Dublin, April 06, 2021 (GLOBE NEWSWIRE) -- The "Special Die and Tool, Die Set, Jig, and Fixture Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global special die and tool, die set, jig, and fixture market as it emerges from the COVID-19 shut down.
The global special die and tool, die set, jig, and fixture market is expected to grow from $66. 49 billion in 2020 to $70. 61 billion in 2021 at a compound annual growth rate (CAGR) of 6. 2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $95. 63 billion in 2025 at a CAGR of 8%.
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Where is the largest and fastest growing market for special die and tool, die set, jig, and fixture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Special Die and Tool, Die Set, Jig, and Fixture market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider special die and tool, die set, jig, and fixture market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The special die and tool, die set, jig, and fixture market section of the report gives context. It compares the special die and tool, die set, jig, and fixture market with other segments of the metalworking machinery market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, special die and tool, die set, jig, and fixture indicators comparison.
Major companies in the special die and tool, die set, jig, and fixture market include Kennametal, Inc. ; MISUMI Group Inc. ; Roto-Die Company, Inc. ; ALLMATIC-Jakob Spannsysteme GmbH and Midway Rotary Die Solutions.
Asia Pacific was the largest region in the global special die and tool, die set, jig, and fixture market, accounting for 51% of the market in 2020. North America was the second largest region accounting for 21% of the global special die and tool, die set, jig, and fixture market. Africa was the smallest region in the global special die and tool, die set, jig, and fixture market.
Special die and tool, die Set, jig, and fixture manufacturers are using advanced 6-axis CNC milling machines to efficiently fabricate complex components. CNC milling is a specific type of computer numerical controlled (CNC) machining. This involves the use of computers to control machine tools like lathes, mills, routers and grinders. The 6-axis CNC machine converts a raw metal bar into the final product by turning from both the ends of the fixture. This offers high quality products while minimizing errors. CNC milling helps in short-run production of complex parts and fabrication of unique precision components. Major companies manufacturing 6-axis CNC milling are Yamazaki Mazak, DMG MORI, ERLO, Giben International, Haas Automation, Knuth Machine Tools, IMSA.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the special die and tool, die set, jig, and fixture manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Machinery manufacturers depend heavily on supply of raw materials, parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the special die and tool, die set, jig, and fixture manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Rapid advances in technology is expected to drive innovation in special die and tool, die set, jig, and fixture manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on company's growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and to enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, central feedback systems and to offer other services. Mobile applications, advanced sensors and embedded software also created new opportunities for companies in this market. These factors are expected to drive the special die and tool, die set, jig, and fixture manufacturing market during the forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Special Die and Tool, Die Set, Jig, and Fixture Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Special Die and Tool, Die Set, Jig, and Fixture Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Special Die and Tool, Die Set, Jig, and Fixture Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Special Die and Tool, Die Set, Jig, and Fixture Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Special Die and Tool, Die Set, Jig, and Fixture Market Trends and Strategies
8. Impact of COVID-19 on Special Die and Tool, Die Set, Jig, and Fixture
9. Special Die and Tool, Die Set, Jig, and Fixture Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Special Die and Tool, Die Set, Jig, and Fixture Market Regional Analysis
10.1. Global Special Die and Tool, Die Set, Jig, and Fixture Market, 2020, by Region, Value ($ Billion)
10.2. Global Special Die and Tool, Die Set, Jig, and Fixture Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Special Die and Tool, Die Set, Jig, and Fixture Market, Growth and Market Share Comparison, by Region
11. Special Die and Tool, Die Set, Jig, and Fixture Market Segmentation
11.1. Global Special Die and Tool, Die Set, Jig, and Fixture Market, Segmentation by Type
11.2. Global Special Die and Tool, Die Set, Jig, and Fixture Market, Segmentation by Application
12. Special Die and Tool, Die Set, Jig, and Fixture Market Metrics
12.1. Special Die and Tool, Die Set, Jig, and Fixture Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Special Die and Tool, Die Set, Jig, and Fixture Market Expenditure, 2015-2025, Global
13. Asia-Pacific Special Die and Tool, Die Set, Jig, and Fixture Market
14. Western Europe Special Die and Tool, Die Set, Jig, and Fixture Market
15. Eastern Europe Special Die and Tool, Die Set, Jig, and Fixture Market
16. North America Special Die and Tool, Die Set, Jig, and Fixture Market
17. South America Special Die and Tool, Die Set, Jig, and Fixture Market
18. Middle East Special Die and Tool, Die Set, Jig, and Fixture Market
19. Africa Special Die and Tool, Die Set, Jig, and Fixture Market
20. Special Die and Tool, Die Set, Jig, and Fixture Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. Kennametal, Inc.
20.3.1.1. Company Overview
20.3.1.2. Products and Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. MISUMI Group Inc.
20.3.2.1. Company Overview
20.3.2.2. Products and Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. Roto-Die Company, Inc.
20.3.3.1. Company Overview
20.3.3.2. Products and Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. ALLMATIC-Jakob Spannsysteme GmbH
20.3.4.1. Company Overview
20.3.4.2. Products and Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5. Midway Rotary Die Solutions
20.3.5.1. Company Overview
20.3.5.2. Products and Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance
21. Key Mergers and Acquisitions in the Special Die and Tool, Die Set, Jig, and Fixture Market
22. Market Background: Metalworking Machinery Manufacturing Market
23. Recommendations
24. Appendix
25. Copyright and Disclaimer
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