The market for welding machines in India is growing rapidly due to the development of industries like construction, automotive, aerospace, shipbuilding and infrastructure. With the country investing massively on modernization and development projects, the need for advanced welding technologies is growing. The reason for the growth in manufacturing units is the 'Make in India' initiative, which encourages domestic production and has led to increase in investments in manufacturing units.' Additionally, government infrastructure projects such as roads, railways, ports and smart cities need extensive welding applications, which necessitate the usage of high quality welding machines. India is a country with the largest automotive sector in the world and also requires sophisticated welding equipment for growing production of vehicles, including electric vehicles (EVs).
The market is changing by the technological advancements. Automated and robotic welding systems are being adopted more, for greater precision, efficiency and productivity. Predictive maintenance and real time monitoring is being incorporated by manufacturers into welding machines which are integrating artificial intelligence (AI) and the Internet of Things (IoT). Geographically also the market is expanding as the demand is increasing from Tier 2 and Tier 3 cities where industrialization is taking place. The industry’s growth is also being fuelled by small and medium enterprises (SMEs) adopting cost effective welding solutions. With industrial development, governmental policies supporting the industry, and technology improvements, the welding machines market in India shows excellent growth potential in the coming years.
In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner.
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