Latest Research Report titled " Machine Tool Market in India 2016-2020 " features Key Market Players, Segments, Applications. Report Presents Global Market Survey, Growth, Challenges and Forecast.
Albany, NY -- (SBWIRE) -- 07/13/2017 -- Machine tools are used to cut and shape metals and other materials based on the specifications of a product. They provide an effective and efficient method of manufacturing critical components with ease and accuracy. Machine tools can be either computer numeric controlled (CNC) or non-CNC. Non-CNC tools are also known as conventional machine tools, and are classified into machining centers, turning machines, grinding machines, and others.
The Machine Tools Market in India to grow at a CAGR of 12.6% during the period 2016-2020. The automotive industry is one of the largest consumers of machine tools in India. Machine tools are used extensively by companies across several applications such as die molding, part manufacturing, aerospace, shipbuilding, electrical and electronics, healthcare, and consumer durables. With rising population of middle class in India, the demand for automobiles is expected to increase.
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The report covers the present scenario and the growth prospects of the Machine Tools Market in India for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of machine tools, indicated by consumption value in the report. The report provides market size based on both production and consumption of machine tools.
Technavio's report, Machine Tools Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- ACE Micromatic
- Bharat Fritz Werner (BFW)
- HMT Machine Tools
- Jyoti CNC Automation
- Lokesh Machines
Other prominent vendors
- Francis Klein
- Heavy Engineering Corporation
- ITL Industries
- Lakshmi Machine Works
- MACPOWER CNC
- Makino India
- Miven Machine Tools
Table of Contents:
PART 01: Executive summary
PART 02: Scope of the report
Other prominent vendors
PART 03: Market research methodology
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