The market is dominated by domestic suppliers, as imports account for 29.8% of total market size in 2021. B2B drives market demand, with B2B spending representing 99.6% of total demand in 2021. India has the third largest market size for industrial and laboratory furnaces regionally, with demand reaching USD1.3 billion in 2021. Inductotherm (India) Pvt Ltd is the largest company in India, generating 6.7% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 11.5% of total production value in 2021. The total number of companies increases in 2021, to 204,275 units. The costs of the industry increase by 11.6% in 2021, largely driven by rising B2B costs. The industry’s profitability increases and stands at 3.0% of production value in 2021, the 19th highest regionally. With production value of USD629 million, India accounts for 8.4% of the Asia Pacific total in 2021.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in India: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in India: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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