About this market
Incorporation of simulation technology in casting process to drive growth in the market. Simulation technology is used to produce reliable, high-precision, and cost-effective components in the casting method. analysts have predicted that the dies and molds market in India will register a CAGR of close to 9% by 2022.
Market Overview
New opportunities with aluminum metal injection molding
The metal injection molding is a suitable manufacturing technology for an array of metals, and alloys, with aluminum being the only exception.
Lack of skilled labor in manufacturing sector
Lack of skilled labor stands as one of the major challenges affecting the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the dies and molds market in India during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Techman-Head Group and Brackett Aircraft Company the competitive environment is quite intense. Factors such as the new opportunities with aluminum metal injection molding and the incorporation of simulation technology, will provide considerable growth opportunities to dies and molds manufactures. Dietech India, Fibro India Precision Products, GMH Gruppe, Hindustan Die castings, and Nagata India are some of the major companies covered in this report.