India Manufacturing Industry (2024 Edition): Industry Size, Trends, Opportunities and Forecast by Sector (Consumer Goods, Automotive Products, Industrial Products, Medical Devices and Products and Other Sectors), Ownership, Raw Materials Used, Region, By

India Manufacturing Industry (2024 Edition): Industry Size, Trends, Opportunities and Forecast by Sector (Consumer Goods, Automotive Products, Industrial Products, Medical Devices and Products and Other Sectors), Ownership, Raw Materials Used, Region, By Leading Companies, By Country: 2020-2030

Background

A report published by Azoth Analytics highlights different factors and opportunities prevailing in the “India Manufacturing Industry (2024 Edition)”. According to the report, India Manufacturing Industry is expected to grow at a CAGR of 4.8% during 2025-2030.

The report explores a multi-faceted opportunity landscape in terms of Industry segmentation by Sector (Consumer Goods, Automotive Products, Industrial Products, Medical Devices and Products and Other Sectors), by Ownership (Private Sector, Public Sector, Cooperative Sector and Joint Sector) and by Raw Materials Used (Mineral Based Industries and Agro Based Industries)

Industry Overview

The India Manufacturing Industry has experienced substantial growth over recent years, driven by government initiatives, increasing foreign investments, and the expanding domestic market. The industry encompasses a wide range of sectors including automotive, electronics, textiles, pharmaceuticals, and machinery. The market's expansion is primarily fueled by the rising demand for manufactured goods both domestically and internationally, alongside efforts to boost industrialization and economic development.

One of the primary drivers of the India Manufacturing Industry is the government's focus on industrialization and economic growth. Initiatives such as Make in India,Atmanirbhar Bharat (Self-reliant India), and the establishment of industrial corridors aim to transform India into a global manufacturing hub. These policies promote investment in manufacturing, enhance infrastructure, and streamline regulatory frameworks, encouraging both domestic and foreign companies to establish and expand their manufacturing operations in India.

Increasing foreign direct investment (FDI) has significantly impacted the India Manufacturing Industry, leading to the development of new manufacturing facilities and the modernization of existing ones. Liberalized FDI policies, coupled with a favorable business environment, have attracted multinational corporations to invest in India's manufacturing sector. This influx of investment has facilitated the transfer of technology, improved production capabilities, and enhanced the overall competitiveness of the Indian manufacturing industry.

The growing domestic market has significantly contributed to the growth of the India Manufacturing Industry. With a population of over 1.3 billion and a rising middle class, the demand for consumer goods, automobiles, electronics, and other manufactured products has surged. This increasing domestic consumption drives the need for enhanced manufacturing capabilities to meet the diverse and growing needs of Indian consumers, supporting the expansion of the industry.

Furthermore, advancements in manufacturing technologies have bolstered the India Manufacturing Industry. The adoption of Industry 4.0 technologies, such as automation, artificial intelligence (AI), and the Internet of Things (IoT), has led to improved efficiency, productivity, and quality in manufacturing processes. These technological advancements enable manufacturers to optimize operations, reduce costs, and deliver high-quality products, enhancing the competitiveness of Indian manufacturing on the global stage.

Geographical Insights

In India, the demand for manufacturing capabilities is particularly strong in states with well-developed industrial infrastructure and favorable business environments. States like Maharashtra, Tamil Nadu, and Gujarat represent significant markets due to their extensive industrial bases, robust infrastructure, and proactive state policies that support industrial growth. These states have been at the forefront of attracting investments and fostering industrial development.

The northern and eastern regions of India, including states like Uttar Pradesh and West Bengal, are also emerging as key players in the manufacturing sector. These regions are focusing on enhancing their industrial infrastructure, improving logistics, and implementing investor-friendly policies to attract manufacturing investments. The development of industrial corridors and special economic zones (SEZs) further supports the growth of the manufacturing industry in these regions.

Industry Segmentation

By Sector:

• Consumer Goods
• Automotive Products
• Industrial Products
• Medical Devices and Products
• Other Sectors

By Ownership:

• Private Sector
• Public Sector
• Cooperative Sector
• Joint Sector

By Raw Materials Used:

• Mineral Based Industries
• Agro Based Industries

By Geography

• South (Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Rest of South India)
• North (Uttar Pradesh, Punjab, Haryana, Delhi, Himachal Pradesh, Uttarakhand, Chandigarh, Rest of North India)
• West and Central (Maharashtra, Madhya Pradesh, Rajasthan, Gujarat, Chhattisgarh, Goa, Rest of West and Central India)
• East (Bihar, West Bengal, Odisha, Rest of East India)

Key Companies

The report assesses the competitive developments, strategies, mergers and acquisitions and new product development and Industry share portfolio of top 15 companies. Key companies in the India Manufacturing Industry include:

• Reliance Industries Limited
• Tata Motors Limited
• Indian Oil Corporation Limited
• Hindustan Petroleum Corporation Limited
• Bharat Petroleum Corporation Limited
• Larsen & Toubro Limited
• Mahindra & Mahindra Limited
• Grasim Industries Limited
• JSW Steel Limited
• UltraTech Cement Limited
• Hindalco Industries Limited
• Vedanta Limited
• Steel Authority of India Limited (SAIL)
• Tata Steel Limited
• Adani Enterprises Limited
• Other Leading Companies

Reasons to buy this report:

• In-Depth Comparative Assessment of Top 20 Industrys in the Manufacturing Industry: Comparative assessment of 20 leading states highlighting the total addressable Industry, opportunities, lucrative segments and competitive positioning of leading companies.
• Comprehensive Historical, Present, and Future Analytics of the Manufacturing Industry: A deep dive in the historical (2020-2023), current (2024) and forecast (2025-2030) Industry analytics of Manufacturing Industry.
• Detailed Analysis of Manufacturing Industry By Sector, Ownership, and Raw Materials Used Across 20 States
• Beyond the Purchase: 90 Days of Support
• Direct Access to Analysts: Have questions after reading the report? Our expert analysts are just a call or email away.
• Customized Assistance: Whether you're integrating insights into your strategy or have questions about Industry dynamics, our team provides tailored support to meet your specific business needs.
• Data Customization Requests: During the support period, you have the flexibility to request additional data cuts or deeper dives into specific areas of interest.
• Gain insights specific to new entrants or new Industry areas to tap: The study provides detailed Industry entry strategies, including analysis of barriers to entry, pricing strategies, opportunities, trends, drivers, and challenges and product positioning using the Opportunity Portfolio Matrix (OPM)
• Strategic Industry Movements: Tracking Competitive Developments and Key Players in the Industry: The report covers competitive strategies, mergers & acquisitions, new developments, future plans and Industry share analysis of ~15 top companies

Please note The report will be delivered in 2 business days upon order notification.