India Aluminum Die Casting Market Size & Outlook
India aluminum die casting market, 2017-2030 (US$M)
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India aluminum die casting market highlights
- The India aluminum die casting market generated a revenue of USD 1,122.7 million in 2022 and is expected to reach USD 1,938.1 million by 2030.
- The India market is expected to grow at a CAGR of 7.1% from 2023 to 2030.
- In terms of segment, pressure die casting was the largest revenue generating process in 2022.
- Pressure Die Casting is the most lucrative process segment registering the fastest growth during the forecast period.
Aluminum die casting market data book summary
| Market revenue in 2022 | USD 1,122.7 million |
| Market revenue in 2030 | USD 1,938.1 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | Pressure die casting |
| Fastest growing segment | Pressure Die Casting |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pressure Die Casting |
| Key market players worldwide | Aluminum Corp of China Ltd Class H, Amsted Industries, Confluent Inc Class A, Georg Fischer AG, Martinrea International Inc, Madison Industries, Ryobi Ltd |
Other key industry trends
- In terms of revenue, India accounted for 1.5% of the global aluminum die 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 die 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 1,938.1 million by 2030.
Pressure die casting was the largest segment with a revenue share of 78.04% in 2022. Horizon Databook has segmented the India aluminum die casting market based on pressure die casting covering the revenue growth of each sub-segment from 2017 to 2030.
India is among the fastest-growing markets for aluminum die castings in Asia Pacific. The country is among the fastest-growing economies in the world and is witnessing positive economic growth owing to rising government initiatives, which, in turn, is 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 die casting market. In the new budget, the National Infrastructure Pipeline (NIP), which 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 country’s finance minister proposed plans to significantly increase the capital expenditure and thus, dedicated a sum of INR 5.54 lakh crore in the budget 2021 for FY2022.
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Aluminum Die Casting Market Scope
Aluminum Die Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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India aluminum die casting market size, by process, 2017-2030 (US$M)
India Aluminum Die Casting Market Outlook Share, 2022 & 2030 (US$M)
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