Aluminium Casting Market In India 2024-2028
The aluminium casting market in India is forecasted to grow by USD 7.15 bn during 2023-2028, accelerating at a CAGR of 8.5% during the forecast period. The report on the aluminium casting market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing use of aluminum casting in automotive industry, stringent regulations for environmental protection, and increasing use of lightweight and high-performance materials.
Technavio's aluminium casting market in India is segmented as below:
By Method
- Die casting
- Permanent mold casting
- Others
By Application
- Automotive
- Heavy machinery and industrial
- Aerospace and defense
- Construction
- Others
This study identifies the growing importance of secondary aluminum casting as one of the prime reasons driving the aluminium casting market in India growth during the next few years. Also, rising aluminum material innovations and aluminum alloy development and growing adoption of aluminum casting in wind energy generation will lead to sizable demand in the market.
The report on the aluminium casting market in India covers the following areas:
- Aluminium casting market in India sizing
- Aluminium casting market in India forecast
- Aluminium casting market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aluminium casting market in India vendors that include Buhler AG, Endurance Technologies Ltd., Form Technologies, Hero Group, IBEX ENGINEERING PVT. LTD., Jaya Hind Industries, Magna International Inc., Minda Corp. Ltd., NEMAK SAB de CV, Rheinmetall AG, Rico Auto Industries Ltd., Samvardhana Motherson International Ltd., Sandhar Technologies Ltd, Sipra Engineers, Sundaram Clayton Ltd., Tattvan Alumicast Pvt. Ltd., and VAF Def Aero Systems Pvt. Ltd.. Also, the aluminium casting market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.