India is taking an increasingly important position on the world market. However, India's own production is still relatively low. A large part of the machine tool demand is imported. The total market volume in 2021 is around 2 billion euros. This makes India the world's eighth largest market for machine tools.
In 2021, the German machine tool industry exported machines (incl. parts and services) worth 128 million euros (-9% compared to the previous year) to India. This puts the country in 16th place among the most important sales markets. The share of all German exports amounts to 1.6% (2020: 1.9%).
Production
With a production volume of approx. 672 million euros in 2021 (+15% on the previous year), the South Asian country is of rather minor importance as a producer on the world market (world share: 0.9%; world production: 71 billion euros). Here, metal-cutting and metal-removing machine tools account for the majority of production with approx. 86% (576 million euros). In contrast, machine tools from forming technology have only a small share of 14% (96 million euros) in total production.
Export
The Indian export volume of machine tools amounts to approx. 200 million euros in 2021 (+34% compared to the previous year). This means that around 30% of the country's own production was sold abroad. The export share for forming machine tools (46% or 44 million euros) was significantly higher than for cutting machines (19% or 108 million euros).
Import
In 2021, machine tools (including parts and services) worth €1.54 billion (+18% year-on-year) were imported. Thus, a large part of India's demand for machine tools was covered by imports from abroad. The German share of all imports in 2021 is approximately 8%.
Market volume
The total volume of the Indian machine tool market in 2021 is around 2 billion euros (+16% compared to the previous year). Cutting and ablative machines have a share of almost 70% with 1.4 billion euros. In terms of individual machine groups, the market for machining centers (€465 million) was the largest, followed by lathes (€334 million) and presses (€209 million).
