Why Exhibit?
Building on the success of the first event, Fastener Fair India, Mumbai offers the industry a highly focused exhibition for fastener and fixing technologies.
India’s rapidly increasing middle class ensures continuous domestic growth and rising national spending power. In addition to cars and other modes of personal transport, on a consumer level there is still considerable scope for growth in domestic appliances, home electronics and air conditioning units.
Therefore, if you are looking to meet high profile decision makers and to promote your company in this major growth market, Fastener Fair India, Mumbai is the “must-attend” event in 2013 for everyone involved in the fastener and fixing industry.
India at a glance
- Population: 1.22 billion (estimate 2012)
- GDP: US$ 4.469 trillion (PPP 2011)
- India will be the fastest growing of the major economies, expanding its share of global economic output from 2% to 12% by 2050, by which stage it will be roughly equal in size to the US
- 550 million middle class households by 2025
Major Fastener Markets
Automotive
- Passenger vehicle sales and production is expected to grow by 14% to 16% between 2011 and 2021, reaching over 9 to 10 million units annually, commercial vehicles sales at 18-20%
- Sanand, Gujarat’s major car production hub is expanding: Peugeot’s first India plant is scheduled to open in 2014
- India’s auto component exports to reach US$26 billion by end of this decade.
- The automotive sector accounts for 60% of machine tool demand in the country
- Auto Component Manufacturers Association (ACMA) estimates sales will grow exponentially to 10 million cars, 30 million two wheelers and 2.2 million commercial vehicles by 2020
Rail
- Eastern Corridor Construction work is in progress. Work on the Mughalsarai-Ludhiana portion (1,183 km) of the corridor is being funded through a World Bank loan
- Railways budget 2011-2012 earmarks an outlay of US$ 12 billion, the highest ever so far
- Total revenue generated by Indian Railways estimated to be worth US$ 22.1 billion in 2011-2012
- Indian Railways generated US$ 9.71 billion of revenue earnings from commodity-wise freight traffic during April-December 2011, an increase of 4.59% compared to the same period before
Road
- In 2012 the budget for highway construction is 550 billion rupees
- Construction sector is expected to grow at about 35% between 2012-2013
- Indian government is pushing to build 20 km of roads each day
Telecoms
- 884 million phone subscribers (Nov. 2011)
- India has become the world’s second largest mobile handset market with sales expected to reach 206 million units in 2014
- Indian telecommunication service’s market revenue will reach US$ 41.4 billion by 2013
Domestic appliances
- Domestic technology and business outsourcing services are expected to expand five-fold by 2020 to US$ 90 billion to US$ 100 billion
- Indian consumer electronics industry will grow at a CAGR of around 18% between 2011–2014. During this time period, LCD TVs are expected to capture the majority of the television market share
- India's total production of coated and galvanized steel is expected to rise to more than 6 million tonnes in 2013 from 4.7 million tonnes in 2011
Energy
- International Energy Agency estimates India will add between 600 GW and 1200 GW of additional new power generation capacity before 2050. This added new capacity is equivalent to the 740 GW of total power generation capacity of the European Union in 2005
- India's electricity sector is amongst the world's most active players in renewable energy utilization, especially wind energy. As of December 2011, India had an installed capacity of about 22.4 GW of renewal technologies-based electricity, exceeding the total installed electricity capacity in Austria by all technologies
- India aims to supply 9% of its electricity needs with nuclear power by 2032
Petrochemicals
- Oil consumption in India is projected to increase by 4% to 5 % per annum by 2015, indicating a demand of 4.01 million barrels per day by 2015
- India’s refining capacity is constantly increasing and should reach about 70 MT by 2014, making India one of the world's major exporters of petroleum products
- The US$7.5 billion TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project will span 1,678 km and is expected to go on stream by 2015
- McKinsey forecasts an increase in natural gas demand in India from current 166 million m³/day to 320 million m³/day by 2015
Construction
- Tourism growth – tourist accommodation to be expanded by 55,000 rooms by 2013
- The earthmoving and construction equipment industry is likely to expand five-fold by 2015, from revenues of US$ 2.3 billion today to US$ 13 billion by 2015
