The latest report by IMARC Group, titled “Tooling Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global tooling board market growth. The global market is expected to exhibit a growth rate (CAGR) of 4.1% during 2023-2028.
Tooling boards are modeling boards commonly used to prepare prototype tools and master models. They are made from polyurethane and epoxy and have become popular alternatives to their metal and wood counterparts for industrial tooling applications as these dimensionally stable boards aid in tooling jigs and building precise models and patterns, resulting in a faster ramp rate, reduced operational costs, and improved efficiency. They are known for their enhanced machinability and ability to produce improved outcomes in a shorter period. As a result, tooling boards find extensive applications in manufacturing various molds, models, and master models, as well as fixtures, laminates, castings, and other aids in the aerospace and defense, automotive, marine, and construction sectors across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/tooling-board-market/requestsample
Tooling Board Market Trends and Drivers:
The global tooling board market is primarily driven by increasing product utilization for prototyping across various end use industries due to the reduced product lifecycles of numerous electronic products. Moreover, key players in the automotive sector are investing heavily in research and development (R&D) activities to improve their products through technological augmentations, which is positively influencing the market growth. Additionally, the rising use of tooling boards in the aerospace and defense industries owing to their high dimensional stability and temperature resistance properties has catalyzed market growth. Furthermore, the increasing defense budgets of various countries and a significant rise in air traffic are contributing to market growth. Other factors, including the rising need for new product development, inflating consumer disposable incomes, and technological advancements, are also anticipated to propel the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Material:
- Polyurethane
- Epoxy Resins
- Others
Breakup by Application:
- Aerospace and Defense
- Automotive
- Marine
- Wind Energy
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitors Landscape with Key Players:
- Alchemie Ltd.
- Alro Steel Corporation
- Base Materials Ltd
- Coastal Enterprises
- Curbell Plastics Inc.
- General Plastic Manufacturing Co.
- Goldenwest Manufacturing Inc.
- Huntsman Corporation
- OBO-Werke GmbH
- RAMPF Holding GmbH & Co.KG
- Sika AG
- Trelleborg AG.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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