- The Grand first edition of International Hardware Fair India to be held from 2nd December to 4th December, 2023 at Pragati Maidan, New Delhi.
- The India hand tools market, valued at USD 342.8 million in 2022, is anticipated to grow at a 4.3% CAGR, reaching USD 416.2 million by 2029.
- The India power tools market, valued at US$ 802.1 million in 2022, is projected to achieve an 8.9% CAGR from 2023 to 2030, signals vast opportunities for hardware industry.
New Delhi, [India]: Embarking on a grand debut in New Delhi, the International Hardware Fair India promises to unlock the power of hardware, hand tools and accessories, connecting global exhibitors with India’s vibrant industrial landscape. The debut edition of the event is powered by EISENWARENMESSE – International Hardware Fair Cologne, Germany, the world’s largest trade show in this segment. The event will take place at Hall 2 & 3, Pragati Maidan in New Delhi from December 2-4, 2023, featuring over 250 international exhibitors and 7000 trade buyers from India, Taiwan, Germany, China, Turkey, Korea amongst others. Amidst this global showcase, the hardware industry in India is currently valued at around 2500 Cr, with diverse segments such as hand tool, power tool, and the remaining in abrasives, architectural hardware, gardening tools, furniture & electrical hardware, etc. This convergence not only promises to present the latest innovations but also signifies the continued growth and bright future of India’s hardware industry.
Speaking at the announcement, Mr Milind Dixit, Managing Director, Koelnmesse Pvt Ltd said, “India’s power tools market, valued at approx. US$ 800 million in 2022, is projected to surge at a CAGR of 8.9% from 2023 to 2030, fuelled by the increasing adoption of cordless tools and India’s rapid infrastructure expansion. The hand tools market is also poised for steady growth, reaching approx. US$ 415 million by 2029, mirroring India’s expanding industries and evolving consumer demands. The International Hardware Fair 2023 stands as a pivotal platform for global collaboration, aligning international expertise with India’s ambitious growth plans and propelling the ‘Make in India’ initiative on a global scale.”
The event will centre on the demand for premium hand tools, power tools, specialty tools, abrasives, etc., and offer a great opportunity to build vital relationships in the industrial supply chain across multiple industries. The first edition is expected to bring together trade visitors from the manufacturing industry’s various segments, including heavy engineering, aviation, OEMs, construction and infrastructure, automobile/automobile service, woodworking and furniture, gardening and horticulture, DIY and more.
International Hardware Fair India is a gateway to discover various opportunities and build successful business relationships with hundreds of participating companies and industry leaders. Some of the key exhibitors include H.R. International, Carborundum Universal Limited (CUMI), Powertex Tools Co. Pvt. Ltd., D.P. Garg & Co. Pvt. Ltd., FMI Limited and others.
The event garnered extensive support from key national and international industrial associations like Engineering Export Promotion Council of India, Taiwan Hand Tool Manufacturers Association, Bhutan Hardware Association, Ludhiana Hand Tools Association, Jamnagar Factory Owners Association, Fasteners Manufacturers Association of India, Jamnagar Hardware Manufacturers Association, Chamber of Industrial & Commercial Undertakings, Alwar Hardware Merchants Association, New Timber Market Dealers Association, Haridwar Hardware Association and others.
The event’s key highlights include an Innovative Product Showcase Zone showcasing the most innovative and in-trend hardware tools and accessories, live technical product demonstrations, open seminar, and new launches. The event emerges as a gateway to unmatched business opportunities. Positioned at the forefront of growth, this inaugural edition is poised to catalyse future success for the industry.
For more information about International Hardware Fair India, please click on https://hardwarefair-india.com/
