In 2023, India imported mixing and kneading machines for minerals, excluding bitumen, valued at an undisclosed amount. By 2024, this figure is forecasted to rise to 3.32 thousand units. The projected year-on-year growth rates for the subsequent years suggest consistent growth: 4.22% in 2025, 4.34% in 2026, 3.60% in 2027, and 3.74% in 2028. The compound annual growth rate (CAGR) over this five-year period suggests a steady expansion of around 3.73% annually.
Future trends to monitor:
- The impact of India's infrastructure and construction boom on the import demand for such machinery
- Technological advancements that could enhance machine efficiency and impact future import volumes
- Changes in government policy regarding import tariffs and local manufacturing incentives