Taps and Dies are two different hand material tools, used for creating screw threads.Both are used as a forming and cutting tool.When the tap is used to cut or form threads, the process is known as tapping. In the same situation, when a die is used, the process is known as threading. Tap is usually used on the female part whereas the die is used on the male part of a mating pair. The nut and bolt may be taken as an example. The nut is formed by a tap, and the die is used to form the bolt.
Taps and Diesare used for the building and construction activities and various other industrial applications. The rise of demand for the tap and die tools are estimated to propel the global Taps and Dies market. Compact design and shape of the tools are some of the major advantages that are expected to make a positive impact on the Taps and Dies market. Continuous technological development by key players is another factordriving the growth of the global Taps and Dies market. Moreover, the growing popularity among the consumers for the Do It Yourself,is boosting the demand for this market. Owing to the rise in urbanization, and surge in income of consumers will also have a positive impact on the growth of this market. Moving forward, increasing adoption of Taps and Dies in the automobile sector is further expected to make the market more demanding in the coming years.
The end-users of Taps and Dies mentioned in the report include household, and DIY- Do It Yourself, automotive, electronics, infrastructure, and others.The Taps and Dies market in the report is bifurcated by types which include hand taps, HSS taps, pipe die, round dies, and others.Based on lubrication, the Taps and Dies market is analyzed as carbon steel, alloy steel, cobalt, high speed steel, tin coated, and others.Moving forward, based on distribution channel, the market is segmented as distributors, retail, and online channels.The global Taps and Dies market have been segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Further down, among the different types of Taps and Dies, the High-Speed Steel tap segment is estimated to witness a huge market growth owing to its rising demand for application among end-users. With respect to lubrication, alloy steel has a significant growth. Tin coating is estimated to have a high market share whereas carbon steel is expected to have a slow rate of growth over the projection period.
North-America and Europe hold the leading market share of the global taps and dies market. The reason for holding the lead position may be attributed to therise of the industrial sectors.In addition to this, Asia-Pacific region is expected to witness a spur of growth over the projection period owing to the increasing number of infrastructure projects and rapid growth of automobile industriesin Asia-Pacific.
However, therise in demand for powered tools, and massive competition among retailers may pose a threat to the global market over the projection period.
The major key players in the global taps and dies marketinclude Kennametal, Sumitomo Electric Carbide Inc., Greenfield Industries, Stanely Engineered Fastening, Ingersoll Cutting tools, Balax Inc., Melin Tool Company, Michigan Drill Corporation, and Guhring KG.
Global Taps and Dies Market: By Types
Global Taps and Dies Market: By Lubrication
Global Taps and Dies Market: By End-User
Global Taps and Dies Market: By Distribution Channel
Global Taps and Dies Market: By Geography