HIMTEX 2024
Industry statistics
MACHINE TOOLS AND ENGINEERING INDUSTRY
- $ 77 bN
- 2019
- $ 98.3 bN
- 2027
- The Global Machine Tools Market Growth
- From USD 77.0 billion in 2019 to USD 98.3 billion in 2027 at a CAGR of 3.2% during the forecast period.
- SOURCE: Markets and Markets reports
- $ 36 bN
- 2019
- $ 98.3 bN
- 2022
- Engineering R&D revenues from 2019 - 22
- SOURCE: Dept. of Heavy Industries, India Electrical and Electronics Manufacturer Association, NASSCOM, Business Today
- In November 2020, Larsen & Toubro delivered the first hardware a booster segment for the Gaganyaan Launch Vehicle to ISRO, ahead of schedule.
- SOURCE: Indian Machine Tool Manufacturers' Association, Textile Machinery Manufacturing Association, Cabinet Committee on Infrastructure report, ITMACH India
- ₹ 6,150 cr
- Production
- ₹ 15,670 cr
- Consumption
- The Indian Machine Tool Production and Consumption
- Rs. 6,150 crores (US$ 872.46 million) and Rs. 15,670 crores (US$ 2.22 billion) in 2019-20.
- Engineering Export Performance
- 21.32
- Iron, Steel and Products made of Irond and Steel.
- 19.96%
- Automobile
- 17.81%
- Industrial Machinery
- 5.8%
- Ships, Boats, Floating Products and Parts
- 11.30%
- Other Engineering Products
- 11.75%
- Electrical Machinery
- 10.00%
- Non-Ferrous Metals and Products made of Non-Ferrous Metals
- 1.87%
- Aircrafts, Spacecraft Parts and Products
It churns out basic machinery for all the major industries and determines competitiveness in other sectors: Automobiles, Heavy Electrical and Defence.
SOURCE: Telangana Today, Indian Minerals Yearbook 2019
A DYNAMIC PLATFORM