India Equipment As A Service Market Size & Outlook
Global Market
Related Markets
India equipment as a service market highlights
- The India equipment as a service market generated a revenue of USD 38.8 million in 2023 and is expected to reach USD 855.1 million by 2030.
- The India market is expected to grow at a CAGR of 58.1% from 2024 to 2030.
- In terms of segment, cnc machines was the largest revenue generating equipment in 2023.
- CNC machines is the most lucrative equipment segment registering the fastest growth during the forecast period.
Equipment as a service market data book summary
| Market revenue in 2023 | USD 38.8 million |
| Market revenue in 2030 | USD 855.1 million |
| Growth rate | 58.1% (CAGR from 2024 to 2030) |
| Largest segment | Cnc machines |
| Fastest growing segment | CNC machines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Compressor, Pump, Power Tools, Ground Power Units, Laser cutting machines, Printing Machines, CNC machines, Material handling system, Packaging Machine, Excavators, Cranes, Turning and milling machines |
| Key market players worldwide | Atlas Copco AB ADR, Heidelberger Druckmaschinen AG, Desktop Metal Inc Ordinary Shares - Class A, Siemens AG, Dmg Mori Co Ltd, Hilti Group, Metso Corp, TRUMPF, Kaeser Kompressoren, SMS Group, Arnold Machine Inc., Uteco Converting, Volvo AB Class B, Maschinenfabrik HEID, Sk Laser, Tamturbo |
Other key industry trends
- In terms of revenue, India accounted for 2.6% of the global equipment as a service market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China equipment as a service market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,491.2 million by 2030.
According to the data published by OICA, the production of cars and commercial vehicles in India reached 5,456,857 in 2022, illustrating an increase of approximately 24%. The increase in production and exports in the automotive industry is further expected to fuel the demand for equipment such as CNC machines.
The equipment as a Service module can provide a strategic solution to meet the increasing demand for CNC machines and increase access of manufacturing companies to this equipment.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Equipment As A Service Market Scope
Equipment As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Hilti Group | View profile | 10001+ | Schaan, Schaan, Liechtenstein, Europe | www.hilti.group/content/hilti/CP/XX/en.html |
| Atlas Copco AB ADR | View profile | 53,728 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-105 23 | www.atlascopcogroup.com |
| Heidelberger Druckmaschinen AG | View profile | 9,565 | Kurfursten-Anlage 52-60, Heidelberg, BW, Germany, 69115 | www.heidelberg.com |
| Metso Corp | View profile | 17,121 | Rauhalanpuisto 9, Helsinki, Finland, 02330 | www.metso.com |
| Desktop Metal Inc Ordinary Shares - Class A | View profile | 950 | 63 3rd Avenue, Burlington, MA, United States, 01803 | www.desktopmetal.com |
| Dmg Mori Co Ltd | View profile | 13,484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | www.dmgmori.co.jp |
| TRUMPF | View profile | 1001-5000 | Ditzingen, Baden-Wurttemberg, Germany, Europe | www.trumpf.com/de_DE/ |
| Kaeser Kompressoren | View profile | 5001-10000 | Coburg, Bayern, Germany, Europe | www.kaeser.com/ |
| SMS Group | View profile | 10001+ | Düsseldorf, Nordrhein-Westfalen, Germany, Europe | www.sms-group.com/ |
India Equipment As A Service Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Equipment As A Service Market Outlook will help companies and investors design strategic landscapes.
Cnc Machines was the largest segment with a revenue share of 21.91% in 2023.
Horizon Databook has segmented the India equipment as a service market based on air compressor, pump, power tools, ground power units, laser cutting machines, printing machines, cnc machines, material handling system, packaging machine, excavators, cranes, turning and milling machines covering the revenue growth of each sub-segment from 2018 to 2030.
According to the data published by OICA, the production of cars and commercial vehicles in India reached 5,456,857 in 2022, illustrating an increase of approximately 24%. The increase in production and exports in the automotive industry is further expected to fuel the demand for equipment such as CNC machines.
The equipment as a Service module can provide a strategic solution to meet the increasing demand for CNC machines and increase access of manufacturing companies to this equipment.
- India Equipment As A Service Market Equipment Outlook (Revenue, USD Million , 2018-2030)
- Air Compressor
- Pump
- Power Tools
- Ground Power Units
- laser cutting machines
- Printing Machines
- CNC machines
- Material handling system
- Packaging Machine
- Excavators
- Cranes
- Turning and milling machines
- India Equipment As A Service Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Construction
- Material Handling
- Mining
- Manufactruing
- Packaging
- India Equipment As A Service Market Financing Models Outlook (Revenue, USD Million , 2018-2030)
- Subscription-Based
- Outcome-Based
Reasons to subscribe to Equipment As A Service Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Equipment As A Service Market Outlook databook
- Our clientele includes a mix of Equipment As A Service Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India Equipment As A Service Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Equipment As A Service Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Equipment As A Service Market, 2018-2030 (US$M)
India equipment as a service market statistics, by equipment, 2018-2030 (US$M)
