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The technologies in automotive tooling have undergone significant change in recent years, with metal based stamping dies to plastic based tooling. The rising wave of new technologies, such as stamping dies, casting, and plastic technologies are creating significant potential for advanced tooling market in various vehicle platforms to design and produce complex parts using various machines.
In automotive tooling market, various material technologies, such as stamping dies, casting, and plastic are used in tooling for the passenger car, and commercial vehicle applications. Rapid development in advance manufacturing technologies and lower cost of raw materials are creating new opportunities for various automotive tooling technologies.
Some of the latest technological developments by various countries in the automotive tooling market are as follows:
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Germany: Bosch announced collaboration with Siemens to develop AI-powered toolpath optimization for stamping dies. This aims to reduce development time and material waste. The German government aims to invest €2 billion in research for lightweight materials and innovative forming techniques for car bodies.
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Japan: Mitsui Chemicals announced a new high-strength, lightweight resin for plastic car parts, targeting a 20% weight reduction compared to traditional materials. Toyota is investing in additive manufacturing (3D printing) technologies for casting molds, aiming for faster prototyping and complex designs.
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South Korea: Hyundai set a target to increase the use of recycled aluminum in casting by 30% by 2030, promoting sustainable tooling practices. South Korean tooling companies are focusing on developing tools for electric vehicle battery production, driven by the growing EV market.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the automotive tooling market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.