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Asia & Middle East Automotive Tooling (Molds) Market by Type (Plastic Molds; Forged Products; and Gauges, Jigs & Fixtures) - Opportunity Analysis and Industry Forecast, 2017-2023

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CM_174510
Pages: 195
Nov 2017 | 2080 Views
 
Author's : Preksha Verma & Ankush Yadav
Tables: 66
Charts: 55
 

Asia & Middle East Automotive Tooling (Molds) Market Overview:

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 plays a vital role in providing the desired shape and design to automotive components and parts. Further, the shape of these parts and components determine the efficient functioning of the vehicles. For instance, the powertrain system, transmission, and steering systems constitute of aggregation of various components that work together to deliver the motion of the vehicles.

Plastic molds are applicable in prototyping of original equipment manufacturers (OEM), and exteriors of vehicles, owing to flexibility in designing and color control. Thus, automotive tooling (molds) plays crucial role in production of vehicles such as passenger cars, trucks, vans, buses, and automotive OEM among others.

The demand for Asia & Middle East automotive tooling (molds) is driven by the increase in demand for commercial vehicles such as dump trucks, buses, vans, trailer trucks, and heavy vehicles from emerging economies. Further, the versatile benefits associated with automotive tooling, such as reusability, reduced costs of labor, and consistent quality, are expected to fuel this growth during the forecast period. Moreover, the lightweight property of plastic molds-based products and flexibility in design provide assistance in reducing the overall weight of the vehicle and subsequently enhance the visual appeal of the vehicles; this is also anticipated to boost the market growth. Integration of tooling equipment into industrial robotics arms to offer superior precision and accuracy of the parts and components offer lucrative opportunities to the manufacturers in the coming years.

Segment Overview

The Asia & Middle East automotive tooling (molds) market is segmented on the basis of type and geography. On the basis of type, it is classified into plastic molds; forged products; and gauges, jigs & fixtures. Geographically, the market is analyzed across Southeast Asia, Australia, South Asia, and Middle East.

The key players operating in the Asia & Middle East automotive tooling (molds) market are 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.

Market Segmentation

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South Asia is expected to witness lucrative growth opportunities, thereby registering the highest growth rate, owing to the growth of automotive industry, increase in demand for commercial vehicles, and availability of low cost of production.

Top Impacting Factors

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With the increase in production of commercial vehicles and passenger cars, the demand for automotive tooling (molds) has multiplied significantly. In addition, the plastic molds offer flexibility in design and superior color control over the molds based products. The lightweight nature of the plastic molds products provides assistance in lowering the overall weight of the vehicles.

However, the initial high cost of investment for automotive tooling is expected to hinder the market. Moreover, subsequent improvement in 3D printing capabilities owing to technological advancement is expected to influence the growth of the automotive tooling market.

Key Benefits

  • 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 is provided.
  • Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
  • The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.

Asia & Middle East Automotive Tooling (Molds) Market Key Segments:

By Type

  • Plastic Molds
  • Forged Products
  • Gauges, Jigs & Fixtures

By Geography

  • Southeast Asia
    • Thailand
    • Singapore
    • Malaysia
    • Japan
    • Vietnam
    • Myanmar
  • Australia
  • South Asia
    • India
    • Bangladesh
    • China
    • Pakistan
  • Middle East
    • Saudi Arabia
    • Oman
    • UAE
    • Israel
    • Turkey
    • Rest of Middle East

Key Market Players

  • 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
  • Y-Tec Corporation
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Low threat of substitution
3.3.4. Moderate threat of new entrants
3.3.5. Moderate competitive rivalry

3.4. KEY PLAYER POSITIONING, 2016
3.5. APPLICATION OF STAMPING DIES IN AUTOMOTIVE SECTOR
3.6. APPLICATION OF INJECTION MOLDING IN AUTOMOTIVE SECTOR
3.7. APPLICATION OF ASSEMBLY JIGS IN THE AUTOMOTIVE SECTOR
3.8. MARKET DYNAMICS

3.8.1. Drivers

3.8.1.1. Plastic molds facilitate in lowering the weight of automobile and subsequently enhance the visual appeal of the interiors
3.8.1.2. Rise in demand for automotive tooling systems from the emerging economies
3.8.1.3. Versatile benefits of automotive tooling systems

3.8.2. Restraints

3.8.2.1. Initial high costs for installation of precision tooling machineries
3.8.2.2. Increase in threats form 3D printing owing to advancement in technology

3.8.3. Opportunity

3.8.3.1. Integration of tooling equipment with industrial robotics arms

Chapter: 4 ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET, BY TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. PLASTIC MOLDS

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. FORGED PRODUCTS

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. GAUGES, JIGS, & FIXTURES

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

Chapter: 5 ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET, BY GEOGRAPHY

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. SOUTHEAST ASIA

5.2.1. key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.2.4. Product type
5.2.5. Region
5.2.6. Southeast Asia

5.2.6.1. Thailand

5.2.6.1.1. Competitive Scenario
5.2.6.1.2. Key Players in TDM Industry

5.2.6.2. Singapore

5.2.6.2.1. Competitive Scenario
5.2.6.2.2. Key Players in TDM Industry

5.2.6.3. Malaysia

5.2.6.3.1. Competitive Scenario
5.2.6.3.2. Key Players in Malaysia TDM Industry

5.2.6.4. Japan

5.2.6.4.1. Competitive Scenario
5.2.6.4.2. Key Players in Japan TDM Industry

5.2.6.5. Vietnam

5.2.6.5.1. Competitive Scenario
5.2.6.5.2. Key Players in Vietnam TDM Industry

5.2.6.6. Myanmar

5.2.6.6.1. Competitive Scenario
5.2.6.6.2. Key Players in Myanmar TDM Industry

5.3. AUSTRALIA

5.3.1. Key market trends
5.3.2. Growth factors and opportunities
5.3.3. Market size and forecast
5.3.4. Product type

5.3.4.1. Competitive Scenario
5.3.4.2. Key Players in TDM Australia Industry

5.4. SOUTH ASIA

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast
5.4.4. Product type
5.4.5. South Asia

5.4.5.1. India

5.4.5.1.1. Competitive Scenario
5.4.5.1.2. Key Players in TDM India Industry

5.4.5.2. Bangladesh

5.4.5.2.1. Competitive Scenario
5.4.5.2.2. Key Players in TDM Bangladesh Industry

5.4.5.3. China

5.4.5.3.1. Competitive Scenario
5.4.5.3.2. Key Players in TDM China Industry

5.4.5.4. Pakistan

5.4.5.4.1. Competitive Scenario
5.4.5.4.2. Key Players in TDM Pakistan Industry

5.5. MIDDLE EAST

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast
5.5.4. Product type
5.5.5. Region/country

5.5.5.1. Saudi Arabia

5.5.5.1.1. Competitive Scenario
5.5.5.1.2. Key Players in TDM Industry

5.5.5.2. Oman

5.5.5.2.1. Competitive Scenario
5.5.5.2.2. Key Players in TDM Oman Industry

5.5.5.3. UAE

5.5.5.3.1. Competitive Scenario
5.5.5.3.2. Key Players in UAE TDM Industry

5.5.5.4. Israel

5.5.5.4.1. Competitive Scenario
5.5.5.4.2. Key Players in TDM Israel Industry

5.5.5.5. Turkey

5.5.5.5.1. Competitive Scenario
5.5.5.5.2. Key Players in Turkey TDM Industry

5.5.5.6. Rest of Middle East

5.5.5.6.1. Competitive Scenario
5.5.5.6.2. Key Players in Rest of Middle East TDM Industry

Chapter: 6 COMPANY PROFILES

6.1. AABCO ENGINEERING (M) SDN BHD

6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Product portfolio

6.2. BHARAT FORGE LIMITED

6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.2.4. Product portfolio
6.2.5. Business performance
6.2.6. Key strategic moves and developments

6.3. EL FORGE LIMITED

6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. Product portfolio
6.3.5. Business performance

6.4. ENEEL PRECISION ENGINEERING SDN BHD

6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.4.4. Product portfolio

6.5. KISAAN STEELS (P.) LTD

6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Product portfolio

6.6. MECHANITE ENGINEERING SOLUTIONS

6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Product portfolio

6.7. MQ PRECISION HARDWARE CO., LTD.

6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. Product portfolio

6.8. NTN CORPORATION

6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Product portfolio
6.8.5. Business performance
6.8.6. Key strategic moves and developments

6.9. SR GREEN PRODUCTS

6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Product portfolio

6.10. SUMITOMO CORPORATION

6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments
6.10.4. Product portfolio
6.10.5. Business performance
6.10.6. Key strategic moves and developments

6.11. TOKAI ENGINEERING PRIVATE LIMITED

6.11.1. Company overview
6.11.2. Company snapshot
6.11.3. Operating business segments
6.11.4. Product portfolio

6.12. Y-TEC CORPORATION

6.12.1. Company overview
6.12.2. Company snapshot
6.12.3. Operating business segments
6.12.4. Product portfolio

LIST OF TABLES

TABLE 1. ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET FOR PLASTIC MOLD, BY REGION, 2016-2023 ($MILLION)
TABLE 3. ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET FOR FORGED PRODUCTS, BY REGION, 2016-2023 ($MILLION)
TABLE 4. ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET FOR GAUGES, JIGS, & FIXTURES, BY REGION, 2016-2023 ($MILLION)
TABLE 5. ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 6. ASIA-PACIFIC AUTOMOTIVE TOOLING (MOLDS) MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 7. ASIA-PACIFIC AUTOMOTIVE TOOLING (MOLDS) MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 8. KEY PLAYERS IN THAILAND TDM INDUSTRY
TABLE 9. KEY PLAYERS IN SINGAPORE TDM INDUSTRY
TABLE 10. KEY PLAYERS IN MALAYSIA TDM INDUSTRY
TABLE 11. KEY PLAYERS IN JAPAN TDM INDUSTRY
TABLE 12. KEY PLAYERS IN VIETNAM TDM INDUSTRY
TABLE 13. KEY PLAYERS IN MYANMAR TDM INDUSTRY
TABLE 14. AUSTRALIA AUTOMOTIVE TOOLING (MOLDS) MARKET, BY REVENUE, 2016-2023 ($MILLION)
TABLE 15. AUSTRALIA AUTOMOTIVE TOOLING (MOLDS) MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 16. KEY PLAYERS IN AUSTRALIA TDM INDUSTRY
TABLE 17. SOUTH ASIA AUTOMOTIVE TOOLING (MOLDS) MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 18. SOUTH ASIA AUTOMOTIVE TOOLING (MOLDS) MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 19. KEY PLAYERS IN INDIA TDM INDUSTRY
TABLE 20. KEY PLAYERS IN BANGLADESH TDM INDUSTRY
TABLE 21. KEY PLAYERS IN CHINA TDM INDUSTRY
TABLE 22. KEY PLAYERS IN PAKISTAN TDM INDUSTRY
TABLE 23. MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 24. MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 25. KEY PLAYERS IN SAUDI ARABIA TDM INDUSTRY
TABLE 26. KEY PLAYERS IN OMAN TDM INDUSTRY
TABLE 27. KEY PLAYERS IN UAE TDM INDUSTRY
TABLE 28. KEY PLAYERS IN ISRAEL TDM INDUSTRY
TABLE 29. KEY PLAYERS IN TURKEY TDM INDUSTRY
TABLE 30. KEY PLAYERS IN REST OF MIDDLE EAST TDM INDUSTRY
TABLE 31. AABCO: COMPANY SNAPSHOT
TABLE 32. AABCO: OPERATING SEGMENTS
TABLE 33. AABCO: PRODUCT PORTFOLIO
TABLE 34. BFL: COMPANY SNAPSHOT
TABLE 35. BFL: OPERATING SEGMENTS
TABLE 36. BFL: PRODUCT PORTFOLIO
TABLE 37. EFL: COMPANY SNAPSHOT
TABLE 38. EFL: OPERATING SEGMENTS
TABLE 39. EFL: PRODUCT PORTFOLIO
TABLE 40. ENEEL: COMPANY SNAPSHOT
TABLE 41. ENEEL: OPERATING SEGMENTS
TABLE 42. MSCC: PRODUCT PORTFOLIO
TABLE 43. KISAAN STEELS: COMPANY SNAPSHOT
TABLE 44. KISAAN STEELS: OPERATING SEGMENTS
TABLE 45. KISAAN STEELS: PRODUCT PORTFOLIO
TABLE 46. MECHANITE ENGINEERING SOLUTIONS: COMPANY SNAPSHOT
TABLE 47. MECHANITE ENGINEERING SOLUTIONS: OPERATING SEGMENTS
TABLE 48. MECHANITE ENGINEERING SOLUTIONS: PRODUCT PORTFOLIO
TABLE 49. MQ: COMPANY SNAPSHOT
TABLE 50. MQ: OPERATING SEGMENTS
TABLE 51. MQ: PRODUCT PORTFOLIO
TABLE 52. NTN CORPORATION: COMPANY SNAPSHOT
TABLE 53. NTN: OPERATING SEGMENTS
TABLE 54. NTN: PRODUCT PORTFOLIO
TABLE 55. SR GREEN PRODUCTS: COMPANY SNAPSHOT
TABLE 56. SR GREEN PRODUCTS: OPERATING SEGMENTS
TABLE 57. SR GREEN PRODUCTS: PRODUCT PORTFOLIO
TABLE 58. SUMITOMO CORPORATION: COMPANY SNAPSHOT
TABLE 59. SUMITOMO CORPORATION: OPERATING SEGMENTS
TABLE 60. SUMITOMO CORPORATION: PRODUCT PORTFOLIO
TABLE 61. TOKAI ENGINEERING PRIVATE LIMITED: COMPANY SNAPSHOT
TABLE 62. TOKAI ENGINEERING PRIVATE LIMITED: OPERATING SEGMENTS
TABLE 63. TOKAI ENGINEERING PRIVATE LIMITED: PRODUCT PORTFOLIO
TABLE 64. Y-TEC CORPORATION: COMPANY SNAPSHOT
TABLE 65. Y-TEC CORPORATION: OPERATING SEGMENTS
TABLE 66. Y-TEC CORPORATION: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 1. ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET SEGMENTATION
FIGURE 2. EXECUTIVE SUMMARY OF THE ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET
FIGURE 3. TOP IMPACTING FACTORS
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. TOP INVESTMENT POCKETS
FIGURE 6. PORTER’S FIVE FORCES
FIGURE 7. KEY PLAYER POSITIONING, 2016
FIGURE 8. ASIA & MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET, BY TYPE, 2016-2023 (%)
FIGURE 9. ASIA-PACIFIC AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 10. THAILAND AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 11. THAILAND AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016(%)
FIGURE 12. SINGAPORE AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 13. SINGAPORE AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 14. MALAYSIA AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 15. MALAYSIA AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 16. JAPAN AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 17. JAPAN AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 18. VIETNAM AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 19. VIETNAM AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 20. MYANMAR AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 21. MYANMAR AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 22. AUSTRALIA AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 23. AUSTRALIA AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 24. INDIA AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 25. INDIA AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 26. BANGLADESH AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 27. BANGLADESH AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 28. CHINA AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 29. CHINA AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 30. PAKISTAN AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 31. PAKISTAN AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 32. MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 33. SAUDI ARABIA AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 34. SAUDI ARABIA AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 35. OMAN AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 36. OMAN AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 37. UAE AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 38. UAE AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 39. ISRAEL AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 40. ISRAEL AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 41. TURKEY AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 42. TURKEY AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 43. REST OF MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET, 2016-2023 ($MILLION)
FIGURE 44. REST OF MIDDLE EAST AUTOMOTIVE TOOLING (MOLDS) MARKET SHARE ANALYSIS, 2014-2016 (%)
FIGURE 45. BFL: NET SALES, 2015-2017 ($MILLION)
FIGURE 46. BFL: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 47. BFL: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 48. EFL: NET SALES, 2015-2017 ($MILLION)
FIGURE 49. EFL: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 50. NTN: NET SALES, 2014-2016 ($MILLION)
FIGURE 51. NTN: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 52. NTN: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 53. SUMITOMO CORPORATION: NET SALES, 2014-2016 ($MILLION)
FIGURE 54. SUMITOMO CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 55. SUMITOMO CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

Automotive tooling (molds) plays a vital role in production of various commercial, passenger cars, and automotive OEMs in various emerging economies. They assist in achieving the desired shape and design of various automotive components and parts of the automotive. Currently, out of the available automotive tooling types, the forged products hold the largest share of the global market. Moreover, it is expected to continue to dominate the market during the forecast period, owing to their application in powertrain, transmission, suspension, and steering systems. In addition, increase in demand for commercial vehicles, especially from emerging economies, is projected to drive the growth of automotive tooling (molds) market in the future.

South Asia accounted for a major market share in the Asia & Middle East automotive tooling (molds) market in 2016, owing to the significant production of automobiles in this region. Further, Asia-Pacific is expected to witness the highest growth rate of 6.2%, owing to the rise in demand for commercial vehicles and passenger cars.

 

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