Product Code: ETC043084 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India metal cutting machine market import shipment demonstrated robust growth with a significant CAGR from 2020-2024. Notably, between 2023 and 2024, the growth rate surged, indicating accelerating momentum. The market exhibited a clear upward trend, showing expansion and heightened demand in the specified period.
The India metal cutting machine market size is anticipated to reach USD 5.3 billion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 8.1% from 2025 to 2031. The increasing demand for precision machining, growing investments in the automotive industry, and rapid industrialization are some of the major factors driving the metal cutting machine market in India. Moreover, technological advances such as automation and 3D printing are also expected to propel market growth during the forecast period.
1) Growing Investments in Automotive Industry: The Indian government has been making huge investments towards developing its infrastructure over recent years which has led to increased demand for automobiles production across all sectors including passenger cars & commercial vehicles as well as two wheelers & three wheelers segments amongst others creating immense opportunities for Metal Cutting Machines Market Players across country specifically for these applications with rising demand from OEMs & Tier 1 Companies associated with Vehicle Manufacturing Sector.
2) Rapid Industrialization: Rapid industrialization along with development of new factories throughout length & breadth of country have created significant need for process driven machinery?s like CNC Lathe Machine , Laser Machinery etc leading to rise in adoption that will fuel Growth Prospects For Metal Cutting Machine Market In India.
1) High Maintenance Costs : High maintenance costs associated with machines coupled with additional cost arising due electrical issue or other related problems may act as hindrance towards achieving desired results on part of users resulting into low operational efficiency which further adds up cost burden ultimately impacting profits margin adversely thus limiting potential ROI .
2) Lack Of Skilled Labourers :With respect To Operational Efficiency lack skilled laborers available can lead reduced level efficiency while working on complex project designs restricting scope expansion among players operating within this domain.
Some key players operating in the India metal cutting machine market include Amada Co., Ltd., DANOBATGROUP, DMG MORI SEIKI CO., LTD., Heller Machine Tools Group, Hurco Companies Inc., Jyoti CNC Automation Limited , Mazak Corporation, Okuma Corporation (Okuma America Corporation), TRUMPF GmbH + Co KG , Yamazaki Mazak corporation etc..
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 Metal Cutting Machine Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Metal Cutting Machine Market Revenues & Volume, 2021 & 2031F |
3.3 India Metal Cutting Machine Market - Industry Life Cycle |
3.4 India Metal Cutting Machine Market - Porter's Five Forces |
3.5 India Metal Cutting Machine Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Metal Cutting Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Metal Cutting Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from automotive and aerospace industries for precision metal cutting |
4.2.2 Technological advancements leading to increased efficiency and accuracy in metal cutting machines |
4.2.3 Government initiatives promoting manufacturing sector growth and adoption of advanced machinery |
4.3 Market Restraints |
4.3.1 High initial investment costs for metal cutting machines |
4.3.2 Fluctuating raw material prices affecting overall production costs |
4.3.3 Intense competition leading to pricing pressures for metal cutting machine manufacturers |
5 India Metal Cutting Machine Market Trends |
6 India Metal Cutting Machine Market, By Types |
6.1 India Metal Cutting Machine Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Metal Cutting Machine Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Metal Cutting Machine Market Revenues & Volume, By Laser Cutting Machine, 2021-2031F |
6.1.4 India Metal Cutting Machine Market Revenues & Volume, By Waterjet Cutting Machine, 2021-2031F |
6.1.5 India Metal Cutting Machine Market Revenues & Volume, By Plasma Cutting Machine, 2021-2031F |
6.1.6 India Metal Cutting Machine Market Revenues & Volume, By Flame Cutting Machine, 2021-2031F |
6.2 India Metal Cutting Machine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Metal Cutting Machine Market Revenues & Volume, By Automobile, 2021-2031F |
6.2.3 India Metal Cutting Machine Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.4 India Metal Cutting Machine Market Revenues & Volume, By Construction, 2021-2031F |
6.2.5 India Metal Cutting Machine Market Revenues & Volume, By Marine, 2021-2031F |
6.2.6 India Metal Cutting Machine Market Revenues & Volume, By Electronics & Electrical, 2021-2031F |
6.2.7 India Metal Cutting Machine Market Revenues & Volume, By Others, 2021-2031F |
7 India Metal Cutting Machine Market Import-Export Trade Statistics |
7.1 India Metal Cutting Machine Market Export to Major Countries |
7.2 India Metal Cutting Machine Market Imports from Major Countries |
8 India Metal Cutting Machine Market Key Performance Indicators |
8.1 Machine utilization rate (percentage of time the machine is actively cutting metal) |
8.2 Downtime percentage (amount of time the machine is not operational due to maintenance or breakdowns) |
8.3 Energy efficiency ratio (ratio of energy consumed to metal output) |
8.4 Scrap rate (percentage of raw material wasted during the cutting process) |
8.5 Customer satisfaction index (feedback and ratings from customers on machine performance and service) |
9 India Metal Cutting Machine Market - Opportunity Assessment |
9.1 India Metal Cutting Machine Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Metal Cutting Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Metal Cutting Machine Market - Competitive Landscape |
10.1 India Metal Cutting Machine Market Revenue Share, By Companies, 2024 |
10.2 India Metal Cutting Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |