DUBLIN–(BUSINESS WIRE)–The “India’s Automotive Parts Aluminum Die Casting Market, 2019 to 2024” report has been added to ResearchAndMarkets.com’s offering.
The Indian automotive parts aluminum die casting market was valued at USD 1,691.17 million in 2018, and is expected to project a CAGR of 8.88% during the forecast period, 2019-2024.
Key Market Trends
Latest Trend & 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:
Furthermore, many multinational players are trying to invest in the country due to the increasing demand for electric automotive in the country. For instance:
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.
Gravity Die Casting Expected to Witness the Fastest Growth
The India gravity die casting segment registered a value of USD 236.26 million in 2018 and is projected to witness the CAGR of 10.74%, during the forecast period.
Gravity Die casting is one of the oldest way of 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 it’s 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.
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:
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.
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.
Key Topics Covered
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness – Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 Production Process
5.1.1 Pressure Die Casting
5.1.2 Vacuum Die Casting
5.1.3 Squeeze Die Casting
5.1.4 Gravity Die Casting
5.2 Application Type
5.2.1 Body Parts
5.2.2 Engine Parts
5.2.3 Transmission Parts
5.2.4 Other Applications
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 Sandhar Group
6.3.2 Rockman Industries
6.3.3 Sipra Quality Die Casting
6.3.4 Spark Minda Group
6.3.5 Endurance Technologies Limited
6.3.6 Samvardhana Motherson Auto Component Pvt. Ltd.
6.3.7 Rico Auto Industries
6.3.8 Dynacast – Form Technologies
6.3.9 Rheinmetall Automotive AG
6.3.10 Nemak
6.3.11 Jaya Hind Industries Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/pyzv1o
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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Related Topics: Aluminum, Automotive Parts, Automotive Materials
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Aluminum, Automotive Parts, Automotive Materials
