Global Dies, Jigs and Other Tools- Market Overview:
Dies, jigs, and other tools belong to a category of manufacturing equipment and accessories that are used in various industries for shaping, machining, and assembling parts and components. Dies are specialized tools that are used for cutting, shaping, or forming materials such as metal, plastic, or wood into specific shapes or configurations. Jigs are fixtures used to hold and guide workpieces during assembly processes, ensuring accuracy and consistency in the finished product. Other tools in this category include fixtures, gauges, moulds, patterns, and cutting tools, all of which play essential roles in manufacturing processes such as casting, forging, machining, and assembly. Manufacturers are seeking to improve the quality and efficiency of their production processes to remain competitive in the market. Dies, jigs, and other tools play a critical role in achieving consistent and accurate results, reducing waste, and minimizing production costs.
As per latest study released by AMA Research, the Global Dies, Jigs and Other Tools- market is expected to see growth rate of 8.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing demand for customized and personalized products
Market Growth Drivers:
Growth in automotive, aerospace, electronics, and consumer goods drives demand. and Technological advancements in manufacturing processes and materials require specialized tools and equipment to achieve precision, efficiency, and quality.
Challenges:
Growing shortage of skilled workers in the manufacturing industry
Restraints:
The production of dies, jigs, and other tools often involves high upfront costs for materials and equipment.
Opportunities:
Rising adoption of Industry 4.0 principles in automation, data exchange, and smart manufacturing technologies.
Competitive Landscape:
As manufacturing processes become more automated, there is an increasing demand for specialized tools like jigs and fixtures to ensure precise positioning and alignment of components during automated assembly or machining processes. Consumer demand for customized products is rising, leading to more complex manufacturing processes. Dies and other tooling are essential for shaping, cutting, and forming materials into intricate designs and configurations. It requires high levels of efficiency and precision to meet quality standards and minimize waste. Manufacturers are investing in advanced dies, jigs, and tools to capitalize on these advancements and stay competitive.
Some of the key players profiled in the report are Kennametal Inc. (United States), Maxcess (United States), ALLMATIC-Jakob Spannsysteme GmbH (Germany), MISUMI Corporation (Japan), K & K Tool & Die Co.,Ltd. (China), Meusburger Georg GmbH & Co KG (Austria), Tipco Punch Inc. (Canada), AWEBA Werkzeugbau GmbH (Germany), Apex Tool Works Inc. (United States) and LeClaire Manufacturing Co. (United States). Additionally, following companies can also be profiled that are part of our coverage like norelem (United States), Swarda Tools & Dies (India), Sterling Industrial Products (India), ESI Engineering Specialties Inc. (United States) and Unique Tool & Gauge Inc. (Canada). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Dies, Jigs and Other Tools- market by 2030.
Latest Market Insights:
In December 2023, Sandvik AB acquired Buffalo Tungsten, Inc. (BTI), a prominent manufacturer specializing in tungsten metal powder and tungsten carbide powder production, with a primary market focus on North America. With the integration of BTI into Sandvik's operations, Sandvik can achieve greater control over its supply chain and streamline operations, leading to improved efficiency and cost savings.
What Can be Explored with the Dies, Jigs and Other Tools- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Dies, Jigs and Other Tools- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Dies, Jigs and Other Tools-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dies, Jigs and Other Tools- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dies, Jigs and Other Tools- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Manufacturers, Sellers and Suppliers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.