Industrial Mold Manufacturing industry comprises establishments mainly involved in manufacturing industrial molds for casting metals or forming other materials such as plastics, glass, or rubber.
Industrial Mold Manufacturing Global Market Size
The global industrial mold manufacturing market was valued at $63.2 billion in 2017. Asia Pacific was the largest geographic region accounting for $32.8 billion or 51.9% of the global market. China was the largest country accounting for $14.3 billion or 22.7% of the global industrial mold manufacturing market.
Industrial Mold Manufacturing Global Market Trend
Conformal cooling design are increasingly being used by manufacturing companies in the 3D-printed molds as it provides better cooling to the molded products. Conformal provides better cooling molds with complicated geometric design and overcome issues like uneven cooling adds warp, intricate curves, thin walls, and tight tolerances. Mold manufacturing companies provide inbuilt conformal cooling design in their 3D-printed molds that reduces energy consumption and cooling cycle time from 15-60%.
The companies covered are Amada, TRUMPF, DMTG, DMG Mori, and U.S. Industrial Machinery.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Industrial Mold Manufacturing Global Market Segmentation
The industrial mold manufacturing market is segmented into Metal Molds; and Other Material Molds.
Metal Molds establishments are primarily engaged in manufacturing only metal molds.
Other Material Molds establishments are primarily engaged in manufacturing other material molds such as plastic, rubber and glass .