Fastening India's Future Growth

The market for industrial fasteners in India has been growing at a steady rate at the moment due to multiple sectors’ growth and infrastructural activities. One of the most vital subassemblies in construction, automotive, and aerospace industries, fasteners are vital due to their characteristic of offering stability and strength. The market is expected to grow significantly with the increase in industrialization and government policies such as “Make in India”. These industries include construction and automotive industries that have been seen to be on the forefront of this growth. The construction industry which has witnessed an increase in the number of projects from simple houses to structures such as bridges and highways rely on fasteners.

Also, the automotive industry, preparing for the use of electric vehicles (EVs), requires durable fasteners for joining and protection. Due to the intricate design and the use of lightweight materials in the construction of EVs, there is need for unique fasteners hence opening up new opportunities in the market. Another factor that has been helpful to the market is the aerospace industry which is also a major player in the market. The rise in the defense sector of India along with the focus on home-built aircraft and commercial airplanes has created a demand for high-quality fasteners. Manufacturers of defense equipment are central to the market for these specialized fasteners since they will always be in need of products that can handle the rigorous conditions encountered in their lines of work.

In the current issue, we introduce you to the top companies in this segment. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.

We welcome any feedback and suggestion that you may have regarding this special issue.