The Special Die And Tool, Die Set, Jig, And Fixture Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s 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 in the historic period can be attributed to manufacturing industry growth, precision engineering, customization and prototyping, automotive and aerospace industries, quality and efficiency improvement.
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%. The growth in the forecast period can be attributed to advanced manufacturing technologies, customization and agile manufacturing, sustainability and eco-friendly production, automation and robotics integration, globalization of manufacturing. Major trends in the forecast period include 3D printing and additive manufacturing tooling, smart and iot-enabled fixtures, lightweight and composite materials, modular and reconfigurable fixtures, digital twin technology.
Growing demand for automation in manufacturing processes is expected to propel the growth of the special die and tool, die set, jig, and fixture market going forward. Automation in manufacturing processes refers to the use of advanced technologies, machinery, and control systems to perform tasks, manage production, and control operations with minimal human intervention. In automated manufacturing, specialized dies, tools, and fixtures are integrated into production lines to streamline processes and enhance efficiency. For instance, in 2022, according to a report by Impact Networking, LLC, a US-based managed services provider offering business process automation, 43% of manufacturers have already integrated robotic process automation into their operations, and an additional 43% have intentions to implement robotic process automation (RPA initiatives. Further, 40% of manufacturers are presently utilizing IoT technology, with an additional 47% having plans to incorporate it in the near future. Therefore, growing demand for automation in manufacturing processes will drive special die and tool, die set, jig, and fixture market growth.
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The special die and tool, die set, jig, and fixture market covered in this report is segmented –
1) By Type: Dies; Stamping And Other Tools; Jigs And Fixtures
2) By Capacity: Small; Medium; Large
3) By Application: Manufacturing; Automotive; Other Applications
The special die and tool, die set, jig, and fixture market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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