Connect with us

Technology

India’s Machine Tool Market to Grow by USD 2.78 Billion (2024-2028), with AI-Driven Insights on Rising Industrial Automation Boosting Revenue – Technavio

Published

on

NEW YORK, Oct. 4, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Machine Tool Market in India  size is estimated to grow by USD 2.78 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 11.89%  during the forecast period. Rising industrial automation in India is driving market growth, with a trend towards adoption of 3D printing technology. However, fluctuations in raw material prices used in machine tools production  poses a challenge – Key market players include Accusharp Cutting Tools Pvt. Ltd., Ace Multi Axes Systems Ltd., Ahire Machine Tools, Ajinkya Industries, Alex Machine Tools Pvt. Ltd., Bharat Fritz Werner Ltd., Bhavya Machine Tools, Birla Precision Technologies Ltd., DMG MORI Co. Ltd., Gamut Machine Tools, Geeta Machine Tools Pvt. Ltd., General Machine Tools, HMT Ltd., ITL Industries Ltd, Jyoti CNC Automation Ltd., Lakshmi Machine Works Ltd., Lokesh Machines Ltd., Makino Milling Machine Co. Ltd., Okuma Corp., and Om International Machine Tools.

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (CNC machine tools and Conventional machine tools), Type (Metal cutting machines and Metal forming machines), and Geography (APAC)

Region Covered

India

Key companies profiled

Accusharp Cutting Tools Pvt. Ltd., Ace Multi Axes Systems Ltd., Ahire Machine Tools, Ajinkya Industries, Alex Machine Tools Pvt. Ltd., Bharat Fritz Werner Ltd., Bhavya Machine Tools, Birla Precision Technologies Ltd., DMG MORI Co. Ltd., Gamut Machine Tools, Geeta Machine Tools Pvt. Ltd., General Machine Tools, HMT Ltd., ITL Industries Ltd, Jyoti CNC Automation Ltd., Lakshmi Machine Works Ltd., Lokesh Machines Ltd., Makino Milling Machine Co. Ltd., Okuma Corp., and Om International Machine Tools

Key Market Trends Fueling Growth

The machine tool market in India is witnessing a notable trend towards the adoption of additive manufacturing, or 3D printing, technology. This technology offers several advantages, including lower manufacturing costs, faster production, ease of upgrades, low energy consumption, and reduced waste. International machine tool manufacturers are increasingly incorporating 3D printing technology into their offerings. In June 2023, IIT engineers introduced a metal 3D printer using Directed Energy Deposition (DED) technology. The ability to meet customer specification requirements is another significant factor driving the adoption of 3D printing in machine tools. Technavio predicts that prominent market vendors will focus on developing this technology further during the forecast period. The advancements in 3D printing are expected to significantly contribute to the growth of the machine tool market in India. 

The Indian machine tool market is witnessing significant growth, driven by trends in turning machines, electrical discharge machining, grinding machines, drilling machines, and eco-friendly coolants. Automation, advanced manufacturing processes, multi-axis arms, and robotics are also gaining popularity. Downtime reduction is a key focus, with electric vehicles and automotive components leading the way. Eco-friendly practices, artificial intelligence, and the Internet of Things are transforming manufacturing. Aerospace, precision manufacturing, 3D printing, CAD, and CAM are also thriving. Foreign direct investment in advanced machining techniques, high precision manufacturing processes, and integrated systems is increasing. Sustainable manufacturing, electrification, and high-quality components are essential for the future. Metal cutting and forming, 5-axis CNC milling, mechanical engineering, and metalworking continue to be core sectors. The market is poised for growth in sectors like aerospace, aircraft manufacturing, and semiconductor manufacturing. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The machine tool market in India is significantly influenced by the price fluctuations of its major raw material, steel. The Russian-Ukrainian crisis and subsequent increase in steel prices have impacted the industry, with Russia being the second-highest exporter of semi-finished steel to India. The price volatility of base iron ore, a primary component of steel, also affects the market. In 2020, the pandemic led to a negative impact on raw material prices due to disrupted supply chains and lockdowns. However, in 2021, the resumption of supply chain operations and large-scale vaccination drives led to a decrease in raw material prices. Despite these fluctuations, the increasing competition among raw material suppliers due to the expansion of production facilities in various end-user industries compels them to pass on price increases to downstream industries, including machine tool manufacturers. These uncertainties in raw material procurement plans may hamper the growth of the machine tool market in India during the forecast period.The Indian machine tool market is witnessing significant growth due to increasing demand for precision manufacturing in sectors like aerospace, automotive, and electronics. Challenges include adopting advanced machining techniques such as 3D printing, Computer-Aided Design (CAD), and Computer-Aided Manufacturing (CAM). Digital transformation through Computerized Numerical Control (CNC) and smart manufacturing is crucial. Aircraft manufacturing and metal & mining require high-quality components, driving investment in advanced machine tools. Precision engineering, customization, and real-time monitoring are essential for sustainable manufacturing. Foreign direct investment in India’s manufacturing sector is expected to boost the market, with trends like electrification, adaptive control, and integrated systems shaping the future. CNC lathes, routers, and milling machines are popular choices for mechanical engineering and metalworking industries. Standardization through MTConnect and smart factories ensure efficient production and customization. Semiconductor manufacturing and manufactured goods also benefit from high-precision components and digital technologies.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This machine tool market in India report extensively covers market segmentation by

Technology 1.1 CNC machine tools1.2 Conventional machine toolsType 2.1 Metal cutting machines2.2 Metal forming machinesGeography 3.1 APAC

1.1 CNC machine tools-  In India’s manufacturing sector, the demand for machine tools is on the rise, with a particular focus on Computer Numerical Control (CNC) machines. Manufacturers are prioritizing productivity and reliability, leading to the integration of industrial automation. CNC machines offer additional flexibility and computational capabilities compared to conventional tools. These advanced metalworking machines are used in various applications, including lathes, mills, lasers, abrasives, punches, presses, and more. CNC milling tools are commonly used in the automotive industry for manufacturing components such as transmissions, gearbox cases, engine cylinder heads, flywheels, wheels, pistons, and fuel injectors. Traditional lathe solutions, like vertical turning lathes, are also utilized for heavy-duty cutting in brake disc applications. The increasing production requirements and competition among manufacturers are driving the adoption of CNC machines in India. Key vendors in the market, like Lakshmi Machine Works Ltd., are introducing new products, such as the Smart Minimaster, an ultra-compact CNC lathe, to expand their market share. Automated machine tools, such as CNC machines, increase throughput and lower cycle times, ensuring product quality and consistency. Manufacturers are adopting various CNC machines, including grinding machines and vertical or horizontal machining centers, to manufacture components at higher production rates. This trend is expected to fuel the growth of the CNC machine tools segment of the machine tool market in India during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Machine Tool Market in India is witnessing significant growth due to the increasing demand for manufactured goods and the production of advanced machine tools. Precision is a key factor in the Indian machine tool industry, with a focus on customization and the production of high-precision components. Multi-axis arms, robotics, and computerized numerical control (CNC) machines are popular technologies used in the industry. Downtime is a critical concern for machine tool manufacturers, leading to the adoption of smart manufacturing, integrated systems, and artificial intelligence. The Indian machine tool industry is also leveraging the Internet of Things (IoT) and electrification to improve efficiency and productivity. The market for machine tools in India is diverse, catering to various industries such as automotive components, electric vehicles, aerospace, precision manufacturing, metal & mining, and high-quality components. The adoption of sustainable manufacturing practices is also gaining momentum in the industry, making it an exciting space to watch.

Market Research Overview

The Machine Tool Market in India is witnessing significant growth due to the increasing demand for manufactured goods that require high-precision components. Advanced machine tools, such as CNC lathes, milling machines, turning machines, drilling machines, grinding machines, and electrical discharge machining, are in high demand for producing components with utmost precision. Digital technologies like Computer Numerical Control (CNC), real-time monitoring, adaptive control, and MTConnect are transforming traditional machine tools into smart manufacturing systems. The market is also witnessing the adoption of digital technologies like artificial intelligence, Internet of Things, and automation, leading to the development of smart factories. The market caters to various industries, including automotive, aerospace, metal & mining, and electronics, among others. Eco-friendly coolants and sustainable manufacturing practices are gaining popularity to reduce the carbon footprint. The market is expected to witness significant growth due to foreign direct investment, advanced manufacturing processes, and the increasing demand for high-quality components in various sectors.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyCNC Machine ToolsConventional Machine ToolsTypeMetal Cutting MachinesMetal Forming MachinesGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/indias-machine-tool-market-to-grow-by-usd-2-78-billion-2024-2028-with-ai-driven-insights-on-rising-industrial-automation-boosting-revenue—technavio-302267145.html

SOURCE Technavio

Continue Reading

Technology

LexisNexis Coplogic Solutions Introduces Field Clarity for LexisNexis® Desk Officer Reporting System (DORS) at IACP 2026

Published

on

By

A new, modern DORS and Field Clarity, the First AI-Guided Smartphone Video Assistant, Enhances Community Experience and Helps Improve Evidence, Case Building

ORLANDO, Fla., Oct. 25, 2026 /PRNewswire/ — LexisNexis® Coplogic™ Solutions today announced its modernized LexisNexis® Desk Officer Reporting System (DORS) community online reporting solution and the addition of DORS with Field Clarity, an AI-guided video assistant designed to improve field documentation accuracy and enable faster resolution by law enforcement agencies (LEAs). Field Clarity is designed to help community members submit reports to their local LEAs using DORS via intuitive step-by-step instructions. A hands-on experience for DORS with Field Clarity will be available for demonstration during the 2026 International Association of Chiefs of Police (IACP) annual conference.

“Agencies generally look to strategic partners like us not just for technology, but also for relief, reinforcement, and credibility across three tightly connected challenges: public expectation, workforce strain and digital evidence overload,” said Jason LaRue, associate vice president, LexisNexis Coplogic Solutions. “Our modernized LexisNexis Desk Officer Reporting System (DORS) helps agencies improve officer safety along with community member experiences. Field Clarity strengthens video evidence quality and digital evidence management to reduce friction and alleviate strain on a challenged workforce.”

Key Highlights
Integrated into LexisNexis® Desk Officer Reporting System (DORS), Field Clarity is the first AI-Guided video assistant for community member online reporting that:

Transforms data capture from passive intake into intelligent, guided capture to help create more positive officer and civilian mobile-first experiencesDrives more accurate field documentation, evidence and case building to help with faster resolution and enhanced public safetyBenefits civilians submitting reports with intuitive, step-by-step instructions, almost like having a digital assistant with them in real timeBenefits officers by bringing video, photos and scanned data together for a clearer picture of an event without the need to track down additional details

How the DORS with Field Clarity Solution Works
DORS allows each law enforcement agency to collect information directly from civilians on more than 200 incident types based on the needs of their community. DORS and Field Clarity make the filing of an online report experience easier by guiding users intuitively through each step of the process on their smartphone device, similar to having a personal digital assistant. Instead of asking a driver, for example, to fill out forms and guess what’s needed, the Field Clarity conversational interface prompts them to scan their driver’s license, capture a VIN or record a short walkaround video explaining what happened during the incident, all while capturing the data necessary to complete the report.

For civilians, being able to easily film on-scene evidence means less confusion and need for reentries or follow-up by the sworn officer responsible for approving reports. For officers, the benefits include cleaner, more complete accident reports and less time spent requesting and gathering additional details. With reports fed directly into the agency’s Record Management System (RMS), law enforcement also benefits from more efficient workflows and stronger documented cases for their investigators. DORS is used by nearly 600 agencies in North America, saving agencies approximately 900,000 personnel hours and $90 million annually*

“Trust in law enforcement is built one interaction at a time. Every opportunity for a community member to engage with their police department matters, including something as routine as filing a report,” said Sarah E. Connolly, co-founder of Guardian Communications, FBI-LEEDA instructor and retired Baltimore Police lieutenant and PIO. “When technology makes that process easier, improves the quality of information collected and supports a more responsive agency, it has the potential to do more than improve efficiency. It can help strengthen the relationship between law enforcement and the communities they serve.”

LexisNexis Coplogic Solutions delivers solutions and capabilities that can create a clearer line of sight from the field to law enforcement leadership, strengthening the connection between daily operations, workforce support, data management and community trust. DORS with Field Clarity is available through LexisNexis® Command Center, a single access point to the LexisNexis Coplogic Solutions data and analytics solutions suite, including LexisNexis®  BuyCrash®, LexisNexis® eCrash and LexisNexis® eCitation solutions. Coplogic Solutions also offers Unified Performance Dashboards for crash and citation mapping and illustrated visualizations, which connect field data with contextual insight in a single, coherent view – so law enforcement leaders can better understand and more confidently explain to their communities not just what is happening in near-real time, but also why. 

To speak with Coplogic law enforcement experts about LexisNexis Desk Officer Reporting System (DORS) with Field Clarity and experience the solution firsthand, visit LexisNexis Coplogic Solutions at IACP Booth #941, October 24 – 27, 2026 in Orlando, Florida. To learn more, check out this video: LexisNexis® Desk Officer Reporting System (DORS).

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency. Headquartered in metro Atlanta, Georgia, the company has offices throughout the world, serves customers in more than 190 countries and territories and is part of RELX. For more information, please visit LexisNexis Risk Solutions.

About LexisNexis Coplogic Solutions
LexisNexis® Coplogic™ Solutions is committed to meeting law enforcement agencies where they are on the road to saving more lives and helping take them where they want to be by delivering an innovative full suite of data sophistication solutions to create workflow efficiencies while delivering world-class crash and citation data and analytics visualizations through advanced technology. Our proven solutions, developed by and specifically for law enforcement, can help agencies operate more effectively, increase services to their communities and improve traffic and overall public safety through electronic, mobile-first authoring capabilities, web-based eCommerce solutions, analytics and more. For more information, please visit risk.lexisnexis.com/Coplogic.

Media Contacts: 
Chaz Abbott
LexisNexis Risk Solutions
chaz.abbott@lexisnexisrisk.com
+1 949.922.1167

*Based on a 2025 LexisNexis Coplogic Solutions internal study

View original content to download multimedia:https://www.prnewswire.com/news-releases/lexisnexis-coplogic-solutions-introduces-field-clarity-for-lexisnexis-desk-officer-reporting-system-dors-at-iacp-2026-302918694.html

SOURCE LexisNexis Risk Solutions

Continue Reading

Technology

World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang

Published

on

By

WENZHOU, China, Oct. 25, 2026 /PRNewswire/ — A news report from China Daily:

On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.

With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.

Delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.

This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.

In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/world-young-scientist-summit-2026-opens-in-wenzhou-zhejiang-302918767.html

SOURCE China Daily

Continue Reading

Technology

Monster Energy and Call of Duty® Take Over Cosm Los Angeles for Immersive Modern Warfare® 4 Launch Celebration

Published

on

By

Celebrities, athletes and creators came together for an action-packed night of gaming, immersive entertainment and exclusive experiences on Cosm’s massive Shared Reality Display. 

INGLEWOOD, Calif., Oct. 25, 2026 /PRNewswire/ — Monster Energy transformed Cosm Los Angeles into the ultimate gamer’s destination on Friday night as fans came together to celebrate the highly anticipated launch of Call of Duty®: Modern Warfare® 4 at an immersive event fueled by Monster Energy.

Set against Cosm’s spectacular 87-foot-diameter, 12K+ LED dome, the Monster Energy x Call of Duty celebration brought the action of one of gaming’s most anticipated franchises into the real world. Guests experienced live gameplay, special celebrity appearances, interactive activations, and real-life displays inspired by the game, including the Monster Energy Operator Skin, alongside a lineup of Polaris vehicles including the DAGOR, which is playable in Modern Warfare 4 – all in an electrifying atmosphere that blurred the lines between gaming and reality.

The event drew a guest list spanning entertainment, sports and gaming, including actors O’Shea Jackson Jr., Trevor Jackson and Khleo Thomas, who arrived by Slingshot, rapper Symba, social media star Lin Lamar (Pinkchyu), and Monster Energy UFC fighters Johnny Walker and Jalin Turner.

Guests lined up around the block for a jam-packed program, featuring a live edition of The Flank, hosted by ZooMaa and Ben Nissim, including an interview with Infinity Ward developer Jacky Reynolds and the reveal of the CDL Launch Invitational groups. Fans also got a closer look at Modern Warfare 4’s DMZ mode during a gameplay showcase led by Infinity Ward game designer Roman Spazafumo.

The gaming action continued with artists, athletes and gaming creators, including Jericho, Jaybroski, Tyler Rizzi, Johnny Walker and LAFC’s Denis Bouanga, facing off in two-versus-two matchups, while fans tested their own skills in king-of-the-hill rounds. Monster Energy’s skate team also took to the virtual battlefield, swapping their boards for controllers, with Ishod Wair, Filipe Mota and Elliot Sloan going head-to-head in a Modern Warfare 4 showdown.

“With Call of Duty, we’re always looking for ways to push the experience beyond the screen,” said Jordi Gayola, CMO of the Americas at Monster Energy. “Bringing this launch to Cosm gave us an incredible opportunity to put fans, athletes and creators right in the middle of the action. It’s about bringing our worlds together and creating the kind of unforgettable experience that only Monster Energy can deliver.”

Beyond the main gameplay, fans enjoyed exclusive merchandise giveaways and immersive experiences, while the Modern Warfare 4-themed experience extended to the menu, which featured Korean-inspired dishes including kimchi mandu, Korean corn cheese nachos, and gochujang-glazed wings, alongside complimentary Monster Energy throughout the venue.

The launch also spotlighted Monster Energy’s ongoing Call of Duty promotional partnership, running through March 31, 2027. Fans can earn 15 minutes of Double XP per qualifying Monster Energy Original Green, Zero Sugar or Zero Ultra can, alongside exclusive in-game rewards, including a Large Decal, two weapon blueprints and two Operator Skins unlocked across the first five cans. The collaboration also extends beyond the game through four Monster Energy x Polaris vehicle sweepstakes at participating 7-Eleven, Hy-Vee, QuikTrip and RTG stores, with entry via retailer-specific QR codes in-store.

For more information on the Monster Energy x Call of Duty partnership, promotion and rewards, visit callofduty.monsterenergy.com.

Images from the Monster Energy Call of Duty®: Modern Warfare® 4 Launch Day are available HERE. 

Photo Credit: Randy Shropshire/Getty Images for Monster Energy.

About Monster Energy
Based in Corona, California, Monster Energy is a leading marketer of energy drinks and alternative beverages. Known for its connection to action sports, motorsports, music, gaming and athletes around the world, Monster Energy fuels the passions of its fans through products, partnerships and experiences that bring communities together. For more information, visit MonsterEnergy.com.

Media Contact:
press@monsterenergy.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/monster-energy-and-call-of-duty-take-over-cosm-los-angeles-for-immersive-modern-warfare-4-launch-celebration-302918764.html

SOURCE Monster Energy

Continue Reading

Trending