India Iron Casting Market Size & Outlook, 2021-2030
India iron casting market, 2017-2030 (US$M)
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India iron casting market highlights
- The India iron casting market generated a revenue of USD 11,784.8 million in 2021 and is expected to reach USD 21,997.9 million by 2030.
- The India market is expected to grow at a CAGR of 7.2% from 2022 to 2030.
- In terms of segment, gray was the largest revenue generating product in 2021.
- Ductile is the most lucrative product segment registering the fastest growth during the forecast period.
Iron casting market data book summary
| Market revenue in 2021 | USD 11,784.8 million |
| Market revenue in 2030 | USD 21,997.9 million |
| Growth rate | 7.2% (CAGR from 2021 to 2030) |
| Largest segment | Gray |
| Fastest growing segment | Ductile |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gray, Ductile, Malleable |
| Key market players worldwide | Hitachi Ltd, POSCO Holdings Inc ADR, Georg Fischer AG, Calumet Specialty Products Partners LP, Brakes India, Chamberlin Plc, Crescent Foundry, Xinxing Ductile Iron Pipes, Newby Foundries, Grupo Industrial Saltillo(GIS) |
Other key industry trends
- In terms of revenue, India accounted for 11.6% of the global iron casting market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China iron 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 21,997.9 million by 2030.
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Iron Casting Market Scope
Iron Casting Market Companies
| Name | Profile | # Employees | HQ | Website |
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India iron 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 iron casting market will help companies and investors design strategic landscapes.
Gray was the largest segment with a revenue share of 64.99% in 2021. Horizon Databook has segmented the India iron casting market based on gray, ductile, malleable covering the revenue growth of each sub-segment from 2017 to 2030.
India is one of the fastest-growing markets for iron castings in Asia Pacific. The country is also among the fastest-growing economies in the world and is witnessing positive economic growth owing to the rising government initiatives, which, in turn, is promoting the country’s manufacturing & infrastructure sector along with encouraging FDIs.
This is expected to augment the growth of iron castings in the country. The Indian government is heavily investing in renewable energy to reduce carbon emissions. For instance, in September 2021, the government announced that it is going to add 30 gigawatts of wind energy by 2030.
As part of the plan, Vision 2024 has been launched, which suggests an acceleration in the implementation of projects by 2024, such as multi-tracking of congested routes, 100% electrification, and up-gradation of speed to 130 kilometers per hour.
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Our clientele includes a mix of iron casting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India iron casting market , including forecasts for subscribers. This country databook contains high-level insights into India iron casting market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India iron casting market size, by product, 2017-2030 (US$M)
India Iron Casting Market Outlook Share, 2021 & 2030 (US$M)
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