global: Tooling Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Tooling Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Tooling Market: Competitive Structure
Table 7: Global: Tooling Market: Key Players


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Key Questions Answered in This Report

The global tooling market was valued at US$ 217.3 Billion in 2021.

We expect the global tooling market to exhibit a CAGR of 7.20% during 2022-2027.

 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for tooling.

 

The rising adoption of tooling across the manufacturing industry to produce parts of various machines, along with providing high-quality and customized products, while keeping the production costs low, is primarily driving the global tooling market.

 

Based on the product type, the global tooling market has been segmented into dies and molds, forging, jigs and fixtures, machines tools, and gauges. Currently, dies and molds hold the majority of the total market share.

Based on the end use industry, the global tooling market can be divided into automotive, electronics and electrical, aerospace, marine and defense, plastics industry, construction and mining, and others. Among these, the automotive industry exhibits a clear dominance in the market.

 

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global tooling market include Agathon AG, Bharat Forge Limited, Carlson Tool & Manufacturing Corp., Doosan Machine Tools Co. Ltd. (DTR Automotive), Godrej & Boyce Manufacturing Co. Ltd., Omega Tool Corp, SamvardhanaMotherson Group, Sandvik AB, Siemens AG, Stratasys Direct Inc., Unique Tool & Gauge Inc., and Yamazaki Mazak Corporation.

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