Special Die And Tool, Die Set, Jig, And Fixture Global Market Report 2024

The special die and tool, die set, jig, and fixture market size has grown strongly in recent years. It will grow from $57.83 billion in 2023 to $61.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed during the historical period can be attributed to various factors, including the expansion of the manufacturing industry, the importance of precision engineering, the demand for customization and prototyping, the influence of the automotive and aerospace industries, and the focus on enhancing quality and efficiency in manufacturing processes. These elements have played a significant role in shaping the special die and tool, die set, jig, and fixture market.

The special die and tool, die set, jig, and fixture market size is expected to see strong growth in the next few years. It will grow to $79.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. Anticipated growth in the forecast period can be attributed to various factors, including the adoption of advanced manufacturing technologies, an emphasis on customization and agile manufacturing practices, a focus on sustainability and eco-friendly production methods, the integration of automation and robotics, and the globalization of manufacturing operations. Major trends expected in the forecast period include the utilization of 3D printing and additive manufacturing for tooling, the development of smart and IoT-enabled fixtures, the use of lightweight and composite materials, the implementation of modular and reconfigurable fixtures, and the application of digital twin technology in the special die and tool, die set, jig, and fixture industry.

The increasing demand for automation within manufacturing processes is poised to be a driving force behind the growth of the specialized die and tool, die set, jig, and fixture market in the foreseeable future. Automation in manufacturing entails the utilization of advanced technologies, machinery, and control systems to execute tasks, oversee production, and manage operations with minimal human intervention. In automated manufacturing, specialized dies, tools, and fixtures are seamlessly integrated into production lines to optimize processes and bolster efficiency. As an illustration, data from a 2022 report by Impact Networking, LLC reveals that 43% of manufacturers have already adopted robotic process automation, with an additional 43% planning to implement such initiatives. Furthermore, 40% of manufacturers are actively utilizing IoT technology, and an additional 47% have intentions to incorporate it in the near future. This surging demand for automation in manufacturing processes is expected to be a catalyst for the growth of the specialized die and tool, die set, jig, and fixture market.

The primary categories within the special die and tool, die set, jig, and fixture market include dies, stamping equipment, and various other tooling types. 'Dies' in this context refer to machinery used in manufacturing industries to shape materials into desired forms. These tools come in different capacities, including small, medium, and large, and are employed in a range of applications within the manufacturing sector, including automotive and others.

The special die and tool, die set, jig, and fixture market research report is one of a series of new reports that provides special die and tool, die set, jig, and fixture market statistics, including special die and tool, die set, jig, and fixture industry global market size, regional shares, competitors with a special die and tool, die set, jig, and fixture market share, detailed special die, and tool, die set, jig, and fixture market segments, market trends and opportunities, and any further data you may need to thrive in the special die and tool, die set, jig, and fixture industry. This special die and tool, die set, jig, and fixture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global expansion of the construction industry is anticipated to be a significant driver for the specialized die and tool, die set, jig, and fixture market in the forecast period. The construction industry encompasses activities related to building, repairing, renovating, and maintaining infrastructure. Special dies, tools, die sets, jigs, and fixtures play a pivotal role within the construction industry, enabling precise metal fabrication, concrete formwork, assembly, alignment, welding, drilling, quality control, and customized component manufacturing. Recent data from the U.S. Census Bureau in August 2023 indicates that construction spending reached $1,938.4 billion, representing a 3.5% increase from the estimated $1,873.2 billion in June 2022. This expansion within the construction sector is expected to drive the growth of the specialized die and tool, die set, jig, and fixture market.

The outbreak of COVID-19 in 2020 had a substantial negative impact on the specialized die and tool, die set, jig, and fixture manufacturing market. Supply chains were disrupted due to trade restrictions, and manufacturing activity declined due to widespread lockdowns imposed by governments worldwide. Despite the ongoing challenges, it is expected that the specialized die and tool, die set, jig, and fixture manufacturing market will gradually recover from this shock in the forecast period, as this crisis is considered a 'black swan' event, not linked to enduring or fundamental weaknesses in the market or the global economy.

Major companies operating in this market are introducing innovative products such as the FDM Fixture Generator to enhance their product offerings. The FDM Fixture Generator automates the creation of 3D-printed jigs, fixtures, and masks, simplifying tasks on the factory floor. For instance, in March 2021, nTopology Inc., a U.S.-based engineering software company, launched the FDM Fixture Generator, featuring the Masking Fixture Module. This tool simplifies the design of 3D-printed custom fixtures and transforms intricate part surfaces into protective plugs, masks, and enclosures. With the FDM Fixture Generator, up to 90% of the design work for 'basic' jigs and fixtures can be automated, while the Masking Fixture Module ensures the safety and cleanliness of parts during manufacturing, eliminating the need to design unique jigs and fixtures.

The specialized die and tool, die set, jig, and fixture manufacturers are increasingly utilizing advanced 6-axis CNC milling machines to efficiently fabricate intricate components. CNC milling is a specific type of computer numerical control (CNC) machining that involves using computers to oversee various machine tools. These sophisticated 6-axis CNC machines transform raw metal bars into final products by milling from both ends of the fixture, ensuring high-quality outcomes and minimizing errors. CNC milling is instrumental in the short-run production of complex parts and the fabrication of precise, unique components. Notable companies involved in the manufacturing of 6-axis CNC milling machines include Yamazaki Mazak, DMG MORI, ERLO, Giben International, Haas Automation, Knuth Machine Tools, and IMSA.

Major companies operating in the special die and tool, die set, jig, and fixture market include Toyota Tsusho, Carling Technologies Inc., Schuler AG, MISUMI Group Inc., Plastikon Industries Inc., Toyo Seikan Group Holdings Ltd., Toledo Molding & Die LLC, Roto-Die Company Inc., Ojim Inc., Griffiths Holding Corporation, Dayton Lamina Corporation, Penn United Technologies Inc., Oberg Industries LLC, C & A Tool Engineering Inc., Northern Engraving Corporation, G & H Diversified Mfg LP, Anchor Danly, DME Company LLC, Wilson Tool International Inc., Progressive Components International Corporation, Anchor Lamina America Inc., Carr Lane Manufacturing Co., Midway Grinding Inc., Bourn & Koch Inc., Dayton Progress Corporation, National Tool & Manufacturing Co., E&E Manufacturing Co. Inc., Hasco America Inc., Jergens Inc., Lempco Industries Inc., Meusburger US Inc.

The Asia-Pacific was the largest region in the special die and tool, die set, jig, and fixture market in 2023. North America was the second largest region of special die and tool, die set, jig, and fixture market. The regions covered in the special die and tool, die set, jig, and fixture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the special die and tool, die set, jig, and fixture market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The special die and tool, die set, jig, and fixture market consists of sales of closed jig, plate jig, sandwich jig, angle plate jig, box jig, channel jig, trunnion jig, pump jig. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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