In 2023, the import of machine tools to bend, fold, shear, or press metal not numerically controlled to India stood at a value of 11.15 thousand units. From 2024 to 2028, the forecast shows a gradual decline from 11.1 to 10.9 thousand units. This represents a year-on-year decrease of approximately 0.45% from 2024 to 2025, and consistent annual reductions of about 0.45% through 2028. The Compound Annual Growth Rate (CAGR) for these five years is negative, indicating a slight downward trend.
Future trends to watch for include potential technological advancements that might affect demand, such as increased efficiency of numerically controlled tools, shifting economic conditions in India that might impact manufacturing needs, and possible trade policies influencing import behaviors.
