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The India metal casting market is currently witnessing moderate growth. 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.
India represents one of the largest metal casting markets in the Asia Pacific region. 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, 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. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the India metal casting market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, process, material type, components, vehicle type, electric and hybrid type and application.
Breakup by Process:
Breakup by Material Type:
Breakup by Components:
Breakup by Vehicle Type:
Breakup by Electric and Hybrid Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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