Huge Growth Potential in Manufacturing Sector Boosts Machine Tools Market in India, Finds Netscribes

Mumbai, India, July 25, 2012 --(PR.com)-- The report begins with the introduction section which offers a brief description of machine tools along with the names of major machine tools that are manufactured in India. After this, a brief insight about how the industry is related to the manufacturing sector and other strategic sectors of the country is provided. It is then followed by the classification of the machine tool industry based on different criterions. It then moves to the market overview section which provides an overview of the global machine tool industry with details about major manufacturing nations, country wise production, consumption and India’s share in total consumption. The next section provides an insight about the Indian machine tool industry highlighting the market size and growth. It also provides information regarding domestic production and its growth over the years. In addition to this, segmentation of the industry based on portfolio of the players and product types is also provided. The next section elaborates on the value chain analysis of the sector.

A separate section on import and export of machine tools is also provided, highlighting the growth in import and export values over the years. Then, details regarding major importing and exporting nations are also provided.

An analysis of the drivers explains the factors for growth of the industry that include growth of industries using machine tools, strong supporting industries-foundry & castings, abundance of key raw materials, availability of cheap labour force and consistent supply of skilled manpower. The key challenges include insufficient production capacity, lack of proper funding, lack of investment in R&D and Regulatory challenges.

The next section discusses the initiatives undertaken by the Government of India which includes different schemes by the Development Commissioner (MSME), changes to the FII policies, custom duty relaxation as well as proposals made by the Department of Heavy Industries in India.

The major trends identified in the sector include exhibitions to promote trade, increased focus towards India for developing machine tools, transformation towards multitasking technology, and IT usage.

The competition section offers a competitive landscape of the players by providing their financials and key financial ratios. It also provides elaborate information regarding the organizations. Key financial parameters constitute the financial performances of the players which are followed by business highlights. Porters Five Forces Analysis has been incorporated for a brief but effective understanding of the market scenario.

The report concludes with a section on strategic recommendations which comprises an analysis of the growth strategies for the machine tool market in India.

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