India Foundry Market (2025-2031) | Value, Forecast, Analysis, Companies, Trends, Outlook, Revenue, Growth, Industry, Share & Size

India Foundry Market Growth Rate

According to 6Wresearch internal database and industry insights, the India Foundry Market is projected to grow at a compound annual growth rate (CAGR) of 7.2% during the forecast period (2025–2031).

India Foundry Market Highlights

Topics Covered in the India Foundry Market Report

The India Foundry Market report thoroughly covers the market by product and application. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities, high-growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Foundry Market Synopsis

India Foundry Market is projected to witness consistent growth, supported by increasing automotive manufacturing, increased demand for industrial machinery, and proactive government policies encouraging local production. The growing use of cast iron, steel, and lightweight alloys in construction, machinery, and automotive parts continues to drive output. Moreover, advancements in casting simulation, molding, and metallurgical processes are improving productivity and product precision. Additionally, growing exports and modernization efforts among small and mid-sized foundries are accelerating nationwide market expansion.

Evaluation of Growth Drivers in the India Foundry Market

Below mentioned are some prominent drivers and their influence on the market dynamics:

India Foundry Market is anticipated to witness significant expansion, registering a CAGR of 7.2% during the forecast period of 2025-2031. The India Foundry Market Growth is supported by various measures to enhance metallurgical techniques, improve casting accuracy, and raise standards of product quality. This growth is supported by stable demand in important sectors, such as automotive, industrial machinery, and construction. Continuous improvements in technology, such as the automation of molding, heat and energy recovery systems, and systems for environmental management drive productivity, increase operational efficiency, and improve sustainability at foundries, to bolster long-term competitiveness and global growth in the industry.

Evaluation of Restraints in the India Foundry Market

Below mentioned are some major restraints and their influence on the market dynamics:

India Foundry Market Challenges

The India Foundry Industry faces several challenges, such as market-driven compliance costs under the regulatory environment standards that are getting tougher, and a high dependency on imported alloys and scrap metal, which tend to fluctuate in pricing. Many small foundries resist or cannot afford to incorporate automation into their production processes because they are unable or uninterested in developing the technical expertise or financial models it would take to make automation feasible. Finally, with several foundry products being consumed in other sectors - namely automotive and construction - demand cycles typically for foundry products may be erratic at best.

India Foundry Market Trends

Several emerging trends are shaping the India Foundry Market landscape:

• Automated and Smart Foundries: The growing use of robotic handling, digital simulation, and IoT-based monitoring systems improves accuracy and operational control.
• Sustainable Casting Solutions: Foundries are implementing low-emission furnaces, recycled sand systems, and energy-efficient melting processes to comply with green manufacturing initiatives.
• Demand for Lightweight Alloys: Significant investments in non-ferrous foundries, principally aluminum and magnesium alloys, for EVs and aerospace applications, will increase.
• Digital Twin Technology: The use of digital twin models to improve process control, defect prediction, quality assurance, and cost optimization is becoming commonplace.

Investment Opportunities in the India Foundry Industry

There are several potential investment opportunities in the industry that continue to open new avenues:

• Manufacturing of Automotive Cast Components – Launch high-pressure die-casting services for electric and hybrid vehicles.
• Green Furnace Solutions – Invest in induction and electric-arc furnaces to lower emissions and increase energy efficiency.
• Non-Ferrous Alloy Manufacturing – Build aluminum and copper alloy casting operations for electronics and exporting.
• Advanced Simulation & Automation Technology – Apply digital modeling and automated molding solutions for precision and waste reduction.

Top 5 Leading Players in the India Foundry Market

Some leading players operating in the India Foundry Market Share include:

1. Tata Metaliks Ltd.

Tata Metaliks specializes in pig iron and ductile iron castings catering to automotive, construction, and engineering sectors. The company focuses on product quality, energy efficiency, and sustainable foundry practices to expand its market presence.

2. Kirloskar Ferrous Industries Ltd.

Kirloskar Ferrous manufactures grey and ductile iron castings primarily for engine blocks and automotive components. The company invests in automation, R&D, and high-efficiency furnaces to strengthen operational capability.

3. Brakes India Private Limited

Brakes India produces ferrous castings for braking systems, focusing on high-precision components and sustainable manufacturing. The company’s diversified product range supports both domestic and export markets.

4. Sundaram Clayton Limited

Sundaram Clayton is a leading supplier of aluminum castings for the automotive and industrial machinery sectors. The firm emphasizes lightweight alloy innovation and green manufacturing.

5. Electrosteel Castings Ltd.

Electrosteel Castings is a pioneer in ductile iron pipes and fittings, catering to water infrastructure and industrial projects. The company leverages advanced metallurgy and sustainable production systems.

Government Regulations & Initiatives Introduced in the India Foundry Market

According to Indian Government data, several initiatives have accelerated foundry modernization. Programs like the “Make in India” and “Atmanirbhar Bharat” are strengthening domestic manufacturing capacity. The Production Linked Incentive (PLI) Scheme supports high-value component production. For instance, under the National Steel Policy, the government encourages the adoption of energy-efficient furnaces and clean fuel technologies. State-led programs in Gujarat, Tamil Nadu, and Maharashtra promote foundry clusters with infrastructure support and export incentives.

Future Insights of the India Foundry Market

India Foundry Market is anticipated to progress steadily with a strong emphasis on digitalization, sustainability, and value-added casting processes. The adoption of smart foundries and clean energy technologies will enhance global competitiveness. Rising collaboration between OEMs and small-scale foundries is expected to improve efficiency and export capability. Continuous government support for industrial corridors and metallurgical research will further propel growth across automotive, construction, and engineering sectors.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Ferrous Castings to Dominate the Market- By Product

According to Ritika Kalra, Senior Research Analyst, 6Wresearch, Ferrous Castings dominate the India Foundry Market due to their widespread application in automotive engines, pipes, machinery, and infrastructure. Their cost-effectiveness, strength, and durability make them the preferred material across industrial and construction sectors, ensuring stable growth for the segment.

Automotive to Dominate the Market- By Application

The Automotive application category leads the India Foundry Market owing to increasing production of passenger and commercial vehicles, electric mobility trends, and localization of auto component manufacturing. The rising adoption of cast aluminum and ductile iron for lightweight, efficient components further strengthens this dominance.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Foundry Market Outlook
• Market Size of India Foundry Market, 2024
• Forecast of India Foundry Market, 2031
• Historical Data and Forecast of India Foundry Revenues & Volume for the Period 2021-2031
• India Foundry Market Trend Evolution
• India Foundry Market Drivers and Challenges
• India Foundry Price Trends
• India Foundry Porter's Five Forces
• India Foundry Industry Life Cycle
• Historical Data and Forecast of India Foundry Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of India Foundry Market Revenues & Volume By Ferrous for the Period 2021-2031
• Historical Data and Forecast of India Foundry Market Revenues & Volume By Non-Ferrous for the Period 2021-2031
• Historical Data and Forecast of India Foundry Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Foundry Market Revenues & Volume By Electronics for the Period 2021-2031
• Historical Data and Forecast of India Foundry Market Revenues & Volume By Automotive for the Period 2021-2031
• Historical Data and Forecast of India Foundry Market Revenues & Volume By Construction for the Period 2021-2031
• Historical Data and Forecast of India Foundry Market Revenues & Volume By Industrial Machinery for the Period 2021-2031
• India Foundry Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• India Foundry Top Companies Market Share
• India Foundry Competitive Benchmarking By Technical and Operational Parameters
• India Foundry Company Profiles
• India Foundry Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

•  Non-Ferrous

By Application

• Electronics
• Automotive
• Construction
• Industrial Machinery