The increasing demand for machine tools in India is worthy of attention

After five consecutive years of market growth of 30%, the Indian machine tool industry is facing a drop in demand caused by a sharp drop in customer demand. Despite such challenges, India's machine tool production has maintained a growth that is basically the same as in previous years. 86% of the contribution came from metal cutting machines and the rest from metal forming machines. The rapid development of India's auto and parts industry and the investment in infrastructure construction have created a huge demand for machine tools. As a developing country, India is the seventh largest consumer of machine tools, with a 77% dependence on imported machine tools. The Indian machine tool market is an important area of u200bu200bcompetition among countries. my country's product grades are suitable for the Indian market. Machine tool companies should strategically pay attention to the needs of the Indian market. India is in the stage of development, and the gap between the rich and the poor is huge, but there are factories and highways under construction everywhere; a few high-end vehicles on the road are imported, and the rest are cars, trucks, motorcycles, three-wheeled motorcycles, passenger cars, Almost all tractors and construction machinery are made locally. From the perspective of the competitiveness of the industry itself, Indian machine tools have the following characteristics: the ability to provide high-performance machine tools for Indian and overseas users; efforts to transform into a high-productivity, high-efficiency, and more cost-competitive industry; great emphasis on quality; Establish a close integrated relationship with suppliers and secondary suppliers; actively communicate with customers in various fields such as the automotive industry and the defense industry. According to the relevant person from the Indian Machine Tool Association, the Indian machine tool market is highly concentrated. There are 4 companies with 25% of the market, 25 companies with 45%, and a large number of other companies with the remaining 30%. The rapid development of India's auto and parts industry and the investment in infrastructure construction have created a huge demand for machine tools. As a developing country, India is the seventh largest consumer of machine tools, with a 77% dependence on imported machine tools. The Indian machine tool market is an important area of u200bu200bcompetition among countries. my country's product grades are suitable for the Indian market. Machine tool companies should strategically pay attention to the needs of the Indian market.