Global Dies, Jigs and Other Tools Market: Industry Analysis and

  • Global Dies, Jigs and Other Tools Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, at a CAGR of 9.2%.

    The Global Dies, Jigs and Other Tools market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Dies, Jigs and Other Tools report also provides trends by market segments, technology, and investment with a competitive landscape.

    Global Dies, Jigs and Other Tools Market

    To know about the Research Methodology :- Request Free Sample Report
    Global Dies, Jigs and Other Tools Market Overview:

    Dies, jigs and fixture are engineering tools used mainly for the manufacturing and material shaping processes. Dies are used for material cutting and forming operations. Also, jigs and fixtures are used together as fixtures are used to hold the component to confirm the interchangeability of the manufactured component and jigs are used for rimming, drilling, tapping, boring and other operations with the help of fixtures.

    Stamping tools are used for coining, punching, blanking, embossing and other forming processes. The end products are used in the manufacturing of consumer goods including washing machine, dishwashers, vacuum cleaners and others. Moreover, the die and punches are used in the construction industry for the cement solidification process and bricks punching methods.

    Factors attributing to the growth of the market are the growing manufacturing industry and the increasing automobile sector across the globe. Furthermore, the growing demand for interchangeability and increasing construction projects across the globe are the supporting factors considered to drive market growth. Process simplification and accurate machining are some of the qualities maintained by jigs, fixtures and other tools.
    Global Dies, Jigs and Other Tools Market Dynamics:

    Growing urbanization and henceforth, growing demand for manufacturing components across the globe and increasing need for precision in automobile manufacturing are the factors considered to drive the growth of the market. Furthermore, automation in tools manufacturing and increasing profit margins accounted by tooling methods are the supporting factors attributing to market growth.

    Increasing tariff charges on important raw materials including steel, Iron and Aluminium is the key factor restraining the growth of the market. Moreover, the inclusion of tooling technologies like robotic machining and laser beam machining which gives high productivity and includes less labour is the key supporting factor restraining the growth of the market.

    Improvement in advanced machining processes including 3D printing, robotic machining is the expected opportunities for key players in the market. Moreover, the increasing use of stamping tools for high interchangeability is the factor expected to drive market growth.
    Global Dies, Jigs and Other Tools Market Segment Analysis:

    Based on product, the market is segmented as jigs, fixtures, dies, stamping tools and punches. Jigs and fixtures are the dominating segments in the market with a market share of approximately 37% in the year 2019. Factors attributing to the growth of the segment are the high productivity of machining and portability of the tools.

    Moreover, the low rate of burr formation is the key supporting factor driving the growth of the segment. Stamping tools accounted for 29% of the market share in the year 2019 and expected to grow as the fastest-growing segment during the forecast period. Factors accounted for market growth of the stamping tools segment are high quality of manufacturing and less time consumption compared to jigs and fixtures.

    Based on application, the market is classified into plastic manufacturing, automobiles, metalworking, construction, electronics and consumer goods. The automobile sector is the dominating segment in the market with a market share of approximately 43% owing to increasing automation in the automobile sector across the globe and several emerging players investing in the research and development of tooling technologies including ROTO die company, Norelem SAS, and others.

    Metalworking is the second dominating segment in the market with approximately 30% market share owing to increasing demand for manufactured metal parts in the industry and collaborations of metalworking industries with consumer goods industries resulting in an increase of sales of products in both domains.

    Based on the distribution channel, the market is divided into retail stores and distributors. Distributors is the dominating segment in the market with approximately 75% market share in 2019 owing to increasing mergers between manufacturers and dealers/distributors. Furthermore, companies are selling products to distributors directly, selling power of distributors is increased. Retail stores are accounted for 20% of the market share and work only on a local basis as the sales network is not that strong for local groups of retailers.
    Global Dies, Jigs and Other Tools Market Regional Insights:

    The Asia Pacific is the dominating region in the market with approximately 48% market share. Factors attributing to market growth in the region are emerging automotive and construction industries in the region owing to rapid urbanization and increasing disposable income of the consumers.

    Emerging economies in the region including China, India and Japan are attributing for the 65% market share owing to the high mobility of the manufacturing sector in the region and increasing mergers between distributors and manufacturers. Furthermore, the easy availability of raw material in the above emerging economies is the key supporting factor driving the market growth.

    North America is the second dominating segment in the market and expected to be the fastest-growing region during the forecast period with approximately 6% CAGR. Factors attributing to market growth in the region are emerging technologies in the automation and robotic manufacturing domain and low import charges on raw material supplies.
    Global Dies, Jigs and Other Tools Market Regional Insights 2020-2026

    Global Dies, Jigs and Other Tools Market Regional Insights

    The objective of the report is to present a comprehensive analysis of the Global Dies, Jigs and Other Tools Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

    The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

    The report also helps in understanding the Global Dies, Jigs and Other Tools Market dynamics, structure by analyzing the market segments and project the Global Dies, Jigs and Other Tools Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Dies, Jigs and Other Tools Market make the report investor’s guide

    for more info:https://www.maximizemarketresearch.com/market-report/global-dies-jigs-and-other-tools-market/93511/


    Global Dies, Jigs and Other Tools Market Scope: Inquire before buying

    Global Dies, Jigs and Other Tools Market
    Global Dies, Jigs and Other Tools Market, by Region

    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • South America
    Global Dies, Jigs and Other Tools Market Key Players

    • Kennametal, Inc.
    • RotoMetrics
    • MISUMI Group, Inc.
    • Dies Plus
    • Tipco Punch Inc.
    • Midway Rotary die Solutions
    • ALLMATIC- Jacob Spannsysteme GmbH
    • AWEBA Werkzeugbau GmbH
    • Sterling Industrial Products
    • Norelem SAS
    • Unique Tool and Gauge Inc.
    • Magor Designs Ltd.
    • ASAHI Tools Mfg. Co. Ltd.
    • Heinrich Kipp Werk KG
    • Meusberger Georg GmbH & Co. KG

     

    For More Information Visit @:
    This Report Is Submitted By : Maximize Market Research Company
    Customization of the report:
    Maximize Market Research provides free personalized of reports as per your demand. This
    report can be personalized to meet your requirements. Get in touch with us and our sales team
    will guarantee provide you to get a report that suits your necessities.

    About Maximize Market Research:
    Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging
    opportunities & technologies as well as threats to the companies across the Healthcare,
    Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages,
    Aerospace and Defense and other manufacturing sectors.