Tooling Market Outlook, Trends And Growth 2024-2030
The global tooling market is projected to reach USD 261.3 billion in 2023, registering a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period 2024-2030. The growth of the market is majorly driven by the rising adoption of tooling across the manufacturing industry to produce parts of various machines, along with providing high-quality and customized products, while keeping the production costs low.
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