Machine Tool Market in India 2020-2024

Machine Tool Market In India 2020-2024

Technavio has been monitoring the machine tool market in India 2020-2024 and it is poised to grow by USD 1.9 bn during 2020-2024, progressing at a CAGR of 13% during the forecast period. Our reports on machine tool market in India 2020-2024 provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current India market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising industrial automation in India. In addition, adoption of 3d printing technology is anticipated to boost the growth of the machine tool market in India 2020-2024 as well.

Market Segmentation

Technavio's machine tool market in India 2020-2024 is segmented as below:

Type:

  • Metal Cutting Machines
  • Metal Forming Machines
Technology:
  • CNC Machine Tools
  • Conventional Machine Tools
Geographic Segmentation:
  • India
Key Trends for machine tool market in India 2020-2024 growth

This study identifies adoption of 3d printing technology as the prime reasons driving the machine tool market in India 2020-2024 growth during the next few years.

Prominent vendors in machine tool market in India 2020-2024

We provide a detailed analysis of around 25 vendors operating in the machine tool market in India 2020-2024, including some of the vendors such as Bharat Fritz Werner Ltd., DMG MORI Co. Ltd., HMT Ltd., ITL Industries Ltd., Jyoti CNC Automation Ltd., Lakshmi Machine Works Ltd., Machine Tools India Ltd., Micromatic Machine Tools Pvt. Ltd., Okuma India Pvt. Ltd. and Tussor Machine Tools India Pvt. Ltd. .

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
      • Table Product / Service portfolio of key vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019-2024
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table India - Market size and forecast 2019-2024 ($ million)
        • Table India market: Year-over-year growth 2019-2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Technology
    • Market segments
      • Table Technology - Market share 2019-2024 (%)
    • Comparison by Technology
      • Table Comparison by Technology
    • CNC machine tools - Market size and forecast 2019-2024
      • Table CNC machine tools - Market size and forecast 2019-2024 ($ million)
      • Table CNC machine tools - Year-over-year growth 2019-2024 (%)
    • Conventional machine tools - Market size and forecast 2019-2024
      • Table Conventional machine tools - Market size and forecast 2019-2024 ($ million)
      • Table Conventional machine tools - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2019-2024 (%)
    • Comparison by Type
      • Table Comparison by Type
    • Metal cutting machines - Market size and forecast 2019-2024
      • Table Metal cutting machines - Market size and forecast 2019-2024 ($ million)
      • Table Metal cutting machines - Year-over-year growth 2019-2024 (%)
    • Metal forming machines - Market size and forecast 2019-2024
      • Table Metal forming machines - Market size and forecast 2019-2024 ($ million)
      • Table Metal forming machines - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer landscape
    • Table Customer landscape
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • Rising industrial automation in India
      • Growing demand for machine tools from ICE-based automobiles
      • Growing demand for CNC machine tools
    • Market challenges
      • Fluctuations in raw material prices
      • Ongoing slowdown of Indian economy
      • Availability of used machine tools
        • Table Impact of drivers and challenges
    • Market trends
      • Adoption of 3D printing technology
      • Growing digitization in machine tools
      • Growing popularity of all-electric vehicles influencing the demand for machine tools
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bharat Fritz Werner Ltd.
      • Table Bharat Fritz Werner Ltd. - Overview
      • Table Bharat Fritz Werner Ltd. - Product and service
      • Table Bharat Fritz Werner Ltd. - Key offerings
    • DMG MORI Co. Ltd.
      • Table DMG MORI Co. Ltd. - Overview
      • Table DMG MORI Co. Ltd. - Business segments
      • Table DMG MORI Co. Ltd. - Key News
      • Table DMG MORI Co. Ltd. - Key offerings
      • Table DMG MORI Co. Ltd. - Segment focus
    • HMT Ltd.
      • Table HMT Ltd. - Overview
      • Table HMT Ltd. - Business segments
      • Table HMT Ltd. - Key offerings
      • Table HMT Ltd. - Segment focus
    • ITL Industries Ltd.
      • Table ITL Industries Ltd. - Overview
      • Table ITL Industries Ltd. - Business segments
      • Table ITL Industries Ltd. - Key offerings
      • Table ITL Industries Ltd. - Segment focus
    • Jyoti CNC Automation Ltd.
      • Table Jyoti CNC Automation Ltd. - Overview
      • Table Jyoti CNC Automation Ltd. - Product and service
      • Table Jyoti CNC Automation Ltd. - Key offerings
    • Lakshmi Machine Works Ltd.
      • Table Lakshmi Machine Works Ltd. - Overview
      • Table Lakshmi Machine Works Ltd. - Business segments
      • Table Lakshmi Machine Works Ltd. - Key offerings
      • Table Lakshmi Machine Works Ltd. - Segment focus
    • Machine Tools India Ltd.
      • Table Machine Tools India Ltd. - Overview
      • Table Machine Tools India Ltd. - Product and service
      • Table Machine Tools India Ltd. - Key offerings
    • Micromatic Machine Tools Pvt. Ltd.
      • Table Micromatic Machine Tools Pvt. Ltd. - Overview
      • Table Micromatic Machine Tools Pvt. Ltd. - Product and service
      • Table Micromatic Machine Tools Pvt. Ltd. - Key offerings
    • Okuma India Pvt. Ltd.
      • Table Okuma India Pvt. Ltd. - Overview
      • Table Okuma India Pvt. Ltd. - Business segments
      • Table Okuma India Pvt. Ltd. - Key News
      • Table Okuma India Pvt. Ltd. - Key offerings
    • Tussor Machine Tools India Pvt. Ltd.
      • Table Tussor Machine Tools India Pvt. Ltd. - Overview
      • Table Tussor Machine Tools India Pvt. Ltd. - Business segments
      • Table Tussor Machine Tools India Pvt. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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