The Global Tooling market size is estimated to reach $328 billion by 2026, growing at a CAGR of 7.6% over the forecast period of 2021-2026.
Tooling is the process of producing machine equipment and engineering tools needed for bulk production of parts used in larger machines, such as trucks and heavy engineering components. Tooling products are being considered the backbone of the end-use industries as the production and design of the tooling devices can directly affect the quality of various end-use industries.
Key Players in the Global Tooling Market consist of
Bharat Forge (India), Doosan Machine Tools (US),Carlson Tool & Manufacturing Corp (US),Omega Tool Corp (Canada),Godrej & Boyce Manufacturing Co. Ltd (India),Unique Tool & Gauge Inc (Canada),Yamazaki Mazak Corporation (US),Sandvik AB (Sweden),Samvardhana Motherson Group (US),Doosan Machine Tools (US),Kyocera (Japan)
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Report Coverage and Scope
The report "Global Tooling Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.
Tooling Market Product Type
· Dies and Molds
· Forming Tools
· Cutting Tools
· Gauges
· Jigs and Fixtures
· Others
Tooling Market Material Type
· Iron
· Aluminum
· Stainless Steel
· Copper
· Others
Tooling Market End User:
· Automotive
· Marine and Defense
· Construction and Mining
· Electronics and Electrical Aerospace
· Plastics Industry
· Others
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Geography
· North America
· Europe
· APAC
· RoW

Key Takeaways from Global Tooling Market Report:
o Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for product types, material types, end-use applications, and by different industry verticals.
o Understand the market dynamics – key driving factors, challenges, and hidden opportunities.
o Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
o Analyze the sales and distribution channels across key geographies to improve top-line revenues.
o Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes.
o Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years.
o Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.
Driver:
Growing demand for various tooling products in plants like power wind energy generation
The success of wind generation plants depends on the components used for achieving maximum output with cost-effectiveness, precision, performance, and durability. The top-of-the-line tooling products enable manufacturers to cut costs and manufacturing steps and facilitate the mass production of devices. Therefore, the key players are focusing on extensive research and development activities in advanced materials for contributing to the long-term efficiency of the devices in power generation plants.

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Challenge:
Fluctuations in raw material prices.
Price fluctuations can have a significant impact on manufacturers across the world. Even under the best circumstances, raw materials of tooling products represent a near-constant headache for companies. Companies have difficulty correctly judging the risk of fluctuating tooling products' raw material costs.

TOC:
Chapter 1 Tooling Market Overview
1.1 Product Overview and Scope of Tooling
1.2 Tooling Market Segmentation By Product Type
1.2.1 Dies and Molds
1.2.2 Forming Tools
1.2.3 Cutting Tools
1.2.4 Gauges
TOC CONTINUED…

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