Machine Tools
MANAGERIAL ECONOMICS
-Prof. V P SARMA
TOPIC: MACHINE TOOLS
India stands 13th in the production and 6th in the consumption of machine tools in the world. The country is set to become a key player in the global machine tools industry with substantial increase in manufacturing of high end machine tools. The Indian machine tool industry has approximately 1000 units in production of machine tools, accessories/attachments, sub-systems and parts. Threefourth of machine tool producers in India are ISO certified. The market for machine tools can be segmented as shown in the chart:
Forming
CNC
Machine
Tools Conventional
Cutting Forming Cutting
Machine tools industry has been a significant component of industrial transformation in India. It has passed through many hindrances, but has managed to establish itself as a vital component of India’s industrialisation thrust. Machine tools include lathes, milling machines, shapers, grinders, hobbing machines, forging presses, sheet metal forming machinery, etc. Some of the advanced machine tools include a wide range of flexible manufacturing systems, robots, assembly lines, laser cutting machines, etc. The CNC segment of metal cutting and forming tools constitute a little less than half of the total production by value. In the past few decades there has been a shift from general purpose machine tools to CNC and other specialised machine tools. The economic slowdown in 2007-08 adversely affected the performance of machine tools industry after growing at an impressive CAGR of 25%, over the past few years, its output dropped by 20% in 2008-09.
Demand for Machine Tools in India
120 99.50 100 Demand in Rs (Billion) 82.70 80 60 40 20 0
Rs in Billion
111.30 90.20
84.20
84.00
72.90 52.14 57.60 64.50
2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 52.14 57.60 64.50 72.90 82.70 84.20 84.00 90.20 99.50 111.30
Years
Major players in the machine tools segment are: 1.
-Prof. V P SARMA
TOPIC: MACHINE TOOLS
India stands 13th in the production and 6th in the consumption of machine tools in the world. The country is set to become a key player in the global machine tools industry with substantial increase in manufacturing of high end machine tools. The Indian machine tool industry has approximately 1000 units in production of machine tools, accessories/attachments, sub-systems and parts. Threefourth of machine tool producers in India are ISO certified. The market for machine tools can be segmented as shown in the chart:
Forming
CNC
Machine
Tools Conventional
Cutting Forming Cutting
Machine tools industry has been a significant component of industrial transformation in India. It has passed through many hindrances, but has managed to establish itself as a vital component of India’s industrialisation thrust. Machine tools include lathes, milling machines, shapers, grinders, hobbing machines, forging presses, sheet metal forming machinery, etc. Some of the advanced machine tools include a wide range of flexible manufacturing systems, robots, assembly lines, laser cutting machines, etc. The CNC segment of metal cutting and forming tools constitute a little less than half of the total production by value. In the past few decades there has been a shift from general purpose machine tools to CNC and other specialised machine tools. The economic slowdown in 2007-08 adversely affected the performance of machine tools industry after growing at an impressive CAGR of 25%, over the past few years, its output dropped by 20% in 2008-09.
Demand for Machine Tools in India
120 99.50 100 Demand in Rs (Billion) 82.70 80 60 40 20 0
Rs in Billion
111.30 90.20
84.20
84.00
72.90 52.14 57.60 64.50
2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 52.14 57.60 64.50 72.90 82.70 84.20 84.00 90.20 99.50 111.30
Years
Major players in the machine tools segment are: 1.