India Machine Tools Market Size & Outlook, 2022-2030
India machine tools market, 2018-2030 (US$M)
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India machine tools market highlights
- The India machine tools market generated a revenue of USD 2,208.2 million in 2022 and is expected to reach USD 3,873.2 million by 2030.
- The India market is expected to grow at a CAGR of 7.3% from 2023 to 2030.
- In terms of segment, metal cutting was the largest revenue generating type in 2022.
- Metal Cutting is the most lucrative type segment registering the fastest growth during the forecast period.
Machine tools market data book summary
| Market revenue in 2022 | USD 2,208.2 million |
| Market revenue in 2030 | USD 3,873.2 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Metal cutting |
| Fastest growing segment | Metal Cutting |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metal Cutting, Metal Forming |
| Key market players worldwide | AMADA Co Ltd, Dmg Mori Co Ltd, Georg Fischer AG, Hyundai Motor Co, Komatsu Ltd, JTEKT Corp, Okuma Corp, Hurco Companies Inc, Datron AG, DN Solutions, Makino Milling Machine Co Ltd, General Technology Group Dalian Machine Tool Co., Amera-Seiki, Haas Automation |
Other key industry trends
- In terms of revenue, India accounted for 2.5% of the global machine tools market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China machine tools market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,873.2 million by 2030.
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Machine Tools Market Scope
Machine Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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India machine tools market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to machine tools market will help companies and investors design strategic landscapes.
Metal cutting was the largest segment with a revenue share of 88.56% in 2022. Horizon Databook has segmented the India machine tools market based on metal cutting, metal forming covering the revenue growth of each sub-segment from 2018 to 2030.
As per the India Brand Equity Foundation (IBEF),To keep up with the rising demand, major automakers have started to invest extensively in various segments of the industry. Furthermore, according to the Department for Promotion of Industry and Internal Trade (DPIIT).
The automobile industry attracted USD 30.51 billion in FDI between 2000 and 2021, representing 5.5% of overall FDI throughout the period. These trends have positively impacted the demand for machine tools in automotive manufacturing and are likely to remain key market drivers over the projected period.
For instance, innovative automotive vehicles are being introduced in the country by a number of top automakers, including Nissan Motor Co., Ltd., Toyota Motor Corporation, Honda Motor Company, and Mitsubishi Motors Corporation.
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Horizon Databook provides a detailed overview of country-level data and insights on the India machine tools market , including forecasts for subscribers. This country databook contains high-level insights into India machine tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India machine tools market size, by type, 2018-2030 (US$M)
India Machine Tools Market Outlook Share, 2022 & 2030 (US$M)
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