By the Members, of the Members & for the Members

About ITS 2019


 

International Tooling Summit provides you an elite platform to network with domain experts, gain in-depth understanding of the latest technologies, identify market trends and acquire competitive knowledge of leading market players and showcase your product & solution offerings to over 350+ executives, business & functional heads from leading companies. While your brand gets exposure to key industry stake holders present at the summit, it also reaches to a wider community of professional practitioners through our pre & post conference advertising and publicity campaign carried out through various mediums.

The previous three editions held in Mumbai(2016), New Delhi(2017) and Chennai(2018) were grand success with quality participation of national and international tooling fraternity.

Industry Overview

There is an increase in demand for tooling in India, thanks to the growing requirement in the automobile industry. In a bid to make India a manufacturing hub, and to augment exports from the country, major automotive manufacturers are now sourcing most of their tooling requirement from India. This means localization of tooling is happening. When an automobile is manufactured, OEMs and Tier–1 suppliers are looking to source tooling locally – instead of relying on imports – so as to reduce the cost.

India is likely to witness the kind of growth China experienced. When automotive players set shop in China, the local tooling suppliers improved their capabilities to fulfil the growing demand. Eventually, the local tooling suppliers improved and started exporting to developed markets like the US, Europe and Japan. This is what is going to happen in India as well. The demand will drive the technology adoption, and eventually, India will become a major supplier of tools.

According to TAGMA report on Indian Tooling industry, for the FY 2016-17, the estimated market size of the Indian tooling industry (comprising press tools, plastic mould, die casting dies, forging dies, rubber mould, jigs & fixtures and checking gauges) is around $ 2070 million. The overall tooling market is further divided into two key segments – domestic manufacturing of tooling (from Commercial Tool Room and Captive Tool Room) and imports. It is estimated that total tooling market in India will reach to USD 2683 million by FY 2020 with the CAGR of 9% from market of $ 2070 million by FY 2019-20. Currently, the import of tooling accounts makes for around 18% of the total tooling requirement in the country. It is expected to slightly grow to become 19% by FY 2019-20.

 

Objectives

  • Gathering of Customers, suppliers, tool manufacturer’s and entire tooling fraternity
  • Addressing the Industry challenges
  • Focus of Technology
  • Nurture the Collaboration method to grow

Highlights of Summit

  • Sector Watch
  • Technology
  • Challenges
  • Latest Trends