Forecast: Import of Automatic Electric Resistance Welding Equipment to India

In 2023, the import of automatic electric resistance welding equipment to India stood at 950.00 thousand kilograms. The forecast from 2024 to 2028 shows a steady increase, with volumes rising from 965.19 to 1006.9 thousand kilograms. The year-on-year growth rate begins with a slight increase in 2024 at around 1.58%, progressing to approximately 1.01% by 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 1.16%, indicating modest but consistent growth.

Future trends to watch for include:

  • The impact of technological advancements on welding processes, potentially reducing the demand for imports.
  • India's industrial policies and infrastructure development which may influence the quantity of imported equipment.
  • Shifts in global trade dynamics and their effect on import-export relationships.

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