3D technology to boost growth
India’s machine tool market projected is driven by rising industrial automation and is projected to grow at a CAGR of 13% from 2020 to 2024, according to ResearchAndMarkets.
In addition, adoption of 3D printing technology is anticipated to boost the growth of the machine tool market in country during 2020-2024, says the report “Machine Tool Market in India 2020-2024” released on 3 Apr 2020.
The market is poised to grow by US$1.9 billion during the forecast period.
The report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The vendors are Bharat Fritz Werner Ltd, DMG MORI Co Ltd, HMT Ltd,
ITL Industries Ltd, Jyoti CNC Automation Ltd, Lakshmi Machine Works Ltd,
Machine Tools India Ltd, Micromatic Machine Tools Pvt Ltd, Okuma India Pvt Ltd and Tussor Machine Tools India Pvt Ltd. fiinews.com
