India Machine Components Market Size & Outlook Report 2033

India Machine Components Market Size, Share, Trends and Forecast by Component Type, Material, End Use Industry, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A33063

India Machine Components Market Overview:

The India machine components market size reached USD 228.80 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 334.50 Million by 2033, exhibiting a growth rate (CAGR) of 3.90% during 2025-2033. The market is growing steadily, supported by expanding manufacturing activity, localization of supply chains, and rising demand for precision-engineered parts. Additionally, sectors such as automotive, aerospace, and industrial machinery are investing in technological upgrades, while digital adoption and improved material capabilities are reshaping production standards and supplier competitiveness across the value chain.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 228.80 Million
Market Forecast in 2033	USD 334.50 Million
Market Growth Rate 2025-2033	3.90%

India Machine Components Market Trends:

Increased Localization of Component Manufacturing

Indian manufacturers are gradually shifting towards locally sourcing machine components to reduce dependence on imports and mitigate supply chain disruptions. This trend is supported by government-led initiatives like ‘Make in India’ and the Production Linked Incentive (PLI) schemes, which encourage domestic production across engineering sectors. For instance, as of August 2024, the automobile and auto components sector in India received 95 approvals under the PLI scheme, reinforcing the push for indigenous production. However, the rising import costs, fluctuating forex rates, and geopolitical uncertainties are making localization both a cost and risk management strategy. Additionally, original equipment manufacturers (OEMs) across sectors, such as automotive, aerospace, and industrial machinery, are expanding their supplier base within India to achieve faster lead times and better control over quality. Concurrently, component suppliers are investing in advanced computer numerical control (CNC) machinery, testing infrastructure, and certifications to meet global manufacturing standards. This localized ecosystem is also facilitating greater collaboration between small component makers and large equipment manufacturers, resulting in better integration and co-development of critical parts.

India Machine Components Market Size

Demand for Precision Engineering and High-Performance Alloys

The demand for precision-machined components is rising sharply, driven by the heightened requirement for machine components in sectors such as aerospace, medical devices, electric vehicles, and high-end industrial automation. These industries require components with tight tolerances, high thermal resistance, and longer fatigue life. As a result, machine component manufacturers are adopting advanced manufacturing techniques, including multi-axis CNC machining, additive manufacturing, and real-time quality control systems. Alongside, the growing use of high-performance alloys like titanium, Inconel, and duplex stainless steels, especially in applications where reliability and performance are critical. Indian suppliers are upskilling their workforce and upgrading production systems to meet these evolving technical requirements. This is also facilitating investments in CAD/CAM integration, metrology equipment, and process automation to maintain consistency at scale. For instance, in January 2025, Cimatron announced launch of its latest CAD/CAM solution, Cimatron 2025, in India at IMTEX 2025. This aims to enhance efficiency and reduce delivery times by offering integrated workflows, artificial intelligence (AI)-powered tools, and improved productivity for mold, die, and manufacturing shops. However, the focus is no longer just on mass production but on producing technically superior components tailored for specific applications. Furthermore, with global OEMs increasingly sourcing from India, precision and metallurgy capabilities are becoming key differentiators for suppliers aiming to move up the value chain.

India Machine Components Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on component type, material, and end use industry.

Component Type Insights:

Bearings
Gears
Fasteners
Seals
Couplings
Others

The report has provided a detailed breakup and analysis of the market based on the component type. This includes bearings, gears, fasteners, seals, couplings, and others.

Material Insights:

Metals
Plastics
Composites

A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes metals, plastics, and composites.

End Use Industry Insights:

Automotive
Aerospace
Industrial Machinery
Electronics
Construction
Others

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes automotive, aerospace, industrial machinery, electronics, construction, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Machine Components Market News:

In July 2024, Shibaura Machine India announced the launch of its second factory in Chennai with an investment of ₹225 crore. The new unit will increase annual production capacity from 1,200 to 4,000 machines. This facility aims to support job creation, MSME vendor development, and strengthen the company’s commitment to the Make in India initiative.
In September 2024, Brother Machinery India announced the completion of its new machine tool plant near Bengaluru, with operations set to begin in December 2024. The facility aims to produce standard models and support the automotive and medical sectors while reducing CO₂ emissions using solar power.

India Machine Components Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Component Type Material End Use Industry Region
Component Types Covered	Bearings, Gears, Fasteners, Seals, Couplings, Others
Materials Covered	Metals, Plastics, Composites
End Use Industries Covered	Automotive, Aerospace, Industrial Machinery, Electronics, Construction, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India machine components market performed so far and how will it perform in the coming years?
What is the breakup of the India machine components market on the basis of component type?
What is the breakup of the India machine components market on the basis of material?
What is the breakup of the India machine components market on the basis of end use industry?
What is the breakup of the India machine components market on the basis of region?
What are the various stages in the value chain of the India machine components market?
What are the key driving factors and challenges in the India machine components market?
What is the structure of the India machine components market and who are the key players?
What is the degree of competition in the India machine components market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India machine components market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India machine components market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India machine components industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.