Market Forecast By Technology (Organic Light Emitting Diode (OLED), LCoS, LCD, DLP), By Application (Milling, Turning, Drilling, Other), By Tool Grade (High Speed Steel, Ceramics, Cermets, cBN/PcBN, Diamond), By Type (Indexable, Solid) And Competitive Landscape
Product Code: ETC022604 | Publication Date: Aug 2023 | Updated Date: Feb 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Cutting tools Market registered a decline of -2.02% in value shipments in 2022 as compared to 2021 and an increase of 2.56% CAGR in 2022 over a period of 2017. In Cutting tools Market India is becoming less competitive as HHI index in 2022 was 2285 while in 2017 it was 2188. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Cutting tools Market.
The India market for cutting tools is expected to grow significantly in the coming years. This growth will be driven by the continued growth of the Indian economy and population. As more and more people join the middle class, they will buy more cars and other consumer goods, which will drive up the demand for cutting tools. Additionally, India is a very important player in the global market for cutting tools. This is because India has a large population and a rapidly growing economy. As more and more people in India join the middle class, they are buying more cars and other consumer goods. This increased demand is driving up the need for cutting tools. In addition, India has a large number of manufacturers that produce cutting tools. These manufacturers are able to produce high-quality tools at very competitive prices. This makes India an attractive destination for buyers from all over the world.
According to 6Wresearch, the India Cutting Tools Market size is likely to witness growth during 2022-28. The growth of India cutting tools Market industry is supported by certain key factors such as increasing demand for cutting tools from the automotive and construction industries. Additionally, the government's Make in India initiative is also boosting the demand for cutting tools in the country. Looking forward, the India cutting tools market is expected to continue its strong growth. This will be driven by the continued expansion of the automotive and construction industries, as well as the implementation of the government's Make in India initiative.
Report Name | India Cutting Tools Market |
Base Year | 2021 |
Historical Period | 2018-2021 |
Forecast Period | 2022-2028 |
Market Size | XXXX |
Revenue Forecast | XXXX |
Growth Rate | XXXX |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Technology, By Application, By Tool Grade, By Type |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
Pricing and Purchase Options | Avail customization purchase option to know the exact pricing of your research needs |
In terms of application, the India cutting tools market is categorized into milling, turning, drilling and others. Currently, milling and drilling applications account for majority of the market share in the overall the India cutting tools market.
The India cutting tools market is a highly competitive market. The main players in the market are Hitachi, Sandvik, Kennametal, and OSG. These companies have a strong presence in the market and offer a wide range of products. Additionally, the bargaining power of buyers is high in the India cutting tools market. Buyers are able to freely choose from a wide range of products and can easily switch between suppliers. The bargaining power of suppliers is relatively low in the market. This is because there are few suppliers of cutting tools and they have little power to negotiate prices with buyers. Further, players are adopting inorganic growth strategy to expand their operations.
The outbreak of the Covid-19 pandemic has immensely affected the India cutting tools market. The imposed lockdown has led to the temporary shutdown of the POS machine manufacturing plants for months, which disrupted the supply to domestic and international markets, causing an immense loss in revenue. However, as the pandemic is subsiding and the economy has revived and the markets are moving ahead towards the growth trajectory.
Major key players operating in the India cutting tools market are:
The report offers a broad study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cutting tools Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cutting tools Market Revenues & Volume, 2021 & 2028F |
3.3 India Cutting tools Market - Industry Life Cycle |
3.4 India Cutting tools Market - Porter's Five Forces |
3.5 India Cutting tools Market Revenues & Volume Share, By Technology, 2021 & 2028F |
3.6 India Cutting tools Market Revenues & Volume Share, By Application, 2021 & 2028F |
3.7 India Cutting tools Market Revenues & Volume Share, By Tool Grade, 2021 & 2028F |
3.8 India Cutting tools Market Revenues & Volume Share, By Type, 2021 & 2028F |
4 India Cutting tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Cutting tools Market Trends |
6 India Cutting tools Market, By Types |
6.1 India Cutting tools Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Cutting tools Market Revenues & Volume, By Technology, 2018 - 2028F |
6.1.3 India Cutting tools Market Revenues & Volume, By Organic Light Emitting Diode (OLED), 2018 - 2028F |
6.1.4 India Cutting tools Market Revenues & Volume, By LCoS, 2018 - 2028F |
6.1.5 India Cutting tools Market Revenues & Volume, By LCD, 2018 - 2028F |
6.1.6 India Cutting tools Market Revenues & Volume, By DLP, 2018 - 2028F |
6.2 India Cutting tools Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cutting tools Market Revenues & Volume, By Milling, 2018 - 2028F |
6.2.3 India Cutting tools Market Revenues & Volume, By Turning, 2018 - 2028F |
6.2.4 India Cutting tools Market Revenues & Volume, By Drilling, 2018 - 2028F |
6.2.5 India Cutting tools Market Revenues & Volume, By Other, 2018 - 2028F |
6.3 India Cutting tools Market, By Tool Grade |
6.3.1 Overview and Analysis |
6.3.2 India Cutting tools Market Revenues & Volume, By High Speed Steel, 2018 - 2028F |
6.3.3 India Cutting tools Market Revenues & Volume, By Ceramics, 2018 - 2028F |
6.3.4 India Cutting tools Market Revenues & Volume, By Cermets, 2018 - 2028F |
6.3.5 India Cutting tools Market Revenues & Volume, By cBN/PcBN, 2018 - 2028F |
6.3.6 India Cutting tools Market Revenues & Volume, By Diamond, 2018 - 2028F |
6.4 India Cutting tools Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 India Cutting tools Market Revenues & Volume, By Indexable, 2018 - 2028F |
6.4.3 India Cutting tools Market Revenues & Volume, By Solid, 2018 - 2028F |
7 India Cutting tools Market Import-Export Trade Statistics |
7.1 India Cutting tools Market Export to Major Countries |
7.2 India Cutting tools Market Imports from Major Countries |
8 India Cutting tools Market Key Performance Indicators |
9 India Cutting tools Market - Opportunity Assessment |
9.1 India Cutting tools Market Opportunity Assessment, By Technology, 2021 & 2028F |
9.2 India Cutting tools Market Opportunity Assessment, By Application, 2021 & 2028F |
9.3 India Cutting tools Market Opportunity Assessment, By Tool Grade, 2021 & 2028F |
9.4 India Cutting tools Market Opportunity Assessment, By Type, 2021 & 2028F |
10 India Cutting tools Market - Competitive Landscape |
10.1 India Cutting Tools Market Revenue Share, By Companies, 2021 |
10.2 India Cutting tools Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |