Aluminium Casting Market in India to grow by 660.88 thousand tons … – Yahoo Finance

NEW YORK, Aug. 24, 2023 /PRNewswire/ — The aluminium casting market in India is expected to grow by 660.88 thousand tons from 2021 to 2026, according to Technavio. As per the latest report, the market will progress at a CAGR of 6.83% during the forecast period. The growing use of aluminium casting in the automotive industry is one of the key factors driving growth in the aluminium casting market in India. In recent years, growing demand for energy-efficient and lightweight vehicles has augmented the demand for aluminium casting in the automotive industry resulting in replacing iron and steel with aluminium-cast products. The major factors influencing the automobile industry to become more design-oriented are the optimal corrosion resistance, durability, aesthetic appearance, and the low weight of aluminium.
However, the advantageous features of aluminium, such as good electrical and thermal conductivity, lightweight, complete recyclability, competitive cost, and attractive appearance, also impact the demand for die-cast aluminium parts. Additionally, the growth in the electric vehicles (EV) market is anticipated to drive the growth of the aluminium casting market in India. In addition, sustainability and energy efficiency are the other essential factors affecting the growth of the aluminium casting market. To reduce their weight and lower energy requirements, aluminium castings are increasingly used in electric automobiles. Also, aluminium is used in the compartment that carries electric batteries in EVs and its thermal transfer capabilities help to regulate the temperature around the battery modules in warm or cold weather. EVs are gradually emerging as the future of the automotive industry. Consequently, the growth of the electric car market is anticipated to fuel the growth of the aluminium casting market in India during the forecast period. View the new Sample Report within minutes!
Aluminium Casting Market in India 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our aluminium casting market in India report covers the following areas:
Aluminium Casting Market in India size
Aluminium Casting Market in India trends
Aluminium Casting Market in India industry analysis
Aluminium Casting Market in India five forces analysis
Aluminium Casting Market in India competitive landscape
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 are some of the major market participants. Although the growing use of aluminium casting in the automotive industry will offer immense growth opportunities, the rising usage of advanced steels in automotive body parts will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Aluminium Casting Market in India 2022-2026: Segmentation
Aluminium Casting Market in India is segmented as below:
Automotive
Process
The aluminium casting market in India's share growth by the die casting segment will be significant during the forecast period. Die casting is classified into two types: cold chamber and hot chamber. Cold chamber dies casting is preferred for aluminium castings as molten aluminium dissolves ferrous parts of the mould in hot chamber die casting. The huge demand for aluminium die casting among end-users is attributable to its numerous advantages, such as high dimensional accuracy and the ability to mould and produce thin wall sections.
Aluminium Casting Market in India 2022-2026: Challenge 
The rising usage of advanced steel in automotive body parts will be a major challenge hindering the growth of the aluminium casting market in India during the forecast period. The increasing use of advanced steel for automotive body parts is one of India's major challenges for the aluminium casting market. For example, Audi, a major automaker, has shifted from a full aluminium body for its A8 model and uses steel instead. The model will be made up of over 40% steel. The steel used will be press hardenable steel (PHS), which has a yield strength of up to 1,500 MPa after press hardening. In addition, the strength-to-weight ratio of these steel grades is better than aluminium.  Advanced High-Strength Steels (AHSS) are being increasingly used in vehicles, which can drop the demand for aluminium casting and pose a significant challenge to the growth of the aluminium casting market in India during the forecast period.
What's New? –
Special coverage on the RussiaUkraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!
Aluminium Casting Market in India 2022-2026: Company Analysis
We provide a detailed analysis of around 25 companies operating in the aluminium casting market in India. Backed with competitive intelligence and benchmarking, our research reports on the Aluminium Casting Market in India are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Company Offerings 
Alcoa Corp. – The company offers solutions for aluminium casting which are used for automotive, building and construction, electrical, industrial and transportation markets, under the brand name ofAlcoa.
Buhler AG –  The company offers solutions for aluminium casting which are tailored to the needs with integrated control systems of the cell to improve the die-casting process, under the brand name of Buhler Group.
Endurance Technologies Ltd. –  The company offers solutions for aluminium casting which delivers strength and corrosion resistance with heat dissipating properties that offer mechanical designers significant advantages, under the brand name of Endurance Group.
Aluminium Casting Market in India 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist the aluminium casting market in India growth during the next five years
Estimation of the size of the aluminium casting market in India size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behaviour
The growth of the aluminium casting market in India
Analysis of the market's competitive landscape and detailed information on companies
Comprehensive details of factors that will challenge the growth of the aluminium casting market in Indian companies
Register for a trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Related Reports
The global non-ferrous castings market size is estimated to grow by 11,099.32 thousand MTPA between 2022 and 2027  and the size of the market is forecast to increase at a CAGR of 6.57%. This report extensively covers market segmentation by application (automobiles, electrical and construction, industrial machinery, and others), type (aluminum, copper, zinc, magnesium, and others), and geography (APAC, North America, Europe, Middle East, and Africa, and South America). The increased simulation-based castings are notably driving market growth.
The Global Steel Casting Market size is estimated to grow at a CAGR of 4.35% between 2022 and 2027 with the market size forecast to increase by USD 6,587.36 million. This report extensively covers market segmentation by Application (automotive and transportation, construction and infrastructure, mining, power, and others), Product (sand casting, investment casting, die casting, and centrifugal casting), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). Increasing demand for steel casting in automotive industry is a key factor driving the market growth.
Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com 
View original content to download multimedia:https://www.prnewswire.com/news-releases/aluminium-casting-market-in-india-to-grow-by-660-88-thousand-tons-from-2021-to-2026–the-growing-use-of-aluminium-casting-in-the-automotive-industry-drives-the-market—technavio-301908943.html
SOURCE Technavio
The billionaire investor watched rich friends build “really fancy houses," but "in practically every case, they make the person less happy, not happier."
Tom Baker has written to all 160 Florida state lawmakers as well as 15 news organizations about condo owners dealing with huge insurance rate hikes.
"We've more or less been saying potentially Saudi needs to just flush this thing out."
I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the money I netted? – Thomas The answer is solidly "it depends," both in terms of whether […] The post AAA: I’m Selling My House and Netting $400k to ‘Pay Off My Retirement Home.’ Do I Have to Pay Capital Gains Tax? appeared first on SmartReads by SmartAsset.
Investors can only hope stocks do as well in December as they did in November. There are definitely some S&P 500 stocks that glisten.
From a potential economic recession to continuation of the ongoing bull market, here's what Wall Street expects to happen next year.
Broadcom CEO Hock Tan was unsparing in his expectations about remote work during a meeting with his new employees.
Investors tend to flock to gold during periods of global turbulence, while lower yields also make it more attractive. But there’s a better way to play it.
"The VIX is at 13, everyone's really happy, and it's time for either a correction or some sort of pullback as we enter the new year," Chris Harvey said.
Former Wall Street banker Randall Atkins got a lot more than he bargained for when he paid $2 million for a Wyoming coal mine without even seeing it in 2012. At the time, he planned to make money selling coal from his mine to other plants. That was before he conducted a study in conjunction with the Department of Energy and discovered he was sitting on a treasure worth more than the gross domestic product (GDP) of some small countries. It turns out that his coal mine was also home to an estimate
The top nationwide savings account pays 5.40%, and the best CD is offering 5.88%. So what’s the catch on this checking account that’s paying well over 7%?
The very essence of a retirement nest egg lies in the concept of patient growth and compounding of investments over time. Its purpose is to offer a bountiful reserve of funds when one bids farewell to the workforce, ensuring a … Continue reading → The post Alarming Number of Working Americans Cash Out Retirement Accounts When Changing Jobs appeared first on SmartAsset Blog.
Investors purchased more than $100 billion worth of dividend ETFs from 2021 through 2022, compared to less than $1 billion worth in 2023.
As U.S. stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that could sway equities in the remaining weeks of 2023, including tax loss selling and the so-called Santa Claus rally. The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. Evidence of cooling economic growth has fueled bets that the U.S. central bank could begin cutting rates as early as the first half of 2024, sparking a rally that has boosted the S&P 500 19.6% year-to-date and taken the index to a fresh closing high for the year on Friday.
Cell-tower REITs saw their valuations cut nearly in half this year by the end of October. That dynamic has flipped.
"While it is difficult to pin down the start date and depth of a recession ahead of time, we think it is a live risk for next year," JPMorgan said.
Like all markets, bonds fluctuate. Your returns will be based on what you hold, when you buy it, tax treatment and other factors. While many choose to diversify their portfolios across stocks, bonds and other assets, an all-bond portfolio may allow for more predictability and income generation. You can also diversify an all-bond portfolio with different […] The post What’s the Average Return on an All-Bond Portfolio? appeared first on SmartReads by SmartAsset.
The U.S. Air Force has eliminated Boeing from its competition to develop a successor to the E-4B Nightwatch, Boeing confirmed on Friday, shaking up the battle to build the next version of the aircraft known as the "Doomsday Plane" due to its ability to survive a nuclear war. The move leaves privately-held defense contractor Sierra Nevada Corp as the lone company publicly vying for the Survivable Airborne Operations Center (SAOC) contract to eventually replace a fleet that has been in use since the 1970s. The Air Force, which plans to award a SAOC contract in 2024, declined to comment on whether other firms had submitted bids.
The top stocks for dividends in December 2023 include B. Riley Financial Inc. (RILY), a financial service provider; DallasNews Corp. (DALN), a news publisher; Green Plains Partners LP (GPP) is a fuel storage company; Cohen & Company Inc. (COHN), an investments manager; Frontline PLC (FRO), a transporter of crude oil; Monroe Capital Corp. (MRCC) a business financing company; Natural Health Trends Corp. (NHTC); a lifestyle product supplier; Oxford Square Capital Corp. (OXSQ), a business development company; and Portman Ridge Finance Corp. (PTMN), a business loan provider. Below, we look at the top 10 dividend stocks listed on either the New York Stock Exchange (NYSE) or Nasdaq as measured by forward dividend yield, excluding companies with payout ratios that are either negative or over 100%.
Imagine evenings spent on a sandy beach, weekends filled with family gatherings and afternoons engaged in hobbies. This or a number of other scenarios could be your retirement life. However, if you’re not properly prepared for taxes then it might end up taking more than you planned for from your fixed income. Luckily, the federal […] The post Common Tax Breaks for Retirees appeared first on SmartReads by SmartAsset.

source

Leave a Comment

Your email address will not be published. Required fields are marked *