$ 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
