The market is dominated by domestic suppliers, as imports account for 34.3% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.0% of total demand in 2022. India has the fourth largest market size for appliances for measuring, navigating and testing regionally, with demand reaching USD8.2 billion in 2022. Bharat Electronics Ltd is the largest company in India, generating 2.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 7.9% of total production value in 2022. The total number of companies increases in 2022, to 410,272 units. The costs of the industry increase by 6.2% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 7.2% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 28.5% of total production output. With production value of USD5.9 billion, India accounts for 3.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Appliances for Measuring, Navigating and Testing in India: ISIC 3312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Appliances for Measuring, Navigating and Testing in India: ISIC 3312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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