India Metal Casting Market Size, Share and Industry Analysis 2024-2032

Name: India Metal Casting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032
Creator: IMARC Group
License: https://www.imarcgroup.com/privacy-policy
Keywords: India Metal Casting Market Report

India Metal Casting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2611

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Market Overview:

The India metal casting market size reached US$ 12,473 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 21,252 Million by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 12,473 Million
Market Forecast in 2032	US$ 21,252 Million
Market Growth Rate 2024-2032	5.8%

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.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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 2024-2032. 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:

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Process, Material Type, End Use, Component, Vehicle Type, Electric and Hybrid Type, Application, Region
Region Covered	North India, West and Central India, South India, East India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
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

The India metal casting market was valued at US$ 12,473 Million in 2023.

We expect the India metal casting market to exhibit a CAGR of 5.8% during 2024-2032.

The rising consumer awareness towards numerous advantages offered by metal casting, such as improved energy efficiency, lower production costs, enhanced environmental quality, etc., is primarily driving the India metal casting market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous end-use industries for metal casting.

Based on the process, the India metal casting market can be categorized into sand casting, gravity casting, High-Pressure Die Casting (HPDC), Low-Pressure Die Casting (LPDC), and others. Currently, sand casting holds the majority of the total market share.

Based on the material type, the India metal casting market has been segmented into cast iron, aluminum, steel, zinc, magnesium, and others. Among these, cast iron currently exhibits a clear dominance in the market.

Based on the end use, the India metal casting market can be bifurcated into automotive and transportation, equipment and machine, building and construction, aerospace and military, and others. Currently, automotive and transportation accounts for the largest market share.

Based on the component, the India automotive and transportation market has been divided into alloy wheels, clutch casing, cylinder head, cross car beam, crank case, battery housing, and others, where alloy wheel currently exhibits a clear dominance in the market.

Based on the vehicle type, the India automotive and transportation market can be categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. Currently, passenger cars hold the majority of the total market share.

Based on the electric and hybrid type, the India automotive and transportation market has been segregated into Hybrid Electric Vehicles (HEV), Battery Electric Vehicles (BEV), and Plug-In Hybrid Electric Vehicles (PHEV). Among these, Hybrid Electric Vehicles (HEV) currently exhibit a clear dominance in the market.

Based on the application, the India automotive and transportation market can be bifurcated into body assemblies, engine parts, transmission parts, and others. Currently, body assemblies account for the largest market share.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India.

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