This dossier presents graphs and tables about the machinery industry in India. It provides a holistic overview of the market and presents insights about the production of the machinery industry. The latter part is focused on trade and investments and concludes by providing more information on the electrical equipment industry.
Table of Contents
Overview
Production
Trade
Investments
Electrical equipment industry
1. Overview
Description: The revenue of capital goods and engineering services amounted to 92 billion U.S. dollars across India in 2019. This value was forecast to reach over 115 billion dollars by 2025. The development in industrialization and the economy ensures growth in this market.
Description: In the first quarter of financial year 2022, the average capacity utilization of capital goods production in India was around 75 percent. It was an increase from the previously reported quarter. A fluctuation could be observed during the presented period. This could be attributed to the coronavirus pandemic.
Description: The Wholesale Price Index of machinery and equipment across India during financial year 2022 was 120. The price index value of machinery increased by about 20 percent from the base financial year of 2012. An overall increase in the price index was seen over the years from financial year 2013 in the country.
Description: Among the various kinds of machinery exported from India in financial year 2022, electric machinery and equipment had the highest value, followed by industrial machinery for dairy, food processing and textiles valued at approximately eight billion U.S. dollars.
Description: In fiscal year 2022, India imported electrical and non-electrical machinery worth more than 2.98 trillion Indian rupees. There was mostly an increasing trend in the value of imports in this sector from fiscal year 2011 to 2022 with dip in 2021, mainly due to the impact of the coronavirus pandemic.
2. Production
Description: The production value of heavy electrical equipment across India was about 1.7 trillion Indian rupees in fiscal year 2021, down from approximately 1.8 trillion rupees from the previous fiscal year. Between 2016 and 2021, compound annual growth rate of the sector was at 3.12 percent.
Description: The production value of earthmoving and mining machinery across India was approximately 290 billion Indian rupees in fiscal year 2021, down from around 310 billion rupees in fiscal year 2020. The machine tool and heavy engineering sector forms a part of the capital goods segment. The industry provided approximately 1.4 million direct and seven million indirect employment opportunities. By 2022, the Indian electrical equipment industry was targeted to reach a market size of 100 billion U.S. dollars.
Description: The production value of dyes, mold, and press tools across India was around 123 billion Indian rupees in fiscal year 2021. This industry was concentrated in the southern and western parts of the country. There was some presence in Delhi as well. This industry had players of all sizes, which catered to different needs.
Description: The production value of printing machinery across India was around 100.6 billion Indian rupees in fiscal year 2021. Most players in this category belonged to small and medium-scale enterprises. Some of the most widely produced machines under this category in India were web offset machines, UV coating curing machines, flexographic printing machines, screen printing machines, etc. The machine tool and heavy engineering sector forms a part of the capital goods segment. The industry provided approximately 1.4 million direct and seven million indirect employment opportunities.
Description: The production value of machine tools across India was over 66 billion Indian rupees in fiscal year 2021. Since fiscal year 2015, the production value of this industry was increasing continuously until 2020. The decrease was mainly due to the impact of the coronavirus pandemic. This industry was one of the most important industry as other industries heavily relied on this industry.
Description: The production value of textile machinery across India was at 51 billion Indian rupees in fiscal year 2021. This industry was dominated by small and medium-sized players. Majorly weaving, spinning, winding, and processing machines were manufactured. The machine tool and heavy engineering sector form a part of the capital goods segment.
3. Trade
Description: The export value of heavy electrical equipment across India was about 638.4 billion Indian rupees in fiscal year 2021, up from approximately 607 billion rupees from the previous fiscal year. Between 2016 and 2021, the compound annual growth rate of exports was at 10.6 percent.
Description: The export value of food processing machinery across India stood at 45.55 billion Indian rupees in fiscal year 2021. During the period between 2016 and 2021, the compound annual growth rate for the import value was 15.66 percent. Some of the machines produced under this category included milking and dairy machines, bakery machines mixers, grinders, cookers to name a few. The machine tool and heavy engineering sector forms a part of the capital goods segment.
Description: The export value of textile machinery across India was at 33 billion Indian rupees in fiscal year 2021. This industry was dominated by small and medium-sized players. Majorly weaving, spinning, winding, and processing machines were manufactured. The machine tool and heavy engineering sector form a part of the capital goods segment.
Description: The import value of heavy electrical equipment across India was about 583.4 billion Indian rupees in fiscal year 2021, down from approximately 679.7 billion rupees from the previous fiscal year. Between 2016 and 2021, the compound annual growth rate of imports was at 1.56 percent.
Description: The import value of textile machinery across India was at 81 billion Indian rupees in fiscal year 2021. This industry was dominated by small and medium-sized players. Majorly weaving, spinning, winding, and processing machines were manufactured. The machine tool and heavy engineering sector form a part of the capital goods segment.
Description: The import value of printing machinery across India was around 68.14 billion Indian rupees in fiscal year 2021. Most players in this category belonged to small and medium-scale enterprises. Some of the most widely produced machines under this category in India were web offset machines, UV coating curing machines, flexographic printing machines, screen printing machines, etc. The machine tool and heavy engineering sector forms a part of the capital goods segment. The industry provided approximately 1.4 million direct and seven million indirect employment opportunities.
4. Investments
Description: The proposed investment value in the industrial machinery sector in India for 2022 amounted to about 25 billion Indian rupees, a significant increase from the previous years. These investments came under the industrial entrepreneur memorandums which aimed to promote businesses.
Description: The proposed investment value in the machine tools sector in India for 2022 amounted to about 2.8 billion Indian rupees, much lower than the previous year. These investments came under the industrial entrepreneur memorandums which aimed to promote businesses.
Description: The proposed investment value in the agricultural machinery sector in India for 2021, amounted to one billion rupees. It was a huge decrease in comparison with the previous year. These investments came under the industrial entrepreneur memorandums which aimed to promote businesses.
Description: The proposed investment value in the earth moving machinery sector in India for 2021 amounted to about 1.77 billion Indian rupees, higher than in the previous year. These investments came under the industrial entrepreneur memorandums which aimed to promote businesses.
Description: The proposed investment value in the scientific instruments sector in India for 2021 was zero million Indian rupees, a decrease from the previous year. These investments came under the industrial entrepreneur memorandums which aimed to promote businesses.
5. Electrical equipment industry
Description: The value of the electrical equipment market in India amounted to around 50 billion U.S. dollars in year 2021. This was an increase compared to the previous years and was estimated to reach 72 billion dollars by 2025.
Description: Siemens India was the leading electrical equipment company in India based on net sales with about 129 billion Indian rupees as of February 2022. Siemens was founded in the city of Kolkata in 1922 in India. Havells India was the second leading electrical equipment company in the country.
Description: At the end of fiscal year 2022, the Wholesale Price Index of electrical machinery across India was approximately 122. This meant an increase in the WPI of about 22 percent from the base year of 2012.
Description: The proposed investment value in the electrical equipment sector in India for 2022 amounted to around 430 billion Indian rupees, a decrease in comparison with the previous year. These investments came under the industrial entrepreneur memorandums which aimed to promote businesses.
Description: In the financial year ended September 2021, the operational revenue for Siemens India was recorded at over 131 billion Indian rupees, an increase in revenue compared to the previous year. Previous year recorded a decrease in the revenue, and It was mainly due to the sudden outbreak of the COVID-19 pandemic, impacting several sectors across the globe. This year, the revenue is back to pre-COVID-19 levels.
Description: In the financial year 2022, Havells India Limited generated operating revenue of 134.89 billion Indian rupees. After a drop in the previous financial year, operating revenue of the company sprang back to a closer equivalent of what it was before COVID-19 pandemic.
Source from Statista
The information set forth above is provided by Statista independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.
