India Automotive Parts Aluminum Die Casting Market 2020 Analysis and Industry Outlook 2025

The India Automotive Parts Aluminum Die Casting Market Research Report Forecast 2020 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the Automotive Parts Aluminum Die Casting market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehend Automotive Parts Aluminum Die Casting data that enhances the understanding, scope, and application of this report.

The India Automotive Parts Aluminum Die Casting Market is anticipated to register a CAGR of over 6.5% during the forecast period 2020 - 2025.

- India has over 400 die casting companies, making it one of the major suppliers of die-cast parts in the global market. Of these, over 25 units produce around 12,000 tons of die-cast per year. Aided by the 1.3 million tons of aluminum production, the Indian automotive market consumes over 0.28 million tons of die castings.

- The die casting market is highly correlative to the automobile industry. India’s automobile industry is the fifth-largest in the world and is expected to become the third-largest by 2020. India has a low per capita car ownership of 20 vehicles per 1,000 citizens, as compared to 800 vehicles per 1,000 citizens in the United States and 85 per 1,000 citizens in China. Thus, there exists a huge potential in the Indian automobile and ancillary industry.

- Some of the major factors driving the growth of the market are the growing demand for and sales of cars and commercial vehicles, and enactment of stringent emission and fuel economy norms. Lightweight cast components made from Aluminum are becoming increasingly popular as they meet the weight reduction objectives without compromising on strength, reliability, and durability. However, gradual shifting focus towards zinc die casting in cars and parts may hinder the growth of the market.

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Key Market Trends:

Growing Foreign Direct Investment (FDI) is driving the Market

The introduction of simulation-based castings is one of the key trends that will drive the growth of the die casting market in the forthcoming years. The simulation-based casting process is used to produce components that are cost-effective, have high-precision, and are reliable. This casting process involves various benefits, one of which is that it ensures an easy and accurate fault detection. Simulation-based manufacturing results in reduced wastage and operational costs. Additionally, they can also predict defects and their location easily, and more precisely than the conventional method.

The Indian government introduced 100% FDI into the automotive and automotive component sector. As a result, many foreign companies have started establishing facilities in the country for manufacturing vehicles for the local and global markets. For instance,

In 2019, Kia motors had invested approximately USD 2 billion in India for setting up a greenfield car manufacturing facility with an annual production capacity of 300,000 units.

One of the largest automobile manufacturers in the world, BMW Motorrad signed a long-term strategic partnership with TVS Motor Company to manufacture sub-500cc motorcycles in Infor the global markets. BMW Motorrad in collaboration with TVS Motor Company has launched three products on the 310cc named BMW G 310 R, BMW 310 GS and TVS Apache RR 310.

One of the biggest Chinese automobile manufacturers, SAIC Motors, with its subsidiary Morris Garage has invested around USD 3 billion to acquire General Motor’s plant in Halol town of Gujarat to produce a C-segment sports utility vehicle and is planning an additional investment of USD 350 million in setting up a second manufacturing unit.

Furthermore, many multinational players are trying to invest in the country due to the increasing demand for electric automotive in the country. For instance,

Suzuki Motor is planning to manufacture electric cars at its factory in Gujarat

Ola Cabs is expected to introduce a fleet of one million electric cars in partnership with an electric vehicle maker and the Government of India. As many companies are entering the electric vehicle market, the die casting companies are upgrading their technologies and processes to cater to the increasing demand.

The Indian automotive market is transforming, and the rising automobile production and the emergence of electric vehicles are expected to aid the aluminum die casting market’s growth over the forecast period.

Indian auto industry is the fourth largest in the world owing to which international and national auto manufacturers are expanding their businesses in the country. For Instance,

- In March 2018, Endurance Group received the letter of intent for the supply of aluminum high pressure and gravity die casting parts for Hero MotoCorp’s requirement for their Halol plant.
- Spark Minda, Ashok Minda inaugurated its third Die Casting plant at Pune, which will be producing Gravity Die Casting & Low-Pressure Die Casting with machining for two and four-wheeler products.
- In 2019, Mahindra CIE has entered in the gravity die casting process, by acquiring Aurangabad Electricals.

As the established players are entering into the market and existing companies are expanding their business, these factors are likely to drive the gravity die casting market in the country over the forecast period.

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Competitive Landscape:

The Indian die casting industry is now matured and has started catering to both domestic and international customers. The availability of skilled labor and usage of advanced machinery and technology are key factors for this growth.

Sandhar Group, Rockman Industries, Spark Minda Group, Endurance Technologies Limited, Rico Auto Industries, Dynacast (Form Technologies), Rheinmetall Automotive AG, and Nemak are the major players in the Indian automotive parts Aluminum die casting market.

The Indian Automotive Parts Aluminum Die Casting industry is fairly fragmented with major players such as Rockman Industries, Sandhar Group, Rico Auto Industries, Spark Minda, Rheinmetall, and Nemak accounting to over 56% of the market.

Highlights of TOC:

Market Overview: It starts with product overview and scope of the India Automotive Parts Aluminum Die Casting market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Automotive Parts Aluminum Die Casting market size analysis for the review period 2015-2025.

Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Automotive Parts Aluminum Die Casting market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.

Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.

Market Dynamics: Readers are provided with a comprehensive analysis of Automotive Parts Aluminum Die Casting market challenges, influence factors, drivers, opportunities, and trends.

Market Forecast: Here, the Automotive Parts Aluminum Die Casting report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.

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