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New York, November 11, 2021/PRNewswire/ - Technavio's latest research report on the Indian machine tool market provides a comprehensive analysis of new product launches, latest trends, drivers and challenges. From 2019 to 2024, the Indian machine tool market is expected to grow by US$1.9 billion, with a compound annual growth rate of nearly 13%.
Insight into the Indian machine tool market-download a free sample now!
Factors such as the growth of the automotive industry and the rise of industrial automation in India are critical to driving market growth. But the availability of second-hand machine tools will limit market growth.
The Indian machine tool market report includes information on product launches, sustainability and prospects of leading suppliers, including 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.
Some companies mentioned key products
The report includes competitive analysis, which is a proprietary tool that can analyze and evaluate the company's position based on the company's industry position score and market performance score. The tool uses various factors to divide players into four categories. Some of the factors considered for analysis are financial performance, growth strategies, innovation scores, new product launches, investments, market share growth in the past 3 years, etc.
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India machine tool market scope
Accelerate at a compound annual growth rate of 13%
Leading company, competitive strategy, scope of consumer participation
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. Co., Ltd., Okuma India Pvt. Ltd. and Tussor Machine Tools India Pvt. Ltd.
Mother market analysis, market growth incentives and obstacles, fast and slow growth market segment analysis, COVID-19 impact and future consumer dynamics, market conditions analysis during the forecast period
If our report does not contain the data you are looking for, you can contact our analysts and customize the market segment.
Technavio is the world's leading technology research and consulting company. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and formulate effective strategies to optimize their market position. Technavio's report library has more than 500 professional analysts, including more than 17,000 reports, and it is constantly increasing, covering 800 technologies across 50 countries/regions. Their customer base includes companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable market insight to identify opportunities in existing and potential markets, and evaluate their competitive position in changing market scenarios.
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