The market is dominated by foreign suppliers, as imports account for 82.7% of total market size in 2023. B2B drives market demand, with B2B spending representing 96.4% of total demand in 2023. India has the second largest market size for machinery for textile and apparel production regionally, with demand reaching USD5.7 billion in 2023. Lakshmi Machine Works Ltd is the largest company in India, generating 14.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 43.2% of total production value in 2023. The total number of companies decreases in 2023, to 42,869 units. The costs of the industry decrease by 0.3% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 5.8% of production value in 2023, the 15th highest regionally. The industry’s exports share increases in 2023 to 59.8% of total production output. With production value of USD2.5 billion, India accounts for 7.3% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Textile and Apparel Production in India: ISIC 2926. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Textile and Apparel Production in India: ISIC 2926 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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