India Machine Tools Market to Grow at 7.8% During 2025-2033, Impelled by Rising Industrial Automation

February 06, 2025 | Heavy Industry

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The latest report by IMARC Group, titled “India Machine Tools Market Report by Tool Type (Metal Cutting, Metal Forming, Accessories), Technology Type (Conventional, CNC (Computerized Numerical Control)), End Use Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Consumer Goods, Precision Engineering, and Others), and Region 2025-2033,” finds that the India machine tools market size reached USD 1.7 Billion in 2024. Machine tools are power-driven devices that form, cut, drill, grind, abrade and nibble industrial components in identical shapes. They are operated using numerical control that helps eliminate unwanted variations in the end product and minimize the manual efforts required to perform different operations. They also reduce scrap, lower setting times, and decrease the number of skilled operators required per machine. As a result, machine tools are widely utilized across the automotive, aerospace and electronics industries.

India Machine Tools Market Trends:

The market is primarily driven by the rising trend of automation across various industries. Machine tools are widely utilized to increase overall productivity and improve the ergonomics of various products. In addition, the integration of advanced technologies, such as artificial intelligence (AI), in machine tools to improve monitoring, productivity, tracking, and overall equipment effectiveness represents another major growth-inducing factor. Besides this, several foreign companies are setting up their manufacturing facilities in India due to reduced tax rates, and lower labor and raw materials costs. This, coupled with the increasing number of small and medium-sized enterprises (SMEs) in the country, is positively influencing the market growth. Looking forward, the market value is projected to reach USD 3.4 Billion by 2033, expanding at a CAGR of 7.8% during 2025-2033.

Market Summary:

Based on the tool type, the market has been categorized into metal cutting, metal forming and accessories.
On the basis of technology type, the market has been bifurcated into conventional and CNC (computerized numerical control).
Based on the end use industry, the market has been segmented into automotive, aerospace and defense, electrical and electronics, consumer goods, precision engineering and others.
Region-wise, the market has been divided into North India, West and Central India, South India, and East India.
The competitive landscape of the market has also been analyzed in the report, with the detailed profiles of the major players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
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
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)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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India Machine Tools Market to Grow at 7.8% During 2025-2033, Impelled by Rising Industrial Automation

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