India ranks 17th in total production and 12th in consumption of machine tools in the whole worlds. The country already becomes the key player in the global machine tool industry and they are likely to see high-end tool manufacturing even as China keeps the lead in lower end machinery tool volume.
Industry expert generally believes that the whole phenomenon is effectively linked to the spurt in producing for which the machine tools segment serves as the mother industry.
The industry can be sectioned in several ways:
Though the Indian machine tool business has its fair share of domestic manufacturers, they are recognized as a prominent importer of machine tools. in the following segments:
Econstra’s ongoing market research for India helps with augmenting and executing a better roadmap to expand the global presence and include: