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Our Automotive consultant will provide end-to-end solutions from product identification to plant setup & commissioning. Our automotive consultants have more then 20+ years of experience & we have completed 565+ projects across India.
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Different Sectors in Automotive Industry
The automobile is one of the largest sectors in India, contributing to over 7.1% of the GDP. India became the fourth-largest automobile market in the world in 2019, surpassing Germany. India is expected to become the third-largest automobile market in the world in terms of volume by 2026. The Indian automobile industry is expected to reach USD 300 billion by 2026.
The Indian automobile industry is leading on several fronts, primarily passenger cars, utility vehicles, vans, and two-wheelers. India is the largest manufacturer of two-wheelers, three-wheelers, and tractors in the world. India is the second-largest bus manufacturer, the third-largest heavy truck manufacturer, and the fourth-largest car manufacturer in the world.
Global Industrial Fasteners Market was valued US$ 81.60 Bn in 2017 and is expected to reach 105.30 Bn by 2026, at a CAGR of 3.24 % during a forecast period.
Fasteners are commonly used to join the different parts of items by using nuts and bolts, washers, screws, clips, clamps and other products.
Increasing demand for fasteners in the automotive industry, coupled with a rise in construction and manufacturing expenditure in emerging countries like China, and India, is projected to increase the demand for industrial fasteners.
These fasteners provide exceptional mechanical strength and impact resistance, in heavy-duty applications like industrial machinery, and construction equipment.
The automotive sector is expected to dominate the global industrial fasteners market.
The growth is attributed to increasing the production of medium commercial vehicles, light commercial vehicles, heavy earth moving equipment, textile machinery, machine tools, aircraft, and utility vehicles.
The automotive industry continues to change and evolve year after year.
Now, innovations in the immersive technology - augmented reality (AR) are being incorporated into the automotive industry.
Read this blog to know more about AR in the Automation Industry.The automotive industry continues to change and evolve year after year.
Now, innovations in the immersive technology – augmented reality (AR) are being incorporated into the automotive industry.
Many automotive industries such as Volkswagen, Audi, BMW and Ford have already adopted Augmented Reality and have used this immersive technology in different areas.
From designing, training and safety checks are all done with this immersive technology.Learn more at AR in the Automotive Industry.
