In 2023, the import of gas-operated machinery for welding to India stood at 470.00 thousand. The forecasted data reveals a steady increase: 494.75k in 2024, 518.08k in 2025, 540.95k by 2026, 563.35k in 2027, and 585.31k by 2028. Year-on-year growth rates are 5.3% for 2024, 4.7% for 2025, 4.4% for 2026, 4.1% for 2027, and 3.9% for 2028, showing a slight downward trend in growth rate. The compounded annual growth rate (CAGR) from 2024 to 2028 is approximately 4.5%.
Future trends to watch for include potential impacts of advancements in welding technology and changes in India's industrial policies, which could alter import demand. Observing global supply chain dynamics and local production capabilities will also be crucial in predicting future import trends.
