Dies, Jigs and Other Tools Market Forecast To 2023: Major Key Players Kennametal, Inc., MISUMI Group Inc., Roto-Die Company, Inc., ALLMATIC-Jakob Spannsysteme GmbH, Midway Rotary Die Solutions

Dies, Jigs And Other Tools Market - By Segments (Dies, Jigs And Fixtures, And Stamping And Other Tools), By Country, And By Region, Opportunities And Strategies – Global Forecast To 2023 By The Business Research Company

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.

Dies, Jigs And Other Tools Market Drivers:
The key drivers of the dies, jigs and other tools market include:
Increased Spending on Construction Projects – The dies, jigs and other tools market benefitted from the rise in metal consumption by construction industry globally, during the historic period. Buildings with metal structures have become a standard choice for the construction of commercial and industrial facilities. For instance, around 40 million tons steel was used in the construction industry in the US in 2018. According to the USA’s Metal Building Manufacturers Association (MBMA) 34% of its members’ sales are generated from commercial buildings. This rise in metal consumption increased the demand for tools used for welding positioners, jigs and cutting dies, thus driving the market during this period.

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Dies, Jigs And Other Tools Market Segmentation:
The Dies, Jigs And Other Tools market is categorized by segment, and by geography.
By Segment - The dies, jigs and other tools market is categorized by segment into
a) Stamping and Other Tools
b) Jigs and fixtures
c) Dies
The stamping and other tools segment accounted for the largest share of the die set, jig and fixture manufacturing market in 2018, mainly due to extensive use of stamping and other tools to give shape to metal products and to the higher price of these tools compared with dies and jigs and fixtures.

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By Geography - The dies, jigs and other tools market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in dies, jigs and other tools market are
• Kennametal, Inc.
• MISUMI Group Inc.
• Roto-Die Company, Inc.
• ALLMATIC-Jakob Spannsysteme GmbH
• Midway Rotary Die Solutions

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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