The special die and tool, die set, jig and fixture market involves the manufacturing and sale of precision-engineered tools used to shape, mold and form materials in various industrial processes. This market plays a critical role in enabling manufacturers to produce parts and components with exact specifications. Special dies and tools are essential for industries that require highly accurate and repetitive manufacturing, such as automotive, aerospace and consumer goods production.
The special die and tool, die set, jig and fixture market consists of sales, by entities (organizations, sole traders or partnerships), of special die and tools, die sets, jigs and fixtures that refer to devices used to convert raw materials into a required shape in various manufacturing industries such as automobiles, metalworking, electronics and plastics manufacturing. Dies, jigs and other tools are generally used as an attachment to a machine.
The global special die and tool, die set, jig and fixture market was valued at $49,678.39 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 2.00%.
Growth Of The Automotive Industry
The growth of the automotive industry drove the growth of the special die and tool, die set, jig and fixture market during the historic period. As the automotive industry grew, driven by increasing global demand for vehicles, there was a significant rise in the production of automotive components. Manufacturers needed specialized dies, tools, jigs and fixtures to efficiently shape, mold and assemble key vehicle parts such as engines, body panels and transmission systems. For instance, according to the European Automobile Manufacturers Association (ACEA), a Belgium-based lobbying and standards group of the automobile industry in the European Union, the first three quarters of 2023 saw over nine million cars produced in the European Union (EU), a 14% increase over the same time in 2022. Additionally, in October 2023, according to the report published by the Society of Indian Automobile Manufacturers (SIAM), an India-based national body representing major vehicle and vehicular engine manufacturers, a total of 2,621,248 units of passenger cars, three-wheelers, two-wheelers and quadratics were produced by the Indian auto industry. Automobiles sold 3,89,714 units, while the sales of three-wheelers and two-wheelers amounted to 76,940 and 189,579 units, respectively. These data show an impressive increase in sales annually. Therefore, increasing automotive production supported the growth of the special die and tool, die set, jig and fixture market.
Focus On Innovative Solutions To Automate Manufacturing Process
Companies in the special die and tool, die set, jig and fixture market are focusing on innovative solutions such as robotics to automate various processes such as welding, cutting and polishing in metalworking and manufacturing processes. For example, in June 2023, Pro Spot International, a US-based manufacturer of resistance spot welding equipment, designed and manufactured the world's first cobot spot welder. The cobot spot welder is designed to improve safety and efficiency in the metalworking industry. With the new i5s resistance spot welder, Pro Spot developed a lightweight solution, that has been delivering 2-3x more manufacturing capacity than manual spot welding. The use of cobots, like the one in Pro Spot's system, can complement the use of special dies and fixtures by automating tasks that would otherwise require manual intervention. This integration can lead to more efficient production lines, where cobots handle repetitive tasks while specialized tools and fixtures ensure precision and consistency.
The global special die and tool, die set, jig, and fixture market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 3.15% of the total market in 2023.
Special Die And Tool, Die Set, Jig And Fixture Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global special die and tool, die set, jig and fixture market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for special die and tool, die set, jig and fixture? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The special die and tool, die set, jig and fixture market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider special die and tool, die set, jig and fixture market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by capacity and by application.
- Product Analysis- The product analysis section of the report describes the leading products in the cards and payments market, along with key features and differentiators for those products.
- Supply Chain The supply chain section of the report defines and explains the key players in the cards and payments supply chain.
- Customer Information The chapter covers recent customer trends/preferences in the global cards and payments market.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the special die and tool, die set, jig and fixture market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by capacity and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for special die and tool, die set, jig and fixture providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Dies; Stamping And Other Tools; Jigs And Fixtures
- 2) By Capacity: Small; Medium; Large
- 3) By Application: Manufacturing; Automotive; Other Applications
- Companies Mentioned: Misumi Group Honsha (MISUMI Group Inc.); Stanley Black & Decker Inc.; Gestamp; Sandvik (Sandvik Coromant); Kennametal Inc.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam, Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Brazil; Mexico; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Chile; Argentina; Colombia; Peru; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; special die and tool, die set, jig and fixture indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.