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The machine tool market in India size is forecast to increase by USD2.78 billion at a CAGR of 11.89% between 2023 and 2028. The Indian machine tool market is experiencing significant growth, driven by several key trends. The increasing adoption of industrial automation is a major growth factor, leading to the demand for advanced technologies such as CNC lathes, CNC routers, milling machines, electrical discharge machining (EDM) machines, and grinding machines. Moreover, the integration of smart factory concepts and Industry 4.0 technologies like MTConnect is gaining traction, enabling real-time data exchange between machines and systems for improved productivity and efficiency. Additionally, the fluctuating prices of raw materials used in machine tool production pose challenges for manufacturers, necessitating the need for standardization and cost optimization strategies.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Type
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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