India Machine Tools Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Machine Tools Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The India machine tools market is currently witnessing stable growth. Machine tools are utilized to perform a wide range of operations, such as cutting, forming, drilling, grinding and abrading. These tools enhance product uniformity and reduce the manual efforts required. At present, various machine tools are available in the Indian market, ranging from small workbench mounted instruments to large devices that are employed in the automotive, aerospace and electronics industries.

Rising industrial automation to increase the overall productivity and improve the ergonomics represents one of the significant factors stimulating the market growth in India. Apart from this, an increase in the number of small and medium-sized enterprises (SMEs), along with stringent evaluation criteria on product quality, is bolstering the market growth. Furthermore, due to lower labor and raw materials costs and reduced tax rates, several foreign companies are setting up their manufacturing bases in India. This is further providing growth opportunities to these manufacturers to expand their consumer base in the country. Moreover, the escalating energy demand is leading to the exploration of new oil and gas fields in India, which is expected to create a positive influence on market growth. Looking forward, IMARC Group expects the market to exhibit steady growth during the forecast period (2020-2025).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India machine tools market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, tool type, technology type and end use industry.

Breakup by Tool Type:

Metal Cutting
Metal Forming
Accessories

Breakup by Technology Type:

Conventional
CNC (Computerized Numerical Control)

Breakup by End Use Industry:

Automotive
Aerospace and Defense
Electrical and Electronics
Consumer Goods
Precision Engineering
Others

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the India machine tools market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India machine tools market?
What are the key regional markets?
What is the breakup of the market based on the tool type?
What is the breakup of the market based on the technology type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the India machine tools market and who are the key players?
What is the degree of competition in the industry?