ASIAN NEWS


New report on Indian fastener markets


Brooks Market Intelligence Reports has, for the first time, published an in-depth study of fastener consumption markets in India, expected to be of considerable interest to exhibitors and visitors to the Fastener Fair Mumbai in April, and to all companies with an interest in this rapidly expanding geographic market.


domestic consumption market and long-term requirement for infrastructure development. The report reviews the Indian economic, social and political


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context before exploring current trends, future developments and key consumers in the major end markets for fasteners: including automotive, rail and aerospace; power generation and distribution; electrical goods and telecommunications, construction and infrastructure. It also assesses the current structure of the Indian fastener


manufacturing and distribution sectors and considers the challenges faced in responding to substantial increases in both volume and quality demands for fasteners. The report highlights the crucial role India’s domestic demand


played in sustaining economic growth during 2009, despite the global downturn, and driving projected 2010-11 GDP growth at more than 8%. The report identifies some 46 automotive manufacturers in


India. Production of four-wheel passenger vehicles is rapidly approaching 4 million units per year, with major inward investment from many of the world’s leading carmakers turning India’s aspiration to be a world-class small car production hub into a reality. Already number two in the world for two-wheeler production, nine producers compete in the extremely active domestic market as well as for export sales. As India’s highway network develops at around 12 kilometres per day, itself driving significant fastener demand, the truck industry is adapting to new road freight requirements, with increased demand for multi-axle heavy goods vehicle and more light goods vehicles for in-city delivery. India’s massive agricultural economy inevitably means an


extensive tractor and machinery manufacturing industry. Massive infrastructure investment combined with a powerful extraction sector also means an important off-highway machinery sector


he Fastener Market in India – an Overview’ assesses the wide-ranging opportunities presented to the fastener and construction fixings industries by India’s dynamic economy, increasingly powerful


with world leaders like Caterpillar, Terex and JCB manufacturing on large scales. The Indian government demonstrates major commitments to


infrastructure development throughout the country. As well as an ambitious road construction program, the upgrading of India’s rail network is a priority, as is the development of transit systems in expanding major cities. The ambition for industrial and urban development is epitomised by the vision for an industrial and commercial corridor stretching 1,500 kilometres to link Mumbai and Delhi. Social requirements are also very important in India.


Sustainable power generation and, in particular, effective electricity distribution are crucial to bringing greater prosperity to rural areas but also to sustain annual growth at more than 8% to create employment and opportunity. Rural electrification is a significant driver in demand growth


for televisions, mobile phones and other electrical goods. The penetration of products like washing machines and refrigerators remains low, presenting major opportunities as rural populations demand entry-level products and urban populations to higher added value models. ‘The Fastener Market in India – an Overview’ considers these,


and other, demand drivers for fastener products, identifying major industrial consumers in each sector. It also reviews the structure and key players in the India fastener and distribution sectors and gives consideration to some of the challenges facing the domestic industry and foreign entrants. While India continues to pose as many questions as it provides


answers, and ambitions and aspirations do not always translate into reality quite as expected, there is no question it represents one of the world’s major opportunity markets for fasteners and construction fixings. This 15,000 word report provides an important introduction, at an economic cost, for companies seeking to assess what India may offer them and to begin to develop a detailed understanding of a complex but potentially highly rewarding market.


‘The Fastener Market in India – an Overview’ may be purchased and downloaded as a PDF from www.brooks.com at a cost of 195 euros. Brooks Reports also offers a continuously updated range of independently researched reports on other key sectors including sheet metal, rail, airports, and process industries.


Fastener Fair – Mumbai


A unique 2011 opportunity to explore the Indian fastener market and experience the business culture first hand. astener Fair – Mumbai takes place 16th


metal working. Organiser of both events, Inter Ads – Brooks Exhibitions, has


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already demonstrated its expertise in attracting high quality industry visitors. Fastener Fair – Mumbai, therefore, represents an outstanding opportunity to engage with the India business


– 17th April 2011,


at the Bombay Exhibition Centre, Goregaon, Mumbai. This inaugural fastener show is co-located with the established BLECH India 2011 event, dedicated to sheet


culture, establish new and successful business relationships and really find out about the opportunities presented by the Indian fastener market. To see a floor plan and enquire about exhibiting opportunities visit


www.fastenerfair.com and follow the Fastener Fair Mumbai link. Alternatively contact Fastener Fair by email: From within India: fastenerfair.india@interads.in From outside India: india@fastenerfair.com


34 Fastener + Fixing Magazine • Issue 67 January 2011


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