India Metal Fabrication Equipment Market Steady Growth and Regional Developments

India Metal Fabrication Equipment Market Overview 

The India Metal Fabrication Equipment Market is experiencing steady growth, driven by increasing demand across various industries such as automotive, construction, and aerospace. According to recent reports, the market size reached has been estimated at US$ 92.13 Bn in 2023 and is projected to reach US$ 130.50 BN by 2030, at a CAGR of 5.1% during the forecast period. 

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Dynamics of the Indian Metal Fabrication Equipment Market:

The market for metal fabrication equipment in India is being driven by the metal and manufacturing sector's rapid expansion, the rising demand for aluminum, and the expanding automotive and aviation industries. India has a sizable market for metal fabrication, but the expansion of 3D printers, a shortage of experienced labor, and problems with raw material supply are impeding the market's expansion. The market for metal fabrication equipment is anticipated to expand at a spectacular rate as India's population continues to rise and the country moves toward industrialization and urbanization.

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The competitive environment of the metal fabrication equipment market in India

There are numerous participants in the India Metal Fabrication Equipment Market. Leading companies in the Indian metal fabrication equipment market are focusing on creating new technologies that will help the sector operate with the least amount of time and money. Many technological advancements in the field of the India Metal Fabrication Equipment Market have been made in recent years, which will help the sector expand and increase competitiveness. The study includes a thorough examination of the competition, new competitors, strategic partnerships, mergers, and acquisitions in the India Metal Fabrication Equipment Market.

Recent Developments

In September 2024, Smiths Group, a British engineering firm, announced the acquisition of U.S.-based Modular Metal Fabricators and Canada's Wattco for a combined £110 million. This strategic move aims to expand Smiths Group's presence in the Americas, its largest market by revenue.

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India Metal Fabrication Equipment Market Segmentation

by Equipment

Machining

Cutting

Forming

Welding

Others

by End-User

Oil & Gas

Automotive & Aviation

Power Plants

Chemicals & Mining

Construction

Others

Market Key Players

1. Amada

2. Atlas Copco

3. BTD Manufacturing

4. Colfax

5. Defiance Metal Equipment s

6. DMG Mori

7. Hindustan Machine Tools

8. Interplex Holdings Pvt. Ltd.

9. Kapco

10. Komaspect

11. Lancer Fabtech Pvt. Ltd.

12. Matcor Matsu Group Inc.

13. Sandvik

14. Standard Iron and Wire Works

15. Trumpf

16. Watson

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