According to the recent study the invar tooling market is projected to reach an estimated $562.2 million by 2028 from $435 million in 2022, at a CAGR of 4.4% from 2022 to 2028. Growth in this market is primarily driven by increasing penetration of composite materials in the aerospace industry. Emergence of high temperature molding processes like autoclave is expected to further boost the market.
Browse 55 figures / charts and 42 tables in this 100 -page report to understand trends, opportunities and forecast in invar tooling market by application (transportation, marine, wind energy, aerospace, construction and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Aerospace market is expected to remain the largest segment during the forecast period.”
Based on application, the invar tooling market is segmented into transportation, marine, wind energy, aerospace, construction and others. Lucintel forecasts that the aerospace market is expected to remain the largest segment due to the development of novel applications using composites in the aerospace industry.
“North America will dominate the invar tooling market in near future”
North America is expected to remain the largest region over the forecast period due growth in end use applications and due to a wider acceptance of invar tooling in product manufacturing and mass customization.
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Major players of invar tooling market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Ascent Tooling Group, Janicki Industries, Aperam Alloys Imphy Alloys, Carpenter Technologies, Neos Technologies Limited (Hockley Pattern & Tool), Loiretech, Waukesha Foundry Inc. are among the major invar tooling providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/invar-tooling-market.aspx or [email protected]