Vietnam Molds and Dies Market worth $944.1 M by 2020

Thursday 14 April 2016, Amsterdam

The Report, now available on ASDReports, “Vietnam Molds and Dies Market By Product Type (Plastic Molds; Sheet Metal Dies; Die Casting Dies; Forging; Jigs, Fixtures, and Gauges; Others), End User (Plastics, Electrical & Electronics, Automotive, Others) -Forecast to 2020” is estimated to reach $944.1 million by 2020, at a CAGR of 8.2% from 2015 to 2020.

Molds and dies are important machine tools used by various industries to carry out mass production. Molds are used when the products that are being manufactured, need to be hollow in the middle. Dies are used to stamp solid products out of media such as steel.

A majority of the companies in Vietnam use technology and equipment developed in Japan in their manufacturing processes. There is a strong support from the molding sector of Japan to the Vietnam molds and dies market. It offers growth opportunities to companies, who have adopted advanced technologies to strengthen their position in the Vietnam molds and dies market.

Based on product type, the Vietnam molds and dies market has been classified into plastic molds, sheet metal dies, die casting dies, forging dies, jigs, fixtures, gauges, and others. The others category includes press dies, powder metallurgy dies, rubber dies, and ceramics dies.

Electronics & electrical, plastics, and automotive industries are the major end users of the Vietnam molds and dies market. Apart from these, other end users of the Vietnam molds and dies market includes sectors, such as industrial machinery, healthcare, glassware, and so on.

The report also includes supply chain analysis; trade analysis; and tooling, molds, and dies competence. Apart from these, market metrics such as drivers, restraints, opportunities, challenges have also been studied in the report. In addition, it presents a competitive scenario and company profiles of the key players in this market.