Special die, tool, die set, jig and fixture market produce special type of tools & fixtures for instance cutting dies and jigs. These establishments are also identified as tool & die shops. These tools are generally used to convert the raw materials into a required shape in several manufacturing industries including electronics, automobiles, metalworking and plastic manufacturing. Dies, jigs and other tools are usually used as an attachment to the machine. Growth in manufacturing, construction, and automotive industries, improved efficiency, time effectiveness, and precision & accuracy provided across metalworking industries such as automobile & manufacturing industries are anticipated to drive the special dies, jigs, and other tools market during the forecast period.
As per analysis, “Special
Die And Tool, Die Set, Jig, And Fixture Global Market Report 2020-30: Covid 19
Impact and Recovery” the key companies operating in the global special
die & tool, die set, jig and fixture market include MISUMI Group Inc.;
Kennametal, Inc.; Roto-Die Company, Inc.; Midway Rotary Die Solutions;
ALLMATIC-Jakob Spannsysteme GmbH and among others. The leading manufacturers
are using advanced 6-axis CNC milling machines to efficiently fabricate complex
components. These CNC machines are special type of computer numerical
controlled machine that involves the use of computers for controlling the
machine tools like mills, grinders, lathes and router. This 6-axis CNC machines
convert the raw metal bar into the final product by turning from both end of
the fixture.
Based on type, special die, tool, die set, jig and fixture market is segmented as jigs, stamping and other tools, dies, fixture and others. The stamping segment dominates the global market as these tools provide quick & cost-effective solutions for metal processing. In addition, based on application, market is segmented as automotive and others.
Growth in automotive industries,
followed by increase in import & export activities and growth of
manufacturing industries are some major factors, which are responsible for
growth of the special die & tool, die set, jig and fixture market. Apart
from this, increase in raw material prices is a major restraining factor for
market.
Based on geography, the
Asia-pacific region holds major share in global
special die & tool, die set, jig and fixture market owing to low labor
cost, growth in economy, rise in sales of vehicles, and continuous increase in
ease of doing business across the region. The North-America is the second
largest region in the market due to presence of major market players and growth
in investments in the aviation, automotive, and food processing & packaging
industries in the region. The Europe region is estimated to witness higher growth
rate because of increase in the adoption of advanced technology, increase in
import & export activities coupled with growth in manufacturing industries
for automotive, electronics, machine tools, consumer products, and others over
the forecast period. It is projected that future of the global special die
& tool, die set, jig and fixture market will be bright on account of growth
in renovation of existing infrastructure during the forecast period.
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Global
Special Die and Tool Die Set Jig and Fixture Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
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