Automotive Tooling and Castings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Automotive Tooling (Molds) is the molds used for automotive components and parts manufacturing. Today, tooling is an integral part of the automotive manufacturing process. The current market is shifting from high-volume, low-mix vehicle production to low-volume, high-mix vehicle production. Every portion of a new car necessitates a one-of-a-kind tool. Casting is the method of pouring a liquid metal into a mould with precise dimensions to achieve the desired form. In the manufacturing world, casting is favoured because it is cost-effective and produces dimensionally correct parts. Various material technologies, such as stamping dies, casting, and rubber, are used in tooling for passenger car and commercial vehicle applications in the automotive tooling industry. New opportunities for various automotive tooling technologies are being created by rapid developments in advanced manufacturing technologies and lower raw material costs.

MARKET DYNAMICS

Metal-based stamping dies have given way to plastic-based tooling in recent years, resulting in a dramatic shift in automotive tooling technology. The emergence of new technologies such as stamping dies, casting, and plastic technologies is generating tremendous demand for the advanced tooling industry in different vehicle platforms to design and manufacture complex parts using a variety of machines. New opportunities for various automotive tooling technologies are being created by rapid developments in advanced manufacturing technologies and lower raw material costs.

MARKET SCOPE

The "Automotive tooling and castings market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation with a special focus on the global market trend analysis. The report aims to provide an overview of automotive tooling and castings market with detailed market segmentation by type, application, and geography. The global automotive tooling and castings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive tooling and castings market players and offers key trends and opportunities in the automotive tooling and castings market.

MARKET SEGMENTATION

The global automotive tooling and castings market is segmented on the basis of type, and application. On the basis of type, the market is segmented as stamping dies, casting, plastic, and others. On the basis of application, the market is segmented as passenger cars, and commercial cars.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive tooling and castings market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive tooling and castings market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting automotive tooling and castings market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive tooling and castings market in these regions.

MARKET PLAYERS

The reports cover key developments in the automotive tooling and castings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive tooling and castings market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive tooling and castings market. Below mentioned is the list of few companies engaged in the automotive tooling and castings market.

The report also includes the profiles of key automotive tooling and castings market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.

•   ACMA India
  
•   Botou Xingda Automobile Dies Manufacturing Co., Ltd.
  
•   Changzhou Huawei Mold Co., Ltd.
  
•   Greatoo Intelligent
  
•   Himile Group Co.,Ltd
  
•   Lucky Harvest Co., Ltd.
  
•   Rayhoo
  
•   Simoldes Tool Division
  
•   The Schaefer Group
  
•   Weber Manufacturing Technologies Inc
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Tooling and Castings Report Scope