Vertical: AutoBase Year: 20189 Sections
Market Size (2018)
$56.75B
Projected (2025)
$108.57B
CAGR (2017–2025)
9.6%
Key Players
10+
Dies, jigs, and other tools ensure effective manufacturing by cutting, shaping, and forming a critical and intricate component with ease and utmost precision. The dies, jigs, and other tools are generally used as an attachment to a machine. These tools are used in a wide range of applications, such as bending, blanking, broaching, extruding, drawing, threading, milling & shearing, parting & grooving, and drilling & boring. The growth of the global dies, jigs, and other tools market is driven by various factors such as the growth of the manufacturing sector and developing the automotive industry. This is mainly because dies, jigs, and other tools are highly efficient equipment that can be used in various key manufacturing process. However, the growth of the market might be hindered due to the increasing raw material prices.
The global dies, jigs, and other tools market is expected to grow at approximately 9.83% CAGR during the forecast and reach USD 108,566.2 million by 2025. In 2018, the market was led by Asia-Pacific with a 41.3% share, followed by North America and Western Europe with shares of 23.7% and 18.6%, respectively.
The global dies, jigs, and other tools market has been segmented based on type, application, and region. Based on type, the stamping segment dominated the global market with a share of 40.9%, having accounted for USD 23,237.6 million in 2018 and is projected to grow at a CAGR of 8.36% from 2019 to 2025. Based on application, the automotive segment dominated the market with a share of 33%, having accounted for USD 18,727.6 million in 2018 and is projected to grow at a CAGR of 8.52% from 2019 to 2025.
The Dies Jigs and other tools Market market is projected to grow at a CAGR of 9.6% from 2017 to 2025.
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View Subscription PlansThe equipment that aid in the conversion of raw materials into a required shape are commonly referred to as dies and molds. These tools are used to cut, shape, and form precision component 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.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2017
Forecast Period
2019 – 2025
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global Dies, Jigs and Other Tools market is characterized by the presence of many global, regional, and local vendors. The market is highly fragmented. Furthermore, increase automation across industrial machinery and growth in demand for precision industrial tools are key factors that confront market growth. The vendors compete based on cost, quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-effective and high-quality product and services in order to survive and succeed in an intensely competitive market environment.
The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expansion and developing product services. Kennametal, Inc., MISUMI Group Inc., RotoMetrics, Meusburger Georg GmbH & Co KG, ALLMATIC-Jakob Spannsysteme GmbH, Midway Rotary Die Solutions, AWEBA Werkzeugbau GmbH, Dies Plus, Sterling industrial Products and Tipco Punch Inc. are the other major companies in the market, which compete in terms of quality, price, technology, and aftermarket services.
The industry participants are primarily focused on the product development and strategic expansion of sophisticated Dies, Jigs and Other Tools in 2018. The companies are expected to strengthen their presence worldwide through partnerships and acquisition to cut-down competition from local or domestic players during the forecast period. It has also been forecast that the improvement of the global economic scenario combined with developing end-use industries for Dies, Jigs and Other Tools in emerging nations, is fueling the market growth, making it an ideal time to launch new products to increase the global market share.
Michael Porter’s Five Forces model is a framework to study the global dies, jigs, and other tools market. Strategic business managers, trying to gain an edge over competing firms in the global dies, jigs, and other tools market, can utilize this model to better comprehend the industry, in which the company operates. The components of each of the forces and the degree of impact of each force in the context of the global dies, jigs, and other tools market have been broken down and analyzed.
Threat of New Entrants
The global dies, jigs, and other tools market is moderately capital intensive and developing and manufacturing dies, jigs, and other tools demands moderate level of technological expertise required for dies, jigs, and other tools.
The well-known dies, jigs, and other tools manufacturing companies such as AWEBA Werkzeugbau GmbH, Dies Plus, Sterling industrial Products, MISUMI Group Inc., RotoMetrics, Midway Rotary Die Solutions, and Tipco Punch Inc. have achieved brand recognition over the time period. Thus, developing new markets is not easy for the new entrants, which makes it difficult for them to create brand value and effectively achieve economies of scale. Furthermore, the market is witnessing high growth, which leads to a large number of companies manufacturing dies, jigs, and other tools. Thus, the threat of new entrants in the global dies, jigs, and other tools market is expected to be moderate.
Bargaining Power of Suppliers
The dies, jigs, and other tools manufacturers procure raw materials from suppliers. The raw materials include high tensile steel, die steel, oil hardening non-shrinking tool steel, mild steel, carbon steel, high speed steel (HSS), cast iron, and other materials. There is a high concentration of raw materials suppliers in the market. The low raw material differentiation reduces the switching cost. Major dies, jigs, and other tools manufacturers procure raw materials in very large quantities, which reduces the bargaining power of suppliers to a substantial extent. Thus, the bargaining power of suppliers is expected to be low.
Bargaining Power of Buyers
Dies, jigs, and other tools buyers include automotive OEMs, construction equipment manufacturers, metal work companies, and automotive component/system manufacturers. The concentration of buyers of dies, jigs, and other tools is high and the major buyers comprised of the manufacturing industry players who purchase dies, jigs, and other tools in high quantities, leading to a rise in the bargaining power of buyers.
Such buyers can easily switch as they are mostly price sensitive and would switch to other providers who offer lower prices than their competitors. Thus, the switching cost is low for buyers.
Thus, the overall bargaining power of buyers in the global dies, jigs, and other tools market is moderate.
Threat of Substitutes
Dies, jigs, and other tools have no direct substitute. The dies jigs, and other tools are used for very specific purposes, which cannot be met using any other tools. Thus, the threat of substitute in this market is expected to be low.
Rivalry
Product differentiation in the global dies, jigs, and other tools market is moderate. However, the dies, jigs, and, other tool manufacturers develop new material combinations, technologies, and designs to improve the overall performance and features. Moreover, the market is led by some top players, such as MISUMI Group Inc., RotoMetrics, Midway Rotary Die Solutions, AWEBA Werkzeugbau GmbH, Dies Plus, Sterling Industrial Products, and Tipco Punch Inc., who compete in terms of price, design, quality, technology, safety, and several other parameters to increase their respective market shares. There is high competition among all major and minor companies, while the small players have operations in the unorganized trade. Thus, the intensity of rivalry in the global dies, jigs, and other tools market is expected to be high.
Market estimates by geography (2025)
InsightAsia Pacific leads with $50.88B by 2025.
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View Subscription Plans| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $1.36B | $1.91B | $2.75B | 9.1% | 3% |
| North America | $12.58B | $16.68B | $22.74B | 7.7% | 28% |
| Asia Pacific | $21.11B | $32.32B | $50.88B | 11.6% | 62% |
| South America | $2.62B | $3.77B | $5.57B | 9.9% | 7% |
| Total | $37.67B | $54.68B | $81.94B | 9.6% | 100% |
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Analytical insights on Dies Jigs and other tools Market covering market dynamics, competitive landscape, and strategic outlook.
The Dies Jigs and other tools Market market is projected to reach $108.57B by 2025, growing at 9.6% CAGR.
The global dies, jigs, and other tools market is rapidly growing due the growth of manufacturing and developing automotive industry. However, the growth of the market is hampered by increasing raw material prices.
The growth of manufacturing sector is attributed to the factors such as macroeconomic development, development of effective manufacturing techniques, and the rise in the middle-class population globally. The growth in the manufacturing sector has resulted in an increase in the manufacturing capacity and raw material sourcing. The below figure depicts the value added in mining, manufacturing and utilities in China, which increased by 20.91% between 2015 and 2018.
The metal work industry has been an essential part of the manufacturing industry, which entails the manufacturing of systems, components and parts. Dies, jigs, and other tools are used to improve precision and ensure accuracy and interchangeability to form, groove, or shape material, mostly using a press for manufacturing large quantities of complex products. Thus, they form an essential part of the manufacturing and metal work industry. The growth of manufacturing sector is expected to increase the demand for dies, jigs, and other tools during the forecast period.
Despite the growth of manufacturing and resultant demand for dies, jigs, and other tools, the market growth is hampered by factors such as potential trade war, lack of skilled labor, and a disruption in supply chains. However, the governments and industry players are working on minimizing the effect of such factors on the manufacturing sector. Thus, the impact of growth of manufacturing on the global dies, jigs, and other tools market is expected to shift from moderate to high during the forecast period.
The rise in the industrial hubs coupled with growing FDI in all major manufacturing and construction sectors in major emerging economies, such as China, India, Brazil, and South-East Asian countries, is expected to raise the demand for tools used for welding positioners, jigs and cutting dies in both manufacturing and construction sectors during the forecast period. Emerging economies are being focused on by various foreign developers who intend to set up their businesses through FDI incentive schemes. This will indirectly boost the economy of the country by enhancing industrialization and driving the growth of the construction sector. For example, Greenfield FDI inflows to Asia-Pacific in 2016 was USD 395 billion, which was an increase by 11.7% from the previous year. Furthermore, these countries have evolved and restructured their manufacturing and real estate policies and procedures to attract investments and enable growth. Industrialization will certainly boost the automation processes to ease operations and improve the efficiency of production. Hence, the broad scope in emerging economies and is expected to create an opportunity for the global dies, jigs, and other tools market players.
The raw materials of automotive dies, jigs, and other tools are mild steel, carbon steel, high speed steel (HSS), high tensile steel, die steel, oil hardening non-shrinking tool steel, cast iron, and other materials. The prices of such raw materials are increasing with the depleting resources and the high demand for such materials from all of the end-use industries. Furthermore, the constantly changing trade policies further create market uncertainties and disrupt the supply chain, driving price increments.
According to the World Bank, the metal prices have increased by 8.57% in 2018 globally from the previous year.
The dies, jigs, and other tools manufacturers are constantly working on reducing the prices of dies, jigs, and other tools by developing cost-effective raw material substitutes and extraction methods. Thus, the impact of the increasing raw material prices on the global automotive dies, jigs, and other tools market is expected to shift from high to low over the forecast period.
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Profiles of 107 companies operating in the Dies Jigs and other tools Market market, including revenue, employee count, and market positioning where available.
Showing 107 of 107 companies
Company Headquarters: Japan Founded: 1963 Workforce: ~12,300 Company Working: MISUMI Group Inc. designs, manufactures, and sells press die, plastic mold, automated machinery, electronic components, and wiring. It operates through two business segments– manufacturing and distribution. The company operates through three business segments, namely, factory automation (FA), die component, and VONA. Its die component business offers mold parts and handles dies to manufacture automobile components, electronic components, and electronic equipment. The company’s FA business segment offers various parts and components used in industrial automation and other applications. Its VONA business segment offers connectors, switches, cables, transformers, end mills, and hand gloves. MISUMI Group Inc. has major business operations located in Asia-Pacific, Europe, and North America. It has approximately 261,998 customers, 63 sales offices, 16 logistics sites, and 23 manufacturing facilities, globally. Dayton Lamina Corporation, SURUGA Production Platform Co., Ltd., Suruga Seiki (nantong) Co. Ltd., Connell Industrial Tool Corporation, and SP Parts Co., Ltd. are some of the subsidiaries of the company.
Company Headquarters: US Founded: 1938 Workforce: ~10,000 Company Working: Kennametal Inc. is a leading manufacturer of industrial equipment and related components. It operates through three business reporting segments, namely, industrial, Widia, and infrastructure. Through the industrial segment, the company offers high-performance metalworking tools for transportation, general engineering, aerospace, and defense industries. It offers high-performance metalworking tools for manufacturing automobiles, engines, airframes, trucks, ships, and other types of industrial equipment. The company offers products under the metalworking tools, mining, construction, engineered wear solutions, and powdered materials and equipment categories. Additionally, it also provides repair and recycling service to the clients. Kennametal Inc. has a global presence with operations in more than 60 countries. It generates more than 50% of its revenue from outside North America. The company invested nearly USD 38.9 million and USD 38.0 million in 2018 and 2017, respectively, in research and development. It distributes its products through a network of direct sales forces, independent and national chain distributors, and e-commerce and integrated supplier platforms.
Company Headquarters: Germany Founded: 1882 Workforce: N/A Company Working: AWEBA Werkzeugbau GmbH designs and manufactures presses, dies, and fixtures. It primarily offers forming dies, forming dies for the powertrain, hydroforming dies, die-casting dies, die-casting dies for mechatronic parts, cutting dies, fine blanking dies, and die-related automation equipment. The company also provides maintenance & repair and engineering services to the clients. It has a global presence and primarily supplies its product across Germany, the UK, France, Italy, Spain, Austria, Switzerland, the US, Canada, China, Japan, Russia, Mexico, and Brazil. ABB, AE Group, BMW Group, Daimler AG, Feintool International Holding AG, Fischer & Kaufmann GmbH & Co. KG, KSM Group, Schaeffler AG, Volkswagen Group, ZF Friedrichshafen AG, and Siemens are some of the company’s clients. Since 2016, the company has been operating as a subsidiary of Schuler AG, which is engaged in manufacturing metal forming technology.
Company Headquarters: US Founded: 1959 Workforce: ~200 Company Working: Tipco Punch Inc. is engaged in manufacturing and distributing various types of industrial tools for applications in automotive, appliances, armament, HVAC, office furniture, pharmaceutical, logistics and warehouses, and infrastructure. It primarily offers punches, dies buttons, retainers, die springs, nitrogen gas spring, in-die tapping units, hydroformed tooling components, precision components, diamond tooling, polycrystalline diamond tooling, and PCD router cutters among others. The company offers product repair services to its clients. It mainly serves stamping die and metal stampers manufacturers as well as it serves pierce tooling solutions providers of stainless steel, advanced high strength steel and aluminum work material. The company has a global presence due to its wide network of sales offices and authorized distributors across the globe. It has sales offices in the US, Canada, Italy, and the UK.
Company Headquarters: Germany Founded: 1973 Workforce: ~75 Company Working: ALLMATIC-Jakob Spannsysteme GmbH specializes in manufacturing industrial equipment and related parts. It primarily offers tool making and machine construction services for small series manufacturers, training centers, and series manufacturers. The company’s product portfolio primarily includes automatic hydraulic clamping, manual clamping with torque spanner, and manual clamping with hand crank. Additionally, it also offers spare parts and repair services for OEMs and aftermarket players. The company has research and development, production and assembly, marketing and sales, and service and administration operations in Germany. It manages and operates in the global market through its authorized distribution and retailers’ network. The company collaborates with machine manufacturers, research institutes, suppliers, and market consultants to maintain a stable demand for its products. ALLMATIC-Jakob Spannsysteme GmbH operates as a subsidiary of Saurer Group.
Company Headquarters: US Founded: 1957 Workforce: ~1,100 Company Working: RotoMetrics is engaged in the development and manufacturing of rotary tools for industrial applications. Additionally, it is also involved in providing product development expertise and customer service to clients. The company’s product portfolio includes flexible dies, solid dies, anvils, magnetic cylinders, print cylinders, and print sleeves. It offers products for various end-use industries such as consumer goods, industrial, automotive and electrical, medical & pharmaceutical, and personal care. The company also provides repair, retooling, and re-sharpening services in the global market. It has an extensive global presence and has branches across all five continents. The company has more than ten sales offices and nearly 5,000 customers in almost 140 countries around the world. It has more than eight manufacturing facilities in the US, the UK, Australia, China, Brazil, Germany, and Thailand.
12 interactive charts drawn from the Dies Jigs and other tools Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Dies Jigs and other tools Market Brazil and Rest Of South America
Global Dies Jigs and other tools Market Germany, Spain, France, United Kingdom, Italy, Russian Federation and Rest Of Western Europe Of Europe By Country
Global Dies Jigs and other tools Market Australia, China, India, Japan and Rest Of Asia Pacific By Country
Global Dies Jigs and other tools Market United States and Rest Of North America
Global Dies Jigs and other tools Market Middle East And Africa Of Middle East And Africa
Global Dies Jigs and other tools Market By Region
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
