Global Automotive Tooling (Molds) Market Growth 2024-2030
Automotive Tooling (Molds) market size was valued at US$ 35390 million in 2023 and is estimated to reach US$ 48370 million by 2030 with a CAGR of 4.6% during the review period.
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According to Publisher’s latest study, the global Automotive Tooling (Molds) market size was valued at US$ 35390 million in 2023. With the growing demand in the downstream market, the Automotive Tooling (Molds) is forecast to a readjusted size of US$ 48370 million by 2030 with a CAGR of 4.6% during the review period.
Market Overview
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The research report highlights the growth potential of the global Automotive Tooling (Molds) market. Automotive Tooling (Molds) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimisation remain crucial for the widespread adoption of Automotive Tooling (Molds). Market players must invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalise on the immense opportunities presented by the Automotive Tooling (Molds) market.
Automotive Tooling (Molds) is the moulds used for automotive components and parts manufacturing.
Key Features:
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Manmayi Raval
Research Consultant
Market Drivers: Growing Vehicle manufacturing: The need for automotive tooling is being driven by the increase in vehicle manufacturing worldwide, particularly in emerging countries.
Technological Innovations: The accuracy and efficiency of tooling operations are being improved by advancements in manufacturing technology, including automation, 3D printing, and sophisticated materials.
Electric and driverless Vehicles: As more people choose for electric and driverless vehicles, there is a need for specialized tooling to manufacture sophisticated components.
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Customisation and Personalization: To create distinctive and different automobile parts, the expanding trend of car customisation and personalization calls for specialized machinery.
Efficiency and Sustainability: The adoption of sophisticated tooling solutions that lower waste and energy consumption is being fueled by a growing emphasis on efficiency and sustainability in manufacturing processes.
Government rules: In order to comply with strict government rules pertaining to fuel economy, pollution, and vehicle safety, manufacturers are being pushed to use modern tooling technology.
Challenges: High Initial Costs: For small and medium-sized businesses in particular, the high capital expenditure needed for sophisticated tooling equipment and technologies can be a deterrent to market expansion.
Complexity of Tooling operations: Manufacturers face difficulties due to the intricate nature of tooling operations, which need for highly skilled people and cutting-edge technologies.
Variable Raw Material Prices: Production costs and profitability may be impacted by fluctuations in the price of raw materials like steel and aluminum.
Economic Uncertainty: Uncertainty and changes in the economy can have an impact on the demand for tooling equipment as well as automobile sales.
Regulatory Compliance: Manufacturers may find it difficult to navigate the diverse regulatory environment across several areas, necessitating ongoing updates and compliance initiatives.
Market Forecasts and Future Outlook: The trend towards electric and driverless vehicles, rising vehicle manufacturing, and technological improvements are all predicted to fuel the robust growth of the worldwide automotive tooling market between 2024 and 2030. Maintaining growth will need addressing issues like high startup costs and regulatory compliance. There are plenty of chances in the market for smart manufacturing, innovation, and entering emerging markets.
Opportunities: Adoption of Smart Manufacturing: By combining robotics, artificial intelligence, and the Internet of Things, smart manufacturing technologies can improve the accuracy and efficiency of tooling operations.
Growth Prospects for Tooling Manufacturers: Tooling manufacturers can achieve substantial growth by venturing into emerging regions that are seeing expansion in their automotive sectors.
Emphasis on Lightweight Materials: To meet the increasing demand for fuel-efficient automobiles, tooling solutions for lightweight materials like carbon fiber and sophisticated composites can be developed.
Environmentally concerned firms can be attracted and regulatory standards can be met by investing in sustainable and eco-friendly tooling solutions.
Customization and Flexibility: You may improve customer satisfaction and market distinction by providing flexible and customizable tooling solutions that are suited to certain automotive components and manufacturing processes.
Collaborations and Partnerships: Establishing strategic alliances with suppliers and automakers can stimulate innovation and market growth.
Market Segmentation:
Automotive Tooling (mold) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
1. Segmentation by type
• Stamping Dies
• Casting
• Plastic
• Others
2. Segmentation by application
• Passenger Cars
• Commercial Vehicles
Regional Insight: North America: With substantial investments in R&D, a strong presence of top automakers, and an advanced infrastructure for automotive manufacturing, North America leads the industry. The United States is a significant supplier, with a high demand for sophisticated tooling solutions.
Europe: Europe is right behind, led by nations like Germany, France, and the United Kingdom. The area promotes sustainability and innovation in the car industry, which propels the use of cutting-edge tooling technology.
The fastest development is anticipated in the Asia-Pacific area because of the region's rapid industrialization, rising car production, and large expenditures in the automotive industry. India, China, and Japan are important markets.
Latin America's market is expanding gradually due to investments in manufacturing facilities, rising car production, and economic expansion. The two largest markets are Mexico and Brazil.
Middle East and Africa: Due to economic diversification, urbanization, and rising automobile industry investments, the Middle East and Africa region offers growth prospects.
1. Americas
• United States
• Canada
• Mexico
• Brazil
2. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
3. Europe
• Germany
• France
• UK
• Italy
• Russia
4. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: Globally, the Automotive Tooling (Molds) industry market is low concentrated as the manufacturing technology of Automotive Tooling (Molds) is relatively mature than some high-tech equipment. And some enterprises, like Toyota, Yanfeng Visteon, Simoldes, Yifeng, Himile, etc. are well-known for the wonderful performance of their Automotive Tooling (Molds) and related services. At the same time, China occupied 27% consumption market share.
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
• Toyota
• Yanfeng Visteon
• Simoldes
• Yifeng
• Himile
• FUJI
• TQM
• Schafer Group
• Botou Xingda
• Shandong Wantong
• Y-Tec
• Ogihara
• FOBOHA
• Greatoo Intelligent
• Rayhoo
• SSDT
• HLGY
• Chengfei Jicheng
• Tatematsu-mould
• Weba
• ACMA
• Changzhou Huawei
• Lucky Harvest
• Weber Manufacturing
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Automotive Tooling (Molds) Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Automotive Tooling (Molds) by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Automotive Tooling (Molds) by Country/Region, 2019, 2023 & 2030
2.2 Automotive Tooling (Molds) Segment by Type
2.2.1 Stamping Dies
2.2.2 Casting
2.2.3 Plastic
2.2.4 Others
2.3 Automotive Tooling (Molds) Sales by Type
2.3.1 Global Automotive Tooling (Molds) Sales Market Share by Type (2019-2024)
2.3.2 Global Automotive Tooling (Molds) Revenue and Market Share by Type (2019-2024)
2.3.3 Global Automotive Tooling (Molds) Sale Price by Type (2019-2024)
2.4 Automotive Tooling (Molds) Segment by Application
2.4.1 Passenger Cars
2.4.2 Commercial Vehicles
2.5 Automotive Tooling (Molds) Sales by Application
2.5.1 Global Automotive Tooling (Molds) Sale Market Share by Application (2019-2024)
2.5.2 Global Automotive Tooling (Molds) Revenue and Market Share by Application (2019-2024)
2.5.3 Global Automotive Tooling (Molds) Sale Price by Application (2019-2024)
3 Global Automotive Tooling (Molds) by Company
3.1 Global Automotive Tooling (Molds) Breakdown Data by Company
3.1.1 Global Automotive Tooling (Molds) Annual Sales by Company (2019-2024)
3.1.2 Global Automotive Tooling (Molds) Sales Market Share by Company (2019-2024)
3.2 Global Automotive Tooling (Molds) Annual Revenue by Company (2019-2024)
3.2.1 Global Automotive Tooling (Molds) Revenue by Company (2019-2024)
3.2.2 Global Automotive Tooling (Molds) Revenue Market Share by Company (2019-2024)
3.3 Global Automotive Tooling (Molds) Sale Price by Company
3.4 Key Manufacturers Automotive Tooling (Molds) Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Automotive Tooling (Molds) Product Location Distribution
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