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.
The global industrial mold manufacturing market was valued at $63 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for more than 50% of the global market. The market saw a growth due to increased global economic activity, and investment in the manufacturing industry.
The market in the report is segmented into: metal molds and other material molds.
China was the largest country in the market, accounting for more than one-fifth of the global industrial mold manufacturing market share. This was due to greater domestic demand stimulated by growth in industrial machinery and transportation equipment industries. China was followed by Japan and The USA as the next largest countries in the market.
The top five competitors in the market are: Amada followed by TRUMPF, DMTG, DMG Mori and U.S. Industrial Machinery. Amada Co, Ltd. is a large Japanese manufacturer of metal processing equipment & machinery based in Kanagawa. The company is headed by Mitsuo Okamoto. The company manufactures metal cutting, forming, shearing, and punching machines. The Company also develops factory automation systems and electronic equipment in addition to machine tools. Amada’s products are used in fields such as the auto, computer, camera, and electric appliance industries.
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