Tooling is the process of producing manufacturing components that required for the production of parts; it includes the production of mold and dies, jig and fixture, gauges, and machine tools. Every different part requires a separate tool for production that raises demand for the tooling market. Increasing the production of automotive and aerospace industry across the globe requires different types of tool for manufacturing that grows demand for the tooling market. Growing production of the electrical and electronic component need machine tools and measurement gauges that also propel the growth of the tooling market.
MARKET DYNAMICS
Every manufacturing company requires tooling for the production of parts hence the demand for tooling market rising globally. The rise in the consumption of consumer electronics and electrical devices drive the growth of the global tooling market. However, the adoption of 3D printing technology hampers the growth of the tooling market. Growing demand for automotive products, and an increase in focus on product customizations. Also, the requirement of new mold and die, which required for the manufacturing of products such as engine part, fuel tanks, turbines, propellers, shafts, and others, drive the growth of the tooling market.
MARKET SCOPE
The "Global Tooling Market Analysis to 2031" is a specialized and in-depth study of the tooling industry with a special focus on the global market trend analysis. The report aims to provide an overview of tooling market with detailed market segmentation by type, end-user and geography. The global tooling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tooling market players and offers key trends and opportunities in the tooling market.
MARKET SEGMENTATION
The global tooling market is segmented on the basis of type, and end-user. On the basis of type the market is segmented as mold and die, jig and fixture, gauge, machine tool, and others. On the basis of end-user the market is segmented as automotive, aerospace, construction, defense and marine, electronics and electrical and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global tooling 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 tooling 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 tooling 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 tooling market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global tooling 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 tooling 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 tooling 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 tooling market in these regions.
MARKET PLAYERS
The reports cover key developments in the tooling 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 tooling market are anticipated to lucrative growth opportunities in the future with the rising demand for tooling market. Below mentioned is the list of few companies engaged in the tooling market.
The report also includes the profiles of key tooling 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.
- ACG
- AutoForm
- Godrej Tooling
- Gurit
- Hanjiang Tool Co.
- Kennametal
- LMT Onsrud LP.
- OC Oerlikon
- Omega Tool Corp.
- Sandvik AB
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Tooling Market - By Type
1.3.2 Tooling Market - By End-user
1.3.3 Tooling Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. TOOLING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. TOOLING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. TOOLING MARKET - GLOBAL MARKET ANALYSIS
6.1. TOOLING - GLOBAL MARKET OVERVIEW
6.2. TOOLING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TOOLING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MOLD AND DIE
7.3.1. Overview
7.3.2. Mold and Die Market Forecast and Analysis
7.4. JIG AND FIXTURE
7.4.1. Overview
7.4.2. Jig and Fixture Market Forecast and Analysis
7.5. GAUGE
7.5.1. Overview
7.5.2. Gauge Market Forecast and Analysis
7.6. MACHINE TOOL
7.6.1. Overview
7.6.2. Machine Tool Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. TOOLING MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. AEROSPACE
8.4.1. Overview
8.4.2. Aerospace Market Forecast and Analysis
8.5. CONSTRUCTION
8.5.1. Overview
8.5.2. Construction Market Forecast and Analysis
8.6. DEFENSE AND MARINE
8.6.1. Overview
8.6.2. Defense and Marine Market Forecast and Analysis
8.7. ELECTRONICS AND ELECTRICAL
8.7.1. Overview
8.7.2. Electronics and Electrical Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. TOOLING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Tooling Market Overview
9.1.2 North America Tooling Market Forecasts and Analysis
9.1.3 North America Tooling Market Forecasts and Analysis - By Type
9.1.4 North America Tooling Market Forecasts and Analysis - By End-user
9.1.5 North America Tooling Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Tooling Market
9.1.5.1.1 Canada Tooling Market by Type
9.1.5.1.2 Canada Tooling Market by End-user
9.1.5.2 Mexico Tooling Market
9.1.5.2.1 Mexico Tooling Market by Type
9.1.5.2.2 Mexico Tooling Market by End-user
9.1.5.3 US Tooling Market
9.1.5.3.1 US Tooling Market by Type
9.1.5.3.2 US Tooling Market by End-user
9.2. EUROPE
9.2.1 Europe Tooling Market Overview
9.2.2 Europe Tooling Market Forecasts and Analysis
9.2.3 Europe Tooling Market Forecasts and Analysis - By Type
9.2.4 Europe Tooling Market Forecasts and Analysis - By End-user
9.2.5 Europe Tooling Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Tooling Market
9.2.5.1.1 Germany Tooling Market by Type
9.2.5.1.2 Germany Tooling Market by End-user
9.2.5.2 France Tooling Market
9.2.5.2.1 France Tooling Market by Type
9.2.5.2.2 France Tooling Market by End-user
9.2.5.3 Italy Tooling Market
9.2.5.3.1 Italy Tooling Market by Type
9.2.5.3.2 Italy Tooling Market by End-user
9.2.5.4 United Kingdom Tooling Market
9.2.5.4.1 United Kingdom Tooling Market by Type
9.2.5.4.2 United Kingdom Tooling Market by End-user
9.2.5.5 Russia Tooling Market
9.2.5.5.1 Russia Tooling Market by Type
9.2.5.5.2 Russia Tooling Market by End-user
9.2.5.6 Rest of Europe Tooling Market
9.2.5.6.1 Rest of Europe Tooling Market by Type
9.2.5.6.2 Rest of Europe Tooling Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Tooling Market Overview
9.3.2 Asia-Pacific Tooling Market Forecasts and Analysis
9.3.3 Asia-Pacific Tooling Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Tooling Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Tooling Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Tooling Market
9.3.5.1.1 Australia Tooling Market by Type
9.3.5.1.2 Australia Tooling Market by End-user
9.3.5.2 China Tooling Market
9.3.5.2.1 China Tooling Market by Type
9.3.5.2.2 China Tooling Market by End-user
9.3.5.3 India Tooling Market
9.3.5.3.1 India Tooling Market by Type
9.3.5.3.2 India Tooling Market by End-user
9.3.5.4 Japan Tooling Market
9.3.5.4.1 Japan Tooling Market by Type
9.3.5.4.2 Japan Tooling Market by End-user
9.3.5.5 South Korea Tooling Market
9.3.5.5.1 South Korea Tooling Market by Type
9.3.5.5.2 South Korea Tooling Market by End-user
9.3.5.6 Rest of Asia-Pacific Tooling Market
9.3.5.6.1 Rest of Asia-Pacific Tooling Market by Type
9.3.5.6.2 Rest of Asia-Pacific Tooling Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Tooling Market Overview
9.4.2 Middle East and Africa Tooling Market Forecasts and Analysis
9.4.3 Middle East and Africa Tooling Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Tooling Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Tooling Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Tooling Market
9.4.5.1.1 South Africa Tooling Market by Type
9.4.5.1.2 South Africa Tooling Market by End-user
9.4.5.2 Saudi Arabia Tooling Market
9.4.5.2.1 Saudi Arabia Tooling Market by Type
9.4.5.2.2 Saudi Arabia Tooling Market by End-user
9.4.5.3 U.A.E Tooling Market
9.4.5.3.1 U.A.E Tooling Market by Type
9.4.5.3.2 U.A.E Tooling Market by End-user
9.4.5.4 Rest of Middle East and Africa Tooling Market
9.4.5.4.1 Rest of Middle East and Africa Tooling Market by Type
9.4.5.4.2 Rest of Middle East and Africa Tooling Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Tooling Market Overview
9.5.2 South and Central America Tooling Market Forecasts and Analysis
9.5.3 South and Central America Tooling Market Forecasts and Analysis - By Type
9.5.4 South and Central America Tooling Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Tooling Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Tooling Market
9.5.5.1.1 Brazil Tooling Market by Type
9.5.5.1.2 Brazil Tooling Market by End-user
9.5.5.2 Argentina Tooling Market
9.5.5.2.1 Argentina Tooling Market by Type
9.5.5.2.2 Argentina Tooling Market by End-user
9.5.5.3 Rest of South and Central America Tooling Market
9.5.5.3.1 Rest of South and Central America Tooling Market by Type
9.5.5.3.2 Rest of South and Central America Tooling Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. TOOLING MARKET, KEY COMPANY PROFILES
11.1. ACG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AUTOFORM
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GODREJ TOOLING
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GURIT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HANJIANG TOOL CO.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KENNAMETAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LMT ONSRUD LP.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OC OERLIKON
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OMEGA TOOL CORP.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SANDVIK AB
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ACG
2. AutoForm
3. Godrej Tooling
4. Gurit
5. Hanjiang Tool Co.
6. Kennametal
7. LMT Onsrud LP.
8. OC Oerlikon
9. Omega Tool Corp.
10. Sandvik AB
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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