The Indian lathe machines market was valued at USD 16.97 million the previous year. It is expected to reach USD 37.81 million over the forecast period, registering a CAGR of 13.43%.
The growing demand for advanced technology-enabled lathe machines in the manufacturing industry drives market growth.
The Indian lathe machines market is moderately fragmented, with the presence of major players like Tsugami Corporation, Mazak Corporation, Star Micronics Co. Ltd, DN Solutions, and Laxmi Metal & Machines. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
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