Rise of the Machinery Industry

Machinery industry in India is the core around which all the industrial manufacturing takes place. This industry has exhibited its potential in meeting the big demand of both domestic as well as international market. In India, it forms the backbone of the production sector by supplying the needed equipment and machinery required to manufacture.

Machinery of several types is required for production. It depends upon the field in which these machines are used. It can be large, medium or small scale.

Machinery is vital to the operations of the food, textile, construction, oil & gas, pharmaceuticals, printing, paper, automotive, chemical, mining, various manufacturing, agricultural, utility, power generation, shipping, and transportation industries.

India is an emerging country for machinery industry

According to the International Monetary Fund, Industrial production in India is projected to grow 5.1% in 2014.

Expectation of policy improvements, rise in domestic and external demand, and better monsoon conditions are the main drivers of the country’s growth.

Let's read the various types of machinery used in various sectors:

Agriculture Machinery

Agricultural Machinery & Tools Industry has helped immensely in raising the productivity of land and labour. Some of the machinery used in this industry consists of tractors, irrigation equipment, power tillers and engines,greenhouse supplies & equipment, soil working equipment, processing machinery, milling equipment, crop protection machinery etc.

There are few government schemes which provide loans to farmers for buying farm machinery to increase their yield. Tractor industry is one of the major components of this sector.

Textile Machinery

Textile industry is considered as a pioneer industry in India. Manufacturing businesses are progressively making use of textile machinery to make the best goods and meet the growing demand of the global marketplace.

Textile machinery is basically used in the processing of textiles, fabrics and other woven & non woven materials. And also the huge demand of Indian textile goods in abroad have ensured that the use of the textile machinery has increased considerably. The industry includes spinning machine, winding machine, weaving machine, processing machine, textile testing instruments, synthetic fibre machine etc. The industry provides direct and indirect employment to over 250,000 people.

Construction Machinery

The construction industry that makes the most use of machinery on a big scale to meet the industry demands. The government is undertaking several developmental activities and as a result beginning on huge construction projects. More than $35 billion is marked for road and highway construction projects out of which 20% is for construction machinery.

It includes Cranes, Road Rollers, Loaders, Crawler, Excavator, Bulldozer, Motor Grader, Compactors, Backhoes and more.

Real estate and housing sector are also demanding huge investments for construction equipment for meeting their targets. It is expected that through 2020 about $10billion of construction machines will be required.

Must-known facts about the Machinery Industry

• Industrial Machinery Market Growth to Double in 2014
• Indian textile machinery makers eye l5% growth by 2014
• The global construction equipment market is estimated to make 145.5 billion U.S. Dollars by 2015
• Machines used for plowing and cultivation is expected to show a yearly growth rate in excess of 6.5% until 2017

Industrial Machinery

The industrial equipment manufacturing market is very competitive, with manufacturers seeking to expect demand to deliver products for reducing production time. As the economy observes a degree of recovery, the demand for industrial machinery will rise.

Investing in this industry would be good to go idea as there are innumerous business opportunities to choose from. However, this sector as a whole would need to adopt high end machineries that meets the end demand as well as offers economies of scale.

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