Machine Tool Market in India 2020

Jan 25, 2024

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31 Aug, 2021, 19:00 ET

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NEW YORK, Aug. 31, 2021 /PRNewswire/ -- According to Technavio, incremental growth of USD 1.9 billion is expected in the machine tool market in India during 2020-2024. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the machine tool market in India in optimistic, probable, and pessimistic forecast scenarios.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bharat Fritz Werner Ltd., DMG MORI Co. Ltd., HMT Ltd., ITL Industries Ltd., Jyoti CNC Automation Ltd., Lakshmi Machine Works Ltd., Machine Tools India Ltd., Micromatic Machine Tools Pvt. Ltd., Okuma India Pvt. Ltd., and Tussor Machine Tools India Pvt. Ltd. are some of the major market participants. The growth of the automotive industry and rising industrial automation in India will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Machine Tool Market in India 2020-2024: Segmentation

Machine Tool Market in India is segmented as below:

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Machine Tool Market in India 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, the machine tool market in India provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Bharat Fritz Werner Ltd., DMG MORI Co. Ltd., HMT Ltd., ITL Industries Ltd., Jyoti CNC Automation Ltd., Lakshmi Machine Works Ltd., Machine Tools India Ltd., Micromatic Machine Tools Pvt. Ltd., Okuma India Pvt. Ltd., and Tussor Machine Tools India Pvt. Ltd.

The report also covers the following areas:

The adoption of 3D printing technology is likely to emerge as one of the primary drivers of the market. However, the availability of used machine tools will threaten the growth of the market.

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Backed with competitive intelligence and benchmarking, our research report on the machine tool market in India is designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

Related Reports on Industrials Include:Global CNC Machine Tools Market - Global CNC machine tools market is segmented by product (CNC lathe machines, CNC milling machines, and other CNC machines) and geography (APAC, Europe, North America, South America, and MEA).Download Exclusive Free Sample Report

Global Machine Tools Market - Global machine tools market is segmented by end-user (automotive, industrial machinery, precision engineering, transportation, and others) and geography (APAC, Europe, North America, MEA, and South America).Download Exclusive Free Sample Report

Machine Tool Market in India 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Technology

Market Segmentation by Type

Customer landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/Report: www.technavio.com/report/machine-tools-market-in-india-industry-analysisNewsroom: https://newsroom.technavio.com/news/machine-toolmarket

SOURCE Technavio