Market analysis of lathes in India
The relevance of research
Modern technical characteristics of lathes are so high that they are suitable for solving a huge number of tasks and are indispensable for almost any industrial enterprise. Woodworking lathes are used to make furniture, wooden utensils, souvenirs, household utensils and many other items. The possibilities for processing products on wood lathes may vary based on the functions inherent in a particular model. Metal lathes are designed for processing mainly bodies of revolution. When turning, chips are removed from them, and the workpiece acquires the desired shape. In addition, some lathes can also perform milling operations.
Purpose of the study
Analyzing the state of the lathe market in India, assessing the market size, analyzing competitors, as well as determining the factors affecting the lathe market
Content
Part 1. Overview of the Indian Lathe Market
1.1.Main characteristics of the market
1.2. Dynamics of the market volume of lathes 2017–2021 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Lathe Market Life Cycle Stage
1.5. Competition from substitute products
Part 2. Competitive analysis in the lathe market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of the production of lathes
3.1. Volume and dynamics of domestic production of lathes
3.2. Share of exports in the production of lathes
3.3. Segmentation of production of lathes by region
3.3.1. Production by Union Territories
3.3.2. Production by states of India
Part 4. Analysis of foreign trade deliveries of lathes
4.1. The volume and dynamics of imports of lathes
4.2. Import structure
4.3. The volume and dynamics of exports of lathes
4.4. Export structure
Part 5. Analysis of the consumption of lathes
5.1. Dynamics of consumption of lathes
5.2. Analysis of the results of tenders for the purchase
Part 6. Price Analysis
6.1. Average producer prices by union territories
6.2. Average consumer prices by states in India
Part 7. Assessment of factors of investment attractiveness of the market
Part 8. Forecast for the development of the lathe market until 2026
Part 9. Recommendations and conclusions
Research excerpt
Part 1. Overview of the Indian Lathe Market
1.1. Main characteristics of the market
Modern technical characteristics of lathes are so high that they are suitable for solving a huge number of tasks and are indispensable for almost any industrial enterprise.
This marketing research includes woodworking and metal cutting lathes with and without numerical control.
Woodworking lathes are used for…
The Indian lathe market is dominated by … products. In the analyzed period, the share of domestic products amounted to …% of the market volume.
Diagram 1. The ratio of imported and domestic products in the lathe market, 2017–2021, %
1.2. Dynamics of the market volume of lathes 2017–2021 Potential market capacity
Market volume of lathes in 2017–2018 was within … billion Rs.
In 2019, the market volume grew by …% to … billion Rs. The main impact on market fluctuations in monetary terms in 2019–2021 provide … deliveries of machine tools.
According to the results of 20…, the volume of the market of lathes amounted to … billion Rs., which became the maximum value in the entire period under study.
The market potential for lathes is estimated by GidMarket analysts at …%, which will be mainly due to the growth of …, since the market is expected to ...
Throughout the entire period under review, … the federal district leads in terms of revenue from the sale of lathes with shares within …%, while in 2020–2021. share of the county's revenue...
The share of … district in 2021 amounted to …%. On the third place …
...
1.3. Assessment of factors affecting the market
Consider the main factors affecting the market and, accordingly, demand.
- Economic
India GDP
GDP is a macroeconomic indicator that reflects the market value of all final goods and services produced in a year in all sectors of the economy on the territory of the state for consumption, export and accumulation. The dynamics of India's GDP is decisive in the vector of development of the entire economy of the country and determines …
In 2015, which was the peak of the crisis in the state, the decline in GDP amounted to …% compared to the previous year of 2014, and since the dynamics of GDP is directly proportional to the well-being of citizens, this indicates …
...
In 2020, the decline in India's GDP, according to Rosstat, amounted to …%. This is the biggest drop in GDP since 2009, when the country's economy shrank by …%. According to Rosstat, the decline in GDP is mainly due to …
In 2021, GDP grew by …%, fully offsetting the decline in 2020. According to …
The dynamics of GDP in 2022 will be affected by multidirectional factors, including …
Experts disagree significantly on India’s GDP dynamics in 2022: …
The consequences of the Indian military special operation in Ukraine, together with tough sanctions, have a negative impact on GDP and, accordingly, on the market under study.
...
- Социальные
- ...
- technological
- ...
- Political
- ...
Concluding the assessment of the factors influencing the market of lathes, we will summarize the key ones in the framework of the STEP-analysis.
According to the results of the performed STEP-analysis, macro-environment factors have a greater influence on the development of the lathe machine market.
Among the most positive factors in the market are: ...
Table 2. STEP analysis of factors affecting the lathe market
1.4. Lathe Market Life Cycle Stage
The lathe market is in the stage of …, trending …
Stage ... is built on the consumption of ...
The level of competition in the market...
...
1.5. Competition from substitute products
...
Part 2. Competitive analysis in the lathe market
2.1. Major players in the market
Among the main companies participating in the market of lathes are both ... and ... manufacturers.
Revenues of imported manufacturers are given in accordance with the volume of deliveries of lathes to India according to customs declarations.
2021 Indian Manufacturers Revenue Data is …
2.2. Market shares of the largest competitors
The assessment of the shares of the largest operators in the market of lathes was carried out by GidMarket analysts based on …
The share of imported manufacturers is estimated based on …
According to the results of 2021, the leaders are … with a share of …%, … – …%, JSC “…” – …%, LLC “…” – …%, … – …%.
Diagram 10. Shares of the largest competitors in the lathe market in 2021, %
In terms of competitive concentration, the market belongs to … (Herfindahl-Hirschman index (HHI < …).
2.3. Profiles of major players
...
Part 3. Analysis of the production of lathes
3.1. Volume and dynamics of domestic production of lathes
In 2018–2020 production of lathes in India as a whole ... In 2021, there has been a reversal against the backdrop of a low base in 2020 – the increase amounted to …%. India mainly manufactures … machine tools – …% of total production in 2021
In Jan.-Feb. 2022 production of lathes …% compared to the same period of the previous year.
Diagram 11. Dynamics of production volumes of lathes in India for 2017–2021, pcs.
The largest Indian manufacturers by revenue are…
Until 2019, the revenue of these operators grew at a high rate. In 2020, total revenue
The TOP-5 largest market operators decreased by …%, in 2021 revenue decreased by another …% and amounted to … billion Rs. The study of the dynamics of total revenue is indicative from the point of view of the analysis of growth trends.
3.2. Share of exports in the production of lathes
The market is showing … with weak … as a result of the absence of significant spending on … However, the share of exports in the production of lathes in 2021 increased compared to 2017 by … p.p.
3.3. Segmentation of production of lathes by region
3.3.1. Production by Union Territories
The main volume of lathes in India is produced by … federal district – … pcs. at the end of 2021, in … – … pieces, …
At the same time, in the production of … Union Territories, the main share is occupied by metal-cutting lathes – …% and …%, respectively, and in …
Table 5. Dynamics of production of lathes in India by union territories, 2017–2021, units
3.3.2. Production by states of India
...
Part 4. Analysis of foreign trade deliveries of lathes
4.1. The volume and dynamics of imports of lathes
In 2017–2020 imports of lathes to India were within … thous. In 2021, imports will sharply …% compared to 2020, amounting to … thousand lathes due to a significant reduction in the supply of woodworking machines ... In 2021, metal-cutting lathes, on the contrary, showed an increase by …% – from … thousand PCS. in 2020 to … thous. in 2021
In value (dollar) terms, the volume of imports of lathes in 2021 amounted to … million US dollars, which is …% higher than the level of 2020. Metal-cutting lathes are much more expensive than woodworking lathes; …%.
For 2017–2021 In ruble terms, imports of lathes to India increased from … billion Rs. up to … billion Rs.
4.2. Import structure
In the structure of imports of lathes by importing countries in 2021, the key supplier both in value terms and in kind was …, which supplied India with … lathes for … million US dollars (… pieces of which are metal-cutting lathes for the amount of … million US dollars).
4.3. The volume and dynamics of exports of lathes
The maximum volume of export deliveries of lathes in the study period was observed in 20… – … thousand pieces. In 2019–2020 deliveries abroad … thous.
In 2021, the volume of exports increased …% over the year, compared to 2017, the volumes of deliveries increased ... In physical terms, the main volume of exports is occupied by woodworking lathes – …%.
Export of lathes in terms of money has a similar dynamics. At the end of 2021, it increased by …% and amounted to … million US dollars. The most expensive lathes in 2021 were delivered to …
Foreign trade balance in the lathe market in 2017–2021 is in the zone of … values: import deliveries ... At the end of 2021, the balance amounted to … billion Rs., which allows us to conclude that the export direction …
4.4. Export structure
The main volume of lathes, in value terms, exported from India in 2021 was supplied in … – …% and …
At the same time, we note that the share of Indian-made metal-cutting lathes in exports in 2021 is about …% in value terms, and …% in physical terms. The share of Indian woodworking lathes in exports is about …%.
The rest of the deliveries are...
Part 5. Analysis of the consumption of lathes
5.1. Dynamics of consumption of lathes
Estimation of consumption volume per capita was made by GidMarket on the basis of the ratio of volume …
Consumption of lathes per capita in monetary terms ... Consumption volume for 2017–2021 increased by …%, and relative to 2020 – by …%. According to GidMarket, in 2021 consumption amounted to … Rs./person.
5.2. Analysis of the results of tenders for the purchase
For 2020-Mar. 2022 was published ... tenders for the purchase of lathes. In 2021, the number of tenders …
Most tenders for the purchase of lathes are carried out in the form of … – …%.
Often, the tender requires not only the supply of lathes, but also ...
Due to the large number of purchases, the table includes completed tenders with contract amounts of more than 50 million Rs.
Table 7. Data on completed tenders for the purchase of lathes with a contract amount of more than 50 million Rs., 2020–Mar. 2022
The largest region in terms of the amount of purchases of lathes in 2020-Mar. 2022 among tenders from
50 million Rs. became ... - ...%, in second place ... - ...%. Rounding out the top three...
The largest customer among the submitted tenders is PJSC “…”. The company is…
Part 6. Price Analysis
6.1. Average producer prices by union territories
Prices for lathes depend on ...
In the context of federal districts in 2021, the most expensive metal-cutting lathes were supplied from … to the Union Territories – … million Rs./piece, …
6.2. Average consumer prices by states in India
Here are the average consumer prices for horizontal metal-cutting CNC lathes in some regions of India according to ... The highest prices in 2021 were observed in … – … million Rs./piece, … regions – … million Rs./piece, …
Part 7. Assessment of factors of investment attractiveness of the market
… factors of the investment climate of the lathe market in India dominate over ... A comprehensive assessment of the factors of investment attractiveness is ... points - ... investment climate. The assessment of investment attractiveness was made for companies considering the possibility of entering the market.
The most significant positive factors. …
The most significant negative factors. …
Part 8. Forecast for the development of the lathe market until 2026
...
Part 9. Recommendations and conclusions
...
Diagrams
Diagram 1. The ratio of imported and domestic products in the lathe market, 2017–2021, %
Diagram 2. Dynamics of the market volume of lathes, 2017–2021, billion Rs.
Diagram 3. Revenue (net) from the sale of lathes by union territories for 2017–2021, %
Chart 4. Dynamics of India's GDP, 2014–2021, % to the previous year
Chart 5. Monthly dynamics of the US dollar against the rupee, 2017-Apr. 2022, Rs. for 1 US dollar
Chart 6. Industrial production indices, 2017–Feb.2022, %
Diagram 7. Population dynamics in India, as of 01 Jan. 2013–2022, million people
Chart 8. Dynamics of real incomes of the population of India, 2014–2021, %
Diagram 9. Stage of the life cycle of the lathe market
Diagram 10. Shares of the largest competitors in the lathe market in 2021, %
Diagram 11. Dynamics of production volumes of lathes in India for 2017–2021, pcs.
Diagram 12. Dynamics of the total revenue of the largest manufacturers (TOP-5) of lathes in India, 2017–2021, million Rs.
Diagram 13. The share of exports in production for 2017–2021, %
Diagram 14. Volume and dynamics of imports of lathes in physical terms, 2017–2021, pcs.
Diagram 15. The volume and dynamics of imports of lathes in monetary terms, 2017–2021, thousand US dollars
Diagram 16. Dynamics of export of lathes, 2017–2021, pcs.
Diagram 17. Dynamics of export of lathes, 2017–2021, thousand US dollars
Diagram 18. Balance of exports and imports, 2017–2021, million Rs.
Chart 19. Structure of exports by countries in 2021, %
Diagram 20. Dynamics of consumption of lathes in monetary terms, 2017–2021, Rs./person
Diagram 21. Regional structure of deliveries of lathes among tenders worth more than 50 million Rs. in 2020–Mar. 2022, %
Diagram 22. Market volume forecast for lathes in 2022–2026, billion Rs.
Tables
Table 1. Expert forecasts for the decline in real GDP in India in 2022, %
Table 2. STEP analysis of factors affecting the lathe market
Table 3. The main companies participating in the lathe market in 2021
Table 4. Profiles of companies participating in the lathe market in 2021
Table 5. Dynamics of production of lathes in India by union territories, 2017–2021, units
Table 6. Structure of imports of lathes by importing countries in 2021
Table 7. Data on completed tenders for the purchase of lathes with a contract amount of more than 50 million Rs., 2020–Mar. 2022
Table 8. Average producer prices in the market of lathes in the Union Territories, 2017–2021, thousand Rs./pc.
Table 9. Average consumer prices in the market of lathes by states of India, 2021, thousand Rs.
Table 10. Assessment of factors of investment attractiveness of the lathe market
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