International Hardware Fair India 2023

The debut edition of the International Hardware Fair India 2023 held at Pragati Maidan, New Delhi, exceeded expectations, attracting over 7500 industry professionals. Organised by Koelnmesse Pvt. Ltd. and powered by EISENWARENMESSE – International Hardware Fair Cologne, Germany, IHF India emerged as a pivotal platform for the hardware industry.

The key dignitaries at IHF 2023 hailed India's booming hardware industry, highlighting the impressive growth of key sectors like hand tools (projected to reach USD 416.2 million by 2029) and industrial fasteners (expected to hit INR 460 billion by 2023).

Commenting on the International Hardware Fair India 2023, Oliver Frese, COO, Koelnmesse GmbH said, “The International Hardware Fair India achieved remarkable success, uniting more than 200 international exhibitors, and attracting over 7500 trade buyers from both India and across the globe. It's with great satisfaction that we contributed to fostering connections among these businesses and presenting cutting-edge innovations within the hardware industry. We firmly believe that the International Hardware Fair India will persist as a pivotal platform for the industry in the years ahead. Our heartfelt gratitude goes to all the exhibitors, trade buyers, and sponsors whose invaluable contributions made this event a reality. Anticipating with enthusiasm, we look forward to hosting you once again at the International Hardware Fair India in 2024.”

Innovation took centre stage at the Innovation Product Showcase Zone, where J K Files emerged as the winner, followed closely by Carborundum Universal Limited as the first runner-up and Vishal Tools as the second runner-up. These events known for innovation and collaboration reinforce their commitment to a hardware hand tool industry projected to reach $ 416.2 million by 2029 and demonstrated their impact and ingenuity, reflecting the industry's constant pursuit of advancement and excellence. Moreover, IHF India 2023 succeeded in capturing the interest of over 50% of its exhibitors, who expressed their keenness to rebook for the next edition.

The success of the event has been bolstered by robust support from prominent national and international industrial associations. Notable partners include the 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 various other influential organisations.

Reflecting on the event, Milind Dixit, Managing Director at Koelnmesse Pvt Ltd, said, “The resounding success of IHF India 2023 underscores India's dedication to economic advancement and industrial excellence. We are delighted to play a role in fostering the industry's growth. A notable trend among hardware companies is the adoption of robotics and automation, a strategic move to enhance plant efficiency and productivity. This trend was evident at IHF India, with several leading companies showcasing their latest innovations in this field. As a recent report by KPMG highlights, 16% of global metal companies have already invested in robotics for metal manufacturing and anticipate the deployment of 1.2 million industrial robots by 2025. This shift towards automation is poised to significantly impact the hardware industry, and IHF India is committed to providing a platform for companies to embrace and explore these transformative technologies.”

International Hardware Fair India 2023 is poised for sustained growth, fuelled by innovation, government support, and rising demand. The event's success sets the stage for future editions, promising continued excellence in showcasing the latest trends, products, and collaborative opportunities in the hardware industry.

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