India - Dies and Molds Market by Application and End-user - Forecast and Analysis 2023-2027

Published: Sep 2023 Pages: 136 SKU: IRTNTR70010

India - Dies and Molds Market 2023-2027

The India - dies and molds market size is estimated to grow at a CAGR of 9.65% between 2022 and 2027. The market size is forecast to increase by USD 1,958.95 million. The growth of the market depends on several factors, such as the new opportunities with aluminum metal injection molding, the automation in the die-casting process, and the high demand for dies and molds from construction activities.

This report extensively covers market segmentation by application (casting, forging, and injection molding) and end-user (automotive, construction, electronics, machine tools, and others). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the Size of the India Dies And Molds Market During the Forecast Period?

India Dies and Molds Market Forecast 2023-2027

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India Dies and Molds Market Dynamics

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver - High demand for dies and molds from construction activities

There is a growing use of structural steel across the construction industries. There is a significant increase in new applications of steel due to several technological advancements that have encouraged the dies and molds market to upgrade technology to meet the new requirements. Some of the main factors that are crucial in construction activities include reliability, durability, and safety of steel which can be ensured by the proper welding of the structural steel.

Moreover, one of the main sectors that consumes the most steel across the world is the construction industry. Several types of structures such as residential buildings, multi-level car parking, schools, and high rises, increasingly depend on steel to offer the necessary strength to the overall structure. Hence, such factors are expected to drive India's dies and molds market growth during the forecast period.

Trends - Incorporation of simulation technology in casting process

There have been significant improvements and advancements in the dies and molds industry due to the integration of simulation technology into the casting process. traditionally the casting process optimization was largely dependent on trial and error which is expensive and time-consuming. However, the advent of simulation technology enables manufacturers to simulate and evaluate different casting scenarios prior to the commencement of production.

Moreover, there is increasing adoption of simulation across the casting process from design to tooling and production. For instance, the simulation is extensively used to determine potential defects and optimize the geometry of the cast to improve its quality. Furthermore, simulation is widely used to optimize the tooling process, as the design of the molds and dies has a major impact on the casting final quality. Hence, such factors are driving the India dies and molds market growth during the forecast period.

Challenge - Lack of skilled labor in the manufacturing sector

There has been a significant revamping of industrial manufacturing units, with most traditional factory floor machines being replaced by CNC machines due to the growing demand for commodities.  The main advantage of these machines is that they ensure high efficiency, and enhancement in the quality of products which, in turn, leads to customer satisfaction, within a stipulated time.

Moreover, there have been significant upgrades on the factory floor across the country with the adoption of automated machinery and equipment to improve productivity and efficiency. However, there is a shortage of skilled professionals with a certain level of knowledge, expertise, and awareness to operate on such technologies. Hence, such factors are negatively impacting the marekt. therefore, it is expected to hinder the India dies and molds market growth during the forecast period.

India Dies and Molds Market Segmentation by Application and End-user

Application Segment Analysis:

The casting segment is estimated to witness significant growth during the forecast period.  One of the main sectors that significantly contributes to the economic growth of India as well as the key end-user of industrial castings is the manufacturing sector. The manufacturing sector has a significant impact on productivity, innovation, and trade than on employment. Additonally, there is an increasing focus by manufacturing sectors in India on cost-efficiency, coupled with low wage structures, to gain an advantage in the market.

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The casting segment was the largest segment and was valued at USD 1,030.18 million in 2017. In addition. there is a rise in investment by the Indian government in developing the manufacturing sector to achieve sustainable economic growth which is significantly fuelling the growth of the casting segment. For instance, there is an increase in demand for manufacturing goods which is fuelling the growth of the overall market for dies and molds in various end-user segments. Another significant end-user of the casting segment is the construction industry. Substantial investments in projects planned by the government are expected to fuel the growth of the construction sector and associated activities which, in turn, will fuel the growth of the casting segment. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the India dies and molds market growth during the forecast period.

End-user Segment Analysis:

Based on end-user, the segment is classified into automotive, construction, electronics, machine tools, and others. One of the main contributors to the automotive sector in terms of production as well as consumption is the  Indian automotive industry. The Indian auto industry is fuelled by various factors such as the young population, low-cost skilled manpower, and dominance in automotive digital technology. Some of the prominent automotive market players in India include  Suzuki and Honda offering two-wheelers and four-wheelers. The increasing demand and availability of expertise and potential markets will fuel a rise in local manufacturing activities associated with the automotive industry. Therefore, it will fuel the demand for the production of various components essential for the automotive sector. This, in turn, will fuel the automotive segment which will drive the India dies and molds market during the forecast period.

Who are the Major India Dies and Molds Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alfa Plast Mould: The company offers dies and molds such as plastic injection molds, compression molds, blow molds, blow molds with D flashing unit and hot runner molds.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Acme Toolings, Classic Die Tools, CMD Precision Products Pvt Ltd, DIETECH India (P) Ltd., Eltec engineering, G. M. Industries, Godrej and Boyce Manufacturing Co. Ltd., Greatoo Intelligent Equipment Inc., Hongyi JIG Rapid Technologies Co. Ltd., Jekmin Industries, JPM Group, NAGATA AUTO PARTS Co. Ltd., Tooltech Global Engineering Pvt. Ltd., Vikas Industries, Janki Die and mould solutions, Leo Precision Pvt Ltd., Precision Moulds and Die Pvt. Ltd., Sahil Tech Ltd., and Sanco Dies and Moulds Pvt. Ltd. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The  India dies and molds market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Casting
    • Forging
    • Injection molding
  • End-user Outlook (USD Million, 2017 - 2027)
    • Automotive
    • Construction
    • Electronics
    • Machine tools
    • Others

India Dies And Molds Market Scope

Report Coverage

Details

Page number

136

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.65%

Market growth 2023-2027

USD 1,958.95 million

Market structure

Fragmented

YoY growth 2022-2023(%)

9.07

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Acme Toolings, Alfa Plast Mould, Classic Die Tools, CMD Precision Products Pvt Ltd, DIETECH India (P) Ltd., Eltec Engineering, G. M. Industries, Godrej and Boyce Manufacturing Co. Ltd., Greatoo Intelligent Equipment Inc., Hongyi JIG Rapid Technologies Co. Ltd., Jekmin Industries, JPM Group, NAGATA AUTO PARTS Co. Ltd., Tooltech Global Engineering Pvt. Ltd., Vikas Industries, Janki Die and mould solutions, Leo Precision Pvt Ltd., Precision Moulds and Die Pvt. Ltd., Sahil Tech Ltd., and Sanco Dies and Moulds Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this India Dies And Molds Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the India dies and molds market between 2023 and 2027
  • Precise estimation of the India dies and molds market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across India
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of India dies and molds market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
      • Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Dies and molds market in India 2017 - 2021
      • Exhibit 15: Historic Market Size – Data Table on dies and molds market in India 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 16: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 17: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 25: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 26: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 27: Chart on Comparison by Application
      • Exhibit 28: Data Table on Comparison by Application
    • 6.3 Casting - Market size and forecast 2022-2027
      • Exhibit 29: Chart on Casting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 30: Data Table on Casting - Market size and forecast 2022-2027 ($ million)
      • Exhibit 31: Chart on Casting - Year-over-year growth 2022-2027 (%)
      • Exhibit 32: Data Table on Casting - Year-over-year growth 2022-2027 (%)
    • 6.4 Forging - Market size and forecast 2022-2027
      • Exhibit 33: Chart on Forging - Market size and forecast 2022-2027 ($ million)
      • Exhibit 34: Data Table on Forging - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Chart on Forging - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on Forging - Year-over-year growth 2022-2027 (%)
    • 6.5 Injection molding - Market size and forecast 2022-2027
      • Exhibit 37: Chart on Injection molding - Market size and forecast 2022-2027 ($ million)
      • Exhibit 38: Data Table on Injection molding - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Chart on Injection molding - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on Injection molding - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 41: Market opportunity by Application ($ million)
      • Exhibit 42: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 45: Chart on Comparison by End-user
      • Exhibit 46: Data Table on Comparison by End-user
    • 7.3 Automotive - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • 7.4 Construction - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Construction - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Construction - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Construction - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Construction - Year-over-year growth 2022-2027 (%)
    • 7.5 Electronics - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Electronics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Electronics - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Electronics - Year-over-year growth 2022-2027 (%)
    • 7.6 Machine tools - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Machine tools - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Machine tools - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Machine tools - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Machine tools - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 67: Market opportunity by End-user ($ million)
      • Exhibit 68: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 70: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 71: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 72: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 73: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 74: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 75: Matrix on vendor position and classification
            • 11.3 Alfa Plast Mould
              • Exhibit 76: Alfa Plast Mould - Overview
              • Exhibit 77: Alfa Plast Mould - Product / Service
              • Exhibit 78: Alfa Plast Mould - Key offerings
            • 11.4 Classic Die Tools
              • Exhibit 79: Classic Die Tools - Overview
              • Exhibit 80: Classic Die Tools - Product / Service
              • Exhibit 81: Classic Die Tools - Key offerings
            • 11.5 CMD Precision Products Pvt Ltd
              • Exhibit 82: CMD Precision Products Pvt Ltd - Overview
              • Exhibit 83: CMD Precision Products Pvt Ltd - Product / Service
              • Exhibit 84: CMD Precision Products Pvt Ltd - Key offerings
            • 11.6 DIETECH INDIA (P) Ltd.
              • Exhibit 85: DIETECH INDIA (P) Ltd. - Overview
              • Exhibit 86: DIETECH INDIA (P) Ltd. - Product / Service
              • Exhibit 87: DIETECH INDIA (P) Ltd. - Key offerings
            • 11.7 G. M. Industries
              • Exhibit 88: G. M. Industries - Overview
              • Exhibit 89: G. M. Industries - Product / Service
              • Exhibit 90: G. M. Industries - Key offerings
            • 11.8 Godrej and Boyce Manufacturing Co. Ltd.
              • Exhibit 91: Godrej and Boyce Manufacturing Co. Ltd. - Overview
              • Exhibit 92: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
              • Exhibit 93: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
              • Exhibit 94: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
            • 11.9 Greatoo Intelligent Equipment Inc.
              • Exhibit 95: Greatoo Intelligent Equipment Inc. - Overview
              • Exhibit 96: Greatoo Intelligent Equipment Inc. - Product / Service
              • Exhibit 97: Greatoo Intelligent Equipment Inc. - Key offerings
            • 11.10 Janki Die and mould solutions
              • Exhibit 98: Janki Die and mould solutions - Overview
              • Exhibit 99: Janki Die and mould solutions - Product / Service
              • Exhibit 100: Janki Die and mould solutions - Key offerings
            • 11.11 Jekmin Industries
              • Exhibit 101: Jekmin Industries - Overview
              • Exhibit 102: Jekmin Industries - Product / Service
              • Exhibit 103: Jekmin Industries - Key offerings
            • 11.12 JPM Group
              • Exhibit 104: JPM Group - Overview
              • Exhibit 105: JPM Group - Product / Service
              • Exhibit 106: JPM Group - Key offerings
            • 11.13 Leo Precision Pvt Ltd.
              • Exhibit 107: Leo Precision Pvt Ltd. - Overview
              • Exhibit 108: Leo Precision Pvt Ltd. - Product / Service
              • Exhibit 109: Leo Precision Pvt Ltd. - Key offerings
            • 11.14 NAGATA AUTO PARTS Co. Ltd.
              • Exhibit 110: NAGATA AUTO PARTS Co. Ltd. - Overview
              • Exhibit 111: NAGATA AUTO PARTS Co. Ltd. - Product / Service
              • Exhibit 112: NAGATA AUTO PARTS Co. Ltd. - Key offerings
            • 11.15 Precision Moulds and Die Pvt. Ltd.
              • Exhibit 113: Precision Moulds and Die Pvt. Ltd. - Overview
              • Exhibit 114: Precision Moulds and Die Pvt. Ltd. - Product / Service
              • Exhibit 115: Precision Moulds and Die Pvt. Ltd. - Key offerings
            • 11.16 Sahil Tech Ltd.
              • Exhibit 116: Sahil Tech Ltd. - Overview
              • Exhibit 117: Sahil Tech Ltd. - Product / Service
              • Exhibit 118: Sahil Tech Ltd. - Key offerings
            • 11.17 Sanco Dies and Moulds Pvt. Ltd.
              • Exhibit 119: Sanco Dies and Moulds Pvt. Ltd. - Overview
              • Exhibit 120: Sanco Dies and Moulds Pvt. Ltd. - Product / Service
              • Exhibit 121: Sanco Dies and Moulds Pvt. Ltd. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 122: Inclusions checklist
                • Exhibit 123: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 124: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 125: Research methodology
                • Exhibit 126: Validation techniques employed for market sizing
                • Exhibit 127: Information sources
              • 12.5 List of abbreviations
                • Exhibit 128: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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