Industry Statistics

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

VITAL SECTORS MACHINE TOOLS INDUSTRY

  • Machine Industry
  • Auto Sector
  • Aviation Industry
  • Defence Manufacturing
  • Pharma Industry
  • Chemical Industry
  • Electrical & Electronic Industry
  • Infrastructure , Real Estate & Construction
  • Automation & Robotics
  • Material Handling
  • Cad, Cam And Related Hardware And Software Technology
  • Hydraulics And Pneumatics
  • Measuring, Inspection And Testing Equipment
  • Quality Standardisation Agencies
  • Banks And Financial Institutions
A DYNAMIC PLATFORM

For Escalating Trends In Machine Tools Technology And Engineering