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India Machine Tools Market to Grow at 11.45% During 2022-2027, Impelled by Rising Industrial Automation

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India Machine Tools Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India machine tools market is expected to exhibit a CAGR of 11.45% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India machine tools market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on tool type, technology type and end use industry.

Breakup by Tool Type:

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Tool Type, Technology Type, End Use Industry, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
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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)

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    India Machine Tools Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Tool Type
    6.1    Metal Cutting
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Metal Forming
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Accessories
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Technology Type
    7.1    Conventional
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    CNC (Computerized Numerical Control)
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Automotive
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aerospace and Defense
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Electrical and Electronics
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Consumer Goods
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Precision Engineering
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North India
        9.1.1 Market Trends
        9.1.2 Market Breakup by State
        9.1.3 Market Forecast
    9.2    West and Central India
        9.2.1 Market Trends
        9.2.2 Market Breakup by State
        9.2.3 Market Forecast
    9.3    South India
        9.3.1 Market Trends
        9.3.2 Market Breakup by State
        9.3.3 Market Forecast
    9.4    East India
        9.4.1 Market Trends
        9.4.2 Market Breakup by State
        9.4.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Policy and Regulatory Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players

List of Figures

Figure 1: India: Machine Tools Market: Major Drivers and Challenges
Figure 2: India: Machine Tools Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Machine Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Machine Tools Market: Breakup by Tool Type (in %), 2021
Figure 5: India: Machine Tools Market: Breakup by Technology Type (in %), 2021
Figure 6: India: Machine Tools Market: Breakup by End Use Industry (in %), 2021
Figure 7: India: Machine Tools Market: Breakup by Region (in %), 2021
Figure 8: India: Machine Tools (Metal Cutting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: India: Machine Tools (Metal Cutting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: India: Machine Tools (Metal Forming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: India: Machine Tools (Metal Forming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: India: Machine Tools (Accessories) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: India: Machine Tools (Accessories) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: India: Machine Tools (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: India: Machine Tools (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: India: Machine Tools (CNC- Computerized Numerical Control) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: India: Machine Tools (CNC- Computerized Numerical Control) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: India: Machine Tools (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: India: Machine Tools (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: India: Machine Tools (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: India: Machine Tools (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: India: Machine Tools (Electrical and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: India: Machine Tools (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: India: Machine Tools (Consumer Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: India: Machine Tools (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: India: Machine Tools (Precision Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: India: Machine Tools (Precision Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: India: Machine Tools (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: India: Machine Tools (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North India: Machine Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North India: Machine Tools Market: Breakup by State (in %), 2021
Figure 32: North India: Machine Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: West and Central India: Machine Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: West and Central India: Machine Tools Market: Breakup by State (in %), 2021
Figure 35: West and Central India: Machine Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: South India: Machine Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: South India: Machine Tools Market: Breakup by State (in %), 2021
Figure 38: South India: Machine Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: East India: Machine Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: East India: Machine Tools Market: Breakup by State (in %), 2021
Figure 41: East India: Machine Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Machine Tools Industry: SWOT Analysis
Figure 43: India: Machine Tools Industry: Value Chain Analysis
Figure 44: India: Machine Tools Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Machine Tools Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Machine Tools Market Forecast: Breakup by Tool Type (in Million US$), 2022-2027
Table 3: India: Machine Tools Market Forecast: Breakup by Technology Type (in Million US$), 2022-2027
Table 4: India: Machine Tools Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: India: Machine Tools Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: India: Machine Tools Market: Competitive Structure
Table 7: India: Machine Tools Market: Key Players

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Key Questions Answered in This Report

We expect the India machine tools market to exhibit a CAGR of 11.45% during 2022-2027.

The growing prominence of automation across numerous manufacturing processes, to enhance their
productivity and meet quality standards, is currently driving the India machine tools market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across the nation resulting in temporary closure of numerous end-use
industries for machine tools.

Based on the tool type, the India machine tools market can be categorized into metal cutting, metal
forming, and accessories. Among these, metal cutting tool currently exhibits a clear dominance in
the market.

Based on the technology type, the India machine tools market has been segmented into
conventional and CNC (Computerized Numerical Control). Currently, CNC (Computerized Numerical
Control) technology represents the largest market share.

Based on the end use industry, the India machine tools market can be bifurcated into automotive,
aerospace and defense, electrical and electronics, consumer goods, precision engineering, and
others. Among these, the automotive industry currently accounts for the majority of the total
market share.

On a regional level, the market has been classified into North India, West and Central India, South
India, and East India, where North India currently dominates the market.

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