Scienza e Tecnologia
Tooling Board Market Size, Impacted by COVID-19, to Reach US$ 0.4 Billion in 2026, Says a New Study from Stratview Research
Tooling boards are generally made from polymer-filled materials, when these boards are bonded together, they shape larger blocks which are used to produce molds, prototypes, and master models. There are mainly two types of tooling boards widely used across industries, namely epoxy tooling boards and polyurethane tooling boards.
The impact of the COVID-19 pandemic on the demand for tooling boards varies from industry to industry. Transportation and aerospace industries, the two major markets, witnessed hefty declines amid the pandemic, whereas wind energy and marine industries, relatively small markets, witnessed lesser declines over the same period. Overall, the global tooling board market experienced a low double-digit decline in 2020, reaching a value below US$ 0.3 billion .
: https://www.stratviewresearch.com/toc/1849/tooling-board-market.html
Based on the end-use industry, . The wide usage of tooling boards for making composite tools, parts, and molds for automotive and motorsports have led to a huge dominance of the segment in the total market. The aerospace industry also holds a sizeable market demand with substantial usage of epoxy tooling boards in the industry for composite applications.
Based on the application type, in the wake of their wide use in tooling applications. The non-composite application segment is further divided into the use type as design & styling, model & tooling, and others. Among non-composite applications, the model & tooling segment holds significant dominance and will continue to dominate due to its suitability for making master models and molds for different end-use industries. Composite tooling board holds a smaller share but represents strong growth potential during the forecast period.
Based on the density type, the market is segmented as 600-800 kg/m3, 800-1000 kg/m3, and above 1000 kg/m3. due to its suitability towards a wide range of temperatures for making master models and patterns in different end-use industries, making it the most suitable tooling board segment.
In terms of regions, . On the other hand, Asia-Pacific is rich with lucrative growth opportunities over the forecast period as China and India are the key emerging countries with soaring demand for tooling boards. Different regions are dominant in different market segments. For instance, the aerospace and marine market segments are dominated by the North American region, whereas the transportation (including motorsports) market segment is dominated by the European region.
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. Furthermore, there has been a continuous consolidation in the market with the big players acquiring the smaller ones. For instance, Polytek Development Corporation, Inc., a leading global supplier of tooling boards for a wide range of industries, acquired BCC Products, Inc. After the acquisition, Polytek Development Corporation successfully leaped ahead in the market with the added capabilities and expansion of its product portfolio.
The supply chain of this market comprises several nodes including raw material suppliers, tooling board manufacturers, distributors, tier players, and OEMs. Key players in the tooling board market are
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies global tooling board market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
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