Learn about the global industrial mold market through The Business Research Company, which provides information on industrial mold market size, industrial mold market drivers and restraints, industrial mold market players, the COVID-19 impact on the industrial mold market, and more.

The global industrial mold market is expected to grow from $26.21 billion in 2020 to $27.91 billion in 2021 at a compound annual growth rate (CAGR) of 6.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $38.62 billion in 2025 at a CAGR of 8%.

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The industrial mold market consists of sales of industrial molds by entities (organizations, sole traders or partnerships) that produce industrial molds for casting metals or forming other materials such as plastics, glass, or rubber.

Global Industrial Mold Market Segments Include:

By Type: Metal Molds, Other Material Molds

By Application: Manufacturing, Automotive, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global industrial mold market, accounting for 41% of the market in 2020.

Conformal cooling design are increasingly being used by manufacturing companies in the 3D-printed molds as it provides better cooling to the moulded 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%.

TBRC’s industrial mold market report covers:

Major Market Players: Amada, TRUMPF, DMTG, DMG Mori, U.S. Industrial Machinery.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Industrial Mold Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides industrial mold market overviews, analyses and forecasts market size, share, industrial mold market players, industrial mold market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s industrial mold market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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