2016-10-17T01:56:44
Automobile Industry Outlook
India is an automotive export hub in the South Asian market and the automotive and auto components industry has accounted for about 40% of machine tools consumption in India. The growth of automotive industry in India is the primary growth driver for the machine tool indsutry market. Based on the above factor an research analyst forecasts the production of machine tools in India to grow at a CAGR of 13% during the forecast period.
Global production of machine tools is worth around $84 billion. The Indian machine tool industry will touch $1 billion in end of 2016.
Lexis tooling systems ER Sealed Collets have, High Accuracy, Versatility, Multiple Applications, Wide Clamping Range, Long Life, Ideal for Tool Extensions, and Precision Manufactured to DIN 6499, Sealed collets are high precision exact size collets and have no collapse range, available in Inch and metric bore sizes.
For more products details please visit www.lexisindia.com
Have a question? Ask here!
Required fields are marked *