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
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.
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.
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
