Indian Machine Tool Industry

India stands 12th in production and 8th in the consumption of machine tools in the world as per the 2017 Gardner Business Media survey. The country is set to become a key player in the global machine tools industry and is likely to see substantial high-end machine tool manufacturing. With an emphasis on Make in India and manufacturing growth, for which the machine tools sector serves as the mother industry.

The Indian Machine tool Industry has around 1000 units in the production of machine tools, accessories/attachments, subsystems, and parts. Of these, around 25 in the large scale sector account for about 70 percent of the turnover and the rest are in the MSME sector of the industry. Approximately, 75 percent of the Indian machine tool producers are ISO certified. While the large organized players cater to India’s heavy and medium industries, the small-scale sector meets the demand of ancillary and other units. Many machine tool manufacturers have also obtained CE Marking certification, in keeping with the requirements of the European markets.

Production  Exports  Imports  Consumption 

The industry can be segmented in several ways:
  CNC Conventional
Forming Rs. 137 Cr RS. 456 Cr
Cutting Rs. 4854 Cr Rs. 356 Cr

Indian Machine Tool Industry 2015-16 & 2016-17 (INR Crores)
   2015-16  2016-17  Growth Rate
  Production 4727  5803  23%
 Exports 296  360  22%
 Imports 5945  6173  4%
 Consumption 10376  11616  12%

The Indian machine tools sector offers several opportunities for investment. Given the current gap between demand and supply, there is a clear need for adding capacities in this sector. The industry is moving towards increasingly sophisticated CNC machines, driven by demand from key user segments, such as automobiles and consumer durables, Aerospace, etc. Machine tool manufacturers need to develop capabilities to cater to this demand and investments in this area could yield long term benefits.

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