Dies, Jigs and Other Tools Market Size 2023 Growth Challenges and Opportunities and Forecast 2030
Dies, Jigs and other Tools Market
As per Market Research Future (MRFR), the global dies,
jigs and other tools market is projected to reach $88.8
billion with a CAGR of 9.83% from 2022 to 2030 (forecast
period). The study addresses the strengths, opportunities, challenges, and
potential business risks and provides a rigorous overview of the global market
situation with the results of COVID-19.
Key Players
Notable players in the the global dies, jigs and
other tools market growth are Kennametal Inc. (US),
Rotometrics (US), ALLMATIC-Jakob Spannsysteme GmbH (Germany), MISUMI Group Inc.
(Japan), Meusburger Georg GmbH & Co KG (Austria), Midway Rotary Die
Solutions (US), Tipco Punch Inc. (US), Sterling Industrial Products (India),
Dies Plus (US), and AWEBA Werkzeugbau GmbH (Germany).
The dies, jigs and other tools market includes the sales of
special tools and fixtures such as cutting dies and jigs and related products
by entities (organizations, sole traders, and partnerships) providing dies,
jigs and other tools.
These tools are used to transform the raw materials into the
required shape in various manufacturing industries like automobiles,
metalworking, electronics, and plastics. In general, dies, jigs and other tools
are used as attachments to the machine.
Get Free Sample PDF@ https://www.marketresearchfuture.com/sample_request/8652
Market Dynamics
In the historic period, the key drivers of the market were
an increase in manufacturing activity in developing markets and increased
spending on construction projects, while the main constraints were fluctuating
raw material prices; in the forecast period, the key drivers of the market will
be growth in the automotive industry, technological developments, and growth in
consumer markets, while the main threat is trade protectionism.
Market Segmentation
The global market for dies, jigs and other tools has been
segmented based on type and application.
By type, the global dies, jigs and other tools market has
been segmented into dies, jigs and fixtures, stamping, and other tools. The
stamping segment captured the largest market share in 2018, as these tools
provide quick and cost-effective solutions for metal processing. Stamping, also
known as a pressing tool, is used to transform flat metal sheets into specific
shapes using metal forming techniques, like blanking, punching, bending, and
piercing.
By application, the global dies, jigs and other tools market
has been segmented into automobile, metalworking, electronics, plastics
manufacturing, and others. The automobile segment had the largest market share
in 2018. The increase in vehicle production and the increasing automotive parts
industry is expected to increase the demand for dies, jigs and other tools in
the automotive industry. In addition, increased production of parts and
vehicles raises the need to ensure high productivity and maximum uptime, which
further boosts demand for dies, jigs and other tools in automotive
applications.
Regional Analysis
Regionally, the global dies, jigs and other tools market has
been segmented into North America, Asia Pacific, South America, Europe, and the
Middle East & Africa.
The Asia Pacific is expected to dominate the market for
dies, jigs and other tools due to the presence of China, India, and Japan. The
key factors that aim to develop manufacturing facilities for automotive
components and industrial components in the area are increased vehicle sales,
low labor costs, an increasing economy, and a continuous increase in ease of
operation.
In 2018, North America held the second-largest market share
in the global dies, jigs and other tools market, mainly due to increasing
investments in the automotive, aviation, food processing, and packaging
industries and the presence of significant market players in the region are
factors driving demand for dies, jigs and other tools in North America. Due to
the growing demand for passenger cars, the automotive industry expects to gain
substantial investment inflows from several big OEMs. In addition, growing
investment in the production of jigs and fixtures, increased end-use
industries, and a rising number of construction and infrastructure development
projects in North America are predicted to propel the market for dies, jigs and
other tools in the area during the forecast period.
Western Europe is expected to see a tremendous increase in
the market for dies, jigs and other tools. The region is headquarters to one of
the largest manufacturing industries for machine tools, automotive,
electronics, consumer goods, and others, with an increase in the adoption of
advanced technology and an increase in import and export activities expected to
fuel the market's growth.
Germany is one of the leading manufacturers of dies, jigs
and other tools in Western Europe. Growing construction, manufacturing, and
automotive industries, time effectiveness, improved efficiency, and precision
and accuracy across metalworking industries, including the automotive and
manufacturing industries, are projected to drive the market for dies, jigs, and
other tools in the country during the forecast period.
Access Complete Report@ https://www.marketresearchfuture.com/reports/dies-jigs-other-tools-market-8652
Also More Related Reports –
Casino
Gaming Equipment Market
About Market Research Future:
Market Research Future (MRFR) is a global market research
firm that takes great pleasure in its services, providing a detailed and
reliable study of diverse industries and consumers worldwide. MRFR's methodology
integrates proprietary information with different data sources to provide the
client with a comprehensive understanding of the current key trends, upcoming
events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by
a competent team of research analysts who provide useful analytics and data on
technological and economic developments. Our deemed analysts make industrial
visits and collect valuable information from influential market players. Our
main goal is to keep our clients informed of new opportunities and challenges
in various markets. We offer step-by-step assistance to our valued clients
through strategic and consulting services to reach managerial and actionable
decisions.
Contact Us:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US) +44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website:https://www.marketresearchfuture.com
Blog:https://marketresearchandgrowthforecast.blogspot.com
Comments
Post a Comment