India Metal Casting Market Research Report and Industry Forecast

India Metal Casting Market Size and Share:

The India metal casting market size reached USD 13,196.0 Million in 2024. The market is expected to reach USD 21,918.6 Million by 2033, exhibiting a growth rate (CAGR) of 5.51% during 2025-2033. The market is growth is attributed to the growing automotive production, expanding infrastructure projects, rising demand from heavy machinery and construction equipment, government initiatives supporting manufacturing, adoption of advanced casting technologies, growth of renewable energy and power generation sectors, and demand for durable, cost-effective components.

Market Insights:

• On the basis of region, the market is divided into North India, West and Central India, South India, and East India.
• Based on the process, the market is categorized as sand casting, gravity casting, high-pressure die casting (HPDC), low-pressure die casting (LPDC), and others.
• On the basis of the material type the market is segmented into cast iron, aluminum, steel, zinc, magnesium, and others.
• Based on the end use, the market is categorized as automotive and transportation, equipment and machine, building and construction, aerospace and military, and others.
• Based on the component, the market is categorized as alloy wheels, clutch casing, cylinder head, cross car beam, crank case, battery housing, and others.
• On the basis of the vehicle type, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles.
• Based on the electric and hybrid vehicle, the market is categorized as hybrid electric vehicles (hev), battery electric vehicles (BEV), and plug-in hybrid electric vehicles (PHEV).
• Based on the application, the market is categorized as body assemblies, engine parts, transmission parts, and others.

Market Size and Forecast:

• 2024 Market Size: USD 13,196.0 Million
• 2033 Projected Market Size: USD 21,918.6 Million
• CAGR (2025-2033): 5.51%

Metal casting is the process of obtaining a desired geometrical shape by pouring hot liquid metal into a mold that contains a hollow cutout or cavity. This technique is used for the mass production of large and complex components while utilizing alloys with low melting points. Metal casting can be done with non-ferrous metals such as zinc, copper, aluminum, magnesium, lead, pewter, and tin-based alloys. In India, metal casting is extensively used as it is cost-efficient and significantly reduces the amount of wasted scrap metal.

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India represents one of the largest metal casting markets in the Asia Pacific region. As per the India metal casting market analysis, the market is primarily driven by the rising demand for lightweight vehicles in the country due to the inflating incomes of consumers. The growing automotive industry and rapid urbanization and industrialization have also created a need for construction equipment. This is expected to increase the demand for metal castings across the country. Besides this, rising environmental concerns have prompted manufacturers to introduce electric vehicles as a result of the increasing environmental awareness, which is stimulating the market growth. Moreover, according to the India metal casting market report, the process of metal casting forms an integral part in the goods and equipment industry to produce a wide variety of home appliances, surgical instruments and critical components for aircraft and automobiles.

India Metal Casting Market Trends:

Rising Demand from the Automotive Sector

The automotive sector remains one of the key drivers of market growth, contributing significantly to demand for parts like engine blocks, cylinder heads, crankshafts, and transmission parts. As India is becoming a hub for automobile production globally, both domestic and export demand are growing steadily. Government initiatives such as the Production-Linked Incentive (PLI) scheme and the promotion of electric vehicle adoption are further opening up opportunities for casting manufacturers. This, in turn, is propelling the India metal casting market growth. Electric vehicles, especially, demand exclusive lightweight aluminum and precision-cast parts, which have encouraged innovation in design and manufacturing processes. Further, international automakers are increasingly importing castings from India based on cost benefits and rising quality standards comparable to global standards. Tier I and Tier II suppliers are expanding capacities and embracing new foundry techniques to address the growing requirements of passenger cars, commercial vehicles, and two-wheeler segments in India.

Shift Toward Lightweight and Sustainable Materials

There is a growing shift in the metal casting industry toward lightweight and sustainable materials, particularly aluminum, magnesium, and composite alloys. Increased environmental awareness and emissions regulations are forcing automotive and aerospace industries to use castings that minimize vehicle weight and increase fuel efficiency. This transition is also led by the increasing popularity of electric vehicles, which need components that are both lightweight and strong to maximize battery performance. Indian foundries are increasingly investing in new alloy development, recycling technology, and cleaner production to keep up with global sustainability trends, which is one of the emerging India metal casting market trends. The adoption of energy-efficient furnaces and low-emission casting technologies is also becoming more popular as producers yield to pressure from regulators and green-minded consumers. Moreover, partnerships between research centers and casting producers are fast-tracking the implementation of sustainable methods, making India a competitive exporter of sustainable cast products to overseas markets.

Adoption of Advanced Casting Technologies

The market is experiencing a significant transformation through the adoption of advanced technologies such as 3D printing, simulation software, and automation in foundries. These innovations enable greater precision, reduced defects, and faster prototyping, enhancing the competitiveness of domestic manufacturers. Automated molding lines, robotic handling, and computer-aided design are increasingly being deployed to improve efficiency and reduce reliance on manual labor. Simulation tools are helping producers optimize mold design, predict potential flaws, and minimize material wastage, leading to cost savings and higher-quality products, thereby enhancing the India metal casting market outlook. Additive manufacturing is also emerging as a tool for complex and customized casting applications, particularly in aerospace and defense. Moreover, Industry 4.0 technologies such as IoT-enabled monitoring systems are streamlining production by enabling predictive maintenance and real-time data analysis. These advancements are not only improving output quality but also strengthening India’s ability to serve global markets with technically sophisticated cast components.

Growth, Opportunities, and Barriers in the India Metal Casting Market: 

• Growth Drivers: The market is expanding due to strong demand from automotive, construction, and industrial machinery sectors. Government initiatives like “Make in India” and the PLI scheme are encouraging local manufacturing, driving casting consumption. Rising exports and India’s cost competitiveness enhance global sourcing potential. Rapid urbanization and infrastructure investments are fueling demand for cast components. Technological advancements in foundries are improving productivity and quality, further augmenting India metal casting market share.
• Market Opportunities: The growing adoption of electric vehicles presents opportunities for lightweight aluminum and precision-cast components. Increasing demand in renewable energy and power generation sectors is expanding casting applications. Tier II and Tier III cities offer untapped potential for foundry expansion. Export markets are widening as Indian manufacturers meet international quality standards. The adoption of Industry 4.0 technologies opens avenues for smarter, more efficient production.
• Market Challenges: As per the India metal casting market forecast, volatility in raw material prices, especially metals like aluminum and steel, poses a risk to profitability. Traditional casting processes still dominate, limiting efficiency in smaller foundries. High energy consumption and environmental compliance requirements increase operational costs. Skilled labor shortages in advanced casting technologies create production bottlenecks. Competition from established global suppliers’ challenges India’s positioning in premium markets.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India metal casting market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on process, material type, end use, component, vehicle type, electric and hybrid type, and application.

Breakup by Process:

• Sand Casting
• Gravity Casting
• High-Pressure Die Casting (HPDC)
• Low-Pressure Die Casting (LPDC)
• Others

Breakup by Material Type:

• Cast Iron
• Aluminum
• Steel
• Zinc
• Magnesium
• Others

Breakup by End Use:

• Automotive and Transportation
• Equipment and Machine
• Building and Construction
• Aerospace and Military
• Others

Automotive and Transportation Market: Breakup by Component:

• Alloy Wheels
• Clutch Casing
• Cylinder Head
• Cross Car Beam
• Crank Case
• Battery Housing
• Others

Automotive and Transportation Market: Breakup by Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Automotive and Transportation Market: Breakup by Electric and Hybrid Type:

• Hybrid Electric Vehicles (HEV)
• Battery Electric Vehicles (BEV)
• Plug-In Hybrid Electric Vehicles (PHEV)

Automotive and Transportation Market: Breakup by Application:

• Body Assemblies
• Engine Parts
• Transmission Parts
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Latest News and Developments:

• In August 2025, Rajkot-based aluminum-extrusion manufacturer ANB Metal Cast launched its SME IPO to raise INR 49.92 Crore through a fresh issue of 32 lakh equity shares priced in the range of INR 148–INR 156 per share. Sun Capital Advisory Services is acting as the issue manager, KFin Technologies as the registrar, and Pure Broking as the market maker, while the company highlights its diversified product portfolio, customization capabilities, and strong quality-control systems as key strengths.
• In July 2024, Meson Valves India Limited has signed a Share Purchase Agreement to acquire a controlling interest in Milindpra Castings Private Limited, a newly incorporated player in the metal casting and foundry sector, by acquiring 7,033 equity shares at INR 10 per share, amounting to a total consideration of INR 70,330 in cash. The acquisition is aligned with Meson Valves India’s strategic growth objectives, aimed at enhancing its capabilities and market presence in the metal casting industry.

Report Coverage: