The Global Jig Market size is expected to grow from USD 3.5 billion in 2021 to USD XX billion by 2028, at a CAGR of 5.2% during the forecast period (2021-2028). The growth in the global jig market can be attributed to factors such as technological advancements and growing demand for low-cost process equipment that can produce complex components with high precision, which has led to an increase in installation work across various industries including automotive, aerospace, and power sectors.
A Jig is a machine that aids in the assembly of an object. It is traditionally used to hold a workpiece for cutting, shaping, or welding by matching its contours and provides accurate positioning while allowing access from various angles. A typical workshop may contain several types of jigs such as drill presses, saw benches, and metalworking lathes (metal turning). Jigs are widely made from wood; however, newer ones have been designed out of steel.
On the basis of Types, the market is segmented into Trapezoid, Rectangle.
A trapezoid jig is a tool used to create, repair or calibrate parts. It includes two bases and an adjustable tabletop that sits on the bases in between them. The three pieces of equipment allow for various levels of adjustments depending on what type of project it's being used for.
A Rectangle Jig is a jig that aids in the production of rectangular pieces. The machine can be used to form a variety of different shapes and materials including steel, plastic, aluminum, or fiberglass. A rectangle jig may have many purposes such as shelving brackets for stores and offices, metal enclosures for electronics devices, or home appliances like microwaves, electrical junction boxes; door frames; cabinets, etc.
On the basis of Application, the market is segmented into the Aerospace, Medical, Automotive, and Power industries.
Jig in the Aerospace industry can be used for the assembly of the fuselage, wings, and other parts of the aircraft. For example, Jigs are also being used by Airbus A380 manufacturers as it reduces the need for rivets while assembling planes. This saves time and money too on aircraft maintenance operations because Jig-built panels provide tight joints that do not require any additional fasteners or sealants after they are assembled with glue only.
Jigs are commonly used in the medical industry to create casts and other types of aids. The jig device is also called a "casting cradle." This type of casting creates a cavity for an object that can be filled with plaster or wax as it cures. Once dry, this material provides support while healing takes place.
Jigs are used in the automotive industry for many applications. These include dapping, stamping, brazing, and bending of metal panels or parts. Jig presses can be used to create special shapes from sheets of steel using a template within square dies. A jig press is also an effective tool for pressing sheet metal into complicated contours such as those found on luxury car grilles and bumper covers that would otherwise require laborious hand-forming techniques with no guarantee of successful results.
The use of Jig in power is driven by the rising demand for electricity. The increasing need to generate more and more electrical energy has led to a significant rise in the demand for efficient, cost-effective, dependable sources of power generation; nuclear, hydroelectric dams are some such examples.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America led in terms of revenue and is expected to continue its dominance over the forecast period. The European market emerged as a major region for a high growth rate, owing largely to demand jigs among key industries such as automotive and aerospace.
Up Market Research published a new report titled “Jig Market research report which is segmented by Types (Trapezoid, Rectangle), By Applications (Aerospace, Medical, Automotive, Power), By Players/Companies Thomas Keating, AddQual, Fenton Precision Engineering, Excel Precision, N.D. Precision Products, Lawday Engineering, 3D Lasertec, Tokai Carbon, Premier Group, Menear Engineering”.
Report Attributes | Report Details |
Report Title | Jig Market Research Report |
By Type | Trapezoid, Rectangle |
By Application | Aerospace, Medical, Automotive, Power |
By Companies | Thomas Keating, AddQual, Fenton Precision Engineering, Excel Precision, N.D. Precision Products, Lawday Engineering, 3D Lasertec, Tokai Carbon, Premier Group, Menear Engineering |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 202 |
Number of Tables & Figures | 142 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Trapezoid, Rectangle and By Application Aerospace, Medical, Automotive, Power.
Some of the companies that are profiled in this report are:
Jig Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Jig Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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