Machine Tool Market in India 2012-2016: MarketResearchReports.biz
TechNavio's analysts forecast the Machine Tool market in India to grow at a CAGR of 14.95 percent over the period 2012-2016. One of the key factors contributing to this market growth is the upsurge in the Indian auto ancillary industry. The Machine Tool market in India has also been witnessing the increased adoption of retrofitted machines. However, the threat of recession in the Indian market could pose a challenge to the growth of this market.
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