In 2023, the import of pneumatic type tools for working in the hand not rotary to India stood at 432.00 thousand kilograms. The forecasted data for 2024 to 2028 indicates a steady increase in imports, with minor year-on-year variations of about 1.33% to 1.40%. The compound annual growth rate (CAGR) for the 5-year period from 2023 to 2028 is expected to be around 1.35%, reflecting a modest but consistent growth rate.
Future trends to watch for include:
- Technological advancements and innovations in pneumatic tools, which may influence import volumes.
- Fluctuations in global trade policies and economic conditions affecting supply chains.
- Growing demand from industries such as automotive and construction, driving increased imports.