Latest News- Dies And Molds Market in India: Casting is expected to lead the Application segment during 2025-2029

The Dies And Molds Market in India is being driven by New opportunities with aluminum metal injection molding

The Dies And Molds Market in India is expected to grow at a CAGR of 11.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2842.5 million. The dies and molds industry in India has experienced significant progress due to the integration of simulation technology into the casting process. Previously, casting process optimization relied heavily on trial and error, leading to extended production timelines and increased costs. The adoption of simulation technology enables manufacturers to model and assess various casting scenarios prior to actual production. This technology can be utilized throughout the casting process, from design to tooling and manufacturing. During the design phase, simulation can be employed to detect potential defects and optimize the cast geometry to enhance its overall quality. By visualizing the molten metal flow and anticipating potential complications, designers can make the necessary adjustments to minimize flaws and improve the casting's efficiency and performance. This technological advancement has revolutionized the dies and molds industry in India, leading to increased productivity, reduced waste, and higher-quality end products. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Casting
  • Forging
  • Injection molding
• End-user
  • Automotive
  • Construction
  • Electronics
  • Machine tools
  • Others
• Material
  • Metal
  • Plastic
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• New opportunities with aluminum metal injection molding
• Automation in die casting process
• High demand for dies and molds from construction activities

However, the market also witnesses some limitations, which are as follows:

• Lack of skilled labor in manufacturing sector
• Significant energy-consuming technology
• Environmental concerns related to dies and molds manufacturing

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Market Scope in Dies And Molds Market in India Research Report

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Research Analysis Overview

The Dies and Molds market in India encompasses various types of molds and dies used in industries such as the Plastics industry for producing items from soft clay and resin, the Ceramics industry for creating ceramic items, and the Concrete industry for manufacturing concrete products. This market includes Blow molds, Fiberglass molds, Carbon fiber products, SelfLube systems, Plastic injection molds, Cold heading dies, Extrusion dies, and dies for Sheet metal, Metal, Stamping, and Forming. The materials used in these dies and molds range from Molten metal and Steels to high-performance materials like Carbon, Chromium, and High-speed steel. Key industries utilizing these dies and molds are the Auto components industry, Electricals industry, and Machine tools industry. Companies like Epic Tool are major players in this market.

Market Research Overview

The Dies and Molds market in India is a segment of the larger global Industrial Machinery and Supplies and Components market. This market encompasses companies producing machinery and components for presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, metal fabrications, and other industrial applications. According to Technavio, the global Industrial Machinery and Supplies and Components market size is determined by the combined revenue generated by manufacturers of machinery and components utilized in industrial settings. Key growth drivers for this market include expanding industrial production in process and discrete industries, particularly in developing countries, fueled by increasing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. Specifically in India, the Dies and Molds market includes manufacturers of soft clay, ceramic items, concrete items, blow molds, fiberglass molds, and carbon fiber products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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