Special Die and Tool, Die Set, Jig and Fixture Market Opportunities and Strategies to 2033

This report describes and explains the special die and tool, die set, jig and fixture market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global special die and tool, die set, jig and fixture market reached a value of nearly $55.6 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.29% since 2018. The market is expected to grow from $55.6 billion in 2023 to $77.3 billion in 2028 at a rate of 6.80%. The market is then expected to grow at a CAGR of 6.11% from 2028 and reach $104 billion in 2033.

Growth in the historic period resulted from growth of the automotive industry, rising investments in defense, expansion of the aerospace sector and increasing industrialization. Factors that negatively affected growth in the historic period include a lack of raw materials and economic uncertainties or downturns.

Going forward, growth of the renewable energy industry, increasing investment in infrastructure, strong economic growth in emerging markets, rising adoption of automation, expansion of the manufacturing sector, rising urbanization and favorable government initiatives will drive the market. Factors that could hinder the growth of the special die and tool, die set, jig and fixture market in the future include supply chain disruptions.

The special die and tool, die set, jig and fixture market is segmented by type into dies, stamping and other tools and jigs and fixtures. The stamping and other tools market was the largest segment of the special die and tool, die set, jig and fixture market segmented by type, accounting for 68.35% or $38 billion of the total in 2023. Going forward, the stamping and other tools segment is expected to be the fastest growing segment in the special die and tool, die set, jig and fixture market segmented by type, at a CAGR of 6.92% during 2023-2028.

The special die and tool, die set, jig and fixture market is segmented by capacity into small, medium and large. The small market was the largest segment of the special die and tool, die set, jig and fixture market segmented by capacity, accounting for 39.53% or $22 billion of the total in 2023. Going forward, the small segment is expected to be the fastest growing segment in the special die and tool, die set, jig and fixture market segmented by capacity, at a CAGR of 7.39% during 2023-2028.

The special die and tool, die set, jig and fixture market is segmented by application into manufacturing, automotive and other applications. The manufacturing market was the largest segment of the special die and tool, die set, jig and fixture market segmented by application, accounting for 44.47% or $24.7 billion of the total in 2023. Going forward, the automotive segment is expected to be the fastest growing segment in the special die and tool, die set, jig and fixture market segmented by application, at a CAGR of 7.37% during 2023-2028.

Asia-Pacific was the largest region in the special die and tool, die set, jig and fixture market, accounting for 45.11% or $25.1 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the special die and tool, die set, jig and fixture market will be Africa and South America, where growth will be at CAGRs of 14.00% and 11.02% respectively. These will be followed by Western Europe and North America, where the markets are expected to grow at CAGRs of 7.67% and 7.57% respectively.

The global special die and tool, die set, jig, and fixture market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 3.15% of the total market in 2023. Misumi Group Honsha (MISUMI Group Inc.) was the largest competitor with a 0.82% share of the market, followed by Stanley Black & Decker Inc. with 0.72%, Gestamp with 0.60%, Sandvik (Sandvik Coromant) with 0.29%, Kennametal Inc. with 0.23%, Meusburger US Inc. with 0.15%, Schuler AG with 0.13%, Tooling Systems Group with 0.12%, Clow Stamping Company Inc. with 0.06% and Reich Tool & Design Inc. with 0.03%.

The top opportunities in the special die and tool, die set, jig and fixture market segmented by type will arise in the stamping and other tools segment, which will gain $15.1 billion of global annual sales by 2028. The top opportunities in the special die and tool, die set, jig and fixture market by capacity will arise in the small segment, which will gain $9.4 billion of global annual sales by 2028. The top opportunities in the special die and tool, die set, jig and fixture market by capacity will arise in the manufacturing segment, which will gain $9.3 billion of global annual sales by 2028. The special die and tool, die set, jig and fixture market size will gain the most in the USA at $4.3 billion.

Market-trend-based strategies for the special die and tool, die set, jig and fixture market include integration of laser applications to enhance precision and reduce processing time, focus on innovative solutions to automate manufacturing process, rise in strategic mergers and acquisition activities to strengthen market position and new investments in production facilities to expand product portfolio.

Player-adopted strategies in the special die and tool, die set, jig and fixture market include focus on strengthening business operations through product expansions, strategic acquisitions and new product developments.

To take advantage of the opportunities, the analyst recommends the special die and tool, die set, jig and fixture companies to focus on laser technology for precision and efficiency, focus on robotics for process automation, focus on product portfolio expansion, focus on stamping and other tools segment, focus on small capacity segment, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on automotive application segment.