Global Tooling Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Dies & Molds, Forging, Jigs & Fixtures, Machine Tools and Gauges.

By Material;

Stainless Steel, Iron, Aluminum, and Others.

By End User;

Automotive, Electronics & Electrical, Aerospace, Marine, & Defense, Plastics , Construction & Mining and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn082315558 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Tooling Market (USD Million), 2021 - 2031

In the year 2024, the Global Tooling Market was valued at USD 9,371.43 million. The size of this market is expected to increase to USD 13,186.54 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The global tooling market encompasses a broad range of products used in the manufacturing process, including tools, dies, molds, and other equipment essential for shaping and producing components and products. Tooling is a critical component across various industries, such as automotive, aerospace, electronics, and consumer goods, due to its role in precision manufacturing and production efficiency.

As manufacturing technologies evolve, the tooling market has seen significant advancements. Innovations such as additive manufacturing and advanced materials have transformed traditional tooling methods, leading to more efficient and cost-effective production processes. This shift has enabled manufacturers to produce complex and customized parts with greater precision and speed, catering to the growing demands of modern industries.

The market's growth is driven by several factors, including increasing industrial automation, rising demand for high-quality products, and the expansion of manufacturing capabilities in emerging economies. Additionally, the push towards sustainable manufacturing practices has led to the development of eco-friendly tooling solutions, contributing to the market's evolution.

Geographically, the tooling market exhibits varied dynamics, with regions such as North America, Europe, and Asia-Pacific playing significant roles. North America remains a major market due to its established manufacturing base and technological advancements. Europe follows with a focus on high-precision tooling and innovation. Meanwhile, Asia-Pacific is witnessing rapid growth driven by its expanding industrial sector and increased investments in manufacturing technologies.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Material
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Tooling Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial automation
        2. Technological advancements
        3. Demand for high-quality products
      2. Restraints
        1. High initial investment costs
        2. Maintenance and operational expenses
        3. Technological obsolescence
      3. Opportunities
        1. Advancements in additive manufacturing
        2. Development of eco-friendly tooling solutions
        3. Expansion in emerging markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Tooling Market, By Product Type, 2021 - 2031 (USD Million)
      1. Dies & Molds
      2. Forging
      3. Jigs & Fixtures
      4. Machine Tools
      5. Gauges
    2. Global Tooling Market, By Material, 2021 - 2031 (USD Million)
      1. Stainless Steel
      2. Iron
      3. Aluminum
      4. Others
    3. Global Tooling Market, By End User, 2021 - 2031 (USD Million)
      1. Automotive
      2. Electronics & Electrical
      3. Aerospace, Marine, & Defense
      4. Plastics
      5. Construction & Mining
      6. Others
    4. Global Tooling Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bharat Forge
      2. Carlson Tool & Manufacturing Corp.
      3. Doosan Machine Tools
      4. Godrej & Boyce Manufacturing Co. Ltd.
      5. Omega Tool Corp
  7. Analyst Views
  8. Future Outlook of the Market