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India Cutting Equipment Market

ID: MRFR/Equip/46812-HCR
128 Pages
Snehal Singh
October 2025

India Cutting Equipment Market Research Report By Cutting Technology (Plasma, Laser, Waterjet, Carbon- arc) andBy End User (Automotive, Metal Fabrication, Construction, Aerospace and Defense, Shipbuilding, Others)- Forecast to 2035

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India Cutting Equipment Market Summary

As per MRFR analysis, the India cutting equipment market Size was estimated at 472.68 USD Million in 2024. The India cutting equipment market is projected to grow from 517.58 USD Million in 2025 to 1283.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 9.5% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The India cutting equipment market is poised for substantial growth driven by technological advancements and increasing demand across various sectors.

  • Technological advancements are enhancing the efficiency and precision of cutting equipment, making them more appealing to manufacturers.
  • The sustainability focus is prompting companies to adopt eco-friendly cutting solutions, aligning with global environmental standards.
  • Automation integration is transforming the cutting equipment landscape, leading to increased productivity and reduced labor costs.
  • Rising demand in the manufacturing sector and government initiatives are key drivers propelling market growth, particularly in the construction and infrastructure segments.

Market Size & Forecast

2024 Market Size 472.68 (USD Million)
2035 Market Size 1283.0 (USD Million)
CAGR (2025 - 2035) 9.5%

Major Players

Bosch (DE), Makita (JP), DeWalt (US), Hilti (LI), Milwaukee (US), Festool (DE), Hitachi (JP), Klein Tools (US)

India Cutting Equipment Market Trends

The market is currently experiencing a dynamic phase characterized by technological advancements and increasing demand across various sectors. The rise in manufacturing activities, particularly in automotive and construction, appears to be driving the need for efficient cutting solutions. Innovations in laser and plasma cutting technologies are likely enhancing precision and reducing operational costs, which may attract more businesses to invest in modern equipment. Furthermore, the emphasis on sustainability and energy efficiency is prompting manufacturers to develop eco-friendly cutting solutions, aligning with broader environmental goals. In addition, the market seems to be influenced by the growing trend of automation. As industries seek to improve productivity, automated cutting systems are becoming more prevalent. This shift not only streamlines operations but also minimizes human error, thereby increasing overall efficiency. The integration of smart technologies, such as IoT and AI, is also expected to play a crucial role in shaping the future of the cutting equipment market, providing real-time data and analytics for better decision-making. Overall, the landscape appears promising, with various factors contributing to the evolution of cutting technologies and their applications across different industries.

Technological Advancements

Recent innovations in cutting technologies, such as laser and plasma systems, are enhancing precision and efficiency. These advancements are likely to attract more industries seeking to optimize their production processes.

Sustainability Focus

The increasing emphasis on eco-friendly practices is driving the development of sustainable cutting solutions. Manufacturers are exploring energy-efficient technologies to align with environmental goals.

Automation Integration

The trend towards automation in manufacturing is influencing the cutting equipment market. Automated systems are becoming more common, improving productivity and reducing human error in operations.

India Cutting Equipment Market Drivers

Emergence of Advanced Materials

The cutting equipment market is being influenced by the emergence of advanced materials such as composites and high-strength alloys. These materials, which are increasingly used in industries like aerospace and automotive, require specialized cutting tools that can handle their unique properties. As manufacturers adapt to these changes, there is a growing demand for cutting equipment that can deliver precision and efficiency. The market for cutting tools designed for advanced materials is projected to grow by 12% annually, indicating a shift towards more sophisticated cutting technologies. This trend suggests that the cutting equipment market must evolve to meet the challenges posed by these new materials.

Government Initiatives and Policies

The Indian government has implemented various initiatives aimed at boosting the manufacturing sector, which in turn supports the cutting equipment market. Programs such as 'Make in India' and 'Atmanirbhar Bharat' encourage local production and innovation. These initiatives have led to increased investments in manufacturing infrastructure, which is projected to grow by 15% over the next five years. As a result, there is a growing need for cutting equipment that can cater to diverse industrial applications. The government's focus on enhancing ease of doing business and promoting foreign investments further stimulates the demand for advanced cutting technologies, thereby benefiting the cutting equipment market.

Rising Demand in Manufacturing Sector

The manufacturing sector in India is experiencing robust growth, which is likely to drive the cutting equipment market. As per recent data, the manufacturing output has increased by approximately 10% annually, leading to heightened demand for precision cutting tools. Industries such as automotive, aerospace, and electronics are expanding, necessitating advanced cutting solutions to enhance productivity and efficiency. This trend indicates a shift towards high-performance cutting equipment that can meet the rigorous demands of modern manufacturing processes. Consequently, manufacturers are investing in state-of-the-art cutting technologies to maintain competitive advantage, thereby propelling the cutting equipment market forward.

Increased Focus on Safety and Ergonomics

Safety and ergonomics are becoming paramount in the cutting equipment market, particularly in India, where workplace safety regulations are tightening. Companies are increasingly prioritizing the well-being of their workforce, leading to a demand for cutting tools that are not only efficient but also safe to use. Innovations in design that enhance user comfort and reduce the risk of accidents are gaining traction. This focus on safety is likely to drive the development of cutting equipment that incorporates advanced safety features, thereby expanding the market. As organizations strive to comply with safety standards, the cutting equipment market is expected to benefit from this heightened awareness.

Growth of Construction and Infrastructure Projects

India's construction and infrastructure sectors are witnessing unprecedented growth, which is likely to have a positive impact on the cutting equipment market. With the government's commitment to infrastructure development, investments in this sector are expected to reach $1 trillion by 2025. This surge in construction activities necessitates the use of cutting equipment for various applications, including metal cutting, concrete cutting, and road construction. The demand for efficient and durable cutting tools is increasing as contractors seek to optimize project timelines and reduce costs. Therefore, the expansion of infrastructure projects is a key driver for the cutting equipment market.

Market Segment Insights

By Cutting Technology: Plasma (Largest) vs. Laser (Fastest-Growing)

In the cutting equipment market, Plasma technology holds the largest share, attributed to its efficiency and versatility across various applications. Laser technology is emerging as a significant contender, showing rapid acceptance in industries requiring precision cutting. The market shares reflect the varying preferences of manufacturers, signaling a shift towards more technologically advanced solutions in the sector. Growth trends indicate that the laser segment is gaining momentum due to innovations in laser cutting techniques and increasing demand for intricate designs in manufacturing. Plasma technology, while dominant, is witnessing competition as costs decrease for laser equipment. This dynamic landscape reveals a transition in the market driven by technological advancements and changing industry needs.

Technology: Plasma (Dominant) vs. Laser (Emerging)

Plasma technology, known for its robust cutting capabilities, dominates the market due to its ability to cut through thick materials efficiently. It is widely used in heavy industries such as automotive and metal fabrication. In contrast, Laser technology is emerging rapidly, favored for its precision and ability to produce intricate cuts with minimal material wastage. As businesses increasingly lean towards automation and smart manufacturing, the growing trends in laser technology adoption signify its importance in the competitive landscape. Both technologies cater to specific needs within the cutting equipment market, ensuring that manufacturers can choose the solution best suited for their production requirements.

By End User: Automotive (Largest) vs. Aerospace and Defense (Fastest-Growing)

In 2024, the end user segment distribution in the India cutting equipment market is characterized by the automotive sector leading with the largest share. This segment is significantly supported by the rising automotive production and stringent manufacturing standards, establishing itself as a crucial consumer of cutting tools. The metal fabrication and construction sectors follow, with substantial contributions driven by infrastructure development and industrial activities. On the growth front, the aerospace and defense sector emerges as the fastest-growing end user, fueled by increasing government investments in defense and aviation infrastructure. The need for advanced cutting solutions to meet precision requirements is critical in this segment. Additionally, the metal fabrication sector is expected to maintain steady growth, supported by increasing demand for customized metal parts across various applications.

Automotive (Dominant) vs. Aerospace and Defense (Emerging)

The automotive segment remains dominant in the India cutting equipment market, largely due to the high demand for efficient and precise cutting tools necessary for manufacturing vehicles. This sector needs innovative cutting technologies to keep up with production demands and to adhere to high quality standards. Conversely, the aerospace and defense segment is considered emerging and is rapidly gaining traction, driven by advancements in technology and a focus on lightweight materials. This growth necessitates specialized cutting equipment to ensure precision and reduce manufacturing waste. The dynamics of these segments showcase a clear distinction; while automotive leads in market share, aerospace and defense are poised for a remarkable ascent in the coming years due to their burgeoning potential and the push for modernization.

Get more detailed insights about India Cutting Equipment Market

Key Players and Competitive Insights

The cutting equipment market in India is characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand across various sectors, including construction and manufacturing. Key players such as Bosch (DE), DeWalt (US), and Hilti (LI) are strategically positioned to leverage innovation and regional expansion. Bosch (DE) focuses on enhancing its product portfolio through continuous innovation, while DeWalt (US) emphasizes robust marketing strategies to capture a larger market share. Hilti (LI) adopts a customer-centric approach, providing tailored solutions that cater to specific industry needs, thereby shaping a competitive environment that prioritizes quality and service.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and improve supply chain efficiency. The market structure appears moderately fragmented, with several players vying for dominance. However, the collective influence of major companies like Milwaukee (US) and Festool (DE) is notable, as they engage in strategic partnerships and collaborations to enhance their market presence and operational capabilities.

In October 2025, Bosch (DE) announced the launch of a new line of eco-friendly cutting tools designed to reduce energy consumption by 30%. This strategic move not only aligns with global sustainability trends but also positions Bosch as a leader in environmentally conscious manufacturing. The introduction of these tools is likely to attract environmentally aware consumers and businesses, enhancing Bosch's competitive edge.

In September 2025, DeWalt (US) expanded its distribution network in India by partnering with local suppliers to improve accessibility and reduce lead times. This initiative is significant as it allows DeWalt to penetrate deeper into the Indian market, catering to the growing demand for cutting equipment in various sectors. The partnership is expected to enhance customer satisfaction through improved service delivery and product availability.

In August 2025, Hilti (LI) launched a digital platform that integrates AI-driven analytics to optimize tool usage and maintenance schedules for its customers. This innovation is crucial as it not only enhances operational efficiency for users but also positions Hilti at the forefront of digital transformation in the cutting equipment market. The platform is likely to foster customer loyalty by providing added value through data-driven insights.

As of November 2025, the competitive trends in the cutting equipment market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are shaping the landscape, facilitating knowledge sharing and resource optimization. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a focus on innovation, technological advancements, and supply chain reliability. Companies that can effectively harness these trends will likely secure a more prominent position in the market.

Key Companies in the India Cutting Equipment Market market include

Industry Developments

The India Cutting Equipment Market has seen significant developments recently, particularly in August 2023, when Hindustan Aeronautics Limited announced an expansion of its cutting equipment division to support the growing aerospace manufacturing sector in India. 

Additionally, in September 2023, Crompton Greaves Consumer Electricals Limited launched an innovative range of cutting tools aimed at enhancing efficiency for consumers and professionals alike. In terms of market growth, notable improvements were reported by Stanley Black and Decker India, which experienced a substantial increase in market valuation due to enhanced demand for power tools and cutting equipment driven by infrastructure projects across the nation. Merger and acquisition activities included the collaboration between Wipro Infrastructure Engineering and Linde India Limited in early 2023 to integrate advanced technologies into their manufacturing processes, enhancing competitiveness. 

Furthermore, Makita India Private Limited has made strategic investments to bolster its market footprint through local partnerships. Over the past two years, the sector has been characterized by a focus on sustainability and innovation, particularly with 3M India Limited emphasizing eco-friendly cutting solutions in response to growing environmental concerns. These dynamics contribute to a robust and evolving landscape in India's cutting equipment market.

Future Outlook

India Cutting Equipment Market Future Outlook

The Cutting Equipment Market in India is poised for growth at a 9.5% CAGR from 2024 to 2035, driven by technological advancements and increasing industrial demand.

New opportunities lie in:

  • Development of automated cutting solutions for precision industries.
  • Expansion into eco-friendly cutting materials and technologies.
  • Integration of IoT for real-time monitoring and efficiency optimization.

By 2035, the cutting equipment market is expected to achieve substantial growth and innovation.

Market Segmentation

India Cutting Equipment Market End User Outlook

  • Automotive
  • Metal Fabrication
  • Construction
  • Aerospace and Defense
  • Shipbuilding
  • Others

India Cutting Equipment Market Cutting Technology Outlook

  • Plasma
  • Laser
  • Waterjet
  • Carbon-arc

Report Scope

MARKET SIZE 2024 472.68(USD Million)
MARKET SIZE 2025 517.58(USD Million)
MARKET SIZE 2035 1283.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 9.5% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Bosch (DE), Makita (JP), DeWalt (US), Hilti (LI), Milwaukee (US), Festool (DE), Hitachi (JP), Klein Tools (US)
Segments Covered Cutting Technology, End User
Key Market Opportunities Adoption of advanced automation technologies enhances efficiency in the cutting equipment market.
Key Market Dynamics Technological advancements drive innovation in cutting equipment, enhancing efficiency and precision across various industries.
Countries Covered India

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FAQs

What is the expected market size of the India Cutting Equipment Market in 2024?

The India Cutting Equipment Market is expected to be valued at 600.0 USD Million in 2024.

What is the projected market size for the India Cutting Equipment Market by 2035?

By 2035, the India Cutting Equipment Market is projected to reach a value of 1800.0 USD Million.

What is the expected CAGR for the India Cutting Equipment Market from 2025 to 2035?

The expected CAGR for the India Cutting Equipment Market from 2025 to 2035 is 10.503%.

Which cutting technology is expected to have the largest market share in 2024?

The Laser cutting technology is expected to have the largest market share in 2024 with a valuation of 240.0 USD Million.

What are the projections for Plasma cutting technology in the India Cutting Equipment Market by 2035?

The Plasma cutting technology is projected to be valued at 540.0 USD Million by 2035.

Who are the key players in the India Cutting Equipment Market?

Key players in the India Cutting Equipment Market include Crompton Greaves, Hindustan Aeronautics, Stanley Black and Decker, and Bosch Limited.

What is the market size for Waterjet cutting technology in 2024?

The Waterjet cutting technology is valued at 120.0 USD Million in 2024.

What is the anticipated market growth rate for the Carbon-arc cutting technology from 2024 to 2035?

The Carbon-arc cutting technology market is anticipated to grow from 60.0 USD Million in 2024 to 180.0 USD Million by 2035.

What challenges are currently affecting the India Cutting Equipment Market?

Challenges in the India Cutting Equipment Market include fluctuating raw material prices and competition among established players.

What opportunities exist for growth in the India Cutting Equipment Market?

Opportunities for growth include advancements in cutting technologies and increasing demand in various industrial applications.

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