Asia-Pacific Tooling Market By Tool Type (Dies & Molds, Fixtures, Jigs, Gauges, Cutting Tools, Forming Tools, Others), By Material Type (Steel, Carbide, Ceramic, Diamond, Others), By Application (Forming, Machining, Casting, Cutting, Forging, Injection Molding), By End-User Industry (Automotive, Aerospace & Defense, Electronics, Oil & Gas, Construction, Industrial Machinery, Medical Devices, Others), By Country, Competition, Forecast and Opportunities, 2020-2030F
Market Overview
The Asia-Pacific tooling market was valued at USD 82.31 billion in 2024 and is projected t%li%reach USD 129.39 billion by 2030, growing at a CAGR of 7.67% during the forecast period. The region's tooling sector is expanding rapidly, supported by the surge in manufacturing activity across countries such as China, India, Japan, and South Korea. As Asia-Pacific strengthens its role as a global manufacturing hub, the need for advanced tooling solutions—including dies, molds, cutting tools, jigs, and fixtures—continues t%li%rise. This growth is further accelerated by increasing investments in automotive, aerospace, electronics, industrial machinery, and consumer goods manufacturing. Government-led initiatives like “Make in India” and “Made in China 2025” are actively encouraging local production and technological upgrades. Additionally, the adoption of Industry 4.0 practices—including CNC machining, additive manufacturing, and smart factory technologies—is reshaping tooling processes t%li%improve efficiency, precision, and automation. With global OEMs and suppliers expanding operations in the region, the market for high-performance and customized tooling solutions is expected t%li%see sustained growth.
Key Market Drivers
Expanding Manufacturing Sector
The Asia-Pacific region's continued rise as a global center for manufacturing is a major driver of tooling market growth. Countries such as China, India, Japan, and South Korea are investing heavily in production infrastructure, aided by supportive trade policies, rising domestic demand, and increasing foreign direct investments. Government programs like “Made in China 2025” and “Make in India” are catalyzing high-tech industrial growth, creating strong demand for precision tooling equipment. The automotive, electronics, and aerospace industries are especially instrumental in this expansion, requiring advanced tools t%li%meet evolving production standards. As production scales up and supply chains localize, the need for high-quality, efficient tooling systems is expected t%li%continue rising across the region.
Key Market Challenges
Skilled Labor Shortage and Technical Gaps
The Asia-Pacific tooling industry faces a significant skills shortage, particularly in precision engineering and advanced tool manufacturing. Although the region produces a high volume of engineering graduates, many lack hands-on experience or training in modern digital tooling technologies like CNC, CAD/CAM, and robotics. This gap is more acute in emerging economies such as Vietnam and Indonesia, where traditional manufacturing practices still dominate. The migration of experienced professionals t%li%higher-paying global markets further exacerbates this shortage. Without well-established vocational programs or strong industry-academia collaboration, many companies must invest in costly internal training or imported expertise, hindering efficiency and innovation, especially for high-precision or specialized tooling applications.
Key Market Trends
Expansion of Tooling for Electric Vehicles (EVs)
The growing electric vehicle market in Asia-Pacific is creating strong demand for specialized tooling designed for lightweight and complex EV components. Unlike traditional ICE vehicles, EVs require tooling tailored t%li%materials like aluminum and composites. Toolmakers in countries such as China, South Korea, and Japan are at the forefront of designing high-precision tools for battery systems, electric drive units, and other critical EV parts. These tools must meet strict standards for surface quality and dimensional accuracy. Additionally, simulation-based design, modular tooling systems, and digital twin technologies are becoming key t%li%supporting rapid EV innovation cycles. This trend is further supported by government incentives for EV manufacturing and local sourcing requirements, creating new growth avenues for tooling companies throughout the region.
Key Market Players
In this report, the Asia-Pacific Tooling Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Tooling Market.
Available Customizations:
Asia-Pacific Tooling Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
The Asia-Pacific tooling market was valued at USD 82.31 billion in 2024 and is projected t%li%reach USD 129.39 billion by 2030, growing at a CAGR of 7.67% during the forecast period. The region's tooling sector is expanding rapidly, supported by the surge in manufacturing activity across countries such as China, India, Japan, and South Korea. As Asia-Pacific strengthens its role as a global manufacturing hub, the need for advanced tooling solutions—including dies, molds, cutting tools, jigs, and fixtures—continues t%li%rise. This growth is further accelerated by increasing investments in automotive, aerospace, electronics, industrial machinery, and consumer goods manufacturing. Government-led initiatives like “Make in India” and “Made in China 2025” are actively encouraging local production and technological upgrades. Additionally, the adoption of Industry 4.0 practices—including CNC machining, additive manufacturing, and smart factory technologies—is reshaping tooling processes t%li%improve efficiency, precision, and automation. With global OEMs and suppliers expanding operations in the region, the market for high-performance and customized tooling solutions is expected t%li%see sustained growth.
Key Market Drivers
Expanding Manufacturing Sector
The Asia-Pacific region's continued rise as a global center for manufacturing is a major driver of tooling market growth. Countries such as China, India, Japan, and South Korea are investing heavily in production infrastructure, aided by supportive trade policies, rising domestic demand, and increasing foreign direct investments. Government programs like “Made in China 2025” and “Make in India” are catalyzing high-tech industrial growth, creating strong demand for precision tooling equipment. The automotive, electronics, and aerospace industries are especially instrumental in this expansion, requiring advanced tools t%li%meet evolving production standards. As production scales up and supply chains localize, the need for high-quality, efficient tooling systems is expected t%li%continue rising across the region.
Key Market Challenges
Skilled Labor Shortage and Technical Gaps
The Asia-Pacific tooling industry faces a significant skills shortage, particularly in precision engineering and advanced tool manufacturing. Although the region produces a high volume of engineering graduates, many lack hands-on experience or training in modern digital tooling technologies like CNC, CAD/CAM, and robotics. This gap is more acute in emerging economies such as Vietnam and Indonesia, where traditional manufacturing practices still dominate. The migration of experienced professionals t%li%higher-paying global markets further exacerbates this shortage. Without well-established vocational programs or strong industry-academia collaboration, many companies must invest in costly internal training or imported expertise, hindering efficiency and innovation, especially for high-precision or specialized tooling applications.
Key Market Trends
Expansion of Tooling for Electric Vehicles (EVs)
The growing electric vehicle market in Asia-Pacific is creating strong demand for specialized tooling designed for lightweight and complex EV components. Unlike traditional ICE vehicles, EVs require tooling tailored t%li%materials like aluminum and composites. Toolmakers in countries such as China, South Korea, and Japan are at the forefront of designing high-precision tools for battery systems, electric drive units, and other critical EV parts. These tools must meet strict standards for surface quality and dimensional accuracy. Additionally, simulation-based design, modular tooling systems, and digital twin technologies are becoming key t%li%supporting rapid EV innovation cycles. This trend is further supported by government incentives for EV manufacturing and local sourcing requirements, creating new growth avenues for tooling companies throughout the region.
Key Market Players
- Sandvik AB
- Kennametal Inc.
- DMG Mori Co., Ltd.
- ISCAR Ltd.
- Robert Bosch GmbH
- Stanley Black & Decker, Inc.
- MAPAL Dr. Kress KG
- Kyocera Corporation
- Sec%li%Tools AB
- Guhring Inc.
In this report, the Asia-Pacific Tooling Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
- Asia-Pacific Tooling Market, By Tool Type:
- Dies & Molds
- Fixtures
- Jigs
- Gauges
- Cutting Tools
- Forming Tools
- Others
- Asia-Pacific Tooling Market, By Material Type:
- Steel
- Carbide
- Ceramic
- Diamond
- Others
- Asia-Pacific Tooling Market, By Application:
- Forming
- Machining
- Casting
- Cutting
- Forging
- Injection Molding
- Asia-Pacific Tooling Market, By End-User Industry:
- Automotive
- Aerospace & Defense
- Electronics
- Oil & Gas
- Construction
- Industrial Machinery
- Medical Devices
- Others
- Asia-Pacific Tooling Market, By Country:
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- Thailand
- Malaysia
Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Tooling Market.
Available Customizations:
Asia-Pacific Tooling Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up t%li%five).
1. PRODUCT OVERVIEW
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. VOICE OF CUSTOMER
5. ASIA-PACIFIC TOOLING MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Tool Type (Dies & Molds, Fixtures, Jigs, Gauges, Cutting Tools, Forming Tools, Others)
5.2.2. By Material Type (Steel, Carbide, Ceramic, Diamond, Others)
5.2.3. By Application (Forming, Machining, Casting, Cutting, Forging, Injection Molding)
5.2.4. By End-User Industry (Automotive, Aerospace & Defense, Electronics, Oil & Gas, Construction, Industrial Machinery, Medical Devices, Others)
5.2.5. By Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Rest of Asia-Pacific)
5.3. By Company (2024)
5.4. Market Map
6. CHINA TOOLING MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Tool Type
6.2.2. By Material Type
6.2.3. By Application
6.2.4. By End-User Industry
7. JAPAN TOOLING MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Tool Type
7.2.2. By Material Type
7.2.3. By Application
7.2.4. By End-User Industry
8. INDIA TOOLING MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Tool Type
8.2.2. By Material Type
8.2.3. By Application
8.2.4. By End-User Industry
9. SOUTH KOREA TOOLING MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Tool Type
9.2.2. By Material Type
9.2.3. By Application
9.2.4. By End-User Industry
10. AUSTRALIA TOOLING MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Tool Type
10.2.2. By Material Type
10.2.3. By Application
10.2.4. By End-User Industry
11. SINGAPORE TOOLING MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Tool Type
11.2.2. By Material Type
11.2.3. By Application
11.2.4. By End-User Industry
12. THAILAND TOOLING MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Tool Type
12.2.2. By Material Type
12.2.3. By Application
12.2.4. By End-User Industry
13. MALAYSIA TOOLING MARKET OUTLOOK
13.1. Market Size & Forecast
13.1.1. By Value
13.2. Market Share & Forecast
13.2.1. By Tool Type
13.2.2. By Material Type
13.2.3. By Application
13.2.4. By End-User Industry
14. MARKET DYNAMICS
14.1. Drivers
14.2. Challenges
15. MARKET TRENDS AND DEVELOPMENTS
15.1. Merger & Acquisition (If Any)
15.2. Product Launches (If Any)
15.3. Recent Developments
16. COMPANY PROFILES
16.1. Sandvik AB
16.1.1. Business Overview
16.1.2. Key Revenue and Financials
16.1.3. Recent Developments
16.1.4. Key Personnel
16.1.5. Key Product/Services Offered
16.2. Kennametal Inc.
16.3. DMG Mori Co., Ltd.
16.4. ISCAR Ltd.
16.5. Robert Bosch GmbH
16.6. Stanley Black & Decker, Inc.
16.7. MAPAL Dr. Kress KG
16.8. Kyocera Corporation
16.9. Seco Tools AB
16.10. Guhring Inc.
17. STRATEGIC RECOMMENDATIONS
18. ABOUT US & DISCLAIMER
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. VOICE OF CUSTOMER
5. ASIA-PACIFIC TOOLING MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Tool Type (Dies & Molds, Fixtures, Jigs, Gauges, Cutting Tools, Forming Tools, Others)
5.2.2. By Material Type (Steel, Carbide, Ceramic, Diamond, Others)
5.2.3. By Application (Forming, Machining, Casting, Cutting, Forging, Injection Molding)
5.2.4. By End-User Industry (Automotive, Aerospace & Defense, Electronics, Oil & Gas, Construction, Industrial Machinery, Medical Devices, Others)
5.2.5. By Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Rest of Asia-Pacific)
5.3. By Company (2024)
5.4. Market Map
6. CHINA TOOLING MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Tool Type
6.2.2. By Material Type
6.2.3. By Application
6.2.4. By End-User Industry
7. JAPAN TOOLING MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Tool Type
7.2.2. By Material Type
7.2.3. By Application
7.2.4. By End-User Industry
8. INDIA TOOLING MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Tool Type
8.2.2. By Material Type
8.2.3. By Application
8.2.4. By End-User Industry
9. SOUTH KOREA TOOLING MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Tool Type
9.2.2. By Material Type
9.2.3. By Application
9.2.4. By End-User Industry
10. AUSTRALIA TOOLING MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Tool Type
10.2.2. By Material Type
10.2.3. By Application
10.2.4. By End-User Industry
11. SINGAPORE TOOLING MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Tool Type
11.2.2. By Material Type
11.2.3. By Application
11.2.4. By End-User Industry
12. THAILAND TOOLING MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Tool Type
12.2.2. By Material Type
12.2.3. By Application
12.2.4. By End-User Industry
13. MALAYSIA TOOLING MARKET OUTLOOK
13.1. Market Size & Forecast
13.1.1. By Value
13.2. Market Share & Forecast
13.2.1. By Tool Type
13.2.2. By Material Type
13.2.3. By Application
13.2.4. By End-User Industry
14. MARKET DYNAMICS
14.1. Drivers
14.2. Challenges
15. MARKET TRENDS AND DEVELOPMENTS
15.1. Merger & Acquisition (If Any)
15.2. Product Launches (If Any)
15.3. Recent Developments
16. COMPANY PROFILES
16.1. Sandvik AB
16.1.1. Business Overview
16.1.2. Key Revenue and Financials
16.1.3. Recent Developments
16.1.4. Key Personnel
16.1.5. Key Product/Services Offered
16.2. Kennametal Inc.
16.3. DMG Mori Co., Ltd.
16.4. ISCAR Ltd.
16.5. Robert Bosch GmbH
16.6. Stanley Black & Decker, Inc.
16.7. MAPAL Dr. Kress KG
16.8. Kyocera Corporation
16.9. Seco Tools AB
16.10. Guhring Inc.
17. STRATEGIC RECOMMENDATIONS
18. ABOUT US & DISCLAIMER
