Dies, Jigs and Fixture Market Report is segmented by Type (Dies, Jigs and Fixtures, Stamping and other Tools), by Application (Automobile, Metalworking, Electronics, Plastics Manufacturing and others) by and Geography.
The Global Dies, Jigs and Fixture Market is projected to reach a market size value of USD 140 billion by 2028 at a CAGR of 9.3% during the forecast period of 2021-2028.
Dies, jigs and fixtures are also called production tools necessary in manufacturing accurately duplicate and interchangeable parts. To reiterate, the function of a jig is to guide the machine cutting tool while the fixture holds the work piece in a precise, calculated location. Dies, on the other hand, is the machine cutting tool specially designed for manufacturing industries. The drivers of growth of this market are, the increasing manufacturing activity of many industries as well as emerging markets, the high construction projects expenditures, growing automobile industry, technological innovations, and consumer markets are improving. There are also negative factors which may hinder the growth of this market. These are, the uncertain raw material costs and trade protectionism.
The trends in the market include automation, additive manufacturing and 3D printing.Automation tools are commonly equipped by manufacturers to lessen downtime and hasten production. It includes computerized control systems to operate manufacturing equipment; additive manufacturing entails customization of designs according to customers’ demand and application of 3D printing creates a functional prototype.
COVID-19 Impact on the Dies, Jigs and Fixture Market
The challenge lies in the disruption in raw materials supply because it is negatively affecting manufacturers since travel, transport of raw materials, and non-essential trade have been put off in many countries. This in turn affected production, causing a fewer volume of product sales. Dies, Jigs and Fixture suppliers have also experienced backlash because imports and exports in almost all countries have been restricted, if not limited. Availability of labor became a problem too since shutdowns of facilities and operations halted the production of raw materials for equipment used in the Dies, Jigs and Fixture.
Controlling the widespread of the virus is a great challenge to almost all of the countries because many sectors will have to compromise and deal with the negative impact on their sales. Many industries will have to adapt and adopt to the changes that will be imposed upon them by their governments. A massive setback on the growth of the Dies, Jigs and Fixture market is the disruption of the supply chain since manufacturing and distribution by key players or companies are being limited, if not, controlled by governments by imposing lock downs and halting travels across borders. The pandemic caused limitations when it comes to man power and rendering of labor services because social distancing is mandatory and viral transmission should be prevented. Man power is an essential factor in the propelling of the market’s growth because manufacturing facilities, and conducting the actual trials and tests for Dies, Jigs and Fixture cannot function when there’s limited people resources.
Factory shutdowns are also one of the main reasons for restraint in the growth of the market because the stoppage of production and manufacturing caused turmoil in terms of return of investments made by key players. The effect of the virus outbreak has caused a slow down in the investments made in the Dies, Jigs and Fixture market.
Key Findings in the Dies, Jigs and Fixture Market
In terms of type, the market is segmented into, Dies, Jigs and Fixtures, Stamping and other Tools. In terms of application, it is further segmented into, Automobile, Metalworking, Electronics, Plastics Manufacturing and others. The dies segment accounted for the largest share in 2020 due to the high demand and extensive use of dies in the manufacturing market.
Regional Market Analysis
In terms of regional segmentation, Asia Pacific is projected to have the largest share accounted for in the market in 2020 at 45.6% followed by North America and Europe.
Based on an extensive assessment, these major key players in the Dies, Jigs and Fixture Market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies are, Kennametal, Inc., MISUMI Group Inc., Roto-Die Company, Inc., ALLMATIC-Jakob, Spannsysteme GmbH, Midway Rotary Die Solutions, Norelem SAS, Asahi Tools Mfg. Co., Ltd., Unique Tool & Gauge Inc., Heinrich Kipp Werk KG, Magor Designs Limited, Tipco Punch Inc., RotoMetrics, Meusburger Georg GmbH & Co KG, AWEBA Werkzeugbau GmbH, Dies Plus, and Sterling Industrial Products.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Jigs and Fixtures
• Other tools
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Plastics Manufacturing
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Dies, Jigs and Fixture Industry Research Report
• Europe Dies, Jigs and Fixture Industry Research Report
• Asia Pacific Dies, Jigs and Fixture Industry Research Report
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