The special die and tool, die set, jig, and fixture market consists of sales of special die and tool, die set, jig, and fixture by entities (organizations, sole traders and partnerships) that produce special tools and fixtures such as cutting dies and jigs. These tools are used to convert raw materials into a required shape in various manufacturing industries such as automobiles, metalworking, electronics and plastics manufacturing. Dies, jigs and other tools are generally used as an attachment to a machine. The special die and tool, die set, jig, and fixture market is segmented into dies; stamping and other tools; and jigs and fixtures.
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%.
