COVID-19 Impact and Recovery Analysis - Machine Tool Market in India 2020-2024 | Rising Industrial Automation in India to Boost Growth | Technavio

LONDON--()--Technavio has been monitoring the machine tool market in India and it is poised to grow by USD 1.9 billion during 2020-2024, progressing at a CAGR of almost 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bharat Fritz Werner Ltd., DMG MORI Co. Ltd., HMT Ltd., ITL Industries Ltd., Jyoti CNC Automation Ltd., Lakshmi Machine Works Ltd., Machine Tools India Ltd., Micromatic Machine Tools Pvt. Ltd., Okuma India Pvt. Ltd., and Tussor Machine Tools India Pvt. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Rising industrial automation in India has been instrumental in driving the growth of the market.

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Machine Tool Market in India 2020-2024: Segmentation

Machine Tool Market in India is segmented as below:

  • Type
    • Metal Cutting Machines
    • Metal Forming Machines
  • Technology
    • CNC Machine Tools
    • Conventional Machine Tools

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Machine Tool Market in India 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our machine tool market in India report covers the following areas:

  • Machine Tool Market in India: Size
  • Machine Tool Market in India: Trends
  • Machine Tool Market in India: Analysis

This study identifies the adoption of 3D printing technology as one of the prime reasons driving the machine tool market growth in India during the next few years.

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Machine Tool Market in India 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist machine tool market growth in India during the next five years
  • Estimation of the machine tool market size in India and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the machine tool market in India
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of machine tool market vendors in India

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology placement
  • CNC machine tools - Market size and forecast 2019-2024
  • Conventional machine tools - Market size and forecast 2019-2024
  • Market opportunity by Technology

Market Segmentation by Type

  • Market segments
  • Comparison by Type placement
  • Metal cutting machines - Market size and forecast 2019-2024
  • Metal forming machines - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

  • Overview

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bharat Fritz Werner Ltd.
  • DMG MORI Co. Ltd.
  • HMT Ltd.
  • ITL Industries Ltd.
  • Jyoti CNC Automation Ltd.
  • Lakshmi Machine Works Ltd.
  • Machine Tools India Ltd.
  • Micromatic Machine Tools, Pvt. Ltd.
  • Okuma India Pvt. Ltd.
  • Tussor Machine Tools India Pvt. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

Release Summary

The Machine Tool Market in India will grow by USD 1.9 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/