Machine Tool Market in India 2016-2020

  • ID: 3723288
  • Report
  • Region: India
  • 56 pages
  • TechNavio
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FEATURED COMPANIES

  • ACE Micromatic
  • Francis Klein
  • ITL Industries
  • Lakshmi Machine Works
  • MACPOWER CNC
  • Miven Machine Tools
  • MORE
About the Machine Tools Market

Machine tools are used to cut and shape metals and other materials based on the specifications of a product. They provide an effective and efficient method of manufacturing critical components with ease and accuracy. Machine tools can be either computer numeric controlled (CNC) or non-CNC. Non-CNC tools are also known as conventional machine tools, and are classified into machining centers, turning machines, grinding machines, and others.

The automotive industry is one of the largest consumers of machine tools in India. Machine tools are used extensively by companies across several applications such as die molding, part manufacturing, aerospace, shipbuilding, electrical and electronics, healthcare, and consumer durables. With rising population of middle class in India, the demand for automobiles is expected to increase.

The analysts forecast the Machine Tools Market in India to grow at a CAGR of 12.6% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Machine Tools Market in India for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of machine tools, indicated by consumption value in the report. The report provides market size based on both production and consumption of machine tools.

The report, Machine Tools Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ACE Micromatic
- Bharat Fritz Werner (BFW)
- HMT Machine Tools
- Jyoti CNC Automation
- Lokesh Machines

Other prominent vendors
- Francis Klein
- Heavy Engineering Corporation
- ITL Industries
- Lakshmi Machine Works
- MACPOWER CNC
- Makino India
- Miven Machine Tools
- Okuma
- Parirobotics

Market drivers
- Growth of automotive industry in India

Market challenges
- Need for cost-effective technological solutions

Market trends
- Emergence of optimized machine tools

Key questions answered in this report

- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ACE Micromatic
  • Francis Klein
  • ITL Industries
  • Lakshmi Machine Works
  • MACPOWER CNC
  • Miven Machine Tools
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
  • Other prominent vendors
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Machine tools market in India: Production
  • Machine tools market in India: Consumption
  • Machine tools market in India: Export
  • Machine tools market in India: Import
  • Five forces analysis
PART 06: Market segmentation by end user
  • Market overview
  • Machine tools market in India: Others
PART 07: Market drivers

PART 08: Impact of drivers

PART 09: Market challenges

PART 10: Impact of drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape
  • Competitive landscape
  • Vendor matrix
  • Competition business overview
  • Recent developments
  • Analyst standpoint
PART 13: Appendix
  • List of abbreviations
PART 14: About the Author

List of Exhibits

Exhibit 01: Product offerings
Exhibit 02: Other prominent vendors
Exhibit 03: Product segmentation of the machine tools in India
Exhibit 04: Machine tools production in India 2015-2020 ($ billions)
Exhibit 05: Metal cutting and metal forming machines domestic production 2015-2020
Exhibit 06: Production of CNC and non-CNC machine tools in metal cutting 2015-2020
Exhibit 07: CNC and non-CNC machine tools in metal forming 2015-2020
Exhibit 08: Machine tools consumption in India 2015-2020 ($ billions)
Exhibit 09: Machine tools consumption in India by product segmentation 2015-2020 )
Exhibit 10: Metal cutting: Local production and import 2015
Exhibit 11: Metal cutting: Local production and import 2020
Exhibit 12: Metal forming: Local production and import 2015
Exhibit 13: Metal forming: Local production and import 2020
Exhibit 14: Machine tools export by India 2015-2020 ($ millions)
Exhibit 15: Machine tools exporting destinations of India in 2015
Exhibit 16: Export of machine tools in metal cutting and metal forming 2015-2020
Exhibit 17: Import of machine tools by India 2015-2020 ($ billions)
Exhibit 18: Importing regions of machine tools by India in 2015
Exhibit 19: Import of machine tools in metal cutting and metal forming 2015-2020
Exhibit 20: Five forces analysis
Exhibit 21: Import of machine tools market in automotive sector 2015-2020 ($ billions)
Exhibit 22: Machine tools market in India in other sectors 2015-2020 ($ billions)
Exhibit 23: Volumes of automotive production in India
Exhibit 24: Impact of drivers
Exhibit 25: Impact of drivers and challenges
Exhibit 26: Vendor comparison matrix
Exhibit 27: Ratings parameters of vendors
Exhibit 28: Company's subsidiaries
Exhibit 29: Recent developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ACE Micromatic
  • Francis Klein
  • ITL Industries
  • Lakshmi Machine Works
  • MACPOWER CNC
  • Miven Machine Tools
  • MORE
New Report Released: - Machine Tools Market in India 2016-2020

The author of the report recognizes the following companies as the key players in the Machine Tools Market: ACE Micromatic, Bharat Fritz Werner, HMT Machine Tools, Jyoti CNC Automation, and Lokesh Machines.

Other Prominent Vendors in the market are: Francis Klein, Heavy Engineering Corporation, ITL Industries, Lakshmi Machine Works, MACPOWER CNC, Makino India, Miven Machine Tools, Okuma, Parirobotics, PMT Machines, and Premier.

Commenting on the report, an analyst from the research team said: “A key trend to watch closely is the emergence of optimized machine tools. The machine tools manufacturing industry needs to increase productivity, offer better quality, and enhance cost saving measures to stay ahead of the competition. These improvements are necessary to help end-users enhance the production rate. In the conservative approach of determining cutting parameters, under-utilized machining resources result in a safer process, but lower output efficiency. In such instances, CNC machine operations may be optimized by installing control systems that monitor cutting conditions in real time.”

According to the report, a key driver of market growth is the growing automotive industry in India. The automotive industry is one of the major end-users of machine tools in India. In 2015, it accounted for about 40% of the total revenue of the market. These tools are used by carmakers for drilling, tapping, reaming, and boring operations.

Further, the report states that one challenge that could hinder market growth is the need for cost effective technological solutions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- ACE Micromatic
- Bharat Fritz Werner
- HMT Machine Tools
- Jyoti CNC Automation
- Lokesh Machines
- Francis Klein
- Heavy Engineering Corporation
- ITL Industries
- Lakshmi Machine Works
- MACPOWER CNC
- Makino India
- Miven Machine Tools
- Okuma
- Parirobotics
- PMT Machines
- Premier
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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