Market Size of India Automotive Parts Aluminum Die Casting Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Automotive Parts Aluminium Die Casting Market Analysis
The Indian automotive parts aluminum die casting market was valued at USD 1.09 Billion in 2020 and is expected to reach USD 1.81 Billion by the year 2026. The India Automotive Parts Aluminum Die Casting Market is anticipated to register a CAGR of over 8.8 % during the forecast period (2021 - 2026).
The COVID-19 outbreak hit the automobile industry adversely. The disruptions caused in the supply chain as several major economies of the world were in lockdown. All the manufacturing units and OEM plants were forced to halt production and operations during this period. With the recovery of economies, the demand returned to the market witnessing huge demand for passenger cars as the consumer preference changed from public transport to personal vehicles. The trend is expected to continue and drive market growth.
The increasing penetration of die casting parts in the automotive industry and the rising vehicle sales have augmented the market growth, globally. Moreover, the rapid implementation of stringent government regulations to curb automobile emissions and increasing fuel efficiency has catalyzed the demand for lightweight, non-ferrous metals in the automobile industry.
With the advent of improved casting technology, high precision and digital machinery are increasingly being used for enhancing the quality and durability of aluminum casts for automobile applications. The factors mentioned above may continue to bolster the growth of the Indian automotive parts aluminum die casting market in the upcoming years.
India Automotive Parts Aluminium Die Casting Industry Segmentation
Die casting is a metal casting process characterized by forcing molten metal under high pressure into a mold cavity. The Indian automotive parts aluminum die casting market studies the latest trends in the die casting industry, market share of major players, and is segmented by production process and application.
By production process, the Indian automotive parts aluminum die casting market is segmented as pressure die casting, vacuum die casting, squeeze die casting, and gravity die casting.
By application type, the market is segmented as body parts, engine parts, transmission parts, and other applications.
| By Production Process | |
| Pressure Die Casting | |
| Vaccum Die Casting | |
| Squeeze Die Casting | |
| Gravity Die Casting |
| By Application Type | |
| Body Parts | |
| Engine Parts | |
| Transmission Parts | |
| Other Applications |
India Automotive Parts Aluminum Die Casting Market Size Summary
The Indian aluminium die casting industry, particularly in the automotive sector, is experiencing significant growth driven by increased vehicle sales and the rising adoption of die casting parts. The market is benefiting from advancements in casting technology, which enhance the quality and durability of aluminium components. The government's initiatives to promote foreign investment and the production-linked incentive scheme are further bolstering the industry's expansion. The focus on reducing vehicle emissions and improving fuel efficiency is also propelling the demand for lightweight, non-ferrous metals, making aluminium die casting a preferred choice in automotive manufacturing. The industry's recovery post-COVID-19, coupled with a shift in consumer preference towards personal vehicles, is expected to sustain this growth trajectory.
The Indian automotive aluminium die casting market is characterized by a robust presence of both domestic and international players, with major companies like Rockman Industries, Sandhar Group, and Rico Auto Industries leading the market. The industry is supported by India's second-largest foundry sector, which meets international standards for automotive applications. Despite the growing popularity of zinc die casting, aluminium remains a key material due to its advantages in weight reduction without compromising strength and durability. The market's fragmentation and the strategic partnerships among key players, such as the collaboration between Jaya Hind Industries and KS Huayu Alutech GmbH, highlight the dynamic nature of the industry. As the market continues to mature, it is poised to cater to both domestic and international demands, leveraging India's skilled labor and advanced manufacturing technologies.
India Automotive Parts Aluminum Die Casting Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Buyers/Consumers
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1.3.2 Bargaining Power of Suppliers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Production Process
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2.1.1 Pressure Die Casting
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2.1.2 Vaccum Die Casting
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2.1.3 Squeeze Die Casting
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2.1.4 Gravity Die Casting
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2.2 By Application Type
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2.2.1 Body Parts
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2.2.2 Engine Parts
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2.2.3 Transmission Parts
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2.2.4 Other Applications
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India Automotive Parts Aluminum Die Casting Market Size FAQs
What is the current India Automotive Parts Aluminum Die Casting Market size?
The India Automotive Parts Aluminum Die Casting Market is projected to register a CAGR of 8.80% during the forecast period (2024-2029)
Who are the key players in India Automotive Parts Aluminum Die Casting Market?
Rockman Industries, Spark Minda Group, Endurance Technologies Limited, Form Technologies (Dynacast) and Nemak SAB De CV are the major companies operating in the India Automotive Parts Aluminum Die Casting Market.
