Machine Tools Industry Witnessing Gradual Transition Towards CNC Machines

Mumbai, India, February 06, 2013 --(PR.com)-- Knowledge consulting solutions firm Netscribes has announced the launch of its report on Computer Numerically Controlled Machine Tools Market in India for the year 2013. The report focuses on the market which is expected to be boosted by the increase in adoption of CNC machine tools owing to the multiple advantages that it offers over conventional machine tools.

It begins with an introduction which provides a classification of the machine tools market. It also includes a brief description of the evolution of CNC machines in the Indian market. The market overview section provides a brief snapshot of the machine tools market in India. It is followed by an overview of the CNC machine tools market in India with focus on the market size and growth. This section also highlights the production of CNC machine tools in terms of both value and volume.

The next section provides an overview on the various CNC machine tools application and CNC technology. It highlights the advantages of CNC machines adoption and provides a brief description of the major components of CNC machine system. It also contains a brief overview of CNC programming and the role of computer based system. Various applications of CNC machine tools are also incorporated in this section.

It is followed by a section on CNC machine tool hubs focusing on the major CNC machine tool hubs spread across the Indian geography.

The report provides detailed information on the exports and imports of both CNC metal cutting and CNC metal forming machines in terms of value. This section also includes an import chain analysis of CNC machine tools.

Factors driving the growth of CNC machine tools market in India are also explained in detail. Whereas, a healthy economic outlook stimulates the adoption of CNC machine tools, growing demand for automobiles and auto components is yet another major contributor, influencing growth of the CNC machine tools market in India. The well established foundry industry, ever growing capital goods industry and the robust medical equipment market also provide major opportunities for market growth.

The major players in the CNC market face a number of challenges which are hampering their development and growth. Import dependency for critical CNC components act as major impediments for this market. High cost of CNC machines present a major challenge for market growth. Depreciation of currency coupled with lack of skilled labour also serves to be major hindrances.

Initiatives required to promote the development of the CNC machine tools market has also been included in Netscribes’ CNC machine tools market in India report. Technology denial and its counter measures along with the fiscal measures needed for the development on the CNC machine tools market have been highlighted in this section.

The competition in CNC market section begins with the Porter’s Five Forces Analysis, illustrating the competitive rivalry, bargaining power of suppliers and buyers and threat of new entrants and substitutes. It outlays the competitive landscape of the CNC machine tools in India briefing about the domestic players existing in the market. The report also features brief profiles of major domestic and foreign players and a snapshot of their corporation, financial performance along with the key financial ratios, CNC market fiscal measures, business highlights and product portfolio with an insight into the existing competitive scenario.

The report concludes with a section on strategic recommendations which comprises of an analysis of the growth strategies of the CNC machine tools market in India.