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WIDMAT INTRODUCES DEEP HOLE DRILLING MACHINE
The Machinist
|May 2023
The die and mold industry in India has been experiencing significant and consistent growth over the years. As indicated by researchandmarkets.com, the Indian market alone is expected to grow by more than $1 billion from 2021 to 2025, progressing at a compounded annual growth rate of 9 per cent.
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The driving force of this expansion is not only pent-up demand in the automotive sector but also substantial growth in sunrise sectors, including healthcare, electronics and electricals, and plastics. With respect to India, the adoption of aluminum metal injection molding and automation in die casting, increasing construction activities and the push to ‘Make in India’ are expected to contribute to the growth of this industry.
This story is from the May 2023 edition of The Machinist.
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