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NEW YORK , Feb. 11, 2022 /PRNewswire/ -- The aluminium casting market in India is set to grow by 660.88 th tons, progressing at a CAGR of 6.83% from 2021 to 2026. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The aluminium casting market in India is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The growing use of aluminium casting in the automotive industry, stringent regulations for environmental protection, and growth of the construction sector will offer immense growth opportunities. However, factors such as the rising usage of advanced steel in automotive body parts may threaten the growth of the market.
The report also covers the following areas:
Aluminium Casting Market in India 2022-2026: Segmentation
By process, the aluminium casting market in India has been segmented into automotive, heavy machinery and industrial, aerospace and defense, construction, and others. The die casting segment will have significant market share growth during the forecast period. The high demand for aluminium die casting among end-users is attributed to its various benefits, such as high dimensional accuracy and the ability to mold and produce thin wall sections. The demand for die casting to manufacture automobile aluminium casting components is expected to increase, with the growth of the automobile industry in India during the forecast period.
By application, the aluminium casting market in India has been segmented into automotive, heavy machinery and industrial, aerospace and defense, construction, and others. The automotive segment will have significant market share growth during the forecast period.
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Aluminium Casting Market in India 2022-2026: Vendor Analysis
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the aluminium casting market in India include Alcoa Corp., Buhler AG, Dynacast, Endurance Technologies Ltd., Hackforth Holding GmbH and Co. KG, IBEX ENGINEERING PVT. LTD., Magna International Inc., Rio Tinto Ltd., Sandhar Technologies Ltd., and United Company RUSAL. The key offerings of some of these vendors are mentioned below:
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Aluminium Casting Market in India 2022-2026: Key Highlights
Aluminum Die Casting Market by Application and Geography - Forecast and Analysis 2021-2025
High Purity Alumina Market by Application and Geography - Forecast and Analysis 2021-2025
Aluminium Casting Market In India Scope
Accelerate at a CAGR of 6.83%
Leading companies, competitive strategies, consumer engagement scope
Alcoa Corp., Buhler AG, Dynacast, Endurance Technologies Ltd., Hackforth Holding GmbH and Co. KG, IBEX ENGINEERING PVT. LTD., Magna International Inc., Rio Tinto Ltd., Sandhar Technologies Ltd., and United Company RUSAL
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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