The Asia & Middle East automotive tooling (molds) market is expected to reach $27,148 million in 2023, from $18,564 million in 2016, growing at a CAGR of 5.7% from 2017 to 2023.
Automotive tooling systems are mechanically or electrically powered equipment that facilitate conversion of raw materials into desired shape and size for manufacturing of automobiles. These systems are used in the production of powertrain components & systems, gears, drive shafts, bumpers, doors, and assembly of various components to name a few. Furthermore, they provide assistance in delivering aftersales services and maintenance-related activities.
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Market Statistics:
The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2021 to 2030 are viewed as the forecast period.
The Asia & Middle East automotive tooling (molds) market is expected to witness moderate growth, as plastic molds provide assistance in reducing the overall weight of the automotive, enhance the comfortability of the interiors, and offer flexibility in designing the interiors.
Furthermore, rise in disposable income, especially in the emerging economies, fuels the demand for automobile, thereby driving the growth of the automotive tooling market. In addition, automotive tooling systems possess versatile benefits such as reduced labor costs, design flexibility, high output production, and quality consistency. However, high cost of installation is expected to hinder the growth in the future.
3D printing enables fabrication of sophisticated automotive parts without additional mold change prices, which further restrains the market growth. Conversely, the integration of tooling in industrial robotics that enables automation of processes is expected to provide lucrative growth opportunities for the automotive tooling manufacturers over the next few years.
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The Asia & Middle East automotive tooling (molds) market is segmented on the basis of type and geography. Based on type, the market is divided into plastic molds; forging; and gauges, jigs, & fixtures. Geographically, it is analyzed across Asia and Middle East. Asia is further segmented into Southeast Asia, Australia, and South Asia.
The key players operating in the market include AABCO Machine Technology Sdn Bhd, Bharat Forge Limited, EL Forge Limited, Eneel Precision Engineering Sdn Bhd, Kisaan Steels (P) Ltd., Mechanite Engineering Solutions, MQ Precision Hardware Co., Ltd., NTN Corporation, SR Green Products, Sumitomo Corporation, Tokai Engineering Private Limited, and Y-Tec Corporation.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the Asia & Middle East automotive tooling (Molds) market and current & future trends to elucidate the imminent investment pockets.Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.Porter’s Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
Market Segment Analysis: The document provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, aggressive panorama evaluation, and key regions development reputation. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analysed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.
Asia & Middle East Automotive Tooling (Molds) Market key SEGMENTS:
By Type
Plastic MoldsForged ProductsGauges, Jigs and Fixtures
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By Geography
Southeast AsiaThailandSingaporeMalaysiaJapanVietnamMyanmarAustraliaSouth AsiaIndiaBangladeshChinaPakistanMiddle EastSaudi ArabiaOmanUAEIsraelTurkeyRest of Middle East
KEY MARKET PLAYERS PROFILED IN THE REPORT
AABCO Machine Technology SDN BHDBharat Forge LimitedEL Forge LimitedEneel Precision Engineering SDN BHDKisaan Steels (P.) Ltd.Mechanite Engineering SolutionsMQ Precision Hardware Co., Ltd.NTN CorporationSR Green ProductsSumitomo CorporationTokai Engineering Private LimitedY-Tec Corporation
Major Points Covered in TOC:
Market Overview: It consists of six sections, research scope, extensive makers blanketed, marketplace fragments via type, Market place portions by utility, study desires, and years considered.
Market Landscape: Here, the opposition within the Worldwide Market is dissected, by fee, profits, offers, and piece of the pie by means of agency, marketplace fee, cutthroat situations Landscape, and maximum recent patterns, consolidation, improvement, obtaining, and portions of the general industry of pinnacle agencies.
Market Status and Outlook via Region: In this phase, the report examines approximately internet part, deals, earnings, advent, portion of the general industry, CAGR, and marketplace size by means of locale. Here, The Global Market is profoundly tested primarily based on regions and nations like North America, Europe, China, India, Japan, and the MEA.
Application or End User: This segment of the exploration looks at suggests how remarkable cease-consumer/software sections add to the worldwide market.
Market Forecast: Production Side: In this piece of the record, the creators have zeroed in on creation and advent esteem conjecture, key makers gauge, and creation and creation esteem estimate with the aid of type.
Research Findings and Conclusion: This is one of the last segments of the document where the discoveries of the investigators and the end of the exploration study are given.
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Targets of Market Report:
Characterize, depict and conjecture 2030, by type, application, end client and district.
Give venture outside climate examination and PESTEL investigation.
Give systems to organization to manage the effect of COVID-19.
Give market dynamic investigation, including market driving variables, market advancement requirements.
Give market passage technique examination to new players or players who are prepared to enter the market, including market section definition, client investigation, circulation model, item informing and situating, and cost system investigation.
Stay aware of global market drifts and give examination of the effect of the COVID-19 plague on significant districts of the world.
Examine the market chances of partners and give market pioneers subtleties of the serious scene.
The report conveys an exhaustive investigation of the relative multitude of portions and offers data with respect to the main districts on the lookout. This report additionally states import/send out utilization, organic market Figures, cost, industry share, strategy, value, income, and gross edges.
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