India Automotive Parts Aluminum Die Casting Market - Growth, Trends, and Forecast (2019 – 2024)

The India Automotive Parts Aluminum Die Casting Market is Segmented by Production Process Type (Pressure Die Casting, Vacuum Die Casting, Squeeze Die Casting, and Gravity Die Casting) and Application Type (Body Parts, Engine Parts, Transmission Parts, Other Applications).

Market Snapshot

India Automotive Parts Aluminum Die Casting Market Revenue
Study Period:

2017-2024

Base Year:

2018

Key Players:

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Market Overview

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.

  • India has over 400 die casting companies, making it one of the major suppliers of die cast parts in the global market. Of these, over 25 units produce around 12,000 ton of die cast parts per year. Aided by the 1.3 million ton of aluminum production, the Indian automotive market consumes over 0.28 million ton of die castings.
  • The die casting market is highly correlative to the automobile industry. India’s automobile industry is the fifth largest in the world and is expected to become the third largest by 2020. India has a low per capita car ownership of 20 vehicles per 1,000 citizens, as compared to 800 vehicles per 1,000 citizens in the United States and 85 per 1,000 citizens in China. Thus, there exists a huge potential in the Indian automobile and ancillary industry.
  • Some of the major factors driving the growth of the market are growing demand for and sales of cars and commercial vehicles, and enactment of stringent emission and fuel economy norms. However, gradual shifting focus towards zinc die casting in cars and parts may hinder the growth of the market.

Scope of the Report

The Indian automotive parts aluminum die casting market is segmented by production process type and application type.

Production Process
Pressure Die Casting
Vacuum Die Casting
Squeeze Die Casting
Gravity Die Casting
Application Type
Body Parts
Engine Parts
Transmission Parts
Other Applications

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Key Market Trends

Latest Trend and 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,

  • Kia Motors is investing approximately USD 1.1 billion in India and intends to set up a greenfield car plant to produce 3,000 units a year.
  • One of the biggest automotive manufacturers in the world, BMW is planning to manufacture a local version of below-500 CC motorcycle, the G310R, in TVS Motor’s Hosur plant in Tamil Nadu
  • One of the biggest Chinese automobile manufacturer, SAIC Motor, is planning to invest USD 1 billion by the end of 2018, as well as is exploring possibilities for setting up a manufacturing unit in one of the three states of Maharashtra, Andhra Pradesh, and Tamil Nadu

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 need to upgrade there 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.

Foreign Direct Investment in India, in Millions

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Gravity Die Casting is 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;

  • In March 2018, Endurance Group received the letter of intent for supply of aluminum high pressure and gravity die casting parts for Hero MotoCorp’s requirement for their Halol plant. 
  • Spark Minda, Ashok Minda inaugurated its third Die Casting plant at Pune, which will be producing Gravity Die Casting & Low-Pressure Die Casting with machining for two and four-wheeler products.  
  • Mahindra CIE has also entered in the gravity die casting processes

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.

Gravity Die Casting

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.

Major Players

  1. Rockman Industries
  2. Spark Minda Group
  3. Endurance Technologies Limited
  4. Dynacast - Form Technologies
  5. Nemak

* Complete list of players covered available in the table of contents below

Competitive Landscape

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Production Process

      1. 5.1.1 Pressure Die Casting

      2. 5.1.2 Vacuum Die Casting

      3. 5.1.3 Squeeze Die Casting

      4. 5.1.4 Gravity Die Casting

    2. 5.2 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 Mergers & Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 Sandhar Group

      2. 6.3.2 Rockman Industries

      3. 6.3.3 Sipra Quality Die Casting

      4. 6.3.4 Spark Minda Group

      5. 6.3.5 Endurance Technologies Limited

      6. 6.3.6 Samvardhana Motherson Auto Component Pvt. Ltd.

      7. 6.3.7 Rico Auto Industries

      8. 6.3.8 Dynacast - Form Technologies

      9. 6.3.9 Rheinmetall Automotive AG

      10. 6.3.10 Nemak

      11. 6.3.11 Jaya Hind Industries Ltd.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

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