Industry Scenario

IMEX Industrial Machinery Exhibition

Industry Scenario

The Welding industry in India worth INR 4,000 crore (US$ 588 mn.) out of which the Welding Consumables share is 71% and Welding Equipment is 29%.
  • Welding Consumables Market is expected to grow at a CAGR 10-11% over next five years from INR 2,800 cr (US$ 412 mn.) to INR 4,250 cr (US$ 625 mn.)
  • Welding Equipment Industry is expected to grow at a CAGR of 6-7% over the next five years from INR 1,150 cr (US$ 169 mn.) to INR 1,507 cr (US$ 221.5 mn.)

Increased FDI equity inflow in India has contributed to the rise in projects in Automotive, Offshore Activities, Oi l and Gas sector, Shipbuilding and Heavy Machinery Industries. Many foreign automobile companies have set up their manufacturing units in India. This has positively affected the rise of consumables and welding equipment.

  • The Indian Engineering sector has witnessed a remarkable growth over the last few years driven by increased investments in infrastructure and industrial production. The engineering sector, being closely associated with the manufacturing and infrastructure sectors, is of strategic importance to India's economy
  • India's manufacturing sector has the potential to touch US$ 1 trillion by 2025. There is potential for the sector to account for 25-30 per cent of the country's GDP. Business conditions in the Indian manufacturing sector continue to remain positive.
  • The Indian auto industry is one of the largest in the world. The industry accounts for 7.1%of the country's Gross Domestic Product (GDP).
  • The Indian Auto Component industry is expected to grow by 8-10 per cent in FY 2017-18, based on higher localisation by Original Equipment Manufacturers (OEM), higher component content per vehicle, and rising exports from India, as per ICRA Limited.
  • India needs Rs 31 trillion (US$ 454.83 billion) to be spent on infrastructure development over the next five years, with 70 per cent of funds needed for power, roads and urban infrastructure segments.
  • The Indian power sector itself has an investment potential of US$ 250 billion in the next 4-5 years, providing immense opportunities in power generation, distribution, transmission and equipment, according to Mr Piyush Goyal, Union minister of coal, power and renewable energy.
  • The Indian construction equipment industry is reviving after a gap of four years and is expected to grow to US$ 5 billion by FY2019-20 from current size of US$ 2.8 billion, according to a [email protected] released by the Indian Construction Equipment Manufacturers' Association (ICEMA).
  • Investments in India's oil and gas sector will likely touch Rs 2.5-3 trillion (US$ 37.28-44.73 billion) over the next few years, which will help raise the share of gas in the country's primary energy mix to 15 per cent by 2030, as per British multinational oil and gas company BP Group
  • India's analytics industry is expected to touch US$ 16 billion by 2025 from the current US$ 2 billion, as per the National Association of Software and Services Companies (Nasscom).
  • By 2025, India would rise from the twelfth to the fifth largest position in the consumer durables market in the world; the market is estimated to reach USD12.5 billion in 2016.
Weld India 2016