Machine Tool Market in India 2024-2028

Global Machine Tool Market In India 2024-2028


The machine tool market in india is forecasted to grow by USD 2784.9 mn during 2023-2028, accelerating at a CAGR of 11.89% during the forecast period. The report on the machine tool market in india 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 market scenario, the 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.

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

The report on the machine tool market in india covers the following areas:
  • Machine tool market in india sizing
  • Machine tool market in india forecast
  • Machine tool market in india industry analysis
The 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 in india vendors that include Accusharp Cutting Tools Pvt. Ltd., Ace Multi Axes Systems Ltd., Ahire Machine Tools, Ajinkya Industries, Alex Machine Tools Pvt. Ltd., Bharat Fritz Werner Ltd., Bhavya Machine Tools, Birla Precision Technologies Ltd., DMG MORI Co. Ltd., Gamut Machine Tools, Geeta Machine Tools Pvt. Ltd., General Machine Tools, HMT Ltd., ITL Industries Ltd, Jyoti CNC Automation Ltd., Lakshmi Machine Works Ltd., Lokesh Machines Ltd., Makino Milling Machine Co. Ltd., Okuma Corp., and Om International Machine Tools. Also, the machine tool market in india 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.
The publisher 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 primary and secondary research. The 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.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India: Year-over-year growth 2023-2028 (%)
Data Table on India: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Machine Tool Market in India 2018 - 2022
Historic Market Size - Data Table on Machine Tool Market in India 2018 - 2022 ($ million)
4.2 Technology segment analysis 2018 - 2022
Historic Market Size - Technology Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Technology
6.1 Market segments
Chart on Technology - Market share 2023-2028 (%)
Data Table on Technology - Market share 2023-2028 (%)
6.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
6.3 CNC machine tools - Market size and forecast 2023-2028
Chart on CNC machine tools - Market size and forecast 2023-2028 ($ million)
Data Table on CNC machine tools - Market size and forecast 2023-2028 ($ million)
Chart on CNC machine tools - Year-over-year growth 2023-2028 (%)
Data Table on CNC machine tools - Year-over-year growth 2023-2028 (%)
6.4 Conventional machine tools - Market size and forecast 2023-2028
Chart on Conventional machine tools - Market size and forecast 2023-2028 ($ million)
Data Table on Conventional machine tools - Market size and forecast 2023-2028 ($ million)
Chart on Conventional machine tools - Year-over-year growth 2023-2028 (%)
Data Table on Conventional machine tools - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Technology
Market opportunity by Technology ($ million)
Data Table on Market opportunity by Technology ($ million)
7 Market Segmentation by Type
7.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
7.3 Metal cutting machines - Market size and forecast 2023-2028
Chart on Metal cutting machines - Market size and forecast 2023-2028 ($ million)
Data Table on Metal cutting machines - Market size and forecast 2023-2028 ($ million)
Chart on Metal cutting machines - Year-over-year growth 2023-2028 (%)
Data Table on Metal cutting machines - Year-over-year growth 2023-2028 (%)
7.4 Metal forming machines - Market size and forecast 2023-2028
Chart on Metal forming machines - Market size and forecast 2023-2028 ($ million)
Data Table on Metal forming machines - Market size and forecast 2023-2028 ($ million)
Chart on Metal forming machines - Year-over-year growth 2023-2028 (%)
Data Table on Metal forming machines - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Accusharp Cutting Tools Pvt. Ltd.
Accusharp Cutting Tools Pvt. Ltd. - Overview
Accusharp Cutting Tools Pvt. Ltd. - Product / Service
Accusharp Cutting Tools Pvt. Ltd. - Key offerings
11.4 Alex Machine Tools Pvt. Ltd.
Alex Machine Tools Pvt. Ltd. - Overview
Alex Machine Tools Pvt. Ltd. - Product / Service
Alex Machine Tools Pvt. Ltd. - Key offerings
11.5 Bharat Fritz Werner Ltd.
Bharat Fritz Werner Ltd. - Overview
Bharat Fritz Werner Ltd. - Product / Service
Bharat Fritz Werner Ltd. - Key offerings
11.6 Bhavya Machine Tools
Bhavya Machine Tools - Overview
Bhavya Machine Tools - Product / Service
Bhavya Machine Tools - Key offerings
11.7 Birla Precision Technologies Ltd.
Birla Precision Technologies Ltd. - Overview
Birla Precision Technologies Ltd. - Product / Service
Birla Precision Technologies Ltd. - Key offerings
11.8 DMG MORI Co. Ltd.
DMG MORI Co. Ltd. - Overview
DMG MORI Co. Ltd. - Business segments
DMG MORI Co. Ltd. - Key offerings
DMG MORI Co. Ltd. - Segment focus
11.9 Geeta Machine Tools Pvt. Ltd.
Geeta Machine Tools Pvt. Ltd. - Overview
Geeta Machine Tools Pvt. Ltd. - Product / Service
Geeta Machine Tools Pvt. Ltd. - Key offerings
11.10 HMT Ltd.
HMT Ltd. - Overview
HMT Ltd. - Product / Service
HMT Ltd. - Key offerings
11.11 ITL Industries Ltd
ITL Industries Ltd - Overview
ITL Industries Ltd - Product / Service
ITL Industries Ltd - Key offerings
11.12 Jyoti CNC Automation Ltd.
Jyoti CNC Automation Ltd. - Overview
Jyoti CNC Automation Ltd. - Product / Service
Jyoti CNC Automation Ltd. - Key offerings
11.13 Lakshmi Machine Works Ltd.
Lakshmi Machine Works Ltd. - Overview
Lakshmi Machine Works Ltd. - Product / Service
Lakshmi Machine Works Ltd. - Key offerings
11.14 Lokesh Machines Ltd.
Lokesh Machines Ltd. - Overview
Lokesh Machines Ltd. - Product / Service
Lokesh Machines Ltd. - Key offerings
11.15 Makino Milling Machine Co. Ltd.
Makino Milling Machine Co. Ltd. - Overview
Makino Milling Machine Co. Ltd. - Business segments
Makino Milling Machine Co. Ltd. - Key offerings
Makino Milling Machine Co. Ltd. - Segment focus
11.16 Okuma Corp.
Okuma Corp. - Overview
Okuma Corp. - Business segments
Okuma Corp. - Key offerings
Okuma Corp. - Segment focus
11.17 Om International Machine Tools
Om International Machine Tools - Overview
Om International Machine Tools - Product / Service
Om International Machine Tools - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Technology
Exhibits5: Executive Summary - Chart on Market Segmentation by Type
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits14: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits15: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on India: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on Machine Tool Market in India 2018 - 2022 ($ million)
Exhibits18: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
Exhibits19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Technology - Market share 2023-2028 (%)
Exhibits28: Data Table on Technology - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Technology
Exhibits30: Data Table on Comparison by Technology
Exhibits31: Chart on CNC machine tools - Market size and forecast 2023-2028 ($ million)
Exhibits32: Data Table on CNC machine tools - Market size and forecast 2023-2028 ($ million)
Exhibits33: Chart on CNC machine tools - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on CNC machine tools - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Conventional machine tools - Market size and forecast 2023-2028 ($ million)
Exhibits36: Data Table on Conventional machine tools - Market size and forecast 2023-2028 ($ million)
Exhibits37: Chart on Conventional machine tools - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Conventional machine tools - Year-over-year growth 2023-2028 (%)
Exhibits39: Market opportunity by Technology ($ million)
Exhibits40: Data Table on Market opportunity by Technology ($ million)
Exhibits41: Chart on Type - Market share 2023-2028 (%)
Exhibits42: Data Table on Type - Market share 2023-2028 (%)
Exhibits43: Chart on Comparison by Type
Exhibits44: Data Table on Comparison by Type
Exhibits45: Chart on Metal cutting machines - Market size and forecast 2023-2028 ($ million)
Exhibits46: Data Table on Metal cutting machines - Market size and forecast 2023-2028 ($ million)
Exhibits47: Chart on Metal cutting machines - Year-over-year growth 2023-2028 (%)
Exhibits48: Data Table on Metal cutting machines - Year-over-year growth 2023-2028 (%)
Exhibits49: Chart on Metal forming machines - Market size and forecast 2023-2028 ($ million)
Exhibits50: Data Table on Metal forming machines - Market size and forecast 2023-2028 ($ million)
Exhibits51: Chart on Metal forming machines - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on Metal forming machines - Year-over-year growth 2023-2028 (%)
Exhibits53: Market opportunity by Type ($ million)
Exhibits54: Data Table on Market opportunity by Type ($ million)
Exhibits55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits56: Impact of drivers and challenges in 2023 and 2028
Exhibits57: Overview on criticality of inputs and factors of differentiation
Exhibits58: Overview on factors of disruption
Exhibits59: Impact of key risks on business
Exhibits60: Companies covered
Exhibits61: Matrix on companies position and classification
Exhibits62: Accusharp Cutting Tools Pvt. Ltd. - Overview
Exhibits63: Accusharp Cutting Tools Pvt. Ltd. - Product / Service
Exhibits64: Accusharp Cutting Tools Pvt. Ltd. - Key offerings
Exhibits65: Alex Machine Tools Pvt. Ltd. - Overview
Exhibits66: Alex Machine Tools Pvt. Ltd. - Product / Service
Exhibits67: Alex Machine Tools Pvt. Ltd. - Key offerings
Exhibits68: Bharat Fritz Werner Ltd. - Overview
Exhibits69: Bharat Fritz Werner Ltd. - Product / Service
Exhibits70: Bharat Fritz Werner Ltd. - Key offerings
Exhibits71: Bhavya Machine Tools - Overview
Exhibits72: Bhavya Machine Tools - Product / Service
Exhibits73: Bhavya Machine Tools - Key offerings
Exhibits74: Birla Precision Technologies Ltd. - Overview
Exhibits75: Birla Precision Technologies Ltd. - Product / Service
Exhibits76: Birla Precision Technologies Ltd. - Key offerings
Exhibits77: DMG MORI Co. Ltd. - Overview
Exhibits78: DMG MORI Co. Ltd. - Business segments
Exhibits79: DMG MORI Co. Ltd. - Key offerings
Exhibits80: DMG MORI Co. Ltd. - Segment focus
Exhibits81: Geeta Machine Tools Pvt. Ltd. - Overview
Exhibits82: Geeta Machine Tools Pvt. Ltd. - Product / Service
Exhibits83: Geeta Machine Tools Pvt. Ltd. - Key offerings
Exhibits84: HMT Ltd. - Overview
Exhibits85: HMT Ltd. - Product / Service
Exhibits86: HMT Ltd. - Key offerings
Exhibits87: ITL Industries Ltd - Overview
Exhibits88: ITL Industries Ltd - Product / Service
Exhibits89: ITL Industries Ltd - Key offerings
Exhibits90: Jyoti CNC Automation Ltd. - Overview
Exhibits91: Jyoti CNC Automation Ltd. - Product / Service
Exhibits92: Jyoti CNC Automation Ltd. - Key offerings
Exhibits93: Lakshmi Machine Works Ltd. - Overview
Exhibits94: Lakshmi Machine Works Ltd. - Product / Service
Exhibits95: Lakshmi Machine Works Ltd. - Key offerings
Exhibits96: Lokesh Machines Ltd. - Overview
Exhibits97: Lokesh Machines Ltd. - Product / Service
Exhibits98: Lokesh Machines Ltd. - Key offerings
Exhibits99: Makino Milling Machine Co. Ltd. - Overview
Exhibits100: Makino Milling Machine Co. Ltd. - Business segments
Exhibits101: Makino Milling Machine Co. Ltd. - Key offerings
Exhibits102: Makino Milling Machine Co. Ltd. - Segment focus
Exhibits103: Okuma Corp. - Overview
Exhibits104: Okuma Corp. - Business segments
Exhibits105: Okuma Corp. - Key offerings
Exhibits106: Okuma Corp. - Segment focus
Exhibits107: Om International Machine Tools - Overview
Exhibits108: Om International Machine Tools - Product / Service
Exhibits109: Om International Machine Tools - Key offerings
Exhibits110: Inclusions checklist
Exhibits111: Exclusions checklist
Exhibits112: Currency conversion rates for US$
Exhibits113: Research methodology
Exhibits114: Information sources
Exhibits115: Data validation
Exhibits116: Validation techniques employed for market sizing
Exhibits117: Data synthesis
Exhibits118: 360 degree market analysis
Exhibits119: List of abbreviations

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