DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Machine Tool Market in India 2016-2020" report to their offering.
The Machine Tools Market in India to grow at a CAGR of 12.6% during the period 2016-2020.
Machine Tools Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report provides market size based on both production and consumption of machine tools.
Machine tools are used to cut and shape metals and other materials based on the specifications of a product. They provide an effective and efficient method of manufacturing critical components with ease and accuracy. Machine tools can be either computer numeric controlled (CNC) or non-CNC. Non-CNC tools are also known as conventional machine tools, and are classified into machining centers, turning machines, grinding machines, and others.
The automotive industry is one of the largest consumers of machine tools in India. Machine tools are used extensively by companies across several applications such as die molding, part manufacturing, aerospace, shipbuilding, electrical and electronics, healthcare, and consumer durables. With rising population of middle class in India, the demand for automobiles is expected to increase.
A key trend to watch closely is the emergence of optimized machine tools. The machine tools manufacturing industry needs to increase productivity, offer better quality, and enhance cost saving measures to stay ahead of the competition. These improvements are necessary to help end-users enhance the production rate. In the conservative approach of determining cutting parameters, under-utilized machining resources result in a safer process, but lower output efficiency. In such instances, CNC machine operations may be optimized by installing control systems that monitor cutting conditions in real time.
According to the report, a key driver of market growth is the growing automotive industry in India. The automotive industry is one of the major end-users of machine tools in India. In 2015, it accounted for about 40% of the total revenue of the market. These tools are used by carmakers for drilling, tapping, reaming, and boring operations.
Further, the report states that one challenge that could hinder market growth is the need for cost effective technological solutions.
Key vendors
- ACE Micromatic
- Bharat Fritz Werner (BFW)
- HMT Machine Tools
- Jyoti CNC Automation
- Lokesh Machines
Other prominent vendors
- Francis Klein
- Heavy Engineering Corporation
- ITL Industries
- Lakshmi Machine Works
- MACPOWER CNC
- Makino India
- Miven Machine Tools
- Okuma
- Parirobotics
Key Topics Covered:
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
- Other prominent vendors
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Machine tools market in India: Production
- Machine tools market in India: Consumption
- Machine tools market in India: Export
- Machine tools market in India: Import
- Five forces analysis
PART 06: Market segmentation by end user
- Market overview
- Machine tools market in India: Others
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
- Competitive landscape
- Vendor matrix
- Competition business overview
- Recent developments
- Analyst standpoint
PART 13: Appendix
For more information visit http://www.researchandmarkets.com/research/t97rsz/machine_tool
