Dies, Jigs and Other Tools Manufacturing Market Global Trends And Strategies Report

The global jigs and fixtures and dies manufacturing market reached a value of nearly $56.8 billion in 2018, having grown at a compound annual growth rate (CAGR) of 8.6% from 2014, and is expected to grow at a CAGR of 9.3% to nearly $88.8 billion by 2023.

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Major Competitors are Kennametal, Inc., MISUMI Group Inc., Roto-Die Company, Inc., ALLMATIC-Jakob Spannsysteme GmbH, Midway Rotary Die Solutions.

The dies, jigs and other tools market consists of sales of special tools and fixtures such as cutting dies and jigs and related goods by entities (organizations, sole traders and partnerships) that provide dies, jigs and other tools.

In the historic period the main drivers of the market were the rise of manufacturing activity in emerging markets and increased spending on construction projects, while the main restraints were fluctuating raw material prices.

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Automation in Tools Manufacturing – Automation tools and robotic solutions are being used by tool manufacturers to reduce downtime and increase productivity. Automatic tools include the use of computerized control systems for operating manufacturing equipment. Major automatic tools include smart camera systems, intelligent control systems, shop floor monitoring systems, 3D vision technology and robotic material handling systems.

Additive/3D Printing Manufacturing – Tool manufacturers are increasingly deploying additive manufacturing technologies to offer customized designs to customers. Additive manufacturing refers to the application of 3D printing to create functional components including prototypes, tooling and end-use production parts.

Asia Pacific was the largest region in the jigs, tool and die manufacturing market in 2018, accounting for 45.6% of the global market. It was followed by North America and Western Europe. Going forward, the fastest growth in the dies, jigs and other tools manufacturing market will take place in Asia Pacific, followed by Eastern Europe.

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