Machine Tool Market in India 2022-2026

Global Machine Tool Market 2022-2026

Technavio has been monitoring the machine tool market and it is poised to grow by $ 2.54 bn during 2022-2026, accelerating at a CAGR of 13.04% during the forecast period. Our report on the machine tool market 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 country market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising industrial automation in India, growing demand for machine tools from ICE-based automobiles, and growing demand for CNC machine tools.

The machine tool market analysis includes the technology and type segments and geographic landscape.

Technavio's machine tool market is segmented as below:

By Technology

  • CNC machine tools
  • Conventional machine tools
By Type
  • Metal cutting machines
  • Metal forming machines
By Geographical Landscape
  • India
This study identifies the adoption of 3D printing technology as one of the prime reasons driving the machine tool market growth during the next few years. Also, growing digitization in machine tools and the growing popularity of all-electric vehicles influencing the demand for machine tools will lead to sizable demand in the market.

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. Our report on machine tool market covers the following areas:
  • Machine tool market sizing
  • Machine tool market forecast
  • Machine tool market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machine tool market vendors that include Alex Machine Tools Pvt. Ltd, Bharat Fritz Werner Ltd, BHURJI MACHINE TOOLS AND BMT ENGINEERS, Birla Precision Technologies Ltd, Geeta Machine Tools Pvt. Ltd., HMT Ltd., ITL Industries Ltd, Jai Industries, Jyoti CNC Automation Ltd., LAKSHMI MACHINE WORKS LTD., Lokesh Machines Ltd, Machine Tools India Ltd., Micromatic Machine Tools Pvt. Ltd., Okuma India Pvt. Ltd., Om International Machine Tools, TUSSOR MACHINE TOOLS INDIA PVT. LTD., Yamazaki Mazak Corp, Yash Machine Tools, and DMG MORI Co Ltd. Also, the machine tool market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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.

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 accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Country Market Characteristics
      • Table Executive Summary – Chart on Market Segmentation by Technology
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on India - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Table Chart on India: Year-over-year growth 2021-2026 (%)
      • Table Data Table on India: Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by Technology
    • Market segments
      • Table Chart on Technology - Market share 2021-2026 (%)
      • Table Data Table on Technology - Market share 2021-2026 (%)
    • Comparison by Technology
      • Table Chart on Comparison by Technology
      • Table Data Table on Comparison by Technology
    • CNC machine tools - Market size and forecast 2021-2026
      • Table Chart on CNC machine tools - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on CNC machine tools - Market size and forecast 2021-2026 ($ million)
      • Table Chart on CNC machine tools - Year-over-year growth 2021-2026 (%)
      • Table Data Table on CNC machine tools - Year-over-year growth 2021-2026 (%)
    • Conventional machine tools - Market size and forecast 2021-2026
      • Table Chart on Conventional machine tools - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Conventional machine tools - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Conventional machine tools - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Conventional machine tools - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2021-2026 (%)
      • Table Data Table on Type - Market share 2021-2026 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Metal cutting machines - Market size and forecast 2021- 2026
      • Table Chart on Metal cutting machines - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Metal cutting machines - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Metal cutting machines - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Metal cutting machines - Year-over-year growth 2021-2026 (%)
    • Metal forming machines - Market size and forecast 2021- 2026
      • Table Chart on Metal forming machines - Market size and forecast 2021-2026 ($ million)
      • Table Data Table on Metal forming machines - Market size and forecast 2021-2026 ($ million)
      • Table Chart on Metal forming machines - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Metal forming machines - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Drivers, Challenges, and Trends
    • Market drivers
      • 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
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • Market trends
      • Adoption of 3D printing technology
      • Growing digitization in machine tools
      • Growing popularity of all-electric vehicles influences the demand for machine tools
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Bharat Fritz Werner Ltd
      • Table Bharat Fritz Werner Ltd - Overview
      • Table Bharat Fritz Werner Ltd - Product / 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 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 - Product / Service
      • Table ITL Industries Ltd - Key offerings
    • Jyoti CNC Automation Ltd.
      • Table Jyoti CNC Automation Ltd. - Overview
      • Table Jyoti CNC Automation Ltd. - Product / Service
      • Table Jyoti CNC Automation Ltd. - Key offerings
    • LAKSHMI MACHINE WORKS LTD.
      • Table LAKSHMI MACHINE WORKS LTD. - Overview
      • Table LAKSHMI MACHINE WORKS LTD. - Product / Service
      • Table LAKSHMI MACHINE WORKS LTD. - Key offerings
    • Machine Tools India Ltd.
      • Table Machine Tools India Ltd. - Overview
      • Table Machine Tools India Ltd. - Product / 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. - Business segments
      • 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 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
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • 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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