Global Dies, Jigs and Other Tools Market Future Insights, Market Revenue and Threat Forecast by 2025
Market Overview
The Global Dies, Jigs and other Tools Market is expected to be valued at USD 108,566.2 Million by 2025, with a CAGR of 9.83% during the forecast period (2019–2025).
The report covers segmentation and drivers for a better glimpse of the market in the coming years. The equipment that aid in the conversion of raw materials into a required shape is commonly referred to as dies and molds. These tools are used to cut, shape, and form precision components in various manufacturing industries such as automobiles, metalworking, electronics, and plastics manufacturing. These tools increase the manufacturing output capacity, raise the quality standard of a product produced, enhance the price competitiveness of the product produced, and reduce the lifecycle cost of a product.
Competitive Analysis
Some of the prominent players in the Global Dies, Jigs and other Tools Market are Midway Rotary Die Solutions (US), Tipco Punch Inc. (US), Sterling Industrial Products (India), Dies Plus (US), AWEBA Werkzeugbau GmbH (Germany), Kennametal Inc. (US), Rotometrics (US), ALLMATIC-Jakob Spannsysteme GmbH (Germany), MISUMI Group Inc. (Japan), and Meusburger Georg GmbH & Co KG (Austria).
Kennametal Inc. focuses on enhancing its product portfolio and on-ground distributor network. It intends to develop strategic sourcing and further simplifying its product portfolio to meet the customer demand for cost-effective industrial equipment. The company strategizes to invest in the development and improvement of its sales and distribution channel strategies to strengthen its product distribution and supply network to enhance its value chain. Furthermore, it also focuses on formulating long-term investment strategies with its clients and raw material suppliers to minimize the risk of fluctuations in raw material prices.
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Market Research Analysis
Western Europe is expected to witness an excellent growth in the dies, jigs, and other tools market. The region is home to one of the largest manufacturing industries for machine tools, automotive, electronics, consumer products, and others, globally, an increase in the adoption of advanced technology and an increase in import and export activities is expected to provide a boost to the growth of the market.
Germany is one of the major producers of dies, jigs and other tools in Western Europe. Growing construction, manufacturing, and automotive industries, time effectiveness, improved efficiency, and precision and accuracy provided across metalworking industries, including automobile and manufacturing industries are expected to drive the dies, jigs, and other tools market in the country during the forecast period.
Market Segmentation:
The Global Dies, Jigs and other Tools Market is segmented based on type and application. On the basis of type the global dies, jigs and other tools market is segmented into dies, jigs and fixtures, stamping, and other tools. The stamping segment held the largest market share in 2018 as these tools offer quick and cost-effective solutions for metal processing. Stamping, is also known as a pressing tool, is used to convert flat metal sheets into specific shapes using metal forming techniques including blanking, punching, bending, and piercing.
On the basis of application the global dies, jigs and other tools market is segmented into automobile, metalworking, electronics, plastics manufacturing, and others. The automobile segment held the largest market share in 2018. An increase in the production of vehicles and growing automotive parts industry are expected to enhance the demand for dies, jigs, and other tools in the automobile industry. Moreover, the increased production of parts and vehicles increase the need to ensure high productivity and maximum uptime, which further fuels the demand for the dies, jigs, and other tools in automotive applications.
Regional Analysis:
On the basis of region, the Global Dies, Jigs and other Tools Market is segmented into Asia-Pacific, North America, Western Europe, Eastern Europe, South America, and the Middle East and Africa.
The report studies key players and provide an eight-year annual trend analysis, which highlights market size, volume, and share for Europe, North America, Asia-Pacific, and the Rest of the world. The report also provides a forecast, which focus on the market opportunities during the forecast period for each region. The scope of the study segments the global flame arrestors market by application, vehicle type, sales channel, and region.
List Of Tables
TABLE 1 LIST OF ASSUMPTIONS 26
TABLE 2 MAJOR GRANTED PATENTS ON DIES, JIGS, AND OTHER TOOLS (07 SEPTEMBER 2015–07 SEPTEMBER 2019) 40
TABLE 3 GLOBAL DIES, JIGS AND OTHER TOOLS MARKET, BY TYPE, 2017–2025 (USD MILLION) 44
TABLE 4 GLOBAL DIES, JIGS AND OTHER TOOLS MARKET, BY APPLICATION, 2017-2025 (USD MILLION) 46
TABLE 5 GLOBAL DIES, JIGS AND OTHER TOOLS MARKET, BY REGION, 2017–2025 (USD MILLION) 48
TABLE 6 ASIA-PACIFIC: DIES, JIGS AND OTHER TOOLS MARKET, BY COUNTRY, 2017–2025 (USD MILLION) 49
TABLE 7 ASIA-PACIFIC: DIES, JIGS AND OTHER TOOLS MARKET, BY TYPE, 2017–2025 (USD MILLION) 50
TABLE 8 ASIA-PACIFIC: DIES, JIGS AND OTHER TOOLS MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 50
TABLE 9 CHINA: DIES, JIGS AND OTHER TOOLS MARKET, BY TYPE, 2017–2025 (USD MILLION) 51
TABLE 10 CHINA: DIES, JIGS AND OTHER TOOLS MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 51
Continued…….
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LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 14
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL DIES, JIGS AND OTHER TOOLS MARKET 15
FIGURE 3 GLOBAL DIES, JIGS AND OTHER TOOLS MARKET ANALYSIS, BY TYPE 16
FIGURE 4 GLOBAL DIES, JIGS AND OTHER TOOLS MARKET ANALYSIS, BY APPLICATION 17
FIGURE 5 GLOBAL DIES, JIGS AND OTHER TOOLS MARKET ANALYSIS, BY REGION 18
FIGURE 6 GLOBAL DIES, JIGS AND OTHER TOOLS MARKET: MARKET STRUCTURE 19
FIGURE 7 KEY BUYING CRITERIA OF THE GLOBAL DIES, JIGS AND OTHER TOOLS MARKET 20
FIGURE 8 RESEARCH PROCESS OF MRFR 21
FIGURE 9 NORTH AMERICA MARKET SIZE & MARKET SHARE, BY COUNTRY (2018 VS 2025) 27
FIGURE 10 WESTERN EUROPE MARKET SIZE & MARKET SHARE, BY COUNTRY (2018 VS 2025) 28
Continued…….
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