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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