India Investment Casting Market Size, Forecast 2033

India Investment Casting Market Size, Share, Trends and Forecast by Process Type, Material, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29861

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India Investment Casting Market Size and Share:

The India investment casting market size reached USD 562.20 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 733.54 Million by 2033, exhibiting a growth rate (CAGR) of 3.00% during 2025-2033. The market is driven by increasing demand from aerospace, defense, and automotive sectors, particularly for lightweight, high-precision components. Government initiatives such as "Make in India" and the push for electric vehicles (EVs) further enhance the India investment casting market share. Technological advancements and the need for sustainable manufacturing practices also contribute to the market's expansion.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 562.20 Million
Market Forecast in 2033	USD 733.54 Million
Market Growth Rate (2025-2033)	3.00%

India Investment Casting Market Trends:

Increasing Adoption of Investment Casting in Aerospace and Defense

The increasing adoption in the aerospace and defense sectors is majorly driving the India investment casting market growth. Investment casting, known for its precision and ability to produce complex components, is becoming a preferred manufacturing method for critical parts in aircraft, missiles, and defense equipment. The Indian government’s focus on enhancing domestic aerospace manufacturing under initiatives such as "Make in India" has further fueled this trend. On 5^th April 2024, GE Aerospace announced plans to invest USD 30 Million to upgrade and expand its manufacturing facility in Pune, India. The investment will increase production capabilities. Such a development strengthens India's aerospace manufacturing sector and aligns with the growing investment casting industry in the country. The facility has hired more than 5,000 professionals since its inception in 2015, highlighting its substantial role in India becoming a growing global aerospace hub. Additionally, the rising demand for lightweight and high-strength components in modern aircraft aligns perfectly with the capabilities of investment casting. As global aerospace companies look to India for cost-effective manufacturing solutions, local foundries are investing in advanced technologies to meet international quality standards. This trend is expected to drive the market’s growth, positioning India as a key player in the global investment casting industry.

India Investment Casting Market Size

Growing Demand from Automotive and Electric Vehicle (EV) Sectors

The automotive industry, including the rapidly expanding electric vehicle (EV) segment, is creating a positive India investment casting market outlook. India is leading the electric vehicle revolution in Emerging Asia, creating a USD 1.3 Trillion investment opportunity by 2030 as electric two- and three-wheelers proliferate. In the year 2023, India emerged as a world leader in electric three-wheeler sales with 580,000 units and 60 percent market share and also totaled 880,000 e-scooter sales for second place globally. The rise of electric vehicles is driving the need for precision components and is thus complementing India's flourishing investment casting market and its manufacturing industry. Investment casting is increasingly used to manufacture engine components, transmission parts, and other critical automotive elements that require high precision and durability. With the Indian government pushing for EV adoption to reduce carbon emissions, the demand for lightweight and efficient components is on the rise. Investment casting offers the advantage of producing intricate designs with minimal material waste, making it ideal for EV manufacturers. Furthermore, the shift toward sustainable manufacturing practices is encouraging automakers to adopt investment casting for its eco-friendly benefits. As the automotive and EV sectors continue to grow, the investment casting market in India is poised for substantial expansion, supported by technological advancements and increasing investments in the industry.

India Investment Casting Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on process type, material, and application.

Process Type Insights:

Sodium Silicate Process
Tetraethyl Orthosilicate (Silica Sol Process)

The report has provided a detailed breakup and analysis of the market based on the process type. This includes sodium silicate process and tetraethyl orthosilicate (silica sol process).

Material Insights:

Superalloys
Steel
Aluminum
Titanium
Others

A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes superalloys, steel, aluminum, titanium, and others.

Application Insights:

Automotive
Aerospace and Military
Oil and Gas
Energy
Medical
Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes automotive, aerospace and military, oil and gas, energy, medical, 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 Investment Casting Market News:

December 21, 2024: Jaya Hind Industries installed India's biggest high-pressure die-casting machine with a capacity of 4,400 tons at its plant in Urse, Pune. This upgrade greatly increases the output of aluminum parts for electric and commercial vehicles. This investment further strengthens India′ position in advanced die-casting and precision manufacturing and is supplied by Buhler-Switzerland. This initiative addresses the growing need for high-strength lightweight components in the investment casting and automotive sectors.
December 11, 2024: Bharat Forge's JS Auto Cast Foundry has announced a ₹67.5 Crore (approximately USD 8.23 Million) investment to expand its operations in Tamil Nadu, which the company says will increase its casting capacity by more than 60 percent, as its annual capacity will be 1,16,000 tonnes. The initiative includes the setting up of new induction furnaces and sand-handling systems to meet the rising demand for high-quality investment castings in the domestic and overseas markets. This expansion will create 400 jobs, strengthen India’s positioning in precision casting, and contribute to industrial growth.

India Investment Casting Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Process Type Material Application Region
Process Types Covered	Sodium Silicate Process, Tetraethyl Orthosilicate (Silica Sol Process)
Material Covered	Superalloys, Steel, Aluminum, Titanium, Others
Applications Covered	Automotive, Aerospace and Military, Oil and Gas, Energy, Medical, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India investment casting market performed so far and how will it perform in the coming years?
What is the breakup of the India investment casting market on the basis of process type?
What is the breakup of the India investment casting market on the basis of material?
What is the breakup of the India investment casting market on the basis of application?
What is the breakup of the India investment casting market on the basis of region?
What are the various stages in the value chain of the India investment casting market?
What are the key driving factors and challenges in the India investment casting market?
What is the structure of the India investment casting market and who are the key players?
What is the degree of competition in the India investment casting 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 investment casting market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India investment casting 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 investment casting 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.

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