India Metal Casting Market

Market Overview:

The India metal casting market size reached US$ 11,667.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 17,608.2 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

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.

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 2023-2028. 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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the India metal casting market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the India metal casting market?
• What are the key regional markets?
• What is the breakup of the market based on the process?
• What is the breakup of the market based on the material type?
• What is the breakup of the market based on the end use?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the vehicle type?
• What is the breakup of the market based on the electric and hybrid type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the India metal casting market and who are the key players?
• What is the degree of competition in the industry?