Product Code: ETC087583 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India metalworking machinery market import shipments experienced robust growth with a significant CAGR from 2020 to 2024. Although there was a slight decline in the growth rate between 2023 and 2024, the overall trend indicates a strong expansion in the market during the period.
The India metalworking machinery market in India is expected to grow at a CAGR of 8.5 percent, driven by the rising use of automation and increasing demand for precision machining across various industries.
Factors driving the growth of this market include increased urbanization, increased purchasing power, technological advancements such as Industry 4.0, government initiatives such as Make in India and Smart City Mission, and foreign investments in key manufacturing sectors. In addition, growing automotive production and stringent environmental regulations are also expected to propel demand for metalworking machinery over the forecast period.
High cost of installation & maintenance along with shortage of skilled labor are some primary challenges faced by industry players operating in India Metalworking Machinery Market owing to high capital costs associated with setting up metalworking machinery units leading to uncertain return on investment (ROI). In addition, frequent changes in taxation policies may also act as a restraint against the growth of this sector during forecast period.
Major players operating within this market include Amada Co., Ltd., Bosch Group, DMG Mori Seiki AG , FANUC Corporation , JTEKT Corporation , Makino Milling Machine Co., Ltd., Okuma Corporation , TRUMPF GmbH Co KG , Yamazaki Mazak Corporation among others
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 Metalworking Machinery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Metalworking Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 India Metalworking Machinery Market - Industry Life Cycle |
3.4 India Metalworking Machinery Market - Porter's Five Forces |
3.5 India Metalworking Machinery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Metalworking Machinery Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 India Metalworking Machinery Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 India Metalworking Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of automation in manufacturing processes |
4.2.2 Growth in automotive and aerospace industries driving demand for metalworking machinery |
4.2.3 Government initiatives promoting domestic manufacturing sector |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with metalworking machinery |
4.3.2 Fluctuating raw material prices impacting profitability |
4.3.3 Intense competition from global players in the market |
5 India Metalworking Machinery Market Trends |
6 India Metalworking Machinery Market, By Types |
6.1 India Metalworking Machinery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Metalworking Machinery Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Metalworking Machinery Market Revenues & Volume, By Special Die And Tool Die Set, Jig, And Fixture, 2021-2031F |
6.1.4 India Metalworking Machinery Market Revenues & Volume, By Machine Tool, 2021-2031F |
6.1.5 India Metalworking Machinery Market Revenues & Volume, By Industrial Mold, 2021-2031F |
6.1.6 India Metalworking Machinery Market Revenues & Volume, By Rolling Mill And Other Metalworking Machinery, 2021-2031F |
6.1.7 India Metalworking Machinery Market Revenues & Volume, By Cutting Tool And Machine Tool Accessory, 2021-2031F |
6.2 India Metalworking Machinery Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Metalworking Machinery Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Metalworking Machinery Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.2.4 India Metalworking Machinery Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Metalworking Machinery Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 India Metalworking Machinery Market Revenues & Volume, By Small, 2021-2031F |
6.3.3 India Metalworking Machinery Market Revenues & Volume, By Medium, 2021-2031F |
6.3.4 India Metalworking Machinery Market Revenues & Volume, By Large, 2021-2031F |
7 India Metalworking Machinery Market Import-Export Trade Statistics |
7.1 India Metalworking Machinery Market Export to Major Countries |
7.2 India Metalworking Machinery Market Imports from Major Countries |
8 India Metalworking Machinery Market Key Performance Indicators |
8.1 Average utilization rate of metalworking machinery |
8.2 Number of new product launches in the metalworking machinery sector |
8.3 Adoption rate of advanced technologies in metalworking processes |
9 India Metalworking Machinery Market - Opportunity Assessment |
9.1 India Metalworking Machinery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Metalworking Machinery Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 India Metalworking Machinery Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 India Metalworking Machinery Market - Competitive Landscape |
10.1 India Metalworking Machinery Market Revenue Share, By Companies, 2024 |
10.2 India Metalworking Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |