India Dies and Molds Market Outlook to 2030
Description
India Dies and Molds Market Overview
The India Dies and Molds Market is valued at USD 40 Crore, based on a five-year historical analysis. This growth is primarily driven by the increasing demand from the automotive and consumer electronics sectors, alongside a surge in manufacturing activities. The market is also supported by advancements in technology and materials, which enhance the efficiency and quality of dies and molds used in production processes.
Key players in this market are concentrated in major industrial hubs such as Pune, Chennai, and Bengaluru. These cities dominate due to their robust manufacturing infrastructure, skilled workforce, and proximity to automotive and electronics industries, which are significant consumers of dies and molds. The presence of established companies and a supportive ecosystem further contributes to their dominance.
In 2023, the Indian government implemented the Production-Linked Incentive (PLI) scheme aimed at boosting domestic manufacturing capabilities in the dies and molds sector. This initiative includes financial incentives for companies that increase production and invest in advanced technologies, thereby enhancing the competitiveness of Indian manufacturers in the global market.
India Dies and Molds Market Segmentation
By Type:
The market is segmented into UPVC, CPVC, PPR, Sewage, Double Y Fitting, and Others. UPVC holds the dominant position in the market, driven by its cost-effectiveness, chemical resistance, and suitability for residential plumbing and industrial applications. The segment continues to gain traction due to government initiatives promoting affordable housing and water management systems
By Application
: The India Dies and Moulds Market is segmented by application into Automotive Moulds, Packaging Moulds, Industrial Moulds, Pipe Fitting Moulds, Electronic Moulds, and Others. Automotive Moulds continue to dominate the market, supported by growing vehicle production and the demand for precision parts across both ICE and EV segments. The adoption of lightweight and high-strength moulded components has further fueled demand in this segment.
India Dies and Molds Market Competitive Landscape
The India Dies and Molds Market is characterized by a dynamic mix of regional and international players. Leading participants such as Supreme Industries, Ashirvad Pipes, Finolex Pipes, Astral Pipes,and Prince Pipes contribute to innovation, geographic expansion, and service delivery in this space.
Supreme Industries
1942
Mumbai, Maharashtra
Ashirvad Pipes
1998
Bengaluru, Karnataka
Finolex Pipes
1981
Pune, Maharashtra
Astral Pipes
1996
Ahmedabad, Gujarat
Prince Pipes
1987
Mumbai, Maharashtra
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate
Market Penetration Rate
Customer Retention Rate
Production Efficiency
Pricing Strategy
India Dies and Molds Market Industry Analysis
Growth Drivers
Rising Demand from White Goods and Automotive Production:
India’s white goods production is expected to double in the coming years, while automotive production is projected to cross 310 lakh units in FY’25. This rapid output growth necessitates large-scale deployment of high-precision dies and molds to ensure consistent quality and scalable manufacturing. As vehicle and appliance manufacturers expand capacity, the demand for tooling solutions will rise sharply to support volume efficiency and component standardization.
Government Push through Industrial Parks and Policy Support:
India’s manufacturing sector is forecasted to reach revenues of INR 8,757 thousand crore by FY’26, aided by initiatives like ‘Make in India.’ The establishment of dedicated industrial parks—such as the 530-acre Integrated Machine Tools Park in Tumakuru, Karnataka—offers modern infrastructure and 145 acres allocated for machinery units. These policy-driven efforts are unlocking demand for dies and molds by supporting the growth of domestic precision tooling ventures.
Adoption of High-Precision Multi-Cavity Molds:
The adoption of multi-cavity injection molds is rising in automotive and pipe-fitting industries to meet high-volume production needs. A 10-cavity mold can yield 10 identical parts per cycle, improving output without extending time. Projects like Jal Jeevan Mission (INR 3.6 lakh crore) are also fueling pipe-fitting demand. These advanced molds reduce energy use, labor cost per part, and machine downtime—enabling manufacturers to ensure tight tolerances and operational efficiency at scale.
Market Challenges
Volatility in Steel and Alloy Prices:
Fluctuating steel prices and increased reliance on imports have created pricing instability in the dies and molds sector. With India becoming a net steel importer and witnessing a surge in finished steel imports, cost pressures on tool steel and alloy procurement have intensified. These price swings, combined with cheap import competition, compress profit margins and disrupt budgeting for toolroom operations, particularly for smaller manufacturers.
Shortage of Skilled Mold-Making Workforce:
Mold manufacturing demands specialized knowledge in materials, machining, and design—skills that many new workers currently lack. This talent gap slows production and affects product quality. In response, manufacturers are increasingly collaborating with technical institutions and investing in training initiatives to build a steady pipeline of skilled labor. However, bridging this workforce deficit remains a long-term challenge, especially in regions with limited access to vocational education.
India Dies and Molds Market Future Outlook
The India dies and molds market is poised for significant transformation, driven by technological advancements and evolving consumer preferences. The integration of automation and IoT in manufacturing processes is expected to enhance efficiency and reduce production costs. Additionally, the growing emphasis on sustainability will likely lead to the development of eco-friendly molds, aligning with global environmental standards. As the market adapts to these trends, manufacturers will need to innovate continuously to meet the demands of diverse industries, ensuring long-term growth and competitiveness.
Market Opportunities
Supply Chain Realignment Boosting Tooling Demand in India:
As global manufacturers diversify away from China due to rising costs and geopolitical risks, India is emerging as a preferred destination for tooling demand. With lower turnaround times, improved product quality, and a competitive manufacturing ecosystem, opportunities in dies, molds, and precision tools are shifting to India—driven by increased localization and strategic sourcing by global OEMs.
Infrastructure Pipeline Driving Demand for High-Precision Tooling:
India’s National Infrastructure Pipeline (NIP), with INR 111 lakh crore earmarked across 14,000 projects by 2025, is creating sustained demand for high-precision tooling across construction, transport, water, and energy sectors. The growing use of Public-Private Partnerships (PPPs) and InvITs offers tooling manufacturers long-term supply opportunities in critical infrastructure and urban transformation projects.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The India Dies and Molds Market is valued at USD 40 Crore, based on a five-year historical analysis. This growth is primarily driven by the increasing demand from the automotive and consumer electronics sectors, alongside a surge in manufacturing activities. The market is also supported by advancements in technology and materials, which enhance the efficiency and quality of dies and molds used in production processes.
Key players in this market are concentrated in major industrial hubs such as Pune, Chennai, and Bengaluru. These cities dominate due to their robust manufacturing infrastructure, skilled workforce, and proximity to automotive and electronics industries, which are significant consumers of dies and molds. The presence of established companies and a supportive ecosystem further contributes to their dominance.
In 2023, the Indian government implemented the Production-Linked Incentive (PLI) scheme aimed at boosting domestic manufacturing capabilities in the dies and molds sector. This initiative includes financial incentives for companies that increase production and invest in advanced technologies, thereby enhancing the competitiveness of Indian manufacturers in the global market.
India Dies and Molds Market Segmentation
By Type:
The market is segmented into UPVC, CPVC, PPR, Sewage, Double Y Fitting, and Others. UPVC holds the dominant position in the market, driven by its cost-effectiveness, chemical resistance, and suitability for residential plumbing and industrial applications. The segment continues to gain traction due to government initiatives promoting affordable housing and water management systems
By Application
: The India Dies and Moulds Market is segmented by application into Automotive Moulds, Packaging Moulds, Industrial Moulds, Pipe Fitting Moulds, Electronic Moulds, and Others. Automotive Moulds continue to dominate the market, supported by growing vehicle production and the demand for precision parts across both ICE and EV segments. The adoption of lightweight and high-strength moulded components has further fueled demand in this segment.
India Dies and Molds Market Competitive Landscape
The India Dies and Molds Market is characterized by a dynamic mix of regional and international players. Leading participants such as Supreme Industries, Ashirvad Pipes, Finolex Pipes, Astral Pipes,and Prince Pipes contribute to innovation, geographic expansion, and service delivery in this space.
Supreme Industries
1942
Mumbai, Maharashtra
Ashirvad Pipes
1998
Bengaluru, Karnataka
Finolex Pipes
1981
Pune, Maharashtra
Astral Pipes
1996
Ahmedabad, Gujarat
Prince Pipes
1987
Mumbai, Maharashtra
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate
Market Penetration Rate
Customer Retention Rate
Production Efficiency
Pricing Strategy
India Dies and Molds Market Industry Analysis
Growth Drivers
Rising Demand from White Goods and Automotive Production:
India’s white goods production is expected to double in the coming years, while automotive production is projected to cross 310 lakh units in FY’25. This rapid output growth necessitates large-scale deployment of high-precision dies and molds to ensure consistent quality and scalable manufacturing. As vehicle and appliance manufacturers expand capacity, the demand for tooling solutions will rise sharply to support volume efficiency and component standardization.
Government Push through Industrial Parks and Policy Support:
India’s manufacturing sector is forecasted to reach revenues of INR 8,757 thousand crore by FY’26, aided by initiatives like ‘Make in India.’ The establishment of dedicated industrial parks—such as the 530-acre Integrated Machine Tools Park in Tumakuru, Karnataka—offers modern infrastructure and 145 acres allocated for machinery units. These policy-driven efforts are unlocking demand for dies and molds by supporting the growth of domestic precision tooling ventures.
Adoption of High-Precision Multi-Cavity Molds:
The adoption of multi-cavity injection molds is rising in automotive and pipe-fitting industries to meet high-volume production needs. A 10-cavity mold can yield 10 identical parts per cycle, improving output without extending time. Projects like Jal Jeevan Mission (INR 3.6 lakh crore) are also fueling pipe-fitting demand. These advanced molds reduce energy use, labor cost per part, and machine downtime—enabling manufacturers to ensure tight tolerances and operational efficiency at scale.
Market Challenges
Volatility in Steel and Alloy Prices:
Fluctuating steel prices and increased reliance on imports have created pricing instability in the dies and molds sector. With India becoming a net steel importer and witnessing a surge in finished steel imports, cost pressures on tool steel and alloy procurement have intensified. These price swings, combined with cheap import competition, compress profit margins and disrupt budgeting for toolroom operations, particularly for smaller manufacturers.
Shortage of Skilled Mold-Making Workforce:
Mold manufacturing demands specialized knowledge in materials, machining, and design—skills that many new workers currently lack. This talent gap slows production and affects product quality. In response, manufacturers are increasingly collaborating with technical institutions and investing in training initiatives to build a steady pipeline of skilled labor. However, bridging this workforce deficit remains a long-term challenge, especially in regions with limited access to vocational education.
India Dies and Molds Market Future Outlook
The India dies and molds market is poised for significant transformation, driven by technological advancements and evolving consumer preferences. The integration of automation and IoT in manufacturing processes is expected to enhance efficiency and reduce production costs. Additionally, the growing emphasis on sustainability will likely lead to the development of eco-friendly molds, aligning with global environmental standards. As the market adapts to these trends, manufacturers will need to innovate continuously to meet the demands of diverse industries, ensuring long-term growth and competitiveness.
Market Opportunities
Supply Chain Realignment Boosting Tooling Demand in India:
As global manufacturers diversify away from China due to rising costs and geopolitical risks, India is emerging as a preferred destination for tooling demand. With lower turnaround times, improved product quality, and a competitive manufacturing ecosystem, opportunities in dies, molds, and precision tools are shifting to India—driven by increased localization and strategic sourcing by global OEMs.
Infrastructure Pipeline Driving Demand for High-Precision Tooling:
India’s National Infrastructure Pipeline (NIP), with INR 111 lakh crore earmarked across 14,000 projects by 2025, is creating sustained demand for high-precision tooling across construction, transport, water, and energy sectors. The growing use of Public-Private Partnerships (PPPs) and InvITs offers tooling manufacturers long-term supply opportunities in critical infrastructure and urban transformation projects.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
90 Pages
- 1. India Dies and Molds Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. India Dies and Molds Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. India Dies and Molds Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing Demand from Automotive Sector
- 3.1.2. Growth in Consumer Electronics Manufacturing
- 3.1.3. Expansion of the Construction Industry
- 3.1.4. Technological Advancements in Manufacturing Processes
- 3.2. Restraints
- 3.2.1. High Initial Investment Costs
- 3.2.2. Skilled Labor Shortage
- 3.2.3. Fluctuating Raw Material Prices
- 3.2.4. Stringent Regulatory Compliance
- 3.3. Opportunities
- 3.3.1. Adoption of Automation in Manufacturing
- 3.3.2. Growing Export Potential
- 3.3.3. Development of Eco-friendly Molds
- 3.3.4. Rising Demand for Custom Molds
- 3.4. Trends
- 3.4.1. Shift Towards 3D Printing Technology
- 3.4.2. Increasing Focus on Sustainability
- 3.4.3. Integration of IoT in Manufacturing
- 3.4.4. Customization and Personalization in Product Design
- 3.5. Government Regulation
- 3.5.1. Implementation of Quality Standards
- 3.5.2. Environmental Regulations on Manufacturing
- 3.5.3. Import Tariffs on Raw Materials
- 3.5.4. Incentives for Local Manufacturing
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. India Dies and Molds Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. UPVC
- 4.1.2. CPVC
- 4.1.3. PPR
- 4.1.4. Sewage
- 4.1.5. Double Y Fitting
- 4.1.6. Others
- 4.2. By Application (in Value %)
- 4.2.1. Automotive Moulds
- 4.2.2. Packaging Moulds
- 4.2.3. Industrial Moulds
- 4.2.4. Pipe Fitting Moulds
- 4.2.5. Electronic Moulds
- 4.2.6. Others
- 4.3. By Distribution Channel (in Value %)
- 4.3.1. B2B
- 4.3.2. D2C
- 4.4. By Material Type (in Value %)
- 4.4.1. Steel
- 4.4.2. Aluminum
- 4.4.3. Plastic
- 4.5. By End-User (in Value %)
- 4.5.1. Automotive
- 4.5.2. Electronics
- 4.5.3. Construction
- 4.6. By Region (in Value %)
- 4.6.1. North India
- 4.6.2. South India
- 4.6.3. East India
- 4.6.4. West India
- 4.6.5. Central India
- 4.6.6. Northeast India
- 4.6.7. Union Territories
- 5. India Dies and Molds Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. Supreme Industries
- 5.1.2. Ashirvad Pipes
- 5.1.3. Finolex Pipes
- 5.1.4. Astral Pipes
- 5.1.5. Prince Pipes
- 5.2. Cross Comparison Parameters
- 5.2.1. No. of Employees
- 5.2.2. Headquarters
- 5.2.3. Inception Year
- 5.2.4. Revenue
- 5.2.5. Production Capacity
- 6. India Dies and Molds Market Regulatory Framework
- 6.1. Building Standards
- 6.2. Compliance Requirements and Audits
- 6.3. Certification Processes
- 7. India Dies and Molds Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. India Dies and Molds Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By Application (in Value %)
- 8.3. By Distribution Channel (in Value %)
- 8.4. By Material Type (in Value %)
- 8.5. By End-User (in Value %)
- 8.6. By Region (in Value %)
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