Dies Jigs And Other Tools Market Global Industry Key Players, Trends, Opportunities 2022

The Business Research Company's "Dies Jigs And Other Tools Market" under machinery manufacturing category covers market characteristics, key players, market size and trends from 2019 to 2023.
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Dies Jigs market


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NEW YORK - Jan. 30, 2020 - PRLog -- The global jigs and fixtures and dies manufacturing market reached a value of nearly $56.8 billion in 2018, having grown at a compound annual growth rate (CAGR) of 8.6% from 2014, and is expected to grow at a CAGR of 9.3% to nearly $88.8 billion by 2023.

The global dies, jigs and other tools market consists of sales of special tools and fixtures such as cutting dies and jigs and related goods by entities (organizations, sole traders and partnerships) that provide dies, jigs and other tools. Dies, jigs and other tools are generally used as an attachment to a machine.

The dies, jigs and other tools market benefitted from the rise in metal consumption by construction industry globally, during the historic period. Buildings with metal structures have become a standard choice for the construction of commercial and industrial facilities.

Trade barriers are expected to have a negative impact on the dies, jigs and other tools market. Many countries are placing trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe.

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Asia Pacific was the largest region in the dies jigs and other tools market in 2018, accounting for 45.6% of the global market. It was followed by North America and Western Europe. Going forward, the fastest growth in the dies, jigs and other tools manufacturing market will take place in Asia Pacific, followed by Eastern Europe.

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Some of the major players involved in the dies jigs and other tools market are Kennametal, Inc., MISUMI Group Inc., Roto-Die Company, Inc., ALLMATIC-Jakob Spannsysteme GmbH, Midway Rotary Die Solutions, Norelem SAS, Asahi Tools Mfg. Co., Ltd., Unique Tool & Gauge Inc., Heinrich Kipp Werk KG and Magor Designs Limited.

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