Aluminium Die Casting Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Aluminium Die Casting Companies in India & Revenue Share and the Market is Segmented by Production Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Gravity Die Casting) and Application Type (Body Parts, Engine Parts, Transmission Parts, and Other Applications). The report offers market size and forecast for the India Automotive Parts Aluminum Die Casting Market in value (USD billion) for all the above segments.

India Automotive Parts Aluminium Die Casting Market Size

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India Automotive Parts Aluminum Die Casting Market Size
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

India Automotive Parts Aluminum Die Casting Market Major Player

*Disclaimer: Major Players sorted in no particular order

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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 Market Trends

This section covers the major market trends shaping the India Automotive Parts Aluminum Die Casting Market according to our research experts:

Growing Foreign Direct Investment (FDI) is Driving the Market

The Government of India encourages foreign investment in the automobile sector and has allowed 100% foreign direct investment (FDI) under the automatic route. Some of the recent initiatives taken by the Government of India are :

  • In Union Budget 2021-2022, the government introduced the voluntary vehicle scrappage policy, which is likely to boost demand for new vehicles after removing old unfit vehicles currently plying on the Indian roads.
  • In February 2021, the Delhi government started the process to set up 100 vehicle battery charging points across the state to push the adoption of electric vehicles.
  • The Union Cabinet outlaid Rs. 57,042 crore (USD 7.81 billion) for the automobiles and auto components sector in the production-linked incentive (PLI) scheme under the Department of Heavy Industries.

The automobile industry is supported by various factors, such as the availability of skilled labor at low cost, robust R&D centers, and low-cost production. The industry also provides great opportunities for investment and direct and indirect employment to skilled and unskilled labor. The Indian automotive industry (including component manufacturing) is expected to reach INR 16.16-18.18 trillion by 2026. The Indian automotive industry is expected to record strong growth in 2021-2022, post recovering from the effects of the COVID-19 pandemic. The auto industry is likely to witness positive sales in 2021-22, which further helps the growth of the market.

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

  • In February 2021, MG Motors announced that INR 1,500 crore may be invested in the expansion and localization of its business to increase its production capacity at the Halol plant in Gujarat.
  • In June 2020, Chinese vehicle maker, Great Wall Motors Co. Ltd, (GWM) committed an investment of USD 1 billion for its India business also signed a memorandum of understanding (MoU) with the Maharashtra government for investments.
  • In February 2020, 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.
India Automotive Parts Aluminum Die Casting Market Trends

Gravity Die Casting is Expected to Witness the Fastest Growth

Gravity Die casting is one of the oldest ways to die casting. This die casting process is used for producing accurately dimensioned, sharply defined, smooth, or textured surface metal parts. The main advantage of gravity die casting is its high speed of production. The reusable die tooling allows for many hundreds of castings to be produced in a day. High definition parts reduce machining costs, and superior surface finish reduces finishing costs.

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

India has the world's second-largest foundry industry. Foundries in India can produce die casting products that serve a wide range of automobile applications conforming to international standards. The government's focus on Make in India, developing the automotive industry, and the stringent emission norms drive the market for automotive parts aluminum die castings in the country. The castings consumed by the automotive sector accounted for 35% of the country's production.

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 toward zinc die casting in cars and parts may hinder the growth of the market.

India Automotive Parts Aluminum Die Casting Market Growth

India Automotive Parts Aluminium Die Casting Industry Overview

The Indian automotive aluminum diecasting industry is now matured and has started catering to both domestic and international customers. The availability of skilled labor and the 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 for over 56% of the market.

India Automotive Parts Aluminium Die Casting Market Leaders

  1. Rockman Industries

  2. Spark Minda Group

  3. Endurance Technologies Limited

  4. Form Technologies (Dynacast)

  5. Nemak SAB De CV

*Disclaimer: Major Players sorted in no particular order

Rockman Industries, Spark Minda Group, Endurance Technologies Limited, Form Technologies (Dynacast), Nemak SAB De CV
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India Automotive Parts Aluminium Die Casting Market News

  • In April 2021, Jaya Hind Industries has extended its technical partnership with KS Huayu Alutech GmbH (KSATAG) for the manufacturing of automotive Cylinder Blocks and Cylinder Heads till 2027. The scope of the agreement has also been expanded to cover new parts from Sunrise Industries, such as Electric Vehicles (EV), Structural parts for Chassis, etc.
  • In March 2021, Sandhar Technologies has entered a Memorandum of Understanding with Unicast Autotech to acquire its Aluminium Die Casting Business.

India Automotive Parts Aluminium Die Casting Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Buyers/Consumers

      2. 4.3.2 Bargaining Power of Suppliers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Production Process

      1. 5.1.1 Pressure Die Casting

      2. 5.1.2 Vaccum Die Casting

      3. 5.1.3 Squeeze Die Casting

      4. 5.1.4 Gravity Die Casting

    2. 5.2 By Application Type

      1. 5.2.1 Body Parts

      2. 5.2.2 Engine Parts

      3. 5.2.3 Transmission Parts

      4. 5.2.4 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Sandhar Group

      2. 6.2.2 Rockman Industries

      3. 6.2.3 Sipra Quality Die Casting

      4. 6.2.4 Spark Minda Group

      5. 6.2.5 Endurance Technologies Limited

      6. 6.2.6 Samvardhana Motherson

      7. 6.2.7 Rico Auto Industries

      8. 6.2.8 Form Technologies (Dynacast)

      9. 6.2.9 Rheimetall Automotive AG

      10. 6.2.10 Nemak SAB De CV

      11. 6.2.11 Jaya Hind Industries Ltd

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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
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India Automotive Parts Aluminium Die Casting Market Research FAQs

The India Automotive Parts Aluminum Die Casting Market is projected to register a CAGR of 8.80% during the forecast period (2024-2029)

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.

The report covers the India Automotive Parts Aluminum Die Casting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Automotive Parts Aluminum Die Casting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aluminium Die Casting in India Industry Report

Statistics for the 2024 Aluminium Die Casting in India market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aluminium Die Casting in India analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Aluminium Die Casting Industry in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)