Indian hand tools, power tools and fasteners market are seen to be seen, which is inspired by government capital expenditure on roads, railways, airports and houses, furniture manufacturing, automotive aftermarkets and growing, with increasing demand from itself (DIY) culture, said by industry officials and experts.
According to a study by the IMARC group, the price of about 826 million dollars in 2024, domestic hand equipment market, is estimated to reach $ 1.22 billion by 2033, growing in CAGR of 4.1%, supported by infrastructure build-out, MSME modernization and strongermarket demand.
Power Tools segment, according to this study, is estimated to be $ 1.85 billion in 2025, in 2035 CAGR is expected to be more than $ 3.8 billion in CAGR of 7.8%, with cordless tools gaining momentum for their safety, dynamics and productivity benefits.
Together, hand equipment, power equipment and fastening systems form the spinal cord of modern manufacturing, manufacturing and infrastructure projects, from motor vehicles and aerospace to real estate and smart city development, while fasteners literally mean that everything from consumer equipment to industrial machinery is “catch”, he said.
Keeping in mind the capabilities of development and discouraging imports, the central government is seen encouraging domestic manufacturers to pursue local manufacturing, which has begun to gain momentum.
Rajesh Peshian, General Manager of Osho Tools Private, said, “Discussion on Post-Pandemic, Hand Tools and Power Tools sector was approved by the government for allocation of ₹ 3,000 crore to establish domestic power tool manufacturing in India.” Ltd. which produces equipment under the Venus brand name.
He said, “This initiative is expected to reduce import dependence, maintain value within the country, and have adequate employment opportunities,” he said that hand equipment and fasteners expo (HTF) and International Exhibition on Cutting and Welding Material (CWE) are said to be in the International Exhibition.
The company is now producing indigenously cold forged sockets and impact sockets that were earlier imported from China. He said, “95% of these devices are imported from China and after 5 years of efforts we are now able to make these manufacturers in India. With the support of the government we can change the imports of about ₹ 100 crore from China,” he said.
Neeraj Aggarwal, director of De Neers Tools Limited, said, “As one of the leading brands in hand equipment, we are committed to offering a full range of solutions and expanding our capabilities with two upcoming manufacturing units in India.”
He said, “This step will not only reduce dependence on imports, but will generate employment and contribute to the construction of a strong future for the hand tools in the country,” he said at this event, which is co-located with the machinery expo (UMEX) and International Machine Tools Exo (IMEX).
Aman Aggarwal, managing director of a cube tools and hardware LLP India, said, “For years, the OEMs and factories of India rely on large -scale established European equipment brands. We are able to match with the introduction of Dong Cheng, and in many cases, more than those benchmarks, which combine the credible quality with greater affection.”
He said, “This change has encouraged several OEMs to adopt Dong Cheng as a reliable option, in which the equipment distributes the lifetime of six months to one year. It reflects the growing belief in competitive, high quality solutions that meet the demands of Indian manufacturing,” he said.
Yogesh Mudars, managing director of Inferma Markets in India, said, “Equipment industry is an important promoter in global manufacturing, driving efficiency and productivity, motor vehicle, electronics and infrastructure. India’s ambition is more than $ 25 billion than $ 23 billion more than $ 2035 billion.”
“Our focus is on strengthening business opportunities, developing industry linkage and building a platform that supports long -term development for the region. We are optimistic about the journey ahead and we will change this change for all stakeholders.”
Published – September 28, 2025 02:13 pm IST
