Vietnam Molds and Dies Market is Expected to Reach $ 944.1 Million, at a CAGR of 8.2%By 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.

For More Information - http://www.micromarketmonitor.com/contact/7388895876-request_for_customization.html

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 Vietnam molds and dies market witnessed high growth in the recent years and the trend is expected to continue in coming years. The rising FDI in the electronics industry, increasing exports by the plastics industry, and growing support from the Japanese molding companies are some of the factors driving the growth of the molds and dies market in Vietnam.

Download Report Sample - http://www.micromarketmonitor.com/contact/7388895876-request_sample.html

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.