India Electroplating Market

India Electroplating Market Overview:

The India electroplating market size reached USD 567.1 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 774.9 Million by ​2033​, exhibiting a growth rate (CAGR) of 3.5% during 2025-2033. The market is driven by the rapid expansion of the automotive, electronics, and medical device industries, coupled with government initiatives like Make in India and rising investments in manufacturing infrastructure, which are increasing demand for corrosion-resistant coatings, enhanced conductivity solutions, and aesthetic metal finishing across various industrial applications.

India Electroplating Market Trends:

Expansion of the Automotive and Electronics Industries

The expanding automotive and electronics industries in India have played a key role in fueling the demand for electroplating services. Electroplating is crucial in these industries to improve the durability, corrosion resistance, and appearance of different components. In the automotive sector, electroplating is widely applied to plate parts like engine parts, fasteners, and decorative trim. This operation not only enhances the look of automobiles but also extends the life span of key components by guarding against wear and corrosion. A growing output of automobiles in India, has therefore contributed to increased demand for electroplating services. As per the Ministry of Heavy Industries, the contribution of India's GDP by the auto industry was 7.1% in 2020-21, with major contribution coming from the production of components that involve electroplating. In the same way, electronics manufacturing is equally dependent on electroplating in the production of connectors, PCBs, and other components. The process offers consistent electrical conduction and resistance to natural elements, a factor that largely determines the use and lifespan of electronic devices. The Ministry of Electronics and Information Technology stated that domestic manufacture of electronic items rose from INR 2,43,263 crore (USD 37 billion) in 2015-16 to INR 5,54,461 crore (USD 74.7 billion) during 2020-21 at a Compound Annual Growth Rate (CAGR) of 17.9%. This sharp growth reflects the growing need for electroplating services in the electronics manufacturing industry.

Government Initiatives Boosting Manufacturing

The Government of India has rolled out a number of schemes to strengthen the manufacturing industry, which has subsequently contributed positively to the electroplating industry. The Production-Linked Incentive (PLI) Scheme is one of the prominent programs that has been introduced to promote India's manufacturing capacity and exports in several sectors, such as electronics and auto parts. The PLI Scheme provides monetary incentives to producers in terms of their incremental sales and investment levels, thus stimulating local production and minimizing import dependence. The scheme has attracted substantial investments in the production of components that are subject to electroplating, including electronic components and automotive parts. Through the stimulation of local manufacturing, the scheme has provided a favorable environment for the development of the electroplating sector. Further, the 'Make in India' movement also seeks to position India as a global manufacturing center by inviting multinational and local firms to make their products in the country. This movement has spurred new factory setup and growth in existing ones, thus creating a higher demand for electroplating services. The efforts of the government to enhance infrastructure, ease regulatory procedures, and offer fiscal supports have further fueled the development of the manufacturing industry. In addition, the Ministry of Micro, Small, and Medium Enterprises (MSME) has initiated several schemes to promote small-scale industries, which form a major part of the electroplating industry. These schemes offer financial support, skill development training, and technology upgrade assistance to MSMEs, thus making them competitive and capable of fulfilling the increasing demand for electroplating services.

India Electroplating Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, metal type, and end use industry.

Type Insights:

• Barrel Plating
• Rack Plating
• Continuous Plating
• Line Plating

The report has provided a detailed breakup and analysis of the market based on the type. This includes barrel plating, rack plating, continuous plating, and line plating.

Metal Type Insights:

• Gold
• Zinc
• Platinum
• Copper
• Nickel
• Chromium
• Others

A detailed breakup and analysis of the market based on the metal type have also been provided in the report. This includes gold, zinc, platinum, copper, nickel, chromium, and others.

End Use Industry Insights:

• Automotive
• Electrical and Electronics
• Aerospace and Defense
• Jewelry
• Industrial Machinery
• Others

A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes automotive, electrical and electronics, aerospace and defense, jewelry, industrial machinery, and others.

Regional Insights:

• North India
• South India
• East India
• West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Electroplating Market News:

• January 2025: Amphenol introduced DuraSwap Concentric Connectors and a Type 6 Charging Gun Solution to improve electric vehicle (EV) charging infrastructure. These solutions are centered on durability, high-power transfer efficiency, and long-term reliability in high-usage applications. The India electroplating market is pushing such innovations by offering corrosion-resistant and high-conductivity coatings for EV connectors, which will provide improved performance and longer lifespan.
• November 2024: Abbott introduced a leadless pacemaker in India to correct sluggish heart rhythms, providing a minimally invasive solution over conventional pacemakers. The product hopes to enhance patient results by not using leads, cutting down complications. The need for sophisticated medical implants is growing, propelling India's electroplating market as high-quality coatings are vital to ensure durability and biocompatibility.

India Electroplating Market Report Coverage:

Key Questions Answered in This Report:

• How has the India electroplating market performed so far and how will it perform in the coming years?
• What is the breakup of the India electroplating market on the basis of type?
• What is the breakup of the India electroplating market on the basis of metal type?
• What is the breakup of the India electroplating market on the basis of end use industry?
• What are the various stages in the value chain of the India electroplating market? 
• What are the key driving factors and challenges in the India electroplating market?
• What is the structure of the India electroplating market and who are the key players?
• What is the degree of competition in the India electroplating market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India electroplating market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India electroplating market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India electroplating industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.