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The India Automotive Parts Aluminum Die Casting Market is segmented by Production Process (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Gravity Die Casting), Application Type (Body Parts, Engine Parts, Transmission Parts, and Other Applications).
The India Automotive Parts Aluminum Die Casting Market is anticipated to register a CAGR of over 6.5% during the forecast period 2020 - 2025.
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.
|Pressure Die Casting|
|Vaccum Die Casting|
|Squeeze Die Casting|
|Gravity Die Casting|
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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.
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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.
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.
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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.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Production Process
5.1.1 Pressure Die Casting
5.1.2 Vaccum 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 Company Profiles
6.2.1 Sandhar Group
6.2.2 Rockman Industries
6.2.3 Sipra Quality Die Casting
6.2.4 Spark Minda Group
6.2.5 Endurance Technologies Limited
6.2.6 Samvardhana Motherson
6.2.7 Rico Auto Industries
6.2.8 Form Technologies (Dynacast)
6.2.9 Rheimetall Automotive AG
6.2.10 Nemak SAB De CV
6.2.11 Jaya Hind Industries Ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS