The analysis of the Indian metalworking equipment market is aimed at finding up-to-date information and analyzing the market size, consumers and competitors in the market under study, the changes that occurred in 2017-2019, as well as the forecast and trends in the industry in the long term for the period up to 2024.
Part 1. Overview of the Indian metalworking equipment market
1.1. Main characteristics of the market
1.2. Dynamics of the metalworking equipment market volume in 2016-2020 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Stage of the life cycle of the metalworking equipment market
1.5. Competition from substitute products
Part 2. Competitive analysis in the metalworking equipment 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 metalworking equipment
3.1. Volume and dynamics of domestic production of metalworking equipment
3.2. Share of exports in the production of metalworking equipment
3.3. Segmentation of metalworking equipment production by regions:
3.3.1. Production by Union Territories
3.3.2. Production by states of India
Part 4. Analysis of foreign trade supplies of metalworking equipment
4.1. The volume and dynamics of imports of metalworking equipment
4.2. Structure of imports by countries
4.3. The volume and dynamics of exports of metalworking equipment
4.4. Structure of exports by countries
Part 5. Analysis of the consumption of metalworking equipment
5.1. Dynamics of the volume of consumption of metalworking equipment
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 metalworking equipment market until 2025
Part 9. Recommendations and conclusions
State of the metalworking equipment market in India
The high importance of the machine tool industry in India is due to the fact that the products of this industry are the means of production in key sectors of India's industry. Thus, metalworking machines are necessary for:
military-industrial complex (DIC);
aviation and automotive industry;
heavy and power engineering;
shipbuilding and metallurgy.
Thus, considering the dynamics of the production of metalworking machine tools in India, it is worth noting the decline in production rates for machine tools of other categories, which is similar to the general production trends. Growth rates were negative in 2019 and 2020. By the end of the study period 2017-2020, the production of this category of machine tools fell to 3 pieces per year, although at the beginning of the period it was close to 904 pieces.
Diagram. Dynamics of production of other metalworking machine tools in India, 2017-2020, pieces.
Import in the market of metalworking equipment
The decline in imports of metalworking machine tools in 2019 was the result of the stagnation of the Indian economy and the exhaustion of the effect of pent-up demand for metalworking equipment.
The distribution of import deliveries of machine tools to India in 2019 was:
The first place belongs to China, with 4,7 thousand pieces, which is more than 35% of the total share of imports by country.
In second place is Taiwan, from which about 1,5 thousand products were imported, which is about 11% of the total share of imports.
The share of Germany was almost 10%, that is, 1,3 thousand pieces.
Italy - 7,5% of the total share of imports
Turkey with 4,7%.
The structure of the metalworking equipment market
In the production of other metalworking machine tools, the Central Federal District has been leading throughout the entire period of 2017-2020, accounting for about half of all manufactured machine tools. In second place is the Urals Federal District, where in 2020, compared to other districts, there was an increase in production rates relative to 2019. The rest of the leading regions experienced a decline in growth, which can be explained by the difficult economic situation in the country against the backdrop of the COVID19 pandemic.
Table. Dynamics of production of other metalworking machine tools in India by union territories, 2017-2020, pieces.
With regard to other types of machine tools, the largest volume of production by type of metalworking equipment is shown by deburring machines, sharpening, grinding or other metal finishing machines. As can be seen in the diagram below, this category of machine tools shows a positive trend in production growth throughout the entire study period.
Diagram. Production of main types of products in physical terms, 2017-2020, tons (operational data in accordance with OKPD2
Dynamics of the metalworking equipment market
Based on the graph below, it can be seen that the producer price indices for metal processing and coating services are higher than the price indices for the equipment itself. So from 2017 to 2020, price indices for services constantly exceeded 100%, which indicates an annual increase in prices, however, in 2019-2020, a slight decrease in the indicator is noticeable. As for the prices for machining centers, aggregate machines and multi-position machines for metal processing, in 2019 and 2020 the indicators were at the level of less than 100% and at the end of 2020 the producer price index for these products amounted to 93,3%.
Diagram. Producer price indices for metalworking services and machine tools in India in 2017-2021, %
For a more detailed overview of the dynamics of the market volume, analysis of demand, exports and imports of metalworking equipment, we suggest ordering a full-fledged market research.
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