Aluminium Casting Market Share in India will Witness a YOY Growth Rate of 6.01% in 2022 

The aluminium casting market share in India is expected to grow by 660.88 thousand tons, accelerating at a CAGR of 6.83% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Analysis Report

Aluminium Casting Market In India: Market Segments and Key Trends

The aluminum casting market in India is segmented by process (die casting, permanent mold casting, and others) and application (automotive, heavy machinery and industrial, aerospace and defense, construction, and others). 

The aluminium casting market size in India by the die casting segment will be significant during the forecast period. The growth of the segment is attributed to the factors such as multiple advantages, such as high dimensional accuracy and the ability to mold and produce thin wall sections.

The aluminium casting market report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Aluminium Casting Market In India: Top Drivers to Boost Demand

The growing use of aluminium casting in the automotive industry is one of the primary factors driving the growth of the aluminium casting market in India. However, the rising usage of advanced steel in automotive body parts will be a major challenge for the market vendors.

The report provides a detailed study of all the factors likely to boost the market. An understanding of the key drivers will enable businesses to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Aluminium Casting Market In India: Competitive Landscape

The market is fragmented due to the presence of several players.   Alcoa Corp., Buhler AG, Dynacast, Endurance Technologies Ltd., Hackforth Holding GmbH and Co. KG, IBEX ENGINEERING PVT. LTD., Magna International Inc., Rio Tinto Ltd., Sandhar Technologies Ltd., and United Company RUSAL are some of the major aluminium casting market vendors in India 

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report

Aluminium Casting Market In India: Key Highlights of the Report for 2022-2026

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive aluminium casting market growth in India  during the next five years
• Precise estimation of the aluminium casting market size in India and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aluminium casting market vendors in India

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 6.83%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by 660.88 thousand tons.
    
3. What is a key factor driving this market?
   The growing use of aluminium casting in the automotive industry will drive market growth over the forecast period.
    
4. Who are the leading market vendors?
   The leading vendors in this market are Alcoa Corp., Buhler AG, Dynacast, Endurance Technologies Ltd., Hackforth Holding GmbH and Co. KG, IBEX ENGINEERING PVT. LTD., Magna International Inc., Rio Tinto Ltd., Sandhar Technologies Ltd., and United Company RUSAL.
    
5. What are the market segments covered in this report?
   The market is segmented by process (die casting, permanent mold casting, and others) and application (automotive, heavy machinery and industrial, aerospace and defense, construction, and others).