According to the latest report by IMARC Group, titled, “India Metal Casting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” the India metal casting market is expected to exhibit a CAGR of 6.8% during 2022-2027.
Metal casting is a process wherein a mold with a hollow cavity is utilized for obtaining a desired geometric shape. It assists in the mass production of large and complex components while using alloys with low melting points. Other non-ferrous metals can also be utilized, including zinc, lead, pewter, copper, aluminum, magnesium, and tin-based alloys. At present, metal casting finds extensive application across India as it is cost-efficient and reduces the amount of wasted scrap metal.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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India Metal Casting Market Trends:
The escalating demand for lightweight vehicles in India due to stringent government regulations to minimize carbon emissions represents one of the key factors stimulating the market growth. In line with this, the thriving automotive industry and rapid urbanization are influencing the need for construction equipment. As a result, there is an increase in the sales of metal castings across the country. Moreover, with rising environmental concerns, leading manufacturers are introducing electric vehicles, which is anticipated to augment the market growth.
India Metal Casting Market 2022-2027 Analysis and Segmentation:
Breakup by Process:
- Sand Casting
- Gravity Casting
- High-Pressure Die Casting (HPDC)
- Low-Pressure Die Casting (LPDC)
Breakup by Material Type:
- Cast Iron
Breakup by End Use:
- Automotive and Transportation
- Equipment and Machine
- Building and Construction
- Aerospace and Military
Automotive and Transportation Market: Breakup by Component:
- Alloy Wheel
- Clutch Casing
- Cylinder Head
- Cross Car Beam
- Crank Case
- Battery Housing
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
Market 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 Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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