Market Forecast By Type (Lathe Machines, Milling Machines, Laser Machines, Grinding Machines, Welding Machines, Winding Machines, Others), By End-use (Automotive, Aerospace & Defense, Construction Equipment, Power & Energy, Industrial, Others) And Competitive Landscape
Product Code: ETC287844 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India computer numerical control machines market import shipments exhibited a significant growth trend from 2020 to 2024, with a notable CAGR of 19.6%. Momentum accelerated notably between 2023 and 2024, with a growth rate of 60.2%, indicating a robust expansion in the market during that period.
Report Name | India Computer Numerical Control Machines Market |
Forecast period | 2025-2031 |
CAGR | 6.8% |
Growing Sector | Aerospace Industry |
The India Computer Numerical Control Machines Market Report thoroughly covers the market by type and end-use. The India Computer Numerical Control Machines Market Outlook report provides an unbiased and detailed analysis of the ongoing India Computer Numerical Control Machines Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India Computer Numerical Control Machines Market has significant potential for growth, driven by increasing automation in manufacturing processes and the demand for high precision and accuracy. However, there are also challenges that need to be addressed, including a shortage of skilled labor and high costs. To enable continued growth, companies need to invest in R&D and innovation, while the government must continue to implement initiatives.
According to 6Wresearch, the India Computer Numerical Control Machines Market size is anticipated to rise at a CAGR of 6.8% during 2025-2031. One of the primary drivers of this growth is the increasing demand for automation in the manufacturing process. Automation helps manufacturers reduce wastage, increase efficiency, and improve product quality. The aerospace and defense, automotive, and medical industries are the biggest consumers of CNC machines in India. The demand for high precision and accuracy in these industries is one of the key factors driving the adoption of CNC machines.
There are significant challenges that need to be addressed. One of the most significant challenges is the lack of skilled labor. Operating and maintaining CNC machines requires specialized skills and training, which are currently in short supply in India. Additionally, the high cost of CNC machines is a barrier to entry for many small and medium-sized businesses (SMBs). Addressing these challenges will require coordinated efforts from private companies and government agencies.
Many key players are driving innovation in India's CNC market. Companies like Bharat Fritz Werner, Jyoti CNC Automation, and Ace Micromatic have been instrumental in the growth of the industry. These companies have been investing heavily in research and development, bringing new products and solutions to the market, and expanding their customer base. Additionally, international players like Siemens, Fanuc, and Mitsubishi Electric, also have a significant presence in the Indian market.
The Indian government has also implemented several initiatives to support the growth of the CNC machine market. The "Make in India" initiative aims to encourage domestic manufacturing and reduce dependence on imports. The National Skill Development Corporation (NSDC) has launched vocational training programs to educate and train the workforce in CNC machine operation and maintenance. The Skill India program has also been established to enhance the skills of the Indian workforce and create more employment opportunities.
The India Computer Numerical Control Machines Market is poised to expand in the coming years due to Industry 4.0 and increasing automation in various industries. The Indian government's efforts to boost the manufacturing sector and the adoption of advanced technologies are driving innovation and improving the quality of CNC machines in India.
According to Sachin, Senior Research Analyst, 6Wresearch, lathe machines segment holds the largest share of the Indian CNC machine market. Lathe machines are used to produce precise cylindrical shapes, and they are extensively used in the automobile, aerospace, and defense sectors.
India's aerospace and defense industry are growing rapidly, with the Government of India launching many initiatives to boost this sector's development. The aerospace and defense industry requires CNC machines for various applications, such as manufacturing aircraft engine components, defense equipment, and satellites.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Computer Numerical Control Machines Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Computer Numerical Control Machines Market Revenues & Volume, 2021 & 2031F |
3.3 India Computer Numerical Control Machines Market - Industry Life Cycle |
3.4 India Computer Numerical Control Machines Market - Porter's Five Forces |
3.5 India Computer Numerical Control Machines Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Computer Numerical Control Machines Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 India Computer Numerical Control Machines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of automation and Industry 4.0 practices in manufacturing industries |
4.2.2 Growing demand for high precision and complex machining operations |
4.2.3 Government initiatives promoting the growth of the manufacturing sector in India |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with CNC machines |
4.3.2 Lack of skilled workforce to operate and maintain CNC machines effectively |
4.3.3 Competition from traditional manufacturing methods such as manual machining |
5 India Computer Numerical Control Machines Market Trends |
6 India Computer Numerical Control Machines Market, By Types |
6.1 India Computer Numerical Control Machines Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Computer Numerical Control Machines Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 India Computer Numerical Control Machines Market Revenues & Volume, By Lathe Machines, 2021 - 2031F |
6.1.4 India Computer Numerical Control Machines Market Revenues & Volume, By Milling Machines, 2021 - 2031F |
6.1.5 India Computer Numerical Control Machines Market Revenues & Volume, By Laser Machines, 2021 - 2031F |
6.1.6 India Computer Numerical Control Machines Market Revenues & Volume, By Grinding Machines, 2021 - 2031F |
6.1.7 India Computer Numerical Control Machines Market Revenues & Volume, By Welding Machines, 2021 - 2031F |
6.1.8 India Computer Numerical Control Machines Market Revenues & Volume, By Winding Machines, 2021 - 2031F |
6.2 India Computer Numerical Control Machines Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 India Computer Numerical Control Machines Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.3 India Computer Numerical Control Machines Market Revenues & Volume, By Aerospace & Defense, 2021 - 2031F |
6.2.4 India Computer Numerical Control Machines Market Revenues & Volume, By Construction Equipment, 2021 - 2031F |
6.2.5 India Computer Numerical Control Machines Market Revenues & Volume, By Power & Energy, 2021 - 2031F |
6.2.6 India Computer Numerical Control Machines Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2.7 India Computer Numerical Control Machines Market Revenues & Volume, By Others, 2021 - 2031F |
7 India Computer Numerical Control Machines Market Import-Export Trade Statistics |
7.1 India Computer Numerical Control Machines Market Export to Major Countries |
7.2 India Computer Numerical Control Machines Market Imports from Major Countries |
8 India Computer Numerical Control Machines Market Key Performance Indicators |
8.1 Machine utilization rate |
8.2 Overall equipment effectiveness (OEE) |
8.3 Rate of adoption of advanced CNC technologies |
8.4 Number of training programs and certifications for CNC machine operators |
8.5 Percentage of manufacturing processes shifted from conventional methods to CNC machining |
9 India Computer Numerical Control Machines Market - Opportunity Assessment |
9.1 India Computer Numerical Control Machines Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Computer Numerical Control Machines Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 India Computer Numerical Control Machines Market - Competitive Landscape |
10.1 India Computer Numerical Control Machines Market Revenue Share, By Companies, 2024 |
10.2 India Computer Numerical Control Machines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |