Product Code: ETC041045 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Bolts market currently, in 2023, has witnessed an HHI of 1124, Which has increased slightly as compared to the HHI of 1097 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India is one of the world?s largest producers and consumers of bolts. The India bolt market has witnessed a significant growth in the past few years, owing to the rising demand from various end-use industries like construction, automotive, engineering machinery, etc. In addition, government initiatives such as Make in India and Skill India are expected to increase investments in manufacturing infrastructure and thereby boost domestic production levels significantly over the forecast period (2020-2026). Moreover, increasing urbanization along with growing disposable incomes will also drive demand for bolts across India over this period.
The primary drivers of growth in the Indian Bolts Market include increasing investment towards infrastructure development projects; growing automotive industry; expanding industrial sector; rising number of nuclear power plants & wind turbines; rapid urbanization & higher disposable incomes; growing focus on quality control standards among manufacturers and regulatory bodies such as BIS (Bureau of Indian Standards); favorable government policies such as `Make in India`; technological advancement leading to improved product specifications etc.
Some challenges that may impede or restrain market growth include volatile raw material prices due to shortage of iron ore supply & other metals used for making bolts which makes them expensive resulting into price hikes for customers thus affecting their buying decisions negatively ; lack of skilled labor required for installation/maintenance/replacement activities ; high import tariffs imposed by Government resulting into higher cost burdens on buyers ; presence of counterfeit products are lower quality grades posing threat against original brands ,etc.
Some key players operating within the Indian Bolt market include Jindal Strips Ltd., Apollo International Limited, Valex Fasteners Pvt Ltd., Usha Martin Limited , Arihant Industrial Corporation Ltd., JSW Steel Coated Products Ltd., Laxcon Steels Private Limited , etc.
COVID 19 pandemic has had an overall negative impact on global economies including thatof India`s moreover it has affected some sectors more than others particularly those dependent heavily upon imports or exports . This includes Automotive Industry which relies heavily upon imports from China hence adversely affecting availability& pricing scenarios . Furthermore due to lockdown restrictions applied by state governments amidst pandemic outbreak operations were severely hampered at factories coupled with reduction in manpower availability leading to shortfall / disruptionin supplies chain ultimately stalling economic progress & business activities .
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Bolts Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Bolts Market Revenues & Volume, 2020 & 2030F |
3.3 India Bolts Market - Industry Life Cycle |
3.4 India Bolts Market - Porter's Five Forces |
3.5 India Bolts Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 India Bolts Market Revenues & Volume Share, By Applications, 2020 & 2030F |
3.7 India Bolts Market Revenues & Volume Share, By Grade, 2020 & 2030F |
4 India Bolts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Bolts Market Trends |
6 India Bolts Market, By Types |
6.1 India Bolts Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Bolts Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 India Bolts Market Revenues & Volume, By M6, 2020-2030F |
6.1.4 India Bolts Market Revenues & Volume, By M8, 2020-2030F |
6.1.5 India Bolts Market Revenues & Volume, By M10, 2020-2030F |
6.1.6 India Bolts Market Revenues & Volume, By M12, 2020-2030F |
6.1.7 India Bolts Market Revenues & Volume, By M14, 2020-2030F |
6.1.8 India Bolts Market Revenues & Volume, By M16, 2020-2030F |
6.1.9 India Bolts Market Revenues & Volume, By Others, 2020-2030F |
6.1.10 India Bolts Market Revenues & Volume, By Others, 2020-2030F |
6.2 India Bolts Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Bolts Market Revenues & Volume, By Construction, 2020-2030F |
6.2.3 India Bolts Market Revenues & Volume, By Petrochemical, 2020-2030F |
6.2.4 India Bolts Market Revenues & Volume, By Heavy Machine Equipment, 2020-2030F |
6.2.5 India Bolts Market Revenues & Volume, By Automotive, 2020-2030F |
6.2.6 India Bolts Market Revenues & Volume, By Aerospace, 2020-2030F |
6.2.7 India Bolts Market Revenues & Volume, By Home Appliances, 2020-2030F |
6.2.8 India Bolts Market Revenues & Volume, By Others, 2020-2030F |
6.2.9 India Bolts Market Revenues & Volume, By Others, 2020-2030F |
6.3 India Bolts Market, By Grade |
6.3.1 Overview and Analysis |
6.3.2 India Bolts Market Revenues & Volume, By GR 5.8, 2020-2030F |
6.3.3 India Bolts Market Revenues & Volume, By GR 8.8, 2020-2030F |
6.3.4 India Bolts Market Revenues & Volume, By GR10.9, 2020-2030F |
6.3.5 India Bolts Market Revenues & Volume, By GR 12.9, 2020-2030F |
6.3.6 India Bolts Market Revenues & Volume, By Others, 2020-2030F |
7 India Bolts Market Import-Export Trade Statistics |
7.1 India Bolts Market Export to Major Countries |
7.2 India Bolts Market Imports from Major Countries |
8 India Bolts Market Key Performance Indicators |
9 India Bolts Market - Opportunity Assessment |
9.1 India Bolts Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 India Bolts Market Opportunity Assessment, By Applications, 2020 & 2030F |
9.3 India Bolts Market Opportunity Assessment, By Grade, 2020 & 2030F |
10 India Bolts Market - Competitive Landscape |
10.1 India Bolts Market Revenue Share, By Companies, 2023 |
10.2 India Bolts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |