Tool market
The Commercial Tool Rooms Market in India will grow at a CAGR of 17% by 2020 backed by mainly increasing demand from a growing automotive industry, says Research and Markets in a 2016-2020 report.
The demand is also supported by growing domestic and international consumer base, low cost of skilled labours, increasing usage of plastics in industries like automobiles and consumer durables, it said.
Auto OEMs, Auto Components, Plastics, Electrical, Consumer Appliances and Packaging are key industries using commercial tool rooms (CTRs) in India.
The Auto OEMs industry currently controls the largest market share in the Indian Commercial Tool Rooms (CTRs) market. The Auto OEMs industry in the Indian Commercial Tool Rooms (CTRs) market is expected to grow at a CAGR of 18% till 2020.
The Auto Components industry currently controls the second-largest market share in the Indian Commercial Tool Rooms (CTRs) market. As per estimates, the Auto Components industry in the Indian Commercial Tool Rooms (CTRs) market is expected to grow at a CAGR of 25% till 2020.
Plastic Moulds, Sheet Metal Dies, Forging Dies and Die Casting Dies are key product types in the Indian commercial tool rooms (CTRs) market. Plastic Moulds currently control the largest market share in the Indian Commercial Tool Rooms (CTRs) market. As per estimates, Plastic Moulds in the Indian Commercial Tool Rooms (CTRs) market is expected to grow at a CAGR of 22% till 2020.
Sheet Metal Dies currently control the second-largest market share in the Indian commercial tool rooms (CTRs) market. Sheet Metal Dies in the Indian Commercial Tool Rooms (CTRs) market is expected to grow at a CAGR of 16% till 2020.
Captive, Commercial Tool Rooms (CTRs) and Imports are key segments in the Indian commercial tool rooms (CTRs) market. The Commercial Tool Rooms (CTRs) segment currently controls the largest market share in the Indian market. As per estimates, the Commercial Tool Rooms (CTRs) segment is expected to grow at a CAGR of 20% till 2020. fii-news.com
