인도 전선 절단기 시장 규모는 2025-2032년의 예측 기간 동안 10.80%의 연평균 복합 성장률(CAGR)로 확대될 것으로 예측되며, 2024년 1억 9,828만 달러에서 2032년에는 4억 5,050만 달러로 성장할 전망입니다. 이 지역 시장은 인도의 장비 제조 부문 확대와 자동차 관련 기업의 신규 진입을 통해 견실한 성장률로 번창하고 있습니다.
인도는 제조장치에 자동화 툴의 도입과 함께 산업용 장치·기계의 잠재적인 시장이 되고 있습니다. 정부는 면세제도, 보조금, 보조금을 통해 자동차 생산과 설비 제조 강화에 주력하고 있습니다. 자동차, 항공우주, 일렉트로닉스 등의 분야에서의 산업 자동화 이용 증가는 시장 성장을 가속할 것으로 예상됩니다. 기술의 진보와 정밀 공학이 시장 성장을 변화시킬 것으로 예상됩니다. EDM 기술의 지속적인 발전으로 인해 시장이 확대되고 있으며, 이는 표면 품질, 절단 속도 및 정밀도 향상을 포함합니다. 이러한 개발로 생산자는 생산량을 늘리고 리드 타임을 단축할 수 있어 전선 절단기의 인기가 높아지고 있습니다.
자율주행차의 보급, 전기자동차의 출현, COVID-19 후의 의료기기 수요 증가가 기기 제조와 전선 절단기 수요를 촉진하고 있습니다. 인도 정부는 원산업자와 해당 산업을 지원하고 있으며, 지역 시장의 견인역이 되고 있습니다. 2024년 4월 중공업부는 상대방 상표 제품 제조업체(OEM)에게 100일 계획에 포함할 수 있는 포인트를 제공하도록 제안했습니다. 야심찬 오토모티브 미션 플랜(AMP) 2047은 2024년 9월에 발표될 가능성이 높다고 여겨지고 있습니다.
시장의 급성장은 방전가공기(EDM) 기술의 지속적인 향상으로 인해 표면 품질 향상, 절단 시간 단축, 정확한 가공을 실현하고 있습니다. 이러한 개발로 인한 생산성 향상과 생산 시간 단축은 인도에서 전선 커팅 머신의 매출을 늘리고 있습니다. 항공우주 및 의료 분야에서는 매우 복잡하고 정밀한 기계 부품에 대한 수요가 증가하고 있습니다. 이러한 복잡한 부품을 생산하려면 시장 수요를 유발하는 전선 절단기가 필요합니다.
이 보고서는 인도의 전선 커팅 머신 시장을 조사했으며, 시장 개요와 함께 기능별, 용도별, 판매 채널별, 지역별 동향 및 시장 진출기업프로파일 등의 정보를 제공합니다.
India wire cutting machine market is projected to witness a CAGR of 10.80% during the forecast period FY2025-FY2032, growing from USD 198.28 million in FY2024 to USD 450.50 million in FY2032. The regional market thrives at a healthy growth rate due to the expanding Indian equipment manufacturing sector and the addition of new automotive companies.
India has become a potential market for industrial equipment and machinery, along with the deployment of automated tools in the manufacturing units. The government focuses on enhancing automotive production and equipment manufacturing through tax exemption schemes, grants, and subsidies. Increased usage of industrial automation in sectors such as automotive, aerospace, and electronics is anticipated to fuel market growth. Technological advancements and precision engineering are expected to transform market growth. The market is expanding as a result of ongoing advancements in EDM technology, which include improved surface quality, cutting speeds, and precision. Due to these developments, producers can increase output and shorten lead times, which increases the popularity of wire cutting equipment.
The higher adoption of autonomous vehicles, the advent of electric vehicles, and the higher demand for medical equipment post-COVID-19 have fueled the demand for equipment manufacturing and wire cutting machines. The government of India is supporting native manufacturers and applicable industries, helping the regional market to gain traction. In April 2024, the Ministry of Heavy Industries proposed that original equipment manufacturers (OEMs) give points that can be included in the 100-day plan. The ambitious Automotive Mission Plan (AMP) 2047 is likely to be announced in September 2024.
Continuous Technological Advancements and Government Support to Fuel Market Growth
The rapid market expansion is a result of continuously enhancing electric discharge machine (EDM) technology, which comprises improved surface quality, fast cutting duration, and precise operations. The increased productivity and shorter production times made possible by these developments increase the sales of wire cutting machines in India. In sectors like aerospace and medicine, there is a growing demand for extremely complicated and precise machine parts. Producing these complex components requires wire cutting machines to fuel market demand.
The primary goal of the government's Make in India campaign is to encourage domestic production and reduce reliance on imports. The demand for wire cutting machines is increased through policy, which encourages businesses to establish manufacturing operations in India. Launched in 2021 by the Ministry of Electronics and Information Technology, Production-Linked Incentives (PLI) is continuing to support local businesses. In the list of 14 large sector, it supports through the inceptives, the medical equipment and automobiles, and auto components manufacturing holding a major place. The scheme has been successful till now as the investments have increased over the years through the PLI scheme.
For instance, in July 2023, the Economic Survey 2023-24 presented in the Indian Parliament explained the Production Linked Incentive (PLI) scheme for the automobile and auto components sectors, garnering proposed investments of USD 8 million.
Business Ease, Technological Advancements, and Automation to Fuel the India Market
The international manufacturing machinery giants are investing in a potential market like India. However, ease of doing business in India was one of the goals of the Indian government. India's rank in the DBR improved from 142nd in 2014 to 63rd in 2019, registering a jump of 79 ranks in a span of 5 years. Taiwan's AccuteX Co. Ltd. and United States' Phillips Corp. are some examples companies operating in India that deliver automatic and semi-automatic wire cutting EDMs. One important factor is the increase in industrial automation in several industries, including the automotive, aerospace, electronics, and medical tools sectors. Due to its accuracy and efficiency, EDM (Electrical Discharge Machining) technology is used by businesses to fit with the automation trends in production processes.
For instance, in September 2023, AccuteX Technologies Co., Ltd. displayed its groundbreaking wire cutting innovation with the launch of AZ-600 A at EMO Hannover 2023. The machine is based on EtherCAT (Ethernet for Control Automation Technology) and is equipped with advanced speeding, linear motor structure, and cutting-edge E-circuit technology. As a result, it gives industrial automation the strength and flexibility of Ethernet.
Contactless Operations and Demand for Higher Accuracy to Fuel Automatic Segmental Growth
Indian market for wire cutting machines has seen an aggressive expansion of automatic wire cutting machines due to the era of automation and Internet of Things-enabled machine operations. The main drivers of segmental growth are the introduction of new technologies, the use of automated solutions by industries such as transportation, medical equipment, and automotive, and government initiatives to promote automated technology. Compared to semi-automated wire cutters, automatic wire cutting machines are superior. Robotic wire trimmers reduce labor time by quickly identifying, disconnecting, and slicing cables in accordance with specifications. More productive equipment can process many components at once, whereas smaller devices are limited to operating on a single wire at a time. The steps towards full autonomy in various types of manufacturing, automatic wire cutting machines are expected to hold the market growth.
For instance, in April 2024, At the TAGMA Die Mold Exhibition in Mumbai, India, Sodick Technologies India Private Limited (Sodick Co. Ltd.) unveiled its most recent wire cut electrical discharge machine, which has i-Groove technology. By analyzing the cutting program, CNC determines the wire's rotational direction automatically (clockwise or counterclockwise) based on the offset side. Applications for the machine include sectors like aerospace, automotive, medical, and electrical.
Future Market Scenario (FY2025 - FY2032)
India is becoming the hub of manufacturing, assembling, and shipping industries. The market for wire cutting is anticipated to propel growth during the forecast period.
Higher demand for medical equipment and automotive components is projected to garner market expansion in India.
Supportive government policies, such as advanced production-linked incentives, are helping India wire cutting machine companies to flourish.
Rapid technological advancements in the electric discharge machining technology along with automation and IoT deployment in manufacturing units are expected to increase the productivity.
Key Players Landscape and Outlook
Key participants in the India wire cutting machine market adopt different strategies to expand in the market. Collaborations, participation, product launches, and high-end market research are some of the leading strategies that the Indian wire cutting machine manufacturers adopt. Furthermore, companies adopt foreign technologies to deliver higher precision and productivity.
In May 2022, Seibu Electric & Machinery Co., Ltd. selected Sparkonix Pvt. Ltd. to be its sales and service agent in India for its line of ultra-precision CNC Wire Cut EDMs. With a robust national network of sales and service, Sparkonix is prepared to provide all the assistance needed to acquire Seibu's high-precision CNC Wire Cut EDMs.
In February 2024, FANUC Corporation took part in TAGMA India's much-awaited DIE & MOULD INDIA 2024 exhibition. Using this platform, FANUC India hopes to highlight its cutting-edge industrial automation products designed specifically for the die mold sector.
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Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.