India Aluminum Casting Market Size & Outlook, 2022-2030
India aluminum casting market, 2017-2030 (US$M)
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India aluminum casting market highlights
- The India aluminum casting market generated a revenue of USD 2,808.8 million in 2022 and is expected to reach USD 4,522.3 million by 2030.
- The India market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, die casting was the largest revenue generating process in 2022.
- Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
Aluminum casting market data book summary
| Market revenue in 2022 | USD 2,808.8 million |
| Market revenue in 2030 | USD 4,522.3 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Die casting |
| Fastest growing segment | Die Casting |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Die Casting, Permanent Mold Casting, Other Processes |
| Key market players worldwide | Alcoa Corp, Ramaco Resources Inc Class A, Bravo Mining Corp, Redwire Corp, Georg Fischer AG, Dynatrace Inc Ordinary Shares, Gibb River Diamonds Ltd, Ryobi Ltd, Martinrea International Inc, Toyota Industries Corp, Aluminum Corp of China Ltd Class H |
Other key industry trends
- In terms of revenue, India accounted for 3.1% of the global aluminum casting market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aluminum casting market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,522.3 million by 2030.
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Aluminum Casting Market Scope
Aluminum Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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India aluminum casting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum casting market will help companies and investors design strategic landscapes.
Die casting was the largest segment with a revenue share of 39.97% in 2022. Horizon Databook has segmented the India aluminum casting market based on die casting, permanent mold casting, other processes covering the revenue growth of each sub-segment from 2017 to 2030.
India is the fastest-growing market for aluminum casting, which accounted for a volume share of 18.6% of the Asia Pacific region in 2020. India is among the fastest-growing economies in the world and is witnessing positive economic growth owing to rising government initiatives promoting the country’s manufacturing sector along with encouraging FDIs.
India is Asia’s third-largest economy in the world. Its new budget for FY2021-22 is anticipated to bring in new opportunities for the aluminum casting market. In the new budget, the National Infrastructure Pipeline (NIP) that was launched in December 2019 with 6,835 projects has now been expanded to 7,400 projects. The projects are spread across various sectors including Energy, Road, Urban, and Railways, among others.
With an aim to augment India’s infrastructure, the finance minister of the country proposed to enhance the capital expenditure significantly and thus, dedicated a sum of nearly USD 7 billion towards it in the new budget. The development of the country’s infrastructure is critical for improving the standard of living and boost the productivity and competitiveness of the manufacturing and agricultural sectors.
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Our clientele includes a mix of aluminum casting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India aluminum casting market , including forecasts for subscribers. This country databook contains high-level insights into India aluminum casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India aluminum casting market size, by process, 2017-2030 (US$M)
India Aluminum Casting Market Outlook Share, 2022 & 2030 (US$M)
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