
Study Period | 2019 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Historical Data Period | 2019 - 2023 |
CAGR | 13.43 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
India Lathe Machines Industry Analysis
The India Lathe Machines Industry is expected to register a CAGR of 13.43% during the forecast period.
India's manufacturing landscape is experiencing significant transformation, supported by robust economic growth and government initiatives. According to recent estimates, India's nominal GDP reached USD 3.5 trillion as of March 2023, positioning the country as a potential global manufacturing hub. The government's Production-Linked Incentive (PLI) scheme across 14 sectors, coupled with initiatives like Make in India and Atmanirbhar Bharat, has created a conducive environment for manufacturing growth. The focus on 27 sectors, including 15 manufacturing and 12 service sectors, has strengthened India's integration into the global value chain, particularly in areas such as furniture, agri-produce, textiles, robotics, and aluminum.
The automotive and components sector has emerged as a crucial driver for the lathe industry. The Indian automotive components sector achieved a record turnover of USD 69.7 billion in 2022-23, driven by increased demand for high-value-added components in the domestic market. The sector witnessed a remarkable 33% increase in sales to OEMs in FY23, establishing India as an emerging global hub for automotive component sourcing. The country's competitive advantage in manufacturing auto components like shafts, bearings, and fasteners has attracted significant investments from major automotive players.
The aerospace and defense sector is witnessing unprecedented growth, creating substantial opportunities for precision manufacturing. Defense exports reached a record high of approximately INR 16,000 crore in the budget year 2023, driven by the government's Self Reliant India (SRI) initiative. Major developments include Hawkins Defence Services' procurement agreement with Australia's AAI in March 2023, involving plans to establish a new manufacturing unit in Tamil Nadu with an investment of INR 1,000 crore over five years. The Ministry of Defence's substantial budget allocation of INR 5.94 lakh crore for FY 2023-24, with INR 1.63 lakh crore dedicated to modernization, signals strong growth potential.
The electronics and semiconductor manufacturing sector is experiencing rapid evolution, supported by significant investments and policy initiatives. In May 2023, smartphone exports crossed INR 20,000 crore in April-May 2023, doubling from the previous year, while iPhone export sales reached INR 10,000 crore in May 2023. The government's approval of 34 proposals under SPECS (Promotion of Manufacturing of Electronic Components and Semiconductors) worth INR 11,187 crore demonstrates the strong push toward domestic manufacturing. Major investments, such as Micron Technology's USD 2.75 billion semiconductor facility and Applied Materials' USD 400 million research center, are reshaping India's manufacturing capabilities.
India Lathe Machines Industry Trends
Technological Advancement in the Manufacturing Industry
The Indian manufacturing industry is undergoing a profound digital transformation, driven by the adoption of Industry 4.0 technologies and advanced manufacturing processes. The integration of IoT, AI, and blockchain technologies has significantly enhanced manufacturing productivity, enabling end-to-end automation, analytics, and real-time decision-making capabilities. These technological advancements have transformed traditional manufacturing units into intelligent factories, capable of higher precision, improved efficiency, and reduced operational costs.
The implementation of IoT-based systems has revolutionized machine monitoring and maintenance practices. CNC lathe machines operators can now interact with their equipment through smartphones or tablet devices, enabling remote monitoring and real-time status updates. This connectivity has led to reduced machine downtime, improved overall equipment efficiency, and enhanced workplace safety. The machine-to-machine alert systems prevent accidental failures and tool breakdowns, while simultaneously reducing material waste and increasing productivity through more accurate part manufacturing.
Growing Smart Factories in India
India's smart manufacturing ecosystem is rapidly expanding, supported by government initiatives like Make in India and Atmanirbhar Bharat. The integration of fully automated solutions in manufacturing facilities has streamlined material flow processes and enabled effective movement across factory floors. Major developments include Panasonic's introduction of the Mirai Profactory industrial IoT solution and Schneider Electric's announcement in December 2022 to develop a new smart factory in Bengaluru with an investment of INR 425 crore.
The adoption of smart manufacturing solutions is further accelerated by significant investments and technological partnerships. In September 2023, Siemens collaborated with DMG MORI to advance Industry 4.0 implementation, offering digital twin capabilities for machine tool processing on their Xcelerator marketplace. The establishment of the World's First 'SMCC' in Ahmedabad in May 2022, through collaboration between the Centre of Excellence – IoT & AI, Ministry of Electronics and Information Technology, and NASSCOM, demonstrates India's commitment to promoting smart manufacturing solutions. These developments are creating a robust ecosystem for advanced manufacturing technologies, driving the demand for sophisticated lathe machines across various industries.
Segment Analysis: By End-User Industry
Automotive Segment in India Lathe Machines Market
The automotive segment maintains its dominant position in the India lathe machines market, commanding approximately 47% market share in 2024, driven by the increasing demand for precision machining components in vehicle manufacturing. CNC lathe machines are extensively utilized in the production of critical automotive components, including bushings, shafts, fuel injection components, pins, and brake system components, owing to their high precision capabilities. The segment's growth is further bolstered by significant investments from major automotive manufacturers in India, with companies like Mahindra Group planning to increase production capacity by 70% and investing USD 1 billion in electric vehicle development across Pune and Telangana. The rising adoption of electric, autonomous, and connected vehicles has accelerated the demand for precision-engineered components, while the implementation of stringent emission standards like Bharat Stage VI has increased the need for high-precision fuel injector components. Additionally, the growing trend toward vehicle weight reduction and engine downsizing has created substantial demand for precisely manufactured smaller components, further driving the segment's expansion.

General Manufacturing Segment in India Lathe Machines Market
The general manufacturing segment, encompassing medical devices, optics, and telecommunication equipment, demonstrates robust growth potential in the India industrial lathe machine market. This sector's expansion is primarily driven by the increasing demand for precision machining components in medical device manufacturing, where Swiss-type lathe machines are crucial for producing surgical instruments, implants, and prosthetics. The government's emphasis on domestic manufacturing through various initiatives and incentives has created a favorable environment for growth, particularly in the medical equipment sector. The telecommunications industry's rapid advancement, especially with the nationwide 5G rollout, has intensified the demand for precision-manufactured components such as connectors and signal transmission parts. Furthermore, the optical industry's growing requirements for high-precision components have contributed to the segment's expansion, as Swiss-type lathe machines excel in producing the intricate parts needed for optical devices and equipment.
Remaining Segments in End-User Industry
The aerospace and defense, metal industry, and other end-user industries segments collectively play vital roles in shaping the India lathe machines market landscape. The aerospace and defense sector focuses on manufacturing high-precision aircraft components and military equipment parts, benefiting from increased domestic defense production initiatives. The metal industry segment utilizes turning machine technology for producing various metal components, supported by the government's emphasis on steel production and metal manufacturing capabilities. Other end-user industries, including oil and gas, energy, and consumer electronics, contribute to market growth through their specific requirements for precision-engineered components, particularly in areas such as petrochemical equipment manufacturing and consumer electronic device production. These segments are experiencing growth driven by various government initiatives promoting domestic manufacturing and infrastructure development.
India Lathe Machines Industry Overview
Top Companies in India Lathe Machines Market
The India lathe machines market is characterized by a mix of global and domestic players demonstrating strong innovation capabilities and market presence. Companies are increasingly focusing on developing advanced CNC-based lathe machines with enhanced precision, automation features, and Industry 4.0 compatibility to meet evolving manufacturing demands. Strategic investments in research and development have led to the introduction of high-speed machines incorporating precision servo motors and linear guideways, enabling tighter tolerances and greater accuracy. Operational agility is evident through the establishment of local manufacturing facilities, technical centers, and comprehensive after-sales service networks across major industrial hubs. Market leaders are expanding their distribution networks and forming strategic partnerships with local players to strengthen their market position and enhance customer reach. The integration of IoT capabilities, cloud connectivity, and real-time monitoring features in newer machine models reflects the industry's commitment to technological advancement and digital transformation.
Market Structure Shows Mixed Competition Dynamics
The competitive landscape is moderately consolidated with a balanced presence of established global manufacturers and emerging domestic players. International companies like Tsugami, Citizen Machinery, Tornos, and Star Micronics maintain significant market share through their advanced technology offerings and global expertise, while domestic lathe machine manufacturers in India such as Arrow Machine Tools and Laxmi Metal & Machines compete through localized solutions and competitive pricing. The market demonstrates a growing trend of strategic collaborations between foreign and Indian companies, as exemplified by the joint venture between Tajmac and Galaxy Machinery to produce MANURHIN CNC automatic lathes.
The industry is witnessing increased investment in domestic manufacturing capabilities, driven by government initiatives like Make in India and rising demand for precision engineering solutions. Global players are establishing local production facilities and technical centers to strengthen their market presence and provide better customer support. The competitive dynamics are shaped by factors such as product innovation, service network coverage, and the ability to offer customized solutions for specific industry applications. Companies are focusing on developing comprehensive product portfolios that cater to various end-user segments while maintaining strong relationships with key industrial customers.
Innovation and Service Drive Future Success
Success in the Indian lathe machines market increasingly depends on companies' ability to balance technological innovation with local market requirements. Incumbent players must focus on developing cost-effective solutions while maintaining high precision and quality standards to retain their market position. The integration of advanced features like artificial intelligence, predictive maintenance capabilities, and enhanced automation will be crucial for maintaining a competitive advantage. Companies need to strengthen their local presence through expanded service networks, technical support centers, and training facilities to build long-term customer relationships and address the growing demand for skilled operation and maintenance support.
Market contenders can gain ground by focusing on specific industry verticals and developing specialized solutions for emerging applications in sectors such as automotive, aerospace, and electronics manufacturing. The ability to provide comprehensive after-sales support, spare parts availability, and technical training will be critical success factors. Companies must also consider potential regulatory changes related to manufacturing standards, environmental compliance, and safety requirements while developing their market strategies. Building strong relationships with end-users through customized solutions, flexible financing options, and responsive service support will be essential for sustainable growth in this competitive market environment.
India Lathe Machines Industry Leaders
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Tsugami Corporation
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Mazak Corporation
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Star Micronics Co. Ltd
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DN Solutions
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Laxmi Metal & Machines
- *Disclaimer: Major Players sorted in no particular order

India Lathe Machines Industry News
- October 2023: The Indian Oil Corporation announced an investment of over INR 2,600 crore (USD 0.3126 billion) to set up greenfield units and further expand its facilities across Northeast India in the coming years. Such investments by governments and private companies are expected to create vast demand for fasteners, nozzles, pins, and washers in the petrochemical industry, which is expected to fuel market growth.
- December 2022: The Tata Group announced a five-year plan to invest USD 90 billion in the semiconductor sector. It plans to enter advanced chip manufacturing and fabs in the coming years.
India Lathe Machines Industry Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
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4.1 Market Overview
- 4.1.1 Analyst's Commentary
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4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyer
- 4.2.3 Threat of New Entrants
- 4.2.4 Threat of Substitute Products
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Technological Advancements in the Manufacturing Industry
- 5.1.2 Growing Smart Factories in India
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5.2 Market Challenges
- 5.2.1 High Initial Investments
6. KEY PERFORMANCE INDICATOR ANALYSIS
- 6.1 Automotive Industry Analysis
- 6.2 EV Penetration and Demand Analysis
- 6.3 5G Industry Analysis
- 6.4 Medical Device Industry
- 6.5 Semiconductor Industry Analysis
7. BANKING AND REGULATORY LANDSCAPE
8. CONSUMER PREFERENCES - DOMESTIC VS. IMPORTS
9. MARKET SEGMENTATION
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9.1 By End-user Industry
- 9.1.1 Automotive
- 9.1.2 Aerospace and Defense
- 9.1.3 General Manufacturing
- 9.1.4 Metal Industry
- 9.1.5 Other End-user Industries
10. COMPETITIVE LANDSCAPE
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10.1 Vendor Ranking Analysis
- 10.1.1 Swiss-type Automatic Lathe Machine Vendor Ranking - 2022
- 10.1.2 Swiss-type Automatic Lathe Machine Vendor Ranking - 2021
- 10.1.3 Swiss-type Automatic Lathe Machine Vendor Ranking - 2020
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10.2 Company Profiles
- 10.2.1 Tsugami Corporation
- 10.2.2 Mazak Corporation
- 10.2.3 Star Micronics Co. Ltd
- 10.2.4 DN Solutions
- 10.2.5 Laxmi Metal & Machines
- 10.2.6 Arrow Machine Tools
- 10.2.7 Tornos Group
- 10.2.8 Citizen Machinery Co. Ltd
- 10.2.9 Galaxy-Tajmac
- *List Not Exhaustive
11. REGIONAL MINIMUM WAGE ANALYSIS
12. MARKET OUTLOOK
India Lathe Machines Industry Industry Segmentation
A Swiss automatic lathe is a machine that removes unwanted material from a rotating piece of cloth in chips using a device that moves across the workpiece and can be fed deep into the workpiece. These machines shape smaller parts and components for various end-user industries such as automotive, metal, aerospace, defense, and medical. It can also be used for drilling or screw machining.
The scope of the study includes the revenues accrued from the sales of Swiss-type automatic lathe machines available in the market. The Indian lathe machines market is segmented by end-user industry (automotive, aerospace and defense, general manufacturing, and metal industry). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
By End-user Industry | Automotive |
Aerospace and Defense | |
General Manufacturing | |
Metal Industry | |
Other End-user Industries |
India Lathe Machines Industry Research FAQs
What is the current India Lathe Machines Market size?
The India Lathe Machines Market is projected to register a CAGR of 13.43% during the forecast period (2025-2030)
Who are the key players in India Lathe Machines Market?
Tsugami Corporation, Mazak Corporation, Star Micronics Co. Ltd, DN Solutions and Laxmi Metal & Machines are the major companies operating in the India Lathe Machines Market.
What years does this India Lathe Machines Market cover?
The report covers the India Lathe Machines Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Lathe Machines Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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India Lathe Machines Industry Research
Mordor Intelligence provides comprehensive industry analysis and market insights for the lathe machines sector in India, with detailed coverage of industrial machinery and manufacturing equipment segments. Our research encompasses market size analysis, growth projections, and competitive landscape assessment of industrial lathe manufacturers. The report pdf delivers in-depth market segmentation analysis, including various types such as cnc lathe, turning machine, and machine tool categories, along with end-user industry applications. Our industry outlook presents detailed market forecasts, emerging trends in precision machining, and strategic insights into the evolving machine tool market in India.
Our consulting expertise extends beyond traditional market research to provide strategic support for lathe machine manufacturers in india. We assist stakeholders with technology scouting for advanced metalworking machinery solutions, sourcing and category intelligence for critical components, and comprehensive assessment of market entry strategies. Our services include detailed analysis of regulatory frameworks affecting industrial lathe machine manufacturing, supply chain optimization strategies, and partner identification for distribution networks. We also provide support in product pricing strategies, competitive benchmarking, and customer need analysis through B2B surveys and interviews, helping businesses make informed decisions in the dynamic machine tool industry landscape.