Machine Tool Market in India 2024-2028

Report
124 Pages
August 2024
Region: India
TechNavio
ID: 5005560

Adoption of 3D Printing Technology is a Key Trend Gaining Market Momentum

The machine tool market in india is forecasted to grow by USD 2.78 billion 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.

The 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

A robust vendor analysis within the report 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 report 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

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Technology
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on India: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Machine Tool Market in India 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Technology - Market share 2023-2028 (%)
Exhibits 28: Data Table on Technology - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Technology
Exhibits 30: Data Table on Comparison by Technology
Exhibits 31: Chart on CNC machine tools - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on CNC machine tools - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on CNC machine tools - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on CNC machine tools - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Conventional machine tools - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Conventional machine tools - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Conventional machine tools - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Conventional machine tools - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Technology ($ million)
Exhibits 40: Data Table on Market opportunity by Technology ($ million)
Exhibits 41: Chart on Type - Market share 2023-2028 (%)
Exhibits 42: Data Table on Type - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by Type
Exhibits 44: Data Table on Comparison by Type
Exhibits 45: Chart on Metal cutting machines - Market size and forecast 2023-2028 ($ million)
Exhibits 46: Data Table on Metal cutting machines - Market size and forecast 2023-2028 ($ million)
Exhibits 47: Chart on Metal cutting machines - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Metal cutting machines - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on Metal forming machines - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Metal forming machines - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Metal forming machines - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Metal forming machines - Year-over-year growth 2023-2028 (%)
Exhibits 53: Market opportunity by Type ($ million)
Exhibits 54: Data Table on Market opportunity by Type ($ million)
Exhibits 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 56: Impact of drivers and challenges in 2023 and 2028
Exhibits 57: Overview on criticality of inputs and factors of differentiation
Exhibits 58: Overview on factors of disruption
Exhibits 59: Impact of key risks on business
Exhibits 60: Companies covered
Exhibits 61: Matrix on companies position and classification
Exhibits 62: Accusharp Cutting Tools Pvt. Ltd. - Overview
Exhibits 63: Accusharp Cutting Tools Pvt. Ltd. - Product / Service
Exhibits 64: Accusharp Cutting Tools Pvt. Ltd. - Key offerings
Exhibits 65: Alex Machine Tools Pvt. Ltd. - Overview
Exhibits 66: Alex Machine Tools Pvt. Ltd. - Product / Service
Exhibits 67: Alex Machine Tools Pvt. Ltd. - Key offerings
Exhibits 68: Bharat Fritz Werner Ltd. - Overview
Exhibits 69: Bharat Fritz Werner Ltd. - Product / Service
Exhibits 70: Bharat Fritz Werner Ltd. - Key offerings
Exhibits 71: Bhavya Machine Tools - Overview
Exhibits 72: Bhavya Machine Tools - Product / Service
Exhibits 73: Bhavya Machine Tools - Key offerings
Exhibits 74: Birla Precision Technologies Ltd. - Overview
Exhibits 75: Birla Precision Technologies Ltd. - Product / Service
Exhibits 76: Birla Precision Technologies Ltd. - Key offerings
Exhibits 77: DMG MORI Co. Ltd. - Overview
Exhibits 78: DMG MORI Co. Ltd. - Business segments
Exhibits 79: DMG MORI Co. Ltd. - Key offerings
Exhibits 80: DMG MORI Co. Ltd. - Segment focus
Exhibits 81: Geeta Machine Tools Pvt. Ltd. - Overview
Exhibits 82: Geeta Machine Tools Pvt. Ltd. - Product / Service
Exhibits 83: Geeta Machine Tools Pvt. Ltd. - Key offerings
Exhibits 84: HMT Ltd. - Overview
Exhibits 85: HMT Ltd. - Product / Service
Exhibits 86: HMT Ltd. - Key offerings
Exhibits 87: ITL Industries Ltd - Overview
Exhibits 88: ITL Industries Ltd - Product / Service
Exhibits 89: ITL Industries Ltd - Key offerings
Exhibits 90: Jyoti CNC Automation Ltd. - Overview
Exhibits 91: Jyoti CNC Automation Ltd. - Product / Service
Exhibits 92: Jyoti CNC Automation Ltd. - Key offerings
Exhibits 93: Lakshmi Machine Works Ltd. - Overview
Exhibits 94: Lakshmi Machine Works Ltd. - Product / Service
Exhibits 95: Lakshmi Machine Works Ltd. - Key offerings
Exhibits 96: Lokesh Machines Ltd. - Overview
Exhibits 97: Lokesh Machines Ltd. - Product / Service
Exhibits 98: Lokesh Machines Ltd. - Key offerings
Exhibits 99: Makino Milling Machine Co. Ltd. - Overview
Exhibits 100: Makino Milling Machine Co. Ltd. - Business segments
Exhibits 101: Makino Milling Machine Co. Ltd. - Key offerings
Exhibits 102: Makino Milling Machine Co. Ltd. - Segment focus
Exhibits 103: Okuma Corp. - Overview
Exhibits 104: Okuma Corp. - Business segments
Exhibits 105: Okuma Corp. - Key offerings
Exhibits 106: Okuma Corp. - Segment focus
Exhibits 107: Om International Machine Tools - Overview
Exhibits 108: Om International Machine Tools - Product / Service
Exhibits 109: Om International Machine Tools - Key offerings
Exhibits 110: Inclusions checklist
Exhibits 111: Exclusions checklist
Exhibits 112: Currency conversion rates for US$
Exhibits 113: Research methodology
Exhibits 114: Information sources
Exhibits 115: Data validation
Exhibits 116: Validation techniques employed for market sizing
Exhibits 117: Data synthesis
Exhibits 118: 360 degree market analysis
Exhibits 119: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global machine tool market in India: 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.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is adoption of 3D printing technology."

According to the report, one of the major drivers for this market is the rising industrial automation in India.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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.
Om International Machine Tools

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€2504EUR$2,500USD£2,087GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€4007EUR$4,000USD£3,339GBP

The machine tool market in india is segmented as below:

By Technology

By Type

By Geographical Landscape

The report on the machine tool market in india covers the following areas:

Table of Contents

Executive Summary

Companies Mentioned (Partial List)

Related Topics

Related Reports

Machine Tools Market by Product Type (Milling Machines, Turning Machines, Grinding Machines, EDM), Automation Type (CNC and Conventional), End-user Industry (Automotive, Capital Goods), Sales Channel and Region - Forecast to 2030

Machine Tools - Global Strategic Business Report

CNC Vertical Machining Centers Market 2025-2029

CNC Horizontal Machining Centres Market 2024-2028

CNC Machine Tools Global Market Opportunities and Strategies to 2033

About the Machine Tools Market