In 2023, the import value of non-numerically controlled surface grinders to India stood at an undisclosed baseline, from which a forecast of steady year-on-year growth is anticipated. The increment in value from 2024 through 2028 demonstrates a consistent upward trajectory. The annual growth rate begins at approximately 2.22% between 2024 and 2025, rising to around 1.95% by 2028. This steady increase reflects a strong and growing demand for these machines in the Indian market.
Future trends to watch for:
- The impact of technological advancements in manufacturing might affect the demand for conventional grinders.
- Government policies on import duties could influence future import values.
- The integration of Industry 4.0 technologies could spur a shift towards numerically controlled alternatives.