In 2023, the import value of machine-tools for non-mechanical removal of material to India was USD 235.67 million. From 2024 to 2028, the forecasted import values show a steady increase, reaching USD 286.29 million by 2028. The year-on-year growth from 2024 to 2025 is 4.29%, and from 2025 to 2026 it is 4.03%. From 2026 to 2027, the growth rate is 3.80%, and from 2027 to 2028, it is 3.58%. The compound annual growth rate (CAGR) over the five-year period from 2024–2028 is approximately 3.95%.
Future trends to watch for:
- Technological advancements and innovation in machine-tools could influence import dynamics.
- Potential policy changes in trade regulations affecting India's import market.
- Increased demand driven by expansion in sectors such as manufacturing, aerospace, and automotive.