Product Code: ETC289704 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India die casting machinery market import shipments displayed significant growth from 2020 to 2024, with a robust CAGR of 18.8%. The momentum accelerated further between 2023 and 2024, showing a growth rate of 19.5%. The market expansion trend indicates strong and consistent growth over the specified period.
The die casting machinery market in India has been witnessing steady growth due to the increasing demand from automotive, electronics, and consumer goods industries. Die casting machines are essential in producing intricate and high-precision metal components through the die casting process. The automotive industry`s growth and the rising demand for lightweight components in various applications have been key drivers for the market`s expansion. Moreover, technological advancements in die casting machinery and the adoption of energy-efficient systems have further boosted their demand. As manufacturing industries continue to embrace die casting for its cost-effectiveness and versatility, the die casting machinery market in India is expected to register positive growth.
The die casting machinery market in India is expected to witness significant growth due to the increasing demand for die-cast components in industries like automotive, aerospace, and electronics. Die casting is a widely used manufacturing process to produce complex and lightweight parts with high dimensional accuracy. The growth of these end-user industries and the shift towards lightweight materials in automotive manufacturing are driving the demand for die casting machinery. Moreover, the focus on energy efficiency and sustainability in manufacturing processes is further boosting market growth.
The die casting machinery market faces challenges concerning waste management and recycling. As the die casting process generates a significant amount of scrap and waste, implementing sustainable practices is essential.
The COVID-19 pandemic had a substantial impact on the India die casting machinery market. With manufacturing units temporarily shutting down and international trade disruptions, the demand for die casting machinery declined. The automotive industry, a major consumer of die-cast components, also faced challenges, affecting market growth. Nevertheless, with the revival of industrial activities and the implementation of economic stimulus packages, the market is likely to witness a gradual recovery.
The die casting machinery market in India is projected to grow with the increasing demand for lightweight and complex metal components in various industries. Key players in this market include L.K. Machinery International Limited, Buhler Die-Casting Machines, Toshiba Machine (Chennai) Pvt. Ltd., and Dynacast India Private Limited.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Die Casting Machinery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Die Casting Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 India Die Casting Machinery Market - Industry Life Cycle |
3.4 India Die Casting Machinery Market - Porter's Five Forces |
3.5 India Die Casting Machinery Market Revenues & Volume Share, By Machine Type, 2021 & 2031F |
3.6 India Die Casting Machinery Market Revenues & Volume Share, By Industry, 2021 & 2031F |
3.7 India Die Casting Machinery Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
4 India Die Casting Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from automotive and aerospace industries |
4.2.2 Technological advancements in die casting machinery |
4.2.3 Government initiatives to promote manufacturing sector growth in India |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 High initial investment cost for die casting machinery |
4.3.3 Intense competition from global market players |
5 India Die Casting Machinery Market Trends |
6 India Die Casting Machinery Market, By Types |
6.1 India Die Casting Machinery Market, By Machine Type |
6.1.1 Overview and Analysis |
6.1.2 India Die Casting Machinery Market Revenues & Volume, By Machine Type, 2021-2031F |
6.1.3 India Die Casting Machinery Market Revenues & Volume, By Cold Chamber Die Casting Machines, 2021-2031F |
6.1.4 India Die Casting Machinery Market Revenues & Volume, By Hot Chamber Die Casting Machines, 2021-2031F |
6.2 India Die Casting Machinery Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 India Die Casting Machinery Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Die Casting Machinery Market Revenues & Volume, By 3C Industry, 2021-2031F |
6.2.4 India Die Casting Machinery Market Revenues & Volume, By Other Industries, 2021-2031F |
6.3 India Die Casting Machinery Market, By Raw Material |
6.3.1 Overview and Analysis |
6.3.2 India Die Casting Machinery Market Revenues & Volume, By Aluminum, 2021-2031F |
6.3.3 India Die Casting Machinery Market Revenues & Volume, By Magnesium, 2021-2031F |
6.3.4 India Die Casting Machinery Market Revenues & Volume, By Other Raw Materials, 2021-2031F |
7 India Die Casting Machinery Market Import-Export Trade Statistics |
7.1 India Die Casting Machinery Market Export to Major Countries |
7.2 India Die Casting Machinery Market Imports from Major Countries |
8 India Die Casting Machinery Market Key Performance Indicators |
8.1 Average utilization rate of die casting machinery in India |
8.2 Number of new product launches in the die casting machinery market |
8.3 Adoption rate of automation and digitalization technologies in die casting processes |
9 India Die Casting Machinery Market - Opportunity Assessment |
9.1 India Die Casting Machinery Market Opportunity Assessment, By Machine Type, 2021 & 2031F |
9.2 India Die Casting Machinery Market Opportunity Assessment, By Industry, 2021 & 2031F |
9.3 India Die Casting Machinery Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
10 India Die Casting Machinery Market - Competitive Landscape |
10.1 India Die Casting Machinery Market Revenue Share, By Companies, 2024 |
10.2 India Die Casting Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |