India Metal Casting Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Metal Casting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

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).

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 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:

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

Breakup by Material Type:

Aluminum
Cast Iron
Magnesium
Zinc
Others

Breakup by Components:

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

Breakup by Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

Breakup by Electric and Hybrid Type:

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

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.

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 components?
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?