Maier Vidorno Altios

MACHINERY SECTOR OVERVIEW

Statistics, news & updates: everything you need to know about the Machinery Industry in India

Machinery sector in India - Maier Vidorno Altios India

Summary/Snapshot​

Machinery Industry

  • The Indian textile machinery industry is expected to touch the $6 billion mark by 2022. It is one of the largest segments of the machinery manufacturing industry in India.
  • India is the 4th largest importer of textile machines globally due to local production being unable to meet the growing demand. This points to growth potential for domestic manufacturing.
  • Amended Technology Upgradation Fund Scheme (ATUFS): This scheme aims to enable technology up-gradation in the textile sector. It provides capital investment subsidies across different segments of the textile value chain.
  • The government has approved a total of 15 Special Economic Zones or SEZs for the engineering sector, and electrical machinery is a part of the sector.
  • The countries investing in electrical machinery in India are Japan, France, the UK, USA and Italy.
  • The agriculture machinery sector is largely agricultural tractors. The Indian tractor industry is the world’s largest and contributes to one-third of the global production. They are exported to Malaysia, Turkey, and other countries.
Tractor machinery industry in India - Maier Vidorno Altios

Growth Drivers​

  • Govt has released a number of schemes to provide loans to farmers to buy agricultural equipment ​
  • India is the favored outsourcing location by global manufacturing firms
  • Electrical machinery now allows 100% FDI in the sector
    There is a rising global demand for better textile machinery

Sub industries

  • Construction Equipment &
  • Heavy Trucks​
  • HVAC (this includes cooling towers)​
  • Industrial Machinery​
  • Material handling equipment​
  • Oil & Gas and Mining equipment​
  • Packaging machinery​
  • Pump & Compressor​
  • Tools including Hand tools​
  • Woodworking machinery​

Opportunities

  • The Indian electrical machinery industry is completely de-licensed and allows 100% FDI.​
  • The government’s Make in India scheme to make the country a manufacturing hub will lead to increased demand for machinery.​
  • Indian Electrical Equipment Industry Mission Plan (2012-22), was introduced by the government that aims to make India a preferred location for the production of electrical equipment.​​​​

Challenges

  • With the looming fear of the third wave of COVID-19, the future of manufacturing is still uncertain.
  • A number of projects have simply not started because of the pandemic
How we can help you:
  • Product-Pricing analysis
  • Strategies for – product/service localization
  • Market research to sell effectively

Key Investment Opportunities

Material handling equipment has four categories:

  • storage and handling equipment
  • engineered systems
  • industrial trucks
  • bulk material handling
  • The Indian machinery industry has the potential to become to meet the demand of both the domestic and international markets.
  • With the government’s focus on manufacturing with the Make in India and AatmaNirbhar Bharat campaigns, there is a potential for growth for local machinery manufacturers.

Recent Developments

  • India is shifting to more automated and process driven manufacturing, increasing demand for high-end equipment and machinery.
  • India is gradually progressing on the road to Industry 4.0 through the Government of India’s initiatives.
  • End-user segments, such as aerospace/defense, automotive, and information and communication technology are the source of this demand for more high-end equipment and machinery.

Key Players in India

National

  • Voltas​
  • Larsen & Toubro​
  • Volvo Construction Equipment India​
  • Escorts Construction Equipment​
  • Terex Vectra Equipment Salgaocar Engineers​
  • B G Shirke Construction Equipment​
  • Bharat Earthmovers​
  • Telco Construction Equipment​
  • Ingersoll Rand India​
  • Caterpillar India​

 

International

  • JCB India​
  • Metso Minerals​
  • Atlas Copco​
  • Trane Technologies​

Map Clusters

Machinery Industry India

We have completed over 8,000 projects worldwide & 1500 projects in India in nearly every business segment.

WINE & SPIRITS / FOOD & BEVERAGES / AGRIBUSINESS / ENERGY & RESOURCES / TRANSPORTATION / INDUSTRY / TECHNOLOGY / LIFE SCIENCES & HEALTH / SERVICES / CONSUMER & LUXURY GOODS / PUBLIC & PRIVATE INSTITUTIONS

/ Ready to start a conversation?

Write to us at info@maiervidorno.com, or Fill the form below and we will get back to you shortly.
×